Buy UMA Now<\/span><\/a><\/div>\nAlways consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.\u00a0<\/i><\/p>\nHow to Buy UMA Online\u2014Full Step-By-Step Walkthrough<\/b><\/span><\/h2>\nBeing your first time dealing with a cryptocurrency or a decentralized exchange platform, you might find the quickfire walkthrough above a little daunting. We understand that. As such, the following steps are tailored to lead you through how to buy UMA tokens more carefully.<\/span><\/p>\nStep 1: Download Trust Wallet<\/b><\/span><\/h3>\nPancakeswap is a decentralized exchange platform that requires an ideal wallet before it can be used. Trust wallet is the best option as it connects and interacts with decentralized applications like Pancakeswap seamlessly. It is backed by Binance, the biggest cryptocurrency exchange in the world, and its ease of use makes it convenient for newbies.<\/span><\/p>\n<\/p>\n
Trust wallet is a software wallet and can be downloaded on mobile devices via Google Playstore or Appstore. Once the download is complete, proceed to create an account and note your login details. Likewise, you will be provided with a 12-word passphrase relevant for use if you misplace your phone or forget your pin.<\/span><\/p>\nStep 2: Fund Your Trust Wallet with Cryptocurrency<\/b><\/span><\/h3>\nA new wallet will be empty as you\u2019re yet to credit it. As such, you need to fund it with cryptocurrency before you can buy UMA. Funding your Trust wallet is quite simple, and there are two ways to do it.\u00a0<\/span><\/p>\nSend Cryptocurrency from an External Wallet<\/b><\/span><\/h4>\nThe easiest way to fund your Trust Wallet is to initiate a transfer from an external wallet. Notably, this can only be done if you have digital assets to hand.\u00a0\u00a0<\/span><\/p>\nAll you need to do is:<\/span><\/p>\n\n- Select \u2018Receive\u2019 in your Trust Wallet.<\/span><\/li>\n
- Select the cryptocurrency you want to transfer in.<\/span><\/li>\n
- You will receive a unique wallet address to where the token will be sent.<\/span><\/li>\n
- Copy the address and head on to the external wallet where you have the digital assets stored.<\/span><\/li>\n
- Paste the unique address in the \u2018Send\u2019 section.\u00a0<\/span><\/li>\n
- Input the amount of cryptocurrency you want to send.<\/span><\/li>\n
- Confirm your transaction.<\/span><\/li>\n<\/ul>\n
The cryptocurrency will be sent to your Trust Wallet immediately after the transaction is confirmed.<\/span><\/p>\nFund your Trust Wallet using your Debit\/Credit Card<\/b><\/span><\/h4>\nIf you do not have digital assets in an external wallet, you have an alternative. One of the advantages of owning a Trust Wallet is that it enables you to buy cryptocurrency with your debit\/credit card.\u00a0<\/span><\/p>\n\n- Open your Trust Wallet app. Select \u2018Buy,\u2019 which is at the top part of the app.<\/span><\/li>\n
- You will be shown all the tokens you can buy with your card.<\/span><\/li>\n
- Select the token you want to buy. It is advisable to go for Binance Coin (BNB) or any other popular token like Bitcoin or BUSD.\u00a0<\/span><\/li>\n
- After that comes the Know Your Customer (KYC) process, which is needed because you are buying cryptocurrency with fiat money.<\/span><\/li>\n
- Following the KYC process, input your card information and the amount of cryptocurrency you want to buy.\u00a0<\/span><\/li>\n
- Confirm your transaction.\u00a0<\/span><\/li>\n<\/ul>\n
In no time, the cryptocurrency will appear in your Trust Wallet.\u00a0<\/span><\/p>\nStep 3: Buy UMA through Pancakeswap<\/b><\/span><\/h3>\nAfter funding your wallet with cryptocurrency, the next thing is to buy UMA through Pancakeswap. To do this, connect Pancakeswap to your Trust Wallet and buy UMA by swapping directly with the digital asset you already have in your wallet.\u00a0<\/span><\/p>\n<\/p>\n
Here is a breakdown of the process.\u00a0<\/span><\/p>\n\n- On the Pancakeswap page, select \u2018DEX.\u2019<\/span><\/li>\n
- Click on the \u2018Swap\u2019 tab.<\/span><\/li>\n
- You will be shown the \u2018You Pay\u2019 tab. This is where you choose the cryptocurrency you are paying with.<\/span><\/li>\n<\/ul>\n
For example, if you have Binance Coin already in your Trust Wallet, you are going to pay with BNB.<\/span><\/p>\n\n- Next, go to the \u2018You Get\u2019 tab. Select UMA from the drop-down list.\u00a0<\/span><\/li>\n
- You will be shown the amount of UMA the swapping equates to.\u00a0<\/span><\/li>\n
- Select \u2018Swap\u2019 to complete the transaction.\u00a0<\/span><\/li>\n<\/ul>\n
Check your Trust Wallet; your UMA token will already be there.<\/span><\/p>\nStep 4: How to Sell UMA<\/b><\/span><\/h3>\nAfter buying UMA tokens, a time will come when you\u2019ll want to make a profit. Since you have to trade your cryptocurrency to realize its value, then the how to buy UMA process is just as important as the selling procedure.\u00a0<\/span><\/p>\nThere are various ways you can trade your UMA tokens. The strategy you use will depend on your end-goal. It is either you cash out or swap your UMA tokens for another cryptocurrency.<\/span><\/p>\n\n- If you want to swap UMA with another cryptocurrency, you can do so on Pancakeswap using the same process as explained in Step 3.\u00a0<\/span><\/li>\n
- If you want to cash out your UMA tokens, you will have to sell them elsewhere. You can do this using a third-party cryptocurrency exchange like Binance.\u00a0<\/span><\/li>\n<\/ul>\n
However, you will need to complete a KYC process before being able to withdraw fiat money.\u00a0<\/span><\/p>\nWhere to Buy UMA Online<\/b><\/span><\/h2>\nYou can\u2019t completely learn how to buy UMA without knowing the right place for doing it. There are a number of exchanges where you can buy UMA. But, if you are looking for a seamless purchase, the best place is Pancakeswap.\u00a0<\/span><\/p>\nHere are the reasons why Pancakeswap is the best option.\u00a0<\/span><\/p>\nPancakeswap\u2014Buy UMA through a Decentralized Exchange<\/b><\/span><\/h3>\n<\/span><\/b><\/h3>\nPancakeswap is a decentralized exchange that allows for direct peer-to-peer secured digital asset transactions without an intermediary. In transactions made through decentralized exchanges, the traditional third-party entities that typically manage the security and transfer of assets\u2014stockbrokers, banks, etc\u2014are substituted for a blockchain or distributed ledger.\u00a0<\/span><\/p>\nBecause users do not require sending their assets to the exchange, the risk of cryptocurrency loss owing to hacking is reduced. Pancakeswap also limits value manipulation or forged order volume via wash trading. The exchange also supports private trading, as you\u2019re not required to go through any KYC process.\u00a0<\/span><\/p>\n<\/p>\n
Pancakeswap\u2019s interface supersedes that of other well-known DEX\u2019s. It is effortless to use, and you do not need any previous experience to navigate the primary trading functions. In addition, the platform is created to enable anyone to maximize their profit. For example, you can loan your digital assets to liquidity pools, and in return, you gain tokens that can be staked to earn even more profits.<\/span><\/p>\nPancakeswap has proved to be very secure. For instance, it is a non-custodial decentralized exchange. This means that the platform never keeps your assets directly in big hot wallets. Also, the platform has taken many steps to further help improve its security image. For example, Pancakeswap has been audited by the well-known cyber-security firm CertiK.<\/span><\/p>\nPros:<\/b>
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