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Learn More about buying OKB in Czechia
How to buy Okb in Czechia
Is OKB a good investment in Czechia?
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 Czechia
Yes. According to the Article 4(1) of Act No. 370/2017 on Payment system, crypto assets in the Czech Republic have the status of goods (in case of purchase) or products (in case of sales) and their circulation is not prohibited. Under the same Act legislation, cryptocurrencies aren’t treated as electronic money and according to Article 2(1)(c) of the Payment System Act, they aren’t considered funds either. It is estimated that over 100,000 people in the country own cryptocurrencies.
Is Okb taxed in Czechia
Yes. According to the Czech Income Tax Act, taxable income arises in the following cases: cryptocurrency exchange for FIAT currency; sale of cryptocurrency; exchange of one cryptocurrency for another cryptocurrency (in this case it is important to realize that it represents a sale of one cryptocurrency and at the same time purchase of another cryptocurrency); and also obtaining cryptocurrency free of charge, e.g. in case of incentives for a future purchase or gift. According to the mentioned tax act, Czech citizens who use cryptocurrencies to sell goods and services must pay income taxes on those transactions. Also, Individuals who receive payments in cryptocurrencies are taxed similarly.
After you've bought Okb in Czechia
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 Czechia
Anyone. In Czechia, a more convenient method to purchase cryptocurrencies is through the exchanges. Many different means of payment such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal are available through our exchange which guarantees secure, fast and free of charge transactions.
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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.
Yes. But note that according to Czech Income Tax Act, if the taxpayers generate income from the sale of cryptocurrencies, they are obliged to file a personal income tax return. If you are selling your crypto asset in Czechia, keep in mind that our exchange charges ZERO fees for transactions.
No. According to Czech Income Tax Act, the purchase and holding of a cryptocurrency does not constitute taxable income, even if the value of the cryptocurrency increases significantly during the holding.
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.
According to Czech Income Tax Act, individuals that trade cryptocurrencies are taxed at a rate of 15%.
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.