How to Buy Uniswap

Uniswap (UNI) cryptocurrency ranks at 24 place by capitalization. It’s 14 June 2024 on $8,094,537,120 year. Circulating supply: 753,766,667. Maximum supply – 1,000,000,000. The price of UNI for today – $10.76 with trading volume of $328,733,591 for 24 hours. The maximum price of Uniswap was registered on 3 May 2021 year and was – $44.92. The lowest price of UNI, $1.030, was registered on 17 September 2020.
Uniswap (UNI)
$10.76 +8.19% ↑
24h price change
$0.8800
Capitalization
$8,094,537,120
24h trading volume
$328,733,591
on the official website

How to Buy Uniswap Price in USD: Convert to US Dollar

UNI
UniswapUNIUniswap
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on the official website
Data updated 6/13/2024

    UNI is the native token of the Uniswap decentralized cryptocurrency exchange. UNI complies with the ERC-20 standard and runs on the Ethereum blockchain.

    At its core, governance tokens, to which UNI belongs, are similar to both a loyalty program and company shares: users receive bonuses for contributing the development of the platform, and can also vote, influencing the operation of the protocol.

    This article will help you understand what is the uniqueness of the UNI cryptocurrency and where you can buy it.

    How to buy Uniswap
    Uniswap logo

    What is Uniswap

    UNI is the governance token of the exchange Uniswap. Token standard: ERC-20, network – Ethereum. The total volume of UNI is 1 billion.

    Uniswap is a decentralized exchange built on the Ethereum blockchain. Instead of a traditional order book, it uses a permanent market maker model. Uniswap allows direct peer-to-peer cryptocurrency transactions without intermediaries.

    The token gives holders the right to vote on new developments and changes to the platform, including how issued tokens should distribute to the community and developers, as well as any changes to the fee structure.

    Uniswap homepage
    Uniswap homepage

    Where to buy Uniswap

    There are many opportunities to buy UNI: exchanges, digital payment services, banks like Revolut. Regardless of the purchase option, you need to study the proposed conditions in detail (for example, more convenient methods may cost more, and vice versa).

    The best and most profitable solution to buy UNI is crypto exchange. Main pros of this method: reliability, regulation, high liquidity and a wide range of payment options (bank transfer, payment cards, p2p, etc.). In addition, on many exchanges you can buy cryptocurrency by fiat money (dollars, euros, etc.).

    Uniswap buying instructions

    Step-by-step instructions for buying UNI at a bargain include assessing the level of risk, choosing a crypto exchange, registering, replenishing an account.

    Decide on the level of risk

    When investing in cryptocurrencies, it is important to remember that crypto are high-risk assets. Therefore, you should not invest your last money in them and not to invest more than you can afford to lose.

    Choose a crypto exchange

    There are many trading platforms on the market, and each of them has its own parameters and features. Therefore, it is important to choose exactly the exchange that is most suitable for you purposes (commissions, deposit and withdrawal methods, etc.). You also need to take into account the reviews of other users and the ratings of trading platforms, which are easy to find on the Internet.

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    564.16
    2WhiteBIT
    WhiteBIT
    BTC trading volume, 24h
    288.55
    3HTX
    HTX
    BTC trading volume, 24h
    247.41
    4OKX
    OKX
    BTC trading volume, 24h
    204.36
    5Bybit
    Bybit
    BTC trading volume, 24h
    166.07

    Register an account

    To buy UNI, you can choose any of the reliable exchanges where the coin is traded. Services like CoinMarketcap and CoinGecko can help with this. In this article, we will consider buying UNI on OKX. This crypto exchange is characterized by simple registration, user-friendly interface, good trading conditions and high liquidity.

    Here are a few steps for registering a new user on OKX:

    1. Open the official page of the exchange OKX;
    2. Click Sign Up in the top right corner;
    3. Enter your email, create a strong password, enter your referral code (if available) and click Sign Up again;
      OKX Exchange Registration
      Registration on the OKX exchange
    4. Enter the six-digit code sent to the specified email address;
      Code form
      Code entry form
    5. Registration is completed.
    Detailed registration instructions can be found in exchange overview.

    Fund your account

    On OKX only cryptocurrency deposits are available. To make a deposit:

    1. Open Assets → Deposits → select deposit currency (for example, USDT) → specify network;
      Select coin and network
      Coin and network selection
    2. Specify the account type → copy the received address;
      Get wallet address
      Getting a wallet address
    3. Open wallet from which the deposit will be replenished;
    4. Select USDT, click Send and enter the address received in the exchange wallet (point 2 of this instruction), or scan the QR-code;
    5. Confirm the transaction and check the availability of funds in the exchange account.

    Buy Uniswap (UNI)

    To buy UNI on the OKX exchange:

    1. Click Trade → Basic trading;
    2. Select the trading pair UNI/USDT;
      OKX Trading Pair Selection
      Choosing a trading pair on OKX
    3. Specify the order type, for example, Market;
    4. Enter the amount of payment currenct to buy UNI;
    5. Click Buy UNI.
      Purchase on OKX exchange
      Buying on the OKX exchange

    How to sell Uniswap

    To selling on OKX you should make the same sequence of steps as for buying. Only after selecting the type of order on the left side of the terminal, you need to specify amount to sell and click Sell UNI.

    Selling on the OKX exchange
    Selling on the OKX exchange

    Where to store UNI

    The presence of cryptocurrency implies the use of cryptowallets. For long-term storage, it is better to use the most reliable option – cold wallet. If a user plans to actively trade and needs quick access to assets, it is better to have a “hot” wallet. When using this type of storage, you need to keep security in mind: enable two-factor verification, store the recovery password in a safe place, etc.

    Because UNI is an ERC-20 token, it can be stored in any storage that supports this standard. Below are the wallets that are best for storing UNI.

    Metamask is a multi-platform wallet that allows you to store, send, receive and exchange ETH tokens, ERC-20 and ERC-721 collectible tokens. Private keys are stored on the user’s computer or phone.

    Metamask
    Metamask

    Trust Wallet is a decentralized wallet for storing cryptocurrencies, tokens and NFTs. This is the official crypto exchange wallet Binance. Supports 40+ blockchains. There is a mobile version for Android and iOS.

    Trust Wallet
    Trust Wallet

    Atomic Wallet is a multi-currency crypto wallet that can be used to buy cryptocurrency from a payment card. The built-in exchange service allows you to exchange 60+ cryptocurrencies with cashback. Private keys are under the control of the user and developers do not have access to them.

    Ledger is a hardware wallet for storing coins offline. Supports all popular blockchains. The ledger was developed using the highest security standards. A hardware wallet is the most secure way to store crypto.

    Ledger
    Ledger

    How to withdraw Uniswap to my wallet?

    Consider withdrawing UNI from OKX to Exodus wallet.
    To withdraw UNI from an exchange to a wallet:

    1. Click Assets → Withdraw;
    2. Select UNI, translation network → click Continue;
      Start withdrawal of UNI to wallet
      Start withdrawing UNI to wallet
    3. Open a wallet (eg Exodus), select UNI and click Receive;
      Get wallet address
      Getting a wallet address
    4. Copy the address from your Exodus wallet;
      Withdraw UNI to wallet
      Withdrawing UNI to a wallet
    5. Paste copied address and amount of coins to be transferred → click Continue;
      Withdraw UNI to wallet
      Withdrawing UNI to a wallet
    6. Wait for the transaction to complete and check if there is money in the account.

    FAQ

    What is Uniswap (UNI) and how does it work?
    UNI is the native token of the Uniswap DEX platform. Uniswap is a decentralized exchange built on Ethereum. With smart contracts built into its protocol, Uniswap allows to trade without intermediaries, achieving a high level of decentralization and resistance to censorship. Uniswap has no the order book of a traditional digital exchange. It uses the market maker with constant product model (a variant of the more common decentralized exchange model known as the Automated Market Maker).
    Where can I buy Uniswap?
    UNI is traded on large crypto exchanges in pairs with cryptocurrencies, fiat currencies, etc. Often, on Binance and OKX and other exchanges, as well as the Uniswap DEX exchange itself.
    When is the best time to buy Uniswap?
    The best time to buy any crypto asset can be determined based on technical and fundamental analysis. If it is difficult to conduct independent research, it is necessary to study the value of the project, the prospects for its development according to the roadmap, feedback from users and experts.
    Should I buy Uniswap?
    You need to understand how the potential benefits of investing in Uniswap outweigh the possible consequences of the risks. Uniswap has risks such as possible transaction failures that could affect the price of the token. At the same time, the value of UNI is in its use as a governing token and providing liquidity for a decentralized exchange.

    The outlook for UNI will largely depend on the success of the Uniswap protocol. The UNI token could be a profitable long-term investment as lower fees are announced in the Uniswap V3 protocol.

    However, when investing in any crypto project, you need to remember that this is a high-risk activity, and you should not invest money, the loss of which will be critical for the budget.

    What is Uniswap used for?
    The UNI token is intended to govern the Uniswap protocol. UNI holders who own 1% or more of the total UNI supply can submit proposals to develop the platform, while any UNI holder, regardless of the number of coins, can vote on these proposals. UNI holders can also help fund grants, partnerships, liquidity mining pools, and more.
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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