How to Buy Crypto on Uniswap A Step-by-Step Guide on How to Use a Decentralized Exchange


If you’ve been following DeFi, you’ve probably heard of or been a part of Uniswap’s airdrop on September 17, 2020. Uniswap gave away 400 UNI tokens, worth $1,200 at the time, to anyone who interacted with the platform. before. September 2020. Uniswap managed to lock up over $2 billion dollars, making it the largest player in DeFi when it comes to total value locked.

Uniswap is a decentralized financial exchange, or DEX, that allows anyone to participate in the financial transactions of Ethereum-based tokens without a central body or intermediary. It is committed to providing users with permissionless access to financial services with security and immutability and without fear of discrimination or counterparty risk.

Because it is built on the Ethereum blockchain and uses smart contracts, Uniswap replaces traditional centralized market tools, such as exchange listings and limit order books, with automated, permissionless liquidity pools run solely by algorithms. .

Read more about UniSwap hereHere is an introduction on how to use this platform:

Go to UniSwap official website and click Launch App and it will take you to app.uniswap.org:

Now, you need to connect your wallet to UniSwap, click on connect wallet:

d8ziRBJ7iQuPQh16YhCzzBoP6azqi3 A2WphfJ5O5F Vn4jj2CgAihjw2eV3JgPcO31D87HF4HsV3Lg62ZytR6qW3yMJp0NBZYTz4HYV2qG0GRCbG4urAEE4FWetw0CKvBRY476

Choose your wallet, in this tutorial we are going to use metamask:

CuflRyA7N40sNCW DlrEKBg 8Q7koXlRlYWhnTp4lVMiMGCU4DdDCuequFQWTNVUh

Choose your account and click next:

K7LW4jB7Hy7DmCHlvlF619z0oudLT4d5t74Gel8XcyZH31zhYg2lcq8Ta46RuPz4SMcFc7cXoTN8y7boN3vreS3lYNy4vojNQYfQnwf9xcdGdWqwRNkaz lg8qlIMJij K InCQL

Click Connect:

sp4OYWAiCunK5W6gyGhv0A8qY0Jhc33LCt7pc3GKmD3IvUJmAPi4CQcA69E5IOmBG95dKJNWWq1o5B1iP5wN5hKjXhnCKI7grrVNNJ3mKrgt5WscgnAm7J9z8IOlIsgr gW3QVE

Now your wallet is connected and you should be able to see your balance and wallet address at the top of the page.

First, we need to select our market. In this tutorial, we are going to exchange some ETH for AAVE. Click on Select a tabenter the name of the token you are going to buy and select it.

Most common tokens should be there, but in case the one you’re buying isn’t, copy and paste your contract address and you can add that too! You can find the contract address for each token on its page on CoinMarketCap. In this tutorial, we are going to buy AAVE.

r0zl4Q5vk9Kh3rS krC1pkDMasHFRp291AxAZnM2J gMn36IzVbvPYrEcPXeXmPUC7byFxgFFnoCr89EOwdYlTqe nTVY8XasO4IGoxCLgA8WpnTuj2s0Cog8u5 4BGZuwAOctl
COXWQ6zYtY

After entering the quantity to buy, you can click Exchange and later Confirm exchange:

15epHyUQJDG1 oPcVPXVNqwWPj4YDFkIIAirrxrG5qk7PUdDfQI8H iH0D2Ak0QmrFthCrfLiOtnOLc2FJB66393aiwJV6gP5jKPwQubw0NgUn dW7dE5jCK2qmavBfpS NAXcvJ
Yjg 2LudL33drTms 7rOqurY6 09TNKMqLn91jTvXc90Nsxpcz5FSZYz6YTppVx91QIHalTwacospN Pm2N5vbvMxEdditVAlfr5X7lRvzZsjuQz2lUik7RKO75yx uyPhunDr2v

Now your MetaMask opens, read the details and confirm the transaction in MetaMask.

Sometimes it can take a few minutes to complete, so be patient! At the end, you will see the message Transaction sent!

We hope that you have found this tutorial useful and that you have learned how to buy cryptocurrencies on UniSwap.

This article in the series is intended for general guidance and information purposes only for beginners involved in cryptocurrencies and DeFi. The content of this article should not be construed as legal, business, investment or tax advice. You should consult with your advisors regarding all legal, business, investment and tax advice and implications. The Defiant is not responsible for lost funds. Please use your best judgment and practice due diligence before interacting with smart contracts.