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How & Where to Buy Uniswap (UNI)

Buying Uniswap (UNI) for funds from your bank requires a 2-step process. You're going to buy some BTC or ETH from an exchange that accepts deposits from a debit card or bank account, and then you're going to transfer your newly bought crypto to a marketplace that sells UNI in exchange for bitcoin or Ether.

Step 1Buy BTC or ETH at Gemini

Sign up and purchase BTC or ETH at Gemini.

If Gemini is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money.

Step 2Go to a supporting UNI exchange:

Transfer your newly purchased BTC or ETH from your wallet to one of the exchanges listed below.

ALL UNI EXCHANGES

Uniswap Price & Information

Current UNI price and historical price chart

Why Should I Buy Uniswap (UNI)?

How and Where to Buy Uniswap (UNI)

Hayden Adams, an Ethereum developer, founded Uniswap Labs in November 2018. He wanted to introduce automated market makers (AMMs) to a broader audience on Ethereum.

The protocol was initially named “Unipeg” by Ethereum founder Vitalik Buterin who directly informed Hayden’s work. Indeed, Hayden attributes one of Buterin’s blog posts to the idea for creating Uniswap (UNI), after which he began researching the protocol in 2017.

Hayden was initially “captivated by Ethereum‘s unbounded potential“. Still, he wanted to develop and improve upon Ethereum’s existing protocols, such as: –

  • Censorship-resistant – nobody had the power to stop it
  • Decentralized – nobody had control over it
  • Permissionless – available to anyone
  • Secure – anyone could verify execution

Hayden felt something was missing with the Ethereum protocol. He said, “Something felt off in the ether. The major projects on Ethereum embodied some of its properties, but few embraced them fully. Central points of failure, censorable applications, and overly complex architecture. DAPPs were designed entirely around the idea of having a token for use cases that clearly did not need one.” – Uniswap Blog

What Is Uniswap (UNI)?

Uniswap (UNI) is an open-source, automated decentralized trading protocol that provides liquidity and trading of ERC-20 tokens on Ethereum. It eliminates the need for intermediaries. “The protocol is non-upgradable and designed to be censorship-resistant.” – Uniswap website.

Uniswap solves the liquidity problems that many decentralized exchanges have experienced because it provides automated liquidity. In September 2020, Uniswap launched its governance token $UNI, thus increasing potential for profitability and enabling a community of $UNI users to help shape the future of the Uniswap protocol.

“The Uniswap community is an ecosystem of users, developers, designers, and educators.” – Uniswap website

How does Uniswap Protocol work?

As an AMM (automated market maker), Uniswap (UNI) provides liquidity, creates liquidity pools, and swaps assets via a collection of smart contracts standards. Each liquidity pool has two assets that monitor cumulative liquidity reserves and liquidity providers’ pre-defined pricing strategies. Every time someone trades, the prices and reserves are automatically updated. Unlike traditional trading platforms, there are no third-party custodians or central order books.

On traditional exchanges, a trader buying has to match with a trader selling to execute a trade. With Uniswap, traders can use the liquidity pools to buy and sell tokens without waiting for an order match.

Uniswap DAO

When Uniswap launched the $UNI governance token in 2020, it enabled members to vote over the treasury by holding $UNI tokens, ensuring community-led growth and development.

“The Uniswap Protocol is a public good owned and governed by UNI token holders” – Uniswap website

In terms of trading volume, in 2021, Uniswap was one of the leading DEX (decentralized exchanges) and the top-ranking DAO (decentralized autonomous organization) based on treasury amounts.

What Makes Uniswap (UNI) Unique?

The primary purpose of Uniswap (UNI) is to create liquidity to add to the value of the trading experience in the DeFi space.

Adam Hayden, the founder, created the Uniswap protocol AMM formula called x*y=k. The protocol mechanism incentivizes trading activity by removing user identity requirements, reducing costs, and limiting risks, enabling anyone to create a liquidity pool for token pairs.

Via the Uniswap ecosystem, you can earn, swap, vote, and more with hundreds of DApps, integrations, and multiple tools built on the Uniswap Protocol.

In May 2021, Uniswap launched version 3 on the mainnet, which offers: –

  • Better execution for traders
  • Enhanced infrastructure
  • Improved capital efficiency for liquidity providers

Uniswap Labs has a Uniswap grants program that links to an official Twitter account detailing updates on grants issued by Uniswap Labs.

Uniswap community members contribute and express themselves through mediums beyond finance. We believe that serious play can lead to serious things ” – Uniswap website.

How and Where to Buy Uniswap (UNI)?

Binance is a trusted cryptocurrency exchange with a good reputation as the world’s largest crypto exchange by trading volume. The platform’s fiat currency funding options make purchasing Uniswap (UNI) a stress-free experience.

  1. Register for an account with Binance – verify your account. You may have to provide identification documents for reasons of security and compliance
  2. Go to “Deposit Fiat” – Binance offers several fiat currencies
  3. Choose deposit options – Visa and Mastercard or deposit by wire transfer or with cryptocurrency
  4. Open the exchange tab – $UNI is paired to UNI/USDT, UNI/BTC, UNI/BUSD, UNI/BNB, UNI/EUR, UNI/ETH on the Binance exchange
  5. Choose a currency pair and make your purchase
  6. Store your $UNI tokens – Binance has an exchange wallet, or you can choose an off-ramp cold storage wallet to secure your $UNI holdings

How do I Sell Uniswap (UNI)?

It’s easy to sell your $UNI tokens on the Binance exchange: –

  1. Sell your $UNI holdings for a stablecoin like $USDT
  2. Transfer the $USDT to a reputable off-ramp platform like Coinbase or Gemini
  3. When the transfer is complete, convert the $USDT in your Coinbase or Gemini account to fiat currency and withdraw to your bank account. You can then enjoy the profits you’ve (hopefully) made on your $UNI investment

Should I Buy Uniswap (UNI)?

Although we cannot provide investment advice, if you wish to invest in Uniswap (UNI), Binance is an established and popular cryptocurrency exchange. The platform offers Trust Wallet, a reputable open-source mobile wallet app available for iOS and Android.

Coinbase and Gate.io list Uniswap (UNI) tokens and are both trustworthy cryptocurrency exchanges. Coinbase has a self-custody wallet, and Gate.io has an exchange wallet or cold storage wallet, the “S1”.

How do I invest in Uniswap (UNI)? Safely?

If you wish to invest in $UNI tokens, purchase from a reputable cryptocurrency exchange like Binance, Coinbase, or Gate.io. After purchase, we advise storing your Uniswap (UNI) tokens securely in a cryptocurrency wallet.

  • Gate.io – UNI/USDT, UNI/ETH, UNI/USD
  • Coinbase – UNI/USD, UNI/BTC, UNI/EUR, UNI/GBP