How to buy, sell and trade OmiseGO (OMG) in the US | finder.com
Omisego Logo

How to buy, sell and trade OmiseGO (OMG) in the US

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Learn more about where you can buy the OMG token, how it works and what you need to know before buying.

Omise, the team behind OmiseGO (OMG), aims to create a blockchain-based electronic payments platform that accepts all kinds of fiat and cryptocurrencies. Omise seeks to facilitate exchanges around the world at lower costs than traditional payment platforms. Although trading activities on the platform will take place on existing blockchains, primarily the Ethereum (ETH) blockchain, Omise plans to create its own blockchain to streamline cross-blockchain transactions. With the OMG token, you can participate in validating transactions on the OmiseGO blockchain and earn fees in the process.

If you want to learn more about buying OMG, how OMG works and things to consider before buying it, keep reading.

Live OmiseGO (OMG) price

Loading…

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy, sell and trade OMG in the US

You can buy and trade OMG on several cryptocurrency exchanges, including the following:

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Abra Cryptocurrency App
Bank transfer (ACH)
Cash
Credit card
Cryptocurrency
Wire transfer
AUD, USD, GBP, EUR, JPY, SGD, HKD & 40+ more
BTC, BCH, ETH, XRP, ETC, LTC, XLM, ADA, BTG, TRX, REP, BAT, DASH, DGB, DOGE, GNT, LSK, XMR, XEM, NEO, OMG, QTUM, SNT, STRAT, TRX, XVG, VTC, ZEC, ZRX
Buy and hold 28+ cryptocurrencies and more than 50 different fiat currencies in this all-in-one wallet and exchange app.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, MIOTA, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
Buy and trade 30+ cryptocurrencies with no deposit fees.
Cashlib
Credit card
Debit card
Neosurf
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD, LOC, ZEN & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Mercatox Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Yandex Money
USD, EUR, RUB
BTC, XRB, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, VERI, LOC, NUA, PKT, PPT, ICO & 80+ more
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
Cryptopia Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, ETH, LTC, DOGE, NEO, XMR, POWR, DASH, PIVX, XEM, OMG, GNT, ZEN, NRG, SMART & 500+ more
Buy and sell hundreds of cryptocurrencies with minimal verification on this all-in-one, New Zealand-based exchange.
Altcoin.io Decentralised Exchange
Cryptocurrency
-
*Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more
Launching in 2018, Altcoin.io is a decentralised peer-to-peer cryptocurrency exchange powered by atomic swaps. Sign up now for early access.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.
Poloniex Digital Asset Exchange
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
Cryptocurrency
-
EOS, RFR, CS, AUC, BEE, BANCA, CNN, EOSDAC, FSN, NBAI, TRAC, VET, XBP & 60+ more
Stellarport Exchange
Cryptocurrency
-
XLM, BTC, BCH, USDT, OMG, ZRX, KIN, MOBI & more
Stellarport taps into the Stellar Decentralised Exchange to provide buyers and sellers with access to XLM and various other cryptocurrencies.
DDEX Cryptocurrency Exchange
DDEX Cryptocurrency Exchange
Cryptocurrency
-
EOS, XYO, NPXS, HOT, CNN, ZRX, KIN, NCT, BAX, ZCO, NBAI, POLY, POE, TFD, REN, LBA, TOMO, LND, REQ, IOST, ORI, & 20+ more
EtherDelta Cryptocurrency Exchange
EtherDelta Cryptocurrency Exchange
Cryptocurrency
-
VERI, EOS, KIN, PLR, PPP, SXDT, POLY, ASTRO, OMG, EDT, NAS, ZIL, GMT, MAN, REAL, PAY, VEE, MYST, & 30+ more
BC Bitcoin Cryptocurrency Exchange
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
GBP, EUR, USD
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 70 different cryptocurrencies.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-
ETH, BTC, EOS, XRP, LTC, GOT, SRCOIN, ABYSS, CONI, ORME, PAL, VME, ZIPT, CTXC, PCH ,CNN, OMX, MOAC, ATX, SENC, ESS, SWTC, TEN, DOCK, ALX, NPXS, ETK, CS, TSL,ETP , OMG, AE, XNK, CMT, BCD, BKX, TCT, BCH, AIDOC, ETC, ADI, SEELE, CREDO, NBAI, BSTN, TRUE, LUC, GETX, IVY, SMART, TRF, TRX, STQ, BEZ, TNB, NCASH, MT, IHT, ABT,TTT, CAN, MTN, HLC, INK ,FND, PLAY, NULS, MDA, RCT

Compare up to 4 providers


A step-by-step guide to buying OMG

If you want to know how to buy OMG on an exchange, you might follow this example:

Step 1. Create an account on a cryptocurrency exchange that lists OMG

Select a cryptocurrency exchange that enables trading with OMG using either fiat currencies or cryptocurrencies. For US dollar exchanges, both Mercatox and YObit allow you to pay in USD.

When you create an account at an exchange, you might have to provide your email address and password.

To keep your coins secure, you should enable 2-factor authentication for your account. Some exchanges require you to submit additional documents, such as photo ID, before you can begin trading.

Step 2. Deposit funds into your account

The process of depositing funds to your account varies between exchanges. This process typically involves using the exchange’s deposit feature, where you choose the currency you want to deposit. You may then be prompted to enter the receiving address of your exchange wallet.

Note that if you wish to buy OMG from an exchange that does not accept fiat currency, you will have to acquire cryptocurrency first to be able to deposit cryptocurrency funds into this exchange. To learn how to get started with this, check out our guides:

You would then transfer your cryptocurrency bought with fiat currency (such as USD) to your wallet on an exchange that lists OMG.

Step 3. Buying OMG

Ensure that you have received your deposited funds in your wallet. After this, you can proceed to buy OMG. Again, the process may vary slightly between exchanges, but the usual way involves navigating to the trading page. Then, you would select the appropriate trading pair (such as OMG/ETH if you wish to exchange ETH for OMG, or OMG/USD if you wish to buy OMG with USD). Next, you would specify the details of your order, such as the amount you wish to exchange, before hitting a buy button to purchase OMG.


How to sell OMG

Depending on the exchange, there might only be slight differences in the buying and selling processes. In many cases, you are only required to enter a trading pair, such as OMG/ETH or OMG/USD. You would then specify the selling details, such as the quantity to be sold, before you hit the sell button to sell your OMG holdings.


Which wallets can I use to hold OMG?

OMG is ERC20 compatible, as it is based on the Ethereum (ETH) network. Wallets that can hold ERC20 coins should hence be able to support OMG as well. The following are some of the available ERC20-compatible wallets:

Name Product Wallet type Supported Cryptocurrencies
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
Hardware
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM, HSR, DGB, QTUM, PIVX, POSW, EOS, TRX, PPC, BTCP, ZEN, XZC, MIOTA, POA, RSK, kUSD, VET, ICX, PART, ONT, WAN
Colour bundle offer: Up to 30% off when you buy 2 or more
Buy 1 black + 1 colour = 20% off
Buy 1 black + 2 or more colour = 30% off

Securely store some of the world's most popular cryptocurrencies on the Ledger Nano S hardware wallet.
Web
ETH, ETC, EOS & ERC20 tokens
MyEtherWallet (MEW) is a free, open source tool for creating wallets that work with the Ethereum platform.
Desktop Client
BTC, BCH, BTG, LTC, ETH, DASH, ETC, VTC, FUN, DCR, EOS, ANT, GNO, OMG, BAT & 15+ more
Founded in July 2016, this free desktop wallet offers support for multiple cryptocurrencies including live chart tracking features.
Desktop Client
Mobile
BTC, ETH, EOS, TRX, FUN, VET, REP, OMG ERC20 tokens &500+ more
Offering support for nearly 500 cryptocurrencies, this HD mobile wallet is user-friendly and gives you full control of your private keys.

Compare up to 4 providers


How OMG works

OmiseGO is a subsidiary of Omise, a leading payment gateway in East and Southeast Asia. Established in 2013, the developers of OmiseGO recognized that the blockchain had the potential to address interoperability problems among payment services. It counts Ethereum founders Vitalik Buterin and Gavin Wood among its advisors. Joseph Poon, the creator of the Lightning Network and Plasma, wrote the OmiseGO white paper and is the designer of the OmiseGO blockchain.

To send money to someone else in another country using traditional financial systems, senders have to pay transaction fees. Moreover, the money is converted to local currency before it reaches the recipient’s hands.

While mobile wallets have the capability to address this issue, mobile wallet platforms are not interoperable. This means that if the sender and recipient are on different mobile platforms, sending and receiving money remains virtually impossible.

OmiseGO aims to change all this with a global platform that offers real-time, peer-to-peer value exchange and payment services, regardless of the currency and asset type used.

Note that Omise does not own the OmiseGO platform, which will remain freely available to anyone, just like the bitcoin and Ethereum blockchains.

Learn more about OMG in our introductory guide.


Real-world applications for OMG

OmiseGO’s wallet Software Development Kit (SDK) is already available to other payment gateways interested in a decentralized exchange. The SDK is designed for other companies to be able to create their own wallets capable of validating transactions on the OmiseGO network. These wallets can be used for payment, loyalty and reward programs, as well as for various other financial services.


What to consider if buying OMG

There are inherent risks in trading cryptocurrencies such as OMG because cryptocurrencies are speculative and coin prices are volatile. Consider the following factors before buying OMG.

  • Supply. According to CoinMarketCap at the time of writing, the circulating supply of OMG was 102,042 OMG out of a total supply of 140,245,398 OMG.
  • Use. Many people might find the promise of payment platform interoperability interesting. It is hoped by the team behind OMG that companies will utilize the wallet SDK to develop their own applications. On February 28, 2018, the team released its wallet SDK code, as well as the code for its server and mobile SDKs, in a GitHub repository for anyone interested in developing their own wallet applications.
  • Partnerships. Significant developments include Omise’s signing of a partnership agreement with McDonald’s Thailand in September 2017 and Thailand’s National Identification (ID) project in February 2018.
  • Ongoing new developments and press. Monitor the news for any developments on OmiseGO. News about OmiseGO attracting more partners and more companies using its SDK wallet and payments platform are of particular interest. For example, while payment platform Stripe announced it planned to phase out bitcoin by April 2018, it praised OMG.
  • Adherence to future plans. You should look at how successful OmiseGO is in implementing its roadmap plans ahead of or on schedule. Find out more about OMG through reading its roadmap.
  • OmiseGO is in the same market as Ripple, the blockchain-based payments platform behind XRP, the world’s third-ranking cryptocurrency by market capital.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Picture: Shutterstock

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy and Cookies Policy and Terms of Use.
Go to site