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.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. UMA (UMA) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) 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, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate UMA (UMA) As soon as your deposit has been approved, you'll instantly have access to your assets and you can initiate purchasing and trading. To buy UMA (UMA) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To locate UMA (UMA), you will need to put the cointype (UMA) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we've marked this too. Click on “UMA/BTC” to go ahead.
Step 4 – Purchasing UMA (UMA) Once you've located UMA (UMA), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are going to make our own Limit Order. The ”Price” field will be filled with the most latest valuation UMA (UMA) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of UMA you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of UMA. If you are satisfied, click on “Buy UMA”. Your order will be filled as soon as a Vendor sells their UMA for the price you gave.
Step 5 – Withdraw UMA (UMA) Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. In order to take off your UMA (UMA), go to the ”Funds” tab and click on “Withdraw”. UMA (UMA) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate UMA (UMA) by using the given drop-down box. Drop in the amount of UMA (UMA) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.