Where to Buy Uniswap Token – Beginner’s Guide

Uniswap is among the first platforms to provide decentralized trading and is one of the leading decentralized exchanges (DEX) in the DeFi space. The project uses the Ethereum blockchain for its operations and issues an ERC-20 native token, UNI. UNI plays a vital role within the Uniswap ecosystem, and it is used for utility and governance purposes granting voting power to its holders. 

UNI made over 100x gains during its first bull run from late 2020 to early 2021, and after hitting its all-time high in 2021, UNI dropped to $5 by the end of 2022 following the downtrend of the crypto market. However, so far in 2023, thinks looks much better for Uniswap. If you believe in the future of decentralized exchanges, UNI can be a good investment for you. Hence, you can consider adding it to your portfolio at its lowest price. 

This guide reviews how and where to buy Uniswap token, one of the most sought-after DeFi coins in the crypto markets.

Where to Buy Uniswap Coin – Platform Reviews

Below we list and review the best places to buy Uniswap in more detail:

1. Crypto.com: Margin Trade Uniswap Token

Uniswap was listed on Crypto.com on September 18th 2020, where it offers UNI/USDT, UNI/USDC and UNI/BTC spot trading pairs, as well as margin trading with leverage.

Since then, this platform has become one of the best for futures trading. Crypto.com has an easy to use interface and quick account creation process – requiring only the entry of user details and document submission. It also has a mobile app to trade on the go.

If you want to invest in Uniswap using debit or credit cards, Crypto.com provides you with speedy transactions. It allows you to buy UNI tokens instantly, albeit you’d need to pay a 2.99% transaction fee.

However, Crypto.com provides a 30-day free trading model – allowing you to buy and sell Uniswap for a month without worrying about any trading fees. After the trial period’s end, Crypto.com’s commission becomes 0.4% per trade. But you can bypass paying it by owning the platform’s native token – CRO.

If you don’t’ want to limit yourself to just one currency on Crypto.com, you can expand your portfolio by looking at its other offerings. The platform holds 250+ tokens, all popular and gaining tremendous traction in the market. Additionally, Crypto.com provides interest for your crypto investments. There is no lock period on these investments, and your selected token determines the APY. Also, Crypto.com offers a debit card that you can use to spend your cryptocurrency to buy real-world assets.

Cryptoassets are a highly volatile unregulated investment product. 

2. Binance: Trade Uniswap with Low Fees

Binance has high trading volumes of more than $10 billion per day and more than 100 million registered users. Binance has quickly become the favourite place to purchase any cryptocurrency. To buy Uniswap on this platform, you can use USD or crypto. Going by the traditional route is convenient but pricey – costing 4.5% transaction fees. On the other hand, Crypto transactions cost only 0.10% per trade.

Opt for ACH and wire transfers if you don’t want to pay a transaction fee when using standard payment methods. But keep in mind that you’d be trading off cost for time, as funds can take several days to reach your Binance account. Regardless of what method you choose, tokens will populate your wallet once the transaction is complete.

Binance web wallet is unique. In addition to providing traditional security tools, it also offers cold storage, device whitelisting and a special insurance policy for crypto traders. It is known as SAFU or Safe Fund for Users, and it compensates the users if someone hacks their account. Another storage facility by Binance is the Trust Wallet. It is non-custodial, easy to use, and you can download it on your IOS and Android devices.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase: Reputable Cryptocurrency Exchange to List UNI

If you want to invest in Uniswap, which is easy to use and caters to traders worldwide, Coinbase is a good choice. Founded in 2012 by three friends who couldn’t open a bank account because their respective banks refused to acknowledge them as small business owners, Coinbase has since evolved into a NASDAQ listed company.

Since starting, Coinbase has gained 90 million trading accounts. It is one of the most trusted platforms in America. And even though it lacks in the customer-support department, it makes up for it with an interactive UI and a transparent approach to crypto trading. Furthermore, if you want to purchase Uniswap using fiat currencies directly, Coinbase allows you to do so.

Investing in UNI is easy with Coinbase. Once on board this platform, you can buy Uniswap coin with a bank account, bank card or other cryptocurrencies. But remember, the transaction fee for using a debit card is 3.99%. We recommend using bank transfers on Coinbase.

Also use Coinbase Pro to reduce fees further – it drops the transaction fee to 0.5% per trade.

Cryptoassets are a highly volatile unregulated investment product.

What is Uniswap?

Most crypto trading across the globe takes place on centralized platforms. Launched in 2018, Uniswap challenged this dominance by introducing the concept of a decentralized exchange.

Built on the top of the Ethereum Blockchain, Uniswap is a DEX that allows for permissionless transactions of ERC20 tokens without the need of a middleman. All the users maintain control of their funds and thus, are in total control of their private keys – protecting their assets on their terms.

Ultimately open source and freely interactable for all who wish to enter the crypto space, Uniswap is the adopter of DeFi – Decentralized Finance – a concept that has grabbed the attention of those seeking fewer regulations and more freedom in the digital economy.

Currently, Uniswap exchange is the world’s fourth-largest DEX platform. It holds more than $3 billion worth of crypto assets in its protocol.

The key driving force behind Uniswap is AMM or Automated Market Maker. It is a smart contract – providing tokens and managing liquidity pools. By leveraging the interplay between the supply and demand of tokens in these pools, it effectively manages the token prices to keep them fair.

The current centralized environment of blockchain is not without issues. Under the control of a centralized authority, it is susceptible to unfair changes that can deter the interest of crypto enthusiasts. By staying decentralized, Uniswap gives everyone a voice in developing its protocol – indirectly taking inputs to build a better DeFi ecosystem.

That’s where the UNI token comes in. It is the governance token of Uniswap, and owning it allows the holders to have a say in the decentralized exchange development. Over time, this token has accumulated more power. For instance, after the introduction of Uniswap v.2, a new protocol came. It sends 0.5% of every 0.30% of the trading fee to a Uniswap fund to develop the DEX. Although currently turned off on the community’s request, the liquidity providers will start receiving 0.25% of the trading pool fees if it turns back on in future.

Even though Uniswap is a DEX, its native token, UNI, is available on centralized exchanges.

Further reading: How to Buy DUMBLE Token

Is Uniswap a Good Investment?

Ever since its launch, and the emergence of decentralized finance, people have been asking whether investing in Uniswap is a good option. Uniswap is now the fourth largest decentralized exchange globally and has set a precedence for the blockchain space that few can match.

Cryptos and DeFi tokens are volatile however, so be prepared to hold for the long-term and use dollar cost averaging (DCA) to get a better average entry.

We’ve covered where to buy Uniswap coin, and in terms of why to buy it, below are factors to consider:

Decentralized Exchanges are the Future of Finance

It wouldn’t be an understatement to say Uniswap was years ahead of its time when it launched. The UNI token is the native of the Uniswap DEX. And when you have a say in the development of this platform, you’d have the power to direct the course of DeFi’s future.

Also, new regulations have allowed centralized exchanges such as Coinbase, and Binance to allow fiat-to-crypto purchases. But these rules are unique and these trading platforms aren’t capable of hosting all crypto assets.

That factor creates a void that can be filled with the presence of DEXs.

Uniswap empowers the crypto community by facilitating peer-to-peer crypto trading. Built on the Ethereum protocol, the smart-contract enabled trading ensures a fair exchange of currencies between people. Additionally, this DEX allows the traders to swap more than 30,000 assets. For those looking to make big money on obscure investments, Uniswap has become a haven.

Passive and Flexible Income via Liquidity Pools

Unlike centralized staking, on which centralized exchanges depend when deciding the price of tokens, Uniswap operates on liquidity pools.

Using a liquidity pool crypto traders can earn passive income by locking in their tradable securities. With each successful trade using the investor’s liquidity, 0.3% transaction goes to the investor’s wallet. It is a concept known as Liquidity Mining. In this instance, the investors are called liquidity providers (LP).

Basically, you lock in your assets that you won’t use. Still, because these assets support current transactions on the blockchain, you earn money while doing what many might consider nothing.

For long term investors, this is akin to earning free money.

With Uniswap, investors can earn UNI tokens by simply supplying them to the liquidity pool supporting the DEX. Therefore, those banking upon Uniswap’s popularity in the crypto space will make more if UNI has more investors.

In this day and age, generating passive income is more than just vanity; it is a mode of survival. People are yearning to enhance their income in meaningful ways. Uniswap, with its decentralized approach to finance and reward-through-liquidity-pools model, provides the same benefits as stock ownership.

Rapid Growth in the Crypto Space

Uniswap has become the most forked cryptosystem. By utilizing its open-source, enthusiasts are creating their DeFi ecosystems. Many popular DEXs branched out from this protocol, such as Sushiswap, Pancakeswap, Dodo, Curve, Burgerswap etc. The current trends suggest that more derivatives will continue to emerge. The global crypto market currently stands at $2 trillion, clearly indicating a wave of new investors in the crypto space.

The influx of new investors has swelled the transaction volumes – playing a pivotal role in enhancing the value of several DEXs, primarily UNISWAP and the UNI token.

Last year, Uniswap averaged $1.5 billion (per day) in transactions alone.

Due to this growth, investors are eager to jump aboard this crypto-gravy train; you might want to do the same.

But remember that Uniswap is a crypto asset, and it is volatile. And recently, it has drawn the ire of some regulatory bodies who have put some transactions under scrutiny.

High Total Value Locked Value but Bearish PA

Even though Uniswap is gaining some mass adoption, its price has been in a bear cycle. This is not something to be alarmed about as corrections in crypto are standard, especially in altcoins. Furthermore, Uniswap is a well-established project in the sector of DEXs, so the coin has good potential for growth when the bear market ends. 

Now could be a good time to buy UNI tokens as the current total value locked (TVL) is $3,405,619,466. This valuation makes it one of the most significant DeFi projects and ranks it the #20 largest crypto project on CoinMarketCap charts. 

Uniswap Price

When Uniswap was officially launched in 2020, it was traded at a price of $3.5. The coin was performing quite well during the first days of its launch. However, after reaching $5.2 UNI started to lose its value and dropped as low as $2.1 in November. It managed to recover slightly and crossed 2021 with a price of $3.67. 

2021 was a hugely successful year for Uniswap, and by the middle of April, UNI hit $37, rising by more than 900% compared to its closing price of 2020. The coin peaked at new heights taking advantage of the bullish run of the cryptocurrency market. In May 2021, UNI hit its all-time high of $43.08, showing an 1100% raise from its initial listing price. 

After that, UNI entered a bear market, dropping to $14 and recovering to $26. The value of this token fluctuated between $19-$26 during the last months of 2021; by the end of the year, its price decreased to $17.82. 

2022 was a tough year for the whole cryptocurrency market. Several negative events happened, which resulted in the crash of many high-profile cryptocurrencies while others lost their value significantly. Uniswap reached the lowest of $3 but managed to uptrend due to some factors, including new upgrades, listing on Robinhood, etc. Still, UNI closed 2022 with a price of $5.09, which was still 700% lower compared to its all-time high.

UNI All-time Price Performance, Source: coinmarketcap.com

So far in 2023, the UNI coin has a YTD return of nearly 12%. The Uniswap price today ranges from $5.85 – $6.05, and the trading volume in a typical 24-hour period can exceed $78.6 million. The circulating supply of UNI tokens is 577,486,703 UNI, and the market cap is $3,414,090,527. 

Uniswap Price Prediction

Speaking about Uniswap investment in the long-term perspective, this cryptocurrency is observed as a valuable project in the DeFi space. The sector of decentralized exchanges has been growing recently, with Uniswap being one of the best DEXs among them. Hence, Uniswap has great long-term growth potential and can be a good investment for those who think the DEX industry has a chance. 

Still, apart from the fundamental analyses and considering the development of the Uniswap project, you need to also do market research to understand how the coin’s value will perform in the next few days, months, or years. Considering the risks associated with crypto trading, it is highly recommended you do your own research before putting your capital at risk.

You can also look at the UNI price projections made by AI-based platforms. These platforms are mostly optimistic about UNI prices in the future. One of the platforms we explored is Digital Coin Price which indicates that UNI will be on a bullish run this year with a minimum trading price of $12.57. According to this platform, UNI can have a minimum price of $5.28 and a maximum price of $12.87. 

Price Prediction is another platform we used to analyze Uniswap price forecasts. The letter suggests that UNI will have an average price of $8.43 with a maximum price of $9.69. Price Predictions data shows that UNI will reach $100 in 2030, while Digital Coin Price predicts this can happen no sooner than 2032. 

Eventually, Wallet Investor predicts a bearish direction for the UNI price considering the last 30-day price performance. According to this platform, UNI will keep losing its price, and it can drop from $5.891 to $0.458 with a change of 92% in its price. 

Best Ways to Buy Uniswap Token

To buy Uniswap, you have many options before you. But choose your preferred method carefully, for what is convenient might be pricey, and vice versa.

Using the best crypto trading platforms we have reviewed, you can leverage the following methods to invest in UNI tokens.

Buy Uniswap with Debit or Credit Card

Buying Uniswap with a conventional debit card or debit card is possible on many platforms. The process is simple, and all it takes is choosing any debit or credit card and making the payment.

Be careful about the platform you choose. Some platforms come with a high transaction fee.

Buy Uniswap with PayPal

If you don’t want to deal with the hassle of attaching your card details and waiting for bank transfers to complete the transaction, you can opt for PayPal payment instead. The process is simple, and all it takes is inputting your PayPal details and letting the automated system take it from there. As the process is fast, you’ll instantly populate your wallet with UNI tokens.

Buy Uniswap without KYC

Even though Uniswap coin is a governance token of a decentralized platform, you still need a centralized portal to purchase it unless you’re confident enough to use Uniswap DEX. In the long run, holding crypto on a regulated centralized platform can be safer for beginners.

Best Uniswap Wallet

After learning how to buy Uniswap coins, think about how you must store them. Private-key-enabled wallets are suitable for crypto assets, and these wallets are downloadable as mobile apps or desktop software. The leading wallet providers to watch out for are Solflare Wallet, Crypto Wallet and Sollet wallet. In addition to giving you security, they allow you exclusive access to provide keys.

How to Sell Uniswap

Most trading platforms allow you to sell back your Uniswap and exchange it for fiat money using a simple process.

All you need to do is go to the portfolio section and place your order to sell Uniswap for USD. Or you can open a second account on Crypto.com, transfer your tokens to it then sell them for USDT (Tether).

Selling into USDT and similar stablecoins allows you to protect your capital during bearish market conditions as they are pegged to the value of the US dollar.

Conclusion

Uniswap has pioneered the concept of decentralization. As the first DEX to become popular in the decentralized finance (DeFi) space, Uniswap is continually breaking new ground with its updates. Coinmarketcap ranks it at #20 in terms of market capitalization – one of the most valuable cryptos.

In terms of where to buy Uniswap tokens securely, Crypto.com is the most regulated and safe crypto platform. It’s open to the United States and most of the world.

FAQs on Buying Uniswap