A Step-by-Step-Guide on how to buy Universal Molecule (UMO)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Universal Molecule (UMO) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Universal Molecule (UMO) Once your deposit has been affirmed, you will instantly have access to your finances and you can start buying and trading. To invest in Universal Molecule (UMO) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To spot Universal Molecule (UMO), you will need to put the short name of the asset (UMO) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've highlighted this too. Click on “UMO/BTC” to proceed.
Step 4 – Buying Universal Molecule (UMO) Once you have found Universal Molecule (UMO), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to create our Limit Order. The ”Price” field will be filled automatically with the most latest tariff Universal Molecule (UMO) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of UMO you want to purchase. The ”Total” field is the total price in BTC that you will pay for the complete volumen of UMO. If you are satisfied, make a mouse click on “Buy UMO”. Your order will be filled as soon as a Vender trades their UMO for the price you introduced.
Step 5 – Withdraw Universal Molecule (UMO) Unless you are trading, never keep your coins on an Exchange for an longer period of time. In order to take off your Universal Molecule (UMO), go to the ”Funds” tab and click on “Withdraw”. Universal Molecule (UMO) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Universal Molecule (UMO) by using the given drop-down box. Drop in the volumen of Universal Molecule (UMO) you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You could be requested for phone/email verification before a withdrawal.