How to buy in Uniswap exchange?
It is interesting to know that in Uniswap exchange, many of the best coins exist and exist without being in centralized exchanges, and then they are brought to centralized exchanges. To shop on Uniswap you need an Ethereum wallet like MetaMask and some Ethereum in it.
In this article on shetcoiner website, we will teach you how to buy from Uniswap, so stay tuned until the end of this article.
Uniswap is a decentralized exchange that, unlike the centralized exchange mechanism, provides the ability to exchange tokens without the need to place an order in the Order Books list. The method of exchange and swap in centralized exchanges is that you transfer your token or cryptocurrency from your wallet to the exchange wallet and the exchange registers your order in the order list to receive another token for you. On the other hand, the other party also gives its token or coin to the exchange and is placed in the order book list. Now the money changer will give you a token or coin from its own wallet to another or another and will also receive a fee for itself.
Now let’s think that it is not better for two people to exchange their coins with each other and there is no relationship like an exchange? Uniswap does just that, relieving users of the complex fees and commissions of centralized exchanges that have made trading difficult by their own rules.
How to buy coins or tokens in Uniswap?
This is very easy in Uniswap, first must have an Ethereum wallet and some Ethereum in it for the Ethereum network fee and buy or sell in Uniswap. If you want to buy from Uniswap exchange, you can follow the list of actions below to learn:
1- Install Metamask.
- Go to the Metamask website and download it and install it on your browser.
- Now next to your browser as a MetaMask plugin you see a fox icon and click on it to open.
- Metamask will create a new Ethereum wallet address for you, in this step, write your password and then write down and keep the Secret Backup Phrase in a safe place.
- 4- Now you can copy the address of your wallet.
2- Transfer network transaction fee to wallet.
1- Send some Ethereum to your wallet address in your favorite exchange so that you can use that Metamask wallet as a network fee.
3- Shopping at Uniswap
1- Go to Uniswap site and select ETH up. Then select a token below that token.
2- For example, you can choose ZCX to buy in Uniswap.
- Select the amount of ETH you want to spend to buy your token.
- Now click on the Swap option to swap.
5- Metamask will open in a new window for you to receive your approval.
6- Then wait until the transaction is completed. Do not worry about anything at this stage; it will take a few minutes.
7- Now if everything goes well, you will see your new coins in your wallet that you bought and you can invest.
Let us know your questions and problems.
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