How to buy COVAS on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy COVAS.
Step one
Get OKX Wallet
Create or import your Web3 wallet using the OKX app or web extension.
Step two
Fund your wallet
Transfer funds to your OKX Wallet. Make sure you’ve got the right network and crypto.
Step three
Start trading
Find the crypto you’re looking for and trade under your preferred trading mode.
What's COVAS?
COVAS is like a special digital token that helps people do things online more easily. Imagine it as a magic key that opens doors to different online services. It was created to make online transactions faster and more secure, solving the problem of slow and complicated processes. Just like how a library card lets you borrow books, COVAS lets you access and use certain digital services smoothly.
How can I buy COVAS?
1) Start by creating an account on OKX. Visit the website and click 'Sign Up.' Enter your email and create a password. 2) To fund your account, link your bank account or use a credit/debit card. Follow the instructions to transfer funds. 3) Once your account is funded, search for COVAS. Click 'Buy' and enter the amount you want. Confirm your purchase to complete the transaction.
Why do people buy COVAS?
People buy COVAS because it can be used in various online services, making digital transactions smoother. It's like having a universal pass for different platforms. COVAS is part of a growing ecosystem, meaning more places are starting to accept it. However, it's important to know that not all services use COVAS yet, so its utility depends on where you want to use it.
Things to know before buying COVAS in the United States
In the United States, cryptocurrencies like COVAS are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks, which means verifying your identity. When you use or sell COVAS, you might need to pay taxes on any gains, similar to how you pay taxes on other income. It's important to keep records of your transactions for tax purposes.
What are other ways to own COVAS?
You can get COVAS without buying it by participating in airdrops, where tokens are given for free. Some platforms offer Learn-and-Earn programs, rewarding you with COVAS for completing educational tasks. You might also earn COVAS by staking, which means holding tokens to support network operations, or by providing liquidity in certain pools. Each method has its own requirements and risks.
How can I store my COVAS?
To keep your COVAS safe, you can use a custodial wallet, where a service holds it for you, or a non-custodial wallet, where you control it. Hot wallets are online and convenient but less secure, while cold wallets are offline and safer. Always back up your wallet and keep your recovery phrase private. Using proof of reserves can help ensure your tokens are safe with custodial services.
Why should I buy COVAS on OKX?
Learn more about the security measures keeping your COVAS safe and readily available.
Best aggregated prices
OKX DEX aggregates major DEXs for the best prices and liquidity.

Secure transactions
OKX DEX is fully on-chain, protecting your wallet and flagging any potential risks.
Cross-chain made easy
OKX DEX’s bridge aggregator lets you easily bridge tokens across networks.
Diverse trade options
OKX DEX offers trading modes tailored for various trading needs.

Learn more about how to buy COVAS (COVAS)
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See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.

Trade your crypto
Take advantage of price fluctuations and trade your crypto for other assets using OKX DEX.

HODL, or hold onto your crypto
If you think your crypto will increase in value over time, you can keep it in your wallet.

Stake your crypto or join campaigns
Explore the Discover page and participate in eligible staking opportunities or other campaigns.
How to buy crypto FAQ
1. Digital wallet
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
The phrase "crypto swap" is used to refer to the act of swapping one cryptocurrency for another without using a conventional exchange.
To swap on DEX, you’ll need to:
1. Set up and connect your digital wallet to the DEX you choose
2. Select COVAS (COVAS) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for COVAS (COVAS)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select COVAS (COVAS) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for COVAS (COVAS)
4. Execute the transaction
Slippage is the difference between the price a trader expects to pay or receive, and the price they actually pay. It occurs when a market moves as trade is happening. Slippage usually happens during periods of high volatility, and exchange rate changes.
These are tips to consider when choosing a secure wallet for DEX:
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.




