How to Buy Uniswap - Beginner’s Guide

Last Updated October 21st 2021
21 Min Read

If you are looking for the best ways to invest in Uniswap UNI asset, this guide on how to buy Uniswap will help you find the answers. We'll Suggest the most effective investment platform that offer you to buy Uniswap. We'll also include a tutorial on how to open an account and invest in Uniswap

Uniswap is one of the most popular decentralized crypto exchanges today. In September 2020, the protocol launched its UNI token as a way to incentivize its users. 

The UNI coin is intended to play a significant role in maintaining the Uniswap ecosystem. In a short period of time, the token has emerged as a top 10 digital coin in terms of market capitalization. 

Are you interested in buying Uniswap cryptocurrency? If so, our How to Buy Uniswap Guide will provide you with everything you need to know regarding the ins and outs of investing in this digital token. 

Contents:

How to Buy Uniswap Quick Tutorial

Here is a quick look at how you can buy Uniswap in five simple steps:

  1. Sign up with a regulated online cryptocurrency exchange.
  2. Fund your account.  
  3. Find Uniswap from the list of available cryptocurrencies. 
  4. Enter the amount of Uniswap you want to buy. 
  5. Confirm your choices, and open your trade. 

Your Uniswap coins will be instantly added to your account portfolio. Moreover, you can buy Uniswap with as little as $25 on the platform. 

Step 1: Choose an Online Uniswap Broker or Exchange

When thinking about how to buy Uniswap, the first step is to find online platforms that can give you access to this digital currency - such as a cryptocurrency broker or an exchange. 

Today, there are dozens of online services that promise you convenient and unfettered access to cryptocurrencies. That said, no two platforms are the same, and it can be a challenging process to separate the wheat from the chaff. 

If you choose a cryptocurrency exchange, you will be able to swap Uniswap from another digital coin - such as Bitcoin or Ethereum

However, more often than not, such third-party platforms do not hold any valid licenses issued by financial authorities. Such a lack of regulation can put your funds at risk. 

As such, it is crucial that you are aware of what to look for when choosing a platform to buy Uniswap. Below, we list some of the most important considerations in finding the right online broker. 

Regulation 

As we mentioned above, the lion's share of cryptocurrency exchanges operate in unregulated spaces. Moreover, once you buy Uniswap from such platforms, you are entirely responsible for keeping your digital coins secure. 

This means that you might have to withdraw the coins to a third-party digital wallet and keep your private key safe from falling into the wrong hands. 

In contrast, regulated brokers are held accountable for their actions. Meaning - they will have to keep your capital separated from the company’s own funds and submit its financial records for regular audits. 

To give you an example - eToro is one of the leading online brokers that is regulated by the FCA, ASIC, and CySEC. The platform is also registered in the US via FINRA. 

On eToro, you will be able to buy Uniswap directly by using a debit/credit card or e-wallet. You can also store your Uniswap coins on eToro at no extra cost in a secure wallet - under the watchful eye of multiple licensing agencies that regulate the platform. 

Payment Methods

When buying Uniswap, it is important that you choose an online broker that supports your preferred payment method. 

Not so long ago, buying cryptocurrencies used to be a lengthy process. This was primarily because payments were made through wire transfers which usually took days or weeks to complete. 

These days, the best online brokers give you a menu of payment systems - ranging from bank transfers, credit/debit cards, and integration with e-wallets such as PayPal and Skrill. As a result, you will be able to complete your purchase of Uniswap almost instantaneously. 

Online broker eToro is compatible with a variety of payment options - from the more traditional wire transfer, fast credit/debit cards, as well as multiple e-wallets. 

Fees and Commissions

Before committing to an online broker to buy Uniswap, you should have a clear idea of how much you will be paying in terms of fees and other charges. 

If the platform offers you access to plenty of tradable markets and useful tools - paying a reasonable amount in fees is completely justifiable. After all, the right online brokers can make the process of buying Uniswap more convenient for you. 

That said, the types of fees offered will vary from one broker to another. As such, you should compare the fee structure before deciding on a cryptocurrency broker. 

For example, cryptocurrency exchange Coinbase charges you a commission of 1.49% on all trades. This means that if you buy $1,000 worth of Uniswap - you will end up paying $14.90 in fees. If your stake is increased to $2,000, the commission you pay will rise to $29.80 - and so on. 

To elaborate further, here is how buying Uniswap will work on the platform:

  • Let's say you want to invest $3,000 in Uniswap. 
  • You create a buy order on Coinbase. 
  • The exchange charges you 1.49% for executing this order - translating to a fee of $44.70. 
  • After a while, your investment in Uniswap is now worth $5,000. 
  • You decide to sell your digital assets. 
  • Again, you are required to pay a fee of 1.49% - which amounts to $74.50. 

In this example, the total fees come to $119.20. 

Most platforms calculate the commissions against the size of your stake. As you can see, this can easily add up and eat into your profits. 

That said, if you choose a platform such as eToro - you can avoid this fee altogether. The broker allows you to access cryptocurrency markets at a 0% commission rate. 

Additionally, on some cryptocurrency platforms, you might also have to pay a transactional fee to process your payments. To give you an idea, Coinbase charges you 3.99% on all debit card transactions. 

On the other hand, over at eToro - you will only have to pay a small exchange fee of 0.5%, which is only applicable if you are depositing funds in a currency other than US dollars. 

Other Important Factors

Once you have looked into the regulatory standing and potential broker fees, you should divert your attention to a few other important factors. 

For instance, if you are new to cryptocurrency investing - you might benefit from educational resources such as guides or tutorials. On the other hand, if you are experienced, you might prefer platforms that can give you access to technical analysis tools or charts. 

As such, when looking to buy Uniswap - you should also consider the following aspects of the brokerage platform:

  • User-Friendliness: An online broker might have dozens of useful features, but without a user-friendly interface, it will only complicate things for you. Therefore, it is best to stick to an online broker that is easy to use and allows you to place Uniswap orders without any hassle. 
  • Minimum Investment: Some brokers require you to make a minimum investment in order to buy cryptocurrencies. This might not be suitable for you if you are looking to invest in Uniswap with a limited budget. That said, eToro allows you to buy Uniswap from a minimum of just $25. 
  • Storage: As we mentioned above, cryptocurrency storage is one of the key metrics when choosing an online broker. It is always suggested that you avoid unregulated platforms for the safekeeping of your digital assets. By choosing a licensed brokerage such as eToro, you will be able to store Uniswap in a secure wallet at no additional charge. 

Read Also: The Top 7 Crypto Trading Tools You Should Use

Step 2: Come up With an Investment Plan

When thinking about how to buy Uniswap in the best way possible, we suggest that you first work out an investment plan based on your financial goals. 

After all, the cryptocurrency market is highly volatile - and you should have a clear idea of what risk you are willing to take. Having a strategy in place will help you keep your emotions out of your investment decisions. 

If you are looking for some help in this area, take a look at the following investment approaches that you can use while buying Uniswap. 

Long-Term or Short-Term

When you are deciding on your investment strategy, you should first consider whether your goals are set for the long-term or short-term. 

For instance, long-term investors tend to utilize a 'buy and hold' strategy for cryptocurrencies. This means that you will be buying Uniswap coins and holding them in your wallet - until the time is right for you to cash out your assets. 

This way, you do not have to follow the short-term price swings of the crypto markets. 

On the other hand, if you would rather pursue a short-term investment plan - then you are looking to make regular purchases of Uniswap. In this strategy, your objective is to make modest profits by capitalizing on the short-term price movements of the cryptocurrency markets. 

For those unaware, the prices of cryptocurrencies fluctuate throughout the day. Short-term investors try to take advantage of this volatility - by placing regular Uniswap buy orders via an online broker and selling their positions within days, hours, or even minutes of entering the market. 

In contrast, long-term investors often hold their positions for months or years - timing the markets to achieve maximum gains. 

Check Out: Is Uniswap A Good Investment?

Target Uniswap Price

In addition to the timeframe of your Uniswap investments, you can also choose to set a target price when buying this speculative asset. 

To explain further: 

  • Let us say you are looking to double your investment in Uniswap. 
  • This means that the value of Uniswap should increase two-fold for you. 
  • In other words, if you buy Uniswap at $30, your target price is $60. 

If you want to triple the investment, then the price of Uniswap should rise to $90 - and so on. 

Of course, this might sound an unlikely target to achieve. However, bear in mind that cryptocurrencies are known for their volatile nature. 

Take the case of Uniswap itself. On January 1st, 2021 - the coin was priced at $4.75. Fast forward to May 2021 - Uniswap was valued at $44.97. This translates to an increase of 846.74% in a matter of five months. 

This only indicates how volatile the cryptocurrency market can be. Considering this, setting a target of doubling your investment is not unachievable at all. 

Don't Miss: Uniswap Price Prediction

Consider Regular Investments

As evident from above, the world of cryptocurrencies can be very unpredictable. Consequently, instead of investing your money all at once - you can choose to buy Uniswap in small amounts. 

Making such regular investments will allow you to slowly build your cryptocurrency portfolio without risking your funds in one hit. 

As such, when deliberating how to buy Uniswap - you can think of adopting a weekly or monthly investment approach. On eToro, you can start buying Uniswap from just $25 - making it easier for you to make smaller investments. 

Step 3: Open an Uniswap Broker Account

Once you have a clear idea of which investment plan to follow - you can head over to the website of your chosen broker to open your account. 

You can do this by clicking on the 'Join Now' or 'Sign up' button on the platform. All you have to do is set a username and password, along with filling in some basic information - such as your full name, address, and date of birth. 

Regulated brokers will also require you to verify your identity. You can complete this step by providing a copy of your passport/driver's license and a recent utility bill. On eToro, this process is automated and will take you less than 10 minutes from start to finish. 

Step 4: Deposit Some Funds

The next step is to fund your online trading account. 

The fastest way to add money is by using a credit/debit card. Additionally, on platforms such as eToro - you can also opt for an e-wallet such as PayPal. 

If you would rather prefer a transitional bank transfer, eToro is also compatible with this payment method. However, if you choose this route, it might take a few days for the money to appear in your account. 

Step 5: Buy Uniswap Coins

Uniswap trading order

At this stage, you are now ready to place your first order to buy Uniswap. 

For those unaware, trading orders are how you indicate to the broker what position you want to take on a digital asset - in this case, Uniswap. Once you have confirmed your order, your broker will execute it on your behalf. 

In this section of our How to Buy Uniswap Guide, we have compiled a list of the most useful orders for you. 

Buy Order

In order to invest in Uniswap, you will be placing a buy order on the digital asset. 

This tells the broker that you expect the price of the cryptocurrency to increase. 

That said, some brokers also allow you to 'go short' on cryptocurrencies - thus enabling you to capitalize on the falling price of Uniswap. In this case, you can simply set a sell order with your broker. 

Limit or Market Order

As you know by now, the value of cryptocurrencies fluctuates by every second. As such, you can take advantage of specific orders to make sure that you enter the market at the right time. 

Starting with the market order - this is used when you want to buy Uniswap at the quoted price. This means that the broker will execute your order immediately. 

However, you should be aware that due to the volatile nature of the cryptocurrency markets, there might be a slight difference between the price at which you placed the order and the price at which it was executed. This slippage is common and is almost inescapable. 

For example, you might place a market order on Uniswap at $35.10. But when the order is completed, you might notice that the price you received was $35.11. 

On the other hand, a limit order allows you to enter the market on your own terms - by specifying the entry price. 

For example:

  • Let us say that Uniswap is quoted at $35.00 on your chosen broker. 
  • You want to buy the coins only when the price hits $35.10. 
  • So you place a limit order at $35.10. 
  • When the price of Uniswap rises to $35.50 - your broker will execute your limit order for you. 

Importantly, your limit order will remain pending unless the price of Uniswap reaches your predefined price level or until you cancel the order manually. 

Stake

While placing a buy order on Uniswap, you should also specify how much you are willing to stake. In other words, this means the amount of money you are ready to risk on the asset. 

As we outlined earlier, your investment in Uniswap will depend on your strategy, financial goals, and target price. That said, it is always suggested that you start small - especially if you are a complete beginner in the cryptocurrency trading space. 

The good news is that on eToro, you can start investing in Uniswap for just $25. This allows you to slowly build a cryptocurrency portfolio without having to risk large sums. 

Confirm Order

Once again, verify all the information you have entered - including whether you are placing a buy/sell order, the amount you are investing, and your entry price. 

When you are ok with all the details - confirm your order. The broker will carry out all the respective actions to complete your order. 

The Uniswap coins you bought will be readily added to your portfolio on the brokerage platform. 

Step 6: Storing Your Uniswap

Once you buy Uniswap, you will need to store it somewhere safe. In stark contrast to fiat currencies, digital assets are stored on a decentralized wallet built on blockchain technology.  

As we have mentioned already, if you opt to buy Uniswap from a cryptocurrency exchange - you will have to find a secure digital wallet on your own. However, as the majority of wallet providers are unregulated, you might be leaving your digital assets vulnerable to hacking. 

Consequently, the safer option for you is to consider a regulated broker that can store your cryptocurrencies for you. On platforms such as eToro - you will have free access to its in-built wallet. 

As the broker is regulated by multiple entities, eToro is the safer alternative to decentralized wallets. 

Step 7: Selling Your Uniswap

Ultimately, the goal behind buying Uniswap is to get returns on your investment. In other words, you are looking to sell the digital coin for more than what you bought it for. In doing so, you will be able to make a profit. 

Similar to buying, selling your digital assets should also be carried out through a safe platform. 

If you choose an unregulated crypto exchange, the process will work more or less in the following manner:

  • You will first have to transfer Uniswap from your private wallet onto the exchange. 
  • Next, you will have to settle for exchanging Uniswap with another digital currency - such as Bitcoin.  
  • Finally, you will have to withdraw the assets to your private wallet. 

Undoubtedly, there will be additional charges involved in the process. 

In stark contrast, on eToro, you will be able to sell your Uniswap holdings in two steps:

  • Sign in to your eToro account. 
  • Go to your portfolio, find Uniswap and click on the 'sell' button. 

eToro will promptly add the cash to your trading account. The entire process will take only a couple of minutes to complete - and best of all, you don't have to pay any commission. 

Read Also: 7 Tips When To Buy A Crypto And When To Sell A Crypto

Other Ways to Buy Uniswap in 2021

In our How to Buy Uniswap Guide - we have given you detailed instructions on using an online broker to purchase this digital coin. That said, regulated platforms such as eToro also allow you to buy Uniswap using direct payments. 

Buy Uniswap Debit Card

A debit card is one of the most popular ways to shop online. They are practical, convenient, and fast. 

If you prefer this payment method, you will be happy to know that many online brokers allow you to buy Uniswap using your Visa, MasterCard, and other debit cards. 

For instance, on eToro - you can simply enter your card details and specify the amount of Uniswap you would like to purchase. As you can start investing with as little as $25 on the platform - using a debit card is one of the easiest ways to buy Uniswap. 

At the time of cashing out, you can simply hit 'sell,' and the money will be available to withdraw back to your debit card. 

Buy Uniswap Credit Card

Apart from debit cards, eToro also allows you to make payments through a credit card. 

However, when using this payment method - make sure to verify whether your chosen provider charges you a 'cash advance fee.' We find that this fee usually ranges anywhere between 3-6% of the value of your transaction. 

As such, it will be best to check with your provider before using a credit card to buy Uniswap. 

Buy Uniswap Paypal

PayPal is another payment method that is widely used for online transactions. Given its growing demand, eToro also allows you to buy Uniswap using PayPal.

Additionally, depending on your country of your residence, you will also be able to access more payment options such as Skrill, Neteller, and more. 

Uniswap ATM

A cryptocurrency ATM works more or less the same as the walk-up ATMs used to withdraw fiat currencies. 

As you can imagine, the main difference is that - instead of a fiat currency, you will be receiving your chosen digital currency in return - which can be added to your wallet. 

At the time of writing, Uniswap is not available for purchase via ATMs. Moreover, these machines also charge you a higher fee to process your payments anyway. 

Given this, it will be best to stick with a regulated broker such as eToro when thinking of how to buy Uniswap. 

How to Buy Uniswap 2021 - The Verdict

In our How to Buy Uniswap Guide, we have given you detailed step-by-step instructions on how you can purchase this digital currency. Now that you are armed with all the necessary information, we strongly urge you to do your own homework before investing in Uniswap. 

When you are ready to buy Uniswap cryptocurrency - it is best to use a regulated broker such as eToro. You will not only be able to get a 0% commission rate, but you will also be able to store your Uniswap for free on the platform. 

eToro – Best Exchange to Buy Uniswap

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

FAQs

Which is the easiest way to buy Uniswap?

It has never been easier to buy Uniswap. You can do so through a regulated broker such as eToro - by choosing to pay through a debit/credit card or an e-wallet. 

Is it safe to buy Uniswap?

Yes, buying Uniswap is safe - as long as you do it via a regulated broker. For example, eToro is a leading crypto broker that is licensed by the FCA, ASIC, and CySEC.  

What is the minimum amount required to buy Uniswap?

The minimum investment amount will vary from one cryptocurrency platform to another. On eToro, you can buy Uniswap from just $25 - making it one of the most beginner-friendly online brokers. 

Will I lose money on Uniswap?

It is possible that you might lose money when buying Uniswap. As with any other tradable asset, Uniswap also fluctuates in value. If you are able to time the market correctly and place the right order, you might be able to make money. If not, you might end up losingn some of your capital. 

What is the highest value that Uniswap has ever been worth?

On May 3 2021, Uniswap hit an all-time high of $44.97. 

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