Invest In Uniswap UK – How To Invest In Uniswap (UNI) For Beginners
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Uniswap has emerged as one of the leading protocols in the decentralized finance (DeFi) space. In a year since its launch on the Ethereum blockchain, the native digital token of this network, UNI, has positioned itself as a top 15 cryptocurrency by market cap.
Are you wondering how to invest in Uniswap in the UK from the comfort of your home? If so, this guide will walk you through the most critical aspects of the process, including which Uniswap brokers you might want to consider when buying this popular cryptocurrency.
Table of Contents
#1 Broker to Invest in Uniswap UK – eToro
How To Invest in Uniswap UK – Choose a Broker
Perhaps, the most crucial decision when thinking of how to invest in Uniswap in the UK is finding the right crypto provider. Below, you will find a list of the best brokers that will allow you to buy this digital asset safely and conveniently:
- eToro – Overall Best Broker to Invest in Uniswap
- Coinbase – Great Way to Invest in Uniswap for Beginners
- Binance – Best Broker to Invest in Uniswap for Diversification
- OKEx – Invest in Uniswap With Low Commissions
- Coinmama – User-Friendly Broker to Invest in Uniswap
We provide a comprehensive overview, along with the pros and cons of each of these Uniswap brokers further down in this guide.
How to Invest in Uniswap UK – A Quick Guide For 2021
Before we get into the details of how to invest in Uniswap in the UK, here is a sneak peek of the steps that you need to follow. To provide you with a clearer picture, we will be using eToro as a reference platform – as this regulated broker allows you to buy UNI coins within five minutes, and by making a minimum investment of just $25.
- Step 1: Open an Account with eToro – You can set up your investment account on eToro by signing up with your email address and by filling in your personal information.
- Step 2: Upload Your ID – You will also need to complete a KYC process by submitting a copy of your photo ID, and a proof of address.
- Step 3: Deposit Funds – Next, you can add funds via one of the accepted payment methods. This includes debit/credit cards, e-wallets, and a bank transfer.
- Step 4: Invest in Uniswap – Search for ‘Uniswap’ on eToro, and enter how the amount you want to invest before clicking on the ‘Open Trade’ button. The broker will then complete your purchase and add the digital coins to your portfolio.
When using eToro, you will also have the advantage of being able to store your Uniswap tokens within the platform itself. This way, you will be able to manage your portfolio and sell your UNI tokens with ease – when the time for this eventually comes.
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
Where to Buy Uniswap in the UK – Full Broker Reviews
While there is a certain advantage to having numerous Uniswap brokers to pick from, it can be time-consuming to find the right one that can address your needs. This can be particularly challenging for beginners that are not exactly sure what to look for in a crypto provider.
So, let us take a deeper look at each of the Uniswap brokers we listed above – by taking into account the unique features they offer, the fees associated with cryptocurrency investments, and most importantly, the safety of the platform.
1. eToro – Overall Best Broker to Invest in Uniswap UK
There are several reasons why we found eToro to be the best broker to facilitate your Uniswap investments. To begin with, this trading site is licensed in the UK, Europe, Australia, and the US. This means that you can confidently invest in Uniswap, knowing that you are dealing with a heavily regulated platform that acts in your best interest.
Another notable feature of eToro is that it makes the Uniswap investment process an easy ride – even for a complete beginner. The platform has a number of features that are designed with newbies in mind, such as the CopyPortfolio. This is where you can have an expert team manage your digital asset portfolio. You will also have access to tons of educational resources, including regular market updates, price analysis, webinars, and more.
You can get started on eToro by creating your account and completing the KYC process. In fact, you will be able to deposit funds and start making Uniswap investments within five minutes. The platform will also give you access to a few different payment methods, such as a debit/credit card, bank transfers, and e-wallets. This will allow you to choose an option that is the most convenient for you. However, note that while wire transfers are commonly used – this will mean that you have to wait for a couple of days to complete the transaction.
On the other hand, there are no additional fees to make deposits on eToro, except a standard exchange charge of 0.5% – which is to convert GBP to USD. That said, you will need to meet the minimum deposit requirement of $200 (about £145). However, you will be able to start investing in Uniswap with just $25 (about £18). In other words, you will be able to create a diversified crypto portfolio easily, even if you are limited by a small budget.
Apart from cryptocurrencies like Uniswap, eToro also supports a wide selection of assets – such as stocks, indices, commodities, and forex. Moreover, we also like the fact that eToro comes with a custodial wallet for your digital tokens. Meaning, once you buy UNI tokens, you can leave them on the trading platform for secure storage. Additionally, this also lets you exit your investment directly from your brokerage account.
Overall, eToro ticks all the right boxes when it comes to the safety, convenience, and user-friendliness of its trading platform. Moreover, you will also have access to a demo account – which will allow you to get familiar with the interface and learn your way around the site before you start investing in Uniswap with real money.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Registered with FINRA/SEC and regulated by the FCA, CySEC, and ASIC
- Minimum deposit of $50 and no transaction fees for US citizens
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Way to Invest in Uniswap UK for Beginners
Among the cryptocurrency exchanges of today, Coinbase is a platform that caters well to the needs of first-time investors. The site allows you to buy and sell Uniswap with utmost ease, even for those with virtually no knowledge of digital assets. In a short time since its launch, Coinbase has built a solid reputation among its 68 million users and has been successful enough to list its parent company on the NASDAQ.
The platform is licensed in the US and comes integrated with high-security features. As an investor, you will need to complete your identity verification in order to get started. In addition, Coinbase has also made it necessary for all registered users to adopt device whitelisting, along with two-factor authentication. To add another layer of safety, the site also keeps 98% of client funds in secure cold storage. When investing in Uniswap via Coinbase, the main drawback we come across was the hefty commission – which is set at 1.49%.
This is unquestionably one of the highest in the market, given that you have to pay this fee twice, once when you make the purchase and again when you cash out. Additionally, you will have to cover a transaction charge of 3.99% if you pay for your UNI tokens using your debit or credit card. Nevertheless, the cryptocurrency exchange makes up for this by offering a beginner-friendly platform, allowing you to make investments easily from the comfort of your home.
Pros
- One of the most popular cryptocurrency exchanges
- More than 68 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
3. Binance – Best Platform to Invest in Uniswap UK for Diversification
Binance is another cryptocurrency exchange that gives you access to Uniswap, among heaps of other digital assets. The platform is easy to use, and you will be able to fund your UNI investments directly using fiat currencies such as US dollars. For those based in the US, buying this digital token using a debit/credit card will cost only 0.5% in fees. However, if you are located elsewhere, the same transaction can come with a whopping charge of up to 4% – so be sure to check this.
That being said, Binance also gives multiple options for investors to store their Uniswap coins. For instance, you have the option to leave your UNI tokens on the Binance platform, which eliminates the need for you to keep your private keys safe. As the exchange enforces two-factor authentication and device whitelisting, you can rest assured about the security of your digital assets. Moreover, you will also have access to the Trust Wallet app, which is backed by Binance.
Binance also offers you an alternative option to create a savings account for Uniswap, which will get you an APY of 0.67%. However, you will find that other digital assets will get you better returns. If you are looking to benefit from this particular feature of the exchange, you can choose to diversify your UNI investment. Depending on your location, you can also access crypto derivatives such as options and futures through this platform. Aside from these aspects, Binance also comes with an additional advantage of lower commission rates – at only 0.10% per slide.
Pros
- Facilitates billions of dollars in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit card
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
4. OKEx – Invest in Uniswap UK via a Crypto Deposit
If you already own another cryptocurrency, it is not necessary that you should invest in Uniswap by making a cash deposit. Instead, platforms like OKEx allow you to exchange the digital tokens you hold for UNI. This way, you will be able to complete your investment at a lower fee which is on par with that of Binance – at only 0.10%. Additionally, you can also skip the KYC process – which might be a preferable alternative for many investors.
OKEx offers three markets for Uniswap at the moment – which includes BTC/UNI, ETH/UNI, and USDT/UNI. In other words, you can exchange any of these digital assets to buy Uniswap. Alternatively, you can also swap any other crypto tokens you own for one of the three, and then purchase UNI with those coins. For instance, let’s say you have Litecoin. You can first trade it for Bitcoin, and then use BTC to get your hands on Uniswap. If you would prefer short-trading to long-term investments, OKEx also supports crypto futures and leveraged products.
Looking into the safety of OKEx, this platform allows you to store your UNI coins in its in-house custodial wallet. Or, you might want to use the OKEx mobile app specifically for this, which will let you have total control of private keys. Similar to Binance, OKEx also gives you the option to move your digital assets to a savings account, or obtain a loan by using the tokens as collateral.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products are too complex for beginners
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
5. Coinmama – User-Friendly Broker to Invest in Uniswap UK
Another exchange that you might want to consider for investing in Uniswap is Coinmama. This platform was launched in 2013 and presents you with an effortless way of purchasing cryptocurrencies. The interface is clean and easy to navigate – which makes this trading site particularly suitable for novice investors.
As with many other crypto providers, Coinmama also allows you to invest in Uniswap via a debit/credit card. This will, however, require you to go through a KYC process – which entails verification of your identity. You can complete this procedure by uploading a photo of your national ID card. Upon completing this step, you can get started with your Uniswap investment.
One notable disadvantage of using Coinmama is that you will not be able to store your Uniswap on the platform. Instead, the exchange requires you to enter the details of your private wallet at the time of purchasing your UNI coins. Once the transaction is complete, the tokens will automatically be transferred to your stated address. As you can imagine, this might be challenging for the beginners among you.
In addition, buying Uniswap on Coinmama also comes with a high commission of 5%. This might be reduced depending on the amount you are investing in UNI coins. However, if you are trying to limit your exposure to this digital token to a small amount, then you might need to evaluate the aspect of fees.
On top of this commission, you can also expect to be charged a fee of 5% for debit/credit card payments. Then, if you choose to cash out your Uniswap investment via this platform, this will incur an additional 3.90%. Given these factors, Coinmama is one of the most expensive cryptocurrency exchanges in the market. In spite of this, Coinmama continues to attract more investors and keeps on adding additional digital assets to its list of supported coins.
Pros
- Easy to use platform
- Buy crypto directly with a debit or credit card
- KYC process is fairly simple
- Plenty of supported digital tokens
- Good reputation
Cons
- Very high fees
- Forced to withdraw crypto to a private wallet
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
How to Invest in Uniswap UK – Detailed & Explained in Full
At the beginning of this guide, we gave you a quick walkthrough of how to invest in Uniswap in the UK in four simple steps. As easy as it is to make your UNI investment using eToro, some of you might also benefit from a more thorough explanation of the process.
Step 1: Open a Uniswap Investment Account
Although the potential returns from your Uniswap investment will be predominantly determined by the market, choosing the right online broker can make a positive impact on the investing experience. The influence of having educational resources at your disposal, support for your preferred payment methods, and the user experience can all contribute to this.
From our expansive research of the crypto brokerage industry, we found that eToro is among the best platforms that can cater to a wide range of investors’ needs, no matter your experience. The trading site is regulated by the FCA, SEC, ASIC, and CySEC. Moreover, you will have access to a few different deposit types to make your Uniswap investment. But first, you will need to create your account on eToro.
On the eToro website, you can click on the ‘Join Now’ button to start with the registration process. You can provide your email address and other contact details along with some personal information as prompted.
This will include:
- Your first and last name
- Home address
- Mobile number
- Date of birth
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Upload ID
Once you have confirmed your email address, eToro will also need you to complete the identity verification process. Although it might sound intimidating, this only means that you will have to provide a couple of personal documents.
This will include:
- Proof of identity – such as a passport, driver’s license, or any other accepted government-issued ID.
- Proof of address such as a utility bill or tax letter.
Since eToro has this entire process automated, you will become verified in a couple of minutes. That is, of course, on the proviso that the documents you submitted are sufficient.
Step 3: Deposit Funds
In order to execute your Uniswap investment on eToro, you will first have to make a deposit into your account. This can be done instantly by choosing a payment method such as a debit/credit card or an e-wallet like PayPal or Neteller.
eToro also supports other payment options such as bank wire transfers. However, this means that you will have to wait a few days until the money appears in your account.
Step 4: Search for Uniswap
Now, you will need to find Uniswap on eToro. This can be done by merely searching for the coin on the website.
As you can see from the image above, eToro will instantly show you UNI from the drop-down list, and you can click on the respective search result to get started with your investment.
Step 5: Make Your Uniswap Investment
Once you are on the UNI trading page, you will notice that eToro provides you a variety of data regarding this digital asset. You will be able to see its pricing chart, an overview of the market, and even some technical analysis. The broker also features a news feed from other UNI investors.
To make your UNI investment, click on the ‘Trade’ button.
On the next page, you can enter the amount you want to invest into UNI ($25 minimum), and click on the ‘Open Trade’ button to confirm your position. eToro will then process your investment and the UNI tokens will instantly be added to your portfolio.
That’s it. As you can see, the entire process of investing in Uniswap on eToro will not take you more than five minutes from start to finish!
How to Sell Uniswap
When you have purchased UNI coins and stored them securely, your next concern should be how to make a profit from your investment. Ideally, the value of Uniswap will increase over time, and when you are happy with your returns, you will sell your digital tokens in exchange for fiat money.
However, you should always bear in mind that the value of your investment can also depreciate, and you might end up taking a loss. Once again, this is why you will want to carefully analyze the risk involved before investing in Uniswap.
On eToro, selling your Uniswap coins is as easy as buying them. In fact, you will be able to cash out your investment through your account 24/7 using the following steps:
- You can log in to your eToro account, and locate Uniswap in your portfolio.
- Click the ‘Sell’ button and opt for a ‘Market Order’.
- This will indicate to eToro that you want to sell your UNI coins right away, at the next best rate.
- In a couple of seconds, the broker will sell your Uniswap investment, and the cash proceeds will be added to your account balance.
You will then be able to withdraw the cash to your original payment method – be it a debit/credit card, bank account, or e-wallet.
Ways to Invest in Uniswap in the UK
Earlier in this guide, we discussed the best crypto platforms that give you access to Uniswap. Some of you might have noticed that not all of these providers are similar. On the contrary, your options vary between brokers and exchanges.
Below, we will point out some of the differences between these two options so that you can decide which might be better suited for your Uniswap investment needs.
Uniswap Broker
The main advantage of using crypto brokers is that the best platforms in the market are regulated. This means that there will be a financial authority governing the site, providing more protection to your Uniswap investments.
For example:
- eToro is regulated in multiple jurisdictions, including the US, Australia, Cyprus, and the UK.
- Platforms like Coinbase and Binance also follow regulatory compliance in the US.
Apart from the added security that this brings, regulated Uniswap brokers will also allow you to buy this digital asset directly in exchange for fiat money. As we have already discussed, platforms like eToro support a variety of payment methods. Moreover, this site will also store your UNI coins on your behalf. This means that you can buy UNI tokens without being concerned about the safety of your investment.
Uniswap Exchange
Cryptocurrency exchanges also present you with an easy way to invest in Uniswap. On the one hand, a few exchanges facilitate UNI token purchases with a debit/credit card or bank transfer. However, the lion’s share of these exchanges still lacks regulation.
The platform OKEx that we listed above is one such example. Although this exchange is popular and has over 20 million users, it still has the disadvantage of being unregulated. As such, traders who prioritize the safety of their funds should opt for a fully licensed broker such as eToro.
Should I Invest in Uniswap?
Perhaps you are thinking about how to invest in Uniswap in the UK because of the token’s performance so far. This cryptocurrency has emerged as one of the most popular DeFi tokens in the market. That being said, you might want to know more about the UNI coin before you choose to make an investment.
Let us take a look at what you should know about the Uniswap project and its potential future.
Decentralized Market is Growing
The DeFi sector has exploded over the past year, and Uniswap is at the forefront of this.
- The network integrates an automated liquidity protocol that allows users to exchange their tokens and earn rewards in return.
- Uniswap has seen tremendous growth in terms of market cap and Total Value Staked.
- With the launch of Ethereum 2.0, the platform is expected to make way for faster and cheaper transactions.
The growth of the DeFi sector will ultimately bode well for Uniswap and its investors.
Price Action
Uniswap has enjoyed a successful 2021 to date – where the value of its token has since seen an increase of over 200%. By April of this year, this digital token also hit its all-time high price of $43.16.
This price action is a strong indicator that works in favor of Uniswap. However, you should also bear in mind that the value of the UNI coin can drop if the market takes a downturn.
Uniswap has an Impressive Roadmap
Another factor that works in favor of Uniswap is the robust technology behind it. The Uniswap ecosystem has removed the conventional order book and replaced it with automated makers.
- This gives users direct access to the market.
- Additionally, this protocol has also implemented several advanced security features to protect the funds and identities of its clients.
- Uniswap also has exciting plans to put this technology to work in the future.
- This includes voting on governance, and forward-thinking in terms of its growth.
- Earlier in 2021, the protocol introduced V3, its most powerful version yet. The project is also looking to make the platform more efficient, flexible and, scalable.
If these plans stay on course, Uniswap will expand further – which can make it a potentially promising investment in the DeFi sector.
Risks of Investing in Uniswap?
Any investment that you make comes with potential risks and rewards. While you might be focusing purely on what gains you can make from Uniswap, you should also be aware of the factors that could lead to a loss.
Below we discuss some of the risk factors that you will want to examine before investing in Uniswap.
Uniswap is Decentralized
Being a decentralized platform is one of the key advantages of Uniswap. However, it can also add more risk to this investment. For instance, since DeFi networks are largely unregulated, there is always the chance that governments might decide to crack down on this space. If that happens, it can have a negative impact on Uniswap, and consequently, on the value of its UNI coins.
Not Entirely Unique
Uniswap might appear to be an interesting network in the DeFi space. However, it is imperative to understand that there are other decentralized exchanges that offer similar functionalities. Competitors such as PancakeSwap supports over 1,650 cryptocurrencies and users can earn rewards for advertising or launching their tokens on the platform.
In addition, an increasing number of new platforms are being launched in the market. DeFi networks such as SushiSwap, BurgerSwap, Curve, and DODO are all influenced by Uniswap and have followed its lead.
Given these aspects, the chances are that this decentralized site will face fierce competition moving ahead, which can take a toll on the performance of UNI tokens.
Inherent Volatility
The risk factor of volatility is something that is associated with cryptocurrencies as an asset class.
- The value of digital tokens like Uniswap fluctuates throughout the day.
- In fact, the price of UNI often changes multiple times within a minute.
- As such, the value of your investment can increase or decrease parabolically.
- You need to be patient and look past the short-term volatility of this coin and instead focus on the bigger picture when making your UNI investment.
Above all, you should also be prepared to take into account this inherent risk that comes with cryptocurrencies like Uniswap.
How Much Does it Cost to Invest in Uniswap?
it goes without saying that crypto brokers are businesses operating for a profit. No matter which platform you choose, you will have to pay certain fees and charges in order to invest in Uniswap safely.
For instance:
- On some brokerage platforms, making a deposit via a wire transfer will cost you next to nothing or might even be completely free.
- However, this method can turn out to be lengthy and cumbersome, especially if you are looking to make an investment right away.
- Alternatively, debit and credit card payments are faster, but they are likely to cost you a much higher fee.
To give you an example, popular cryptocurrency exchange Coinbase typically charges 3.99% for every debit/credit card transaction. That being said, it is indeed possible for you to find platforms that do not attract such high fees. If you take the case of eToro, this broker will charge you just 0.5% on card payments, only if you are depositing in a currency other than USD.
In other words, if you are based in the US, you will be able to make deposits into your eToro account for free. To sum up, regardless of which crypto platform you choose, you should make it a point to check the fee structure to be aware of the fees involved when investing in Uniswap.
How to Invest in Uniswap UK – Conclusion
Uniswap is one of the most discussed cryptocurrencies of 2021. The value of this digital token has increased extremely quickly and now sits just outside the top 10 cryptocurrencies in terms of market capitalization.
By now, you know that investing in Uniswap can be easy and uncomplicated with the right broker. On regulated platforms like eToro, you will be able to complete your investment in a matter of minutes. Moreover, you will be able to buy UNI coins with an instant payment method – such as a debit/credit card or PayPal. Above all, you can gain access to this digital asset with a minimum amount of just $25.
FAQs
How to invest in Uniswap UK?
Where to invest in Uniswap?
Should I buy Uniswap?
How can I safely invest in Uniswap?
How can I cash out my Uniswap investment?
