How to Buy Uniswap (UNI) token in Australia

How to buy Uniswap (UNI)

The best and most affordable way to buy the cryptocurrency, Uniswap (UNI) in Australia is by going through CoinSpot. Australian investors can deposit AUD to CoinSpot via a variety of methods including PayID, POLi, BPAY, Osko, Bank Transfer, Credit Card, Debit Card & Cash. Follow the below guide to buy Uniswap (UNI) in Australia.

Sign Up: Create a free account on CoinSpot and complete the verification process.
Deposit AUD: Click 'Deposit Funds', pick a method and fund your CoinSpot account.
Find Crypto: Go to the 'Buy/Sell' tab, search for UNI and click 'Buy Uniswap'.
Buy UNI: Input the amount of AUD you want to invest and tap 'Buy'.

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Is it expensive to invest in digital assets?

It can be very expensive or affordable to invest in cryptocurrencies depending on what platform you use. If you use a DEX to invest in tokens you will need to pay for network transaction (gas) costs plus the exchanges trading (buy/sell) fee. However, if you use CoinSpot, you only need to pay for the trading fee, with no gas fees (as it's off-chain). The trading fee is between 0.1% - 1% depending on your method.

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About Uniswap Token

Uniswap (UNI) is a DEX (decentralised cryptocurrency exchange) that allows users to trade different types of tokens directly on the Ethereum blockchain. UNI is the native token of Uniswap, and it can be used to pay transaction fees and access platform features. Additionally, the token can be staked and token holders can earn yields on UNI.

At its core, Uniswap is built on a simple concept: automated token exchange pools. Users who want to trade their tokens in these pools simply deposit them into an exchange contract, which then automatically matches buyers with sellers according to price and liquidity preferences. Users can trade different types of tokens without having to worry about complex order books.