Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Uniswap, and is trustworthy!
You can find our top 3 exchanges for buying Uniswap here, alternatively you can also check our comparison of the best cryptocurrency exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Uniswap
And of course, the final step is to find Uniswap on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Uniswap (UNI)
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How to Sell Uniswap
- Sign into the exchange
- Find where you stored your Uniswap, either on a hardware wallet or on the exchange.
- Transfer your Uniswap to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Uniswap.
Considerations when looking to buy Uniswap.
Uniswap, a popular decentralized trading protocol that facilitates automated trading of DeFi tokens, is well-known.
Uniswap is an example of an automated market maker, (AMM). It was launched in November 2018 and has enjoyed considerable popularity thanks to the DeFi phenomenon.
Uniswap aims at keeping token trading open and automated for anyone who has tokens. It also aims to improve the efficiency of trading compared to traditional exchanges.
Uniswap improves efficiency by solving liquidity problems with automated solutions. This avoids the same problems that plagued the first decentralized exchanges.
Uniswap took a further step in September 2020 by awarding its own governance token (UNI) to all past users of the protocol. This gave Uniswap the opportunity to increase its profitability and allowed users to influence its future, which is a great aspect of decentralized entities.
Uniswap exists in order to provide liquidity and trading for the DeFi sphere.
The protocol is one of the most important AMMs currently in operation. It uses a formula to automate exchange -- X x Y= K. Hayden Adams, founder of Uniswap, describes himself as the inventor.
Uniswap does more than just provide liquidity, it is a decentralized exchange.
The protocol automates market making and reduces costs by limiting risk. It removes the need for identity for users and anyone can create a liquidity pool to hold any pair of tokens.
According to Uniswap their governance token (UNI), was created to "officially enshrin[e] Uniswap in public-owned and sustainable infrastructure while still carefully protecting its indestructible, autonomous qualities."