{"id":1842,"date":"2022-01-28T06:50:11","date_gmt":"2022-01-28T06:50:11","guid":{"rendered":"https:\/\/www.grocrypto.io\/?post_type=review&#038;p=1842"},"modified":"2022-02-05T19:44:13","modified_gmt":"2022-02-05T19:44:13","slug":"uniswap","status":"publish","type":"review","link":"https:\/\/www.grocrypto.io\/review\/uniswap\/","title":{"rendered":"Uniswap"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1842\" class=\"elementor elementor-1842\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11cc7e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11cc7e3\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-02e2a54\" data-id=\"02e2a54\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47a1c0f elementor-widget elementor-widget-heading\" data-id=\"47a1c0f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-xxl\">Uniswap<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8145e6 elementor-star-rating--align-center elementor--star-style-star_fontawesome elementor-invisible elementor-widget elementor-widget-star-rating\" data-id=\"a8145e6\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"star-rating.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-star-rating{color:#ccd6df;font-family:eicons;display:inline-block}.elementor-star-rating i{display:inline-block;position:relative;font-style:normal;cursor:default}.elementor-star-rating i:before{content:\"\\e934\";display:block;font-size:inherit;font-family:inherit;position:absolute;overflow:hidden;color:#f0ad4e;top:0;left:0}.elementor-star-rating .elementor-star-empty:before{content:none}.elementor-star-rating .elementor-star-1:before{width:10%}.elementor-star-rating .elementor-star-2:before{width:20%}.elementor-star-rating .elementor-star-3:before{width:30%}.elementor-star-rating .elementor-star-4:before{width:40%}.elementor-star-rating .elementor-star-5:before{width:50%}.elementor-star-rating .elementor-star-6:before{width:60%}.elementor-star-rating .elementor-star-7:before{width:70%}.elementor-star-rating .elementor-star-8:before{width:80%}.elementor-star-rating .elementor-star-9:before{width:90%}.elementor-star-rating__wrapper{display:-webkit-box;display:-ms-flexbox;display:flex;-webkit-box-align:center;-ms-flex-align:center;align-items:center}.elementor-star-rating__title{margin-right:10px}.elementor-star-rating--align-right .elementor-star-rating__wrapper{text-align:right;-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-star-rating--align-left .elementor-star-rating__wrapper{text-align:left;-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-star-rating--align-center .elementor-star-rating__wrapper{text-align:center;-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-star-rating--align-justify .elementor-star-rating__title{margin-right:auto}@media (max-width:1024px){.elementor-star-rating-tablet--align-right .elementor-star-rating__wrapper{text-align:right;-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-star-rating-tablet--align-left .elementor-star-rating__wrapper{text-align:left;-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-star-rating-tablet--align-center .elementor-star-rating__wrapper{text-align:center;-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-star-rating-tablet--align-justify .elementor-star-rating__title{margin-right:auto}}@media (max-width:767px){.elementor-star-rating-mobile--align-right .elementor-star-rating__wrapper{text-align:right;-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-star-rating-mobile--align-left .elementor-star-rating__wrapper{text-align:left;-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-star-rating-mobile--align-center .elementor-star-rating__wrapper{text-align:center;-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-star-rating-mobile--align-justify .elementor-star-rating__title{margin-right:auto}}.last-star{letter-spacing:0}.elementor--star-style-star_unicode .elementor-star-rating{font-family:Arial,Helvetica,sans-serif}.elementor--star-style-star_unicode .elementor-star-rating i:not(.elementor-star-empty):before{content:\"\\002605\"}<\/style>\n\t\t<div class=\"elementor-star-rating__wrapper\">\n\t\t\t\t\t\t<div class=\"elementor-star-rating\" title=\"4.9\/5\" itemtype=\"http:\/\/schema.org\/Rating\" itemscope=\"\" itemprop=\"reviewRating\"><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-full\">&#xE933;<\/i><i class=\"elementor-star-9\">&#xE933;<\/i> <span itemprop=\"ratingValue\" class=\"elementor-screen-only\">4.9\/5<\/span><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f1ce6b elementor-drop-cap-yes elementor-drop-cap-view-default elementor-widget elementor-widget-text-editor\" data-id=\"4f1ce6b\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;,&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a href=\"https:\/\/uniswap.org\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Uniswap<\/span><\/a><span style=\"font-weight: 400;\"> is a decentralized exchange built on Ethereum that leverages global liquidity pools to create unique markets for any pair of assets and uses an automated liquidity protocol as its trading model.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cec67c3 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"cec67c3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"#\" class=\"elementor-button-link elementor-button elementor-size-sm elementor-animation-pulse\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">JOIN now<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-265ace9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"265ace9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-92a3460\" data-id=\"92a3460\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fdf6409 elementor-widget elementor-widget-image\" data-id=\"fdf6409\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/uniswap.org\/\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t<img width=\"1898\" height=\"912\" src=\"https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_11.png\" class=\"attachment-2048x2048 size-2048x2048\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_11.png 1898w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_11-300x144.png 300w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_11-1024x492.png 1024w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_11-768x369.png 768w, https:\/\/www.grocrypto.io\/wp-content\/uploads\/2022\/01\/Screenshot_11-1536x738.png 1536w\" sizes=\"(max-width: 1898px) 100vw, 1898px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce49d35 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce49d35\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5d7e187\" data-id=\"5d7e187\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-537581a elementor-widget elementor-widget-heading\" data-id=\"537581a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">PROS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-521e987 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"521e987\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.grocrypto.io\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">User-friendly interface<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">More than 200 DeFi integrations<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">High liquidity<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">DeFi coin with staking and potential protocol fee sharing<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c5f3345\" data-id=\"c5f3345\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0f1565c elementor-widget elementor-widget-heading\" data-id=\"0f1565c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CONS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8526e8 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e8526e8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-times-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Supports only ERC-20 tokens<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-times-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Not as decentralized as it appears<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-times-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">No live chat support<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d4b471 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d4b471\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cb7dcfa\" data-id=\"cb7dcfa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbf898d elementor-widget elementor-widget-text-editor\" data-id=\"fbf898d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Background Information About Uniswap<\/strong><\/h2><p><span style=\"font-weight: 400;\">Founded in 2018 by Hayden Adams, <\/span><a href=\"https:\/\/uniswap.org\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Uniswap<\/span><\/a><span style=\"font-weight: 400;\"> is a fully decentralized protocol for automated liquidity provision on Ethereum. The platform empowers developers, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to all.<\/span><\/p><p><span style=\"font-weight: 400;\">In September 2020, Uniswap launched its token UNI. It enabled Uniswap to bring community governance to the Uniswap community. Not only that, but it also enabled scores of its users to stake their UNI token and make more profits. It was a major move to make Uniswap a truly decentralized protocol.\u00a0<\/span><\/p><h2><strong>How does Uniswap Work?<\/strong><\/h2><p><span style=\"font-weight: 400;\">Uniswap is an automated liquidity protocol. It leverages smart contracts to operate liquidity pools to enable buying and selling of tokens without using the traditional market order books. It means that in Uniswap, there is no order book, no centralized party, and no central facilitator of trade.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Each pool is defined by a smart contract consisting of some functions to enable swapping tokens, adding liquidity, and much more. At its core, each pool utilized the function x*y=k to maintain a curve along which trades can happen. Further, the pool keeps track of the reserves (liquidity) and updates those reserves each time a user trades. As the reserves are automatically rebalanced, a Uniswap pool can always be used to buy or sell a token without requiring a counterparty on the other side of a trade.<\/span><\/p><h2><strong>How to Start Trading at Uniswap?<\/strong><\/h2><p><span style=\"font-weight: 400;\">To start trading tokens in the Uniswap app, you first need to get an Ethereum wallet and obtain some tokens.<\/span><\/p><p><b>1. Creating an Ethereum Wallet<\/b><\/p><p><span style=\"font-weight: 400;\">Your Ethereum wallet is the key to interacting with the Uniswap app and all decentralized applications (dapps) in the Ethereum ecosystem. Your wallet stores your private keys &#8211; the secret password you use to authorize transactions. To create a wallet, you can use any popular wallets like <\/span><a href=\"https:\/\/metamask.io\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Metamask<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/wallet.coinbase.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Coinbase<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/rainbow.me\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Rainbow<\/span><\/a><span style=\"font-weight: 400;\">, or <\/span><a href=\"https:\/\/trustwallet.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Trustwallet<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p><p><b>2. Getting your first tokens at Uniswap<\/b><\/p><p><span style=\"font-weight: 400;\">The Uniswap app supports the trading of any token for another token. In case you are using Ethereum for the first time, you need to purchase your very first token using fiat money from a bank account or a credit card.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Though you can trade almost any ERC-20 token on the Uniswap app, your wallet must have ETH to execute a trade. It is because all the transactions on the Ethereum network must pay a gas fee to miners who perform the computation. Moreover, you must pay the gas fees in ETH, and hence you must hold enough in your wallet to cover the cost of a Uniswap transaction.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Once you buy ETH, you can send it to your wallet and navigate the Uniswap app to start trading.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">It is crucial to note that non-Ethereum assets such as BTC, BCH, DOGE, and other similar tokens, are not compatible with the Uniswap protocol because they are not ERC-20 tokens. These assets live on different blockchains separate from the Ethereum blockchain.<\/span><\/p><h2><strong>How to Connect a Wallet to the Uniswap app?<\/strong><\/h2><p><span style=\"font-weight: 400;\">To start using the Uniswap app, you need to connect your wallet by following these steps.<\/span><\/p><ol><li><span style=\"font-weight: 400;\"> Visit the website of <\/span><a href=\"https:\/\/app.uniswap.org\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Uniswap<\/span><\/a><span style=\"font-weight: 400;\">, and click on the &#8220;Connect to a Wallet&#8221; button.<\/span><\/li><li><span style=\"font-weight: 400;\"> You will get a prompt asking you to select your wallet from the list. If you do not see your wallet in the list, select &#8220;WalletConnect&#8221; to get a QR code that your wallet can scan.<\/span><\/li><li><span style=\"font-weight: 400;\"> After this, your wallet will prompt you to confirm the connection. Once you confirm, you will be connected to the Uniswap app, and ready to trade<\/span><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1707dfb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1707dfb\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b1064cb\" data-id=\"b1064cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-931bdc8 elementor-widget elementor-widget-heading\" data-id=\"931bdc8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions About Uniswap<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-026d7d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"026d7d7\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-96dff86\" data-id=\"96dff86\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0cc4471 align-at-right animated-slow uael-faq-box-layout-yes elementor-widget elementor-widget-uael-faq\" data-id=\"0cc4471\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t\t<div id='uael-faq-wrapper-133' class=\"uael-faq-wrapper\"> \n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-31ef590\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">                    \n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<h3 class=\"uael-question-31ef590 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1\">1. Is Uniswap secured?<\/h3>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">Uniswap is one of the strongest DeFi protocols in the business. It is highly stable, and its back-end security is much safer than other platforms. They run through a process that does not require an order book, making it harder to track or hack the platform or a user\u2019s account.<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-28d6c42\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">                    \n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<h3 class=\"uael-question-28d6c42 uael-question-span\" tabindex=\"0\" id=\"uael-faq-2\">2. How do I find a token at Uniswap?<\/h3>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">At Uniswap, you can find a token in the default list. If you do not find a token, you need to find the token address using Etherscan and paste that address into the search field.<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-09afb22\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">                    \n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<h3 class=\"uael-question-09afb22 uael-question-span\" tabindex=\"0\" id=\"uael-faq-3\">3. How do I withdraw from Uniswap?<\/h3>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">As the name says, there is no direct withdrawal process at Uniswap. All you can do is swap. You can swap your token into another token and use them accordingly.<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":1844,"menu_order":0,"template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"acf":[],"_links":{"self":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review\/1842"}],"collection":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review"}],"about":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/types\/review"}],"version-history":[{"count":16,"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review\/1842\/revisions"}],"predecessor-version":[{"id":2483,"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/review\/1842\/revisions\/2483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/media\/1844"}],"wp:attachment":[{"href":"https:\/\/www.grocrypto.io\/wp-json\/wp\/v2\/media?parent=1842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}