How to buy Origin Dollar (OUSD) in the UK

Where to buy Origin Dollar in the UK

It looks like OUSD may not be available to purchase on an exchange in the UK.

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

How to purchase OUSD using a decentralised exchange.

1. Find OUSD on a decentralised exchange and make sure Origin Dollar 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 OUSD using an exchange like CoinJar. You will need to purchase enough ETH to swap for OUSD 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 OUSD 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 finalise and the OUSD 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 UK.

Best Origin Dollar wallets to store your OUSD

You can keep your OUSD 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 OUSD below.

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

Is Origin Dollar a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to OUSD, here are a few things to consider:

• Elastic supply: The token supply of OUSD automatically expands according to the yield that is earned by the protocol. As yield is generated from different DeFi applications, that yield must be converted to more OUSD which is then distributed as rewards to OUSD holders. This means that the circulating supply of OUSD tokens will increase with each yield payment. Likewise, if OUSD is used to withdraw underlying stablecoins, such as USDT or DAI, OUSD will be removed from circulation.
• Reliance on other stablecoins: While the backing of other stablecoins maintains OUSD’s peg and allows the coin to generate a yield for holders, the success of OUSD ultimately rests on the stability of those stablecoins that compose the reserve. If there are any issues with the stablecoins, or an underlying stablecoin loses its US dollar peg, the value of OUSD may be affected.
• No Impermanent loss: As the Origin Protocol only provides liquidity to stablecoin liquidity pools, the mechanisms for generating yield for OUSD avoid the risk of impermanent loss. With liquidity pools composed of cryptocurrencies that hold different values, such as ETH:USDT, any significant changes in price can affect the proportion of tokens a user receives when extracting liquidity. Origin Protocol avoids this issue thanks to only dealing with US Dollar pegged stablecoins. Users can, therefore, earn a yield from OUSD without the concern of losing out to impermanent loss.
• Protocol management: The Origin Protocol is governed by holders of the native governance token, OGN. This means that all manner of upgrades, updates, or changes to Origin Protocol’s system parameters are in the hands of OGN holders - including any changes to OUSD.
• Risk of hack: Unfortunately, the Origin Protocol was hacked in November 2020, which resulted in $7 million worth of assets being stolen. While the protocol has patched the reentrancy bug that allowed the exploit, future hacking attempts should be considered a potential risk. Furthermore, the protocol lends stablecoin reserves to various other DeFi platforms, which increases the exposure to vulnerabilities.
• Competitors: There are several exchanges and platforms that provide yield on stablecoins, however, few allow users to earn while stablecoins remain liquid. Although the stablecoin market is saturated, the Origin Protocol has created a stablecoin that offers an innovative yield-generating mechanism that may help to encourage adoption.

Today's Origin Dollar price versus ATH

Compare today's price of Origin Dollar ($0.997532 USD) against its all-time-high price of $7.46 USD on 18 May 2021. The closer the bar is to 100%, the closer OUSD is to reaching its ATH again.

How to trade, convert or sell Origin Dollar

You can convert or sell your OUSD with the same exchange you bought it through:

1. Sign in to the exchange you have OUSD on.
2. If you store your Origin Dollar 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 OUSD you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Origin Dollar.
6. Complete your transaction and move your OUSD to a wallet for storage.

* 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.