A Step-by-Step-Guide on how to buy Aave REP (AREP)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome 10$.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Aave REP (AREP) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (AREP) Aave REP As soon as your deposit has been verified, you will instantly have access to your funds and you can begin buying and trading. To invest in (AREP) Aave REP on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot (AREP) Aave REP, you will need to insert the short name of the asset (AREP) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this also. Click on “AREP/BTC” to progress.
Step 4 – Buying Aave REP (AREP) As soon as you have discovered Aave REP (AREP), you will be given a Chart with Prices (in the Center of the image) and a few 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 up-to-date rate Aave REP (AREP) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of AREP you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of AREP. When you're satisfied, click on “Buy AREP”. Your order will be filled as soon as a Vender sells their AREP for the price you submitted.
Step 5 – Withdraw Aave REP (AREP) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. In order to withdraw your Aave REP (AREP), hover over the tab called “Funds” and mouse click on “Withdraw”. Aave REP (AREP) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave REP (AREP) by using the given drop-down box. Drop in the amount of Aave REP (AREP) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You may be requested for verfication via phone/email before a take off.