Buy OMG
in Romania

OMG was released in 2017 with an initial price of $0.53. It rose to $11.38 in September 2017 and started 2018 with a surprise. At the beginning of the year, OMG reached its all-time highest price of $28.35. Although it fell quickly, it was still a wonderful profit for people who had bought this coin one year earlier. 2018 didn’t end well, because OMG's price dropped to $1.25 in December. It also experienced two years of recession in 2019 and 2020. However, it seems that these years were a great time to buy OMG as a long-term investment because in 2021 it rose to $20 and became a profitable investment again. OMG price passed 2022 with almost a stable price and ended the year at $1.02. 

How well might OMG perform in the future? Will its price grow again? These are the questions that no one can answer. But people who want to buy OMG would like to know if their investment might be profitable. Since the cryptocurrency market is volatile, the future is not predictable. However, analysts and crypto experts usually give price predictions based on technical and fundamental analysis of a coin. What they predict about the future of OMG is not bad. Some of them believe OMG's price would rise to $13 by 2026, and it might reach $30 by 2030.

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).

Yes. According to Law 227/2015, transactions with virtual currencies including cryptocurrencies are legal and regulated by the Financial Supervisory Authority (ASF) and the National Bank of Romania (BNR). It is estimated that more than 423,000 people, or 2.20% of the population of Romania currently trade in the crypto markets.

Yes. According to Chapter X, Title IV of the Romanian Tax Code, the National Agency for Fiscal Administration (ANAF) states that revenues from crypto falls under the category of income from alternative sources, and profits, whether that is gains or income, are subject to Income Tax. According to the same tax code, you need to pay 10% Income Tax on both any capital gain or any additional income from your crypto investment activities in Romania, and this is if your total earnings throughout the financial year exceed 600 Lei.

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.

Anyone can use fiat currency deposits to purchase cryptocurrencies in Romania with the help of exchanges. Additionally, our exchange provides secure and fast transactions in Romania through different means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal without charging any transaction fees.