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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Aave REP (AREP) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Aave REP (AREP) Once your deposit has been confirmed, you'll directly have access to your finances and you can commence buying and trading. To buy Aave REP (AREP) on Binance, you'll want to go to the tab which is called “Exchange” and after that 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 highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this too. Click on “AREP/BTC” to continue.
Step 4 – Purchasing Aave REP (AREP) Once you've located Aave REP (AREP), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff Aave REP (AREP) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of AREP you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of AREP. If you're satisfied, click on “Buy AREP”. Your order will be filled when a Vendor sells their AREP for the price you introduced.
Step 5 – Withdraw Aave REP (AREP) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer period of time. To withdraw your Aave REP (AREP), hover over the ”Funds” tab and click on “Withdraw”. Aave REP (AREP) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave REP (AREP) by using the given drop-down box. Enter the amount of Aave REP (AREP) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, click on “Submit”. You may be asked for email/phone verification before a take off.