Uniswap Trading – Tutorial and Brokers
Uniswap is a crypto token with the ticker symbol UNI. In this article, we’ve explained what the coin is, how it relates to the Uniswap exchange, and the risks and potential rewards in trading the token. This review aims to give you all the information you need to join the UNI community, including strategies and a how-to guide for getting started trading Uniswap.
Uniswap Brokers & Exchanges
Here is a short summary of why we think each broker belongs in this top list:
- OKX - OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.
- Moomoo - Moomoo added spot crypto trading capabilities with 50+ tokens, including major names like Bitcoin, Ethereum, and Dogecoin. It was also the first US broker to provide SEC-registered blockchain-native shares like Figure Technology Solutions’ FGRD and crypto IPO allocations such as BitGo.
- Firstrade - Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
- Nexo - Nexo offers trading on an impressive suite of around 100 tokens, including Bitcoin. Digital assets can be bought, sold and swapped directly on the exchange or traded in over 500 pairs. Digital assets can also be used as collateral for fiat loans or used to generate passive income with the ‘smart staking’ tool.
- Pionex - Make spot, future and leveraged trades on over 120 cryptocurrencies via Pionex's proprietary platform with built-in trading bots and highly customizable automated trading options. Up to 50x leverage is available on selected crypto perpetuals.
- Kraken - Kraken is a specialized crypto exchange and supports more than 600 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| OKX | 1788 | ||||
| Moomoo | 506 | ||||
| Firstrade | 53 | ||||
| Nexo | - | 18700 | |||
| Pionex | 635 | ||||
| Kraken | 8775 |
OKX
"OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots."
OKX Quick Facts
| Coins | 1INCH, AAVE, ACA, ACE, ACH, ADA, AERGO, AEVO, AGLD, AIXBT, ALCX, ALGO, ALPHA, AMP, ANIME, APE, API3, APT, AR, ARB, ARG, ARKM, ARTY, ASTR, ATH, ATOM, AUCTION, AVAX, AXS, BABY, BABYDOGE, BADGER, BAL, BANANA, BAND, BAT, BCH, BERA, BICO, BIGTIME and many more |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | Variable |
| Crypto Lending | Yes |
| Crypto Staking | Yes |
| Platforms | AlgoTrader, Quantower |
| Minimum Deposit | 10 USDT |
| Regulator | FinCEN, VARA |
| Account Currencies | USD, EUR, GBP, INR, JPY, SGD, RUB, AED, SAR |
Pros
- X-Perps, added in 2026, provides opportunities on traditional financial assets, including US stocks and commodities
- In 2025, OKX secured a MiFID II license, enabling it to offer regulated derivatives products across Europe, providing peace of mind
- Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
Cons
- The firm offers limited regulatory oversight, though this is common among crypto exchanges
- The quality of customer support was inconsistent based on testing
- The broker's platform and features may be complex for novices
Moomoo
"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."
Moomoo Quick Facts
| Coins | BTC, ETH, SOL, XRP, DOGE, LTC, UNI, SHIB, AAVE, AVAX, BCH, BONK, ADA, DOT, LINK, COMP, OP, MATIC, ARB, CRV, WIF, ETC, PEPE, XLM, XTZ, TRUMP, HBAR, SUI, NEAR, RENDER, TIA, FET, ALGO, ATOM, SEI, FIL, INJ, LDO, GRT, ONDO and many more |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | 0.49% per spot Bitcoin trade (US), 0.3% to 0.39% (Singapore) |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Desktop Platform, Mobile App |
| Minimum Deposit | $0 |
| Regulator | SEC, FINRA, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC |
| Account Currencies | USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY |
Pros
- The Moomoo AI assistant, found in the desktop software and app, provides genuinely useful market insights to inform active traders
- The broker offers access to extended pre-market trading hours
- Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients
Cons
- There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
- Moomoo has faced multiple regulatory penalties in recent years, including fines and orders in 2026 that stopped it temporarily accepting some Japanese and Chinese clients
- The account range is narrow compared to other brokerages in its class with no managed portfolios or robo-advisor solutions
Firstrade
"Firstrade is perfect for beginners looking to trade US stocks with zero commissions. There is a wealth of free education plus premium-quality research, notably through its latest FirstradeGPT tool, plus trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."
Firstrade Quick Facts
| Coins | ALGO, AVAX, BAT, BTC, BCH, ADA, LINK, ATOM, CRO, CRV, MANA, DOGE, ETH, ETC, FTM, LTC, LRC, MATIC, REN, SHIB, SOL, XLM, SUSHI, GRT, UNI, YFI |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | Variable |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Firstrade Invest 3.0, TradingCentral |
| Minimum Deposit | $0 |
| Regulator | SEC, FINRA |
| Account Currencies | USD |
Pros
- Enhanced stock trading environment with overnight trading and fractional shares added
- Improved platform offering in 2025 with Firstrade Invest 3.0, sporting a cleaner interface and faster order entry for active traders across key areas like watchlists and options chains
- Excellent broker for budget-conscious traders with low OTC fees
Cons
- Firstrade focuses on stocks at the expense of forex, limiting diversification opportunities
- Customer support still needs work following testing, though 24/7 assistance has been introduced
- No demo/paper trading account at Firstrade, despite them available at over 90% of alternatives we've evaluated
Nexo
"Nexo gives crypto traders the capability to trade, invest, lend and borrow digital assets in one place, and it’s especially good for its credit functions that pay out very high yields to lenders. However, its fees are relatively high, although its loyalty program does reward active users with perks like discounted rates on loans."
Michael MacKenzie, Reviewer
Nexo Quick Facts
| Coins | BTC, ETH, NEXO, USDT, USDC, AXS, RUNE, MATIC, DOT, APE, AVAX, KSM, ATOM, FTM, NEAR, BNB, ADA, SOL, XRP, LTC, LINK, BCH, TRX, XLM, EOS, PAXG, UNI, DOGE, MANA, SAND, GALA, SUSHI, AAVE, CRV, MKR, 1INCH, DAI, USDP, TUSD |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | N/A |
| Crypto Lending | Yes |
| Crypto Staking | Yes |
| Platforms | Nexo Pro |
| Minimum Deposit | $10 |
| Regulator | SEC & CFTC (via Bakkt) |
| Account Currencies | USD, EUR, GBP |
Pros
- Traders can access perpetual futures to open long or short positions on crypto assets, increasing strategic opportunities
- Nexo Pro is a user-friendly proprietary platform that suits day trading strategies with great charting features
- Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
Cons
- High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods
- The range of tokens is extensive compared to most crypto brokers but still much smaller than similar crypto exchanges like Kraken
- Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro
Pionex
"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading."
Pionex Quick Facts
| Coins | BTC, LTC, ETH, BUSD, EOS, BTT, TRX, NFT, DOGE, XRP, HT, ALICE, FIL, DOT, JST, AXS, UNI, AAVE, WIN, SUN, CAKE, LINK, BAKE, BCH, ETC, SNX, TFUEL, ADA, PUNDIX, ICP, MDX, FLOW, DODO, MFT, BSV, MATIC, CSPR, SHIB, ATOM, SUSHI and many more |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | Market |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Own |
| Minimum Deposit | $0 |
| Regulator | NMLS, CBI, AMF |
Pros
- Powerful integrated AI chatbot 'PionexGPT' helps users programme trading bots on Pine script
- Low spot trading fees compared with other major exchanges at 0.05% maker and taker
- Expanded to support 280+ tokenized instruments, including U.S. stocks like AAPLX and TSLAX, traditional ETFs, and commodities like Gold with 24/7 trading and USDT settlement
Cons
- Weak regulatory oversight raises safety concerns
- Limited contact options
- Withdrawal fees and limits may apply
Kraken
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."
Kraken Quick Facts
| Coins | AAVE, ALGO, ANT, REP, REPV2, BAT, BAL, XBT, BCH, ADA, LINK, COMP, ATOM, CRV, DAI, DASH, MANA, XDG, EWT, EOS, ETH, ETC, FIL, FLOW, GNO, ICX, KAVA, KEEP, KSM, KNC, LSK, LTC, MLN, XMR, NANO, OCEAN, OMG, OXT, PAXG, DOT and many more |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | 0-0.26% average |
| Crypto Lending | No |
| Crypto Staking | Yes |
| Platforms | AlgoTrader, Quantower |
| Minimum Deposit | $10 |
| Regulator | FINTRAC, AUSTRAC, CySEC, CBI |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF |
Pros
- Kraken enables accredited US investors to lock their cash and stablecoins up for fixed periods from 3 to 18 months with competitive fixed APY of up to 7%
- 3D secure required
- Kraken, via Payward, secured VARA authorization in the UAE, so it can offer local clients Dirham funding and trading pair
Cons
- Insider data breach and extortion incident affecting customer data in April 2026
- Does not support many newer altcoins
- Slow verification process on Pro account
What Is Uniswap (UNI)?
Uniswap (UNI) is a top ten cryptocurrency with a market cap of nearly $20bn. It is an Ethereum blockchain token that powers the Uniswap Exchange, a decentralised liquidity provider (or a DEX as they are sometimes known). The Uniswap token is a governance token. This means it allows holders to vote on development work and decisions such as new fee structures.
Unlike cryptos such as Bitcoin and Dogecoin, Uniswap does not use an order book to match buyers and sellers or determine the token price. Instead, holders of Uniswap create market liquidity by adding their coins to a liquidity pool (LP).
Whenever liquidity is added, new liquidity tokens are minted that represent the value of the coin deposited. This allows Uniswap to be bought and sold by other traders while the owner holds onto the liquidity token. When any transaction occurs with the lent out Uniswap, the liquidity pool receives 0.3% of the transaction in return for lending their holdings. This is distributed proportionately among the pool. This is a form of decentralised finance (or DeFi), allowing users to create their own market liquidity rather than relying on banking institutions.
Uniswap liquidity providing is similar to staking and mining in that holders lend their coins to pools in exchange for interest. However, there are fundamental differences in the aim. Mining and staking aim to validate the network whereas liquidity pools replace the requirement for an order book.
History Of Uniswap
Uniswap was created in September 2020 to prevent exchange users from using rival DEXs such as SushiSwap. At its initial coin offering (ICO), Uniswap handed out 400 governance tokens to everyone who had ever used the platform. At the time, these tokens were worth around $1000, the current value is nearly $15,000. The price more than tripled in the first quarter of 2021, the height of the latest cryptocurrency bull run.
Uniswap’s founder, Hayden Adams started the company in 2018, having received the backing of various venture capital funds.
In April 2020, over $25m of cryptocurrency was stolen during a hack of the Uniswap exchange and Lendf.me (a DeFi lending platform). Uniswap was affected to a much lesser degree than Lendf.me, but the website was taken offline for a short time while developers fixed the vulnerability. In general, Uniswap is safe from hackers because of its decentralized nature. While centralized exchanges such as Coinbase look after the crypto-wallet on behalf of owners, Uniswap operates on a system of self-custody, meaning individuals hold their own crypto. This makes it much harder to hack on any large scale.
The 2020 Uniswap white paper set out the intentions for the Uniswap version 2 (v2) core contracts, in particular, the development of a hardened price oracle, flash swaps and the introduction of a protocol fee. In 2021, the version 3 (v3) whitepaper was released, introducing concentrated liquidity and multiple fee tiers allowing LPs to be compensated appropriately for risk.
Uniswap Trading Chart
Why Trade Uniswap?
There are many reasons why Uniswap is a good buy. Ultimately, investors should consider whether they believe the technology that underpins Uniswap will be the future.
- A good deal for liquidity providers – Uniswap is based on the emerging concept of DeFi (decentralized finance). This concept aims to revolutionize the finance industry, taking the power of credit from institutional banks and putting it into the hands of anyone with capital. By contributing to a liquidity pool, UNI holders lend their share to others and receive interest in return. This is likely to be a better return on investment than banks are offering.
- DEX growth – In March 2021, the daily trading volume of Uniswap reached $7 billion, having increased 450% in 24 hours. This was partly due to a brand new ERC-20 coin called Delta, which aims to reduce volatility issues in options trading. To buy Delta you have to use Uniswap, and so the DEX saw a huge jump in trading volume. Growth in the exchange means that the price of UNI is likely to hold its value, or rise.
- Future coin distribution – When UNI was created in 2020, users of the DEX received free UNI tokens in what is known as an airdrop. An airdrop is when crypto coins are distributed for free as a way of gaining attention for the token. Since this initial distribution, users have been speculating on when the next airdrop will be. Holders of UNI or ETH on the exchange could profit hugely. However, no further airdrops have been confirmed yet.
Risks Of Trading Uniswap
Investors should be aware that there are risks involved with trading on this relatively new asset.
- Extremely high gas fees – Uniswap’s liquidity pool system means that gas fees increase as Ethereum usage rises. Gas fees are paid by users to compensate for the energy usage required to complete a transaction on the Ether network. Currently, investors are finding that the price of gas fees, which can reach into the hundreds of dollars, are just too high. If this continues, it will impact the long term viability of the DeFi system Uniswap is built on, and therefore the value of the token itself.
- Risky tokens on the DEX – Anyone can create an ERC20 cryptocurrency on the Uniswap exchange and therefore new token listings, such as Hoge, Unistake and Ecomi, are added regularly. But, it’s vital that investors research an upcoming token thoroughly before investing. There has been news of fake versions of existing tokens popping up on Uniswap. Plus there’s no guarantee that a cryptocurrency will increase in value. If trust in the system fails, this could have an impact on the value of UNI.
- Uncertainty of price predictions – The Uniswap token saw growth of over 250% in the first quarter of 2021, causing optimism within the UNI community. Some coin commentators forecast that $100 is achievable by 2025. But investors should be cautious. Past performance is not an indication of future gain and there is no guarantee of ROI. Any price prediction should be fully researched and the risks taken into account.
Uniswap Trading Strategies
Arbitrage
Arbitrage is one of the best strategies to use with Uniswap because it utilises the automated market maker (AMM) system that bases coin prices on demand and supply within the pool. AMM means that there is often a difference in a coin price on Uniswap vs other centralized exchanges, such as Coinbase. Arbitrage involves taking advantage of this price discrepancy. For example, if Kraken is offering Bitcoin at $50,000 and Coinbase at $50,500, you can buy BTC on Kraken and sell on Coinbase, pocketing the difference. Arbitrage is a vital part of the AMM system on Uniswap, as traders will continue to buy until the price is in line with the market.
How To Start Trading Uniswap
Uniswap is available to trade with a number of brokers, including Coinbase. You can also swap tokens for UNI directly on the Uniswap exchange. To do this, you’ll firstly need to sign up to an ERC-20 compatible wallet service, such as WalletConnect, MetaMask or Portis and make sure you load it with ETH. Then, create a Uniswap account and login. Since Uniswap is decentralised, there are no KYC (know your customer) identity checks.
Login to your wallet and allow it to connect to Uniswap.5. You’ll then be able to swap ‘from’ one token ‘to’ another. Uniswap will provide you with a non-negotiable quote. Confirm the transaction and wait for it to be added to the blockchain. You can track its progress using Etherscan. The Uniswap exchange app is also available on mobile on both iPhone and Android.
If you’ve been waiting for confirmation of the transaction for a while, you might need to adjust your allowed slippage in the settings to account for the fee taken in the swap. Alternatively, you may not have enough gas for the fee. Top up your wallet with Ether and try again. If your transaction keeps failing or something else is not working, help and support for your query is available through the Uniswap community on Reddit, Discord and Twitter. Users can also keep up-to-date with announcements via the Uniswap blog.
Final Word On Uniswap
Uniswap is one of the biggest cryptocurrencies by market cap and has seen a huge jump in value since its creation. As a governance token for the Uniswap exchange, its price is determined by the success of the DEX technology it is built on. Investors should consider whether they believe in the concept of decentralised finance before investing. However, all indications so far suggest that rerouting power from institutional banks into the hands of the people could be the future of finance.
FAQ
What Is Uniswap (UNI)?
Uniswap (UNI) is an ERC-20 token that powers the Uniswap exchange. It is a governance token, which allows holders to vote on major decisions regarding the future of the exchange.
How Do I Use Uniswap (UNI) To Vote?
To vote on Uniswap exchange governance, visit the ‘Vote’ page of the Uniswap website. Here you’ll see a list of proposals that you can vote on. Create an account on gov.uniswap.org to participate in discussions and debates around the votes. Any holder can cast a vote, but you’ll need a minimum of 1% supply to submit a proposal.
How Do I Buy Uniswap?
Uniswap is available to purchase from some of the largest cryptocurrency exchanges, including Gemini. However, it can also be obtained on the Uniswap exchange by loading your ERC-20 compatible wallet with ETH and then swapping to UNI.
Can I Make Money From Uniswap?
Yes, Uniswap is a decentralised exchange that does not use an order book to determine the price of assets. Instead, it uses liquidity pools. Users that add their assets to a liquidity pool can earn a transaction fee for lending their liquidity to the market. As long as the value of the crypto increases, this will translate into real-world earnings. However, users should understand the risks involved as impermanent loss can occur.
Is Uniswap A Popular Cryptocurrency?
Uniswap is a top ten cryptocurrency by market cap, with a current valuation of nearly $20 billion. As a result, it’s a hugely popular option in the crypto space.