OKB Payments

What is OKB payment?

In 2019, one of the biggest crypto exchanges worldwide, OKEx, issued its token OKB, which over the two years has reached the market cap of more than $800 million. The OKEx created the token on the Ethereum blockchain using the ERC-20 standard, which implies that every single token is equal to others. As a utility token, OKB performs a variety of functions, including providing transaction fee discounts and voting rights.

Yet, OKB has numerous applications beyond the OKEx ecosystem since it also acts as a viable payment currency in many projects. For instance, Aeron is one of the main OKB partners, a company that offers blockchain solutions for ensuring safety and risk reduction for airlines. Thanks to the OKEx API, any offline and online merchant interested in accepting OKB can do it.

In 2020, OKEx teamed up with NOWPayments to make the OKB cryptocurrency a payment option for merchants.

OKB Payment Benefits:

Decreasing Supply
OKB is a deflationary token which means that its supply is constantly being reduced through developers’ actions. Namely, OKEx periodically buys back and burns the tokens by sending them to a black-hole address.
OKEx Earn
OKEx Earn is a special program that allows people who hold OKB to earn interest on their funds.
OKEx Discounts
OKEx is a platform that not only features an exchange service but also allows users to trade derivatives. Traders can save up to 25% on trading fees by holding a sum of OKB in their account.

OKB provides multiple opportunities for investing and using it as a payment method. Additionally, the token has a team of professional developers behind it who work tirelessly on improving it for the customers.

Businesses can derive a lot of value from accepting this token. Get your own OKB payment gateway up and running by following these steps:

First, you need to sign up for a NOWPayments account. The process shouldn’t take more than a minute!
Next, go to Store Settings to enter your wallet address and add a new API key.
Paste this API key in the required place for any type of OKB payment gateway. It can be our widget, button, or invoice module.
The integration will be active on your website, and you’re ready to accept cryptocurrency payments.

OKB is promoted by one of the largest crypto exchanges, which means that it will not lose support and thus can safely function as a payment method.

Set up account

Choose your
integration

Place the pay button
on your website

Get profit

Frequently Asked Questions

What is the service fee?

The service is fee is one of the lowest available and it depends on your discount. It goes up to 0.5%. To keep our service available to holders of many cryptocurrencies, we enable automated crypto conversions. If there is such a conversion involved during the transaction, our exchange partner can also charge a fee of up to 0.5%.

What is the minimum payment amount?

With the exception of several coins, the minimum payment varies between $3 and $5. The minimum amount varies based on the transaction pair involved. However, we work to provide the best possible service, and we try to lower these amounts whenever we can!

Do you accept coins other than OKB?

Yes, we do! A whole lot of them, actually, We also keep an eye on the crypto market and add support for new coins you can use to receive payments on your website! Even if certain coins aren’t officially supported by NOWPayments, we often use automated exchanges to make sure your customers don’t leave your website because the coin is not supported! To use other cryptocurrencies instead of OKB, navigate here and choose a supported coin from the list!

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Accept OKB Payments

What is OKB payment?

OKB Payment Methods

OKB widget

OKB button

Invoices

API

Plugins

Frequently Asked Questions

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