OMGFIN

OMGFIN – is a cryptocurrency exchange that entered the market in 2018. The company creates systems for trading digital assets aimed at young investors. The aim of the project is to unite traders so that they can exchange experiences and help each other to achieve their individual goals in terms of profit. In this review, we will look at what exactly the omgfin.com crypto exchange offers to its clients and whether it is a scam.

 

Why OMGFIN?

OMGFIN positions itself as the most reliable exchange of digital assets. It offers its users:

• 53 digital assets – BTC, ETH, LTC, EOS, REP, BAT, ZRX, BCH et al;
• 140 trading pairs – ETH/BTC, UQC/BTC, LTC/BTC, BCH/ETH, BTT/UQC, BTC/.USDT et al;
• optimal trading conditions and low commissions;
• affiliate program and cashback;
• fast transaction processing;
• training materials and instructions;
• 24-hour technical support;
• simple and straightforward interface of the platform.

 

How to exchange cryptocurrency on the platform omgfin.com?

To exchange Cryptocurrencies You need to register on the site omgfin.com. After registration, a list of all current digital assets will appear in the personal cabinet. Next to each currency, there are “Deposit”, “Withdrawal” and “Exchange” buttons. Actually, by clicking on these buttons, you can exchange one cryptocurrency for another.

You can also exchange cryptocurrency by trading it on the OMGFIN platform. You specify what coins you want to bet and what coins you want to get. If you make a successful transaction, you will not only exchange the currency but also make a profit.

 

Verification on the OMGFIN platform

OMGFIN offers two levels of verification. For basic KYC1 verification, it is enough to register and confirm your email by following the link in the letter. But to withdraw larger sums of money, you must go through extended verification KYC2. To do this, go to the section “Account” and select “Identity Verification”.

Here you need to enter your full name, phone number and address. And also upload a passport photo and selfies with the document and a note with the word “OMGFIN” and today’s date.

 

Deposit and withdrawal

To deposit to your account, you need to click on “Balance” and click on “My Balance”. Then choose the currency you want to deposit. In the example of Ethereum, click the appropriate “Deposit” icon.

Then click on “Show address” and send coins to this address. You can copy the deposit address or scan the QR code.

There is also a “Withdraw” button next to each currency. Click it next to the desired cryptocurrency.

Enter the pickup address and the amount you want to withdraw. Enter the login password and 2FA code from the application. Click Submit. Check the email inbox you used to register your OMGFIN account and click on the link. When the withdrawal is complete, the status will show “Withdraw successfully”. You can check the status of your withdrawal by clicking “Balance” and then “History.

OMGFIN Crypto Exchange Commission

OMGFIN offers a commission of 0.045%. For the takeers and makers, the commission for trade is 0.1%. The commission for the withdrawal is as follows:

• BTC – 0.0005 BTC;
• ETH – 0.005 ETH
• UQC – 3.26 UQC;
• BCH – 0.001 BCH;
• NEO – 0.025 NEO;
• GAS – 0.005 GAS;
• XVG – 0.101 XVG, etc.

 

OMGFIN bonuses

OMGFIN offers a 25% discount, cashback of up to 30%, and a referral program. That’s what we’ll talk about next.

Discount 25%

By default, if you hold UQC in your account, trading commissions will automatically be deducted from your UQC balance. Using UQC for transaction fees provides a 20% discount on your trading fees, which will apply for the first 6 months and 10% for the next 6 months. The value of the UQC amount depends on the market price. You are only eligible to use one coin to pay the discounted amount.

Cashback up to 30%

You can share your purchases and sales with your friends on social networks and get up to 30% in cashback. You’ll get the same cryptocurrencies you earned. For example, if you trade in bitcoins, you will receive a certain amount in bitcoins after the transaction is completed. It’s important that the people you share the link with complete the same transaction. When the number of people you share with and the total amount reaches the required minimum, the cashback system is automatically activated and calculates the reward for all participants in the transaction. The reward amount is added to the account after the transaction is completed.

Affiliate Program

You can use the referral link and invite friends to the site omgfin.com. For this you will be provided with 15% commissions from their transactions.

 

Complaints about omgfin.com

There are reviews online that accuse OMGFIN of fraud. They write that this project is a big scam and the profits from this site can never be withdrawn. However, these articles do not provide specific examples and arguments – reviews of real clients, etc. So there is reason to believe that the reviews are written at the request of competitors. At least, we did not manage to find any complaints about this crypto exchange on the web. This company is new, we did not find any reviews about it – neither negative, nor positive. The project omgfin.com has not been noticed in any frauds. If there was anything wrong, the Internet would be filled with complaints about this crypto exchange.

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Regulation of OMGFIN crypto exchange

Among crypto exchanges, there are both honest companies and scammers. To understand the integrity of a crypto exchange, it is necessary to study its regulation and check whether it has a license. That’s what we’re going to do next.

Regulator

OMGFIN Limited is registered under registration number 14556327 under the laws of the Republic of Estonia. Licensed and regulated by the Financial Intelligence Unit under license number FVR000604 for the provision of virtual currency to paper currency exchange services and FRK000513 for the provision of virtual currency wallet services.

• Read the “Terms of Use” on the OMGFIN website.
• Read the “Risk Warning.
• Read the “Privacy Policy” on the OMGFIN Exchange website.

User Agreement omgfin.com

The document states that the company has the right to block customer accounts if it notices violations on their part.

Here traders are also notified that trading in digital assets is very risky.

The management of the crypto exchange warns about the possibility of changing the content of the site at any time, without warning.

The “agreement” spells out the registration rules, stating that the user must provide a valid email address and password.

The document states that the company is not responsible for the loss of income and information by customers.

Customer Service

The support team can be contacted as follows:

• email: [email protected];
• Telegram;
• Facebook;
• Twitter;
• Instagram;
• Reddit.

 

Is OMGFIN a Scam?

OMGFIN is not a scam or fraud. It is a young cryptocurrency exchange that appeared on the digital asset market in 2018. The company offers various cryptocurrencies and trading pairs, cashback and affiliate programs, low fees, and a user-friendly platform interface. You can contact the support team in several ways. The activity of the company is regulated by Estonian legislation.

We have not found any reviews about OMGFIN on the internet. However, there are articles that accuse the company of fraudulent activities. They claim that it is possible to invest in the project without any problems, but impossible to withdraw profits. There is no evidence to support this claim. Most likely, these articles were written at the behest of competitors. If there had been complaints, we would have found them online.

Conclusion

OMGFIN is a young cryptocurrency exchange that offers low fees, cash back, and an affiliate program. Working with this company should not present any difficulties, as all the rules for using the omgfin.com platform are explained in the “Support” section. The knowledge base provides information on how to register on the site, deposit and withdraw coins, the details of the cash back program, and more. If you have any further questions, you can always contact the support team via email or social media.