Buying guideUpdated on How to Buy UMA Voting Token v1 (UMA): Step-by-Step Guide
To buy UMA Voting Token v1 on Picnic, you create an account, add funds with Pix and convert your balance into UMA in the app. The quote and the fees are shown on screen before you confirm, and the asset stays in a wallet you control.
- Fund with Pix
- Self-custody with a passkey
- Fees shown before you confirm
How much UMA can you buy?
You don't have to buy a whole unit. Here is what each amount is worth at today's reference price, before fees.
- With $1033.986UMA
- With $50169.93UMA
- With $100339.86UMA
- With $5001,699.3UMA
How to buy UMA Voting Token v1 on Picnic, step by step
Four steps, from signing up to UMA in your wallet.
Create your account
Download the app or open it in your browser. Your wallet is created at sign-up and protected by your device's biometrics (a passkey), with no seed phrase to write down.
Add funds with Pix
Top up in Brazilian reais with Pix, straight from the app. The balance shows up in a few minutes.
Search for UMA Voting Token v1
In the investments tab, look for UMA Voting Token v1 or UMA and enter how much you want to buy.
Review and confirm
Check the quote and the fees shown on screen, then confirm. Your UMA balance appears in your wallet, under your control.
What is UMA Voting Token v1?
UMA Voting Token v1 (UMA) is the governance token for the Universal Market Access protocol on the Ethereum blockchain. It enables holders to participate in decision-making for the UMA ecosystem, including voting on protocol upgrades and new synthetic assets. Token holders can submit and vote on proposals, with each token representing voting power. The protocol uses a Data Verification Mechanism to resolve disputes and incentivizes participation through token rewards. As an ERC-20 token, UMA ensures transparency and security in the voting process. You can buy UMA and other cryptocurrencies on the Picnic platform.
UMA Voting Token v1 (UMA) is the governance token for the Universal Market Access protocol, built on the Ethereum blockchain. This token empowers holders to actively participate in shaping the future of the UMA ecosystem. By holding UMA tokens, users can vote on important decisions such as protocol upgrades, fee structure changes, and the introduction of new synthetic assets. The voting process is designed to be inclusive, allowing token holders to either vote directly or delegate their voting power to representatives. One of the key features of the UMA protocol is its ability to create and trade synthetic assets, which are tokens representing the value of underlying assets like stocks or commodities. This functionality is made possible through the Token Facility smart contract on the UMA platform. To ensure the integrity of the system, UMA utilizes a Data Verification Mechanism (DVM) oracle to resolve disputes related to the collateralization of synthetic tokens. Token holders can participate in voting on asset prices when requested by the DVM. The UMA Voting Token v1 operates as an ERC-20 token on the Ethereum network, leveraging smart contract functionality for transparency and security in the voting process. Token holders are incentivized to participate in governance through rewards distributed in proportion to their stake in the total supply. The UMA community plays a crucial role in maintaining and upgrading the ecosystem through UMA Improvement Proposals (UMIPs). If you're interested in acquiring UMA tokens, they are available for purchase on the Picnic platform, along with various other cryptocurrencies.
Why buy UMA Voting Token v1 on Picnic?
You stay in control
The wallet is yours, in self-custody, created at sign-up and protected by a passkey. Picnic is not an exchange: your assets stay under your control.
Fund with Pix
Add Brazilian reais and buy UMA in minutes, with no international wire.
Fees on screen
The quote and the fees are shown before you confirm the purchase, with no surprises.
Buy it, then spend it
The same account comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF.
Frequently asked questions
Does Picnic charge fees to buy UMA Voting Token v1?
Fees depend on the network used to buy UMA. On some networks the transaction is free, and on the others the fee is always shown on screen before you confirm. No hidden costs: what you see is what you pay.
Is it safe to buy UMA Voting Token v1 on Picnic?
On Picnic your wallet is in self-custody: you keep control of your assets without relying on an intermediary exchange. Picnic has operated globally since 2021, and the infrastructure behind the product was recognized with a grant from the Ethereum Foundation. As with any digital asset, the price of UMA can move, so invest thoughtfully.
Can I buy just a fraction of UMA?
Yes. You choose the amount to spend and receive the matching quantity of UMA, even if it is a fraction of one unit.
Do I need to understand crypto to buy UMA Voting Token v1?
No. Picnic is built to be simple even for beginners: fund with Pix, search for UMA Voting Token v1 and confirm in a few taps. Your wallet is created automatically and the technical side stays behind the scenes.
How long until UMA reaches my wallet?
After you add funds with Pix and confirm the purchase, your UMA balance usually shows up in your wallet within a few minutes. Exact timing can vary by network.
Can I spend my balance after buying?
Yes. The same account that holds your assets comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF. So you can spend your balance day to day, at home or abroad.
Can I buy other assets besides UMA Voting Token v1?
Yes. Picnic lists more than 3,000 digital assets. Just search for the one you want and follow the same steps, all in one account.
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Ready to buy UMA Voting Token v1?
Create your account, fund with Pix and have UMA in your wallet in minutes.
Buy UMA Voting Token v1This content is for information only and is not investment advice. Digital assets are volatile and you may lose part of the amount invested.