How and Where to Buy Onomy Protocol (NOM) – Detailed Guide
- What is NOM?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade NOM
- Last Step: Store NOM securely in hardware wallets
- Other useful tools for trading NOM
- Frequently Asked Questions
- Latest News for NOM
- NOM Price Prediction and Price Movement
What is NOM?
To learn more about this project, check out our deep dive of Onomy Protocol.
What Is Onomy Protocol (NOM)?
Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include a methodical 3-stage rollout of an innovative multi-chain wallet, a DEX supporting an order book experience fused with AMM liquidity pools, and a stablecoin issuance protocol.
**Onomy aims to plug the $6.6T per day foreign exchange market (Forex) into DeFi, alleviating the concerns associated with volatile digital assets and opening the doors to full-scale institutional and retail adoption of Web3. **
How Does Onomy’s Vertically Integrated Ecosystem Work?
The ecosystem play to onboarding FX volumes on-chain entails several steps that aid Onomy’s goals:
First off, Onomy is building a Cosmos-based application-specific chain which helps alleviate concerns over scalability, throughput, and transaction fees by having validators that exclusively secure its products.
Secondly, Onomy has chosen to build its own multi-chain mobile wallet, which facilitates multi-protocol asset management, with features like staking, governance, and NFT collections available from a single interface that simplify the user experience instead of forcing users to rely on multiple, yet incomplete browser extensions.
Thirdly, the protocol is building the Onomy Exchange, a hybrid DEX that combines a traditional order book experience with AMM liquidity pools. Users may place advanced orders unavailable on AMMs via the order book interface, while still being able to provision liquidity of any crypto or stablecoin pairs to the underlying AMM. Effective cross-chain trading is then enabled through custom-built bridges and integration with the Inter Blockchain Communications Protocol (IBC). In addition, the Onomy Exchange will be natively deployed on multiple chains, serving loyal liquidity.
The creation of a vibrant product ecosystem will bootstrap the launch of the Onomy Reserve, the protocol’s stablecoin issuance system. To recap, FX volumes need an exclusive, secure, high throughput, and cost-effective infrastructure whose performance is not dependent on misc events like a hyped NFT mint, hence the Onomy Network. Onboarding non-crypto natives requires an all-inclusive wallet from which they may manage all their assets, hence Onomy Access. FX pairs must be traded on a feature-packed DEX that leverages traditional tools like market, limit, and conditional orders, but which is also interoperable, non-custodial, and has a powerful charting engine. Lastly, once all the infrastructural needs are in place (which are independent, yet interconnected products with market fit), the Reserve can be deployed, providing immediate utility for the Denoms as well as integrations within other Web3 ecosystems, facilitating their adoption as means of payment, credit, FX trading, remittance, and more.
Onomy places great emphasis on building intuitive interfaces, so that the onboarding and usage experience is well suited to both newbies and crypto pros.
Who Are Onomy Protocol’s Partners?
Onomy has co-announced partnerships with Avalanche, Polygon, Aurora on Near, and Harmony ONE, with many more in the pipeline. These partnerships will lead to a bi-directional bridges between the Onomy Network and partner ecosystems, alongside a multi-chain deployment of the DEX, liquidity incentives, development collaboration, and currency integrations.
What Makes Onomy Protocol Unique?
The protocol serves as a vertically-integrated ecosystem, fostering Web3 adoption through a suite of products that allow users to trade on a DEX as they would on a CEX, effectively deploy assets through DeFi non-custodially, bridge across liquid ecosystems, and use decentralized stablecoins.
For example, through the built-in bridges deployed on Onomy’s Exchange, trading cross-chain is as simple as placing a limit order, with no reliance on multiple browser extensions or need to switch networks. The DEX utilizes a hybrid model that employs both order book and AMM functionalities. This unlocks additional functions, once reserved only to traditional centralized exchanges, of which we include stop-loss orders, limit orders, and advanced charting through a native TradingView integration. Onomy’s Exchange will support trading of crypto pairs listed through permissionless pools, stablecoins, and the NOM token across chains.
An additional nod to Onomy Protocol’s care towards intuitive interfaces is represented by Onomy Access, a non-custodial iOS and Android mobile wallet with support for multi-chain asset storage (including NFTs), and ability to engage in multi-protocol staking and governance from a single interface, effectively making browser extensions obsolete and greatly improving the current state of UI/UX in Web3.
The aforementioned components are powered by Onomy Protocol’s application-specific blockchain network. As a Cosmos-based network, the Onomy ONET will achieve 100x the efficiency of Ethereum and effectively solve the blockchain trilemma of achieving scalability, decentralization, and security, while also enabling Onomy to leverage the Inter-Blockchain Communications Protocol (IBC) to simply bridge to all Cosmos-based chains. At a later stage, the Onomy team will deploy Equity, a custom consensus protocol utilizing leaderless ordering of transactions. Taking lessons from Machine Learning (ML) and Artificial Intelligence (AI), **Equity will provide the throughput needed for high frequency Forex trading, as well as preventing validator front-running, a significant threat to decentralized economies. **
What Is the Onomy DAO?
Onomy Protocol will be governed as a decentralized autonomous organization (DAO) by holders of NOM, who may weigh in their opinion and contribute to key decisions surrounding the development and evolution of the ecosystem by initiating and voting on governance proposals. In addition, the protocol Treasury will be DAO-governed, whereby funds are outside of the control of any central entity.
What Is NOM?
The native coin of Onomy Protocol is $NOM. NOM is used to secure the network through staking, as collateral for the minting of Denoms through the Onomy Reserve (ORES), and for governance in the Onomy DAO. As a deflationary coin, $NOM is programmatically bought and burnt from the open market through AMM Keeper Bots.
Who Are the Founders of Onomy Protocol?
Onomy was co-founded in December 2020 by Lalo Bazzi and Charles Dusek. Bazzi is a former associate at Fidelity Investments and ex-Microsoft cloud solution strategist with close to four years of experience operating in the blockchain space. Dusek, on the other hand, is an accomplished engineer with more than a decade of experience working in energy finance, private equity, machine learning, and consensus systems. Together, they developed mining hardware, utilizing ASIC chips, and established a global infrastructure partner network.
The two founders are joined by a 20+ strong team that also includes known developers, designers, researchers, and marketing specialists.
Related Pages:
Find out more about Cosmos (ATOM). What is a stablecoin? Find out more here. What is web 3.0? Click here and find out. Take a deep dive into smart contracts and DeFi space with CMC Alexandria. Take a look at the CMC blog: product updates, partnerships, and announcements.
How Many Onomy Protocol (NOM) Coins Are There in Circulation?
As of now, there are no market statistics for the Onomy Protocol NOM token as trading has not yet begun. The NOM token will launch via a Bonding Curve Offering (BCO) model, with a supply of 100M NOM. BCOs operate as Automated Market Maker (AMM) contracts that automate the relationship between token pricing and supply, bringing forth deterministic pricing, instant liquidity, and incentives to connect purchased tokens to Onomy’s mainnet at a 1:1 ratio. The Onomy Protocol BCO will be deployed on the Ethereum network, and is expected to take place in 2022.
How Is the Onomy Protocol Network Secured?
Staking is overseen by a decentralized network of performant validators that guarantee the security of Onomy’s Proof of Stake (PoS) blockchain. Users can participate in the validation by delegating their NOM to their preferred validator, obtaining yield in exchange for supporting the network. Validator honesty is incentivised, whilst ill-willed behavior is promptly penalized through slashing.
In addition to securing the network through validators, Onomy’s products undergo a comprehensive development process, where system specifications and logic are first defined using a mathematical language called TLA+, then formally verified and audited by leading cybersecurity firms once developed.
When Will Onomy Protocol Trading Begin?
Trading of the NOM token will likely commence in 2022, following the launch of the Bonding Curve Offering, Onomy Network, Onomy Wallet, and Onomy Bridges.
Where Can You Buy Onomy Protocol (NOM)?
The Onomy Protocol NOM token will initially be tradeable via the bonding curve interface. DEX and CEX listings will follow shortly thereafter, with all relevant information to be disseminated via the protocol’s official channels.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, NOM or any other token. Check out the details here.
NOM was first tradable on 28th Jun, 2021. It has a total supply of 160,362,052.67,645,404. As of right now NOM has a market capitalization of USD $79,001,625.67. The current price of NOM is $0.493 and is ranked 706 on Coinmarketcap and has recently surged 29.49 percent at the time of writing.
NOM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy NOM.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
Select altcoin exchanges:
- Gate.io
- KuCoin
- Bitfinex
But we are not done yet, since NOM is an altcoin we need to transfer our USDT to an exchange that NOM can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at Gate.io and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!
Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from Gate.io once your USDT has arrived. And you are now finally ready to purchase NOM!
Step 5: Trade NOM
Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "NOM", you should see NOM/USDT, select that pair and you should see a price chart of NOM/USDT in the middle of the page.
Below there is a box with a green button that says "Buy NOM", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy NOM". Voila! You have finally bought NOM!
But we are not done yet, since NOM is an altcoin we need to transfer our USDT to an exchange that NOM can be traded, here we will use KuCoin as our exchange. KuCoin is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
KuCoin is a cryptocurrency exchange based in the Seychelles (previously Hong Kong). Launched in September 2017, KuCoin claims to have 5 million users from over 200 countries and regions. Often known as the People’s Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and so forth. The exchange has one of the world’s most impressive trading pair selections, with more than 250 supported coins and 440 trading pairs. KuCoin was backed by two giant traditional venture capitals when launching - IDG Capital and Matrix Partners. The exchange also announced a USD 20 million round A funding from them at the end of 2018.US-investors are not listed as prohibited from trading. If you are a US-investor, however, you should still always analyse yourself whether your home state imposes any obstacles for your foreign cryptocurrency trading.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at KuCoin and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to KuCoin!
Now go back to KuCoin and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from KuCoin once your USDT has arrived. And you are now finally ready to purchase NOM!
Step 5: Trade NOM
Go back to KuCoin, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "NOM", you should see NOM/USDT, select that pair and you should see a price chart of NOM/USDT in the middle of the page.
Below there is a box with a green button that says "Buy NOM", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy NOM". Voila! You have finally bought NOM!
But we are not done yet, since NOM is an altcoin we need to transfer our USDT to an exchange that NOM can be traded, here we will use Bitfinex as our exchange. Bitfinex is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Bitfinex is a centralized cryptocurrency exchange located in British Virgin Islands. There are 150+ coins and 310+ trading pairs on the exchange. Bitfinex is an advanced, veteran cryptocurrency exchange with a haunted past of hacks and allegations. The exchange is well suited for advanced traders and also supplies the option for margin trading and lending. Bitfinex does not accept US customers.Unfortunately for US-investors, this exchange prohibits US-investors from trading on its exchange. So if you are a US-investor and wants to trade here, you’ll have to consider one of the other top crypto exchanges we recommend here instead.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at Bitfinex and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Bitfinex!
Now go back to Bitfinex and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from Bitfinex once your USDT has arrived. And you are now finally ready to purchase NOM!
Step 5: Trade NOM
Go back to Bitfinex, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "NOM", you should see NOM/USDT, select that pair and you should see a price chart of NOM/USDT in the middle of the page.
Below there is a box with a green button that says "Buy NOM", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy NOM". Voila! You have finally bought NOM!
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once NOM gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
BitMart
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
Huobi
Huobi is originally a Chinese crypto exchange. From what it seems, it has now registered in the Seychelles. This exchange is one of the six exchanges from the Seychelles. The liquidity at Huobi is impressive. The liquidity, together with its customer support that is open 24 hours a day 365 days a year and good security. If you sign up to Huobi using our link below, you will receive a series of welcome bonuses, as follows: 1. USDT 10 when you have registered and verified your profile, 2. USDT 50 when you have deposited/bought 100 USDT worth of tokens via Huobi OTC, and 3. A chance of up to USDT 60 when you have completed a minimum of 100 USDT worth of crypto-to-crypto trading. Huobi does not allow US-investors on its exchange.
Last Step: Store NOM securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your NOM for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Other useful tools for trading NOM
Encrypted Secure Connection
NordVPN
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).
Surfshark
Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!
Atlas VPN
IT nomads created Atlas VPN after seeing a lack of top-notch service within the free VPNs field. Atlas VPN was designed for everyone to have free access to unrestricted content without any strings attached. Atlas VPN set out to be the first trustworthy free VPN armed with top-notch technology. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Below are some of the feature highlights:
- Strong encryption
- Tracker blocker feature blocks dangerous websites, stops third-party cookies from tracking your browsing habits and prevents behavioural advertising.
- Data Breach Monitor finds out whether your personal data is safe.
- SafeSwap servers allow you to have many rotating IP addresses by connecting to a single server
- Best prices on the VPN market (only $1.39/month!!)
- No-log policy to keep your privacy safe
- Automatic Kill Switch to block your device or apps from accessing the internet if the connection fails
- Unlimited simultaneous connections.
- P2P support
Frequently Asked Questions
Can I buy NOM with cash?
There is no direct way to buy NOM with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy NOM in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy NOM or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Onomy Protocol's fundamentals and current price here.
NOM Price Prediction and Price Movement
NOM is up 77.29 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of NOM can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, NOM has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on NOM's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.