If you are based in the UK and looking to buy the Uniswap coin, this guide will help you with everything you need to know about this coin, which is the 11th largest cryptocurrency coin in the world in terms of market capitalization as of May 2021.
In this how to buy Uniswap UK guide, we are going to help you find UK exchanges and brokers that support Uniswap with margin trading, and show you the full process of how to buy the UNI coin in the United Kingdom.
How to Buy Uniswap UK – Step by Step Guide 2021
If you are looking for a quick way to buy Uniswap in the UK, simply follow our 4-step process below:
- Open an account with eToro: First, head over to the eToro site and register for an online account.
- Verify Your Identity – On this step, you’ll be asked to submit personal information and upload documentation that verifies your identity.
- Deposit Funds: Choose your preferred deposit method to fund your new eToro account – debit/credit cards, PayPal, Skrill, and bank transfer – and then deposit a minimum of £140 to get started.
- Buy Uniswap Token: Search for Uniswap/UNI in the search bar at the top of the screen and click on the ‘Trade’ button. In the order form, enter the amount you want to invest and click on the ‘Open Trade’ button.
What is Uniswap?
Uniswap is a decentralized financial protocol that is used by developers, investors, and individuals in order to exchange digital assets. It is known as the largest and most popular DEX in the world with around 40,000 daily users and over 2000 cryptocurrency trading pairs. Unlike other crypto exchanges like Binance, Coinbase, and Poloniex, Uniswap is not centralized and is not operated by any singular entity. Instead, it provides a fully decentralized protocol for automated liquidity provision on the Ethereum application. In other words, the Uniswap protocol enables all types of traders and liquidity providers to participate in a cryptocurrency marketplace that functions as a public pool for crypto users.
The Uniswap platform was founded in 2018 by Hayden Adams who was inspired by the Ethereum vision and even received various grants from the Ethereum foundation. Since its launch, the Uniswap project has gained lots of interest and many crypto fans believe it is better than centralized crypto exchanges and decentralized crypto exchanges like SushiSwap. It is open-source software, meaning anyone can view and copy the code on Uniswap GitHub. And, it is built on top of the Ethereum blockchain network with the main purpose of this DEX is to solve the liquidity issue on cryptocurrency exchanges by automating the market-making process. To do that, the system runs the automated liquidity provision which works in another way as traditional exchanges – Instead of using the regular order books that match a buyer and a seller, the Uniswap platform has created a crypto exchange where there’s no need for buyers and sellers in order to create liquidity as it creates crypto markets automatically.
Additionally, Uniswap has a native governance ERC-20 token of the Uniswap protocol that enables users to exchange ERC-20 coins (including Ethereum and Ethereum Classic) and to stake the token on the Uniswap DEX liquidity pools. Overall, the Uniswap token has a total circulating supply of 1 billion coins and it is currently ranked 11th on CoinMarketCap with a market cap of almost $40 billion. Plus, the exchange has 11 million visitors per month, according to SimilarWeb.
Why Buy Uniswap? Uniswap Analysis
Uniswap has made headlines in the crypto industry over the last year and its token is now one of the most popular in the world. But, you need to make sure you understand the strengths of this business and the reasons why you want to buy a Uniswap token. Below, you can find some of the key points about the Uniswap exchange as well as the Uniswap token:
- Uniswap is the largest Decentralised Cryptocurrency Exchange – At the time of writing, Uniswap is the number one Decentralized Exchange (DEX) in the world with 2188 listed coins and an average daily volume of nearly $4 billion. At the current price per coin, the exchange is currently worth around $22 billion.
- Uniswap solves one of the biggest problems in financial markets, the liquidity problem – Uniswap has a revolutionary technology that can be implemented in many exchanges around the world (not necessarily crypto) that look to solve the liquidity problem. It essentially has the ability to eliminate the traditional order book model and replace it with an automated market maker (AMM) technology.
- Uniswap is a big platform for non-fungible tokens (NFTs) – NFTs are the latest cryptocurrency craze and some even say it is the future of the internet. In that aspect, Uniswap DEX is one of the main applications for NFTs, a factor that can make this exchange a leading platform for this type of digital assets in the future.
- The decentralized finance (Defi) Market Keeps Growing – Uniswap is a DefiDeFi application that runs on the Ethereum network. But it is also a huge marketplace for Defi developers and hosts over 200 Defi projects.
When we analyze the Uniswap token’s historical price performance, it has been on a wild ride since the launch of the coin in September 2020, and particularly since the beginning of 2021. On January 1st, the coin was trading at a price of $4.91 and during the past five-month, it has gained over 714%, rising to its current price of slightly over $40 per one Uniswap token. During this time, the Uniswap token has also reached an all-time high of $45.01 per coin at the beginning of May.
When we go back further in history, the Uniswap token went public in September 2020 at a price of just $0.48. In the first week of trading, UNI spiked to $7.7 and then fell to a range of around $3-$3.5 per coin until the uptrend started in 2021. Overall, since the token launch in 2020, Uniswap has gained a return of around 8200%.
Uniswap Price Prediction
Uniswap DEX gained huge traffic over the last years and since the launch of its token in September 2020, the UNI price spiked by more than 8200%. Initially, traders who already have had an account on Uniswap received a reward of 400 tokens for free and throughout this period of time, the UNI token has become one of the most in-demand coins in the crypto market.
Consequently, it is no wonder that most crypto analysts believe the Uniswap token can reach $75-$120 by the end of the year. Others predict that Uniswap might be trading around $180 in 2022 and $350 in 2025. DogitalCoin’s outlook is a bit more modest with a forecast of $59 in 2021, $72 in 2022, $81 in 2023, $117 in 2025, and $182 in 2030.
Where to Buy Uniswap in UK
If you are based in the UK and looking for where to buy Uniswap UK, the first thing you need to do is to find a crypto exchange or an online platform that is available for UK investors and supports this coin. To help you get started, in the section of our how to buy Uniswap UK guide, we suggest two UK-regulated platforms that offer Uniswap trading.
1. eToro – Overall Best Cryptocurrency Platform in the UK
The first brokerage firm on our list is eToro, a social trading platform that was founded in 2006 and offers trading on thousands of financial products and funds including digitals assets and Uniswap. The main reason why eToro is the best platform in the UK to buy Uniswap is that it provides a commission-free trading when you buy digital currencies and other products. This means you do not need to pay the standard fees that crypto exchanges usually charge (around 0.1%-0.5% per trade). Instead, you simply have to pay the buy and sell spread.
Notably, eToro is not primarily a cryptocurrency exchange like Bitstamp, Bitfinex, and Coinfloor. As a matter of fact, it is a multi-asset brokerage firm that allows users to buy shares, commodities, FX currency pairs, ETFs, and indices. In addition to that, eToro offers trading on 19 crypto assets directly from the blockchain network. Also, eToro is one of the few exchanges in the market that enables you to buy Bitcoin and other digital currencies with credit and debit cards as well as with PayPal.
Different from most crypto exchanges out there in the market, the eToro platform is very easy to use. The user interface has the purpose of providing an all-in-one solution for all levels of traders, and you can easily get familiar with the web based platform and eToro’s mobile app that is available on Android, and iOS.
Besides eToro’s attractive pricing structure, you also get access to a social trading network where you can connect with other users and even copy trades of other investors if you are not planning to actively trade Uniswap and other coins. This CopTrade tool, which is the flagship products of eToro, enables beginner investors to copy trades of other investors with a proven track record and at the same time, enables top performing-traders to make an additional income by allowing other users to copy their trades.
Finally, if you have any concerns at all about start trading with an unregulated entity, eToro is a great solution for UK customers. It offers you to buy and sell thousands of assets on a fully FCA-regulated company. Plus, it is regulated by CySEC and ASIC and is protected by the FSCS that offers coverage of up to 85,000 GBP in case the broker can no longer meet its financial obligations.
67% of retail investor accounts lose money when trading CFDs with this provider.
2. Binance – Largest Cryptocurrency Exchange in the World in Terms of Liquidity and Volume
If you prefer buying Uniswap on a reputable and trusted crypto exchange, then Binance might be the best choice. This exchange was founded in 2017 by Changpeng Zhao and is known as the largest crypto exchange in the world in terms of daily volume and the number of registered users. Additionally, it offers users a huge range of more than 150 crypto coins, including Uniswap, Dogecoin, ETH, BTC, Polkadot, Sushiwap, XRP, Cardano, Litecoin, and many more.
Binance is by far one of the best exchanges to trade Uniswap and buy cryptocurrency, however, you should take into consideration that it is not the most easy-to-use trading platform. Further, you cannot yet buy Uniswap tokens at Binance with credit or debit cards nor with PayPal. Instead, you need to make a deposit with one of the coins that the exchange accepts or with a bank wire transfer using your British Pounds or other fiat currency. As such, the process of buying Uniswap at Binance involves buying Ethereum or Bitcoin first (or any other that trades versus UNI) and then exchange it to Uniswap.
Nonetheless, Binance allows users to buy Uniswap with a leverage of 5x and gives users access to an advanced platform with a level 2 order book and very good charting tools.
Another benefit of Binance is that you can trade Uniswap versus different coins – this includes UNI/BNB, UNI/BTC, UNI, USDT, UNI/EUR, etc. In terms of the trading costs at Binance, you’ll have to pay a fixed trading fee of 0.1%, which is lower than the majority of crypto exchanges in the industry. Finally, if you decide to open a Binance account, you’ll get access to lots of tools and features including staking, derivatives trading, crypto loans, the Binance wallet, and the Binance pool.,
Your Capital is at risk.
How to Buy Uniswap Tutorial
Now that we have covered some crucial information about Uniswap, it’s time to show you how and where to buy Uniswap in the UK.
Step 1: Sign Up for an eToro Account
The first step in the process is to visit eToro’s site and sign up for an account. To do that, simply click on the Join Now button and fill in your personal details in the registration form. After that, you simply need to activate your account by clicking on the activation link sent to your email by eToro.
Step 2: Verify Your ID
As previously mentioned, eToro is regulated by the Financial Conduct Authority, which is the regulator of over 58000 financial services businesses in the United Kingdom. As such, the broker must ask all of its clients to complete a verification process that includes answering additional personal information and uploading both a proof of identity (POI) and proof of address (POA).
Step 3: Deposit Funds
eToro says that the verification process can take a few days. But meanwhile, you can use this time to trade on the demonstration account that allows you to get familiar with the platform without having to risk real money. Then, once your new account is approved, you can immediately add funds via one of the supported payment methods – credit or debit card, bank transfer, PayPal, Neteller, or Skrill.
Step 4: Buy Uniswap
Now, all the is left for you to do is to purchase Uniswap Token on eToro’s platform. To do that, you first need to find the coin on the platform by typing in Uniswap or UNI in the search bar.
Then, click on the first result that pops and you’ll be transferred to the Uniswap instrument page. On this page, you can analyze the coin using several research tools and place an order by clicking on the Buy button.
Once you are ready to buy Uniswap, click on the Buy button and you’ll immediately be taken to an order form. If you want to get instant market execution, choose the ‘Trade’ and insert the amount you want to invest (in US Dollars or the number of coins). Then, to place the order in the market, click on the Open Trade button.
Conclusion – eToro – Best Broker to Buy Uniswap UK
To sum up, there’s no doubt that Uniswap token is one of the most interesting cryptocurrencies in the market right now. The Uniswap DEX represents a major shift in the market, removing any involvement from third party entities in financial exchanges. Uniswap can eliminate the need of market maker and instead, it automates the process of exchanging coins using the blockchain technology and smart contracts. Also, the fact that Uniswap V3 will use NFTs to tokenize liquidity positions is a crucial factor for the growth of this exchange, if indeed NFTs will change our world.
When we look into the future of Uniswap – much like the Binance Coin, the Uniswap token can keep growing and becoming an integral currency in the crypto market and in the global economy. That said, buying Uniswap token in the UK is not yet a simple process. As such, if you want to the most cost-effective and user friendly platform to buy Uniswap in the UK, then you should sign up with eToro and start trading on its platform. Otherwise, Binance is another solution though it is a bit complicated and more suited for experienced investors.
67% of retail investor accounts lose money when trading CFDs with this provider.
How can I buy Uniswap with a credit and debit card?
Buying Uniswap with a credit or debit card is not a service you can find on any platform. Moreover, some crypto exchanges like Binance charge a very high fee for purchasing digital assets with credit and debit cards. As such, the best solution is to use eToro, which allows you to deposit funds with credit and debit or PayPal and speculate on the price of Uniswap.
Can I mine Uniswap?
Yes, essentially, it is possible. But, in order to that, you must visit the Uniswap website and check when UNI will be available again through one of the liquidity mining pools.
Is Uniswap a good investment?
Presently, Uniswap is the biggest DEX exchange on the Ethereum network and as such, it seems like it has a promising future. Though it is not yet clear whether Uniswap can keep growing at this rapid pace, Uniswap is one of the best Defi projects and its token has a lot of further room to grow.
How can I buy Uniswap with PayPal?
You can buy Uniswap Contract for Difference (CFD) through eToro with PayPal. At the time of writing, this is the easiest and most cost-effective way to do that.
What is Uniswap v3?
Uniswap v3 is the latest version of the Uniswap protocol. With this version, liquidity providers get more control over the price ranges in which their funds are used and alerts for getting better prices.