What is Optimism (OP)?
OP is the governance token of Optimism, which is a layer-2 optimistic rollup scaling solution for the Ethereum network. As a scaling solution, Optimism intends to leverage Ethereum’s security while improving its transaction throughput, latency, and costs. Developers can build dApps on Optimism as they would on Ethereum, and those dApps should operate at reduced costs due to Optimism’s rollup technology. The OP token was first issued in May 2022 as means of introducing the Optimism Collective to the community to accommodate DAO governance through on-chain voting.You can buy and sell OP for any major cryptocurrency – like ETH and XRP – or traditional currency such as Canadian Dollar, US Dollar. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade OP for ETH the same way you trade CAD for USD. You can also trade OP to CAD based on the OP price. To learn how to buy Optimism / OP, scroll down to see how to buy Optimism.
How to buy Optimism (OP)?
Here's how to buy Optimism on Coinsquare
To buy Optimism, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying OP. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select OP from the list on the trade section
Coinsquare lets you trade OP without leaving the app. You can also check the Optimism price and convert OP to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the OP price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Optimism (OP)
Congratulations! You’re now the proud owner of OP. You can either HODL or use it to exchange OP to CAD.
Where do I keep my Optimism (OP)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Optimism (OP) to your portfolio?
Create your account, fund it with spare change and get a little bit of OP.
