Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Ontology Gas (ONG) on LBank
Learn how to buy Ontology Gas (ONG) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy ONG on LBank
How to Buy ONG on LBank: Payment Methods Overview
Explore the available payment methods for buying ONG on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy ONG.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Ontology Gas (ONG) on LBank?
Check the preparations required before buying Ontology Gas (ONG) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy ONG with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Ontology Gas on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Ontology Gas. LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Ontology Gas on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Ontology Gas.
LBank supports multiple payment methods
You can use the following payment methods to purchase Ontology Gas on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Ontology Gas you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
MY MYR_reyfast 1004 min | 100% | 0.999 USD | 2545.86 USDT 20.000 - 2500.000USD | Bank Transfer | |
ON ONLY-MALAYSAN-MYR 691 min | 91.3% | 1.000 USD | 3141.93 USDT 10.000 - 3000.000USD | Bank Transfer | |
AM Amanah rizki 794 min | 100% | 1.000 USD | 363.61 USDT 50.000 - 363.610USD | True Money (Cambodia) Bank Transfer (Cambodia) ABA (Cambodia) |
What is Ontology Gas (ONG)?
Ontology Gas, commonly known by its ticker ONG, is one of two native tokens used by the Ontology blockchain. Ontology is a high-performance, open-source project that focuses on decentralized identity and data management solutions for the Web3 ecosystem. Launched in 2018, the network was designed to provide businesses and developers with a flexible infrastructure for building decentralized applications that prioritize privacy and trust. The project operates using a unique dual-token model consisting of ONT and ONG. This separation is intended to distinguish the value of the network from the cost of using it. While ONT serves as the governance token used for staking and making decisions about the network's future, ONG functions as the utility token or fuel for the system. The primary purpose of ONG is to power all operations on the Ontology blockchain. Every time a user initiates a transaction, deploys a smart contract, or interacts with a decentralized application, a small amount of ONG is consumed as a processing fee. This mechanism helps prevent network spam and compensates the nodes that maintain the blockchain's security and stability. A key feature of the Ontology ecosystem is its focus on decentralized identity through tools like ONT ID. This solution allows individuals to manage their digital identities securely without relying on centralized authorities. ONG is the essential resource required to facilitate these identity-related actions on-chain. In terms of how it is distributed, ONG is generated by staking ONT tokens. Users who participate in securing the network by staking their ONT are rewarded with ONG. This incentive structure encourages long-term participation and ensures that those who support the infrastructure have the necessary resources to use its services. Technologically, the network utilizes a consensus mechanism called VBFT, which combines Proof of Stake, Verifiable Random Function, and Byzantine Fault Tolerance. This allows for high transaction speeds and rapid finality. Additionally, Ontology has integrated with the Ethereum Virtual Machine to ensure better interoperability with other blockchain ecosystems. Recently, the community approved changes to the tokenomics of the project to enhance sustainability. These updates included a reduction in the total supply cap and a revised release schedule for new tokens. This transition was part of a broader effort to ensure the long-term health of the network and to better align the interests of users, developers, and node operators. Overall, ONG remains a fundamental component of the Ontology architecture, serving as the indispensable tool for all activity within its trust-focused ecosystem. Learn more
Is Ontology Gas (ONG) a good investment?
Whether Ontology Gas (ONG) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Ontology Gas (ONG) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying ONG on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
Date
2026-06-01
You will earn $-- in profit, with an ROI of --
What can you do with Ontology Gas (ONG)?
Investment
Buy and hold Ontology Gas (ONG), expecting its value to increase over time.
Trade
Actively trade Ontology Gas (ONG) on LBank to profit from price fluctuations.
Pay
Use Ontology Gas (ONG) to pay for goods and services where accepted.
Why is LBank the best platform to buy Ontology Gas (ONG)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Ontology Gas (ONG).
Competitive fees
LBank provides competitive trading fees for Ontology Gas (ONG).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Ontology Gas (ONG).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Ontology Gas (ONG) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Ontology Gas (ONG) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying ONG, what is the best way to store it?
After buying ONG, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
Ontology Gas (ONG) FAQ
Ontology utilizes a dual-token model where ONT serves as the governance token. Holders stake ONT to participate in network governance through voting. ONG, on the other hand, functions as the utility or "gas" token for the network. It is primarily used to cover transaction fees, execute smart contracts, and pay for data storage on the Ontology blockchain. This clear separation ensures robust governance while providing a dedicated token for operational network activities.
ONG's utility extends significantly beyond transaction fees. It is essential for interacting with Ontology's decentralized identity tools, known as ONT ID, enabling secure digital identity management. Developers use ONG to deploy and run decentralized applications (dApps) on the network. Furthermore, ONG plays a crucial role in participating in various DeFi protocols built within the Ontology ecosystem, such as Wing Finance, where it can be used for lending, borrowing, or other financial services, powering a diverse range of Web3 activities.
Ontology is designed to be a highly cost-effective network, making it accessible for a wide range of users and developers. Standard transactions on the network typically incur a very low, fixed fee of 0.05 ONG. This minimal transaction cost ensures that engaging with the blockchain, whether for transfers, identity interactions, or dApp usage, remains extremely economical, fostering greater adoption and frequent usage without significant overhead.
In late 2025, a pivotal event in ONG's tokenomics occurred when the Ontology community voted to approve a substantial supply reduction. This initiative involved the permanent burning of 200 million ONG tokens. Consequently, the total supply of ONG was significantly reduced from its initial 1 billion to 800 million. This strategic move aims to introduce greater scarcity for the token, aligning with the project's long-term vision for value and sustainability within the ecosystem.
The most common and direct way to earn ONG is by staking your ONT tokens. By holding and delegating your ONT to a consensus node on the Ontology network, you contribute to the network's security and operations. In return, ONT stakers receive periodic rewards in the form of newly generated ONG tokens. This can typically be done through official wallets, providing a passive income stream for committed network participants.
ONG is readily available for purchase on a variety of cryptocurrency exchanges, catering to different user preferences. You can acquire ONG on many reputable centralized exchanges, which offer user-friendly interfaces and robust trading functionalities. Additionally, for those who prefer decentralized options, ONG is also listed on leading decentralized exchanges, particularly those compatible with the BNB Chain version. This widespread availability ensures that users have multiple convenient avenues to obtain ONG.
