Where are the best places that you can buy OMG Network (OMG) in the UK with GBP?
In this guide, I’m going to quickly detail some places where you can buy OMG Network (OMG) in the UK without getting ripped off.
Summary: Buy OMG Network (OMG) in the UK
Here are some of the cheapest places where you can buy OMG Network (OMG) in the UK.
|Provider||Payment Method||Fees (Approx.)|
|Binance||UK Bank Transfer||< 1%|
|Coinbase Pro||UK Bank Transfer||< 1%|
|CoinJar||UK Bank Transfer||1 - 1.5%|
|Crypto.com||Credit & Debit Card||2.99%|
|BC Bitcoin||UK Bank Transfer||5%|
Binance is currently one of the cheapest places to buy OMG Network (OMG) in the UK. It’s FREE to deposit GBP with a UK bank transfer and maximum trading fees are 0.1%. On top of OMG Network (OMG), Binance supports dozens and dozens of other cryptocurrencies.
But there are some other good options you could use.
Read on for more detail about my favourite places.
Best Places to Buy OMG Network (OMG) in the UK
Binance is a cryptocurrency exchange which allows you to buy OMG Network (OMG) and hundreds of other cryptocurrencies. You can access it via your browser, a desktop app, or a decent mobile app.
Because it’s such a popular place to trade cryptocurrencies, the exchange rate you’ll be offered is usually the best possible rate available. You’ll also pay a maximum of 0.1% in trading fees.
There’s one catch.
You can’t currently buy OMG Network (OMG) directly with GBP. The only OMG Network (OMG) trading pairs on Binance are:
- OMG / ETH
- OMG / BTC
- OMG / USDT
This is a slight inconvenience, as it means you’ll have to buy one of these cryptocurrencies with GBP before you can buy OMG Network (OMG) on Binance.
You can also buy cryptocurrencies like OMG Network (OMG) on Binance with a credit or debit card. However, you will be charged higher fees by Binance if you do this. It’s cheaper to just stick with a UK bank transfer.
2. Coinbase Pro
Coinbase Pro is another popular cryptocurrency exchange that allows you to buy OMG Network (OMG) cheaply with GBP.
You can deposit GBP with a UK bank transfer via the Faster Payments Service (FPS). This means that your money will be credited to your account with minutes (after the initial deposit).
You’ll then pay a maximum of 0.5% in trading fees when using Coinbase Pro. There’s also an OMG/GBP trading pair available.
Check out their website to learn more.
CoinJar is a cryptocurrency platform that allows you to buy OMG Network (OMG) and a growing number of other cryptocurrencies with GBP.
It supports UK bank transfers (via Faster Payments), which means that your GBP should be quickly credited to your CoinJar account. After my initial deposit, I’ve found it takes just minutes to appear in my GBP wallet on CoinJar.
You’ll pay a fixed fee of 1% when you buy or sell any cryptocurrency on CoinJar. The exchange rate you’re offered is sourced from the CoinJar Exchange. I’ve found that this tends to be a little bit above the best rate available (0.2% – 0.5%).
Check out the CoinJar website to learn more.
Best OMG Network (OMG) Wallets
In most places where you can buy OMG Network (OMG), you’re able to leave it with them to take care of.
This is a simple and convenient option, but this isn’t considered best-practice amongst crypto-enthusiasts. This is not only because you’re trusting a third party to take care of YOUR money, but because these places are lucrative targets for hackers.
And without fail, we have examples of cryptocurrency exchanges and services being compromised every year. In 2020, more than $150 million in digital assets were stolen from KuCoin. More than twice this amount was taken from multiple places in 2019.
If you want to take control of your OMG Network (OMG), here are a few hardware wallets which support it:
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