How To Buy Uniswap | Ultimate Guide To Buy UNI
Uniswap is one of the leading decentralised exchanges in the world. The platform was developed on the Ethereum blockchain and helps facilitate automated trading of decentralised finance (DeFi) and other ERC-20 tokens. Uniswap helps to keep token trading automated and available to anyone who holds tokens. This helps improve the efficiency of the trading process compared to the methods on the traditional exchanges. UNI is the native coin of the Uniswap exchange, and it is currently the twelfth-largest cryptocurrency by market cap.
As one of the leading cryptocurrencies, we put together this comprehensive guide to help you fully grasp how UNI trading and investment works. With this guide, you can easily trade and invest in UNI.
5 Steps to Buy Uniswap Instantly!
1Visit our recommended platform to buy Uniswap by clicking the button below.
2Enter your details in the required fields to create a new account.
3Fund your account using your preferred payment method and confirm your new balance.
4Choose Uniswap and select a "Instant/Market Order” to buy it instantly.
5Enter the amount you want to buy (you’ll see the equivalent in UNI) and confirm your order!
Our Recommended Platform to Buy Uniswap
As a leading cryptocurrency, it is understandable that you are interested in learning how to trade and invest in UNI. To achieve this objective, though, you have to read the entire post to get the needed information that would help you make smart and informed decisions.
If you already know a lot about the Uniswap project and its native coin, you might want to jump right ahead and start trading it. For this, we have put together a list of the best platforms to start trading UNI. You can choose from the list of our recommended platforms to start trading.
Where to Buy Uniswap in 2021
If you are bullish on Uniswap's vision, you could buy the UNI coins and hold them for a long time. In this case, you should look at buying UNI coins from cryptocurrency exchanges. The crypto exchanges allow you to purchase the actual UNI coins. You can store them in your exchange wallet or transfer them to another private wallet for safekeeping.
On the other hand, if you are only interested in profiting from UNI's short-term price performance, you can invest or trade it using cryptocurrency brokers. Unlike the crypto exchanges, brokers allow you to gain exposure to the cryptocurrency without buying the actual coins. They allow you to profit from UNI's price performance without worrying about where to store the coins.
How to Buy Uniswap with a Broker
Cryptocurrency brokers have become excellent platforms for buying and trading a wide range of cryptocurrencies. Although they differ from crypto exchanges, they allow you to gain exposure to various cryptocurrencies. With crypto brokers, you are betting on the performance of cryptocurrencies via financial products such as contracts for difference (CFDs) or futures. This implies that you are not buying or storing the actual UNI tokens.
When it comes to crypto investment, security should be your number one priority. As a relatively new market, the cryptocurrency space is plagued with some scam projects and platforms. Hence, we always advise investors and traders to only trade with regulated crypto brokers. These brokers offer a high level of security and ensure that your funds are safe at all times. For starters, ensure you always carry out extensive research on the regulatory status of a broker before you commit to them. Using unregulated brokers means you are putting your investment at risk.
1. Register with the Broker
Buying the UNI tokens from a broker starts by opening an account with one. Most cryptocurrency brokers have easy registration processes. When you use Pepperstone or eToro, you are only required to provide a username, password, and email address to register your account. The platforms we recommend are regulated ones, and we advise that you only use them or similar ones. We also encourage using strong passwords for your brokerage account. An ideal password will contain at least 12 characters with a minimum of one capital letter, number, or symbol for security.
2. Verify your Identity (KYC Process)
Trading with regulated crypto brokers means that you have to comply with the standard regulatory practices. The crypto brokers require traders and investors to verify their accounts by completing the standard KYC (Know Your Customer) and anti-money laundering (AML) processes. By completing these processes, you will have full access to the features on the brokerage platforms, including trading, deposits, and withdrawals.
The verification process on crypto brokerage platforms involves submitting an official ID like a driving license or a passport, proof of residence, and sometimes proof of earning. By verifying your account, you are ensuring that your funds and personal data are highly secured at all times. Depending on the broker, the verification process takes a few minutes, and your account is activated within a few hours.
By adding AML and KYC verification processes, crypto platforms are showing their users that they take the security of their funds and personal data seriously. We advise using a broker that has AML and KYC measures in place.
3. Deposit Funds with your Preferred Payment Method
Once the account verification process is over, you should fund the brokerage account using any of your favourite payment methods. However, when choosing your payment method, you should consider the following;
- Transaction speed
- Transaction fees
- Availability of the payment method in your country or on the platform
These are crucial factors to consider before choosing a payment option. Although bank transfers have low fees, the transactions can take days to reflect in your account. PayPal is another option with low fees, but it is not supported on all platforms. Credit and debit cards are the most popular ones, but their transaction fees are higher. Hence, you have to consider all the options and choose the one that suits you.
4. Open a Position to Long/Short Uniswap
Once the funds are in your crypto brokerage account, you can open long or short positions on UNI. To open a long position, you have to believe in the long-term price potential of the cryptocurrency. This means you are confident UNI's price will rise over the coming months or years. In this case, you are buying to hold for the long term, and you are bullish on UNI.
On the other hand, if you want to open a short position on UNI, it means you are bearish about the cryptocurrency's price, and you don't see it performing well in the short term. As such, you are betting against the price going higher within a stipulated time. If the prediction is true, you will earn a profit by shorting the coin. Once you know the difference between the two, you can open both a long and a short position on UNI to help you make profits.
Risk management techniques are important in the cryptocurrency market and, in fact, every other financial market. By setting trading limits such as the stop loss and take profit, you are instructing the broker to get you out of favourable positions on time or help you avoid further losses on your trade, even when you are away.
5. Close your Position
Finally, you can close your position once you have attained your desired trading goal. By implementing the trading limits discussed above, it becomes easier for you to close your positions. The broker helps you do this automatically once the set limit is attained. It is smart to use trading limits because they allow you to be in control of your UNI trades even when you are away from your computer. Alternatively, you can close your position manually. You might do this if you believe your initial profit target was too high, and you want to lock in what you have already made.
How to Buy Uniswap with an Exchange
The primary place to buy UNI tokens is on crypto exchanges. Cryptocurrency exchanges have the highest liquidity for most cryptocurrencies, and they allow you to buy and hold the actual UNI tokens. As with brokers, we recommend using the services of reliable and regulated crypto exchanges. This class of exchanges offers security as well as excellent trading, deposit, and withdrawal fees.
1. Set up a Uniswap wallet
UNI is an Ethereum-based token, which means you can set up an Ethereum wallet that supports it. It takes only a few minutes to set up an Ethereum wallet that supports UNI.
- Exchange/Online wallets: Some investors buy and store the UNI tokens on their crypto exchanges. This is good if you intend to trade the UNI tokens for daily profits. However, if you wish to hold the token for a year or longer, you should consider moving it to cold storage wallets to properly secure your funds.
- Desktop wallets: Desktop wallets are special software programs that allow traders and investors to store their UNI tokens and other cryptocurrencies. There are various Ether-based desktop wallets; choose the one that actively supports the UNI tokens.
- Cold wallets: Cold storage wallets are the best types for long-term investors. These wallets offer the best security for storing your UNI tokens and a wide range of other cryptocurrencies. They usually come in the form of devices similar to flash drives. The leading cold storage wallets you can use include Ledger, Trezor, and KeepKey.
As emphasised earlier, the safety of your UNI tokens should be your number one priority. This is why we advise using cold storage wallets for saving your UNI tokens. You should also add extra layers of security in your wallet, like the 2-factor authentication. Your wallet security needs to be strong, and you should store your private keys in a secure location, away from hackers and thieves.
2. Choose and Join an Exchange that Offers Uniswap
There are thousands of cryptocurrencies out there, and a single exchange can't list them all. Hence, you have to find crypto exchanges that support the UNI tokens. As the twelfth-largest cryptocurrency by market cap, UNI is available on various centralised and decentralised exchanges. You can find UNI trading pairs on top exchanges, including Binance, Coinbase, Poloniex, and CEX. Analyse and compare the features of the exchanges and go with the one that offers the best features for you.
3. Choose Your Payment Method for Buying Uniswap
After choosing a crypto exchange and opening an account with them, it is time to select your preferred payment method to fund the account. There are various options available, and each has conditions. Debit and credit cards are very popular and available on almost all crypto exchanges, allowing you to fund your account within minutes. However, they have higher transaction fees.
Bank transfer and PayPal and the low-fee options, but bank transfers take a few days for the transaction to be completed, while PayPal is not readily available on all platforms or in all countries. The deposited funds can be used to purchase UNI coins using fiat currencies or other major cryptocurrencies.
4. Place an Order to Buy UNI
The deposited funds can be used to place a Buy Order for UNI on cryptocurrency exchanges. For exchanges that support the direct swap between fiat currencies such as USD and UNI, you can go ahead to buy the token directly. However, some exchanges will require you to buy top coins like BTC, ETH, BNB, or USDT, and use them to purchase the UNI token. Ensure you check the available UNI pairs on a crypto exchange before you start trading with a crypto exchange.
5. Safely Storing your Uniswap
After purchasing the UNI tokens from a crypto exchange, you can transfer them to a cold storage wallet or any private wallet of your choice. Storing the coins in a private wallet is important if you wish to hold UNI for a long time. Cold storage wallets are the best because they provide maximum security for your coins. Meanwhile, if you intend to trade with the UNI tokens, you can leave them in your exchange wallet and use them for trading against other cryptocurrencies.
Your UNI tokens will remain in your cold storage wallet until you are ready to move them. To transfer them to other external wallets, you will need to use the wallet's public key. You will also need the recipient's address and the amount of UNI tokens you intend to transfer.
Should you Buy or Trade Uniswap?
Investing and trading with UNI tokens are different. As a trader, you also have to know the difference between trading UNI on exchanges and on brokerage platforms. Once you understand these, you can take advantage of them to become a successful trader.
Generally speaking, traders are those who want to profit in the short term from the volatile price movements of UNI. Those who buy Uniswap tokens will tend to believe in the long-term vision of the project and want to hold for a long time in anticipation of gradual price discovery.
What's the Difference between a Uniswap Exchange and a Broker?
Cryptocurrency exchanges and brokers have different operational models. However, both provide traders with access to cryptocurrencies. With crypto exchanges, you get to enjoy buying the actual UNI tokens. You can either trade these tokens, hold them in your exchange wallet, or move them to other private wallets. Crypto exchanges allow you to trade UNI against fiat currencies such as USD and EUR, and against leading cryptos such as BTC, ETH, USDT, and BNB.
Cryptocurrency brokers, meanwhile, allow you to bet on the performance of the UNI token. This means that you can bet for or against the UNI token and make profits either way, depending on your prediction. With brokers, you are not buying or holding the actual coins but trading them as a contract for difference (CFD) or as futures contracts. You get to enjoy access to UNI without holding the actual tokens.
Uniswap: Long vs. Short Term Investment
Short and long-term investments are two different things. If you are a long-term investor, it means you are buying the UNI tokens and holding for a long time to enjoy the profits sometime in the future. You can hold the tokens for months or years till you achieve the desired result. Crypto exchanges are the best platforms for buying UNI tokens if you intend to hold them for the long term. You can move the coins to a cold storage wallet for safekeeping afterwards.
Short-term investing is also great in a different way, as you only need to hold the tokens for a few weeks or months. This investment method is best suited to cryptocurrency brokers because they allow you to speculate on the price performance of UNI in the short term, and you don't have to worry about buying and holding the actual coins.
3 Tips to Buy Uniswap
We have gone through the various ways to buy UNI tokens. However, these tips will help you gain further clarity.
1. Choose the Right Time and Do Your Own Research on Uniswap
Always do some research on the cryptocurrency project you intend to invest in. Carrying out in-depth research will help you know if you will invest in the long-term or the short-term, or if you are bullish or bearish. Also, consult multiple sources to get adequate and in-depth information on the Uniswap project. This will ultimately help you identify favourable market opportunities and take advantage of them.
2. Comparing Costs to Buy Uniswap
The trading costs on brokerage platforms and exchanges differ. You have to compare the transaction fees on the platforms and choose the most affordable one for you.
3. Safety and Security when Buying Uniswap
The third tip is always to take the security of your UNI tokens seriously. Ensure you pick a crypto platform that has implemented strict security protocols. Trading with a regulated and reputable broker ensures your funds are safe at all times. In case of a hack or security breach, the platforms can pay back the stolen funds.
What is the Best Payment Method to Purchase Uniswap?
- Buy Uniswap with cash: Buy anonymously via a peer-to-peer (P2P) exchange
- Buy Uniswap with Credit Card: Fast and convenient, but with high fees
- Buy Uniswap with Bank Transfer: A simple, cheap option, but not the fastest
- Buy UNI with Bitcoin: Available on most exchanges, convenient for crypto traders
- Buy Uniswap with PayPal: The easiest option, but not available everywhere
Other Ways to Buy Uniswap
There are other ways to buy UNI asides from the aforementioned methods. They include:
- P2P: (Peer to Peer) exchanges provide an excellent way to buy UNI tokens. The platforms allow buyers and sellers to interact and deal with each other directly. They set and negotiate the price. P2P platforms are great because users get to enjoy low transaction fees.
- Staking: You can earn UNI tokens via staking those that you already own. With crypto staking, you can earn rewards for securing a network by holding the coins in your wallet instead of using them. You will earn more UNI when you stake the tokens
This cryptocurrency trading and investment guide provides the necessary information to help you enter the Uniswap market. However, you still need to conduct in-depth research to find the best UNI trading platforms. We have made the process easier for you by researching and choosing a few crypto exchanges and brokers that support the UNI coin. These platforms are very secure, regulated and very reliable.
Frequently Asked Questions
You can buy UNI tokens whenever you wish. However, you can study the fundamentals of the cryptocurrency and determine the best time to enter the market. Our comprehensive crypto guide gives you the necessary information to make smart trading and investment decisions.
No, you can invest as much as you want in UNI. Your investment depends on certain factors such as how much you have budgeted to invest and other investment criteria.
After buying UNI from a crypto exchange, if you want to hold it for the long term, then you should move the tokens to a cold storage wallet for safekeeping. However, if you are using the tokens for daily trading purposes, you should leave them in your exchange wallet.
The best wallets to store UNI tokens are cold storage wallets like Ledger and Trezor. There are other private wallets such as MetaMask that allow you to store the UNI tokens.
Whether you buy from an exchange or a broker, use a trusted platform, such as one of those listed in this guide..
Several exchanges support a wide range of UNI trading pairs. You can trade any of the following UNI token pairs and more: UNI/BTC, UNI/ETH, UNI/BNB and UNI/USDT.
You can stake your UNI tokens and earn rewards for them. You can also trade the UNI tokens against other leading cryptocurrencies and fiat currencies. Furthermore, you can store the tokens in your cold storage wallet for long-term investment purposes.
You can get the latest UNI news and other cryptocurrencies from our platform. We provide you with the latest market news on a wide range of cryptocurrencies.