Founded in 2018, the UMA protocol, also known as Universal Market Access, is an Ethereum-based cryptocurrency project which provides services related to decentralized financial contracts. It ensures the creation of financial contracts which would be self-executing and self-enforcing. 

The native token of this protocol, the UMA coin, entered the market with a starting price of $1.3 and quickly peaked at $24 in a couple of months. Influenced by the condition of the crypto market UMA’s price is currently at $2.08 which is still higher than its initial listing price. 

So, is UMA a good investment, and how to buy it? This guide reviews the best platforms to buy UMA, including regulated crypto exchanges that support UMA. Based on the UMA project roadmap, we also chart the UMA price history and predict its potential future price action. 

How to Buy UMA Coin – Quick Guide

UMA was recently listed on the FCA regulated crypto trading platform eToro. A beginner-friendly social trading platform, eToro is simple to use for investors looking to invest in UMA:

  1. Step 1: Create an Account: Visit the official eToro platform and create a free account within a few minutes. Enter the necessary details and upload ID documents to complete the process.
  2. Step 2: Deposit Funds: Users can deposit funds using a debit/credit card, eWallet, PayPal, or bank transfer. Or transfer crypto from an existing crypto wallet to eToro to buy UMA with.
  3. Step 3: Search for UMA: Enter ‘UMA’ or ‘Universal Market Access’ in the search bar, and the token will appear in the dropdown-result. Click the name to review the price chart or the ‘Trade’ button to get to the buy area.
  4. Step 4: Buy UMA:  Enter a USD amount to buy UMA tokens with on the pop-up box and click ‘Open Trade’ to confirm the buy order. UMA coin will then be added to your balance.

Where to Buy UMA – Best Crypto Platforms

UMA has been active since 2018. But it wasn’t until 2020 that it started to gain the attention of top crypto exchanges. Coinbase and Binance added support for the token that year, followed by and Bitstamp in 2021. eToro is the latest trading platform to list this crypto.

1. eToro: Overall Best Platform to Buy UMA

etoro logoeToro added support for UMA on 3rd May 2022 along with API3 on the same day.

With these new additions, eToro now supports 70+ cryptocurrencies, including DeFi tokens such as Aave, metaverse tokens such as Gala and Alice, NFT tokens such as AXS and ENJ, and big cap tokens such as Bitcoin, Ethereum, and Cardano.

Currently over 19,000 eToro users follow the UMA price action, which was pumping last year and in the first quarter of 2023, despite the crypto bear market.

UMA eToro

eToro, launched in 2007 before the crypto trading era, also provides stocks and forex trading services. During this time, the platform established its identity as a social trading platform, allowing interaction between traders and an optional copy trading feature.

Copy trading allows beginner investors to copy the moves of well-performing pro-traders to potentially compound their earnings, and can be paused at any time. Seasoned investors can become part of eToro’s Popular Investor Program to get paid for their investment strategies and be copied by other traders.

Another option that allows crypto traders to diversify their investment is eToro’s Smart Portfolios. They offer users exposure to multiple assets. eToro has nine active smart portfolios for cryptocurrencies, including Metaverse Life, DAO Portfolio and DeFi Portfolio, to name a few. These portfolios have allowed investors to make 40 to 70% ROI in the last 12 months.

eToro Copy Trading

eToro is one of the most secure crypto trading platforms, with Bitstamp coming at a close second. To gain the right to operate across Europe, eToro operates under under FCA and CySEC regulations, and the Australian Financial Services License allows the trading platform to work in Australia. Being regulated by so many bodies assures 27 million users that are currently active on eToro – including in the United States as eToro is also SEC compliant.

The eToro UI is intuitive, with both beginner and advanced trading tools and ways to learn to trade, such as its eToro academy with educational content on cryptocurrencies. Advanced traders who are looking for in-depth market insights can use eToro plus.

Staking is available on eToro, but only for three cryptos currently – Cardano, Tron, and Ethereum.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Bitstamp: Buy UMA in the United States

Buy Crypto on Bitstamp

Bitstamp is another ‘OG’ crypto trading platform on this list – launched in 2011, it is one of the oldest Bitcoin exchanges. Its simple-to-use interface, low fee structure, and advanced pro-trader tools are sought by traders with different levels of trading experience.

Bitstamp listed UMA on 13th April 2021 and provides spot trading for UMA/USD, UMA/EUR, and UMA/BTC pairs. Along with UMA, Bitstamp supports 70+ cryptocurrencies, including the major tokens such as Bitcoin and Ethereum and Defi assets such as AAVE, which was listed the same day as UMA.

UMA Bitstamp

The fee structure of Bistamp changes based on the pre-determined tiered system depending upon the user’s 30-day trading volume. The trading fee starts at 0.5% for users trading up to $10,000 worth of crypto assets in a month. Higher monthly volume results in a lower trading fee.

Advanced traders of UMA coin or other crypto assets can use tools to chart and analyze the price of assets they seek to invest in using its Bitstamp Tradeview feature. That includes technical indicators such as Fibonacci Retracement levels, EMAs and RSI, and an in-house analytical tool.

Also, like eToro, Bitstamp also provides staking rewards but currently only for Ethereum 2.0 and Algorand, stating that it will support other cryptocurrencies to its Bitstamp Earn program.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. Also Supports UMA Coin listed UMA on 9th February 2021 – shortly after a 300% uptick in UMA’s price at the end of January 2021, when it reached its all-time-high and wicked to $44.

Only an UMA/USDT pair is available on currently. Also, while supports up to 10x leverage on most crypto-pairs, UMA is not yet on the list. In that aspect, it differs from Binance – which added UMA to the list of isolated margin assets in 2020.

The trading platform follows a maker-taker fee model. The 0.04% to 0.10% maker fee model is implemented on the trading volume of the last 30 days. And the 0.10% to 0.16% taker fee model is charged per order. Investors can also use debit or credit cards to invest in crypto via’s mobile app. The processing fee for those fiat methods varies from 2.99% to 3.99%.

Users who want to reduce the fees can stake CRO – the native coin of’s ecosystem.

UMA has many other features besides its exchange platform, including a metal VISA crypto card, an NFT marketplace, and Crypto Earn.

Through Crypto Earn, users can stake their crypto assets and earn up to 14.5% APY. With the VISA debit card, users can directly pay retailers with crypto and get up to 5% cashback ( has removed the cashback for lower-tiered crypto cards).

In the second quarter of 2020, launched Recurring Buy. It allows users to create recurring purchases for 64 listed cryptocurrencies. The core of this technology is Dollar Cost Averaging. This investment strategy allows investors to split the amount they want to invest and then invest in their chosen asset at regular intervals.

On 29th April 2022, launched a dollar-cost-averaging bot for spot trading. It allows investors to automatically invest a specific amount on a regular schedule. marketed it as a feature to hedge against the volatility of the crypto market.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

4. Coinbase: Buy UMA Coin with GBP, USD and EUR

Coinbase listed UMA on 10th September 2020, causing the UMA price to pump to $17. coinbase logoHowever, the crypto trading platform had already declared that it would list UMA and allowed users to transfer UMA tokens to their Coinbase Pro account days ahead of trading. It led to UMA’s first major price expansion.

Along with UMA, Coinbase offers more than 200 crypto assets. Among them is a diverse altcoin collection that includes big cap coins like Dogecoin and Cardano to low cap coins like Stepn (GMT).

Like, Binance, eToro, and Bitstamp, Coinbase also offers crypto staking. It allows investors to earn passive income by staking one of the seven available crypto assets, including Ethereum, Cardano, DAI, Tezos, Algorand, Solana and Cosmos. There is no news yet on whether UMA will be added to the list.

UMA Coinbase

The UMA pairs available on Coinbase are UMA-USD, UMA-EUR, UMA-GBP, and UMA-BTC. With these pairs, Coinbase provides most ways to buy UMA using fiat currencies. Like, Coinbase also follows a maker-taker fee model, with the maker fee ranging from 0.00% to 0.40% and the taker fee ranging from 0.05% to 0.6%.

Coinbase announced on 24th June 2022 that it plans to merge its Coinbase Pro platform with the main app, so the advanced trading features of Coinbase Pro will also be available on Coinbase.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

5. Binance: Trade UMA with a 0.10% Maker / Taker Fee

Binance listed UMA on 8th September 2020 – two days before Coinbase – and opened trading for UMA/BTC and UMA/USDT pairs.

binance logo

A week later, both of these trading pairs were added to the list of isolated margin pairs – Binance users can spot trade or margin trade on leverage, i.e. long UMA or short UMA.

The UMA price pumped 20%, from $15 to $18 three days after UMA was listed on Binance.

UMA Binance

Binance leads the crypto market in the number of tokens listed and the number of active customers, with over 600 crypto assets listed and over 100 million users. US users can only invest in crypto through Binance.US, which has listed a little over 100 crypto assets, excluding UMA.

Binance has the lowest trading fees among all the crypto trading platforms. Users can buy UMA at just a 0.10% trading fee. The cost can be reduced even more if the investor pays using Binance Coin.

Investors wanting to earn passive income from their crypto holdings can choose Binance Earn, which offers up to 35% APY. It offers Savings, BNB vault, Auto Invest, staking, yield farming, and other ways to earn through crypto holdings.

The only downside of this platform is the interface. Binance was designed keeping the institutional users in mind – making the user interface too advanced for beginners.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

What is UMA?

UMA or Universal Market Access is a DeFi protocol to create globally accessible financial markets. Users can use the framework UMA provides to create synthetic derivatives using the Ethereum Protocol. Simply put, users can leverage UMA to enter into a financial contract that removes the need for any centralized entity to enforce that contract.

The UMA project was created as a way to add inclusivity to the financial markets that are not accessible. For instance, in TradFi, users must start a brokerage account, complete the KYC process, go through Anti Money Laundering regulations and pass the investor suitability check to open a spot position. Since investors need to trust their broker to manage any risks, the chances of losses are high. Such an ecosystem isn’t conducive to those new to the financial markets.

What is UMA

Another reason for creating UMA was the limited number of derivatives available in the markets and the large amount of paperwork involved in trading those derivatives. With UMA, such complicated issues are removed as it creates a contract purely governed by code.

UMA defines an open-source protocol, allowing any parties to create their own financial contracts. Each contract has five components:

  1. Public addresses of all counterparties
  2. Margin accounts for all the counterparties
  3. Economic terms to calculate the values
  4. Smart contract functions to maintain the margin balance
  5. An Oracle providing a secure and verified off-chain date

These factors combine to ensure that smart contracts created are enforced in a secure and trustless manner.

UMA Founders

Uma is the brainchild of two Goldman Sachs Traders, Allison Lu, and Hart Lambur. Their idea was to transfer the risk across the internet without involving any centralized authority.

Hart Lambur is a Columbia University Graduate with a computer science degree. Before co-founding UMA, she worked as a government bond trader at Goldman Sachs.

Allison Lu is an MIT alumnus, having received degrees in Economics and Management. Before co-founding Risk Labs, the company that developed Universal Market Access Protocol, she was the vice president at Goldman Sachs. She has been an advisor at One Daijo, an Ethereum-based P2P lending platform.

UMA Token

The UMA token is the ERC-20 token on the UMA protocol, acting as its utility asset. It has an initial supply of 100 million, and the distribution is divided as follows:

  1. 2 million tokens were the part of initial Uniswap listing
  2. 5 million tokens were dedicated for future sales
  3. 35 million tokens were devoted to developers and users of the UMA protocol
  4. The remaining 48.5 million tokens were distributed among the founders, investors, and early contributors.

The UMA token has three utilities: a governance token, a way to settle disputes on the UMA protocol, and fees to burn to control the supply of tokens.

IS UMA a Good Investment?

UMA protocol seeks to make an inclusive financial ecosystem that doesn’t rely on centralized authorities to enforce the terms of the contract. Many are bullish on UMA, going as far as saying that it is the best crypto project executed in the right manner and with a clear development plan and roadmap.

Voters can vote on proposals using UMA tokens to improve the UMA protocol. These voters get part of the inflationary rewards – 0.05% of the token supply.  

The tokens are used to vote on disputes. However, here the cost of voting is higher than voting on proposals for improvement. It ensures that no whales can manipulate the on-chain oracle – something that has been the case in the past for many DeFi coins.

Because of the presence of an on-chain oracle, UMA is different from other DeFi Protocols like Synthetix, which rely on off-chain oracles like Chainlink. Also, on-chain priceless oracles allow users to create smart contracts with an inexhaustive range of price feeds, such as exotic currencies, commodities, equities, etc.

Risk labs’ venture capital investors include Two Sigmas, Blockchain Capital, Box group, Dragonfly Capital, Place Holder VC, and Coinbase Ventures.

These factors make UMA a suitable crypto investment.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

UMA Price

During the initial distribution of UMA, 2 million tokens were sold through Uniswap DEX. The token was sold at 26 cents back then, but things changed after UMA got listed on Coinbase. This resulted in the first UMA pump, which happened in September 2020. The UMA price rallied by 100x and reached almost $25. As is common with all altcoins, the price corrected shortly after that pump, bottoming at $6 by the beginning of October 2020.

The UMA price then accumulated for several months until the end of January. Now it was due to the platform, which announced adding support for UMA. That led to the token reaching its all-time high at $44 in February 2021. The ATH level was tested in April, five days after the token was listed on Bitstamp.

Signs of major correction started in May 2021, and the price bottomed at $7.8 in July. The second major pump of 2021 happened in November with the launch of the Across Protocol, which UMA described as the “fastest, cheapest, and most secure L2 to L1 bridge.”

UMA Coin All-time Price Performance Source-

UMA Coin All-time Price Performance, Source:

That would be the last pump the UMA token would experience, as the UMA price has followed a downward path since then. UMA opened in 2022 at $9.2 and, like all altcoins, suffered from the 2022 bear market. It may have found a bottom on 12th June 2022 when it hit just under $2 before bouncing. 

UMA prices surged to $3.79 in August 2022 but another downtrend started in the crypto market which led to the coin’s price drop to $1.49 by the end of the year. UMA started 2023 with a price of $1.5 but recovered slightly due to the overall uptrend of the cryptocurrency market. 

At the time of writing, UMA Price today trades sideways between $2.03 and $2.10 with a 24-hour trading volume of $6.8 million. The token currently ranks #139.

UMA Price Prediction

The UMA token has recovered by almost 40% since its all-time low in 2022. The bear market pushed the token down to as low as $1.49, based on the CoinMarketCap data, which coincided with Bitcoin crashing. Looking at its price history, we can notice that UMA has taken advantage of pumping during all the bull markets peaking at new highs. 

It also didn’t crash during the recent “crypto winter” and has a 38% YTD return rate so far. The UMA price action creates a symmetrical triangle – signaling a breakout. While the price could lose support and retrace further, if UMA breaks out from the upper trendline, there is potential for high percentage gains.

Let’s see what some algorithm-based analytical platforms predict about the future price of the UMA coin. We have explored three such platforms, of which only Wallet Investor gives negative projections. According to it, UMA will take a bearish direction, and in 1 year, its price can drop from $2.08 to $0.39, losing almost 81% of its value. 

According to Price Prediction’s platform, UMA prices will grow over 2023 at an average price of $2.68. UMA’s maximum price for 2023 can reach $2.96 and the minimum price can be $2.6. The projections indicate UMA can hit $5 in 2025, possibly reaching as high as $6.77. Price Prediction shows a drastic growth for the UMA coin in the next few years. According to the platform, UMA’s average price will reach $36 in 2030. 

While Digital Coin Price predicts that UMA will be traded above $4 in 2023 it is less optimistic about the UMA price than Price Prediction in a more long-term perspective. It indicates UMA will reach $5 in 2024 but it will be traded below $30 by the year 2032. It is important to note that these predictions are based on calculations and any other factors can spring up in the future to affect the UMA price so be cautious with your investment. 

Best Ways to Buy UMA

Below are the different ways to buy UMA through crypto platforms:

Buy UMA using a Debit/Credit card

eToro is the best option to buy UMA using a debit or credit card. The fee is low compared to Coinbase and, and the transaction speeds are generally high.

Buy UMA using Paypal

eToro also accepts payment through Paypal. A good option for those who want to buy UMA without putting much effort into repeatedly entering details.

Also see our guide to buying crypto on Paypal.

Buy UMA Without ID

Changelly allows crypto swapping without the need to provide an ID. You can also check out the Bybit exchange. It provides the same services with no documents requirement.

Best UMA Wallet

One of the best software wallets for UMA coin is the eToro Money wallet. It is one of the top crypto wallets free-to-use for those with an account on the eToro platform. It supports more than 120 assets in addition to UMA.

Best UMA wallet

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

How to Buy UMA Coin – Full Tutorial

Below is a step by step guide on how to buy UMA coins on eToro:

1. Step 1: Create a Crypto Account

Visit the official eToro platform and create a free account. You will receive a prompt to enter the necessary details. Then upload ID documents to complete the KYC process.

eToro signup form

2. Step 2: Deposit Funds

Fund your eToro account with fiat currencies using debit/credit card, eWallet, PayPal, or bank transfer. Go to the deposit funds option on the bottom left pane and click on Deposit funds.

eToro deposit

You can also deposit funds by transferring crypto from their external wallets to eToro.

3. Step 3: Search for the UMA coin

Enter “UMA” in the search bar, and the token will appear in the dropdown-result. Select it, and you will find a UMA news feed and price chart.

Search for UMA

4. Step 4: Buy UMA

When you’re ready to buy UMA coins, click “Trade” on the top-right. Enter the dollar equivalent of the amount of UMA you want to buy. Alternatively, you can click on the “Units” button to buy a certain number of UMA tokens. Click on the ‘Open Trade ‘ button to finalize the order.

eToro buy UMA

Alternatively if you think the UMA price can drop down further, click on the little downward arrow beside the Trade button and place a limit order. Set the price at which you believe UMA will bottom and click on “Set Order.”

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

How to Sell UMA – Full Tutorial

Once you have bought UMA tokens, you can check your open positions on your dashboard. To close your position on UMA, click on the red cross on the right side and click on the “Close trade” button.

The process is the same for any cryptos you hold on eToro.


Universal Market Access came to the market with the radical idea of creating an inclusive financial market without the need for an intermediary. While the token has been in a bearish downtrend during most of previous year, it shows signs of recovery in early 2023, along with the increase of Bitcoin. So, there is a probability that the coin can generate high returns with another bullish market run. 

Now that UMA is listed on eToro, it’s possible to network with other investors as eToro is a social trading platform – so all users have their own news feed where they can post for example ‘Should I buy UMA coin’ and then others can give their thoughts on the current UMA price action.

As well as finding out what other investors think about the UMA token and whether it’s a good buy, users can also copytrade professional traders so that all buying and selling decisions are automated.

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Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs on Buying UMA

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