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How to buy OmiseGo 2021? Our guide to buying OMG safely and affordably.

OmiseGO is a decentralised platform for payment and trading services for both cryptocurrencies and fiat currencies such as the US dollar and the euro.

It is based on Ethereum’s ERC-20 standard and is actively supported by the Ethereum Foundation. A special feature of OmiseGO is that it is directly linked to the Singapore-based company Omise Holdings, which has specialised in financial services for people without access to a bank account since 2013.

Buy OmiseGO: What to look out for

Buying OmiseGO is very easy: at Goldreward.io we now explain the easiest way to buy OmiseGO. But before that, you should ask yourself the following questions:

  • Where is the best place to buy OmiseGO Coin? Our recommendation is
  • Do you want hodle OmiseGO or daytrade? That depends on personal preference.
  • How do OmiseGO wallets work? Quite simply, Libertex has a built-in wallet.
  • Is it worth investing in OmiseGO? The OmiseGO coin is very interesting and can still grow.

How to buy OmiseGo with euros in Germany? Buy the OmiseGo beginner’s guide with Libertex

Unfortunately, the purchase of Omisego is only possible at a limited number of brokers and exchanges. We have tested many exchanges and brokers for you. Below we show you where you can buy OmiseGO easily and with the best conditions on Libertex. We will guide you through the process step by step.

We assume that you want to buy OmiseGO as a CFD. The advantage: When buying OmiseGO for real, you need a portfolio to buy OmiseGO. Buying OmiseGO via CFDs (Contract for Difference) makes the purchase much easier as you do not need a portfolio.

In addition, trading commissions on our test winner, Libertex, are lower than when you actually buy OmiseGO.

Buying Zcash is possible with most payment methods on Libertex. This means you can start trading with OmiseGO quickly and easily.

Stage 1 : Registration

First you need to register with Libertex. Follow our link and create your Libertex account. Just follow the registration form. After entering your details, you will receive an email with an activation link to confirm your account.

Of course, you can also start with a demo account at Libertex if you are not ready to buy OmiseGO yet.

Stage 2 : Dépôt

To buy OmiseGO you need to deposit your money at Libertex. There are many payment methods available at Libertex (unfortunately, only Paypal deposits are not possible).

Method of payment

 

Letters of credit

 

Paypal

 

Sofortüberweisung

 

Skrill

 

Neteller

 

Giropay

 

virement bancaire

 

Autre

 

Tip: A minimum deposit of 10 euros is already enough to buy Zcash, which makes the broker our favourite broker to buy OmiseGO.

Step 3: Buy OmiseGO

After making your deposit, you can buy OmiseGO! Simply select the OmiseGO trading pair (OMG/USD) and open your position by clicking on the Buy button.

In addition, you can select different options for the purchase. In the input mask “Limit” you can enter a desired price. If you then click on “Buy OMG”, your money will automatically be exchanged for OmiseGO (OMG) as soon as the market value you have set is reached.

Of course, you can also use the current market price. Instead of clicking on “Limit”, simply click on “Market” and then “Buy”. This way, you can buy OmiseGO immediately.

To invest or not in OmiseGO?

Should you buy OmiseGO or not? OmiseGO is an extraordinary company. It’s not just that OmiseGO’s idea is to build a service that competes directly with banks. OmiseGO’s social mission and the prominent support the cryptocurrency startup receives from notable figures such as Vitalik Buterin and the Ethereum Foundation also make investing in the project attractive.

History of OmiseGO

Transparent, peer-to-peer and real-time: these are the promises OmiseGO makes to users of the network. OmiseGO aims to enable the trading of (crypto)currencies across platforms. The OMG token first came into circulation in 2017 as part of the ICO.

The ICO raised around $35 million. In Coinmarketcap’s ranking of the largest cryptocurrencies by market capitalisation, OmiseGO’s OMG coin currently ranks 34th, with a market capitalisation of around €200 million.

The founder and CEO of OmniseGO is Jun Hasegawa. Ethereum inventors Vitalik Buterin and Gawin Wood are involved in the project, Joseph Poon (inventor of the Bitcoin Lightning network) and Julian Zawistowski (founder of Golem) are also among the founders and supporters of OmiseGO.

The future of OmiseGO

Using Ethereum’s blockchain technology, OmiseGO wants to build an exchange through which cryptocurrencies can be exchanged at will. However, fiat currencies are also supported by the exchange.

Many people on this planet have been denied access to a bank account until now. With the help of OmiseGO, they should be able to participate in the trading process across national borders.

OmiseGO emerges from the Ethereum cryptocurrency ecosphere, leveraging an ERC-20 token and the platform’s smart contract technology for itself. Probably for this reason, the project is strongly supported by Ethereum.

It is this support that gives hope that OmiseGO’s promise can be fulfilled and that the startup will achieve its goals. Especially because OmiseGO’s application serves real needs, the OMG cryptocurrency could become widespread faster than other crypto-products.

To buy OmiseGO or not?

But it is not only the business idea and the competencies of the entrepreneurs behind OmiseGO that determine the long-term success of the company. The general mood of the investor market also plays a decisive role. As long as investors are sceptical, OmiseGO will find it difficult to keep the network running.

The great hype of winter 2017/2018 was followed by a year of crisis that many cryptocurrencies did not survive. Now that the market is slowly recovering and investing in cryptocurrencies is worthwhile again, there will be a new sift. In the coming weeks and months we will see which products will benefit from the renewed market strength, and which will not.

Everything seems to indicate that OmiseGO could be one of the winners of the moment. On the other hand, the company has so far only been able to benefit to a minor extent from the new bitcoin price peak.

Advantages and disadvantages of investing in OmiseGO

We believe that investing in OmiseGO is a good, albeit risky, option if you are looking for altcoins to add to your portfolio. OmiseGO has the following pros and cons:

  • Uses ERC20 standard (dApps and Smart Contracts)
  • Cross-platform trading with cryptocurrencies and fiat money
  • Realistic application scenario with a potentially huge target group
  • Social concern: Unbanked people could benefit from technology
  • Support from experienced professionals such as Vitalik Buterin
  • Lack of regulation of cryptocurrencies
  • General risk of cryptocurrency investments

Fees for the purchase of OmiseGO:

We now show the rates when buying OmiseGO at Libertex:

  • We buy OmiseGO for 1.000 euros
  • We would like to keep OmiseGO for a month and then sell it again.
  • We assume that the price has not changed during the month.

These are the fees charged by Libertex:

Prestataire

Libertex

Dépôt

free of charge

Purchase price

4,4%

Frais de participation

free of charge

Selling price

4,4%

Payments

free of charge

Total frais

88€

Current OmiseGO course

Current OmiseGO exchange rate in USD

6,26$

Current OmiseGO share price in euros

5,15€

Total market value in USD

$888.990.103

Total market value in euro

731.905.536 €

Price change in the last 24 hours.

+3,97%

Updated

17.02.2021 at 22:00

OmiseGO’s share price history : Important moments in the history of OmiseGO’s share price

The following moments were exciting in the course of OmiseGO:

 

  1. September 2017: OmiseGO’s share price soars from €0.46 to €9.49 during the ICO.
  2. January 2018: on 08/01/2018 OmiseGO reaches its all-time high of €23.69 during the cryptocurrency bull run.
  3. February and May 2018: Zcash tries to rally twice as the bubble bursts and rises to €15.58 (February) and €15.19 (May), but immediately falls again.
  4. December 2018: OmiseGO reaches its then all-time low of €0.98 during the cryptocurrency “winter”.
  5. June 2019: OmiseGO rises to €2.17 per coin in summer 2019, but falls again.
  6. March 2020: During the Corona epidemic, OmiseGO reached a new all-time low (€0.46 per coin) after the coin rose to €1.18 in February.
  7. May 2020: OmiseGO surprises the market with a 150% growth to 1.66 euros per coin.
  8. August 2020: In the current bull run, OmiseGO stands at EUR 5.19 per coin and continues to grow.

Operate with OmiseGO with or without a wallet?

 

You want to buy OmiseGO and you wonder if you have to get a proper wallet for it? We know the answer. In fact, there are exchanges that allow you to manage and store the altcoins you buy directly in your account. This is convenient and tempts some investors to forgo the creation of a wallet.

No wonder: because a portfolio of your own must be well secured. It forces you to think about how to protect your investment on your own. This can be costly and requires initiative. Leaving your OmiseGO on your exchange platform is certainly less effort.

However, this behaviour carries an additional risk. Because if your exchange platform has to declare bankruptcy unexpectedly, or is hacked, or something unforeseen happens to it, your coins are at risk.

Since cryptocurrencies are traded unregulated in the vast majority of countries – including Germany – exchange operators are not obliged to offer you any collateral. One of the great strengths of cryptocurrencies is also their decentralisation. On the other hand, an exchange, as a data and trading centre, is a very attractive target for attackers.

This is why we always recommend that you store your coins in your own wallet.

The OmiseGO OMG coin is an ERC20 token and can therefore be stored using myetherwallet. To increase the security of your access, it is also recommended to use a hardware wallet, for example from Ledger.

Conclusion:

To buy OmiseGO or not? OmiseGO messes with banks directly. It uses Ethereum’s blockchain technology in a way that is clearly superior to classic transaction methods, so it is conceivable that the payment method will become firmly established in the medium term.

OmiseGO wants to allow trading across different blockchains, so you can trade with others even if they use different currencies than you. It also threatens the business model of cryptocurrency exchanges like Binance, whose services you would no longer have to rely on if OmiseGO works.

In addition, OmiseGO is supposed to make it possible to trade not only with various cryptocurrencies, but also with fiat currencies such as the euro or the US dollar.

OmiseGO has the advice and support of the Ethereum Foundation and experienced professionals such as Vitalik Buterin. If OmiseGO works, it is very likely that its use will quickly become widespread and that the value of OMG tokens will increase considerably.

How should I buy OmiseGO now? Payment methods such as credit cards and even e-wallets are available. We recommend the broker Libertex for your investment. You can find detailed instructions for this above on this page.

Buy OmiseGO: Frequently Asked Questions

How to invest in OmiseGO?

How to buy OmiseGO? The OMG token can be purchased with real money or cryptocurrencies on the platforms described above.

We recommend a detour through our test winner to buy OmiseGO. Here, buying Bitcoin is particularly easy and fast.

 

Can I buy OmiseGO with a credit card?

Yes, you can. You can buy OmiseGO with a credit card on Binance, for example. With our test winner, you can buy Bitcoin with a credit card and then exchange it for OmiseGO on another exchange.

 

Is it possible to trade OmiseGO with Paypal?

Buying OmiseGO with Paypal is also possible through our recommended platform. Read our instructions above on this page.

 

Will the value of OmiseGO continue to increase?

Buy OmiseGO now, is it worth it?

This is quite conceivable, as OmiseGO aims at a broad application that should clearly appeal to many people. In addition, the project is very well advised. However, we cannot guarantee a price jump, of course.

 

Do I need an OmiseGO wallet?

If you buy OmiseGO through one of our recommended exchanges, it is mandatory to have a wallet. This is not a disadvantage: a wallet protects you from eventualities such as the unexpected insolvency of your exchange platform.

 

Can I use my Bitcoin wallet?

That depends on whether your wallet also supports the OmiseGO cryptocurrency.

If in doubt, it is advisable to ask the supplier directly. Most wallets now support multiple currencies. However, we are not aware of any Bitcoin wallet that is also compatible with OmiseGO.

 

What is the best way to invest in OmiseGO?

We recommend our test winner for OmiseGO purchases. OmiseGO is not yet on the list. But you can use the wallet very well as a hub for your investments. In combination with other exchanges like Binance, you can acquire almost any cryptocurrency in no time.

 

 

 

 

 

 

 

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