How to Buy Optimism (OP)

Interested in buying Optimism (OP) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Optimism (OP) instantly wherever you are! Check out all the ways you can buy OP on KuCoin.

Buy Optimism (OP) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Optimism (OP)

Use a variety of payment options to buy Optimism on KuCoin. We'll show you how.

Choose How You Want to Buy Optimism on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Optimism (OP).

Buy Optimism (OP) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Optimism (OP). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Optimism (OP) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Optimism (OP).

Tip: KuCoin offers a variety of order types to buy Optimism (OP) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Optimism (OP) in your Trading Account.

Get Your First Optimism (OP) with KuCoin

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How to Store Optimism (OP)

The best way to store Optimism (OP) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Optimism (OP).

Store Optimism in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Optimism in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Optimism (OP) to a non-custodial wallet. Storing Optimism (OP) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Optimism (OP) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Optimism (OP).

What Can You Do with Optimism (OP) on KuCoin?

Hold

Store your Optimism (OP) in your KuCoin account.

Trade

Trade Optimism (OP) in the spot and futures markets.

Earn

Earn passive income by staking or lending Optimism (OP).

Why Is KuCoin the Best Platform to Buy Optimism (OP)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Optimism and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Optimism (OP) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain OP in an instant when you buy on KuCoin.

FAQ

What Can Optimism’s OP Crypto Be Used For?

As the native token of Optimism, the OP token has several functions, including:

Governance Token

Holding the OP token can give you voting rights to decide on proposals for upgrading the Optimism ecosystem. OP governs upgrades of Optimism, allowing the platform to operate in a more decentralized model and empowering you to have a say on how it evolves in the future. You can also delegate your OP voting power to other participants within the network.

Crypto Asset to Trade and HODL

As the native cryptocurrency of one of the most popular Layer-2 scaling solutions for the Ethereum ecosystem, the OP token is backed by solid adoption, unlike most new cryptocurrencies that back new projects. You can buy or sell Optimism against other cryptocurrencies and fiat currencies, or even HODL OP in the long term. Always check the real-time Optimism price, market cap, and 24-hour trading volume and perform fundamental, technical, and sentiment analysis on the OP price chart before trading the crypto.

Earn Passive Income

You can grow your OP holdings via KuCoin’s Crypto Lending feature. Head to the page and look for the Optimism token from our list of options.

Enter the number of OP tokens you wish to lend liquidity on KuCoin and select the duration from 7 days, 14 days, or 28 days. You can then get information on the daily interest rate and the estimated profits before confirming the transaction.

Is Optimism (OP) a Good Investment?

The Optimism token promises to be one of the most exciting cryptocurrencies to keep an eye on in 2022 among the new releases. This is because its decentralized ecosystem already enjoys a high adoption rate among developers and users.

Optimism’s DeFi TVL alone stands at over $350 million as of June 2022. The uptick in adopting Optimistic Rollup technology will likely continue amid the delay in the launch of Ethereum 2.0 or the migration of the Ethereum blockchain from PoW consensus to PoS.

As long as Ethereum faces issues related to network congestion and high gas fees, Layer-2 scaling solutions like Optimism will enjoy high demand among projects looking for higher scalability and lower costs. This is the crucial reason that can keep the Optimism price and market cap supported and make OP a worthwhile digital asset to invest in.

In addition, the widespread adoption of blockchain-based Web 3.0 dApps can further push up the Optimism ecosystem's demand and increase the Optimism price and market cap in the future. This could also positively boost OP price statistics and make it an attractive crypto to include in your portfolio.

Who is Eligible for Optimism OP Airdrops?

Optimism’s team of developers has set aside 19% of OP total supply to be distributed as airdrops shortly after its launch. The following crypto investors are eligible to receive the initial token supply via airdrops of OP crypto:

Optimism Users

You qualify for an OP airdrop if you have used the Optimism bridge to transfer tokens between the ecosystem and Ethereum. Only users who have used the Optimism bridge before 23 June 2021 at least once or who have used the service more than once between 23 June 2021 and 25 March 2022 can receive free airdrops of Optimism tokens.

Repeat Optimism User

If you have used dApps on the Optimism ecosystem over at least four weeks between 23 June 2021 and 25 March 2022, you are eligible to claim OP airdrops.

DAO Voter

If you actively participate in voting and governance on Layer-1, you can claim OP tokens in the airdrop.

Multi-sig Signers

As a user who controls large pools of crypto funds or is responsible for key protocol functions, you could receive an airdrop of Optimism crypto.

Users Who Have Donated to Gitcoin Grants on L1

Optimism will also airdrop OP tokens to users who have contributed to Gitcoin Grants on Layer 1.

Priced Out of Ethereum

You are eligible for OP airdrops if you are an active user on the Ethereum network and frequently use bridges because of high gas fees.

How to Claim OP Airdrop

You can claim OP airdrops by connecting your crypto wallet to the Optimism app. Currently, the interface only supports MetaMask, WalletConnect, and Coinbase Wallet accounts.

However, more wallets will be added over time. There is also an option to suggest a wallet you would like the team of developers at Optimism to add to this service.

Optimism (OP) Price Analysis

Live Price

The live price of OP is 1.61 USD, representing a decrease of -4.73% in the past 7 days and -3.12% decrease in the past 24 hours.

Historical Trends

The all-time high of OP was -- USD on Invalid date, from which the coin is now down .
The all-time low of OP was -- USD, from which the coin is now up .

ATL --

ATH --

How to Buy Other Crypto Assets

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Disclaimer

Given the nature of the crypto market, the price of Optimism (OP) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.