OPEN
0.0017167631

How to Buy Open Custody Protocol (OPEN)

Buying Open Custody Protocol (OPEN) is straightforward, even if it's not yet listed on BingX. Learn three proven ways to acquire Open Custody Protocol, from self-custody wallets and decentralized exchanges (DEXs) to centralized exchanges (CEXs). Sign up on BingX so you can be one of the first to trade OPEN when it's listed here.

Crypto Rating
4.1
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Frequently Asked Questions
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Where Can You Buy Open Custody Protocol (OPEN)?

As a Ethereum ecosystem token, you can easily buy Open Custody Protocol in these popular ways, even though it is not listed for trading on BingX yet:

Buy OPEN via a Crypto Wallet Swap

You can acquire OPEN via crypto wallets that offer built-in swap functionality, giving you full control over your private keys at every step. Popular Web3 wallets like MetaMask, MyEtherWallet, and Trust Wallet allow you to swap major tokens, such as USDT or ETH, for OPEN through their integrated swap providers. While swap fees in these wallets can be higher than on exchanges, the trade-off is that you maintain custody of your assets from end to end, without relying on a third-party platform.

Buy OPEN on an Ethereum DEX

For those who prefer a trustless, peer-to-peer approach, decentralized exchanges (DEXs) like Uniswap and SushiSwap are an excellent option. To use a DEX, simply connect an ERC-20-compatible wallet such as MetaMask and Trust Wallet, and swap a base token like USDT or ETH for via smart contracts. Just be sure you hold enough of ETH tokens - the Ethereum network’s native currency, to cover transaction fees, and adjust your slippage tolerance as needed to ensure a smooth swap.

Buy OPEN on a Centralized Exchange

Buying Open Custody Protocol on centralized exchanges (CEXs) is fast and beginner-friendly. Simply choose a reputable platform that lists OPEN - one with robust liquidity, a solid security track record, and competitive trading fees. Once you’ve completed your purchase, you have the flexibility to withdraw OPEN directly to your self-custody wallet or, when it’s supported, deposit it into your BingX account for seamless spot trading.

Should I Buy Open Custody Protocol (OPEN) Now?

Check out Open Custody Protocol 's market stats today before deciding whether you will buy it now.

Open Custody Protocol (OPEN) Investment Calculator

If I had purchased $100 worth of Open Custody Protocol over the past few years, how much would it be worth now? Use our ROI calculator to explore Open Custody Protocol ’s historical performance and discover its potential value over time.
If you bought $100 Open Custody Protocol in:
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See how much a $100 Open Custody Protocol investment from your selected year would be worth today, based on historical data. Remember, past performance is not a guarantee of future results.

How to Buy Open Custody Protocol (OPEN): A Step-by-Step Guide

Follow these simple steps to get your hands on Open Custody Protocol and include it in your portfolio:

Buy OPEN via Ethereum Wallet Swap

Install a Wallet: To get started, please install a Web3 wallet; options like MetaMask or MyEtherWallet are great choices.
Fund with Base Tokens: Next, fund your wallet with a common token such as USDT or ETH, either through the wallet’s built-in fiat on-ramp or by depositing from another exchange like BingX.
Open the Swap Feature: When you’re ready, open the swap feature, select your base token (such as USDT and ETH and then OPEN, and enter the amount you’d like to swap.
Adjust Slippage: To help ensure your transaction goes through smoothly, kindly adjust the slippage tolerance to around 1-2%.
Confirm & Receive Open Custody Protocol: Finally, confirm the swap and wait for the on-chain confirmation. Your new OPEN tokens will appear directly in your wallet shortly.

Swap ETH or Other Base Currency for Open Custody Protocol on an Ethereum DEX

Select a DEX: First, choose a DEX that supports OPEN, such as Uniswap and SushiSwap.
Connect Your Wallet: Then, connect your wallet by clicking “Connect Wallet” and selecting Phantom, MetaMask or another compatible option.
Acquire Base Token: Ensure you have enough of the DEX’s base token, for example, USDT or ETH, in your wallet.
Swap for OPEN: Select the base token → OPEN, enter the amount you want to purchase, and adjust your slippage tolerance to your preference before confirming the swap.
Pay Gas Fees: Don’t forget to keep some ETH tokens handy to cover gas fees.

Buy OPEN on a Centralized Exchange

Choose a CEX: Begin by choosing a reputable centralized exchange that lists . Look for platforms with a strong security record, healthy trading volume, and transparent fee tiers.
Sign Up & Verify: Once you’ve selected your exchange, kindly sign up for an account and complete any KYC requirements to unlock full deposit, withdrawal, and trading features.
Fund Your Account: Next, deposit funds - whether fiat via bank transfer or card, or crypto such as USDT, BTC, or ETH.
Place an Order: Navigate to the spot market, select the /USDT (or another) trading pair, and place a Market or Limit order based on your preference.
Withdraw to Your Wallet: After your order fills, you can conveniently withdraw either to your own self-custody wallet or, when available, directly to your BingX address for seamless future trading.
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Best Wallets to Store Open Custody Protocol (OPEN) Securely

  • Hold Open Custody Protocol in a Non-Custodial Wallet

    Holding in a non-custodial wallet puts you in full control of your assets: as the saying goes, “not your keys, not your coins.” You retain sole ownership of the private keys that secure your holdings by using popular Ethereum wallets like MetaMask or MyEtherWallet. This approach is ideal for interacting directly with Ethereum's DeFi protocols without intermediaries. While convenient, always verify you’re interacting with legitimatedApps, keep your software up to date, and be vigilant against phishing or scam sites.

  • HODL Open Custody Protocol in a Hardware Wallet

    For long-term HODLing, opt for a hardware wallet such as Ledger or Trezor. These devices keep your private keys offline, drastically reducing exposure to hacks or malware; just be sure to back up your seed phrase in a safe location.

  • Store OPEN in Your CEX Wallet

    If you prefer fully managed custody, store on a trusted CEX that lists it. You’ll benefit from enterprise-grade security (2FA, cold storage, audits) and instant access to advanced trading features like spot, margin, and futures without moving funds between wallets.

FAQs About Buying Open Custody Protocol (OPEN) on BingX

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