Summary: The easiest way to buy the Optimism (OP) token is through a trusted centralized exchange like Bybit. They offer low fees starting at 0.1% to trade Optimism without needing to KYC or verify your account.
How to buy Optimism Crypto
If you did not receive the Optimism Airdrop and want to buy the OP token, you will need to use a trusted centralized platform. We recommend the Bybit exchange because they offer low fees, have no KYC requirements and they are one of the most popular trading platforms in the world.
You can get started with this simple guide:
- Step 1: Sign up to the Bybit trading platform.
- Step 2: Deposit any token or fiat onto the Bybit trading platform to swap for Optimism (OP).
- Step 3: Find the Optimism (OP) token on their market and swap USDT or another currency for OP.
Once you complete your purchase, your Optimism (OP) tokens will be stored in your Bybit managed wallet. You can either leave them there, or withdraw them into a seperate wallet.
Buying Optimism on a Decentralized Exchange
We recommend avoiding buying the Optimism (OP) token on a decentralized exchange because the gas fees are high. If you use Ethereum mainnet, you will pay a minimum of $30 for a swap of any amount. Alternatively, if you bridge to Optimism from Ethereum to do a cheaper swap - you will have to pay high briding fees.
This is why centralized trading platforms like Bybit are the best way to buy OP with good trade execution.
What is Optimism (OP)?
Optimism is a Layer 2 scaling solution for Ethereum that uses Optimistic Rollups to increase transaction throughput while maintaining security. The Optimism team is led by Web3 Foundation grant recipient, Anastasia Andrianova, and former Ethereum Core developer, Whyderne Noguchi.
What is a Layer 2?
Layer 2 solutions are off-chain networks that interact with blockchains to increase transaction throughput. Layer 2 solutions are needed because blockchains like Ethereum can only process a limited number of transactions per second.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
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