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 – Transmit Your Funds to an Crypto 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. UMA (UMA) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate UMA (UMA) Once your deposit has been approved, you'll directly have access to your finances and you can start buying and trading. To buy UMA (UMA) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To find UMA (UMA), you will need to put the shortname of the coin (UMA) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this also. Click on “UMA/BTC” to progress.
Step 4 – Acquisition of UMA (UMA) Once you've discovered UMA (UMA), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our own Limit Order. The ”Price” field will be filled with the most up-to-date tariff UMA (UMA) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of UMA you want to buy. The ”Total” field is the aggregated price in BTC that you will pay for the whole volumen of UMA. When you're satisfied, click on “Buy UMA”. Your order will be filled as soon as a Vendor sells their UMA for the price you introduced.
Step 5 – Withdraw UMA (UMA) Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time frame. To take off your UMA (UMA), hover over the tab called “Funds” and click on “Withdraw”. UMA (UMA) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find UMA (UMA) by using the provided drop-down box. Put into the amount of UMA (UMA) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.