A Step-by-Step-Guide on how to buy Aave REP (AREP)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Aave REP (AREP) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the exact coin you want 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 (Follow our guide).
Step 3 – Find Aave REP (AREP) Once your deposit has been verified, you will immediately have access to your funds and you can launch purchasing and trading. To invest in Aave REP (AREP) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to spot Aave REP (AREP), you will need to insert the shortname of the coin (AREP) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this also. Click on “AREP/BTC” to proceed.
Step 4 – Buy Aave REP (AREP) After you have located Aave REP (AREP), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most latest tariff Aave REP (AREP) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of AREP you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of AREP. If you are glad, click on “Buy AREP”. Your order will be filled when a Seller trades their AREP for the price you introduced.
Step 5 – Withdraw Aave REP (AREP) Unless you're trading, best advise is not to keep your crypto on an Exchange for an extensive period of time. In order to take off your Aave REP (AREP), hover over the ”Funds” tab and click on “Withdraw”. Aave REP (AREP) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave REP (AREP) by using the given drop-down box. Put into the volumen of Aave REP (AREP) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.