How to Buy UMA (UMA) in Armenia

A Step-by-Step-Guide on how to buy UMA (UMA) in Armenia

Step 1 – Signup to Coinmama

In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your Funds to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. UMA (UMA) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find {UMA (UMA)|(UMA) UMA}

Once your deposit has been verified, you'll instantly have access to your finances and you can launch buying and trading. To purchase {UMA (UMA)|(UMA) UMA} on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”.

To find {UMA (UMA)|(UMA) UMA}, you'll need to put the cointype (UMA) into the search box, which is marked in the image. Be certain of having selected the right grouping, we've marked this also. Click on “UMA/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} UMA (UMA)
Step 4 – Buying {UMA (UMA)|(UMA) UMA}

As soon as you've spotted {UMA (UMA)|(UMA) UMA}, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date tariff {UMA (UMA)|(UMA) UMA} was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of UMA you wish to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the complete quantity of UMA.

When you're happy, make a mouse click on “Buy UMA”. Your plan will be filled when a Vender trades their UMA for the price you offered.

Step 5 – Withdraw {UMA (UMA)|(UMA) UMA}

Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to withdraw your {UMA (UMA)|(UMA) UMA}, go to the ”Funds” tab and mouse click on “Withdraw”. {UMA (UMA)|(UMA) UMA} can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {UMA (UMA)|(UMA) UMA} by using the provided drop-down box. Enter the quantity of {UMA (UMA)|(UMA) UMA} you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congrats! You have successfully purchased and safed UMA (UMA) in Armenia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the {UMA (UMA)|(UMA) UMA} is safe in your wallet, you're all done.

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