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How to Buy Open Custody Protocol(OPEN)
- What is Open Custody Protocol(OPEN)?
- Where to Buy Open Custody Protocol(OPEN)?
- How to Buy Open Custody Protocol(OPEN) From DEX?
- How to Buy Open Custody Protocol(OPEN) From DEX?
- What to Do After I Buy Open Custody Protocol(OPEN)
- Frequently asked questions
What is Open Custody Protocol(OPEN)?
At the heart of OCP lies the $OPEN token, a critical component facilitating the economic transactions between builders, users, and custodial solutions. Through a seamless exchange of native gas tokens, stablecoins, and custodial fees, $OPEN ensures the transaction guarantees needed for the protocol’s economic model.
What's different to most protocol token economics, is how OCP's architecture democratizes participation in the economic incentives in the protocol. In most protocols the token holder must stake to a validator to earn a share in the economic incentives, but with $OPEN, any holder can contribute to and derive value from the ecosystem without the need for complex operations or large-scale validators.
OCP introduces an innovative relayer mechanism that seamlessly connects applications to a modular permissionless custody protocol. OCP operates a protocol that acts akin to a mesh network, enabling an end-user to leverage a diverse set of key management protocols, called this "Keychain Aggregation". Building a protocol that solves for Keychain Aggregation not only simplifies the way developers can build, abstracting risk and complexity, but it also harmonizes and aggregates the economics associated with having multiple bilateral commercial relationships.
With OCP, we have a new custody primitive that embraces (1) modularity, in connecting key management solutions, and (2) decentralisation, in the way users can access key generation and transaction signing services. We are particularly excited to pioneer this, witnessing existing security and custody solutions struggle to adapt to the ongoing proliferation of chains. Additionally, with the impending tokenization of Real World Assets (RWAs) - potentially mobilizing over trillions of dollars into the blockchain ecosystem - the demand for versatile and modular solutions is clear and present.
Where to Buy Open Custody Protocol(OPEN)?
Huobi Global 
Binance 
Kucoin 
Coinbase 
OKX | Exchange | Pairs | Price | Volume | Volume% | 24h% | Updated |
|---|---|---|---|---|---|---|
 HTX | OPEN/USDT | $0.1681 | $1,292,334 | 88.44% | 0.36% | Recently |
 AscendEX | OPEN/USDT | $0.1679 | $146,957 | 10.10% | 0.84% | Recently |
 Bitget | OPEN/USDT | $0.1686 | $21,254.21 | 1.45% | -- | Recently |
 LATOKEN | QRDO/USDT | -- | -- | 0.00% | 0.00% | Recently |
 LBank | QRDO/USDT | $0.0002 | $29,215 | 0.00% | 0.10% | Recently |
There are two types of crypto exchanges that support Open Custody Protocol(OPEN) trading, they are centralized exchanges (CEX) and decentralized exchanges (DEX), the steps of buying Open Custody Protocol(OPEN) in two types of crypto exchanges are different:
- If you want to buy Open Custody Protocol(OPEN) in CEX, it is recommended to buy USDT or BTC first, then swap them to Open Custody Protocol(OPEN) in CEX. If the CEX or crypto wallet that you are holding USDT or BTC did not support Open Custody Protocol(OPEN) trading, then you need to withdraw and deposit to another CEX that supports Open Custody Protocol(OPEN) and swap.
- If you want to buy Open Custody Protocol(OPEN) in DEX, you need to know what mainnet the DEX is built on. For example, if you want to buy Open Custody Protocol(OPEN) on Uniswap or Sushiwap that are run on Ethereum Blockchain, you should purchase ETH by fiat first and then swap. However, if you want to buy Open Custody Protocol(OPEN) on Pancakeswap which is run on Binance Smart Chain, you should purchase BNB by fiat first. By analogy, if you buy Open Custody Protocol(OPEN) from DEX run on other blockchains, you need to use fiat to buy the corresponding mainnet cryptocurrency first.
How to Buy Open Custody Protocol(OPEN) From CEX?
Since the operation procedures vary from different CEX, we can't provide you a step-by-step guide on how to buy in all the different centralized exchanges(CEX), but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges(CEX)'s official website or the app. ( Check Exchange Ranking), if CEX supports (eg. Binance) one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges(CEX)'s account. You are typically required to have a government-issued identification document. For asset security, you'd better Enable Two-step Verification.
- Step 3: Use fiat to buy USDT, ETH, or BNB. You can use the service provided by the CEX which supports OTC trading or use the financial service platform(Paypal, or Robinhood, available for US residents) that supports funding via either your bank account or credit card.
- Step 4: Transferring your USDT, ETH or BNB, etc. purchased by fiat to the CEX that supports Open Custody Protocol(OPEN) trading in spot market. If the CEX that you're using both supports purchasing USDT, ETH, or BNB via fiat, and OPEN-USDT, OPEN-ETH, or OPEN-BNB, etc, trading pair, then you can trade in the same platform and don't need to transfer to another platform that supports Open Custody Protocol(OPEN).
- Step 5: Buy Open Custody Protocol(OPEN) in spot market by USDT, ETH, or BNB.
Note: Some CEX may not available in your country or area, you'd better consult the exchange's customer service or check the announcement from exchanges. As for the tax issue, you may consult the local department for more information.
How to Buy Open Custody Protocol(OPEN) From DEX?
Each DEX may differ in its functions, however, the trading procedures are similar.
- Step 1: Go to the decentralized exchange (DEX) page
- Step 2: Download and install a Web3 crypto wallet(such as Metamask) or App wallet (such as Trust Wallet) which is supposed by the DEX. (Choose one from Top Crypto Wallet Ranking)
- Step 3: Create and set up a new wallet. (Learn more about how to use a crypto wallet, please check the learning about crypto wallats)
- Step 4: Transfer ETH, BNB, etc.(the corresponding mainnet cryptocurrency of the blockchain that DEX runs on) that purchased by fiat to your self-custody crypto wallet address. If you have the coins in your CEX wallet, find the "withdrew "option and paste the crypto wallet address, and transfer.
- Step 5: Connected your wallet to the decentralized exchange (DEX), in general, click "Connect Wallet" on the upper right side of the DEX and followed the instructions to connect.
- Step 6: Find the "Swap" option on DEX, then choose the token you want to trade from the dropdown menu in the "From" section and Open Custody Protocol(OPEN) in the "To" section, if you can't find Open Custody Protocol(OPEN) in the list, you can input the contract address of Open Custody Protocol(OPEN) and add. Next, type an amount for your "To" currency by clicking inside the input box. You can also type your "From" amount and have the "To" amount estimate automatically if you like.
- Step 7: Check the details, and click the "Swap" button. When you are ready, click the "Confirm Swap" button. Your wallet will ask you to confirm the action.
- Step 8: Done! You can see your transaction details on the block explorer.
Note: Since there are many fake tokens on the decentralized exchange (DEX), please beware of the scam token.
What to Do After I Buy Open Custody Protocol(OPEN)
Store/Hold Open Custody Protocol(OPEN)
Many investors hold their Open Custody Protocol with the expectation of it increases in value. You can store your Open Custody Protocol on your exchanges' wallets(such as Binance Wallet) or on crypto wallets( such as Trust Wallet), if you wish to store them for the long term, you can store them in a cold wallet instead of a hot wallet. ( Hot Wallets vs Cold Wallets: What's the Difference? ).
Trade Open Custody Protocol(OPEN)
You can trade Open Custody Protocol(OPEN) for other cryptocurrencies on crypto exchanges. Cex or Dex exchanges offer some trading pairs for Open Custody Protocol trading to meet your needs.
Earn Open Custody Protocol(OPEN)
Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
Transfer
Unlike sending money overseas, you can send Open Custody Protocol to anyone in the world virtually instantly.
Purchasing Goods
Some online platforms or offline shops accept crypto as payments. You can purchase good or service from these places.
Frequently Asked Questions(FAQ)
Can I buy 1 Open Custody Protocol(OPEN)?
Is Open Custody Protocol a good investment in 2026?
The crypto market is incredibly volatile like the stock market, it is not recommended to invest all your assets in crypto. Investors definitely need to evaluate the pros and cons of Open Custody Protocol. Sometimes you should do some research, for example, read the white paper of the project or check the data of historical Open Custody Protocol price or Open Custody Protocol Return On Investment(ROI). Ultimately, it depends on your appetite for risk.
How to Store Open Custody Protocol(OPEN)?
If you want to keep and hold Open Custody Protocol(OPEN) for the long term and do not plan to sell them, security may be the first thing you should consider. Although keeping them in most of the top exchanges' wallets nowadays is safer than before, with the development of security techniques, however, because of the very nature of the wallets in exchanges, they will be always online( so-called "hot wallet"), it is possible of being a hack. What's more, the exchanges shut down may cause the loss of your fund. So the safest way of storing your coins or tokens is always putting them into "Cold Wallets", it is the wallet that is totally offline. There are two types of cold wallets:
- Paper wallet: It is simply formed by using a program to randomly generate a public and private key offline and you can print them on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions.
- Hardware cold wallet: Hardware wallets are physical devices where you can store your cryptocurrency. Your crypto addresses and keys can be kept in a USB drive device, and only the person who possesses the USB drive can access the assets.
Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets.
How long does it take to buy Open Custody Protocol(OPEN)?
As for DEX, the transaction will be confirmed by the node in the network. The confirmation time depends on your gas price. If you submit with a low gas price, you can find your transaction taking a long time to process. For advice on what gas prices will result in a transaction being finalized in a reasonable amount of time, if you are using the Ethereum network, please refer to sources such as Etherscan's gas tracker, or a similar tracker for whichever network you're using.
Open Custody Protocol Price
Open Custody Protocol price today is $0.000557 with a 24-hour trading volume of $1,479,189. OPEN price is down -0.36% in the last 24 hours. It has a circulating supply of 1.01Bil OPEN coins and a max supply of 2Bil.