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How to buy AMO Coin (AMO) in the US
Learn how to buy AMO Coin (AMO) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
Where to buy AMO Coin
It looks like AMO may not be available to purchase on an exchange in the US.
You can still purchase AMO by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase AMO using a decentralized exchange.
- Find AMO on a decentralized exchange and make sure AMO Coin can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for AMO using an exchange like Gemini. You will need to purchase enough ETH to swap for AMO as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for AMO on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the AMO tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
What to consider when buying AMO CoinBefore you jump into investing in AMO, it is important to perform due diligence and understand some of the elements that may impact AMO’s price:
- Competition. As developers continue to think of new ways to bring the blockchain’s power to sectors other than finance, automobile solutions have become projects of interest. As such, AMO is not the only network attempting to disrupt the industry. Protocols such as DAV, carVertical, and GEM are all in competition with AMO for a share in the blockchain-based auto industry.
- Development. AMO is a Korean startup, and presently most of the available data and use cases are intended for South Korea. Whether AMO is able to expand globally and distribute their services to other nations may have a major impact on the viability of AMO as an investment opportunity.
- Adoption. For AMO to thrive, a major onboarding and adoption process will be vital. Creating a network of users willing to share data is reliant on exactly that – willing users. Without the required community numbers, data will become less reliable and the overall function of AMO weakened. AMO’s project goal is no doubt ambitious, and much of its success will be determined by user uptake. Investors may want to keep an eye on token distribution and the number of users signed up to AMO applications to determine the network’s popularity trends.
How to sell AMO Coin
You can cash out your AMO with the same exchange you bought it through:
- Sign in to the exchange you have AMO on.
If you store your AMO Coin in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of AMO you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of AMO Coin.
Disclaimer: Cryptocurrencies, including AMO Coin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of AMO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the AMO Coin or any other cryptocurrency discussed.
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