Mantra is a Layer 1 blockchain that helps developers build applications by adhering to real-world regulations. It also simplifies trading with features such as complete transparency of funds, OM staking, and MANTRA vaults. The blockchain offers the currency OM, which holders can use to make decisions on the blockchain. With the Proof-of-Stake mechanism, the token is used to secure the network and reward the users.
The capabilities of the MANTRA chain along with its services for developers and traders make OM coin a lucrative token to hold. Follow this guide to learn everything about buying OM.
How to Buy Mantra in 4 Easy Steps
These 4 easy steps will take you through the complete process of buying OM.
Step 1: Choose a Crypto Exchange Platform
The first step is to choose a reliable crypto exchange platform that allows you to purchase OM with either a fiat currency or an altcoin. Platforms like CoinDCX and BitBNS allow you to buy MANTRA with INR. Other platforms like Binance, KuCoin, Gate.io and BingX offer exchange pairs with USDT (Tether), USD Coin (USDC) and BT (Bitcoin). Before you pick a platform, evaluate it based on its security features, community reviews, ease of transactions, currencies offered and other factors.
Step 2: Register on any of the Platform
You must register with the chosen exchange platform to start buying or trading tokens. Registration will require a few details like name and email address and a valid ID proof like a passport or a driver’s license. The specific details required will vary with the platform, therefore you are advised to keep your identification documents handy.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
After your account Is set up, you are ready to buy OM. The exchange platform will direct you to add funds to your account using your preferred payment method including cards, bank transfers, or digital wallets.
You may choose to either buy the currency directly with a fiat currency such as INR or trade an altcoin such as BTC, USDC, or BTC for the desired MANTRA token.
Before making the purchase, you should analyse the token on the exchange platform and study the trends. This will ensure a good exchange rate for your token.
Step 4: Store the Cryptocurrency in a Wallet
After you have bought the MANTRA coin, you should store it safely in a crypto wallet of your choice. You can transfer your currency to the wallet by going to the withdrawal section of the exchange platform. Enter your wallet address to complete the transfer. Check for token compatibility, safety features and associated fees before picking a wallet. Some wallets that support MANTRA tokens are MetaMask, Coinbase Wallet, Ledger, imToken, and TokenPocket. This step completes the process of buying and securely storing your OM token.
Also read: Crypto Staking Calculators
Popular video guides on buying Mantra (OM)
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Where to buy Mantra (OM)
Gate.io was established in 2013 and ranks amongst the top 10 trading platforms in the world based on its trading volume. The platform offers a wide range of crypto tokens for trade with over 3500 exchange pairs. Gate.io offers several trading options along with trading bots and copy trading, making it suitable for beginners. The platform is a highly trusted one with over 8 million registered users.
Factsheet
Operational Since: | 2013 |
Deposit Methods: | Crypto deposits, Gate Card, Bank Transfers, Credit/Debit cards |
Deposit Fees: | None |
Cryptos Listed: | 2100+ |
Trading Fees: | 0.2% per trade (varies with VIP level (from VIP 0 to VIP 16)) |
Fiat Currencies Supported: | 15+ including USD, EUR, and GBP |
Trustworthiness: | Safe and Reliable |
Binance is a leading cryptocurrency exchange known for its vast selection of digital assets and advanced trading tools. It offers low fees and supports hundreds of cryptocurrencies globally, although U.S. customers face some restrictions. Binance’s platform features extensive market charts, futures, and options trading, making it ideal for experienced traders. Available on both desktop and mobile, the exchange allows users to access a variety of order types, providing a comprehensive trading experience for its users.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
PayPal, Debit/Credit, UPI, Crypto |
|
Deposit Fees: |
Nil |
|
Cryptos Listed: |
500+ |
|
Trading Fees: |
0.1% per trade |
|
Fiat Currencies Supported: |
USD, EUR, GBP, AUD and more |
|
Trustworthiness: |
Safe and Reliable |
BitBNS is a crypto platform based in India that provides several crypto-related services such as Bitcoin SIP, fixed deposits, crypto tax and staking. The platform was launched in 2017 with a focus on the ease of the customer for crypto trading with quick customer support, secure trading, and a friendly interface. The platform allows traders to use INR to trade Bitcoins and some other altcoins including MANTRA.
Factsheet
Operational Since: | 2017 |
Deposit Methods: | P2P, UPI, NEFT, IMPS, RTGS |
Deposit Fees: | Nil |
Cryptos Listed: | 73 |
Trading Fees: | Pay without BNS – 0.25% Pay with BNS – 0.25% at Level Explorer to 0.03% at Level VIP 9 |
Fiat Currencies Supported: | INR |
Trustworthiness: | Safe and reliable |
Frequently Asked Questions
Where Can You Buy Mantra With A Credit Or Debit Card?
OM can be purchased with credit and debit cards on CoinDCX and BitBNS. Firstly, verify the accepted fiat currencies and then deposit the amount into your account using your credit or debit card. Use the deposited amount to exchange it for OM at an appropriate time by studying the exchange trends. Additionally, you may buy another altcoin using a debit or a credit card and trade the coin for a MANTRA token.
What Will You Need To Buy Mantra?
The process of buying MANTRA will involve the use of the following assets:
- Crypto exchange account: An exchange platform is necessary to initiate the procedure. You will be required to provide a valid ID before purchases are allowed.
- Debit/Credit card: You will require a debit or a credit card to either purchase or add fiat currency to your account or purchase an altcoin that can be used to purchase MANTRA. The available options vary with the chosen platforms.
- Fiat money: Check for the platform that provides an exchange with your preferred fiat currency. If OM cannot be bought directly, buy an altcoin with your currency and exchange it for the MANTRA token.
- Crypto wallet: You need a Crypto wallet to store your tokens safely. Once you research and choose a wallet, transfer the currency to it immediately after the purchase.
- Primary Cryptocurrency: OM can be traded with another altcoin such as USDT, USD Coin, and Bitcoin if the exchange pair is available. Be mindful of the exchange trends before making the trade.
What Is The Easiest Way To Buy Mantra?
The simplest way to buy OM is a direct transaction on a crypto exchange platform. Platforms like CoinDCX and BitBN will allow you to buy MANTRA tokens with INR directly. Others like Binance, OKX, KuCOIN, and .Gate.io will allow you to trade another altcoin for MANTRA tokens at a suitable exchange rate. However, any platform you choose will require verification through a valid ID such as your passport. Once you complete the registration, you are free to obtain OM through any of the options offered by the platform.
Best Wallets To Store Your Mantra (OM)
All wallets differ from each other in terms of the features they offer, ease of use, transaction fees and safety features. To ensure that the wallet you choose aligns with your preferences, check the features of each wallet before selecting one. The following wallets are some popular wallets to store the MANTRA token.
- MetaMask: MetaMask wallet is available as a mobile app and as a browser extension for customer ease. One of the prominent features of the wallet is the ability to swap tokens directly from the wallet. The wallet analyses the market trends for the token of choice and offers the best price to the user.
- Ledger: Ledger is amongst the few certified hardware wallets available in the market. It comes with the Ledger Live app, the combination ensuring safe and accurate storage for its users. The live app also allows the purchase, sale, and exchange of crypto assets.
- TokenPocket: TokenPocket provides a decentralised storage system along with other asset management services. The wallet extends its security by storing your account information on your device and not on a central server.
