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Buy Orchid in the UK

Orchid

OXT
Currency=OXT.svg
£0.000GBP
Figures shown refer to the past. Past performance is not a reliable indicator of future results. Pricing data is provided by CoinJar.
OXT price calculator
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OXT

Overview

#664Popularity
UtilityAsset type
2019Active since

What is Orchid?

Buy Orchid (OXT): Orchid (OXT) creates a decentralised VPN to enhance online privacy. Learn what OXT is and why people use it.

Think of Orchid (OXT) like a new type of internet privacy tool. It's a decentralised Virtual Private Network (VPN), which means it's not controlled by any single company. Instead, it runs on a network of computers owned by different people all over the world.

Why is a decentralised VPN special?

Traditional VPNs can be tracked or even blocked. Orchid, however, is harder to control because it uses a special cryptocurrency called OXT. This token lets you pay for internet bandwidth from different providers on the Orchid network.

Think of it like this. Your internet traffic is like a package. Instead of sending it through one main road (a regular VPN), Orchid sends it through many different paths (the decentralised network), making it difficult for anyone to track where it came from or where it's going.

Why do people buy OXT?

Privacy

Orchid makes it much harder for companies or governments to see what you're doing online.

Freedom

A decentralised network is harder to censor.

Potential growth

Like other cryptocurrencies, OXT's value might increase over time.

How does Orchid work for users?

Download the Orchid app, buy some OXT, and start browsing privately. The app takes care of finding the best providers and encrypting your data.

Is OXT worth it?

If you care about online privacy and want to support a decentralised internet, OXT might be for you.

Sentiment on places like seem to be that Orchid is a promising project with innovative features, however like any project, there are things that need to be improved. Many users are excited about the potential of decentralised VPNs and are hopeful that Orchid will continue to evolve.

How to Buy Orchid on CoinJar

Create a CoinJar Account: If you don't have one, sign up and verify your identity. UK residents are required (in accordance with local legislation) to complete an assessment and to wait 24-hours (see below).

Deposit Funds: Add money to your CoinJar account using a bank transfer or debit/credit card.

Search for Orchid (OXT): Find OXT in the list of available cryptocurrencies. Enter Amount: Decide how much OXT you want to buy.

Confirm Purchase: Double-check the details and complete the transaction. Your OXT is

Protected: After buying crypto on CoinJar, consider these storage options:

CoinJar Wallet: CoinJar provides its own wallet service. It is convenient, however being an online wallet there is a risk that it may be a victim of a cyberattack. Online wallets are also called “hot wallets”.

External Wallets: If you want to hold on to your Bitcoin for a while, you can transfer your Bitcoin to an external wallet. Hardware wallets are also known as “cold wallets” (like Ledger or Trezor) and these are effective for long-term storage as they are offline and seriously difficult to hack.

CoinJar has been operating since 2013. CoinJar keeps the vast majority of customer assets in cold storage or private wallets and maintains full currency reserves at all times.

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Cash, credit or crypto?

Buy Orchid using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.

How to buy Orchid with CoinJar

Start your cryptocurrency portfolio with CoinJar by following these steps.
Step oneDownload the appGet the CoinJar app on iOS or Android.
Step twoCreate an accountCreate an account with CoinJar and verify your ID.
Step threeMake a purchaseBuy more than 60 cryptos using Faster Payments, SEPA, bank transfer, or a debit card.
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Frequently asked questions

Is OXT a digital asset?

Yes, OXT is a digital asset designed for use on the Orchid network.

What is OXT's connection to Ethereum?

OXT is an ERC-20 token, meaning it was created using the technical standard of the Ethereum network.

Is Orchid only for tech experts?

No, Orchid is designed for users of all technical levels. The app handles the complex parts.

Where can investors buy Orchid?

OXT is available on various cryptocurrency exchanges, including CoinJar.

What makes Orchid different from other VPNs?

Orchid is a peer-to-peer privacy network, meaning it's decentralized and more resistant to tracking and censorship.

Has Orchid received any investment from big companies?

Yes, Pantera Capital is one of the investors in Orchid.

What is the Orchid Protocol?

The Orchid Protocol is the set of rules and technologies that govern how the Orchid network operates.

How does Orchid make payments efficient?

Orchid uses probabilistic nanopayments, which allow for very small, fast payments to bandwidth providers.

How much OXT is available?

The circulating supply of OXT can fluctuate, so check a reliable source for the latest figures.

What is Orchid's market cap?

The market cap is the total value of all OXT in circulation. It varies with the price of OXT.

Can investors use OXT on other networks?

OXT is built on the Ethereum network, but it can be used to pay for bandwidth on the Orchid network.

Does Orchid offer a traditional banking experience?

No, but Orchid's payment system is similar to interactive online banking in terms of its user-friendliness.

How does Orchid work?

Orchid works by connecting users to a decentralized network of bandwidth providers, making it harder to track online activity.

Who created Orchid?

The Orchid team includes Dr. Steven Waterhouse, Jay Freeman, Brian J. Fox, and Gustav Simonsson.

Is there a time limit on OXT transactions?

No, OXT transactions are typically confirmed on the blockchain within 24 hours.

Are smart contracts involved in Orchid?

Yes, smart contracts are used to manage the relationship between users and bandwidth providers.

When was Orchid released?

The Orchid protocol was launched in December 2019.

What technology is Orchid built on?

Orchid is built on blockchain technology, similar to other cryptocurrencies.

Standard Risk Warning The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances;

Standard Credit Card warning  If you use a credit card to buy cryptocurrency, you would be putting borrowed money at a risk of loss. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to i

UK residents are required to complete an assessment to show they understand the risks associated with what crypto/investment they are about to buy, in accordance with local legislation. Additionally, they must wait for a 24-hour “cooling off” period, befo

Important Note for UK Residents: If you come across this article, remember that cryptocurrency investment is high-risk. Be prepared to lose your entire investment. No protection is guaranteed if things go wrong.  Remember, this article does not constitute

There is a risk that any particular stablecoin may not hold their value as against any fiat currency; or may not hold their value as against any other asset. Stablecoins carry the following risks: Depegging events: Depegging events may occur with stableco

‘Meme coins’ (e.g. DOGE, SHIB, PEPE) are crypto-assets whose value is driven primarily by community interest and online trends. Meme coins carry the following risks: Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid a

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