A Step-by-Step-Guide on how to buy UMA (UMA)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and getting your Bitcoin or Ethereum.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. UMA (UMA) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate UMA (UMA) Once your deposit has been verified, you'll directly have access to your finances and you can initiate buying and trading. To invest in UMA (UMA) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To find UMA (UMA), you'll need to insert the short name of the asset (UMA) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “UMA/BTC” to advance.
Step 4 – Buy UMA (UMA) After you've found UMA (UMA), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate UMA (UMA) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of UMA you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of UMA. If you are happy, make a mouse click on “Buy UMA”. Your plan will be filled when a Vender trades their UMA for the price you gave.
Step 5 – Withdraw UMA (UMA) Unless you're regularly trading, best advise is not to keep coins on an Exchange for an extensive time period. To take off your UMA (UMA), hover over the ”Funds” tab and mouse click on “Withdraw”. UMA (UMA) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate UMA (UMA) by using the provided drop-down box. Put into the volumen of UMA (UMA) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.