How to buy OMG Network (OMG) in Australia
Learn how to buy OMG Network (OMG) easily by following a step-by-step guide and compare 10+ crypto exchanges.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
How to buy OMG Network
Look for an exchange that supports both fiat and cryptocurrency to simplify buying OMG Network.
- Open an account on an exchange that supports OMG.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy OMG Network.
- Buy OMG Network.
Complete your OMG Network purchase and then find the best wallet to store OMG.
What is OMG Network?
OMG Network, (formally OmiseGo) is a layer-2 scaling solution for Ethereum. Instead of ethereum being capped at 25 tx/s with high gas fees, the OMG Network is said to be able to scale ethereum to thousands of transactions per second. Originally launched in 2017, the network has been in development until 2020 wherein they launched their primary offering called plasma chain. OMG Network is a chilld chain, or sidechain that is interoperable with ethereum. This allows users to transact much more cheaply with ERC20 tokens that are too expensive to swap on the base layer of ethereum.
OMG Network (OMG) is the 120th largest cryptocurrency in the world by market cap, valued at $625,114,996. The current price of OMG Network is $4.45, which is 4.083% higher than yesterday. Prices have ranged between $4.51 and $4.06 over the past 24 hours. All prices are listed in US dollars and accurate as of January 28, 2022 11:01 UTC.
Where to buy OMG Network
Find an exchange to buy, sell and trade OMG by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
OMG Network at a glance
|Total OMG supply||140,245,398|
|All time high||US$25.62|
OMG Network price performance over time
Recent OMG Network developments
How to sell OMG Network
You can cash out your OMG with the same exchange you bought it through:
- Sign in to the exchange you have OMG on.
If you store your OMG Network in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of OMG you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of OMG Network.
What to consider when buying OMG Network
Buying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
- Don't FOMO buy coins: Spend time researching a coin before you decide to invest, particularly if the coin's price is spiking for seemingly no reason.
- Stick with well known exchanges: Unless you're an experienced cryptocurrency trader, stick to more well known crypto exchanges to help avoid the possibility of losing your money in a scam. When possible, store your crypto on a hardware wallet instead of on an exchange.
- Look into the coin's founders and developers: Anonymous teams are often a red flag, so if you can't find details on the creator of the coin you may want to consider investing in a different cryptocurrency.
Coins similar to OMG Network (OMG)
OMG Network (OMG) in the news
Russian President says crypto-mining could give them certain competitive advantages.
Reddit Follows Twitters Footsteps, Plans NFT as Profile Picture for Users
NFTs 'Achieved Mainstream Breakthrough' in 2021: Nansen
Disclaimer: Cryptocurrencies, including OMG Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of OMG 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 OMG Network or any other cryptocurrency discussed.
More guides on Finder
Ethereum price plummets as crypto industry’s combined market cap drops by 10% within hours
With the total market cap of the crypto sector dropping by a whopping 10% within the last few hours, it seems as though the coming few days could be highly volatile for ETH.
Back to school laptops: Buying guide
What are the things to watch out for when buying your child's first laptop?
Bitcoin price dips below key level as Russia prepares for a blanket crypto ban
As Russia gets ready to outlaw its local crypto market, BTC could be faced with even greater volatility in the near future.
How to watch UFC 270 Ngannou vs Gane online and start time in Australia
Heavyweight stars Fancis Ngannou and Cyril Gane headline UFC 270.
Why has the Rio Tinto share price dropped today?
Shares in Rio Tinto have climbed more than 15% in the last month.
Today’s ASX top stocks: Stanmore Coal (SMR ↑5.2%), Kelly Partners Group Holdings (KPG ↑3.3%)
Here are the 10 biggest movers on the ASX for Friday 21 January 2022.
Beauty Product of the Week: Gisou Honey Infused Leave-In Conditioner
This leave-in conditioner transformed my unwashed mop into silky locks that would make Rapunzel envious.
Samsung confirms Galaxy S22 Ultra will be a Note phone
Samsung's next flagship S22 phone will be, in its own less than subtle phrasing, "noteworthy".
Top 10 TV shows in Australia this week and where to watch them
A fun superhero series, an epic sci-fi and a dark teen drama are among our top picks this week.
Get into cryptocurrency
Ask an Expert