UbeSwap Review 2023
UbeSwap is a popular decentralized exchange created by in 2021.
It runs on 1 different chains including Celo.
UbeSwap offers features such as liquidity mining, bridge, limit orders, staking, yield farming, spot trading and more.
We rated UbeSwap 4/5, based on it's features, security, and future prospects.
UbeSwap allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by UbeSwap.
Has a cross-chain bridge. So you can move your crypto between different chains.
Limit orders are trades that execute at a specified price. They're great for executing trades while you're away from your computer. UbeSwap handles the execution for you, and you may incur lower transaction fees than if you market buy/sell.
Has staking for it's native token; allows you to earn passive income.
Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.
This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.
All DEXs charge trading fees. UbeSwap is no different.
Trading fees incentivise liquidity providers to provide liquidity to UbeSwap. This enables people like you to freely trade between tokens without incurring too much slippage.
UbeSwap does not charge withdrawal fees.
DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.
How to use UbeSwap?
- Get a crypto wallet that supports web3 on one UbeSwap's of supported chains.
- Deposit crypto into the wallet, ensuring you have tokens for gas
- Navigate to UbeSwap's homepage
- Connect your wallet to the website
- Goto Swap/Trade
- Choose a token that you'd like to swap to
- Finally, swap!
Where can I buy UBE ?
You can by UBE direct from UbeSwap. It is the native token of UbeSwap, and they will therefore offer the most liquidity.
Is UbeSwap safe?
Yes, UbeSwap is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.
What chains do UbeSwap support?
UbeSwap supports Celo.