How & where to buy ECOMI (OMI) online
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This beginner’s guide examines the process of investing in ECOMI, breaking everything down into easy-to-follow steps. Read on to get started with ECOMI.
What are the best exchanges to buy ECOMI on?
To get coins, you need to have a registered account on a crypto trading platform. Below, we have listed three of the best places to buy ECOMI online – click on one of them to sign up, or keep scrolling for more information.
How to buy ECOMI online – a step-by-step guide
Step 1. Find an exchange
The first step to getting ECOMI tokens – or any other cryptocurrency for that matter – is finding a cryptocurrency exchange to use. All platforms have different fee models and features, so it is crucial you know what you are looking for.
As far as the best places to buy ECOMI coin, your options are limited, and the cryptocurrency is currently only supported by four exchanges: Gate.io, AscendEX, OKX, and BitForex.
Step 2. Sign up and fund your account
Now you have selected an exchange to use, sign up to get the ball rolling on your OMI investing endeavours. To do this, fill out some basic contact details and send over a copy of your photo ID for verification purposes.
Then, fund your account with any currency that is supported – that could be fiat currency like USD or GBP, or it could be a cryptocurrency like Bitcoin.
Step 3. Purchase
Now everything is set up, it is time to purchase your very first OMI tokens. To do this, search for ECOMI by its ticker – ECOMI – in the ‘search’ section of your chosen exchange’s interface. Then, enter the number of coins you want to purchase, check you are happy with the price and fees, and execute the transaction.
Step 4. (Optional) Get a suitable wallet
If you are planning on holding your coins for a prolonged period of time, you may want to consider keeping your OMI in a cryptocurrency wallet. These are secure personal facilities for storing your digital assets, protecting them from online attacks and theft.
You can use ECOMI’s own Secure Storage Wallet, or you can use one of the other recommended wallets below:
- CoolWallet: Combining the virtues of physical storage with digital access and management, CoolWallet is one of the world’s most popular cryptocurrency wallets. Get CoolWallet today >
- Infinito Wallet: Infinito’s team of blockchain experts have established a strong reputation in the community, and their foremost product, the Infinito Wallet, is easy-to-use and reliable. Get an Infinito Wallet today >
How to trade ECOMI – a step-by-step guide
Step 1. Find a broker
If you want to trade OMI rather than investing in it for the long term, you should find a broker to execute your trades. These are online platforms that allow users to inexpensively open and close positions to take advantage of price changes to many assets.
Because Ecomi is an emerging cryptocurrency in the early stages of its development, it is not yet supported by any brokers. Expect to see one of the major brokers like eToro or Plus500 pick it up first. Make sure you bookmark this page and check back periodically to find out when this changes first.
Step 2. Create an account
Just like using an exchange, trading with a broker usually requires you to create an account first. To do this, send over a copy of an accepted form of photo ID and fill in some basic contact details. You can then add funds to your account – most brokers accept fiat money like GBP and USD, while some may even accept PayPal.
Step 3. Learn how to perform technical analysis
In order to generate returns when trading, you need to conduct technical analysis to detect trends and build projections. Check out our courses to gain a clear insight into the many forms technical analysis may take.
Step 4. Decide whether to go long or go short
When deciding a trading position, you need to be aware that you can speculate on the price of OMI in either direction. So, if you think OMI is set to rise in value, you can go long, whereas if you believe the opposite is true, you can go short.
Step 5. Make the trade
Now you have completed the previous steps, you can start trading ECOMI. However, it may be worth starting your journey with a demo account to learn the ropes and gain experience before risking capital.
Should I invest in ECOMI?
If you believe in the credentials of the digital collectible marketplace, ECOMI could be a smart addition to your portfolio. The company has created VeVe, a blockchain-based digital collectibles marketplace where users can buy, sell and share collectibles.
With brands like Batman, Superman, Harley Quinn, Ghostbuster, NFL and MLB all working with ECOMI and being part of the ecosystem, the VeVe platform has demonstrated its ability to appeal to major strategic partners.
In addition, the ECOMI Secure Storage Wallet allows users to keep their collectibles safe when they are not parading them in an augmented reality showroom or sharing them in the social feed.
Still undecided?
If you still aren’t sure if ECOMI is the right investment for you, check out the pros and cons below to help make up your mind.
Pros
- VeVe works with some major brands
- Digital collectibles marketplace has taken great strides in recent years
- ECOMI Wallet allows assets to be stored securely
- Strong social aspect to the platform
- The OMI token ensures an immutable record of ownership
Cons
Finally, here are three more questions you should ask yourself before deciding whether or not to invest in ECOMI.
1. Is now a good time to buy ECOMI?
This really depends on your own individual needs as an investor. If you are the sort of investor who likes to purchase cryptocurrencies and hold them for the long term in the hope they will increase in value, making an entry with OMI at its current price could be a smart move. If the digital collectible marketplace continues growing at the same rate, ECOMI could be poised to profit.
However, if you are a more fast-paced investor, trading is likely to be a preferred tactic. In this case, OMI’s status as an early-stage, volatile cryptocurrency could present many opportunities to successfully trade it for a profit.
Be sure to check out our latest analysis on the ECOMI project below to understand how the market is behaving and what you should consider doing:
2. What problem does ECOMI solve, and what are its investment prospects?
ECOMI is an all-in-one digital collectible platform with a heavy emphasis on socialisation. Playing into the growing NFT/metaverse narrative, VeVe allows users to easily and quickly trade digital collectibles while storing their assets in a secure and specific wallet.
The real challenge the project must overcome is the sheer amount of competition it has. The digital collectible space is at risk of becoming oversaturated, so ECOMI needs to market itself successfully and continue working with notable brands to secure future growth.
Before you head onto the next section of this page, consider reading some of the latest new articles we have released regarding the OMI cryptocurrency:
3. Do you want to hold ECOMI for the long term?
You can either hold OMI for the long term, or trade it for accelerated returns. Here are the different considerations you should make for each of these strategies.
Considerations for a long term investment strategy
To purchase coins and hold them for the long term, you should sign up to an exchange, fund your account, and purchase the quantity of OMI you want. Then, you may want to consider getting a wallet to store your coins in.
Considerations for a short term trading strategy
If short term trading is more of a focus for you, think about which broker you want to use because they will have varying fees, commissions and features. Then, educate yourself on technical analysis to better understand how the market works.
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