A Step-by-Step-Guide on how to buy Uniswap (UNI)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Uniswap (UNI) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Uniswap (UNI) Once your deposit has been confirmed, you'll directly have access to your assets and you can begin purchasing and trading. To invest in Uniswap (UNI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate Uniswap (UNI), you'll need to insert the cointype (UNI) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we've marked this too. Click on “UNI/BTC” to proceed.
Step 4 – Buy Uniswap (UNI) As soon as you have spotted Uniswap (UNI), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Uniswap (UNI) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of UNI you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole amount of UNI. When you're satisfied, click on “Buy UNI”. Your order will be filled when a Vender sells their UNI for the price you submitted.
Step 5 – Withdraw Uniswap (UNI) Unless you're regularly trading, you should never keepyour crypto on an Crypto Exchange for an longer time frame. To take off your Uniswap (UNI), hover over the tab called “Funds” and click on “Withdraw”. Uniswap (UNI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Uniswap (UNI) by using the provided drop-down box. Put into the amount of Uniswap (UNI) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You could be asked for phone/email verification before a withdrawal.