Uniswap exchange usage tutorial

Uniswap is a decentralized cryptocurrency exchange that uses smart contracts for trading. Trading guidelines include: Connect to wallet Find trading pairs Set trade amount Set slippage tolerance Approval trade execution Trading trading fees are 0.3%, allocated to liquidity providers. Safety tips include: using a trusted wallet, double-checking transactions, and setting a reasonable tolerance for slippage.

Uniswap Exchange User Guide

What is Uniswap?

Uniswap is a decentralized cryptocurrency exchange that uses smart contracts to conduct transactions on the Ethereum blockchain. It allows users to trade directly with each other without the need for intermediaries.

Uniswap Trading Guide

1. Connect Wallet

First, you need to connect a compatible cryptocurrency wallet to Uniswap, such as MetaMask or Coinbase Wallet.

2. Find Trading Pairs

Next, search for the cryptocurrency pair you want to trade in the search bar. For example, if you want to exchange ETH for DAI, enter "ETH/DAI".

3. Set transaction amount

Enter the amount of cryptocurrency you want to trade. You can choose to sell the entire balance or enter a specific amount.

4. Set slippage tolerance

Slippage refers to the difference between the actual price and the price you set when the transaction is executed. You should set a slippage tolerance to prevent large price movements.

5. Approve Transactions

Before trading, you need to approve Uniswap to withdraw cryptocurrencies from your wallet. Click the "Approve" button and confirm the transaction.

6. Execute the transaction

Once the transaction is approved, click the "Transaction" button and pay the transaction fee. Once the transaction is completed, the cryptocurrencies will be exchanged to your wallet.

Fees

Uniswap charges a 0.3% trading fee. This fee is allocated to liquidity providers who provide liquidity to the exchange.

Safety Tips

• Only use wallets you trust.
• Check the trading pair and amount carefully before trading.
• Set a reasonable slippage tolerance.
• After the transaction is completed, verify that you received the cryptocurrency in your wallet.

Uniswap (UNI) Current Market

As of 17:00 on July 22, 2024, the price of Uniswap (UNI) is $7.98. The trading volume in the last 24 hours was $146180153.50.

Latest Changes

The price of UNI increased by 0.30635308% in the last 24 hours. This growth can be attributed to the market’s continued interest in the DeFi space and expectations of the upcoming upgrade to Uniswap v3.

Future trend analysis

Analysts expect UNI to continue to rise in the future. The strong momentum in the DeFi space and the potential benefits of Uniswap’s v3 upgrade could be the catalyst that drives its price higher.

Investment Advice

For investors who want to invest in UNI, the key is to do your own research and invest carefully based on your own risk tolerance and financial goals.

Short-term trend forecast

In the short term, UNI is expected to fluctuate in the price range of $8 to $9, and may continue to rise in the short term.

Key Indicators

• Current price: $7.98
• Price change in the past 24 hours: +0.30635308%
• Trading volume in 24 hours: $146180153.50
• Circulation volume: 600034294.71 UNI
• Circulation market value: 4788431758.80 US dollars

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