Launched in 2019, Orchid’s popularity has been on a steady rise. The Orchid ecosystem has been expanding, the number of wallets holding OXT tokens has been growing, and so has Orchid’s daily trade volumes that currently average tens of millions of dollars.
These factors have made it an important speculative investment for crypto traders. Its mission of securing the internet has also made a good long-term investment.
The fact that you are here tells us that you too are interested in trading or investing in Orchid? But you probably aren’t sure where to buy Orchid tokens. And as a growing number of crypto trading platforms list the token, you are looking for the best place to buy Orchid.
In this guide, we tell you where to buy OXT tokens in 2023. We also tell you about the different ways to buy Orchid and provide you with a step-by-step guide on how to buy Orchid tokens on one of the leading crypto exchanges.
Read on.
How To Buy Orchid (OXT) – Quick Guide
Want to jump straight to buying Orchid tokens? Follow this simple three step-by-step guide that teaches you how to buy Orchid on the all popular eToro crypto trading platform.
- Step 1: Open an eToro Account – Create a crypto trader account with eToro. The process is quick and straightforward - taking no more than 10 minutes. The exchange will only ask for basic personal information and request you to verify your identity.
- Step 2: Fund Your Account – Deposit funds into the trader account. eToro presents you with multiple payment options - depending on your country of residence. The minimum deposit limit for US and UK residents is $10.
- Step 3: Buy Orchid (OXT) – Use the search button to look up Orchid tokens. Click on the buy option, customise the purchase order, and tap on “Open Trade” to initiate the purchase.
That’s it! By following these easy steps, you can buy Orchid in less than 10 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Are you new to crypto trading or haven’t interacted with eToro in the past and would like a more detailed step-by-step guide on how to buy Orchid? Read on and we will be providing you with a comprehensive buy guide below.
Where To Buy Orchid (OXT) In 2023
As we have mentioned above, Orchid’s popularity has been on the rise and investor interest in the private network has soared. These factors have seen it attract the attention of popular crypto exchanges that have not only listed the token but continue adding OXT trading pairs.
In this section, though, we introduce you to what we consider the three best places to buy Orchid tokens in 2023.
Read on to understand why they made it to this list and why you too should consider adding them to your index of where to buy Orchid now.
1. eToro - Overall Best Place to Buy Orchid (OXT) in 2023
A host of factors make eToro the overall best place to buy Orchid tokens in 2023, not least being its user-friendliness and transparency. The crypto trading platform that started out as a forex brokerage has gone a long way in turning into one of the most accommodating crypto trading platforms. It appeals to beginner traders with an intuitive platform, integration of educational resources, straightforward account opening process, low minimum deposit/trading limits - starting from $1, and seamless crypto buying process.
It then appeals to expert and active OXT traders with support for advanced trading and analysis tools, ultra-fast order execution speeds, a transparent pricing model, and adequate liquidity. The exchange, for instance, doesn’t maintain hidden fees and the transaction charge for OXT is fixed at 1% of the trade amount.
eToro also makes it to our index of best places to buy Orchid tokens because of its accessibility and support for a wide range of payment options. For starters, the exchange is available in 180+ countries and territories across the world. In these jurisdictions, eToro lets OXT traders deposit via such payment methods as debit cards, credit cards, PayPal, eWallets (Skrill, Neteller), bank transfer, ACH checks, SOFORT, and more. And it doesn’t charge a deposit processing fee.
You may also want to consider buying Orchid via eToro because of its commitment to the security of client data and assets. The exchange does not share sensitive client data with third parties. It also provides users with a free custodial wallet that stores more than 90% of client funds offline. And if you wish to assume control over your private keys, eToro provides you with a non-custodial mobile wallet app.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Crypto.com - Best Place to Buy Orchid (OXT) for High Deposit Maximums
We feature crypto.com among the best places to buy Orchid in 2023 because we liked its support for high deposit limits. It is one of a handful of crypto exchanges that let you deposit or withdraw as much as $10 Million daily via the bank.
We also liked the fact that the fast-rising crypto exchange supports a wide range of payment options, including debit cards, credit cards, PayPal, and eWallets. But these are far from being the only reasons why you too should consider buying Orchid on Crypto.com.
You will also appreciate the exchange’s deep liquidity. Even though it is a relatively new exchange, Crypto.com consistently features among the most liquid crypto exchanges in the world. It also maintains relatively fast order execution speeds - averaging 3 milliseconds. And supports a growing number of cryptocurrencies - meaning more OXT trading pairs. All these make it highly attractive to active traders.
But it also draws in beginner traders with its straightforward account opening process and highly intuitive user interface. Crypto.com then maintains a straightforward crypto buying process. Not forgetting that it also maintains highly affordable minimum deposit/trade limits - only $20. Even more importantly, Crypto.com is transparent about its already competitive fees.
When buying OXT tokens on the platform, for instance, you will only pay a fixed maker/taker fee of between 0.4% and 0.1% - depending on your 30-day trading volume on the exchange. And if you had staked a minimum of 5000 CRO (Cronos) tokens on the Cronos Chain, you qualify for a 10% fee waiver.
Speaking of waivers, the Crypto.com exchange integrates two DeFi programs. First, is Crypto.com staking which lets you earn interests of up to 14.56% P.A. when you stake cryptos like Orchid on the platform. It also integrates a Crypto.com lending program that lets you borrow up to 50% of your staked crypto and you get to pay back in flexible installments of up to 12 months at competitive interest rates.
You may also want to add Crypto.com to your index of where to buy Orchid because it is a multi-platform exchange - available on the web and as a mobile app. Plus, like most other popular exchanges, it too provides all its platform users with free digital wallets.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Binance - Best Place to Buy Orchid (OXT) at Low Prices
Binance is the largest and arguably the most popular crypto exchange. It is the most accessible crypto trading platform - available to every crypto enthusiast in any crypto-friendly country and territory. It is also the most liquid exchange - processing in excess of $80 Billion worth of crypto trades daily.
But we feature it among the best places to buy Orchid in 2023 primarily because of its low and highly discounted trading fees. Here, you only have to pay a fixed maker/taker fee of between 0.1% and 0.04% when buying cryptocurrencies like OXT. And if you choose to settle the transaction fee with BNB coins, you qualify for a 25% discount - bringing down the cost of buying OXT on Binance to between 0.75% and 0.03%.
Other factors that make Binance one of the best places to buy Orchid today include user-friendliness. This starts with a quick and straightforward account opening process. It then extends to a highly intuitive user interface that not only features buy guides for beginners but also integrates advanced trading, research, and risk management tools. Binance is also ultra-fast in processing crypto trades and is a multi-platform exchange - available on both web trader and mobile apps.
You may also consider adding Binance to your list of where to buy Orchid because of its commitment to the security of client assets and data. For starters, Binance does not share sensitive client info with third parties. Secondly, Binance provides you with a custodial wallet that stores 90%+ of client assets in cold storage as well as a mobile wallet app - the Trust Wallet. Lastly, Binance operates the largest crypto-focused insurance fund - currently worth more than $1 Billion.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What Is Orchid (OXT)?
Orchid describes itself as the first incentivized peer-to-peer privacy network. It is a cryptocurrency-powered virtual private network (VPN) started that launched in December 2019. According to one of its co-founders - Dr. Steven Waterhouse - Orchid Network was born of the need to improve on the existing VPN network experience through decentralized technology.
It provides similar services to conventional VPN service providers. However, a few of its core features help it stand out from the crowd. First, it is a blockchain-powered product and this absolves it of all the ills of centralization that currently rock conventional VPN companies.
Secondly, it employs the pay-to-use economic model which means that Orchid VPN users only pay for the service when they are actually connected to the VPN. Lastly, Orchid allows for passive income generation for the involved parties through staking.
Orchid (OXT) is the ERC-20 the utility token for the platform and the native cryptocurrency of the Orchid network.
Is Orchid (OXT) A Good Investment?
Yes, the majority of crypto analysts and investors are confident that Orchid is a good investment for two primary reasons. For starters, it has proven its resilience by sustaining an overall positive price uptrend and by surviving a harsh crypto winter and volatile market crashes.
It is also a good investment because it has a hugely promising future. The crypto market has been warming up to the VPN service, investor interest in the token is on an uptrend, its trading volumes are rising, and it has a solid roadmap. All these have analysts and investors convinced that OXT token prices will continue rising.
Other reasons that make Orchid a good investment include:
- It is easily accessible: You may consider Orchid a good investment because it is easily accessible. It is already listed with a growing number of highly liquid exchanges, making the accumulation or liquidation of your OXT portfolio easy.
- It allows you to earn doubly: In addition to trading or HODLing the uptrending crypto asset and earning from its value gain, you could also earn by staking OXT on the Orchid network.
- Possibility of high ROI: The general feeling in the crypto world is that Orchid token prices will sustain an uptrend in the foreseeable future and possibly rally to unprecedented heights in the last half of this decade. This possibility of a high ROI makes it a great addition to any long-term focused crypto portfolio.
Orchid (OXT) Price
According to price data on CoinMarketCap, Orchid tokens started trading publicly in mid-December 2019 with an introductory price of $0.27. A few hours after hitting the markets, OXT markets shot up by more than 240% to reach $0.65. But the ongoing crypto winter soon caught up with it and in February 2020, OXT prices fell below the introductory price before setting a floor price of $0.08 in June.
It stormed into 2021 selling around $0.2 but as soon as the crypto market rally picked pace, OXT took the cue and embarked on its biggest price run yet. And in April, it set its current all-time high of $1.02 - close to 400% above its introductory price.
But the market crashed in mid-May, inhibiting further uptrend and sending OXT token prices on a downward spiral. It attempted a rebound during the late 2021 mini-market rally but could only reach $0.60. For the better part of 2023, the contracting market has exacerbated OXT’s value loss and it currently is selling at around $0.10.
Orchid (XOT) Price Prediction
Moving forward, the majority in the crypto community is confident that Orchid has everything it needs to sustain an uptrend.
By the end of the year, for instance, the majority of analysts are confident that the Orchid network will have started its recovery and will most likely be selling for $0.60.
In the next 5 years, technical analysts at Gov. Capital are confident that Orchid, will have recaptured its 2021 high and rallied past $2. They are confident that OXT will have rallied by more than 2000% to break above $2.
Technical and fundamental analysis of Orchid tokens indicates that it will continue amassing value for the next few years. By the turn of the decade, they are confident that it will have rallied up by more than 4500% to reach $4.50.
Don't Miss: Orchid (OXT) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ways To Buy Orchid (OXT)
Different crypto trading platforms have introduced different ways of buying Orchid tokens as they seek to attract new clients and appeal to different markets. This explains why they are always looking to integrate more payment options into their networks.
Here, we discuss the three most common ways of buying Orchid today.
-
How to Buy Orchid (OXT) With Credit Cards and Debit Cards
The majority of crypto exchanges available today - including the three we have discussed herein - will let you buy Orchid with credit cards and debit cards. After all, cards are one of the most accessible and convenient ways of transacting online. You will likely prefer cards to such other payment options as bank wire because exchanges do not charge deposit fees for card payments and they process these deposits instantaneously.
-
How to Buy Orchid (OXT) With PayPal
Given that PayPal is yet to extend support for OXT tokens on its platform, buying Orchid with PayPal involves finding an exchange that supports the payment option e.g. eToro. Like cards, PayPal is a preferred method of buying OXT by many because eToro does not charge a deposit-processing fee. Plus PayPal processes these deposits instantaneously.
-
How to Buy Orchid (OXT) With Bank
You could also choose to buy Orchid with bank transfer. After all, banks are the most accessible and most acceptable payment option. Even the three crypto exchanges we have discussed above will all let you buy OXT with bank deposits on their platform.
They do not charge a processing fee for bank deposits and support relatively high deposit minimums - as much as $10 Million on Crypto.com.
The only downside to buying OXT with bank deposits is that deposits take days before reflecting in your trader account. At eToro, for instance, bank deposits are processed in 3 to 8 business days.
Best Orchid (OXT) Wallet
There are two primary types of wallets available to Orchid investors. First is the online wallet, which includes the exchange-provided crypto wallets and others provided by third-party entities. These are free and store the private keys for your OXT tokens online or on your phone/PC.
Secondly, you have the option of hardware wallets. Most of these aren’t free and store the private keys from your OXT tokens in offline USB-like devices.
We encourage our readers to invest in a hardware wallet because, by storing your tokens offline, it shields them from hackers and malware. We do not recommend storing your keys online or leaving them at the exchange.
How To Buy Orchid (OXT) For Beginners - Step-By-Step Guide
As promised, here is the more detailed guide that teaches you how to buy Orchid tokens on the all-popular eToro crypto exchange.
Step 1: Register a crypto trader account with eToro
On your browser, open the official eToro website and tap on the “Join Now” icon. A registration form will pop up. Complete it by entering the basic personal information requested.
Step 2: Verify identity
At the end of the registration form is the identity verification requirement. Note that eToro is a multi-regulated exchange and is, therefore, required to pass its clients through KYC and AML checks. Verify your identity by uploading a copy of your government-issued identity document, be it an I.D., passport, or driver’s license.
Note: eToro will inform you via email when the trader account is approved.
Step 3: Deposit funds
Log in to the approved eToro trading account and on the user dashboard, click on the “Deposit Funds” button. A funding tab will pop up indicating all the payment options available to you. Choose one and follow the prompts to initiate the cash transfer.
Step 4: Search for Orchid Network
On the user dashboard, click on the “Discover” button to reveal the asset classes supported by eToro. Choose ‘Crypto’ and use the search button to find Orchid. Alternatively, look it up from the list of cryptocurrencies supported by the exchange.
Step 5: Buy Orchid Network
Click on the “Buy” icon against the token. A trading tab will pop up. Use it to customize the trade by indicating the number of Orchid tokens you wish to buy or the amount of cash you wish to spend on the trade. Hit the “Open Trade” button to authorize the purchase.
Note: The private keys for the just purchased Orchid Network tokens will be delivered to the exchange-provided custodial wallet. However, you are free to move them to the equally free but non-custodial eToro mobile wallet app, a third-party online wallet/exchange, or the more secure hardware wallet.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Sell Orchid (OXT)
It is simple. Start by logging back into eToro or the crypto exchange where you first purchased your OXT tokens. Look up Orchid and press the sell button against the cryptocurrency. Then customize the trade by indicating whether you wish to open a market or limit order.
A market order implies selling the tokens immediately and at the prevailing market price. The limit order, on the other hand, lets you set a custom price for the OXT coins - implying that these OXT tokens will only be sold if the selling price is met.
Conclusion - Where To Buy Orchid (OXT) In 2023
There goes everything you need to know about buying Orchid tokens in 2023. Here, we have discussed what we consider the three best exchanges to buy Orchid tokens. We have told you why we believe each is the best place to buy OXT and why you too should consider buying OXT tokens here.
We have also outlined some of the reasons why believe Orchid tokens are worth buying today. We even told you of the different ways of buying OXT on popular exchanges.
Want to start buying Orchid tokens right away? Follow the step-by-step guide outlined above that teaches you to buy OXT tokens on eToro with as little as $10.
eToro – The Best Place To Buy Orchid
Open an account with eToro, deposit some funds with USD, and finally – buy OXT from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
FAQs About Where To Buy Orchid (OXT)
What will Orchid be worth in 2023?
No one can tell with utmost accuracy what Orchid tokens will be worth in the future, nevertheless, fundamental and technical analysis of the coin indicates its prices will continue rising and that it could end the year selling for $0.60.
Are Orchid tokens worth buying?
Yes, the majority of crypto analysts and investors are confident that OXT token prices will continue rallying which explains why they are worth buying today.
Where to buy Orchid tokens now?
A growing number of crypto exchanges and trading platforms have listed Orchid. However, we recommend buying the altcoin on the eToro exchange.
How do I get Orchid tokens?
The easiest path to owning Orchid cryptocurrencies is by buying them at a crypto exchange. In the above guide, we have introduced you to the three best exchanges to buy Orchid and even provided you with a step-by-step guide to buying the altcoin on eToro.