OmiseGO is a decentralised platform for payment services and trading of both cryptocurrencies and fiat currencies such as the US dollar or 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 long-standing company Omise Holdings from Singapore, which has specialised in financial services for people without access to a bank account since 2013.

Buying OmiseGO: What to look out for

Buying OmiseGO is very easy: We at Kryptoszene.de now explain the easiest way to buy OmiseGO. Before doing so, however, you should ask yourself the following questions:

  • Where is the best place to buy the OmiseGO Coin? Our recommendation is Libertex.
  • Do you want to 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 Euro in Germany? Buy OmiseGo Beginner’s Guide with Libertex

Unfortunately, buying Omisego is only possible on a limited number of brokers and exchanges. We have tested many exchanges and brokers for you. In the following, we will show you where you can buy OmiseGO easily and at favourable 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 wallet to buy OmiseGO. Buying OmiseGO through CFDs (Contract for Difference) makes the purchase much easier, as no wallet is needed.

In addition, the trading fees are lower with our test winner Libertex than with the real purchase of OmiseGO.

The purchase of Zcash is possible with most payment methods at Libertex. This means you can get started trading with OmiseGO quickly and easily.

Step 1: Registration

First you need to register with Libertex. Follow our link and create your Libertex account. Simply follow the registration form. After you have entered your data, 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 yet ready to buy OmiseGO.

Step 2: Deposit

In order to buy OmiseGO, you must now deposit your money at Libertex. There are many payment methods available at Libertex (only deposits with Paypal are unfortunately not possible).

Payment method/
Credit cards 
Paypal 
Instant bank transfer 
Skrill 
Neteller 
Giropay 
Bank transfer 
Other 

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

Step 3: Buy OmiseGO

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

You can also select different options for the purchase. Under 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 on “Buy”. This way you can buy OmiseGO immediately.

To invest in OmiseGO or not?

Should you buy OmiseGO or not? OmiseGO is a remarkable 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 crypto startup receives from notable figures like Vitalik Buterin and the Ethereum Foundation also make investing in the project attractive.

OmiseGO History

Transparent, peer-to-peer and real-time: these are the promises OmiseGO makes to users of the network. OmiseGO is intended 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 US dollars. In the ranking of the largest cryptocurrencies by market capitalisation on Coinmarketcap, OmiseGO’s coin OMG currently ranks 34th, with a market capitalisation of around 200 million euros.

The founder and CEO of OmniseGO is Jun Hasegawa. The 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 OmiseGO’s founders and supporters.

OmiseGO Future

With the help of Ethereum’s blockchain technology, OmiseGO wants to set up an exchange through which you are able to exchange cryptocurrencies with each other at will. But the exchange also supports fiat currencies.

Many people on this planet are still denied access to a bank account. OmiseGO aims to enable them to participate in trade across national borders.

OmiseGO emerges from the Ethereum cryptocurrency ecosphere, using an ERC-20 token and the platform’s smart contract technology. This is probably why the project is strongly supported by Ethereum.

It is precisely this support that gives us hope that the promise of OmiseGO can be fulfilled and that the start-up will achieve its goals. Especially since OmiseGO’s application serves real needs, the cryptocurrency OMG could become widespread faster than some 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 on the investor market also plays a decisive role. As long as investors are sceptical, OmiseGO will have a hard time keeping 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 gradually recovering and investing in cryptocurrencies is worthwhile again, there will be further screening. In the coming weeks and months, we will see which products will benefit from the renewed strength of the market – and which will not.

There seems to be a lot to suggest that OmiseGO could be one of the winners at the moment. On the other hand, the company has so far only been able to profit to a lesser extent from the new price high of the bitcoin.

OmiseGO Investment Advantages & Disadvantages

We think investing in OmiseGO is a good, albeit risky, option if you are looking for altcoins to add to your portfolio. OmiseGO has the following advantages & disadvantages:

  • Uses the ERC20 standard (dApps and smart contracts)
  • Cross-platform trading with cryptocurrencies and fiat money
  • Realistic application scenario with potentially huge target group
  • Social concern: People without bank accounts could benefit from technology
  • Support from experienced professionals like Vitalik Buterin
  • Lack of regulation of cryptocurrencies
  • General risk of investments in cryptocurrencies

Fees for OmiseGO purchase:

Now we show the fees when buying OmiseGO on Libertex:

  • We buy OmiseGO worth €1,000
  • We would like to hold OmiseGO for a month and then sell it again
  • We assume that the rate has not changed in the month

Here are the fees that Libertex charges:

ProviderLibertex
Depositfree of charge
Purchase fees4,4%
Holding feesfree of charge
Sales charges4,4%
Paymentfree of charge
Total fees88€

OmiseGO Current Course

Current OmiseGO exchange rate in USD6,26$
Current OmiseGO share price in EUR5,15€
Total market value in USD$888.990.103
Total market value in EUR731.905.536 €
Price change within the last 24 hours.+3,97%
Updated17.02.2021 at 22:00

OmiseGO Price History : Important Moments in the Price History of OmiseGO

The following moments were exciting in the course of OmiseGO:

  1. September 2017: OmiseGO’s share price explodes 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 crypto bull run.
  3. February & May 2018: Zcash tries to recover twice when the bubble bursts and rises to €15.58 (Feb) & €15.19 (May) but immediately falls again.
  4. December 2018: OmiseGO hits its then all-time low of €0.98 during the crypto “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 its new all-time low (€0.46 per coin), after the coin had risen to €1.18 in February.
  7. May 2020: OmiseGO surprises the market with 150% growth to €1.66 per coin.
  8. August 2020: In the current bull run, OmiseGO stands at €5.19 per coin and continues to grow.

Trade OmiseGO with or without a wallet?

You want to buy OmiseGO and wonder whether you need to buy a suitable 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 forego setting up a wallet.

No wonder: because your own wallet must be properly secured. It obliges you to think about how to protect your investment on your own. This can be time-consuming and requires initiative. Leaving your OmiseGO on your exchange platform is definitely less time-consuming.

However, this behaviour comes with an additional risk. If your exchange platform unexpectedly goes bankrupt or is hacked, or if something else unforeseen happens to it, your coins are at risk.

Since cryptocurrencies are traded unregulated in the vast majority of countries – including Germany – the exchange operators are not obliged to provide you with any guarantees. One of the great strengths of cryptocurrency is also its decentralisation. An exchange, on the other hand, as a central data and trading hub, is a highly attractive target for attackers.

That’s why we always recommend that you store your currencies in your own wallet.

OmiseGO’s coin OMG is an ERC20 token and can therefore be stored with 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 is messing directly with the banks. It uses Ethereum’s blockchain technology in a way that is clearly superior to classic transaction channels, so it is conceivable that the payment method will become firmly established in the medium term.

OmiseGO wants to enable trading across different blockchains so that you can trade with others even if they use different currencies than you own. It also threatens the business model of crypto exchanges like Binance, whose services you would no longer need if OmiseGO works.

On top of that, OmiseGO is supposed to make trading possible not only with various cryptocurrencies, but also with fiat currencies such as the euro or the US dollar.

OmiseGO is advised and supported by the Ethereum Foundation and experienced professionals like Vitalik Buterin. If OmiseGO works, it is quite conceivable that it will quickly become widely used and the value of OMG tokens will increase significantly.

How should you buy OmiseGO? Payment methods such as credit cards and even eWallets are available to you. We recommend the broker Libertex for your investment. You can find detailed instructions for this further up on this page.

Buy OmiseGO: FAQs

How to invest in OmiseGO?

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

We recommend a diversion via our test winner for buying OmiseGO. Here, buying Bitcoin is particularly easy and fast.

Can I buy OmiseGO with a credit card?

Yes, that is possible. 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 OmiseGO trading possible with Paypal

Buying OmiseGO with Paypal is also possible via the platform we recommend. Read our instructions further up on this page.

Will OmiseGO continue to grow in value?

Buy OmiseGO now, is it worth it?

This is very conceivable, because OmiseGO aims at a broad application that should clearly appeal to many people. Moreover, the project is very well advised. But of course we cannot guarantee a jump in the share price.

Do I need an OmiseGO Wallet?

If you purchase OmiseGO via one of the exchanges we recommend, you must have your own 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 cryptocurrency OmiseGO.

If in doubt, it is advisable to ask the provider directly. Most wallets now support multiple coins. However, we are not aware of a Bitcoin wallet that also supports OmiseGO.

What is the best way to invest in OmiseGO?

We recommend our test winner for OmiseGO purchases. OmiseGO is not yet listed here. However, 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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