How to Buy Universal Basic Income (UBI)

Learn all about Buy Universal Basic Income

Universal Basic Income (UBI) is the ethereum-ecosystem related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 7023 based on market capitalization on CoinMarketCap, with a market capitalization of recorded at the time of writing. UBI has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Universal Basic Income. They wish to invest or purchase Universal Basic Income (UBI), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Universal Basic Income. Regardless of your location, Bitrue can provide you with a simple and secure way to buy UBI.

Where and how to buy Universal Basic Income

Universal Basic Income (UBI) is currently not available for fiat and spot trading on Bitrue exchange. However, you can purchase UBI on decentralized exchanges (DEX). Simply connect your crypto wallet to a DEX, choose the UBI trading pair, and complete the ordering process. Here is a step-by-step guide on purchasing UBI:

Steps to Buy Universal Basic Income (UBI)

Step 1 Create a Wallet

Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.

Step 2 Wallet Setup

Configure your wallet with a blockchain network protocol compatible with Universal Basic Income (UBI), ensuring that your cryptocurrency wallet can receive UBI.

Step 3 Choose a DEX

Select a decentralized exchange (DEX) that supports Universal Basic Income (UBI) trading. Popular DEX platforms include Uniswap, SushiSwap, PancakeSwap, etc., depending on the blockchain network hosting UBI.

Step 4 Connect Wallet

Connect your cryptocurrency wallet to the chosen DEX. This connection allows you to trade directly from your wallet without the need for a central intermediary.

Step 5 Choose UBI Trading Pair

Locate the UBI trading pair on the DEX platform (DEXs typically list tokens in pairs, such as UBI/ETH, UBI/USDT, etc.). Ensure your wallet has enough cryptocurrency to pay for the desired amount of UBI you want to purchase.

Step 6 Confirm Order

Decide on the type of trade you want to execute. DEX platforms offer options similar to centralized exchanges, such as market orders and limit orders. Confirm and execute your trade.

Step 7 Verify Transaction

Transactions on DEXs are recorded on the blockchain. Verify the completion of your trade on the blockchain explorer using your wallet address.

Step 8 Store Securely

After the transaction is completed, UBI will be automatically stored in your blockchain network wallet address. You may also consider transferring your UBI to a hardware wallet to enhance security, especially if you plan to hold it for the long term. This significantly reduces the risk associated with keeping digital assets in an online wallet.
Decentralized exchanges offer greater privacy, transparency, and control over your assets. However, they may have lower liquidity compared to centralized exchanges, and transactions can sometimes be associated with higher fees depending on the blockchain network. Always conduct thorough research on the chosen DEX and understand its features before initiating transactions.

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Alternative methods to acquire Universal Basic Income

Apart from directly buying Universal Basic Income (UBI), what are the alternative methods to acquire Universal Basic Income ?

Fixed Auto-Investment in UBI

Regularly invest a fixed amount at scheduled intervals in Universal Basic Income (UBI) digital assets, enjoying both short-term returns and long-term benefits.

Staking UBI

Flexible staking of Universal Basic Income (UBI) digital assets to earn interest or high returns in other cryptocurrencies.

Get Universal Basic Income (UBI) for free

If you have enough time, you can obtain Universal Basic Income for free through the following methods:

- Invite friends to join the Bitrue coupon event and earn free Universal Basic Income (UBI).

- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Universal Basic Income.

- All cryptocurrency airdrops and rewards can be exchanged for UBI through coin-to-coin exchange or spot trading.

How to keep your Universal Basic Income safe and secure

Once you have purchased Universal Basic Income, it is crucial to store it in a secure location.

If you are highly familiar with operating on-chain Universal Basic Income wallets, you also have the option to store Universal Basic Income (UBI) separately in a personal encrypted wallet. This wallet serves to keep your Universal Basic Income secure and accessible, allowing you to send and receive it while maintaining control.

To ensure the security of your Universal Basic Income, consider the following types of encrypted wallets:

- Mobile Wallets: Store your private key in an application on your smartphone.

- Web Wallets: Third-party-controlled online servers that store your private key.

- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.

- Hardware Wallets: Physical devices for offline storage of private keys.

Note: Cryptocurrency wallets do not technically store your Universal Basic Income encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.

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Some market stats about UBI

Price Analysis

UBIUniversal Basic Income Price Now:

$0.000073150%24H

Universal Basic Income is rising this week.

The price of Universal Basic Income has increased by --% in the last 7 days. It has seen a --% increase in the past 24 hours and a --% increase in just the last hour. The current price is $0.00007315 per UBI. Universal Basic Income is increased --% from its all-time high of $--.

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Returns based on the average Universal Basic Income price for that year. Not financial advice.

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How to buy other cryptocurrencies

There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.

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FAQ About Buy Crypto

How many Universal Basic Income are there in total?

The total supply of Universal Basic Income is 25,025,371 and the Circulating Supply is 0 .

Can I use cash to buy Universal Basic Income?

Generally, buying Universal Basic Income digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.

How much does it cost to buy 10 UBI?

To purchase 10 UBI, the cost in USD would be $--.

What can I do with Universal Basic Income?

You can use Universal Basic Income to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.

Disclaimer

Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.

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