How to Buy OMI in the UK? – Beginner’s Guide

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 2024

1. Coinbase – Among the largest cryptocurrency exchange 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. Crypto.com – Cryptocurrency trading on the UK’s fastest-growing exchanges

Where to Buy OMI in the UK – Step by Step Guide 2024

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

Founded 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.

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

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

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.

Huobi fees:

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

Binance 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.

Binance fees

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

The 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.

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

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Where to Buy OMI in the UK – Fee Comparison

What is OMI?

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

You 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.

To buy OMI with PayPal, you will need to find a platform that supports that payment method.

How to Buy OMI with Bitcoin

The 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 to Coinbase. Then you should type “Bitcoin” or “BTC” in the search bar, click “Buy” 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.

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.

You can easily sell OMI on Coinbase by clicking ‘sell’. You can then withdraw the funds straight into your bank account or use them to buy alternative cryptos.

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 2024

Step 1: Open an Coinbase Account

The first step is clicking the “Create account” button to register with Coinbase 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.

Step 3: Deposit Funds

After verifying your account, the platform will ask you to deposit funds. The minimum deposit for Coinbase in the UK is $1. Positively, you can make deposits using bank transfers or debit cards.

Coinbase 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.

Step 4: Buy OMI

Coinbase 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 Coinbase 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 a Coinbase 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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