Uniswap Exchange- a robust and leading DEX for swapping

Several components/bodies come together to help investors in portraying a perfect picture of the trade of digital assets. If you are new to this world, then you might not be familiar with several bodies that play a significant role in uplifting the trade journey of the users. As you dive deeper into this world, you get introduced to numerous trading bodies circulating in this galaxy.

Unlike other crypto exchanges, existing in the world of digital assets, Uniswap Exchange is a decentralized exchange. This means that this body is not managed and owned by a single entity. Further, this exchange works on the open-source principle, which means that any individual can take note of the code and use it down the road to create their separate/own DEX. The DEXs are completely different from the centralized exchanges.  

Uniswap Exchange- A quick take

This platform made its first appearance in the year 2018 and was designed majorly for the Ethereum blockchain. Recently this exchange has also launched a wallet. The exchange even permits users to list tokens on the exchange at zero cost. Thus, this is the major reason why investors of this platform are highly engaged with swapping.

After an evaluation of this DEX, a fact discovered that this platform adheres to the same security practices as are followed by the Ethereum network. This further indicates that the sole authority to cash out the funds from this platform always rests with the investors.

To check some of its attractive attributes scroll down the read.

Traits of Uniswap DEX

Some of the highlighted traits of this decentralized exchange are:

• An open-source and decentralized exchange
• Eliminates the chances of losing assets
• Runs on two smart contracts: Factory and Exchange
• Compatible with all ERC-20 tokens

Getting involved in the swapping process on the Uniswap Exchange

Users need not get themselves registered on this platform rather they need to simply connect their crypto wallet supported by this platform and after that, they can easily enjoy the swapping function on this platform.

1. Start by navigating to the official website of the Uniswap Exchange
2. At the top right side of the screen, click on “Launch App”
3. This will help you land on the “Swap” page
4. Hit on the “Connect” button placed at the top right corner of the page
5. A list of the compatible wallets will then get appear on your screen
6. Pick up the one you want to connect with
7. Log in to the wallet picked up by you
8. In the swap box select the assets in both the blanks
9. Follow the other prompted actions to complete the swap

Wallets supported by the DEX

There are a handful of crypto wallets that are supported by this platform or are compatible to work with this platform. When you tap on the “Connect Wallet” option of Uniswap Exchange, the following wallets will appear up for connecting:

• Uniswap Wallet (recently added)
• MetaMask
• WalletConnect
• Coinbase Wallet

Closing Lines

In a nutshell, we can conclude that Uniswap Exchange is an apt choice for the ones who are fond of swapping. Easy to access this DEX carries amazing features that encourage users to cover the complete journey conveniently and in a secure environment. The services of this DEX are widening enormously and are achieving success in securing a large user base. Uniswap in a very organized manner brings developers, traders, liquidity providers, and other active players in the market together to help transform their dreams into reality.