Buy OMG Network OMG

Easily and securely buy OMG Network with the best crypto platform in Europe.

  • Lowest trading fees: 0.15%
  • Buy OMG with iDEAL, Bancontact or SEPA
  • Maximum safety with Proof of Reserves
OMG Network OMG
EUR
OMG
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What is OMG Network?

OMG Network is a decentralized network that lets you make fast peer-to-peer transactions with low fees. You can build decentralized apps (dApps), create tokens, and share info freely on the network.

OMG Network is a layer-2 scaling solution built for the Ethereum blockchain, and it used to be known as OmiseGo. It uses a layer-2 Plasma architecture — a framework created by Ethereum founder Vitalik Buterin and blockchain expert Joseph Poon.

OMG Network tackles Ethereum’s scaling issues by using More Viable Plasma (MoreVP). That gives users high throughput and solid security, which is great for developers building scalable, decentralized stuff on Ethereum, and also for anyone who wants to trade and manage their digital assets safely on the Ethereum chain.
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Buy OMG Network with Finst.
Maximum security. Ultra-low fees.

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Network information

Name
OMG Network
Ticker
OMG
Network name
Ethereum network
Explorer URL
https://etherscan.io/token/0xd26114cd6EE289AccF82350c8d8487fedB8A0C07

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  • Market order

    Buy OMG Network instantly at the best available price. Ideal for quick and easy purchases.

  • Limit order

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  • Auto Invest

    Automate your crypto purchases on a daily, weekly, bi-weekly, or monthly basis.

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FAQ

  • How to buy OMG Network?

    Follow the steps below to easily and securely buy OMG Network.

    1. Sign up

      Create an account with a reputable crypto platform like Finst.

    2. Deposit EUR

      Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

    3. Start investing

      Buy OMG Network and securely store it on our platform.

  • Can I automatically invest in OMG Network on a recurring basis (DCA)?

    Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA OMG Network without any action required or additional fees.

    Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

  • What fees do I need to pay when buying OMG Network?

    When you buy OMG Network through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

    Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

    It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

    This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

  • Which order types can I use to buy OMG Network?

    At Finst, we support several order types to buy OMG Network: Market Order, Limit Order, and Auto Invest (DCA).

    - With a Market Order, you buy OMG Network instantly at the best available market price.

    - Do you want to buy OMG Network at a lower price? With a Limit Order, you set the maximum price you're willing to pay for OMG Network. Your order will be executed once your limit price is reached on the market.

    - Do you want to invest in OMG Network without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

  • Can I use limit order to buy OMG Network?

    Yes, on our platform, you can easily buy OMG Network with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of OMG Network reaches your limit price or lower.

    A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

  • Is it safe to buy OMG Network?

    Yes, it is safe to buy OMG Network through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Is it legal to buy OMG Network?

    Yes, buying OMG Network is legal in Europe. However, we advise you to do your own research before making a purchase.

  • Can I buy OMG Network anonymously?

    No, due to laws and regulations, it is not possible to buy OMG Network or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

  • Can I buy OMG Network with iDEAL?

    Yes, at Finst, you can easily buy OMG Network with iDEAL. We also support popular payment methods like SEPA and Bancontact.

  • Do you have to buy one OMG Network?

    At Finst, you can start investing in OMG Network with as little as €1. For many coins, it is not necessary to buy a whole coin.

  • What are the risks of investing in OMG Network?

    Investing in cryptocurrencies like OMG Network involves risks of losses. You can lose (part of) your deposit. Before you decide to buy OMG Network, it is important to understand the risks.

    Volatility: The price of OMG Network can fluctuate significantly. This means that its value can rise and fall quickly.

    No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

    External factors: The price of OMG Network is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

  • How to store OMG Network?

    You can securely store your OMG Network in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

    We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your OMG Network. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

    Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Can I send my OMG Network to an external wallet?

    Yes, you can send your OMG Network to an external wallet. With Finst, you can easily send your OMG Network to a hardware or a software wallet.

  • Can I store OMG Network on a hardware wallet?

    Yes, you can store OMG Network (OMG) on hardware wallets such as Ledger or Trezor.

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How does OMG Network (OMG) work?

OMG Network works as a layer-2 solution built on top of the Ethereum blockchain. It's designed to make transactions way faster and cheaper than on Ethereum’s mainnet, without sacrificing security. It does this by bundling transactions off-chain on what's called a 'child chain' (also known as the plasma chain). On this separate chain, transactions are validated together and then sent to Ethereum for one-time approval.

OMG Network is made up of three main layers:

  1. Acceptance Layer: This is the interface between OMG Network and the real world. It connects with real-world financial products like credit cards, debit cards, eWallets, cryptocurrencies, and even loyalty points or airline miles. Basically, it creates a universal payment system that links digital assets with traditional payment methods.
  2. Decentralized Exchange Layer (DEX Layer): This layer handles digital assets off the Ethereum chain while keeping things secure. It lets users trade assets within the network in a smooth and safe way.
  3. Cash In / Cash Out Layer (aka the Fiat Gateway): This one bridges the gap between fiat and crypto. It supports stuff like ATMs, OTC services, and agent networks. So, it allows value to move in and out of the network—digitally or physically—making it super useful for real-world use cases like online shopping.

OMG Network uses Ethereum’s Plasma framework but tweaks it to be more efficient. This version is called More Viable Plasma (MoreVP). With this setup, the OMG Foundation (which runs the network) bundles multiple transactions together, and processes them as one optimized transaction on the child chain. That means you only pay gas fees once—when the transactions are bundled. So everything runs more efficiently and costs way less than on Ethereum.

To make transactions on OMG Network, you use the network’s native utility token: OMG. It’s an ERC-20 token used for interacting with the network and paying transaction fees.

Who founded OMG Network?

OMG Network was launched in 2017 under the name OmiseGo, as a project by the Thai fintech company Omise. It was founded by Jun Hasegawa and Donnie Harinsut. The project went public through an Initial Coin Offering (ICO), raising $25 million to fund further development. Later on, Omise rebranded to its current name, Opn.

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