This step-by-step guide shows how to buy OMG Coin (Omisego).
If you’re looking to invest in this cryptocurrency, this tutorial is all you need to follow.
With that said, let’s begin.
Table of Contents
What Is Omisego (OMG Network)
Omisego, or OMG Network as it’s now known, is a cryptocurrency token that you can invest in. As an investor, it often pays to do some research before you invest in a project to improve your odds in the long run.
OMG Network, formerly known as Omisego, is a platform that enables projects to run faster on the Ethereum network without compromising security.
If you’re looking to transfer value on the ETH network, OMG can make for a decent trustless, non-custodial layer-2 security solution. Compared to the Ethereum network, the OMG Network fees is peanuts.
How to Buy OMG Coin
There are many ways to buy OMG coin (formerly known as Omisego).
One of the most popular and secure sources to buy OMG is a cryptocurrency exchange called Binance.
Binance has been one of the top exchanges for nearly 3 years and is one of the largest by volume. Not only does it support a range of altcoins/alternative coins, but it’s also one of the most secure platforms.
Step 1 – Creating a Binance Account:
Once you’ve entered the details, it will prompt you to verify your email address.
Log into your email account, find the verification code and get your account verified.
Step 2 – Setting It Up
Once you’ve completed the first step, you’ll be greeted by a familiar dashboard.
Before you go ahead and make a purchase, it’s always a good idea to get your identity verified. This will also secure your account and prevent unauthorized access in the future.
Follow the on-screen instructions, and your account should be ready in no time.
Step 3 – Purchase Bitcoin
You can purchase directly on Binance and buy Bitcoin directly through credit/debit cards.
The payment options may differ depending on your country, but the process is pretty much the same.
Once you’ve purchased some Bitcoins, you can either store them in your Binance wallet or exchange it for altcoins like Ethereum or, rather, OMG in this case.
See Related: How to Buy Funfair Crypto Coins | Step-By-Step Guide
Step 4 – How To Buy OMG Coin
That brings us to the final step. Here we will be exchanging/trading Bitcoin or Ethereum for Omisego (OMG).
If you’re reading this step, you already have Bitcoin/Ethereum ready in your account. If not, complete the first three steps before you begin this one.
Go to OMG’s Bitcoin pair or Ethereum pair, depending on what you already possess.
Depending on how much Omisego you may want to buy, select your options.
If you want to trade all your Bitcoin for Omisego, select 100% in the Buy options and click buy. The market option is to buy the coin/token at the current price, and the limit option is for traders looking to buy at a certain price.
Unless you’re involved in trading, you don’t need to consider the Limit Buy option. Select the percentage of Bitcoins you want to allocate to your preferred altcoin, which will sit in your hot wallet.
Final Words & Conclusion
That brings us to the conclusion of this ‘how to buy OMG coin (Omisego)’ guide. We hope this helped you make a purchase. If not, did you get stuck on any step? Or did we miss anything in this step-by-step tutorial?
Either way, let us know by leaving a quick comment down below.
Once you’ve purchased Omisego (OMG) or any other cryptocurrency of your choice, be sure to strengthen the security of your Binance account, so it’s never compromised.
A two-step authentication application like Google Authenticator should greatly help secure your account if you don’t have an existing authentication app. You can also withdraw your tokens to a compatible wallet if you don’t want to leave them on the exchange.