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 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. UMA (UMA) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like 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'll immediately have access to your funds and you can begin purchasing and trading. To buy UMA (UMA) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to discover UMA (UMA), you'll need to insert the cointype (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 continue.
Step 4 – Purchasing UMA (UMA) Once you've discovered UMA (UMA), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the recent price UMA (UMA) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of UMA you wish to buy. The ”Total” field is the total price in BTC that you'll settle for the complete volumen of UMA. When you are happy, make a mouse click on “Buy UMA”. Your order will be filled as soon as a Vender trades their UMA for the price you introduced.
Step 5 – Withdraw UMA (UMA) Unless you are regularly trading, never keep your coins on an Crypto Exchange for an longer period of time. To take off your UMA (UMA), go to the tab called “Funds” and mouse click on “Withdraw”. UMA (UMA) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find UMA (UMA) by using the given drop-down box. Put into the quantity of UMA (UMA) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.