This page provides technical information on how to interact with independent, third-party decentralized exchanges (DEXs). The assets herein are not accessible via the OKX Centralized Exchange, and OKX does not facilitate their trading. Digital assets displayed are automatically generated based on popularity ranking. OKX does not provide investment recommendations and is not responsible for any potential losses.
Discover how to buy CDR
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
CDR
HZqjje...6o9C
$0.032365
-$0.01223 (-27.42%)
Last updated on --.
How to buy CDR on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy CDR.
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 Cedar?
Cedar is a digital token that helps people exchange value online without needing a bank. Imagine trading your favorite toys with friends, but instead of toys, it's digital money. Cedar exists to make these exchanges fast, easy, and secure, solving the problem of slow and costly traditional money transfers. It allows people to send and receive money globally, just like sending a message, making it accessible to everyone.
How can I buy Cedar?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Complete the identity verification process as required. 3) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 4) Once your account is funded, navigate to the trading section. 5) Search for Cedar and place a buy order by entering the amount you wish to purchase. 6) Confirm your order and wait for the transaction to complete.
Why do people buy Cedar?
People buy Cedar for its practical uses, like sending money across borders quickly and cheaply. It can be used in various applications, such as online payments and decentralized apps, which are growing in popularity. Cedar is part of a larger ecosystem that supports innovation in digital finance, making it relevant in today's tech-driven world. However, it's important to understand its limitations, such as market volatility and regulatory changes.
Things to know before buying Cedar in the United States
In the United States, cryptocurrencies like Cedar are legal but regulated. Users must complete KYC and AML checks when setting up accounts on exchanges. It's important to report any gains from trading or using Cedar on your taxes, as they may be subject to capital gains tax. Income from activities like staking may also be taxable. Always stay informed about the latest regulations to ensure compliance.
What are other ways to own Cedar?
You can obtain Cedar without buying it by participating in airdrops, where tokens are distributed for free to eligible users. Some platforms offer Learn-and-Earn programs, rewarding users with Cedar for completing educational tasks. Participating in network activities like staking or providing liquidity can also earn you Cedar. These methods require effort and understanding of the associated risks, such as market fluctuations and technical requirements.
How can I store my Cedar?
To keep your Cedar safe, you can choose between custodial and non-custodial storage. Custodial wallets are managed by a third party, offering convenience but requiring trust. Non-custodial wallets give you full control, but you must manage your security. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Always back up your wallet, keep recovery phrases safe, and use strong passwords to protect your assets.
Why should I buy Cedar on OKX?
Learn more about the security measures keeping your Cedar 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 Cedar (CDR)
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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 CDR (Cedar) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for CDR (Cedar)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select CDR (Cedar) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for CDR (Cedar)
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.