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 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto 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 Exchange? (Just follow this how-to)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find UMA (UMA)

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

To discover UMA (UMA), you'll need to insert the shortname of the coin (UMA) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we have marked this too. Click on “UMA/BTC” to go ahead.

Step 4 – Purchasing UMA (UMA)

As soon as you've found UMA (UMA), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation UMA (UMA) was sold for. This can be changed to your favoured price. The ”Amount” field is the volumen of UMA you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole volumen of UMA.

If you are glad, click on “Buy UMA”. Your plan will be filled as soon as a Vendor trades their UMA for the price you introduced.

Step 5 – Withdraw UMA (UMA)

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

Find UMA (UMA) by using the provided drop-down box. Drop in the quantity of UMA (UMA) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.