A Step-by-Step-Guide on how to buy UMA (UMA)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. UMA (UMA) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (UMA) UMA Once your deposit has been verified, you'll directly have access to your assets and you can start buying and trading. To buy (UMA) UMA on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot (UMA) UMA, you'll need to put the short name of the asset (UMA) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “UMA/BTC” to proceed.
Step 4 – Acquisition of UMA (UMA) After you've located UMA (UMA), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our Limit Order. The ”Price” field will be filled with the latest rate UMA (UMA) was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of UMA you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of UMA. When you're satisfied, click on “Buy UMA”. Your plan will be filled when a Vender sells their UMA for the price you gave.
Step 5 – Withdraw UMA (UMA) Unless you're regularly trading, you should never keepyour coins on an Exchange for an longer time period. To take off your UMA (UMA), go to the ”Funds” tab and mouse click on “Withdraw”. UMA (UMA) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find UMA (UMA) by using the given drop-down box. Put into the volumen of UMA (UMA) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click “Submit”. You could be requested for phone/email verification before a take off.