Discover how to buy SATS (SATS) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
SATS (SATS) is currently at
$0.000000016080
$0.00000000019000 (+1.18%)
Last updated on --.
How can I buy SATS on OKX?
Whether you're new to crypto or an experienced trader, you can buy SATS using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose SATS
Select SATS and buy using your chosen method.
Step four
Receive your SATS
Confirm your purchase and store your SATS in your portfolio.
What's SATS?
SATS is a tiny piece of Bitcoin, like a penny is to a dollar. It exists to make using Bitcoin easier for small transactions. Imagine you want to buy a candy, but Bitcoin is like a big gold bar. SATS lets you use just a small piece of that bar. It helps people use Bitcoin for everyday things without needing a whole lot of it.
How can I buy SATS?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Complete identity verification as required by U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Navigate to the trading section and search for SATS. 5) Place a buy order by entering the amount of SATS you wish to purchase and confirm the transaction.
Why do people buy SATS?
People buy SATS to use Bitcoin in smaller amounts for everyday transactions. It's useful for making micro-payments or tipping online. SATS is part of the Bitcoin ecosystem, which is widely recognized and used globally. It allows users to participate in the digital currency world without needing to buy a whole Bitcoin, making it more accessible and practical for daily use.
Things to know before buying SATS in the United States
In the U.S., cryptocurrencies like SATS are legal but regulated. You must complete KYC/AML verification when buying. Cryptocurrencies are subject to taxes, such as capital gains tax when you sell for more than you paid. Income from activities like staking may also be taxable. Always keep records of your transactions for tax purposes and consult a tax professional if needed.
What are other ways to own SATS?
You can earn SATS through various programs without buying it directly. Participate in airdrops, where free tokens are distributed to users. Join Learn-and-Earn programs to gain SATS by completing educational tasks. Some platforms offer SATS as rewards for staking or providing liquidity. Be aware that these methods may require effort, time, and understanding of the risks involved.
How can I store my SATS?
To keep your SATS safe, you can use custodial wallets, where a service holds them for you, or non-custodial wallets, where you control them. Hot wallets are online and convenient but less secure. Cold wallets are offline and more secure but less convenient. Always back up your wallet, keep your recovery phrase safe, and use strong passwords to protect your SATS from loss or theft.
Why should I buy SATS on OKX?
Learn more about the security measures keeping your SATS safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy SATS (SATS)
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How to get SATS for free
Invite friends, earn rewards
See how you can get free SATS when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your SATS grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade SATS
Take advantage of price fluctuations and trade your SATS for other cryptocurrencies.
Send SATS
Send your SATS anywhere, anytime with fast, low-cost transfers.
Spend SATS
Use your SATS to pay for goods, services, and experiences seamlessly.
Hold SATS
If you think your SATS will increase in value, you can hold onto it.
Sell SATS
Convert your SATS to cash quickly and securely.
How to buy SATS (SATS) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy SATS SATS safely on a trusted exchange like OKX.
Choose the best exchange to buy SATS (SATS) depending on your individual needs. Factors to consider when picking the best place to buy SATS (SATS) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping SATS. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell SATS (SATS), as well as fiat withdrawal options.
This depends on the method you use to convert SATS (SATS) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
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.