All around the world, crypto currency are becoming very popular these days because they have smart distribution platform, fast transaction speed that cannot be compared with other financial transaction and many other features that comes with it. However, Omisego happens to be one of them. It’s an open payment platform that gives the users flexibility to process any of their transaction without depending on other people.
Omisego is a decentralised platform that is based on Ethereum which is known to be a public distributed blockchain network. It allows financial inclusion and operation through the general public using its decentralised Omisego (OMG) network.
Omisego which is also known by its users as OMG is currently ranked as the 20th best digital currency in the world crypto currency list. Omisego major objective is to “unbank the banked” which simply translates to helping the unbanked persons worldwide to reach and enjoy banking services with ease.
In 2013, Omise was established in Singapore, Indonesia, Thailand and japan with the aim of providing online payment to sell its services to investors and customers. After few years, precisely in 2017, Omisego started existing as an extension of its parent platform “Omise” to focus on security and allowing them process different transaction without depending on other people. OMG allows peer to peer transaction by using white label SDK wallet via an app which also allows wallet to wallet currencies transaction.
Omisego runs on the proof of stake algorithm and a blockchain network which includes a decentralised exchange (DEX) that provides a cross chain interoperability and multi asset. Omisego wallet is an app which users can receive, send and store money. The Omisego networks token which is called OMG token is required to ensure that wallets are open which gives them the opportunity to confirm the blocks on the network.
How To Buy OMISEGO
To buy Omisego, there are different method you can buy it, either you buy from a friend who has Omisego to sell or you buy via online Omisego exchanger. There are three world class online exchangers we would love to recommend for you to have a safer transaction, they are:
Coinbase is the world digital currency asset and exchange firm that provides a platform for buying and selling of all type of crypto currencies worldwide. Coinbase as well sends all necessary information about your transactions to block chain network so that it can be verified.
Coinbase also serves as a wallet where all your crypto currencies can be stored safely. In their platform, they exchange different kinds of cryptocurrencies such as Ethereum, Bitcoin, Omisego, Litecoin and also other fiat currencies in over 70 countries.
Coinbase has over 30 million customer base and has facilitated the exchange of digital currencies worth over 50 billion dollars since its establishment in 2012. So if you want to buy Omisego or trade digital currencies in today’s digital world, then we recommend you sign up with Coinbase.
When buying and selling cryptocurrencies, Coinbase expects you to link your bank account or debit or credit card (whichever you prefer) to your account with Coinbase to be able to buy cryptocurrencies. To use a bank account in Coinbase enables you to have higher limit which is $100 per transaction and $2, 500 per week, but the disadvantage is that it takes long to verify such transactions, so you will definitely see your money between two to four days in your Coinbase wallet depending on your bank. But for those who want to sell digital currencies, once you have confirmed the sales, it will also take between two to four days for your proceeds to reflect in your bank.
For those with debit or credit cards on their Coinbase wallet, a lower limit of $200 per week is given, though you can still buy cryptocurrencies by transferring money from your bank to the Coinbase web portal and your bitcoin will show up in your Coinbase wallet instantly.
Kucoin is known as one of the best and tastiest growing crypto exchange in the world. Also known as the people’s exchange, it is very simple and easy to use for first time investors, and for advanced users who love cryptocurrencies. They have whole lot of altcoin on their platform and are also adding more on a regular bases. Kucoin’s objective is to offer low fee for both withdrawing and trading. Zero deposit fee and their trading fees are only 0.1 percent on whatever you purchase making it very affordable to use their platform.
To ensure you get good trading experience, whether you are buying or selling Omisego, we recommend you register with the above mentioned exchange (Coinbase, Binance and Kucoin) for safer transactions.
Binance is a cryptocurrency trading platform which offers the most competitive crypto rate in the world. Binance accepts users all over the world and they have received lots of positive reviews from cryptocurrency traders. Recently, they have partnered with top Israel based Payment Company called Simplex to enable credit card buying of cryptocurrencies at a premium.
Binance was founded by Changpeng Zhao and launched on July 2017. Their operation consist of crypto to crypto exchange which means that they don’t facilitate fiat currencies. Their partnership with Simplex will allow them to run brokerage services that will enables you to buy up to 6 different cryptos with your credit card and a service fee of 3.5% will be charged by them.
Binance only accepts crypto deposit in their platform, meaning that you can transfer your Omisego from Coinbase to Binance. Note that all the coins that are supported by Binance can be deposited and withdrawn at any time. The platform allows you to buy the below cryptos with your credit card:
- Ripple (XRP)
- Ethereum (ETH)
- bitcoin (BTC)
- Binance coin (BNB)
- Bitcoin cash (BCH)
- Litecoin (LTC)
Why You Should Buy Omisego
As said earlier, Omisego operates on a proof of stake algorithm which every transaction performed is charged at an affordable fee, and every fee collected is been distributed among every OMG token holder, meaning that if you hold more OMG token then more fees will be distributed to you.
Knowing that currently, Omisego (OMG) is ranked as the 20th best digital currency in the world crypto currency list and considering the OMG POS protocol and its low cost in the market, OMG will surely generate unbelievable income in the future for every OMG holder.