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.

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How to buy OMG Network

Look for an exchange that supports both fiat and cryptocurrency to simplify buying OMG Network.

  1. 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.
  2. 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.
  3. Buy OMG Network.
    Complete your OMG Network purchase and then find the best wallet to store OMG.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

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.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

287
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

312
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

353
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

353
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
CoinJar Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Debit card, Bank Transfer (PayID/Osko/BPAY)
AUD, GBP

49
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.05% and withdrawals are free to your bank account
Independent Reserve Exchange
Cryptocurrency, SWIFT, Osko, PayID, EFT
AUD, NZD, USD

27
cryptocurrencies

Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

251
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
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OMG Network at a glance

Information last updated January 28, 2022 11:01 UTC.
Coin symbol OMG
Coin Marketcap US$625,114,996
Total OMG supply 140,245,398
Circulating OMG 140,245,398
Current price US$4.45
All time high US$25.62

OMG Network price performance over time

Historical prices compared with the price of US$4.45.

1 hour -0.84%
24 hours 4.08%
7 days -14.95%
14 days -25.37%
30 days -29.13%
60 days -44.94%
200 days 6.89%
1 year 41.97%

Recent OMG Network developments

August, 2021: Decentralised infrastructure development company Enya launches the Boba network to implement an layer-2 ethereum scaling solution. The Boba network is labeled OMGX which by association boosted the price of OMG upon its release.

How to sell OMG Network

You can cash out your OMG with the same exchange you bought it through:

  1. 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.
  2. Place a sell order.
    Choose the amount of OMG you'd like to sell.
  3. 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.

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.


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