If you are searching for where to buy OMI, you must have heard of its excellent value proposition, ECOMI. During the past months, OMI has evolved from an obscure token used by a small group of investors looking to secure their digital holdings into a store of value that millions believe will gain traction in the future.
When it comes to exotic investments like OMI, you should consider the worthiness of the investment and where to buy OMI tokens in the first place. Each of the platforms in this article is one of the best places to buy OMI coins. Furthermore, here is everything you need to consider before buying an OMI token.
What Is OMI Token?
OMI is the native cryptocurrency of ECOMI, a blockchain-based platform developed to collect, purchase, and store digital collectibles, all through DLT (Distributed Ledger Technology). ECOMI was founded in 2018, and ever since then, it has launched various digital projects, including OMI.
ECOMI-OMI is an ERC-20 token designed to give digital asset collectors a one-stop shop to secure their holdings and other digital assets. ECOMI allows investors to use OMI to secure their assets and reduce expenditure on multiple digital asset resources. Using ECOMI’s solution, traders can adopt, operate, and manage new chains without the risk of mismanaging their private keys, which would lead to losing their digital assets. In addition, OMI token helps investors confidently integrate and build on a blockchain.
ECOMI brings remarkable hope to the crypto industry, and increasingly more investors want to learn where to buy OMI, even though it still is a risky bet. However, several exchanges have opened their doors to OMI throughout this period, making investors’ options even more varied.
Where to Buy OMI Token
If you are also wondering where to buy OMI, the answer is straightforward: go on a crypto exchange. However, not every cryptocurrency exchange supports every cryptocurrency in the industry. The right place to buy OMI coins should be secure, cost-effective, quick to set up, user-friendly, and accept various deposit options. Here are our top picks for the best exchanges to buy ECOMI:
Trusted across the globe, OKX is the 6th most popular cryptocurrency exchange in the industry. It supports over 300 cryptocurrencies and offers traders an excellent trading and research tools package.
In addition, OKX provides industry-leading education and comprehensive tools to allow users to make the difference between a mooning coin and a project that will make you lose your investment. This fantastic all-around experience makes OKX the best platform to use for purchasing OMI.
For investors who want a little more flexibility, AscendEx offers a remarkable trading platform, useful tools, and a reliable customer support service to help you find where to buy OMI coins. In addition, AscendEx delivers a brilliant user experience, which is added to a long list of tradable instruments and tools of the exchange.
A podium-finisher, Bitforex delivers a terrific offering for crypto investors aiming to buy ECOMI. It has surprisingly low fees, many cryptocurrencies available, and a terrific trading platform. This comes along with expert opinions and ideas to help the user build a profitable portfolio, turning Bitforex into an exchange worth considering for buying OMI.
Uniswap can easily be named a top choice of all the exchanges where investors can buy OMI, thanks to its user-friendliness and user-centered trading protocol. Uniswap is unlike any other exchange, though it is designed to operate like one. It allows crypto enthusiasts to swap ERC-20 tokens on a decentralized platform away from the shortcomings of centralized exchanges.
It is always better to use a trusted exchange to store and trade your tokens – Bitmart is one of those and delivers an excellent trading experience for investors across the globe. In addition, Bitmart offers a wide range of tradable instruments and an impressive suite of tools to help users make the best decisions.
Founded in 2013, Gate.io provides an interface that suits a beginner’s needs. It also offers advanced charts for more experienced crypto investors and may be a great choice for those aiming to buy ECOMI. Gate.io is usually one of the first crypto exchanges to add newly launched cryptocurrencies and is continuously fighting market manipulation.
How to Buy OMI
The exchanges listed here are the best places to buy OMI in just a few minutes. First things first, decide where to buy the OMI coin, and the list shared above should be a helpful guide for that. Regardless of the exchange you choose, the next step is undoubtedly preparing to buy OMI after setting up your account.
Make sure you have all the information you need to verify your account and unlock access to the ECOMI wallet. Usually, you will be required to provide your government-issued identification card and other personal information. However, for some P2P exchanges, users will only need to create an account to start trading.
Once you sign up, making a deposit is usually the next step before you can buy OMI tokens. The deposit methods vary depending on the exchange, but the list typically includes credit and debit cards, bank transfers, and online payments such as PayPal and Skrill.
Afterward, go to the trading floor to identify an attractive price and buy OMI coins. This is where the trading tools come in handy. Once you have purchased OMI, decide where you wish to store your tokens. Most of the exchanges listed here offer OMI-compatible wallets.
Where to Store OMI
After buying the amount of ECOMI tokens you want, it is important to find a suitable place to store it. And one of the safest options may be to use a Ledger cold storage device. Since hardware wallets keep cryptocurrencies’ private keys safe offline, away from online hackers, they are used by many crypto investors worldwide.
To store OMI on Ledger, you can simply send the tokens from the exchange you bought them from to the ERC-20 address of your wallet.
Just go to the withdraw section of your exchange, plug in your device, and go to the receive section of the Ledger wallet app. Copy the address from the app to the exchange, send it, and that’s it.
What Else Do You Need to Know
By owning OMI, your profit increases with every dollar increase in cryptocurrency. So, if you like the idea of making the most out of the available resources for investing, then you are better off using trading tools to set alerts for the optimal price to buy OMI. That way, you can maximize your potential returns when the value of OMI goes up.
As you choose where to buy ECOMI, you should know the pros and cons of centralized exchanges and how they compare to DEXs. Decentralized exchanges have gained much popularity in the past few years, offering users greater freedom without charging a percentage of the trading volumes.
Exchanges like Uniswap allow users to trade amongst themselves with no intermediary to ensure everything follows a set of guidelines. For the most part, decentralized exchanges will use smart contracts to ensure every user gets what is due to them. On the other hand, centralized exchanges involve third parties but are often considered efficient.
Centralized exchanges will charge a commission for transacting on their platforms, which forms the company’s revenue stream. This business model also means centralized exchanges have to abide by the financial regulations of the countries where they operate. As a result, the exchange can exert control over your account.
Related article: Where to Buy HEX Coin
Where to Buy Omi – Conclusion
If you want to purchase OMI, there are many avenues to do that. However, it is essential to consider the costs and your plans for your assets. This information will help you make a better decision considering your choice will come at a cost, including the commission paid to the exchange.
As long as ECOMI continues to grow in value, we will see it listed in more exchanges. Still, as you look for where to buy OMI, remember that it is still a risky endeavor, as with any other new and not-so-well-established cryptocurrency.