How to Buy Sponge (SPONGE) in 3 Simple Steps

Introduction to Buying SPONGE on OKX DEX

Purchasing SPONGE tokens is straightforward whether you're new to decentralized finance (DeFi) or an experienced trader. This guide walks you through the process using OKX's decentralized exchange (DEX) platform.

Step-by-Step Guide

Step 1: Set Up Your OKX Wallet

1. Download the OKX Wallet App
   Available as a mobile application or browser extension.
2. Create/Import a Web3 Wallet
   Follow the setup instructions to generate a new wallet or import an existing one.
   👉 Pro Tip: Always securely back up your seed phrase!

Step 2: Fund Your Wallet

• Deposit BNB (BNB Chain)
  Transfer BNB to your OKX Wallet to cover transaction fees and purchases.

  • Direct deposit via OKX Exchange
  • Receive tokens from another wallet

Step 3: Trade for SPONGE

1. Locate SPONGE
   Search by token symbol or paste its contract address directly.
   ⚠️ Caution: Verify the contract address to avoid scams.
2. Execute the Trade
   Select a payment token (e.g., USDT, ETH), enter the amount, and confirm the transaction.
3. Optional: Limit Orders
   Specify a target price using the swap interface.

Key Features of OKX DEX

FAQs

Q1: What’s the minimum investment to buy SPONGE?

A: No minimum—purchase any amount, but ensure you have enough BNB for gas fees.

Q2: How do I store SPONGE securely?

A: Use OKX’s integrated hot wallet or transfer to a hardware wallet for long-term holding.

Q3: What’s slippage tolerance?

A: The acceptable price variance during trade execution. Set higher values in volatile markets.

Q4: Can I trade SPONGE peer-to-peer?

A: Currently, SPONGE is only available via DEX swaps on OKX.

Pro Tips for DEX Trading

• Cold Wallets: Ideal for large holdings (e.g., Ledger, Trezor).
• Gas Fees: Check BNB Chain Gas Tracker before swapping.
• Security: Enable 2FA and whitelist withdrawal addresses.

👉 Start Trading SPONGE Now

Note: Cryptocurrencies involve risks. Only invest what you can afford to lose.