+42.58% growth: How to Buy AMO Coin (AMO) – A Step by Step Guide

What is AMO?

AMO Coin (AMO) is a cryptocurrency token and operates on the Ethereum platform. AMO Coin has a current supply of 19,679,012,761.81 with 17,697,498,786.211 in circulation. The last known price of AMO Coin is $0.000820 USD and is up 11.91% over the last 24 hours. It is currently trading on 4 active market(s) with $17,371,138.033 traded over the last 24 hours. More information can be found at https://www.amo.foundation/.

Currently, AMO is being ranked 294 on Coinmarketcap and has recently surged a hefty 42.58% at the time of writing.

AMO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy AMO.

Step 1: Register on Coinbase

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use this link to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Detailed Steps ▾

Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy coins with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.

Now you are all set, click the "Trade" button at the top left, choose the coin you want to buy and confirm your transaction...and congrats! You've just made your first crypto purchase.

Step 3: Transfer your cryptos to an Altcoin Exchange

But we are not done yet, since AMO is an altcoin we need to transfer our coins to an exchange that AMO can be traded. Below is a list of exchanges that offers to trade AMO in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase AMO from the exchange view.

Market Pair

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once AMO gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Last Step: Store AMO securely in hardware wallets

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your AMO for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger and Trezor and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion. Use this link to buy Ledger and use this link to buy Trezor.

Frequently Asked Questions

Can I buy AMO with cash?

There is no direct way to buy AMO with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Buy Bitcoin from local sellers

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy AMO in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

Popular online banks in Europe are Bunq, N26 and Revolut. Check out this article for more information about these banks.

Are there any alternative platforms to buy AMO or Bitcoin with credit cards?

Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Latest News for AMO

AMO Labs, CARMOMILE 런칭! 중국 BYD 전기차 30만대에서 차량데이터 수집 시작 현지 테스트 현장의 영상을 공유합니다. https://t.co/uKOtmrhCQL 관련 기사를 첨부합니다. https://t.co/V56KVeCOCt
미디움(블로그)에서 AMO 블록체인 개발자 이야기 시리즈를 시작합니다!AMO에 관한 기술적인 개념 소개나 테스트넷의 운영 스케쥴과 변경사항들에 대한 기술적인 이야기등을 담을 예정입니다. AMO 개발팀을 위해… https://t.co/rCBRuqLquf
◼︎AMO Blockchain 테스트넷 유저가이드 공지◼︎ 아모 블록체인 테스트넷 유저가이드가 나왔습니다. 테스트넷 가이드를 참고하여 벨리데이터, 스테이킹 참여를 체험하실 수 있습니다. 가이드는… https://t.co/nqpxkhtmHw
AMO Labs, AMO WALLET 2.0 대규모 버전 업데이트 보안성과 편의성이 더욱 강화된 AMO WALLET 2.0을 앱스토어에서 만나보세요! https://t.co/9VWOl5Duj7
◼︎AMO Labs 자동차 데이터스펙 공개◼︎ • CAR Data Open Specification 자동차 데이터 스펙 표준문서 : https://t.co/i5aYtIvhzs

You might also like