UniSwap Review 2023

UniSwap is a popular decentralized exchange created by Hayden Adams in 2018.

It runs on 4 different chains including Ethereum, Polygon, Arbitrum.

UniSwap offers features such as liquidity mining, spot trading and more.

We rated UniSwap 5/5, based on it's features, security, and future prospects.

UniSwap Features

Liquidity Mining

UniSwap 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 UniSwap.

Spot Trading

This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.

UniSwap Fees

Trading Fees

All DEXs charge trading fees. UniSwap is no different.

Trading fees incentivise liquidity providers to provide liquidity to UniSwap. This enables people like you to freely trade between tokens without incurring too much slippage.

Withdrawal Fees

UniSwap 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 UniSwap?

Get a crypto wallet that supports web3 on one UniSwap's of supported chains.
Deposit crypto into the wallet, ensuring you have tokens for gas
Navigate to UniSwap's homepage
Connect your wallet to the website
Goto Swap/Trade
Choose a token that you'd like to swap to
Finally, swap!

FAQ

Where can I buy UNI ?

You can by UNI direct from UniSwap. It is the native token of UniSwap, and they will therefore offer the most liquidity.

Is UniSwap safe?

Yes, UniSwap 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.