How to Buy OmiseGo with Credit Card and Debit Card
There are two ways to buy OmiseGo with a credit or debit card. The first is to convert currency into Bitcoin, then convert Bitcoin into OmiseGo. This can be done using Binance. The second way is to use Changelly which is faster but has higher fees to purchase.
How to Buy OmiseGo with Bank Transfer
There are two ways to buy OmiseGo with a bank transfer or wire. See our tutorial below for instructions on each method.
Method 1 - USD/EUR -> BTC -> OmiseGo
Step 1: Buy Bitcoin
There are several exchanges through which you can buy Bitcoin.
Coinbase is a very beginner friendly US based exchange, that sells cryptocurrency to most countries and all US states. To see if Coinbase supports your country, check this link! Coinmama handles credit or debit card purchases. Coinmama is great because they have higher credit or debit card purchasing limits than Coinbase, as well as fast delivery of your funds.
Bitpanda. Bitpanda is an exchange that processes credit or debit card purchases. Their fees are slightly lower, but ONLY sells Bitcoin to residents of European Union (EU) countries. Coinbase is the most beginner friendly while Coinmama is great for credit or debit transactions as it has higher purchase limits and quick delivery. BitPanda is great (but it only works in Europe) and has a 5% fee on credit or debit purchases. We will use Coinbase in this example. Also, if you purchase over $100 of Bitcoin through the following link, you will receive an extra $10 BTC for FREE! Create an account on Coinbase if you don’t have one already and then add your payment method.
After creating your Coinbase account, you need to add a payment method. If you are going for the route with the lowest fees, it is best to use a bank transfer. If timing is more important, use a credit or debit card, as this is much faster! The Coinbase signup process takes time, but this is to ensure security for customers. Click the Buy/Sell tab on the top/middle of your screen. From this page, you can easily purchase Bitcoin, Litecoin, or Ethereum. All of these cryptocurrencies can be converted into OmiseGo on exchanges such as Binance, but for this tutorial we will use Bitcoin.
Fiat to Bitcoin Exchanges
|Coinbase||USA||1.49% - Bank|
|Coinmama||Mostly Everywhere||5.5% Credit/Debit|
|Bitpanda||Europe ONLY||5% - Credit/Debit|
After hitting Confirm Buy, you are finished with this step! Next will be transferring the Bitcoin to a 000000 exchange. Also, at this point, we strongly suggest setting up two-factor authentication (2FA) on all exchanges. Two factor authentication combines two different verification methods to ensure the real user is trying to access the account.
Bitcoin to OmiseGo Exchanges
Step 2: Transfer your Bitcoin
Once you have Bitcoin, you will need to move it to an exchange that has BTC/OMG pairs. Binance is hugely popular due to its intuitive interface and solid customer support. Click the send button on Coinbase as seen in red highlight in the picture below. You will be asked for the recipient’s wallet address. Enter your Binance Bitcoin address, which you can find by going to the “Funds” tab on the Binance navigation bar, then clicking “Balances”. Once on this screen, you will see a list of coins. Scroll down to Bitcoin, and hit the “Deposit” button. Copy the address that appears and paste into Coinbase. Click send on Coinbase, and wait about 30 minutes for your BTC to arrive.
Depending on the traffic on the Bitcoin network, your transfer may take 20 minutes to an hour, sometimes longer. This can be stressful but do not worry!
Step 3: Buy OmiseGo
After sending your Bitcoin to Binance, you will want to go to the BTC/OMG trading page and enter a price with which you are comfortable. You can look at the order book to get a sense of the current rates. After your order is processed, you will see it in your OMG wallet balance in Binance!
Method 2 - How to Buy OmiseGo with Changelly
Step 1: Create an account on Changelly. They have a relatively easy signup process and allow the use of Google, Twitter or Facebook logins to make the sign-up seamless.
Step 2: Upon creating an account, go to the main page as seen here, and use the conversion box to initiate an exchange. In this example, we are going to buy OmiseGo with USD.
Can I Buy OmiseGo on Coinbase?
Currently, Coinbase does not sell OmiseGo. If you want to buy OmiseGo, please follow the above steps. You can easily trade Bitcoin for OmiseGo on Binance. If you don’t have any Bitcoin, use Coinbase to get started!
How to Buy OmiseGo with PayPal
Due to Paypal’s chargeback feature, buying OmiseGo with Paypal requires one extra step. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have Bitcoin, you can send it to Binance just like the below example!
Step 4: How to securely store OmiseGo
OmiseGo is an ERC20 coin that runs on the Ethereum Blockchain, which means that it can be stored on myEtherWallet. OmiseGo is also easily and securely stored on the highly popular hardware wallet Ledger Nano S!
There is also a free desktop alternative wallet called Exodus, which has built-in shapeshift capabilities.
To start using myEtherWallet, you will need to come up with a secure password. Your password should be at least 9 characters long. After entering a password, click “create new wallet”. You will be taken to this screen where it asks to download a keystore file. A keystore file is an encrypted private key, that gives you access to your funds. Please make a backup of this file, by storing another copy of it on a USB or other storage device. If you lose this, it is very difficult to recover your coins.
After clicking “I understand” it will show you your unencrypted private key. If you prefer, you can print a paper wallet through the website. A paper wallet is a document that contains all the data necessary to access your cryptocurrency, usually containing QR Codes and your private keys.
Next, myEtherWallet will ask you how you would like to access your wallet. You will access the wallet using the newly-downloaded encrypted private key. Click “Keystore/JSON File”, and select the encrypted private key file you just downloaded. Press “unlock” and your public address will be displayed. This address is where you can send your ERC-20 Coins. ERC-20 Coins are any cryptocurrency that runs on the Ethereum blockchain. This includes coins such as 0x, Tron, and OmiseGo.