Trading with Elbaite means you and your assets remain safe,
with complete peace of mind whilst you focus on what matters.
Simply create your Personal, SMSF, Company or Trust account
Deposit AUD into your Elbaite account.
Use your AUD to start investing.
OMG Network is a Layer 2 scaling solution for Ethereum that allows users to transfer ETH and ERC-20 tokens faster and at a lower cost. It uses a technology called Plasma to bundle transactions and reduce congestion on the Ethereum mainnet.
The OMG token powers the network by supporting transaction validation and helping users interact with the Plasma chain. With a focus on speed, efficiency and low fees, OMG aims to improve the performance of Ethereum without compromising its security.
OMG Network is ideal for applications that require high transaction throughput without sacrificing decentralisation.
OMG Network is used to make Ethereum transactions faster and cheaper through Layer 2 scaling.
OMG is used to pay fees and interact with the network’s Plasma-based infrastructure.
Yes. OMG is legal to buy, sell and hold in Australia and is regulated as a digital asset under AUSTRAC.
You can buy OMG with Elbaite by creating an account, depositing AUD, and trading directly to your wallet or vault.
Yes. OMG is an ERC-20 token and can be stored in any Ethereum-compatible wallet or with Elbaite’s Crypto Vault.
Plasma is a framework that helps scale Ethereum by processing transactions off-chain and submitting summaries to the main network.
Yes. OMG significantly reduces transaction time and cost compared to using Ethereum directly.
While not a DeFi protocol itself, OMG supports DeFi by helping apps and users move assets more efficiently.
Yes. OMG is divisible, so you can start with any amount that fits your needs.
The current OMG to AUD price is shown on this page and updates automatically through Elbaite.
Since our inception, we have made security our top priority.
Your funds are always available. Every asset you hold on Elbaite is fully backed, with no lending or rehypothecation.
Add an extra layer of protection with multi factor authentication, ensuring your account is secure.
Your assets are stored in verifiable individual wallets, never mixed with others, so you stay in full control of your funds.
Every transaction and account is protected with advanced encryption to keep your data and assets secure.
Get started in minutes, Buy crypto and invest for generations, with Elbaite - Australian crypto exchange.
"Good first experience trading crypto. Found the platform to be straightforward and simple to use! Highly recommend."
"Highly recommend this platform. It’s incredibly easy, reliable and efficient to use. Combines simplicity with performance so 5 stars!"
"very helpful customer service centre, easy and simple webpage to use"
"Really impressed with Elbaite. Easy to navigate and trades are quick and secure. Loving it so far"
"Trading with Elbaite has been a great experience. The platform is user-friendly and transactions are processed quickly. I highly recommend Elbaite for anyone interested in a reliable and safe cryptocurrency trading platform."
partners & affiliates:
Our legal & compliance team regularly work with regulators to advise on the cryptocurrency industry, ensuring that Australia has the best policies in place to support investor protection, innovation and industry growth.
We believe in the future of cryptocurrency here in Australia and want to ensure the right policies are in place to support a thriving industry.
Regulated by AUSTRAC
Elbaite Pty Ltd is officially registered with AUSTRAC and operates under strict compliance guidelines.
Elbaite Pty Ltd ACN: 623 185 875
AUSTRAC: DCE 100593224-001
Elbaite Pty Ltd ACN:
623 185 875
Elbaite Pty Ltd is a registered DCE with AUSTRAC:
DCE 100593224-001
We acknowledge the Wurundjeri people of the Kulin Nation, the Traditional Custodians of the land we work on, as well as the Traditional Owners of country throughout Australia. We pay respects to people, communities and elders past, present and emerging.
Elbaite is a member of:
Elbaite Pty Ltd (ACN 623 185 875) operates a digital currency exchange registered with AUSTRAC. Please note that digital asset prices can be volatile. We will never ask for the private keys to your digital currency wallet. Elbaite is not liable for any losses you may incur, and you are solely responsible for your investment decisions. Before deciding if our services are right for you, take into consideration your own financial situation & needs and/or obtain professional financial or taxation advice from a licensed provider. Elbaite does not provide financial advice and Elbaite does not have any affiliation with external traders, advisors or trading platforms.
