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How to buy Opium (OPIUM)

Learn how to buy Opium (OPIUM) in our step-by-step guide.

Where to buy Opium

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

You can still purchase OPIUM 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 OPIUM using a decentralized exchange.
  1. Find OPIUM on a decentralized exchange and make sure Opium 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 OPIUM using an exchange like Gemini. You will need to purchase enough ETH to swap for OPIUM 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 OPIUM 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 OPIUM 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 Opium wallets to store your OPIUM

You can keep your OPIUM 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 OPIUM 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
★★★★★ 4

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 Opium a good investment?

Cryptocurrencies are highly volatile assets that come with a number of risks. Before you make an investment decision, it is essential to understand the factors that could impact the price of the cryptocurrency. You may want to consider the following before investing in OPIUM:
  • Simplicity of use: The user is only required to choose the ticker (instrument) they want to trade, and the rest is managed by the ecosystem, which creates the contract and trades until the expiration of the contract.
  • Controlled risk: As the user provides collateral in the form of margin for the contract, the risk and return are capped based on the fixed initial margin until the derivative contract matures. This mitigates tail risk for users and makes the instruments dynamic as they can be designed to suit different risk appetites.
  • Trading risk: The user must be cautious as sometimes the ticker can be corrupted. You may want to stick to the tickers created by notable projects, which can be easily found on the “Derivative Explorer” page. The most popular derivative products have already been created by Opium, including futures, options and collateral debt swaps (CDS).
  • Opium insurance: The platform also offers tradable insurance to insure against smart-contract hacking or against a stablecoin default. The insurance can be bought or sold at any time as per the user’s need.
Read more

Today's Opium price versus ATH

Compare today's price of Opium ($0.04860704 USD) against its all-time high (ATH) price of $23.01 on February 04, 2021. The closer the bar is to 100%, the closer OPIUM is to reaching its ATH again.

Current price: $0.04860704
All time high: $23.01
1%
99%

How to buy other cryptos


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.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1607
cryptocurrencies

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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.
OFFER

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
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Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
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Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
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Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

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