Buying Uniswap tokens or any other tokens can sometimes be a bit tricky if you don’t know the most convenient or cost-effective place to get these tokens. After using many apps and services to buy various kinds of cryptos, I have found the best place to buy Uniswap Tokens is the actual Uniswap exchange. You can access it here
There are also many third-party exchanges or services that would be more than happy to help you get some Uniswap tokens, but charge a higher fee to be paid than necessary – so it’s important to make sure you are getting the best price.
You can see a list of all the places where Uniswap tokens are available for purchase by going to a website like Coingecko. Search for the token you want, then scrolling down to see some of the exchanges where your token is listed. It is recommended to use this page to lookup statistics on the Uniswap token and where the best rates are offered, before buying any token.
How to Buy Uniswap Tokens
After you’ve located the exchange where you want to buy your Uniswap tokens, you’ll need the proper tools to manage the purchase.
- The first item you will need is Ethereum (ETH) itself, If you don’t already know what Ethereum is or have some in your wallet, you will want to get some in your wallet and always keep some on hand to cover the transactions fees. If you don’t already have some ETH, you can buy some from a Centralized-Exchange (CEX) like Coinbase or a mobile app like Abra.
- The second tool you will need is a Web3 wallet, I would highly-recommend Metamask as a default wallet since it is the industry-standard and it is very user-friendly.
- The last tool you will need is a hardware wallet to keep your tokens safe. Crypto can be very dangerous if you are not mindful of safety precautions, AT ALL TIMES. Make sure to always keeps your tokens in a secure place where you can always get to them while ensuring no bad-actors can ever get access to them.
Benefits of Buying Uniswap Tokens on Uniswap
Some of the many benefits of using the Uniswap exchange to purchase Uniswap tokens are that you do not need to submit a selfie, any documents to start using the exchange, & it is completely decentralized. You simply download a cryptocurrency wallet like Metamask that is compatible with the exchange and you are free to start buying the coins you wish.
Another benefit of buying tokens on Uniswap is that it is always up and running, 100% of the time. There are numerous instances when a DEX will go offline at times when there is too much volume, or for other various reasons. The Uniswap Protocol has always had 100% uptime, since its inception.
One of the few drawbacks of using Uniswap is that at the time of this article, it can get expensive to make transactions on Uniswap because of how popular the DEX has gotten over the past year. Depending on the time of your purchase and size of your order, it may be wise to check the gas fees and wait a day or two for the lowest gas fees required to buy coins.
A final tip is to up your gas price (GWEI) if you are having trouble getting your transaction to clear or experience long wait-times. DO NOT up the gas limit, this is just burning precious gas (ETH) in most cases.
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