Download XDEFI Wallet: the best Uniswap wallet.
XDEFI Wallet makes Web3 safe and easy: it allows you to store, send, and swap Cryptocurrencies and manage your NFTs from a single, safe wallet, which can be used as your Uniswap wallet.
What is Uniswap?
Uniswap was created in 2018 by Hayden Adams as one of the first Ethereum-based Decentralized Exchanges (DEX) that uses an automated market maker (AMM). This allows anyone with a Uniswap-compatible wallet to trade crypto tokens.
A DEX like Uniswap operates on smart contracts without the need for a traditional buy and sell orderbook or the limitations of a Centralized Exchange (CEX).
Uniswap is the largest DEX in the world with roughly $7 billion total value locked. Uniswap was so successful that many DEXs copied its code and improved on its design to provide a better place to swap crypto for users.
What makes Uniswap unique?
One of the first DEXs in the Decentralized Finance V1 movement to move away from a CEX like Binance which had high fees for trading crypto.
Uniswap pioneered the concept of liquidity pools (LPs) and AMMs allowing for seamless trading at any time. By providing liquidity to these LPs, users could earn yield on their crypto assets.
What are the core features of Uniswap?
- Yield bearing liquidity pools and AMM model
- Self-custody of assets
- Permissionless, meaning that any user can connect their supported wallet to make an Ethereum-based trade from one crypto to another without the need for a centralized exchange
What is the native token of Uniswap and where can I buy it?
The native token is the UNI token and it can be used for governance voting to enact changes to the Uniswap protocol.
UNI can be purchased through Centralized Exchanges such as Binance, KuCoin, or Coinbase. To avoid using a CEX, UNI tokens can be swapped on Uniswap or Sushiswap or within XDEFI Wallet.
Transactions on Uniswap require ETH for assets on the Ethereum blockchain.
Where can I get an Uniswap wallet?
XDEFI Wallet allows you to safely store, send, and swap Cryptocurrencies and manage your NFTs from a single, safe wallet, which can be used as your Uniswap wallet.
XDEFI Wallet is also compatible with the Uniswap web application.
XDEFI Wallet is multichain and supports more than 1000 dApps.