Many crypto wallets are available. There are many crypto wallets available. Some can hold bitcoin, but others can store hundreds of thousands of tokens. Not many people consider themselves to be the experts. “Portal to Web3.”
The OKX wallet delivers exactly what it promises. “Your portal to Web3” This is the beginning of your Web3 journey.
This is all just marketing jargon. We didn’t just take their word at face value, but instead decided to do a thorough analysis of the OKX wallet. We were looking to find out if this wallet is something you’ll need, and if the quality promised lives up to its claims.
We can also direct you to our OKX Review, which includes all of the features offered by OKX. We think you will be surprised.
We also have articles on other aspects of OKX Exchange.
- OKX Trading Bots – Automated Trading in OKX
- Earn Interest While Hodling on OKX
- OKX Mobile: Trading on the Move with OKX App
- OKX NFT Review:
- OKX security: Is OKX safe?
- How to Register on OKX
Coin Bureau also has a special offer available for those that believe OKX exchange is worth joining. 👉 Sign up for OKX today and receive a 40% lifetime discount on trading costs!
Note: Users in the US or UK will not be supported.
What is OKX, a brief primer?
OKX has been growing in popularity for some time. With trading volumes around $1 billion per day, it is no surprise that OKX is among the fastest-growing and largest centralized exchanges. OKX is a popular crypto exchange because of its comprehensive list of trading features, order types and a smooth trading interface. It also has the reputation and safety that come with being licensed and regulated.
OKX also has expanded its services beyond basic trading and derivatives. OKX clients can participate in the OKX launchpad to launch new projects, earn through staking or other opportunities, or borrow or lend money as part of the OKX loan program.
The OKX brand has its headquarters in Seychelles. It is a subsidiary to OKCoin which is owned and operated by OK Group. This company was founded by Mingxing Xu in 2013. They launched the OKX cryptocurrency exchange in 2017 after the success and growth of OK Coin.
Introducing the OKX Wallet
Web3 is a modern vision of a better internet experience. The OKX Wallet was created as a portal for crypto assets, decentralized finance (DeFi), decentralized applications (DApps), and non-fungible tokens (NFTs).
OKX did not own your assets when it released the OKX Wallet. The OKX wallet gives you full control over your digital assets. The OKX Wallet will not store your wallet password or seed phrase. It also won’t send your private key or seed phrase to an external server.
OKX Wallet offers many benefits to users.
- Your funds are yours to keep and you own them.
- The withdrawal process is faster since the withdrawal approval is not required as in centralized exchanges.
- Multi-chain wallet which automatically detects and connects with different blockchains. No manual switching is required.
- Manage crypto assets across 40 chains including Ethereum, OKC and BSC.
- Supports the importation and derivation from multiple-seed phrases.
- Download the OKX Wallet App for iOS or Android to connect with your mobile device.
OKX Wallet provides access to the OKX DEX as well, a DEX aggregator built in for multi-chain or cross-chain transactions. It provides access to the OKX NFT Marketplace – a multichain NFT trading, creation and exchange platform. Finally, it's a Web3 portal that allows easy access to over 1,000 DApp protocols, with more being added all the time.
OKX is a Web3 wallet that allows you to easily connect to different networks. This way, users can take advantage of this trend and access multiple chains without switching wallets or networks. OKX will automatically detect and connect to any network supported by the wallet, allowing DeFi and GameFi to be more easily accessible.
One Wallet–Many Networks
DApps can be created across so many networks. To connect to them all, you will need a wallet. OKX Web3 can be that wallet. It is connected to over 40 blockchain networks at the moment (December 2022), and provides easy access for users to over 1,000 DeFi and GameFi dApps. Few wallets offer the same breadth of access as the OKX wallet.
Cross-chain Swaps
If you have tokens on multiple networks, it’s important to be able to switch between them easily. Suppose that you own Ethereum but want to use a Tron-based DApp. This transaction is not only seamless but also possible with the OKX wallet.
OKX wallet offers the best exchange rate with security built in. How is this possible? How is this possible?
What's X Routing?
The X Routing algorithms searches more than 100 decentralized exchanges and 100,000 crypto assets, including 10 blockchains. It then offers the best possible price for all DEXs supported. X Routing is not just a simple search. It compares the prices of Liquidity Providers to the liquidity pools and can split orders if necessary.
OKX claims the X-Routing algorithm allows them the ability to offer a wide variety of quotes, along with the best prices for all your swaps. This tool offers convenience, security, as well as the best exchange rates.
Create and trade NFTs
You like NFTs? Yeah, so do we. OKX has also included NFT integration into their wallet. You can buy, sell, store, trade and even create NFTs within the OKX wallet.
Buy, sell, trade NFTs
You can buy and sell NFT assets by connecting your OKX wallet directly to the NFT Marketplace. Buy your favorite NFTs to complete your collection or sell NFTs that you already own for profit. The NFT Marketplace and wallet are available on the Ethereum, Solana OKC Polygon BSC Avalanche C Immutable X and Polygon blockchains.
You’ll also benefit from the aggregated liquidity of NFT markets when you use the OKX wallet in conjunction with the OKX Marketplace. You can view NFT orders on OpenSea LooksRare Magic Eden and IMX Official as well as other NFT markets.
OKX NFT Launchpad
The OKX Launchpad, an NFT market, regularly launches exclusive and high-quality NFT projects. OKX collaborates with creators on some of most unique and decentralized NFTs projects. OKX wallet users get access to NFTs early at discounted rates, increasing their chances to profit from NFT collectibles.
Over 70 new NFT project have been launched in this country, with a volume of more than $5,000,000 coming from over 18,000 users.
Mint New NFTs
You can use the OKX wallet to create, store, trade, and sell your own NFTs at the OKX NFT Market homepage. Select "Create an NFT" Connect your OKX wallet (also supports MetaMask Phantom and WalletConnect) to start, then follow the instructions. Upload an image, audio or video file, name it, and set the royalty fee you'd like to earn from its sale.
There are also other options. “Watch Only” Import an address to view assets and transaction history.
DApp Gateway
In the past, DApps were largely disconnected, making it difficult to connect with different Decentralized Applications. This is especially true if these applications are on different blockchains. The disconnect between DApps is a major obstacle to adoption. The users needed a single portal to allow them to access a variety of DApps, without the hassles associated with connecting different wallets to dissimilar platforms and blockchains.
OKX integrated the most popular DApps in its wallet to meet this need. The OKX wallet is a gateway for DeFi applications to earn yields and for new blockchain-based game where you not only can play and have a good time, but you can also own all your in-game items, which allows for potential profit or just bragging right.
Simply connecting the wallet will allow you to access everything that is available, including popular DeFi Platforms like Lido and Aave as well as brand new GameFi Apps such Splinterlands or Axie. Moreover there is support of 35 different networks with more to be added. So you will always be able access your favorite apps, regardless of the network that they run on.
The conclusion of the article is:
You should not have to worry whether your wallet supports any NFT or DApp. You won’t have to worry about these things if you use an OKX wallet. Support for Tron, BSC and Solana as well as Bitcoin, EOS and Tron is also available. You can find many others on the OKX web3 page.
We liked the fact that the wallet is not custodial, despite its support for many blockchain networks. You retain control of your digital assets and are not required to store them with the exchange. The OKX wallet will become your best friend if you frequently use DeFi and GameFi apps, need a cheap and easy way to exchange tokens or are into collecting and trading non-fiat currencies.
Common Questions
What is OKX wallet
OKX is the passport that grants you access to Web3. This is a decentralized non-custodial wallet which supports over 40 Blockchains, more than 1,000 DApps, as well as thousands of digital assets.
Is OKX safe wallet?
The OKX wallet offers complete security. The wallet does not store any of your private keys, seed phrases, or wallet passwords.
Hackers cannot access your assets. It is essential to maintain good online hygiene, and keep your device clean of malware and viruses, since it is a digital wallet. Learn more about this in our article regarding crypto safety.
Is there a wallet for OKX?
There is an exchange wallet to trade and a non custodial wallet which can be used for storing tokens and exchanging them, as well as interacting with different blockchain DApps.
Is OKX an exchange or a wallet?
OKX is both an exchange as well as a wallet that does not require a custody. The exchange allows for cryptocurrency trading, whereas the wallet gives access to Web3 ecosystems such as DApps and GameFi.
