Orchid (OXT) is the native token of a cryptocurrency-focused virtual private network (VPN). Orchid Coin is the backbone and the cryptocurrency of this blockchain-based VPN service. Launched in December 2019, Orchid is highlighted as the world’s first peer-to-peer privacy network.
The primary goal of Orchid Coin and its developers is to elevate internet freedom by liberating it from all restrictions. But how exactly is OXT Coin used in this network, and what determines its price?
What is Orchid (OXT)?
OXT Coin is the cryptocurrency of a system aiming to enable everyone to purchase bandwidth using crypto payments and benefit from the network’s participating service providers. Those facing internet restrictions can buy OXT Coin to access various VPN service providers.
This creates an endless service domain for OXT. Regulations and government internet bans have made VPN use indispensable, and this situation seems unlikely to change anytime soon.
Those interested in purchasing OXT can do so via Binance.
Where to Buy OXT Coin?
How exactly can one buy OXT Coin? Binance emerges as the most popular platform for users in this regard. The liquidity and security offered by Binance also influence investors‘ choice.
- To buy OXT Coin, first, deposit USD balance into the exchange or buy a cryptocurrency that can be used instead. Start by going to the Binance homepage, and click on the “Buy Crypto” option in the upper left, then the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to spend and choose Tether, i.e., USDT, in the Coin section.
- After buying USDT, preview the “Buy-Sell” option at the top left, and click on the “Classic” tab.
- In the opened section, select the USDT tab at the top right, type OXT in the search button, and select the OXT/USDT pair that appears below.
- Then go to the “BUY OXT” tab in the middle, and enter the amount you want to buy.
- Enter the desired amount and complete the OXT Coin purchase process by confirming the transaction.
