How to Buy UMA (UMA)

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and getting Bitcoin or Ethereum.

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. UMA (UMA) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find UMA (UMA)

Once your deposit has been approved, you will directly have access to your finances and you can start purchasing and trading. To invest in UMA (UMA) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to discover UMA (UMA), you'll need to put the short name of the asset (UMA) into the search box, which is marked in the picture. Be certain of having selected the correct grouping, we have highlighted this also. Click on “UMA/BTC” to continue.

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

After you've located UMA (UMA), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate UMA (UMA) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of UMA you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of UMA.

If you are happy, make a mouse click on “Buy UMA”. Your order will be filled when a Vendor sells their UMA for the price you offered.

Step 5 – Withdraw UMA (UMA)

Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. In order to take off your UMA (UMA), go to the tab called “Funds” and click on “Withdraw”. UMA (UMA) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate UMA (UMA) by using the provided drop-down box. Enter the volumen of UMA (UMA) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and safed UMA (UMA).

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (UMA) UMA is safe within your wallet, you are finished.

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