Zengo provides a safe and secure platform for swapping Bitcoin (BTC) to OmiseGo (OMG). Following this guide, you will learn how to trade your BTC for OMG tokens or vice versa in a few easy steps.
Bitcoin (BTC) is the first cryptocurrency and has become the most popular digital token. In 2008, an anonymous group or individual called Satoshi Nakamoto introduced Bitcoin, which became operational in 2009. Bitcoin is a decentralized digital token that operates independently from traditional banking systems and promotes a democratic approach to managing money. Bitcoin uses a network of interconnected data blocks to record individual transactions, called the blockchain. The open-source nature of Bitcoin facilitates its broad availability, making it a valuable asset for trading and investing. While global businesses accept Bitcoin transactions for goods and services, its utility as a payment method is also increasing.
OmiseGO (OMG) is an Ethereum-based Utility Token launched in 2013. OmiseGO is part of a company named SYNQA, formerly Omise Holdings. The leading names in the OMG Network are Vansa Chatikavanij, Jun Hasegawa, and Ezra Don Harinsut. The OMG Foundation (OmiseGO) is a decentralized network that creates an open, public financial system by separating payment networks. OmiseGO is designed to be a Layer 2 solution for transactions on Ethereum, aiming to reduce fees and transaction processing time. Thus, the token helps Ethereum to improve its performance.
With its safe and secure platform, Zengo makes trading Bitcoin (BTC) for OmiseGo (OMG) quick and effective. To start, download the Zengo app from Google Play or the Apple App Store. Next, set up your account and follow the onboarding process.
Once your Zengo account is activated, you can refer to the steps below to trade BTC for OMG:
Open your Zengo app and click the “Actions” button on the main menu.
Select the BTC and OMG pair (or vice versa) and type in the amount you would like to trade.
Review all the details, and click “Confirm.” Zengo will notify you once the trade is finalized.
Swap BTC for OMG safely and securely with the Zengo wallet. Here are some of the reasons why Zengo is the best choice for managing your digital currency:
Zengo offers a non-custodial wallet, giving you complete control of your private keys and ensuring safe and secure access to your digital assets. The Zengo app is designed to be simple and user-friendly, minimizing the likelihood of human error while still giving you complete control of your funds.
Zengo allows you to trade many crypto assets with fair and competitive fees. With Zengo, you won’t pay transaction fees for sending or receiving cryptocurrencies, but you still need to pay network fees. As well as Zengo lets you decide how much you pay for the gas fee. If you want faster transactions, you can pay more or less and have slower transactions. For more information, check out our fees and limits guide.
If you ever lose your phone or accidentally delete your Zengo app, there is no need to worry. As Zengo’s recovery system is based on biometrics, you only need to restore your Zengo account to download the app on your new mobile device and log back in using your facial ID.
It might be exciting to invest in cryptocurrencies, but there are also risks involved due to their fluctuating nature. Zengo provides a safe platform for storing and exchanging cryptocurrencies, but we do not give financial guidance. It is necessary to conduct your research before investing in crypto or NFTs.
For any additional questions on trading BTC to OMG, refer to the FAQ section below.
Bitcoin (BTC) is the first decentralized digital currency, created in 2009 and operating on its blockchain platform. Bitcoin involves its limited supply of 21 million coins and the proof-of-work consensus mechanism, which allows the mining of new coins. Conversely, OmiseGo (OMG) is a Utility Token created in 2013, operating on the Ethereum blockchain. OMG is the first token built on Ethereum’s Plasma network, enabling speeding up the transactions.
Trading BTC for OMG on Zengo simply means swapping a certain amount of one coin for another through Zengo’s built-in crypto swap feature.
A secure crypto wallet is essential to trade and store BTC and OMG tokens. Zengo is a perfect option since it supports swaps between BTC and OMG and guarantees the safety of your digital assets.
Yes, the minimum amounts for trading fluctuate based on market conditions. If you want to know the current minimum amounts, launch the Zengo app, select the trading function, and choose BTC and OMG. For more information about Zengo’s fees and limitations, click here.
Zengo’s wallet app enables users to swap BTC and OMG for many other cryptocurrencies, including BTC, ETH, DOGE, LINK, XTZ, and SAND. However, you should note that the availability of these pairs can vary depending on the market conditions. To get the most up-to-date information, launch the Zengo app, tap “Actions,” then select “Trade,” and choose your desired trading pair.
Yes, Zengo allows you to send tokens to other wallets. To begin, log into your Zengo account, choose the cryptocurrency, tap “Actions,” click “Send,” specify the amount and the destination wallet, and review all inputs before finalizing the transfer.
You will be notified once the BTC to OMG trade is completed. Also, in the Zengo app’s transaction history, the status will change from “Trade Pending” to “Trade Received.”
Yes, Zengo’s fiat-to-crypto on-ramp gateway makes buying BTC and OMG possible. With the Zengo app, you can purchase items by tapping “Actions,” selecting “Buy,” and then selecting your payment method. Multiple payment options are available in Zengo, including MasterCard, Visa, Apple Pay, and bank wire transfers.
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