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How to buy Olympus (OHM)

Learn how to buy Olympus (OHM) in our step-by-step guide.

Where to buy Olympus

It looks like OHM may not be available to purchase on an exchange in the US.

You can still purchase OHM by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase OHM using a decentralized exchange.
  1. Find OHM on a decentralized exchange and make sure Olympus can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for OHM using an exchange like Gemini. You will need to purchase enough ETH to swap for OHM as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for OHM on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the OHM tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Olympus wallets to store your OHM

You can keep your OHM on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your OHM below.
Read more

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Olympus a good investment?

OHM is the token that is required to facilitate any internal operation taking place within the Olypus ecosystem. Here are a few key pointers to bear in mind before investing in the asset:

  • Unique value proposition:As per the official project whitepaper whitepaper Olympus’ reserve asset ‘OHM’ is designed to help weaken the crypto market’s overt reliance of the US dollar by pegging it to alternative stores of value, all while affording users the many benefits afforded by famous stablecoins such as USDT, USDC, etc.
  • Novel liquidity creation mechanism:While a number of DeFi platforms suffer from the issue of ‘liquidity migration’, causing their financial mechanisms to time and again be faced with various operational issues, Olympus is able to mitigate this problem by owning its liquidity pool via a process call bonding — wherein the platform generates liquidity from its users in return for discounted OHM tokens.
  • No details about dev team available: Even though the project is self-governing, thanks to its use of a DAO-centric framework, it should be mentioned that there are no details about any of Olympus’ core team members.
  • Crypto-based pegging model: As per the project websitewebsite Olympus works as ‘decentralized reserve currency’ that is governed by the OHM token, with each coin being backed by a number of different cryptos including DAI, FRAX, amongst others. As a result, the asset cannot ever fall below a set intrinsic value, giving it a unique economic framework that regular stablecoins cannot achieve.
    Read more

    Today's Olympus price versus ATH

    Compare today's price of Olympus ($10.30 USD) against its all-time high (ATH) price of $1,415.26 on April 25, 2021. The closer the bar is to 100%, the closer OHM is to reaching its ATH again.

    Current price: $10.30
    All time high: $1,415.26
    1%
    99%

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