A Step-by-Step-Guide on how to buy Aave REP (AREP)
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Aave REP (AREP) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Aave REP (AREP) Once your deposit has been verified, you will now have access to your funds and you can start buying and trading. To purchase Aave REP (AREP) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To find Aave REP (AREP), you will need to insert the short name of the asset (AREP) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “AREP/BTC” to go ahead.
Step 4 – Buying Aave REP (AREP) As soon as you've spotted Aave REP (AREP), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The ”Price” field will be filled with the most latest valuation Aave REP (AREP) was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of AREP you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of AREP. When you are glad, make a mouse click on “Buy AREP”. Your order will be filled as soon as a Seller trades their AREP for the price you introduced.
Step 5 – Withdraw Aave REP (AREP) Unless you're regularly trading, you should never keepyour coins on an Exchange for an longer period of time. In order to take off your Aave REP (AREP), hover over the ”Funds” tab and mouse click on “Withdraw”. Aave REP (AREP) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave REP (AREP) by using the provided drop-down box. Enter the amount of Aave REP (AREP) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click on “Submit”. You could be asked for email/phone verification ahead of a take off.