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How to buy MANTRA (OM) in the UK

Learn how to buy MANTRA (OM) in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

MANTRA (OM) is the 750th largest cryptocurrency by market cap, valued at US$16,906,666.

MANTRA is a highly volatile asset capable of major price swings in a single day. Today OM is trading for $0.02461794 USD, which is higher than yesterday's trading price of $0.0245159878 USD. Over the past year, MANTRA's price has seen a decrease of -51%.

So before you buy MANTRA, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy MANTRA.

How to buy MANTRA in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy MANTRA is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy MANTRA
    You can now exchange your funds for MANTRA. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your MANTRA to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy MANTRA in the UK

Find an exchange to buy, sell and trade OM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

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How we keep this MANTRA guide up-to-date

  • OM price data is regularly updated through data feeds so you always have the latest information.
  • MANTRA performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy MANTRA?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy MANTRA?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading MANTRA.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing OM with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy MANTRA?

The easiest way to buy OM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying OM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of MANTRA has been performing recently.

Best MANTRA wallets to store your OM

You can keep your OM 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 OM below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is MANTRA a good investment?

As investing in volatile assets like cryptocurrencies can often be a risky endeavour, here are the aspects you can consider before adding OM to your portfolio:
  • DAO: This protocol operates as a Decentralised Autonomous Organisation (DAO) which entails that its operations don’t reside in a single location and there is no need for human intervention for its governance as autonomous smart contracts govern the protocol. This is seen as a highly-coveted way of running a protocol for cryptocurrency purists as it highly reduces the chances of biased malicious activity.
  • USDOM Stablecoin: The development team is currently working on USDOM, the native stablecoin of the platform. It is touted to be similar to MakerDAO’s DAI stablecoin in the way that it will also be pegged 1:1 to the US Dollar in a multi-collateralised manner, through collateralised debt positions (CDPs). In addition to DAI’s capability of using only ERC-20 assets to back it, USDOM could be backed by any asset supported by the Polkadot network, including BTC, ADA, ETH, EOS, XTZ, OM, etc. The assets chosen to back the stablecoin will depend on the asset’s liquidity and votes in the governance process. The launch of this stablecoin could increase the prominence of the protocol and its token in the market.
  • Supply and tokenomics: The OM token has its maximum supply capped at 889 million tokens and currently has a circulating supply of 350 million tokens. The largest proportion of the tokens – that is, 30% – are reserved for staking rewards indicating their focus on staking. The second-highest portion – 17.5% – is reserved for the team and advisors, while 12.5% each is reserved for referrals and grants, and 10% of the tokens are held as reserves. The remaining 17.5% is for sales, with 9% being given out at private sales and 8.5% at public sales.

Today's MANTRA price versus ATH

Compare today's price of MANTRA ($0.02461794 USD) against its all-time-high price of $0.860573 USD on 15 March 2021. The closer the bar is to 100%, the closer OM is to reaching its ATH again.

MANTRA's price: $0.02461794
ATH date: March 15, 2021
2.86%

MANTRA ATH: $0.860573


How to trade, convert or sell MANTRA

You can convert or sell your OM with the same exchange you bought it through:
  1. Sign in to the exchange you have OM on.
  2. If you store your MANTRA in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of OM you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of MANTRA.
  6. Complete your transaction and move your OM to a wallet for storage.
  1. MANTRA DAO Whitepaper
  2. MANTRA DAO Roadmap
  3. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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