What is Uniswap?
Established in 2018, Uniswap is the blockchain world’s largest decentralized cryptocurrency exchange (DEX) and regularly appears in lists of the top five crypto exchanges of any kind measured by daily trading volume.
In addition to supporting crypto swaps, Uniswap allows users to earn rewards by staking crypto to liquidity pools.
The Uniswap ecosystem includes an ever-growing selection of market-leading DeFi apps for countless purposes, including lending, insurance, exchange aggregation, liquidity management, analytics, crypto derivatives trading, crypto wallets, and much more.
Uniswap has its own cryptocurrency, the UNI, which you can purchase at Kriptomat.
Year Established: 2018
Start using Uniswap DEX now
Here’s the fast, easy way to get started with the Uniswap DEX: The Kriptomat DEX Onramp.
1. Purchase Ethereum at Kriptomat
Your Uniswap journey starts with funding your account. Kriptomat is the fastest, easiest way to start. In this example, we’re starting by buying Ethereum because you’ll need it for paying fees at Uniswap. It’s easy to buy Ethereum at Kriptomat. Simply create your free account, complete the quick identity verification procedure, and make the purchase. Visa and Mastercard support means you can complete this process in minutes.
2. Set up a MetaMask wallet
MetaMask is a crypto wallet that is implemented as a browser extension on PCs and an app on mobile devices. Visit metamask.io and select “Download” and you will receive the proper version for the device you are using. Follow the instructions to complete installation. Create a wallet and password. Set up the wallet to use the Ethereum mainnet.
3. Transfer Ethereum to your MetaMask wallet
Use the Account Details menu on MetaMask to display the numeric code that is your MetaMask mainnet wallet address.
At Kriptomat, locate My Wallets and select the Ethereum mainnet. Click on Send and paste the wallet address from MetaMask into the “Recipient address” blank. Specify the amount of Ethereum you wish to send and confirm the transaction. You may need to confirm the transfer via email.
4. Add the Ethereum to your MetaMask wallet
The Ethereum you transferred is in your MetaMask wallet, but it may not be visible until you add it manually. Visit coinmarketcap.com and locate the token contract address for ETH, then open MetaMask, select “Add token,” and paste in the address.
5. Connect your MetaMask wallet to Uniswap
Navigate to Uniswap, click on the profile icon, and follow the instructions on your screen to link your MetaMask wallet to your Uniswap account.
6. Begin trading
Now that you have funded your MetaMask wallet, you are ready to begin swapping crypto at Uniswap.
It’s just that easy!