How to Buy UMA (UMA)

A Step-by-Step-Guide on how to buy UMA (UMA)

Step 1 – Signup to Coinbase and recieve 10$ for free

You'll first need to buy units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your first $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. UMA (UMA) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find (UMA) UMA

As soon as your deposit has been verified, you will now have access to your finances and you can initiate buying and trading. To invest in (UMA) UMA on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to find (UMA) UMA, you will need to put the shortname of the coin (UMA) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this too. Click on “UMA/BTC” to continue.

Binance Hot To Buy UMA (UMA)
Binance How to Buy (UMA) UMA
Step 4 – Purchasing (UMA) UMA

Once you have found (UMA) UMA, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The ”Price” field will be automatically filled with the most up-to-date tariff (UMA) UMA was sold for. You can change this to your desired rate. The ”Amount” field is the amount of UMA you want to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the complete amount of UMA.

If you are satisfied, make a mouse click on “Buy UMA”. Your plan will be filled when a Vender sells their UMA for the price you submitted.

Step 5 – Withdraw (UMA) UMA

Unless you're trading, you should never keepyour coins on an Crypto Trader for an extensive period of time. To withdraw your (UMA) UMA, hover over the tab called “Funds” and mouse click on “Withdraw”. (UMA) UMA can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (UMA) UMA by using the provided drop-down box. Put into the quantity of (UMA) UMA you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Binance Withdraw

Congrats! You have successfully purchased and stored (UMA) UMA.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (UMA) UMA is safe in your wallet, you are finished.