The crypto market has been in talks for many years. What’s differ decade is that now bitcoin is not the only digital asset that investors or traders want to invest in. There are many digital assets in which you can invest and get higher ROI in a short duration of time. Uniswap is one of the best examples of this. Do you have any idea what Uniswap (UNI) or how to buy Uniswap in India? If not, you must read this blog to find the answer in detail.
What is Uniswap?
Uniswap is one of the leading decentralized crypto exchanges that is built on top of the ethereum blockchain, the world’s second-largest digital currency project by market cap. UNI is a native decentralized financial protocol that is used to exchange cryptocurrencies on the ethereum platform through the use of smart contracts.
Uniswap runs on two smart contracts: an Exchange contract and a Factory contract. These are automatic computer programs that are designed to perform specific functions when specific conditions are met. The Factory smart contract is used to add new tokens to the platform and the Exchange contract facilitates all token swaps or trades.
Introduced with a vision to give the world access to financial services without fear of discrimination or counterparty risks two years ago, Uniswap protocol is now supported over $20bn volume, traded by over 250,000 unique addresses across 8,484 unique assets. Today, it has emerged as a foundational DeFi infrastructure with integration across hundreds of interfaces and applications.
How to Buy Uniswap to INR?
There are many cryptocurrency trading platforms in India from where you can buy cryptocurrencies using INR. However, you need to look for an exchange that has listed Uniswap and allows you to trade it in the INR Market. For instance, you can use the services of exchanges like PCEX Member to know the current Uniswap crypto price and to buy Uniswap in INR. However, one needs to follow some necessary steps to buy UNI with INR.
- If you are a new user, you need to register yourself on the exchange using your registered email ID or mobile number.
- If you are a registered user, just login to your account using your credentials.
- Once done, complete your KYC and add your bank account.
- Once it’s approved, add money to your INR wallet.
- Visit the INR market and place the buy order. Once the order gets matched, your wallet will be credited within seconds.
If you have no nationality in India, you can choose the USD, USDT, or C2USD market to buy, sell or trade Uniswap.
We hope, now you have a clear understanding of Uniswap and how you can buy UNI with INR. There are other exchanges as well that you can use to buy UNI. You should look at the transaction fees, order volume, and matching engines to have a smooth trading experience. If you are looking for one of the best Uniswap exchanges in India to buy, sell or trade UNI with INR, PCEX Member is the right place to buy this digital asset at the lowest fees in the market.