Trusted by Okb buyers, you can buy and trade Okb in Brazil and 100+ countries on Blocktrade without any fees easily.
Your entry to the world of crypto
Learn More about buying OKB in Brazil
How to buy Okb in Brazil
Is OKB a good investment in Brazil?
OKB was released in 2019 with an initial price of $2.60. It was stable until February 2020 when it
reached $7.51. OKB sounded like a wonderful investment for people who had bought this coin at its
initial price because they could triple their profit in less than a year. However, it didn’t last for a long
time and the price started to drop again and ended the year with almost $5 per token. 2021 set a record
for OKB, and its price rose to its highest value of $34.31 in May but quickly fell to $10. This year had
many ups and downs for this coin, and OKB's price ended the year at $30. Unlike most of the
cryptocurrencies that had almost a recess year in 2022, the OKB price didn’t drop so much and ended
the year with a value of $27.
The OKB had several profitable moments in its history. But the past is past, and now we should think
about the future. If you want to buy OKB now, you might be curious about its probable future. Will it be
a profitable investment? No one can tell you the answer to this question because the future of
cryptocurrency is unpredictable. However, experts and analysts usually give predictions about the price
of a coin in the future. Most of them believe that the average price of OKB might be around $93 by
2025, and if nothing happens to the cryptocurrency world, it might reach $500 per token by 2030.
However, you should still know that these are just predictions, and may not be 100% reachable.
What is Okb ?
OKX (or OKEx) is a worldwide exchange launched in 2014, which offers its users trade with more than
100 kinds of tokens. Since it has more than $1 billion in daily trade, it is the third biggest exchange by
volume. Like other exchanges, OKX also allows people to buy, sell, trade, and invest in cryptocurrencies
via web and mobile applications.
Is Okb legal to buy in Brazil
Yes, it is legal to buy and own cryptocurrencies in Brazil. According to a publication by the
Central Bank of Brazil on the Distributed Ledger Technologies, the benefits of the application of
blockchains is mentioned and the use of blockchain technology is stated as valuable for the
creation of decentralized payment systems, particularly in the form of cryptocurrencies. It is also
stated in the above-mentioned article that cryptography and consensus systems are applicable
to this digital representation of real world assets, as in payment systems.
Is Okb taxed in Brazil
Yes. In Brazil, the taxation of cryptocurrency is governed by the federal tax law contained in the
Brazilian Tax Code (Lei n° 5.172/1966) and by additional regulations issued by the Brazilian
Federal Revenue Service. The specific provisions regarding the taxation of cryptocurrency can
be found in Normative Instruction (IN) 1.888/2019 issued by the Federal Revenue Service. This
instruction sets out the rules and procedures for the taxation of cryptocurrency transactions in
Brazil, including the treatment of capital gains, the reporting of cryptocurrency transactions, and
the determination of tax liability.
According to the above-mentioned taxation laws, cryptocurrency is taxed as a financial asset.
This means that any capital gains made from the sale or exchange of cryptocurrencies are
subject to a 15% taxation rate. If the holding period of the cryptocurrency is less than 365 days,
the gains are considered short term and are taxed as ordinary income. If the holding period is
longer than 365 days, the gains are considered long-term and are taxed at a more favorable
rate. In addition, cryptocurrency transactions that exceed a value of R$35,000 ($6,500) in a
given month are subject to a tax reporting obligation. but please note that the regulations are
always subject to change and it is recommended to consult tax experts in order to receive up to
After you've bought Okb in Brazil
OKB's main usage is on the OKX exchange as a utility token. People can use OKB to buy other
cryptocurrencies on this exchange. They will also receive a discount on this exchange if they use its
official token for trading. At this moment, OKB doesn’t have any usage outside this exchange. However,
in the future, this condition might change, and you may be able to use this coin to purchase things.
Most crypto buyers want to keep these coins as an investment. OKB can be a good investment too. You
can hold these coins in a secure wallet until it is the right time to sell and receive profit. However, you
should keep an eye on this market to understand when is the suitable time to sell your coins.
Furthermore, if you are a beginner, we recommend you start your investment with the minimum
amount to avoid losing much money. By the way, you should know that the crypto market is so volatile,
and you should be more aware of what you are doing in this world.
Who can buy Okb in Brazil
In Brazil, anyone can buy and own cryptocurrencies, including individuals, companies, and legal
entities. There are no restrictions or limitations on who can purchase cryptocurrencies. In Brazil,
there are also Over-the-counter (OTC) providers who sell you crypto currencies but you should
know that the most popular and convenient way to buy cryptocurrency in Brazil is through a
cryptocurrency exchange. On this note, our exchange is one of the most secure service
providers when it comes to buying crypto assets in Brazil. In such a circumstance, our exchange
is a reliable and secure option for purchasing cryptocurrency in Brazil. It operates legally and
provides a variety of well-known and quick payment methods, such as Apple Pay, Google Pay,
credit card, debit card, bank transfer, and PayPal, with no transaction fees for cost-
Buy Okb at your ease
Payment methods to buy Okb in Brazil
Just 3 easy steps to your first investment in Okb
Sign up and verify
Make your first
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Brazil
Frequently asked questions
Apart from its official exchange, you can buy OKB on other exchanges too. This token is available on the
blocktrade exchange at the cheapest price. Since you don’t need to pay any processing fee on this
exchange, buying OKB from Blocktrade will be more cost-effective for you.
In Brazil, cryptocurrency transactions must be reported for tax purposes. You need to keep
detailed records of all your cryptocurrency transactions, including the date, amount, and type of
transaction. Then, determine your capital gains and calculate it by subtracting the cost basis
(the price you paid for the cryptocurrency) from the sale price. Next, file an annual tax return by
reporting your capital gains from cryptocurrency transactions on your annual tax return
(Declaração de Imposto de Renda). After that, you should declare cryptocurrency holdings, if
you hold cryptocurrency with a total value exceeding R$35,000 ($6,500) at the end of a given
month, you are required to declare your holdings to the Federal Revenue Service. If you have a
taxable capital gain from cryptocurrency transactions, you must pay the appropriate taxes to the
Also, it is recommended to consult a tax professional or financial advisor if you have further
questions or concerns about the tax implications of your cryptocurrency transactions in Brazil.
Yes, you can exchange your cryptocurrency into cash in Brazil. The most common and
convenient way to exchange your cryptocurrency into cash in Brazil is through a cryptocurrency
exchange like ours. All you need to do is to transfer your cryptocurrency to our exchange by
sending it from your digital wallet to the exchange's wallet address (you don’t need to do this if
you are already using our exchange’s internal wallet). Then, you can sell your cryptocurrency
assets for Euros. Finally, you can withdraw the cash from our exchange to your bank account.
Also, it is worth mentioning that all your trading transactions are free of transaction fee charge
within our exchange.
Officially, the company is registered in Seychelles, but the headquarter is in Malta. The OKB was
founded by a Chinese programmer Star Xu, who worked for Yahoo and Alibaba before founding OKEx.
The exact number of people in Brazil who own crypto assets is not publicly available. However,
it is estimated that over 10 million people, 4.9% of Brazil's total population, currently own some
kind of cryptocurrency assets. According to some studies and reports, the number of people in
Brazil investing in cryptocurrencies has been growing in recent years, driven by factors such as
increasing awareness and adoption, market performance, and investment opportunities.
The future of cryptocurrencies is unpredictable because this world is so risky and volatile. No one can
tell you if OKB can be a profitable investment or the mostly-used coin in the following years. However,
some predictions believe OKB would act as well as it is today in the next ten years.