How to Buy UMA (UMA)

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

Step 1 – Join CEX.io

You will first need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and to get Funds.

Binance Signup
Step 2 – Send Your Funds to an Exchange

Your Ethereum or Bitcoin will need 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 illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find (UMA) UMA

Once your deposit has been approved, you'll immediately have access to your funds and you can begin purchasing and trading. To purchase (UMA) UMA on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to find (UMA) UMA, you'll need to put the short name of the asset (UMA) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “UMA/BTC” to go on.

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

Once you've discovered UMA (UMA), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled with the latest price UMA (UMA) was sold for. This can be changed to your desired rate. The ”Amount” field is the volumen of UMA you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete volumen of UMA.

When you're glad, make a mouse click on “Buy UMA”. Your plan will be filled as soon as a Vender sells their UMA for the price you offered.

Step 5 – Withdraw (UMA) UMA

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

Locate (UMA) UMA by using the provided drop-down box. Drop in the volumen of (UMA) UMA you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

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

Binance Withdraw

Kudos! You have successfully purchased and safed UMA (UMA).

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the UMA (UMA) is safe in your wallet, you are all done.