What is Uniswap? How do you buy Uniswap (UNI) in 2023? What are the best brokers to buy Uniswap instantly? And which are the best UNI exchanges?
Barely three years old, both the Uniswap exchange and UNI tokens have quickly turned into one of the most widely-used tokens on the Ethereum ecosystem. In effect, the UNI token prices have been witnessing a parabolic rise for the past few months, making them a must-have for any cryptocurrency trader/investor.
Overall, the ERC-20 token is uptrending but these gains have also been characterized by wild swings. And the two price action features make it a good investment for both long and short-term traders.
This simple guide will be answering all these questions, and tell you everything else you need to know about investing in UNI tokens.
Start by creating a trader account with an exchange or brokerage that lists Uniswap. Today numerous top trading platforms support UNI tokens and we will be looking at the best places to buy Uniswap later on in this guide. This process should be easy, straightforward, and should only take a few minutes of your time. And even as provide you with the best places to buy Uniswap today, we will insist that you practice caution when vetting and choosing a Uniswap exchange or brokerage.
With the account in place, it’s now time to deposit funds. Depending on your country residence and preferred Uniswap trading platform, you’ll have multiple funding options that include credit card or debit card, PayPal, eWallets like Skrill and Neteller, bank transfers, and even cryptocurrencies.
Depending on your chosen platform, you can start buying UNI tokens and receiving private keys that give you control and ownership or trading UNI CFDs using leveraged funds. Most exchanges and brokerages will only give you access to either of these UNI token products, but eToro gives you access to both. It lets you buy actual Tokens and lets you margin-trade UNI token CFDs with leverage maximums depending on your country of residence.
Uniswap is a decentralized exchange, created by Hayden Adams and currently hosted on the Ethereum blockchain. Uniswap or UNI also refers to a third-generation cryptocurrency and the native digital currency for the Uniswap DEX. The exchange started in November 2018 and it was not until September 2020 that they launched a token for the platform.
It started as an idea floated by Ethereum co-founder Vitalik Buterin in a blog post that explained how liquidity challenges within the DeFi ecosystem could be solved through an Automated Market Maker (AMM) model. Hayden Adams, a blockchain engineer at Ethereum took up the challenge and launched a DEX that utilizes the AMM liquidity model – in the name of Uniswap.
Vitalik Buterin and Ethereum were among the earliest donors that contributed to the creation and launch of Uniswap. And his association with the DEX has gone a long way in giving it credence and drawing in investors and traders. Today, Uniswap is the sixth-largest DeFi protocol (according to DeFi pulse) with more than $5 billion in crypto assets currently locked on the DEX.
For close to two years, Uniswap enjoyed unrivaled dominance of the DeFi ecosystem as the undisputed AMM exchange leader. But in the last quarter of 2020, SushiSwap another DEX that uses AMM liquidity emerged and went to launch a token for the trading protocol. And its emergence is believed to have played a key role in Uniswap’s launch of its native token less than a month later.
Today, the UNI token ranks highly among the fastest-growing tokens. In less than nine months it had moved from a new token to feature on CoinMarketCap’s list of top 10 largest cryptocurrencies with more a market cap of $10+ Billion.
The primary difference between Bitcoin and Uniswap tokens is that Bitcoin is the digital currency fuelling the Bitcoin blockchain, UNI is an Ethereum-based token and the native currency for the Eth-based Uniswap decentralized exchange. And while both are anchored on revolutionary technology, you can easily tell that they are built on two completely different structures and intended for different purposes. Here are some of their key differences.
Bitcoin’s biggest drawback is its sluggish transaction processing speeds and relatively expensive transaction confirmation fees. Moving forward, and as Bitcoin’s popularity surges, one can only expect both the wait time and transaction fees to increase. Uniswap, on the other hand, is characterized by faster transaction speeds and low confirmation fees. Plus, research is underway on how the Ethereum network – in which Uniswap is housed – can be scaled further to create room for faster transactions and even lower gas fees.
Bitcoin has a finite supply and its absolute total maximum supply is capped at 21 million BTC coins. These are mined gradually and the last coin is expected to be mined in 2140. There, on the other hand, currently are 1 Billion UNI Tokens – and they were all pre-mined and distributed to specific groups of people during launch. Four years after the UNI token launch (in 2024) however, Uniswap will start introducing more UNI tokens at a constant rate of 2% per annum to cater to inflation.
Bitcoin is primarily a peer-to-peer technology designed to facilitate the exchange of value and assets and ultimately replace cash as the most preferred medium of exchange. Uniswap is, on the other hand, a financial ecosystem that starts with a truly decentralized exchange and seeks to decentralize and open up the financial marketplace.
When Uniswap launched in September 2017, it had a listing price of $0.419 which quickly shot to $7+ in its first 72 hours of trading. But through the last 9 months, the ERC-20 token has had its fair share of highs and lows – like any other cryptocurrency. It, for instance, had it rough at some point in December 2020 when its price fluctuated wildly before settling well below $3.
At the time, the crypto industry – led by Bitcoin – was gathering in readiness for the parabolic rise witnessed in the first five months of 2021. Uniswap would follow suit and start rallying again towards the end of December 2020.
The Ethereum-based token’s price rally peaked pace and shot to $19.39 in January. It then crossed the $20 mark in February 2021 and ended the month and ending the month trading around the $29 mark, effectively reporting a 2370% jump.
The uptrend continued throughout March and April and saw UNI token set its all-time high price of $44.97 on 3rd May 2021. A further uptrend was, however, cut short by the Mid-May market crisis occasioned by China’s reiteration about the Bitcoin ban and Elon Musk’s fallout with the pioneer digital currency.
Now that we understand what Uniswap is and how it works, it is important that we know the different ways in which you can invest the UNI tokens once you acquire some. Here are the three most common Uniswap investment strategies.
Buying and holding, or HODLing, as it is fondly referred to in the crypto world is one of the most widely used investment strategies. It involves buying UNI tokens and holding on to them for a very long time in anticipation that their prices will continue to grow in the future.
HODLers are convinced that UNI tokens will always maintain an uptrend. They, therefore, aren’t worried about the short-term price volatilities as they are sure that the altcoin will always price-correct upwards and continue rising.
Trading CFDs is yet another common way of investing in cryptocurrency, and UNI isn’t an exception. Here, you’ll trade UNI by speculating its price movements. But in place of getting private keys and owning UNI tokens when you buy Uniswap, you will be getting a certificate of differences contract – a bet against your CFD broker.
The good thing about crypto CFDs is that you can trade in any price direction and this allows you to go long or short a trade. When buying UNI token CFDs on eToro, for instance, you will also have access to leverage that lets you trade. Importantly, you do not get to own the cryptocurrency and this ultimately means that you won’t have to invest in a crypto wallet.
Day trading is yet another common way of investing in UNI. It’s also one of the most lucrative investment strategies, but, only if executed properly. It involves keeping a close look at the crypto markets throughout the day and opening and closing as many trades as you can. It requires a great deal of experience and investment capital, making it not ideal for beginners and intermediate crypto investors.
Launched less than a year ago, Uniswap was speedily taken up by virtually all the leading crypto exchanges and trading platforms. And before we can look at the best places to buy the token, perhaps we should start by understanding how you pay for it.
If you are looking to buy Uniswap (UNI) with PayPal, follow these three simple steps:
1. Find a Crypto Exchange that Supports Uniswap (UNI) and PayPal:
The first step is to find a crypto exchange that supports Uniswap (UNI) and also allows you to buy with PayPal. Some exchanges that offer this service include Coinbase, Binance, and Kraken.
2. Sign Up and Fund Your Exchange Account:
Once you have found an exchange that supports Uniswap (UNI) and PayPal, the next step is to sign up for an account and fund it with the desired amount of money. You can do this by connecting your PayPal account to the exchange and transferring funds from it.
3. Buy Uniswap With PayPal:
Finally, you can use the funds in your exchange account to buy Uniswap
eWallets like Skrill and Neteller are one of the most common ways of paying for Uniswap on such platforms as eToro. They have gained popularity because they are easy to use and carry highly affordable transaction fees. They are also easily accessible and considered safe.
Different brokerages and exchanges have different deposit and trading minimums when using eWallets. On eToro, for instance, the minimum you can deposit through an eWallet is $200.
You can use your debit and credit card to buy any Uniswap tokens on virtually all popular exchanges and brokerages – including eToro. Like eWallets cards are also easy to use, readily available, and attract relatively low transaction fees.
The fees charged depend on the credit card company but the minimum you can deposit with a card on eToro is $200. The transaction is also processed immediately.
Virtually all trading platforms, including eToro, allow you to buy UNI Tokens with bank wire It is the most accessible payment method. Note, however, that the minimum you can deposit into eToro using a Bank wire transfer is $500. It also takes between 3 and 8 business days for the deposit to reflect into your eToro trading account.
Most Uniswap exchanges and brokerages do not let their clients’ deposit funds let alone buy Uniswap and other cryptocurrencies before verifying their identity. A few, like eToro, will however let you buy Uniswap anonymously (without ID verification) – but only for coins worth $2000 per month.
Ready to add UNI to your portfolio? Ensure you have the following key tools;
The cryptocurrency world is stuffed with lots of brokers, all claiming to be the best in the trade. You want to thoroughly vet a broker before you get in bed with them. The first and most basic qualification would be one that supports UNI. You’ll probably have multiple options on your list which you’ll then narrow down to the best one. Use rates, efficiency, and security as some of the other major qualifying factors. Utilize the demo accounts for these brokers to have a real-time experience of the services they offer.
How much do you wish to invest in Uniswap? What have you set aside for the trade? Apart from your budget, your investment method will also determine how much you use for the project. The broker’s terms will also determine how much you’ll be required to assign the process.
So, where do you plan to keep your newly acquired UNI? Well, the whole process doesn’t end with buying. You’ll also need somewhere safe to keep your coins. In this case, you have the option of choosing between the custodial wallets provided by exchanges like eToro, mobile wallet apps, and ultra-secure hardware wallets. For the highest security level, check out a hardware wallet.
There is no minimum to the amount of cash you need to start buying Uniswap. Nevertheless, most Uniswap trading platforms will have minimum account trading limits. On eToro, for instance, the minimum you need to start buying Uniswap is $20 while Coinbase has a $2 minimum trading limit.
Experts are also regularly giving out pointers on the maximum that you should consider investing in Uniswap. Some of the considerations that they say one must observe when buying UNI include your overall investment goal and your disposable income. And while they are divided on how much of your portfolio should be dedicated to cryptocurrency, they generally agree that all your crypto investments shouldn’t take more than 10% of your entire investment portfolio.
There are multiple cryptocurrency trading platforms where you can buy Uniswap today. And they range from exchanges that sell you actual UNI tokens, brokerages like eToro that let you buy UNI tokens and trade UNI CFDs, and even local peer-to-peer trading platforms and apps that let you buy and sell Uniswap.
The upside to selling and buying Uniswap on international crypto exchanges and brokerages like Binance or eToro is that they are deeply liquid, implying that even the largest UNI token order fills up fast. Plus, they support all the popular payment methods and can also be considerably inexpensive – compared to localized exchanges.
Localised trading platforms, on the other hand, let you sell and Uniswap using local currencies. They may even allow for more localised payment methods and possibly allow for in-person (face-to-face) transactions. They, however, will not be as liquid as the larger international exchanges.
The trading platform you choose to work with will have a big role to play in the success or failure of your crypto trading journey. You, therefore, want to vet your trading platforms properly and pick only the best.
For starters, watch out for unregulated trading platforms and others with no history of reliability. Other crucial elements you should watch out for include.
What fees does your broker charge? This is one of the most important questions you need to ask yourself before committing to work with any platform. look at the impact these fees have on the profitability of your UNI trades and only go for the most affordable.
Choose a broker that supports the method of payment you plan to use.
Pick a platform that makes such common aspects of crypto trading as depositing, withdrawing, and placing orders easy. Avoid exchanges and brokerages with complicated interfaces, especially if you are completely new to Uniswap trading.
What are other people saying about your preferred platform? Before settling for a broker, it’s advisable to go over the user reviews. Online forums are among the best places to look at other traders’ experiences with the platform you plan on using.
After going through the things you should look for in a suitable platform, it now is time to make a choice. But we understand how confusing it can be when you have to pick one Uniswap exchange from the close to 400 (according to CoinMarketCap) available today. So we narrowed it down to manageable choices. Here are the five best places to buy Uniswap today.
eToro has made a pretty good name for itself in the trading industry. They carry years of experience in the cryptocurrency markets, all of which are defined with just a single word – excellence. Since its inception in 2007, the broker has been setting industry standards, providing a safe trading environment for both novices and experienced traders.
The broker is a multi-asset platform offering investing cryptocurrencies, indices, commodities, ETFs, and stocks, even offering CFDs on multiple assets. The minimum you deposit into eToro is $50 if you are currently residing in the US, or $200 if residing outside the US.
eToro is a fully regulated broker licensed by top financial agencies including the FCA, CySEC, and ASIC. And one thing that helps it stand out is that it gives traders the option of either buying the actual UNI tokens or trading Uniswap CFDs at some of the most competitive spreads.
Buying UNI on the platform is a straightforward process, and will only take you a few minutes. Of course, this is regardless of whether you’re an experienced trader or it’s your first time on the platform.
The broker also accepts multiple payment methods including PayPal, Skrill, Neteller, BPAY, Apple Pay, Swift, Visa, Venmo, Union Pay, Apple Pay, Web Money, Yandex money, and wire transfer – depending on your country of residence.
eToro also features a demo account with which you can test out its functionalities, as well as perfect your skills.
Note: The UNI tokens purchases on eToro will be delivered to your in-exchange vault. You will need to move them to the eToro mobile wallet app before sending transferring them to other exchanges of wallets.
Capital.com is a CFD brokerage that lets you trade all your favourite cryptocurrencies, including UNI. It is deeply liquid and provides Uniswap CFD trades with leverages of up to 2X their investment capital.
What sets the broker apart is its highly advanced and AI-powered platform. It features a highly intuitive and easy-to-use user interface, which makes it easy to use for both beginners and highly experienced traders. The AI tool also comes in handy in helping all traders on the platform by offering them highly personalized trading insights based on their trade history.
The broker also supports a wide range of payment methods, including Apple Pay, credit card or debit card, and bank wire transfers. You won’t be charged for depositing or withdrawing on Capital.com. Plus, the brokerage is quite transparent with all the fees acting on your trades and doesn’t have any hidden fees.
The minimum you can deposit on Capital.com is $ and the maximum depends on the payment method used. The broker also provides all clients with a demo account where they can test the platform and sharpen their trading skills.
Note: Capital.com offers only Uniswap CFD trading. You, therefore, will not be able to transfer the purchased Uniswap to another wallet or exchange.
Coinbase was among the earliest cryptocurrency exchanges to list Uniswap and facilitate the buying and selling of Uniswap tokens. Today, Cpinbase exchange clients from 100+ supported countries can buy, sell, convert and even receive, store, and send UNI tokens in and out of the Coinbase inbuilt wallet. And they get to interact with these UNI tokens on both the Coinbase exchange’s web trader and the mobile app.
Before you can start buying UNI tokens on Coinbase, however, you first need to create an account with the exchange and verify your identity. You will also need to make a deposit either in form of cryptocurrencies or fiat currencies. The minimum deposit on Coinbase exchange is $2 and the supported payment methods include credit card or debit card, bank wire, PayPal, and Bank ACH for US clients. In addition to these, UK clients have access to SEPA and Faster Payments while EU clients have access to IDEAL and SOFORT payment methods.
There are no deposit fees but you will be charged a highly variable transaction fee of between 0.5% and 4.5% on your country of residence.
Note: The Uniswap tokens purchased here will be deposited in your Coinbase exchange wallet. You can however easily move then to the free Coinbase mobile wallet app for onward forwarding to other wallets and exchanges.
Binance is currently the largest and one of the most liquid exchanges in the crypto market. The broker currently reports a 2 billion daily average trading volume and more than 1.4 million transactions per second. They owe their massive success to their team of talented, committed, and passionate individuals.
The exchange features one of the most interactive, trading and analysis tools rich, and user-friendly trading platforms today. Plus it maintains some of the lowest trading and non-trading fees for the over 500 cryptocurrencies listed here.
You can buy Uniswap on Binance’s mobile app, the highly versatile web trader, or in the recently integrated Binance peer-to-peer trading platform. But unlike all the other crypto exchanges listed here, Binance is primarily a crypto-to-crypto trading platform implying that it doesn’t support most payment methods. The available options for buying Uniswap on Binance include credit card or debit card, integrated third-party exchanges, or direct cryptocurrency deposits that you can then convert into UNI or use to buy UNI tokens at the Binance exchange.
Note: The purchased UNI tokens will be delivered to your Binance custodial wallet from whence you can transfer them to other wallets and exchanges.
Available Coins: 50+Margin Trading: YESMinimum Deposit: 1 $£€
Kraken is one of the industry veterans, carrying with it an outstanding over a decade of experience in the crypto market. The exchange has been, for the longest time, the ultimate choice for traders who put safe storage above anything else.
The Kraken takes security seriously, and that’s why they’ve been voted multiple times as one of the safest and most trusted exchanges globally. They have rigorous technology that goes a long way to protect your funds. Losing your UNI private key on this platform could mean never being able to recover your funds.
Note: The purchased UNI tokens will be delivered into your Kraken exchange wallet from whence you can forward them to Kraken wallet accounts or third-party wallets and exchanges.
Apart from buying Uniswap on crypto brokerages and exchanges, there are several other ways of acquiring your favorite cryptocurrencies. Here are a few.
A family member, friend, colleague, or acquaintances can offer gifts or tips in the form of UNI tokens. Tipping and gifting cryptocurrency is common mostly for those offering free services online. Service providers and creatives are especially encouraged to integrate tip jars that accept UNI on their websites.
Uniswap faucets are websites that reward contributors with UNI tokens for performing different tasks. These tasks may range from participating in online surveys, watching marketing ads, playing video games, and clicking on promotional ads.
Liquidity mining is the primary method of earning on the Uniswap DEX. It involves contributing liquidity (commonly known as staking) to popular liquidity pools that traders using the DEX can trade against. And since the exchange is decentralized, liquidity pool contributors get to keep the fees charged on the transactions against their pool, which they then share according to the staked amounts.
During the launch and distribution of Uniswap tokens in September 2020, about 21.26% and 0.69% of the 1 Billion tokens minted were set aside for Uniswap network team members/future employees and advisers, respectively. You therefore can acquire Uniswap tokens when you join the Uniswap network development team either as an employee or a blockchain consultant/advisor.
Uniswap developers accompanied the launch of the UNI tokens with one of the largest and most publicized crypto airdrops. They were going to award 400 UNI tokens for free to any wallet that had ever interacted with the Uniswap decentralized exchange (both Uniswap V1 and Uniswap V2) before the token launch date. You can still claim your 400 UNI Tokens today if you haven’t already.
Now that we know how to pay for Uniswap and the best place to buy Uniswap tokens today, it is time to look at what we can do with the digital assets acquired.
You can simply choose to hold on to Uniswap digital assets for the long term (HODL) as you expect their value to rise in the future. Note however that HODLing can be as profitable as it is risky. It becomes profitable if UNI token prices continue but could also potentially devastate your investment portfolio if the Uniswap prices tank.
You can also choose to actively trade your UNI coins on any of the brokerages or exchanges listed above. This involves opening and closing multiple UNI trades throughout the day and taking advantage of the marginal price movements. You can also choose to day trade Uniswap CFDs. Note however that day trading is highly risky and requires significant capital injection. It is not suitable for beginner crypto traders.
Most businesses are currently accepting cryptocurrencies as means of payment. Today, numerous online stores and merchants will gladly accept Uniswap as a method of payment. Whenever an opportunity presents itself, be sure to take it up and pay for your products and services using your Uniswap tokens.
Donating to charities is a worthy course, a chance for you to give back to society, and most importantly, help someone in need. Today, most charities accept cryptocurrency donations and you, therefore, may consider donating some of your UNI tokens to charity.
Reddit is a place you want to look when gathering information, especially user reviews. The whole community is pretty enthusiastic about cryptocurrencies. They have pretty diverse opinions when it comes to Uniswap. The majority are heavily behind it and would recommend it to other users without hesitation.
Most Reddit users believe Uniswap has an incredible future, and that it will significantly increase in value over the next few years. Their opinions on how far up UNI token prices could reach as well as on the rate at which UNI token prices could advance with.
The Quora community is in many ways similar to the Reddit community. There is an equally vibrant crypto-community excited about Uniswap and its future. This is evidenced by the many questions posted here inquiring about UNI token’s future price performance and possibly future upgrades to the Uniswap protocol.
Several users have also concentrated on the inner workings of the DeFi protocol and decentralized exchange. They have focused their queries on the differences between the three Uniswap versions and the changes brought about by the recently launched Uniswap V3. Overall, participants on the platform seem generally optimistic about Uniswap’s future and price action moving forward.
Uniswap is not just one of the fastest-growing Eth-based tokens, but also one of the fastest-growing DeFi protocols. In less than 9 months after its launch, the token has accumulated $10+ Billion in market capitalisation and landed a place on the list of the 10 largest cryptocurrencies. Experts are therefore convinced that UNI tokens are a good addition to any crypto portfolio.
In this guide, we have taken through the Uniswap buy process. We started by telling you the different ways in which you can pay for UNI tokens on different exchanges, explained what you need before you can start investing in Uniswap and how much you need to invest. We also gave you a few pointers on what to consider when looking for a platform to buy Uniswap. We finished off by sharing the 5 best places to buy Uniswap today and even shared a step-by-step guide on how to buy UNI tokens on either of these platforms. Consider going through it one more time, registering with one of the listed brokers/exchanges and starting your UNI investment journey.
Yes, you can stake UNI on Uniswap. However, there is some controversy surrounding this practice, as some people believe that it gives unfair advantages to those who are able to stake their tokens. There are also concerns that staking UNI on Uniswap could lead to increased centralization of the platform.
No, Uniswap is a Decentralized Exchange Protocol that allows for the instant swapping of tokens between Ethereum-based smart contracts. It does not issue or have any relation to coins.
It depends on a variety of factors including the current market conditions and your personal investment goals. However, Uniswap does have a lot of potential and could be a good investment for 2022 and beyond.
Primarily, they’re used to facilitate swaps on UniSwap. When you want to trade one Ethereum-based token for another, you can do so using UNI as an intermediary. This makes UniSwap a very versatile platform, as it supports trading for any ERC20 token.
It’s hard to say, but Uniswap is definitely on the rise and has a lot of potential. Some experts speculate that it could be worth as much as $100 by 2025. Others believe it could even exceed that figure. Only time will tell!
There are a variety of ways to get UNI tokens. Some people may want to buy them on an exchange, while others may want to participate in airdrops or bounty campaigns. Whatever the case may be, it’s important to do your research before investing in any cryptocurrency.