OKB to USD | $38.2800 |
OKB to PHP | ₱2,230.51 |
OKB to EUR | €35.1737 |
OKB to IDR | Rp 601,414.0 |
OKB to GBP | £29.6823 |
OKB to CAD | $53.3328 |
OKB to AED | AED 140.60 |
OKB to VND | ₫967,888.7 |
OKB is the native utility token of the OKX cryptocurrency exchange. OKB is designed to be a deflationary token that is used to pay transaction fees on OKX, access DeFi services, participate in token sales, and more. Additionally, OKB holders can enjoy discounts on transaction fees depending on the amount of OKB owned.
OKX has implemented various security measures to ensure the safety of user funds. The exchange uses a multi-signature cold wallet system to store the majority of user funds, ensuring that they are kept offline and out of reach from potential hackers. In addition, OKX conducts regular security audits and employs advanced security protocols to protect against potential security breaches.
Users can also enable two-factor authentication (2FA) for added security when logging into their accounts. OKX takes user security very seriously and has a dedicated team that works around the clock to ensure the platform remains secure and reliable.
OKX's Proof of Reserves (PoR) is a monthly report that provides full transparency to users regarding the platform's reserves. It allows users to verify that their assets are fully backed by real assets at a 1:1 ratio. This practice sets a standard for the entire crypto industry, ensuring that exchanges prioritize the safety and accountability of their users' assets.