A Step-by-Step-Guide on how to buy Aave REP (AREP)
Step 1 – Signup to CEX.io You will first need to purchase one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Aave REP (AREP) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (AREP) Aave REP As soon as your deposit has been confirmed, you will immediately have access to your finances and you can launch invest and trading. To invest in (AREP) Aave REP on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. To locate (AREP) Aave REP, you will need to put the shortname of the coin (AREP) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've highlighted this too. Click on “AREP/BTC” to go ahead.
Step 4 – Purchase (AREP) Aave REP As soon as you have discovered (AREP) Aave REP, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff (AREP) Aave REP was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of AREP you want to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole amount of AREP. If you're glad, make a mouse click on “Buy AREP”. Your plan will be filled when a Vendor trades their AREP for the price you submitted.
Step 5 – Withdraw (AREP) Aave REP Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer period of time. In order to take off your (AREP) Aave REP, go to the tab called “Funds” and mouse click on “Withdraw”. (AREP) Aave REP can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (AREP) Aave REP by using the given drop-down box. Put into the volumen of (AREP) Aave REP you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.