How to Buy OMG (OMG )
Make your investments work for you: Buy and sell OMG and 40+ cryptocurrencies instantly.
How to buy OMG
Just 3 easy steps to start investing in OMG
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase OMG with PayPal, Google Pay, etc.
Choose OMG , select how much you want to buy, and make your first investment.
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Learn more about OMG
What is OMG ?
The OMG network is an Ethereum-based centralized payment system that supports different digital assets. It uses the Proof-of-Stake protocol to secure staking on its platform. The company was founded in 2013 and is called OmiseGo. Then its blockchain was launched in 2017, and the company rebranded to OMG network in 2020. The main goal of the OMG network is to facilitate the transfer of assets from different e-wallets. Its vision is also to speed up transaction time and reduce transaction fees. OmiseGo or OMG project allows users to create a wallet on their blockchain; In fact, this cryptocurrency is a software development kit (SDK).
What is OMG ?
OMG is the native coin of the OMG network. It is an ERC-20 token mainly used to facilitate payments on the OMG platform. Unlike minable coins, such as Bitcoin, OMG has a limited supply. Its maximum supply is 140.2 M tokens. At the moment, OMG coin doesn’t have any usage outside of its network. OMG coin is ranked 40th among the digital currencies listed on the Coin Market Cap site and performs well among altcoins. Especially after the support of the Thailand government, a good future for this currency is conceivable.
Is OMG reliable
OMG network uses a Proof-of-Stake protocol to process and secure transactions. It can protect the platform against hackers' attacks. However, you should still consider a secure wallet to keep your coins. Especially, if you want to keep your coins for a long-term investment. It is better to choose a hardware wallet if you want to invest in OMG and use a secure software wallet if you want to use this coin on the blockchain.
After you've bought OMG
OMG is mainly usable on the OMG platform as a utility token. People can use this coin for staking or to pay transaction fees. It is not used to pay for services or payments outside the platform.
On the other hand, for investors, the usage of a coin is the least important factor because they want to buy the coin and sell it in the future. However, coin use also can impact its price. Therefore, don’t underestimate it. If you want to keep OMG coins as an investment, read all about its past, predictions for the future, and the updates that might happen to its network. You can also follow crypto experts on social media to know their opinion and comments about OMG. In the end, if you have bought OMG and kept it in a safe and protected wallet, always check the price of the day to find the right time to sell. It is recommended the beginners start with a minimum amount and consider an exit point for their investment to avoid any loss.
Your entry to the world of crypto
Other Methods of buying OMG
Where can I buy OMG
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells OMG or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy OMG directly from another person over the web.
Crypto Exchanges are the safest places for buying OMG . You can use Blocktrade as a cheap, secure, and global exchange to buy OMG . You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase OMG with a few clicks.
How to sell OMG
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit OMG to your Blocktrade account
To sell OMG on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any OMG address.
Start selling OMG !
Once you deposited your OMG in your Blocktrade deposit address, you’ll be able to sell your OMG .
Frequently asked questions
OMG coin is used on the OmiseGo platform to pay for transactions or staking. This coin doesn’t have more usage outside its network at the moment. You can also keep this coin as an investment if you would like to start trading on the crypto market.
The OMG network is a Thailand-based company founded in 2013. Vasana Chatikavanij joined OmiseGo in 2017 after spending 7 years at the World Bank. After two years, he was elected as the CEO of the company.
The cost of buying OMG can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of OMG , you can either log in to our website and see the real-time price or check our OMG Calculator to see the price of OMG in your desired currency.
The future of cryptocurrency is not predictable. However, experts believe OMG coin has a bright long-term future. As a future investor, you should still be aware of what’s happening to the market so that you can make a better decision about buying and selling your coins.
There are several options to buy OMG such as cryptocurrency exchanges, Peer-to-peer marketplaces, OMG brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy OMG for beginners. You can easily buy OMG without any buying fees from our exchange.
The maximum supply of OMG is 140.2 M tokens and will never increase beyond this amount. 65% of tokens are out there for investors to buy, and the rest is held by the team or locked in the OMG network for funding future developments.
There is no right time to buy OMG , as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying OMG or any other cryptocurrency.