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Time to buy/sell some tokens!
The OSOM exchange
The OSOM Exchange allows you to buy and sell Bitcoin and Ethereum for Euro. You may deposit and withdraw Euros via SEPA or SWIFT transfers. The OSOM Exchange uses Bitcoins and Ethers that are stored in your OSOM Wallet. Post-trade Euro settlement in OSOM account happens almost instantly, meaning that you can withdraw to your bank right after you've made a trade. However, the withdrawal transaction will take some time before it reaches your bank account.
Minimum trade & deposit amount
The minimum trade amount is 25 EUR. The minimum deposit amount is 50 EUR.
Every buy or sell operation has a cost, and thus includes a transaction and an execution fee to cover it. But let's not dive into too technical jargon. We have decided to fix the execution fee of 1.5% of the exchange amount and that's it.
We are connected to several exchanges and use their liquidity to execute every trade. The prices of assets you see on the main screen of OSOM Exchange are the indicative average prices calculated by the formula: (best bid + best ask) / 2. The prices you receive after selecting the type of operation (buy or sell) only take into account the respectful part of the orderbook (i.e. bids for sells and ask for buys).
Deposit Euros into the OSOM exchange
To deposit Euro into the OSOM Exchange, you need to transfer the desired sum to our bank via a SEPA or a SWIFT transfer. Here is where to find the credentials: Click on Exchange Click on Deposit Eur
Buy or sell in the OSOM exchange
Here are the steps: Click on Exchange Click on the asset you want to trade Choose whether you want to buy or sell Enter the amount Click on Calculate Click on Confirm to confirm the trade Voilà! It's done.