Uniswap Exchange - Buy & Sell Cryptocurrency | Uniswap

Uniswap Exchange- The most Ground-breaking and inventive Decentralized exchange


Have you recently heard of the Uniswap exchange and the trading possibilities it comes along with? If yes, this might have made you anxious to know more about it. Isn't it? Well, if you are not sure what this exchange is all about, this read has got you covered in many ways. So, stay tuned to learn more about this decentralized exchange (DEX) and you'll surely end up making a fruitful decision.

But first, let's know what is Uniswap exchange.


Breaking it down in simpler terms, this is a Decentralized exchange that is built on the Ethereum blockchain aiming to change the way people trade in crypto assets these days. Unlike some major crypto trading platforms such as Coinbase or Binance, Uniswap Exchange does not allow the involvement of any third parties or intermediaries in its operation. This ultimately allows users to have full control over their funds or purchased crypto assets. Apart from that, the Uniswap exchange allows users to swap crypto assets that are based on the Ethereum blockchain that too directly from their Ethereum wallet.


This ultimately helps users have a seamless as well as user-friendly crypto trading experience. The platform was launched in the year 2018 and since then it has managed to gain huge popularity in the crypto trading world. All credit goes to the benefits and the trading features included in it.

Now, let's take a look at some of its noteworthy features


Before you start using the Uniswap exchange or the Uniswap wallet, it is important that you dig into its features and learn how is it going to prove a beneficial endeavor for you. Hence, through this section of the read, we'll be measuring the depth of this exchange. And thereafter, we'll be taking a dig into the process of getting started with it and the method to carry out the Uniswap login process:


In reference to the Automated Market Making tool, the Uniswap exchange provides liquidity to those users who deposit their funds in smart contacts also known as liquidity pools. Whenever you take this action, your trades are automatically executed ensuring continuous liquidity and thereby reducing the possibility of market manipulation.


When exchanges are centralized, all of your data and everything that you do on that particular exchange is shared with a third party or the concerned centralized exchange. However, this is not the case with a decentralized exchange meaning that you are in complete control of your funds and you are responsible for their management.


The best thing about using the Uniswap exchange is that you are eligible to earn incentives as and when you make a contribution to the liquidity pools. The platform provides you a share of the transaction fee that is charged to the traders on the platform and the rewards that you earn are provided to you in the form of LP (Liquidity Pool) tokens. Not just that, these tokens can be staked as well.


Unlike some platforms where you need to go through a complex sign-up or KYC process, Uniswap wallet and exchange, are accessible to all. Also, you do not have to go through a complicated procedure to get started with it. This means that all of you can easily get to participate in the Decentralized Finance ecosystem.

Want to know how to start using Uniswap exchange? Check out the guidelines provided below.

Learn to get started with Uniswap 


The only pre-requirement before you start using the Uniswap exchange is that you have to have access to an Ethereum-based wallet. Even if you don't have one, then you may surely create it now. Here's what you need to do:


Step 1- Set up an Ethereum wallet 

As said above, you need to have an Ethereum-based crypto wallet by your side and there could be no better wallet than a MetaMask wallet, Trust wallet, or a Coinbase wallet. Choose any of these wallets and encrypt them very strongly.


Step 2- Get some ETH

One must note that Uniswap operated only on the Ethereum network and hence, you will need some ETH to be utilized as the gas fees. Use any of the supported exchanges to bag some ETH in your account.


Step 3- Connect your ETH wallet to Uniswap 

Navigate to the official Uniswap website i.e. https://uniswap.org/ and select the "Connect Wallet" option at the top. When you choose this option, a list of supported wallets would appear from which you need to choose the preferred one and follow the prompts for easy connectivity.


Step 4- Go through the Uniswap login process 

Before executing any trade on this platform, you need to sign into it. For this, all you need to do is navigate to their official platform. On the top-right corner, select the name of your connected wallet. Enter the login details of your connected wallet and you'll be logged in.

Swapping tokens through the Uniswap exchange 


After connecting your wallet comes the part where you'll be guided through the process to swap tokens on Uniswap after completing the Uniswap login process. Upon accessing the platform, you might feel that using its features is quite complex. However, that's not the case. Here are the easy steps to swap tokens on the platform:


If you wish to earn fees, make sure to add your tokens to one of the available liquidity pools.

Moving on, I would like to briefly introduce you to yet another efficient feature offered by the platform i.e. Uniswap wallet. Hence, if you are interested to know more about it, follow me through the read further.

A glance at the Uniswap wallet- Maintain full custody of your assets 

After purchasing your crypto tokens from any exchange, you need to make necessary arrangements for their storage. Hence, Uniswap came with its featured wallet which allows you to control all your crypto funds in its safe custody. You can even create a new wallet on the platform or import an existing one. Apart from that, you can use this wallet to:

Closing thoughts: 


Undoubtedly, Uniswap exchange, with its significant features has revolutionized how we trade crypto assets. One of the major reasons why traders use this exchange is because of the transparency factors. Apart from that, the inclusion of the AMM system and open listing policy are a few additional things that set it apart.

However, before picking this exchange for steering in the crypto world, make sure that you carry your own research and be familiar with the risks that are linked to using decentralized exchanges.