OMGFIN Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange

A crypto exchange, also known as a digital currency exchange, is a platform that allows users to buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and many others. These exchanges facilitate the conversion of one type of cryptocurrency to another or the conversion of cryptocurrencies to fiat currencies such as the US dollar or Euro.

Crypto exchanges act as intermediaries between buyers and sellers and provide a secure and transparent platform for transactions. They charge a fee for their services, which varies depending on the exchange and the type of transaction being made.

In addition to trading, some crypto exchanges offer other services such as wallets to store digital currencies, margin trading, and lending. It’s important to note that different exchanges may have different rules, regulations, and fees, so it’s important to do your research before choosing an exchange to use.

What Is OMGFIN Crypto Exchange ?

OMGFIN is a crypto exchange that allows users to buy, sell, and trade cryptocurrencies. It is a relatively new exchange that was founded in 2019 and is based in the Seychelles. offers a variety of trading pairs, including both crypto-to-crypto and crypto-to-fiat pairs. Some of the cryptocurrencies available on the exchange include Bitcoin, Ethereum, Litecoin, Ripple, and many others.

In addition to trading, OMGFIN also offers features such as margin trading and staking. The exchange has a user-friendly interface that is easy to navigate, and it also provides advanced trading tools for more experienced traders.

OMGFIN Crypto Exchange Quick Facts

How To Register At OMGFIN Exchange?

To register on OMGFIN , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

OMGFIN Exchange Supported Countries

OMGFIN Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on OMGFIN .

How To Verify Your OMGFIN Cryptocurrency Account ?

There is no mandatory verification at OMGFIN , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the OMGFIN , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At OMGFIN Crypto Exchange?

There are two main options for topping up your balance on OMGFIN . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From OMGFIN Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By

How To Secure Your OMGFINAccount ?

To secure your OMGFIN account, you can take the following steps:

1. Enable Two-Factor Authentication (2FA): OMGFIN offers 2FA as an extra layer of security for your account. You can use an authenticator app or SMS to set up 2FA. This will require a code generated by your 2FA app or sent via SMS in addition to your login credentials when accessing your account.
2. Use a strong and unique password: Your password should be a combination of upper and lowercase letters, numbers, and special characters. Avoid using the same password across multiple accounts.
3. Regularly change your password: It’s a good practice to change your password every few months to reduce the risk of unauthorized access.
4. Be aware of phishing scams: Phishing is a type of scam where attackers try to steal your personal information, such as your login credentials, by posing as a legitimate entity. Be cautious of emails or messages that ask you to click on links or provide personal information.
5. Keep your computer and software up-to-date: Keep your operating system, web browser, and antivirus software up-to-date with the latest security patches and updates to prevent vulnerabilities.
6. Do not share your account information with others: Avoid sharing your login credentials with anyone, including friends and family. Also, be wary of social engineering scams where attackers try to trick you into giving them your login information.
7. Monitor your account activity: Regularly check your account activity to ensure that there are no unauthorized transactions or activities. If you notice any suspicious activity, report it immediately to OMGFIN support.

By taking these steps, you can help to secure your OMGFIN account and reduce the risk of unauthorized access or loss of funds.

Fees taken when buying virtual currency

1. General : 0.1% trading fee is applied to the transaction amount of both makers and takers

2. Discount rate:  25% OFF

– By default, if you hold UQC in your account, your trading fees will be automatically subtracted from your UQC balance. Using UQC for transaction fees applies a 20% discount to your trading fee will be applied in the first 6 months and 10% in the next 6 months. The cost UQC amount depends the market price.

– We can accept payment by another kind of coin. However, the discount rate may change. You will see this change within your account.
-You only have the right to use only one coin for the discounted payment

3. Cashback:  30% OFF

We encourage you to share your buy/sell orders with friends or other members for a 30% discount. You can also create groups trading to always be eligible for this discount.

– The discount applies only when the buy / sell order has a minimum of two participants

– The discount will only work when the order value exceeds the specified threshold. This threshold will be adjusted monthly.

Trade On Go OMGFIN Is 100% Mobile Friendly

Yes, OMGFIN is designed to be mobile-friendly and offers a seamless trading experience on both iOS and Android devices. The OMGFIN mobile app can be downloaded from the App Store or Google Play and provides users with access to all the features of the web-based platform, including trading, deposit and withdrawal, and account management.

The mobile app is user-friendly and offers an intuitive interface, making it easy for users to navigate and trade on-the-go. With the mobile app, users can monitor their account balances, check their trade history, and receive real-time market updates.

Moreover, the mobile app is secured with the same advanced security features as the web-based platform, including two-factor authentication (2FA) and biometric authentication, ensuring that your account and funds are always secure. Overall, OMGFIN’s mobile app is an excellent choice for traders who are always on-the-go and want to keep up with the market and their trades from anywhere, anytime.

How To Contact OMGFINCustomer Support Team?

OMGFIN offers customer support through various channels, including email, live chat, and social media. Here are the steps to contact OMGFIN customer support:

1. Email: You can send an email to [email protected] to get in touch with the OMGFIN support team. Be sure to provide as much detail as possible about your issue or inquiry.
2. Live Chat: OMGFIN offers a live chat feature on their website where you can chat with a customer support representative in real-time. To access the live chat, simply click on the chat icon on the bottom right corner of the website.
3. Social Media: You can also reach out to OMGFIN customer support through their official social media channels, such as Twitter, Facebook, or Telegram. These channels are monitored regularly, and a customer support representative will get back to you as soon as possible.

It’s important to note that OMGFIN customer support operates 24/7, and response times may vary depending on the channel and the volume of inquiries. However, the support team strives to provide prompt and efficient assistance to all users.

Features Of OMGFINCrypto Exchange

OMGFIN is a cryptocurrency exchange that offers a variety of features designed to enhance the trading experience for users. Here are some of the key features of OMGFIN:

User-Friendly Interface

OMGFIN offers a user-friendly interface that makes it easy for users to buy, sell, and trade cryptocurrencies.

Advanced Trading Tools

OMGFIN provides advanced trading tools, such as real-time market data, charting tools, and trading indicators, to help users make informed trading decisions.

Security

OMGFIN implements advanced security features, such as two-factor authentication (2FA), SSL encryption, and cold storage, to ensure that user funds and personal information are always secure.

Low Fees

OMGFIN offers low trading fees, which range from 0.10% to 0.20% depending on the trading volume.

Customer Support

OMGFIN provides 24/7 customer support through various channels, including email, live chat, and social media.

OMGFIN Good Or Bad Points

Like any other cryptocurrency exchange, OMGFIN has its good and bad points. Here are some of the pros and cons of OMGFIN:

Good Points

1. Wide Range of Cryptocurrencies: OMGFIN supports a wide range of cryptocurrencies, making it easy for users to buy, sell, and trade a variety of digital assets.
2. Low Fees: OMGFIN offers low trading fees, which can be as low as 0.10%, making it an affordable option for cryptocurrency traders.
3. Advanced Trading Tools: OMGFIN provides advanced trading tools, such as real-time market data, charting tools, and trading indicators, to help users make informed trading decisions.
4. Mobile App: OMGFIN offers a mobile app for both iOS and Android devices, providing users with access to their accounts and the ability to trade on-the-go.
5. Strong Security Measures: OMGFIN implements advanced security measures, such as two-factor authentication (2FA), SSL encryption, and cold storage, to ensure that user funds and personal information are always secure.

Bad Points

1. Limited Deposit Options: OMGFIN only accepts cryptocurrency deposits, which may be inconvenient for users who prefer to use fiat currency.
2. Limited Payment Options: OMGFIN only supports a limited number of payment options, which may not be suitable for all users.
3. Limited Customer Support: While OMGFIN offers customer support through various channels, some users may find the support to be limited, especially during high volume periods.
4. Limited Availability: OMGFIN is not available in all countries, which may limit its accessibility for some users.

Overall, OMGFIN has several good points, such as a wide range of cryptocurrencies, low fees, and strong security measures. However, it also has some limitations, such as limited deposit and payment options and limited customer support. It’s essential to carefully evaluate the pros and cons of any cryptocurrency exchange before using it to ensure it meets your specific needs and preferences.

Is OMGFINIs Safe Platform To Trade ?

OMGFIN is a cryptocurrency exchange that implements advanced security measures to protect user funds and personal information. Some of the security features implemented by OMGFIN include:

1. Two-Factor Authentication (2FA): OMGFIN requires users to enable 2FA to secure their accounts.
2. SSL Encryption: OMGFIN uses SSL encryption to encrypt all user data and protect it from unauthorized access.
3. Cold Storage: The majority of user funds are stored in cold storage, which is an offline storage method that offers enhanced security.
4. Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies: OMGFIN has strict AML and KYC policies to prevent fraud and comply with regulations.
5. Monitoring and Alerts: OMGFIN monitors user accounts and transactions for any suspicious activity and sends alerts to users in case of any unusual activity.

However, like any other cryptocurrency exchange, OMGFIN is not immune to security risks, and users should take their own precautions to secure their accounts. For example, users should always use strong passwords, enable 2FA, and avoid sharing their personal information with others.

OMGFIN Conclusion

OMGFIN is a cryptocurrency exchange that offers users a range of features, such as a wide range of cryptocurrencies, low fees, advanced trading tools, and strong security measures. The platform also offers a mobile app, making it easy for users to trade on-the-go.

While OMGFIN has some limitations, such as limited deposit and payment options and limited customer support, it can be a suitable platform for users who prioritize low fees and a wide range of cryptocurrencies.

It’s important to remember that cryptocurrency trading can be risky, and users should always do their own research and carefully evaluate the pros and cons of any exchange before using it. Additionally, users should take their own precautions to secure their accounts and avoid keeping large amounts of funds on the exchange. Overall, OMGFIN is a solid cryptocurrency exchange that offers users a range of features and strong security measures.

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