Uniswap Exchange

Uniswap Exchange - Buy & Sell Cryptocurrency | Uniswap
Uniswap Exchange is a type of crypto exchange that uses a decentralised network protocol. No single entity owns and operates it, using a relatively new trading design known as automated liquidity protocol. This exchange is also wholly open-source. Therefore it is easy for users to copy the code to create their decentralised exchanges. Users can also quickly enlist the tokens on the exchange for free. Regular centralised exchanges are subjected to profit-making and cost very high fees to list new coins. It is a tremendous difference. Users are in charge of their funds, meaning they have complete supervision of funds at all times compared to a centralised business because Uniswap Exchange is a decentralised exchange (DEX). Also, centralised exchange traders give up control of their private keys so that orders can be logged on an internal database rather than be executed on a blockchain since it is more energy-absorbing and high-priced.

Preserving control of private keys removes the danger of losing possessions on having the exchange hacked. Traders must know that Uniswap works on two intelligent contracts. They are an "Exchange" contract and a "Factory" contract.

How To Swap Via UniSwap Exchange on a PC?
On desktop:

  1. Go to https://uniswap.org 
  2.  Secondly, in the top right-hand corner, press the "Use Uniswap."
  3. Now go to "Connect wallet" right at the top of the page and choose your wallet.
  4.  You must log in to your wallet and get it connected to Uniswap.
  5. Next, you will see an option to swap tokens directly using the drop-down options next to the "from" and "to" sections.
  6. You have to choose which token you would like to Swap. Then, enter the amount and tap "swap."
  7. Users will see a preview window of the transaction in front of them and must verify the transaction on their ERC-20 wallet.
  8. Last, You must wait for the transaction to be shown on the Ethereum blockchain.

Moreover, you can see its success via copying and pasting the transaction ID to the website https://etherscan.io/. Also, you will be able to observe the transaction ID in your wallet as the system adds it to your sent transaction history.

There are no significant parties making trades on Uniswap. It doesn't use centralized exchanges or market makers. It supports quick and fast liquidity. It works well with liquidity providers, granting their crypto tokens to establish liquidity pools.

Why should you use Uniswap Exchange?
Most of the population has shown interest in uni swap as it does no fees to list tokens. Enjoy your transactions with Free-wallet users. You can fund your wallet payment with more than 100 cryptocurrencies. Check your UNI balance in fiat currencies and monitor exchange rates.

Is it safe to use Uniswap exchange?
Most people know that this crypto exchange acts as a DEX. Hence, users do not have to fret about depriving themselves of their funds by having the network hacked. UniSwap exchange shares the same security protocol as the Ethereum network so that users can trade peacefully and reliably. It is for sure that no one can eliminate your funds from your account except you if you provide your funds to the liquidity pool as soon as possible. Remember, you do not have to get scared if someone attempts to hack into your account because your funds will not be misused until he has your account information.
It denotes that, as a user, you also have a shared responsibility to protect your account by not sharing your data or Uniswap exchange account with anyone else.
Now let us cast some light on connecting your existing wallet with Uniswap.