How to buy, sell and trade ACH coin? Detailed tutorial

To buy ACH coin, create an account on a reputable exchange like Binance, fund it with fiat currency, and place a market or limit order for the ACH/USDT or ACH/BTC trading pair.

Nov 06, 2024 at 05:59 pm

How to Buy, Sell and Trade ACH Coin: A Comprehensive Guide

Alchemix (ACH) is an Ethereum-based lending protocol that enables borrowers to collateralize a decentralized stablecoin against yield-generating assets. This guide will provide a step-by-step tutorial on how to buy, sell, and trade ACH coin.

Step 1: Choose a Reputable Exchange

Binance
Coinbase Pro
Huobi Global
Uniswap
SushiSwap

Step 2: Create an Account and Verify Your Identity

Sign up for an account on your chosen exchange and complete the necessary identity verification process. This may involve providing your name, address, and government-issued ID.

Step 3: Fund Your Account

Transfer fiat currency (e.g., USD, EUR) into your exchange account via bank transfer, credit card, or other supported methods.

Step 4: Buy ACH Coin

On a centralized exchange (e.g., Binance):
- Navigate to the ACH/USDT or ACH/BTC trading pair.
- Choose a market or limit order.
- Enter the amount of ACH you wish to buy.
- Click "Buy ACH."
On a decentralized exchange (e.g., Uniswap):
- Connect your MetaMask wallet to the exchange.
- Select the ACH/ETH trading pair.
- Adjust the slippage tolerance (typically around 5-10%).
- Enter the amount of ETH you wish to swap for ACH.
- Click "Swap."

Step 5: Sell ACH Coin

Follow the above steps but choose "Sell ACH" instead.
Set the selling price and amount.
Confirm the transaction.

Step 6: Trade ACH Coin

As a decentralized asset, ACH can be traded across multiple platforms.

Binance: ACH can be traded against BTC, ETH, USDT, and BUSD.
Uniswap: ACH can be traded against ETH, DAI, and USDC.
SushiSwap: ACH can be traded against ETH, DAI, and SUSHI.

Additional Tips:

Research the project and tokenomics before investing.
Store your ACH coins in a secure hardware or software wallet.
Consider using a stop-loss order to mitigate potential losses.
Monitor market fluctuations and news to make informed trading decisions.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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