In the last year, you might have heard a lot about Uniswap. The crypto world has been abuzz with the exciting developments with Uniswap, and many have gotten on board. But what is it exactly, how does it work and how do you buy Uniswap?
Uniswap is basically a decentralized exchange. It is built on top of the Ethereum blockchain and allows for decentralized token swaps. Up until now, centralized exchanges (that are run by different companies), have been at the forefront. They quickly allow users to sign up, deposit, and store their crypto, and exchange them for any other crypto they want.
However, centralized exchanges come with their own risks. First of all, you need to trust a central entity. This goes against the ethos of cryptos. Second, you might be tempted to store your crypto on the exchange that might expose them to risks. Third, a centralized exchange could potentially disallow you to withdraw your crypto citing any reason.
Decrentralized exchange likes UniSwap
This is where decentralized exchanges like Uniswap come in. There are no user accounts, and people can exchange one token for another without needing to trust anyone. Also, transactions can be conducted from your software or hardware wallet, keeping your crypto safe at all times.
There are a few downsides though. For one, you can only exchange one Ethereum token for another. So, if you want to exchange, say, Chainlink to Bitcoin, that is not possible. Second, the liquidity is not as great as that in centralized exchanges. So, conducting large transactions might be a little hectic. Third, since Uniswap is built on top of the Ethereum blockchain, things can get quite congested as Ethereum has historically been difficult to scale.
How to buy UniSwap Locally?
Sometimes it can get very confusing trying to buy uniswap online from exchanges. However, BaapATM has made it very easy, where you can purchase it instantly in person!
Step 1: Find The Nearest BaapATM To You to Buy Uniswap In Canada
This is a straightforward process. All you need to do is visit our website and click on Locations. Then, simply type in your address, and the map will show the nearest BaapATMs to you. This works from any location.
Step 2: Request Amount
When you are at the location, you will find a BaapATM agent. He or she is there for the sole purpose of assisting you to buy your cryptocurrency. So, you just have to request an amount of Uniswap you want to buy.
Step 3: Pay Agent
The next step is to pay the corresponding amount of fiat to the agent. The whole thing feels just like buying any other product at a convenient store. The experience is deliberately designed to be this way.
Step 4: Scan Your Uniswap Wallet
After checking the amount that you have paid, the agent then scans your Uniswap wallet.
Wallets are where you store your cryptocurrency. Over the last few years, many wallets have been developed that are super easy to use. Choose any of the below-listed wallets. You will have to take your wallet or the printed QR code of your deposit address to the location.
These are the best wallets for Uniswap :
1. Trust Wallet
Hardware Wallets: (These are physical devices that you need to buy)
Step 5: Confirm Transaction
After the agent has scanned your wallet, you need to confirm the transaction. This is to ensure that the details are entered properly and there are no mistakes. Just check the number of Uniswap and confirm the transaction. Then the agent will send you the Uniswap to your wallet address.
Step 6: You Got Uniswap – How To Buy Uniswap In Canada is easy with Baap ATM
After the transaction is sent on its way, you get a printed receipt and the Uniswap arrives in your Wallet. This is all there is to it.
So, if you were wondering how can I buy Uniswap in Canada, look no further than BaapATM. We make buying cryptocurrency as easy as buying a physical product. All that while maintaining your security and privacy.