Purchasing UMA (UMA) on the Binance platform
You can find many trading platforms today on the WWW, but certainly Binance is one of the most popular and innovative.
Understanding how to trade with UMA (UMA) is vital in case you want to start out trading on that platform.
Keep on reading this post and you’ll discover all the information you should have for buying crypto on Binance.
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Understand how to register on Binance
To be able to buy UMA (UMA) on Binance, the initial step you have to know is how to open your account.
Registering to the platform is easy: check the following guidelines.
Search for the "Register" option in the Binance homepage and press on it to begin the registration process.

Click here to go straight to the Binance platform.
Locate the "Register with a phone or email" button in the main page and press it.

Apple mobile phones or tablets can be used to do this as well.
In this article we’ll will describe the subscription process using an e-mail address.
- In the window that is shown, choose your country of residence from the drop-down list.
- The next step is picking a secure password. This is quite important since it’s all about your money’s safety, so you must to invent a really strong one

- Indicate whether you want to receive information and news directly from Binance to your email address. Accept the "Terms of Service" and click on "Create Account"
You should have received an e-mail in the address you’ve just used to create your Binance account. In its text you’ll find a one-time-only activation code you will enter in the corresponding box. Then click on "Send"
Finally, your Binance enrollment has been activated.
You can now navigate the Binance platform and observe all the options it offers.
That’s the best way to understand how friendly the Binance platform is, and how fast you can start operating with UMA (UMA).
Fulfill the mandatory identity checking to enable all those options.
Please, take into account that it is only after you have completed this safety step that you’ll obtain permission to start trading UMA (UMA).
However, you don’t need to worry, see the following instructions to know how to do it.
How to verify your account and get started on trading
These are the instructions to verify your Binance account and get the authorization to start operating:
On the main screen, hover the mouse on the user profile button and a list will immediately show up where you will press "Security"
Or simply look for the "Verify" button on the top of the screen

In the list displayed on the left-hand area of the screen, pick the "Identification" option.
Select the Country of Residence.
The platform displays you three verification levels: the current one, the Verified, and the Verified Plus.

Click on the "Start now" button below the "Verified" label, for this is the beginning level.
At this point, some personal information is required:
- Nationality.
- First and Last Name.
- Middle name and date of birth.
- Exact address of your residence.
- Middle name and birth date.
- Middle name and date of birth.
Next, you’ll have to to use a legal document to corroborate your identity.
You can do this with your ID card, passport, or driver’s license.
Now the platform will require you to take a selfie following certain instructions.
After fulfilling all those requisites, the Binance platform will perform a confirmation process on your account.
All you need to do is wait patiently, Binance will let you know via email when your request has been approved.
Upon receiving that e-mail it’s time to purchase UMA (UMA), just follow the instructions below.
Purchasing UMA (UMA) on Binance
All right, account approved was all you needed to begin buying UMA (UMA) right now.
Learning how to invest your money in UMA (UMA) is actually quite easy.
The next step is to support your identity using a legal document.
You can do this with your ID card, passport, or license.
Now the system will ask you to take a selfie under certain conditions.
After fulfilling all those requirements, the Binance platform will do a confirmation process on your account.
All you have to do is wait patiently, Binance is going to let you know via email as soon as your profile has been accepted.
Congrats! Once you’ve received the confirmation you’re officially licensed to trade UMA (UMA). The following instructions will be helpful.
How to purchase UMA (UMA) on Binance
So, account confirmed was all you needed to begin purchasing UMA (UMA) right now.
In this section you’ll realize how simple is to convert cash into UMA (UMA).
Take into account that you may find more than one option for this process
To know which alternatives are available to you when buying, see the "Buy cryptos" menu on the Binance main page.

Obviously, you’ll only be able to do this after you’ve logged in
Placing your mouse pointer over this button will show a list of alternatives to make the purchase.
It is time to sustain your identity using a legal document.
You can do this with your passport, ID card, or license.
Now the system will require you to take a selfie under certain conditions.
Once those steps have been fulfilled, the Binance system will execute a confirmation process on your account.
Now you have to wait until your profile has been accepted. Be patient, the system will let you know via e-mail.
Upon receiving that email it’s time to get UMA (UMA), just see the guidelines below.
How to purchase UMA (UMA) on Binance
Beginning your UMA (UMA) trading experience has never been so simple, right?.
In this section you’ll realize how simple is to invest your money in UMA (UMA).
Some steps might have alternative paths
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.

Needless to say you must be logged into your account to be able to do this
See all the different buying options just by placing your mouse over this button.
Did you know you can use your debit or credit card for buying cryptocurrencies?
Choose the credit card-related option from the drop-down list labeled "Buy Cryptos".
The following instructions will help you in the process:
Now you should choose the currency you want to buy with and indicate how much you want to invest.

In the second field you should choose the UMA (UMA) you’d like to get
After you do so, the system will immediately show you the number of UMA (UMA) you’ll be given, according the amount of USD you’ve just invested.
After that, just follow these directions:
In the next box, pick the currency you wish to buy with and specify the amount you are going to invest.

Next, pick the UMA (UMA) you are going to purchase
Once you do so, the platform will automatically show you the quantity of UMA (UMA) you’ll get, according the amount of USD you’ve recently specified.
Press "Continue".
In case you decided to pay with a credit card, go to the "Visa/Mastercard" box and click on the "Add card" button.

Then the platform will ask you to indicate your card data.
Now specify the physical address details for the credit card. Then select "Add card".
With this step, your credit card will be added to the valid methods of payment in your account. Click "Continue".
Next, you’ll see an overview of the transaction about to be completed. It includes the amount you are paying, the selected currency and the amount of UMA (UMA) purchased.
It will also indicate the commission you will need to pay for the transaction.
At this point you have 60 seconds to press "Confirm", otherwise the order will be automatically shut down.

The platform will now send you to the bank issuing the credit card. Follow the guidelines in the same way you would normally generate a payment with your credit card.
After the banking process is complete, you will have your recently purchased UMA (UMA) in your Binance digital wallet (referred to as the «Spot Wallet»)
See how easy is how to buy UMA (UMA) with Binance P2P
That means «Person To Person», i.e.: trading UMA (UMA)
with another Binance user. To achieve this, the first step is to add which payment method you want to work with.
Next, you’ll be presented an overview of the transaction in its final stage. That includes the amount you are paying, the chosen currency and the amount of UMA (UMA) you will receive.
Certainly, Binance will claim a small amount as a commission for supporting the transaction, and that will appear in that snapshot also.
In less than 1 minute click on "Confirm", and then the order will be automatically terminated.

The Binance platform will now reroute you to the bank issuing the credit card. Proceed exactly as you usually do when making a payment with your credit card on the bank website.
As soon as the banking process has been completed, you are already in possession of the purchased UMA (UMA) in your Binance digital wallet (called the «Spot Wallet»)
Purchase UMA (UMA) with Binance P2P
This is a transaction made «Person To Person», i.e.: trading UMA (UMA)
with another Binance subscriber. To do this, the first step is to add which payment method you would want to make use of.

- Go to "Security" in your profile.
- Press "Payment" on the left-hand side of the screen.
- After Clicking on "Add a Payment Method" the Binance system will guide you through the rest of the procedure.
After the new payment method has been added to your profile, look for the "Buy Crypto" menu on the upper part of the screen, press on the "Trading P2P" button and follow the directions described below:
- On the top bar of the "P2P Account" tab, choose "Buy"
- This bar shows the list of UMA (UMA) available for buying via P2P operations. Choose the one you would like to buy, in our case we will present «USDT» as an example.It is important to note that once you purchase one of these cryptocurrencies via P2P trading, you’ll be able to exchange it for any of the currencies that operate on the Binance platform.
- It is time to select the local currency you want to pay with, for example, «VES». Simply, drop down the list under the "Fiat" label.
- Now you must enter the amount in VES you’d like to use in the "Amount" box.
- You will see a register of dealers’ offers a little while after you’ve indicated the payment method.
- From the list displayed list, you can pick any of the traders. Although it is recommendable to select a verified one and better if a high percentage of completed sales is displayed.
- Now select "Buy USDT"
- Enter the amount in VES you would like to pay
- Click on "Buy USDT" again
- A purchase order has been created and the trader and you will be able to contact each other for further details, if needed. You have a time limit to complete, if you fail doing so the order will be shut down by the system (and that’s not good for your rating as a buyer). Once you paid, press "Transferred, Next", then press "Confirm".
Ways to transfer your UMA (UMA) to the Spot Wallet
Cryptos will be released by the trader as soon as payment reception acknowledge has been done.
The place where UMA (UMA) are transferred to is your account wallet.
Nonetheless, you need to send them to your Spot Wallet in case you want to get any other cryptocurrency.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
Should you forget to do this right after the purchase, no problem at all: you’ll be able to do it at any moment.
Tips on how to transfer your UMA (UMA) to the Spot Wallet
After you have completed a payment to the trader, they will release the UMA (UMA), just by confirming payment reception.
The default place where UMA (UMA) are deposited is your Binance wallet.
NB: you need to move them to your Spot Wallet in order for you to buy another cryptocurrency.
You can do this immediately right after the buying order is completed just by clicking "Transfer to Spot Wallet".
This UMA (UMA) internal movement can be carried out anytime later.

- Click on "Wallet Funds" from the "Wallet" drop-down list.
- The "Transfer" option is located at the top right. Click on it.
- In the pop-up window, change the «From» and «To» options to the following configuration:
- From: "Funds"
- To: "Fiat and Spot"
- Select the currency according to the funds you have in the platform, in this example we’ll use «USDT»
- Set the amount you are about to move to the spot walet and click "Confirm".
That’s all! This way you will have funds in the Spot Wallet so you will be able to trade any of the several of UMA (UMA) that the Binance platform has.

Buy any cryptocurrency from Binance just following the instructions described next:
- In the top section, loate the "Trading" option.
- From that listing choose the "Convert" option.
- Fill in the box the amount of «USDT» you would like to invest.
- Select the crypto you intend to get.
- Press "Preview conversion".
- Validate the transaction and that’s it. You now will have the amount of the selected crypto in your Spot Wallet.
Perfect! Now you have funds available to purchase any of the numerous UMA (UMA) in the Binance platform.

Note how easy is to purchase any crypto from the Binance platform:
- Select the "Trading" option in the top top panel.
- From the listing select the "Convert" alternative.
- Fill in the box the sum of «USDT» you wish to invest.
- Now mark the cryptocurrency you’re interested in.
- Select "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the amount of the chosen cryptocurrency in your Spot Wallet.
Based on the above mentioned information, you are now ready to begin trading on the Binance platform.
So, no need to think twice, make a fruitful business in the Binance platform.