Uniswap is a hugely successful Defi Coin project that is behind its very own native token – UNI. In the eight months that followed its token launched in September 2020, Uniswap has since increased by more than 9,000%.
If you’re wondering how to buy Uniswap in the easiest and most cost-effective way possible – this guide is a must-read. Not only do we show you how to buy UNI tokens online – but we discuss the best broker to do this with.
The easiest way to gain exposure to Uniswap is via commission-free brokerage site Capital.com. You will be trading UNI in the form of a CFD instrument – meaning there’s no requirement to own or store the tokens. Instead, it’s just a case of entering your stake and choosing from a buy or sell position.
Here’s how to buy Uniswap CFDs in less than 10 minutes with a debit/credit card, e-wallet, or bank transfer.
Your CFD order on Uniswap will remain open until you decide to close it. When you are ready to cash out, you simply need to place a sell order and the funds will be added to your Capital.com cash account.
Your capital is at risk – 67.7% of retail investor accounts lose money when trading CFDs with this provider.
If this is your first time buying a cryptocurrency from an online broker or exchange – the process can be somewhat intimidating for newbies. The good news is that we are now going to walk you through the Uniswap trading process step-by-step.
You will first need to open a trading account with a top-rated brokerage site that gives you access to Uniswap tokens. We would argue that Capital.com is the best broker for the job – as the provider is heavily regulated and allows you to buy Uniswap CFDs without paying a single cent in commission.
To get the ball rolling, you will need to visit the Capital.com website and hit the ‘Trade Now’ button. You will then be prompted to enter your personal information and contact details.
Unlike a lot of platforms in the cryptocurrency trading arena, Capital.com is heavily regulated. This means that you will have the backing of both the FCA and CySEC. This does, however, mean that you will need to go through a quick KYC (Know Your Customer) process.
At Capital.com, this simply requires you to upload a copy of your government-issued ID – such as a passport or driver’s license. The platform should be able to verify the documents straight away.
You can now make a deposit into your Capital.com account. The platform supports a wide range of payment methods, which is inclusive of:
There are no transaction fees when depositing or withdrawing funds at Capital.com – which is a major advantage.
Once you have funded your Capital.com account – you can then proceed to buy Uniswap CFDs. First, enter ‘UNI/USD’ into the search box and click the result that pops up (like in the image below).
This means that you will be trading the future value of Uniswap against the US dollar.
Then, you will need to set up a buy order – which means you are speculating on the value of Uniswap tokens increasing. Once you have entered the amount of money you wish to stake, confirm the order. Capital.com will execute your Uniswap buy order instantly at the next best available price.
Top Tip: If you want to enter the market at a specific price, you can set up a limit order at Capital.com. This allows you to specify the exact price that you want your Uniswap position executed at.
Among many other reasons – such as having access to leverage and short-selling facilities, one of the best benefits of buying Uniswap via a CFD instrument is that you do not need to worry about storage. This is because CFDs simply track the underlying asset value, so the tokens do not actually exist.
As a result, when you make the decision to cash out your Uniswap position at Capital.com, all you need to do is place a sell order. In doing so, Capital.com will close the trade and add the proceeds to your cash balance – which you can then withdraw.
Uniswap is a multi-billion-dollar cryptocurrency – so there are now dozens, if not hundreds of online brokers and exchanges that give you access. Although it is great having so much choice, most cryptocurrency trading platforms are not regulated. This puts your capital at risk – if the platform gets hacked, you could lose your entire allocation of Uniswap tokens.
With this in mind, below we review the best online broker that allows you to access Uniswap tokens from the comfort of your home.
Capital.com is by far the best place to access Uniswap online. First and foremost, this hugely popular trading site is regulated by two highly reputable financial bodies – the FCA (UK) and CySEC (Cyprus). As a result, you can be sure that your trading capital is in safe hands at all times.
As we noted earlier in this guide on how to buy Uniswap, you will be trading CFD instruments as opposed to purchasing actual cryptocurrency tokens. We would argue that this is a major benefit, as you do not need to go through the hassle of obtaining a wallet and then safekeeping your private keys. Instead, all you need to do is place a Uniswap buy order. When trading Uniswap CFDs at Capital.com, you also have the option of going short.
By placing a sell order, this means that you can make a profit if the value of Uniswap tokens goes down. Capital.com also allows you to trade Uniswap CFDs with leverage. Those based in Europe will be capped to leverage of 1:2 as per ESMA regulations, while many other countries have much higher limits. When it comes to fees, Capital.com is a spread-only broker, meaning you won’t pay any commissions to place buy or sell orders on Uniswap.
There are no ongoing platform fees and you won’t be charged to make a deposit or withdrawal. Supported payment types are plentiful – including debit/credit cards, e-wallets, and bank transfers. On top of Uniswap, Capital.com supports dozens of other DeFi coins and cryptocurrencies. You can also trade CFDs in the form of stocks, ETFs, indices, forex, precious metals, energies, and more.
Uniswap is one digital currency out of almost 10,000 crypto projects. As a result, you are best advised to perform lots of research before you proceed to buy Uniswap.
If you’re wondering whether Uniswap is a buy – be sure to make the following considerations.
Although Uniswap is a cryptocurrency with a huge multi-billion-dollar market capitalization, the token was only launched in late 2020. Back then, you would have paid about $0.48 per UNI token.
Fast forward to May 1st 2021 and Uniswap tokens breached a market price of $44. This means that those buying the DeFi coin when it first hit public exchanges would have been looking at financial returns of over 9,000%.
Many Defi coins are now expensive to own, with the likes of Wrapped Bitcoin (WBTC) trading at over $36,00 and Maker (MKR) at $3,500.
In the case of Uniswap and its UNI token, you can still invest at a relatively low price. At the time of writing, the tokens are trading at the $25 level. This means that by staking $250, you would get yourself 10 full tokens.
It goes without saying that decentralized finance has every chance to become the next big thing. In particular, decentralized exchanges (DEX) – which allow you to trade digital currencies without a third-party operator, are growing at a rapid pace.
With that said, Uniswap is still the largest DEX in terms of trading volume, which can only be good news for its UNI token. Additionally, those that decide to add their tokens to the Uniswap liquidity pool will earn a percentage of all trading fees collected by the platform. This allows you to combine the fruits of capital gains and dividends.
When it comes to making a Uniswap price prediction – we simply do not have enough data to do this with any certainty. After all, the digital currency was only launched on public exchanges in September 2020. Furthermore, and perhaps most importantly, Defi coins like Uniswap are still largely unproven.
As a result, instead of making a Uniswap price prediction, it’s best to focus on the long-term viability of the project. On the other hand, it could be argued that the upside potential with Uniswap is still relatively attractive. Based on an at the time of writing market capitalization of $14 billion, there is plenty of additional movement for continued growth.
If you decide to buy Uniswap from a cryptocurrency exchange, you will need to think about how you intend on storing your tokens. Many, but not all, wallets support Uniswap – so below we have listed the best providers for your consideration.
MetaMask is arguably the best Uniswap wallet for those seeking convenience. This is because the wallet comes as a browser-based extension – so you can access your digital UNI tokens at the click of a button. You can also access your MetaMask wallet via a dedicated mobile app.
The Trust Wallet – which is backed by Binance and compatible with both Android and iOS phones, is one of the best options for beginners. The app is really simple to use – especially when it comes to sending and receiving funds. The Trust Wallet has an integration with Simplex – meaning that you can also buy digital currencies with ease.
If you strongly prioritize security over convenience, then the best Uniswap wallet is arguably the Ledger Nano. This is a hardware wallet that for all intents and purposes – offers the most secure way to safely store digital currencies. The Nano Ledger will set you back in the region of $70 – which could be money well spent if you’re a long-term HODLer.
Top Tip: Don’t forget – if you decide to trade Uniswap via a regulated CFD broker like Capital.com – there is no requirement for you to obtain a wallet.
If you’re looking at how to buy Uniswap from the comfort of your home – you’ve got dozens of providers to choose from. If you decide to buy the tokens from a conventional cryptocurrency exchange – the process can be a bit cumbersome. You will also need to go through the hassle of finding a suitable Uniswap wallet – meaning that you are responsible for the safekeeping of your UNI tokens.
This is why we would argue that the best way to access Uniswap is through a regulated CFD broker like Capital.com. Not only will you be able to speculate on the future value of UNI tokens without paying any commission – but you will have access to leverage facilities. Plus, opening an account takes minutes and you can instantly deposit funds with a debit/credit card or e-wallet.
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