Key Takeaways
- Uniswap is a successful decentralized finance application on Ethereum, with over $10 billion in weekly trading volume.
- Uniswap introduced the UNI token through an airdrop to Ethereum addresses, rewarding long-time users.
- Uniswap allows free token listings and provides censorship resistance, making it a global decentralized market.
- To buy UNI in Australia, choose a secure and trusted crypto exchange like CoinSpot, sign up, verify your account, deposit funds, go to the buy section, select the amount of UNI to buy, confirm the purchase, and store your UNI securely.
Uniswap is one of the first decentralised finance applications to get significant success on Ethereum, compared to other applications such as Curve and SushiSwap. In April 2021, Uniswap had processed over $10 billion in weekly trading volume.
After years of successful operation, Uniswap finally introduced the UNI token in September 2020. When the token was released, Uniswap used a unique way to “airdrop” 400 UNI tokens to every single Ethereum address. Around 250,000 addresses received the airdrop, and the airdrop was worth almost $1500. Ever since, airdrops have been a popular way to reward long-time users.
Uniswap allows anyone to list their new tokens for free, whereas traditional exchanges are driven by profit, and require high fees to generate new coins. One of the benefits that Uniswap provides is censorship resistance. It has no central authority that can block users and take their funds. Basically, Uniswap is a truly global decentralised market that provides equality to everybody.
The platform is secure and non-custodial, which means that hackers get no profits from hacking it. You should, however, be aware of scammers because there is no quality control measure for new projects.
If you believe in the future of Uniswap and want to invest in some UNI now, we will show you how in this easy step-by-step guide.
Where to buy UNI (Uniswap)?
UNI is a very popular coin, and a large cryptocurrency by market capitalisation, so you will be able to find it at many crypto exchanges in Australia. The biggest factor is that you choose an exchange that is safe and legit, so you don't get scammed. We recommend you choose an exchange from our list of the best crypto exchanges for Aussies, as they are all tested by us, and we can confirm they are secure and trusted.
In this guide of how to buy UNI (Uniswap), I will include screenshots from my personal CoinSpot account, so you can also open an account with CoinSpot if you want to easily follow along. The reason I choose CoinSpot as my cryptocurrency exchange is for the following reasons:
- Over 410+ different cryptocurrencies supported, including UNI
- Most secure and trusted crypto exchange in Australia
- Largest Australian exchange with more than 2.5 million users
- Staking on 21 coins
- Live Chat support
- NFT marketplace where you can buy NFTs using any cryptocurrency you like
Exchanges where you can buy UNI
How to buy UNI (Uniswap)?
7 easy steps
Buying UNI (Uniswap) in Australia is really easy, all you have to do is follow along with these simple steps, and you will have your own UNI in no time.
1. Sign up with a crypto exchange
The first step is to open an account with your crypto exchange of choice. If you haven't decided, have a look at this guide on the top crypto exchanges in Australia (click here). Or if you want to use my recommended exchange, which I will use for my screenshots, open an account with CoinSpot. You can also read my CoinSpot review first before you decide.
To sign up with CoinSpot, click this link and you will be taken to a page like the screenshot below. Click Register in the top right corner, then fill out your email, create a password, click to prove you’re not a robot, then click Create Account.
2. Verify your account
After creating the account, you need to verify your account. Click on the "Complete Verification" button and continue with any steps that show up. You need to verify your email, and then then enter your identification details and finally upload a copy of your driver license. It can take a while for your verification to be finalised, so you can have a look around your CoinSpot account and get comfortable with the interface.
3. Deposit money into your account
Once your account is verified, it's time to deposit AUD into CoinSpot. In the top left of the account, you will see the "Deposit Funds" button. Click on that, and you should see the deposit page (see screenshot below). You can use whichever method you like from that list, but my recommendation is POLi. Funds are deposited instantly and there is no charge incurred. Type in the amount you want to deposit, select your bank, and then click the "Continue to POLi" button to finalise your deposit.
4. Go to the Buy section in your account
Once your money is in your CoinSpot account, you are ready to buy some UNI (Uniswap). Click on Buy/Sell in the menu along the top, then search UNI. Click on Buy UNI and you will see the purchase screen, like the screenshot below. The price of UNI is shown clearly in the middle of the screen.
5. Select how much UNI you want to buy
Select how much AUD you want to spend on UNI, then click the Buy button. You will see a pop-up which confirms how much you are spending, the fee, and how many coins you will receive.
6. Buy UNI (Uniswap)
When you have checked that all the information is correct, you can click Confirm Buy to finalise your transaction. Congratulations, you are now the proud owner of some UNI!
7. Store your UNI safely
Now that you have made your purchase of UNI (Uniswap) you can find it in your CoinSpot wallet by clicking on Wallets at the top of the screen. You can see how much UNI you own, and the value in AUD. You can leave your UNI in CoinSpot, which is the most secure crypto exchange in Australia. If you prefer to be even safer, you can send your UNI to a personal wallet. You can click here to read about the best crypto wallets for Australians.
Frequently Asked Questions
Yes, it is perfectly legal to buy, sell and own UNI (Uniswap) in Australia.
Not many Australian crypto exchanges support debit and credit cards, but Swyftx does. You can click here to open an account with Swyftx, or read our full review here first.
If you choose a trustworthy and secure cryptocurrency exchange, it is safe to buy UNI in Australia. CoinSpot is the #1 top crypto exchange in Australia, and you can be assured that it is safe to buy UNI (Uniswap) using their platform.
If you want to buy other cryptocurrency such as Bitcoin, Dogecoin or Ethereum, you can follow the same steps above, but in Step 4, type in the coin you want to buy instead of UNI.