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Where & How to Buy UMA (UMA) for Beginners in 2025
In this guide
The safest and easiest way to buy UMA is through a cryptocurrency exchange, which functions similarly to a stock trading platform. It takes just a few minutes to buy UMA this way. Follow our quick step guide below.
How to buy UMA quickly in 3 steps
Copy link to sectionTo get UMA, you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time, and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to a crypto platform
Copy link to sectionSign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.
Gemini
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.
Step 3. Buy UMA token
Copy link to sectionLocate the search box and type UMA. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.
Now you own UMA tokens! Not a big deal, right?
The easiest way to buy UMA
Copy link to sectionThe overall best platform to buy UMA for beginners is Bitvavo .
Here are the top five places to buy UMA, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
- OKX: Best for futures and margin trading
Read more about how we rate, rank and review platforms.
Best exchanges to buy UMA (UMA), reviewed
Copy link to sectionWe found 4 crypto platforms for users based in
1. OKX. Best for futures and margin trading
Copy link to section
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
Highlights
| No. of tradable assets | |
| Min. Deposit | |
| ID verification required | No |
| Free demo account | No |
| Supported assets | |
| Mobile trading app | No |
| Web trading platform | No |
| Regulatory bodies |
Pros & Cons
How to trade UMA
Copy link to sectionYou can trade UMA on a cryptocurrency exchange using simple steps. Here’s a quick example that clearly lays out how UMA crypto trading works:
- Monitor the price: For simplicity, let’s say the price of UMA/USDT is $1. You read the price charts and decide that now is a good time to start purchasing UMA.
- Open a trade: You trade one USDT for one UMA ($1 USD for 1 UMA).
- Continue to monitor the price: The following month, one UMA token is now worth $2, a 100% increase.
- Close your trade: You trade your UMA token back to USDT for $2.
In this example, you buy and sell UMA, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts and technical patterns, and understanding markets and margin trading, which you can do right here on Invezz.com.
What is the best way to invest in UMA (UMA)?
Copy link to sectionThe simplest way to buy UMA cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for UMA.
- Buy UMA with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy UMA with a bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
- Buy UMA with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option. However, you can find here the best crypto exchanges that accept PayPal.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store UMA (UMA)?
Copy link to sectionMost people keep their crypto on the exchange they used to purchase it. If you only plan to hold onto it for a little while, then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of UMA then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet or a safe, where you take responsibility for it yourself. Two of the best UMA wallets to use are MetaMask and the Ledger Nano S.
Should I buy UMA now?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, purchasing UMA, selling UMA, and trading UMA are all the exact same process in literal terms. It’s just your personal investing intentions that define whether ‘now’ is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long-term in the hopes of larger profits. In this sense, any time is a good time to trade UMA.
- As a long-term investor: a long-term investor is not concerned if the price is up or down 10% on any given day. Instead, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of UMA, then a good time to purchase UMA is on any significant dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying UMA and selling it the next day probably isn’t why you’re here either.
How has UMA (UMA) performed this year?
Copy link to sectionThe current UMA price today is $1.40, which is -96.78% versus its all time high of $43.37, which it reached on 04 February 2021. UMA is -66.40% this year, with a 52-week high of $4.83 and a 52-week low of $1.06.
Regardless, closely following UMA price news & analysis will help you decide when to pull the trigger.
