How to buy AMU Amulet

Share this!

Learn how to buy AMU Token on one of the major centralized crypto exchanges in the world by using the order book and placing advanced orders.

Amulet is a fast-growing and relatively new cryptocurrency that uses different ecosystems(Solana, Injective, or Polygon).

In particular, $AMU is the native utility token of the Amulet V2 Protocol, a comprehensive DeFi product. In addition, Amulet provides a direct avenue for safety and assurance to Web3 users. Moreover, it seamlessly integrates its yield vaults with top yield-generating protocols.

Being a cryptocurrency means that this token(AMU) is available on many exchanges all around the globe. Trading Amulet, or buying and selling AMU Tokens is a logical next step if you want to start making money from this volatile asset.

Finally, by continuing to read this guide you’ll learn the following according to Amulet:

  • How To Buy AMU Token on Kucoin(Step-by-step)
  • How centralized cryptocurrency exchanges(CEX) work
  • Learn to use the advanced trading orders

How Does Trading AMU Token Work?

Spot trading $AMU is like buying and selling digital currencies. You can trade Bitcoin, Ethereum, and other cryptocurrencies. To start, sign up, and deposit funds on a centralized exchange(CEX). There are trading fees when you make trades, typically a small percentage of your transaction.

Now, about custodial wallets: All centralized exchanges(CEX) like Kucoin, provide a wallet for you to store your crypto. It’s very similar to a digital bank account. They manage security and private keys. However, it’s a custodial wallet, which means they have control over your funds. You can also use non-custodial wallets for more control.

Regarding costs, besides trading fees, be aware of withdrawal fees when moving your AMU Tokens out of the exchange. These fees vary by the type of cryptocurrency you’re moving.

In summary, to trade AMU on a CEX involves signing up, trading digital assets, paying trading and withdrawal fees, and using a custodial wallet. Consider using non-custodial wallets for added security and control over your funds. Start small, learn, and make informed trades.

The AMU/USDT and AMU/BTC Trading Pairs

By far, the most popular AMU trading pairs are with Bitcoin (BTC) or Tether (USDT). Additionally, the most popular exchanges to buy or sell AMU are Binance and Kucoin. Below is a summary of both crypto exchanges:

  • Binance(The most popular platform and well-known cryptocurrency exchange globally)
  • Kucoin(Another reputable cryptocurrency exchange with a mobile app, it allows AMU trading for US and EU residents)
Go to BinanceGo To Kucoin
❗ At the time of writing Binance hasn’t listed $AMU yet. This can change anytime now.

So, if you are planning to buy AMU, then you will need to have some BTC or USDT in your exchange account to buy them. Deposit BTC or USDT into your exchange account if you have not yet done so.

If you are selling AMU, then you will need to have some AMU in your online trading account.

Once you are done with the registration and deposited your AMU, BTC, or USDT, you are ready to start trading AMU. For the rest of the guide, I will be using AMU/USDT in the examples.

Steps To Trade AMU on Kucoin Exchange

As explained earlier in this guide, using a CEX depends on your local situation where EU and US residents can’t use Binance(at time of writing). As a result, I’ll be using the Kucoin exchange to guide you through the spot trading process for the AMU/USDT pair.

Step 1: Open Spot Trading Screen

After you have logged in/signed up at Kucoin you have to navigate to the upper menu and click Trade and then the first item in the menu: Spot Trading. This will launch the Kucoin trading interface with the BTC/USDT as the default trading pair.

Spot Trading on Kucoin
Start spot trading on Kucoin

Step 2: Find AMU/USDT Trading Pair

At this point, you have to click on the BTC/USDT up arrow and type the AMU symbol in the new search screen.

Find INJ/USDT on Kucoin
Select a trading pair on Kucoin

Next, you only have to select the AMU/USDT pair, click on it, and the chart will load:

Trade the AMU/USDT pair on Kucoin
Trade the AMU/USDT pair on Kucoin

Step 3: Place a Limit Buy Order

To indicate how to trade AMU on Kucoin, I’m going to place a limit buy order on the AMU/USDT pair. Meaning, I’m going to add a new order to the exchange trading book(add liquidity). After this has been done, it’s just a matter of waiting before the order will be hit.

Place spot limit order for AMU/USDT
Place spot limit order for AMU/USDT

Overall, the spot trading process on Kucoin is very straightforward where you can use limit and market buy orders. On the flip side, you can also start selling the AMU/USDT pair where you have to click the big SELL button. Also, remember that you have to pay fees for every single trade on Kucoin:

  • Spot orders (Maker/Taker): 0.1%
  • Futures(Maker/Taker): 0.02 / 0.06%

👉Open a free account at Kucoin

Understanding AMU Spot Trading Orders

To be able to understand AMU trading on Kucoin, you have to learn the concepts mentioned below:

  1. Market Depth: Market depth, often shown as a chart, displays the supply and demand for a particular cryptocurrency on KuCoin. It shows the number of buy orders (bids) and sells orders (asks) at various price levels. Deeper market depth indicates more liquidity and stability in the market.
  2. Order Book: The order book on KuCoin is a real-time list of all buy and sell orders for a specific cryptocurrency pair. The buy orders are listed on the left (bids), and the sell orders are on the right (asks). It helps traders see the current market sentiment and potential support and resistance levels.
  3. Open Orders: Open orders are the trades you’ve placed but haven’t been executed yet. For example, if you set a buy order at a specific price lower than the current market price, it’s an open order until the market reaches that price, and the trade executes.
  4. Stop Limit Orders: Stop limit orders on KuCoin are used to automate trading strategies. They consist of two parts: the “stop” price and the “limit” price. When the market reaches the stop price, the order becomes active, and a limit order is placed. It’s commonly used for managing risk. For instance, you can set a stop limit order to sell your crypto if its price falls below a certain point to limit potential losses.
Supply and Demand chart for AMU/USDT

In essence, these terms help you understand the dynamics of trading on KuCoin. The order book shows current demand and supply, open orders are your pending trades, and stop-limit orders automate your trading strategy based on predefined conditions. Understanding these concepts is crucial for effective trading on the platform.

Related: How To Buy Jupiter(JUP) on Kucoin Exchange

Conclusion: What Moves The Price of The AMU Token?

In general, when purchasing AMU Token as a beginner in cryptocurrencies, it’s very safe to use a more mainstream exchange like Binance or Kucoin. The sign-up process for both platforms is very straightforward and there is enough volume and liquidity in the order books to buy or sell AMU Tokens.

Finally, to explain what moves the price of the AMU Token, consider the following factors:

  1. Adoption and Usage: If more people and projects use the AMU network for transactions and smart contracts, it can create demand for the AMU Token, potentially increasing its price.
  2. Market Sentiment: Like all cryptocurrencies, AMU’s price can be driven by investor sentiment. Positive news, developments, and community support can boost confidence and attract buyers.
  3. Token Utility: The AMU Token may have specific uses within the AMU ecosystem, such as paying for transaction fees or participating in governance. The more utility it has, the more valuable it can become.
  4. Competition: AMU’s price may be influenced by how it compares to other similar projects and layer-two solutions. Competition can affect demand and market perception.
  5. Overall Crypto Market: Cryptocurrency markets are interconnected. If the broader crypto market experiences bullish trends, it can positively impact AMU and vice versa.
  6. Supply and Demand: The basic economic principle of supply and demand applies. If more people want to buy AMU than sell it, the price goes up, and if more people want to sell than buy, the price goes down.

👉Open a free account at Kucoin


What is Amulet(AMU)?

Amulet tackles DeFi’s riskiness by combining investing and insurance. Initially launched on Solana, it now works across multiple chains. Imagine earning yield on your crypto while having built-in protection against losses. Amulet offers this through its “yield + protection” platform, aiming to make DeFi safe and accessible for everyone.

Is Spot Trading AMU Profitable?

Spot trading AMU is less risky compared with margin or leveraged futures trading. Meaning, you aren’t subject to high risk when market price turns against you. Also, in the long run, trading AMU can be profitable when prices rise substantially and you have increased your AMU holdings.

How Do You Buy AMU For Cash?

On major crypto exchanges like Binance or Kucoin, it’s very easy to convert your AMU to USD or EUR. From here you can cash out and deposit funds to your bank account.

📣Important: List of top Crypto Projects

👨🏻‍💻 StealthEX: Buy crypto no KYC(< $750,-)
🎁 Swapzone: Find the best crypto offer
🚀 Bitsgap: Best Automated Trading Bots
💲 Nexo: Reliable Crypto Lending Platform and get $25 free Bitcoin

***To be Profitable in the markets

Disclosure: This post could contain affiliate links. This means I may make a small commission if you make a purchase. This doesn’t cost you any more but it does help me to continue publishing cool and actual content about Bitcoin & Crypto – Thank you for your support!

Follow me