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 – Transmit Your Funds to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. UMA (UMA) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find UMA (UMA)

As soon as your deposit has been affirmed, you will immediately have access to your funds and you can start purchasing and trading. To invest in UMA (UMA) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to discover UMA (UMA), you'll need to put the shortname of the coin (UMA) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “UMA/BTC” to proceed.

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

After you have located UMA (UMA), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we're going to make our own Limit Order.

The ”Price” field will be filled with the most up-to-date valuation UMA (UMA) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of UMA you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete volumen of UMA.

When you are glad, make a mouse click on “Buy UMA”. Your order will be filled as soon as a Vender sells 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 Exchange for an extended time frame. To withdraw your UMA (UMA), go to the ”Funds” tab and click on “Withdraw”. UMA (UMA) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find UMA (UMA) by using the given drop-down box. Put into the volumen of UMA (UMA) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Binance Withdraw

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

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off with Etherscan.io or Ethplorer.io and the (UMA) UMA is safe within your wallet, you're done.

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