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The world of digital collectibles and cryptocurrencies is changing due to NFTs; as a result, ECOMI was able to take advantage of it by integrating the sale and purchase of these kinds of assets, creating their cryptocurrency called OMI. Moreover, to later exchange it for gems and buy these NTFs via VeVe’s platform, which operates under the Go Chain technology.

The following guide provides information about how to buy OMI UK and gives information such as the forecast and future of this cryptocurrency, advantages, risks, and strategies to buy it on the best exchanges on the market that support this coin.

Where to Buy OMI – List 2022

  1. eToro – Overall Best Broker to Buy Bitcoin in the UK
  2. Huobi – Trading UK Offers The Widest Selection Of Cryptocurrencies
  3. Binance – Best Crypto Exchange To Buy Cryptocurrency With A Credit Card In The UK
  4. Coinbase – Among the largest cryptocurrency exchange in the UK
  5. Crypto.com – Cryptocurrency trading on the UK’s fastest-growing exchanges
  6. Kraken – Among The First Cryptocurrency Exchanges With More Than 4 Million Users

Where to Buy OMI in the UK – Step by Step Guide 2022

1. eToro – Overall Best Broker to Buy Bitcoin in the UK

how to buy omi Are you wondering why you choose eToro? Experts say it is the world’s leading social trading platform, with thousands of short- and long-term investment options.

eToro was founded in 2007 by Ronen Assia and Jonathan Assia in Israel and today is one of the most popular online brokers. It specializes in social trading with stocks, currencies, futures, options, and cryptocurrencies.

UK residents can access eToro on the web and via their mobile phones (iOS and Android). Furthermore, the platform is considered the “world’s leading social trading network” with more than 20 million users.

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One good thing about eToro is that you can open a free account and find very low fees associated with trading. In contrast to other brokers, who charge spreads when you buy and sell an asset, eToro only charges a spread when you buy and sell the asset and is well regulated.

Over 40 crypto coins are available for trading on eToro, an online trading platform with 11 million users and operations in 140 countries. Most popular are Bitcoin, Ethereum, Shiba INU, Ripple, Dogecoin, and Cardano.

eToro Fees

Fee Amount
Stock trading fee Free
Forex trading fee Spread, 2.1 pips for GBP/USD
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5

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2. Huobi – Trading UK Offers The Widest Selection Of Cryptocurrencies

how to buy omi token Leon Li founded Huobi in 2008, a Singapore-based exchange, and has operations in 130 countries, including the UK. The platform enables users to buy, sell, stake, and borrow a broad array of cryptocurrencies.

The Huobi Global exchange is one of the most liquid cryptocurrency exchanges globally, offering deep liquidity in the popular BTC/USDT and ETH/USDT trading pairs. It also has yield-generating opportunities, and users can deposit funds and earn double-digit yields on a range of cryptocurrencies.

The range of products offered by Huobi is one of the most extensive. It has more than 400 cryptocurrencies and 15 fiat currencies, including dollars and GBP. Additionally, Huobi has an HT token listed among the top 100 by Coinmarketcap.

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Huobi fees:

Fee Amount
Crypto trading fee 0.20%
Inactivity fee Free
Withdrawal fee 1%

Your money is at risk

3. Binance – Best Crypto Exchange To Buy Cryptocurrency With A Credit Card In The UK

how to buy omi cryptoBinance was founded in 2017 in Hong Kong by Changpeng Zhao; here in the platform, you can find charts, trading features, and dashboards available on desktop and mobile versions. You will also find one of the largest cryptos, such as Bitcoin and many altcoins and other cryptocurrencies of smaller projects.

This exchange has the largest cryptocurrency platform in terms of volume and number of users globally. Moreover, even it gives us access to the Binance leveraged market Margin, which allows us access to loans through collateral and, consequently, the ability to trade large volumes and follow advanced investment strategies such as “long” and “short.”

This broker has its cryptocurrency called BNB, and if you use this coin, you will not require to pay any commissions. It can also be used within the platform to finance different projects and leverage them through liquidity pools.

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Binance fees

Fee Amount
Crypto trading fee Commission, starting from 0.1%
Inactivity fee Free
Withdrawal fee 0.80 EUR (SEPA bank transfer)

Your money is at risk

4. Coinbase – Among the largest cryptocurrency exchange in the UK

how to buy omi ukFounded in 2012, Coinbase is the largest cryptocurrency exchange in the USA, serving clients worldwide, including the UK. Also, as a recommendation, if you are a first-time trader, Coinbase’s platform is user-friendly and reliable for you.

Beginners will find the platform’s sign-up investing and the trading process simply because there is plenty of information here, from basic advice to market news. A point to highlight to trade with Coinbase, there is no minimum deposit, but you must purchase at least $2 worth of cryptocurrency per transaction.

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Coinbase users can purchase and sell different types of cryptocurrencies and stocks. This exchange earns its income from the transaction fees it charges for each cryptocurrency traded.

Coinbase fees

Fee Amount
Crypto trading fee Commission, starting from 0.50%
Inactivity fee Free
Withdrawal fee 1.49% to a U.S. bank account

Your money is at risk

5. Crypto.com – Cryptocurrency trading on the UK’s fastest-growing exchanges

how to buy $omiThe fastest and most secure cryptocurrency exchange on the web in the UK is Crypto.com, which was founded in 2016. There are over 250 different currencies offered on the exchange and reasonable fees and discounts for those who own Crypto.com Coin (CRO) in significant quantities.

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Also, users can earn a performance bonus by buying and storing their cryptos with Crypto.com’s DeFi wallet. Due to many developers and a strong marketing team, Crypto.com has seen rapid growth in recent years.

The portfolio of the staking program of Crypto.com includes over 40 cryptocurrencies and stablecoins, with a return of 14% annually.

Crypto.com Fees

Fee Amount
Crypto trading fee 0.4% per trade
Inactivity fee Free
Withdrawal fee Free

Your money is at risk

6. Kraken – Among The First Cryptocurrency Exchanges With More Than 4 Million Users

how to buy omi Kraken was one of the first cryptocurrency exchanges in the US, founded in 2011 in San Francisco. Since its creation, it has gained more than 4 million users in many countries. As a result, it has become one of the top five cryptocurrency exchanges in the UK.

With this platform, traders can trade futures of cryptocurrencies, unlike most other platforms. Also, Kraken offers high margins based on the user’s currency and is easy to use.

The safety and security features Kraken offers are also among the best in the industry in the UK. Besides, it is quite easy to use and allows users to trade on high margins depending on the currency they wish to trade. You may choose the leverage that best suits your strategy.

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Traders can access live crypto prices, 66 cryptocurrencies approximately. It is also possible to stake cryptocurrencies to earn more money.

Kraken fees

Fee Amount
Crypto trading fee Commission, starting from 1% per trade for sellers. Free for buyers
Inactivity fee Free
Withdrawal fee According to the currency withdrawn. 0.0005 for BTC

Your money is at risk

Where to Buy OMI in the UK – Fee Comparison

Platform Crypto trading fee Inactivity fee Withdrawal fee
eToro Spread, 0.75% for Bitcoin $10 a month after one year $5
Huobi 0.20% Free 1%
Binance Commission, starting from 0.1% Free 0.80 EUR (SEPA bank transfer)
Coinbase Commission, starting from 0.50% Free 1.49% to a U.S. bank account
Crypto.com 0.4% per trade Free Free
Kraken Commission, starting from 1% per trade for sellers. Free for buyers Free According to the currency withdrawn. 0.0005 for BTC

What is OMI?

how to buy omi token ECOMI (OMI) is a technology company based in Singapore created in 2017 by David Yu and focused on digital collectibles. This company also created the VEVE platform to buy, trade, or display your collections purchased.

You can use the VEVE platform to trade and purchase NFTs. Consequently, ECOMI decided to introduce the OMI token, which is the NFT cryptocurrency offered by them. This platform uses blockchain technology, so in other words, the OMI Token is a GO20 token that you can use in Veve’s GoChain technology.

OMI tokens have been designed to be exchanged for digital collectibles based on the VeVe platform. You must exchange tokens for gems here since you can only purchase all collections through this method. A key fact is that a gem equals $1, and the fluctuation of the OMI tokens does not modify the value of the collectibles.

At the time of writing, OMI has a market cap of $743 million, with an expected growth trend in the coming years due to its deflationary nature.

Furthermore, ECOMI released 750 billion OMIS on the market, and currently, only 22% are in circulation. This will attract many investors and clients in the coming years, considering that ECOMI is making great alliances with other companies like General Motors and NFLPA.

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Why Buy OMI?

NFT/digital collectibles are growing rapidly, with corresponding steady demand growth. The ECOMI ecosystem is robust and has significant NFT ownership. As a result, ECOMI has created the best platform to buy, protect, and collect many licensed digital collectibles using Distributed Ledger Technology.

ECOMI maintains stable partnerships with major brands and forms more alliances with large companies to increase the number of digital collectibles the platform VEVE has available in the market. With a wide range of brands and categories available for viewing, purchasing, and owning NFT, the platform aims to become the largest marketplace for DeFi.

In addition to this, the VEVE platform will eventually launch the VEVEverse, which will increase the number of OMI exchanges for gems, which will increase investments. Over the years, the outstanding OMI to be spent will increase in value. We should check the latest forecasts from the experts regarding OMI in 2022 and beyond.

How Much Does It Cost to Buy OMI?

Historically, OMI’s launch price was $0.0000034 in November 2019, reaching a peak of $0.01 a year and a half before its release, maintaining a high level of fluctuation in the market and increasing the number of clients exponentially.

Cryptocurrency markets are notoriously volatile. In March 2022, the price of OMI is trending at $0.0045 with a market cap of $750 million based on information gathered from Coinmarketcap. Also, forecasts indicate that the price will continue to increase through 2022, reaching a value of approximately $0.0078.

It is important to note that at present, you can only purchase it via the following platforms: Gate.io, AscendEX, OKX, or BitForex. Still, if you own exchanges and cryptocurrencies like Bitcoin, you can also exchange them by OMIS.

How to Buy OMI with PayPal

how to buy omi cryptoYou can currently buy, sell, and hold crypto directly through Paypal. Still, the platform only supports Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at the moment, so OMI cannot be purchased using this payment method.

We recommend that you deposit your funds in our trusted broker eToro using Paypal as a payment method. The amount depends on how much you wish to invest, which at the beginning shouldn’t exceed $50 until you have gained experience and knowledge on these topics. Remember that a PayPal account replaces your bank account in this situation.

Finally, you will change your Bitcoins, purchased with your funds, to buy OMI on the cryptocurrency markets of your preference that supports it.

How to Buy OMI with Bitcoin

how to buy omi on binanceThe vast majority of exchanges allow you to exchange Bitcoin into OMI (or any other Cryptocurrency Token for NFT) for a spread, so you won’t have to pay any extra fees.

To realize the trade, first, you need to create an account and log in at our recommended broker eToro. Then you should type “Bitcoin” or “BTC” in the search bar, click “Invest,” and select the amount you wish to invest in the currency of your choice, in the case of the UK is GBP. Finally, you have to create an account and a digital wallet on the cryptocurrency market of your preference where you can buy OMI.

It is important to remember that you will have to convert your Bitcoins into USDT, and with your USDT, you can then buy OMIs from Gate.io, AscendEX, OKX, or BitForex. To fund an OMI trade, you will need to link your Bitcoin wallet to your exchange account.

Buying OMI Safely

To avoid any fraud or hacking in the platform of our choice is important to define the most secure method for purchasing OMIs. Remember, it is not possible to buy OMI with fiat funds, so it is recommended that you invest in Bitcoin through our recommended broker eToro.

The OMI currency can only be purchased on other cryptocurrency exchanges, as we already know, so to transfer funds from eToro, you must create an account on eToro’s wallet and on a platform that accepts OMI, such as BitForex.

For the two wallets to work, it is important to copy the location where you will deposit the cryptocurrency, the type of coin you want to send, and the network name. Be sure that financial regulatory agencies regulate the exchanges you use.

Whenever you provide information about your wallets, you should be very careful and only share what is crucial and read the characteristics of the wallets you will choose in terms of security. It is also recommended that you investigate and read all the information about the wallet of your choice.

Risks of Buying OMI

As a new trader learning the NFT and the OMI Token market, before starting buying or trading OMIs, you should be aware of the risks involved. That way, you can protect your funds and trade wisely.

Lack of regulation

No government or authority controls back OMI in the UK. Therefore, no one is responsible for its issuance. There are no guarantees and protections for OMIs for financial products.

Additionally, no central bank or public authority supports OMIs, and no mechanisms protect customers against them. Therefore, although it is not illegal to purchase OMIs, the UK needs specific regulations to govern the market for this asset class.

Volatility

There is a limited number of OMI tokens available, so OMI has a deflationary characteristic. In other words, due to market fluctuations, the price has a very high degree of volatility in both upward and downward directions.

The price of OMI in March 2021 was $0.01, and today it is $0.0045. However, it tended to exceed its maximum peak. Therefore, to earn profits, it is important to search for information, acquire educational resources, and investigate the market correctly so you can buy OMIs and sell them at the best time.

Irreversible payment when purchasing NFTs

Veve’s OMIs make it possible for you to buy NFTs securely and reliably. Alternatively, if you decided to exchange them for gems, and you want your money back for some reason, you cannot get your OMIs back, so the only way to use them is to buy NFTs with that gems.

You must be certain that you want to buy the NFT before switching from OMI to Gems, or you won’t get your money back.

Selling OMI

You should be aware that if you exchange OMIs for gems on the Veve platform, there is no way to recover this cryptocurrency. Only NFTs can be acquired with that.

One thing we recommend is that you convert your OMIs into Bitcoins. Once you have these in your eToro wallet, you can sell them for fiat currency so you can deposit them in any bank account of your preference that supports the operation. Remember to pay a withdrawal fee of $5 to complete your operation. You can also sell Bitcoin on the eToro platform, but it is necessary to check prices and information to ensure a good deal.

OMI Price Prediction

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The growth of OMI is currently driven by many factors, such as using cryptocurrencies, secure wallets, and NFTs derived from games and pop culture. Currently, the value of OMI is $ 0.005 per token with a market cap of $750 million.

New digital collectors appear on the market; as a result, the prices of these collections and clients are increasing. In addition, there are brands like Cartoon Network and Universal Studios on the Veve platform. Additionally, ECOMI is constantly making new alliances with large companies such as Marvel, Disney, among others.

The OMI feature is deflationary, as is Bitcoin, due to restrictions on the volume of coins intended for circulation, reduction of OMIs’ issuance rate, and hoarding. Therefore, the total number of OMIs on the market is $750 billion, and the number of OMIs purchased has increased by 22% since its recent launch with an exponential increase in clients.

Since its launch in 2019 with a value of $0.0000034 and reaching the highest price in May 2021 with a value of $0.01 per token, experts have defined the following forecast: In 2022, the price will be $0.007, and by 2025 according to CaptainAltcoin’s prediction model, OMI will reach the price of $0.01.

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Best Way to Buy OMI in the UK – eToro Tutorial

Step 1: Open an Account

The first step is clicking the “Join Now” button to register with eToro by providing your general information, such as your name, email address, phone number, username, and a strong password. Also, if you have a Facebook or Google account, you can link those accounts during registration.

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Step 2: Upload ID

Upload an identity document, such as your driving license or passport, along with a recent bank statement or utility bill to verify your account. After uploading these documents, the address will be verified automatically.

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Step 3: Deposit Funds

After verifying your account, the platform will ask you to deposit funds. The minimum deposit for eToro in the UK is $10. Positively, you can make deposits using several methods, including debit cards, bank transfers, PayPal, UK bank transfers, and other third-party channels like Skrill.

eToro is a platform that trades in USD; it accepts deposits in 14 other currencies, such as GBP. Since 50 pip, in addition, it has a conversion fee.

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Step 4: Buy OMI

eToro does not offer OMI purchases directly. To purchase it, first, you need to buy Bitcoin; secondly, type “Bitcoin” or “BTC” in the search bar, click “Invest,” and select the amount you wish to invest.

After that, you have to follow these steps:

  • Enter to one of the cryptocurrency markets of your preference where you can buy OMI like Gate.io, AscendEX, OKX, or BitForex, then create an account and a wallet.
  • Transfer your bitcoins from eToro to the cryptocurrency market of your choice and convert them into the stable coin USDT.
  • With your USDT, you may purchase OMIs by typing OMI into the search bar of the cryptocurrency market.

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Conclusion

Based on the advantages, the market of NFTs, the future price of OMI in the UK, and expert opinions, it is possible to state that this currency has a positive outlook in the market with a stable market capitalization that has grown steadily since its launch.

With a peak price of $0.01 a year ago, and with the growing alliances that ECOMI is establishing with international brands to develop NFTs in Veve, it is expected that its price will increase. It appears that OMI is one of the most profitable cryptocurrencies of 2022 due to the fluctuation of this year.

We provide tips in the guide to help you understand the OMI purchasing process and the platforms on which you can purchase it. If you want to invest in OMI, please sign up for an eToro account by clicking the link below. Once you have created an account, all you need to do is invest in Bitcoin for a future transfer to receive OMIs and start trading in the NFT market.

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FAQs

What is OMI?

OMI is the NFT cryptocurrency offered by ECOMI. OMI is a token GO20 powered by the GoChain blockchain. You can redeem them in VEVE application for digital collectibles.

Who created OMI?

OMI was created as the NFT cryptocurrency of ECOMI, a technology company located in Singapore and founded in 2017 by David Yu.

What is the market cap of OMI?

At the time of writing, the market cap of OMI is $743 million.

Do I need a crypto wallet to buy OMI?

When you buy Bitcoins through our recommended platforms, such as eToro, there is unnecessary to create a crypto wallet. Since we want to purchase OMIs (converting our BTC to USDT and OMI), we must have full control over our cryptocurrencies. Also, we need to buy gems in Veve, so it will necessarily have a crypto wallet.

Can I buy OMI in the UK?

It is possible to buy OMI in the UK through established cryptocurrency exchanges; the best way to buy OMI is to buy Bitcoins through eToro and then exchange them for OMI on a platform that supports it.

How much money do I need to buy OMI in the UK?

Your investment amount is determined by your budget and your willingness to spend. If you start with a trusted broker, such as eToro, you can invest in bitcoin for just $10. There is no set amount, but we recommend approximately $50, and then you can trade that money to buy OMI.

About Alejandra Martinez
About Alejandra Martinez

Multimedia designer, specializing in communication and English-Spanish translation. Interested in economics, history, literature, and geopolitics.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.
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