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 Shy
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Shy
9HXzNA...5mKH
AED0.00032443
AED0.00015879 (+95.87%)
Last updated on --.
How to buy Shy on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy Shy.
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 Shy?
Shy 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, you use Shy tokens. It exists to make online transactions easier and faster, solving the problem of slow and expensive traditional methods. Shy allows people to send and receive value globally, like sending a digital postcard that arrives instantly.
How can I buy Shy?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity by providing necessary documents as per U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Once your account is funded, search for Shy in the marketplace. 5) Place a buy order by entering the amount of Shy you wish to purchase and confirm the transaction.
Why do people buy Shy?
People buy Shy for its practical uses, like sending value quickly across borders or using it in apps that accept Shy. It's part of a growing digital ecosystem where more services and platforms are adopting it. Shy can also be used for participating in decentralized applications, offering a new way to interact with technology. However, it's important to understand that its value can change, and it's not a get-rich-quick scheme.
Things to know before buying Shy in the United States
In the United States, cryptocurrencies like Shy are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when buying. Be aware of tax implications; any gains from selling Shy or income from activities like staking may be subject to capital gains tax. It's crucial to keep records of your transactions for tax reporting purposes.
What are other ways to own Shy?
You can obtain Shy without buying it by participating in airdrops, where tokens are distributed for free to promote a project. Some platforms offer Learn-and-Earn programs, rewarding you with Shy for completing educational tasks. Participating in network activities like staking or providing liquidity can also earn you Shy. These methods require effort and understanding of the risks involved, such as market volatility.
How can I store my Shy?
To keep your Shy safe, you can use custodial wallets, where a service holds your tokens, or non-custodial wallets, where you control them. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet and keep recovery phrases safe. Use strong passwords and enable two-factor authentication to protect your assets from loss or theft.
Why should I buy Shy on OKX in the UAE?
Learn more about the security measures keeping your Shy 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 Shy (Shy)
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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 Shy (Shy) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for Shy (Shy)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select Shy (Shy) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for Shy (Shy)
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.