How to Buy Uniswap (UNI) in Australia?
Since 2018, the Uniswap protocol has proven itself to be a reliable platform for cryptocurrency swaps and trading. In a decentralised environment that is isolated from traditional government and financial frameworks, Uniswap has been able to sustain billions of dollars worth of a truly free market economy.
Owning a Uniswap token (UNI) means that you own part of the Uniswap economy. This gives you the right of governance, to vote democratically on the developmental pathway that Uniswap will take.
Even if you are not planning to be highly involved in the strong Uniswap community, there will only be 1 billion UNI tokens to ever exist. This makes the token more desirable to future participants on the platform.
In this article, you’ll learn how to invest in UNI by buying the token from a trusted crypto retailer or exchange in Australia. If you are still curious about how UNI will perform in the future, head over to our guide below.
How to Buy Uniswap (UNI) in Australia
Easy Crypto can make you skip the hassle of timing the market, making a limit order, and paying twice to make your purchased Uniswap tokens to be truly yours. We also simplified quite a lot of the sign-up process while satisfying regulations.
Here is how you can buy Uniswap through Easy Crypto:
Signing up and verifying your identity will take around 5 minutes. If you sign up using your Google, Facebook, or Twitter account, you could save more time.
- Placing an order
You can know the cost of UNI in Aussie dollars (before network fees). Simply enter the amount of UNI that you’d like to buy in Aussie dollars. If you proceed, we will then ask you for your crypto wallet address.
- Pay with Aussie Dollars
We accept transfers from major banks in Australia. For your convenience, we’ve also included POLi as a payment option. It’s an instant payment service that collaborates with most Aussie banks.
- Wait until your transaction is official
Unlike other crypto exchanges, your transaction is secured on the blockchain itself. This will take some time, particularly because Ethereum is a very busy network.
Important. Do not mistype your address. Cryptocurrency transfers cannot be refunded. The best and easiest way to avoid this mistake is to simply copy-paste your address, instead of individually typing each character of your address.
And that’s it! Pretty simple right?
Here at Easy Crypto AU, we strive to simplify the crypto buying process so that you can focus on managing your assets.
Need help with your crypto order? This article may help you.
Things to consider before buying Uniswap (UNI)
Australia is one of the best nations in the world for investing in cryptocurrencies. This is because local regulations have made it easier and safer for Aussies to purchase, store, or trade crypto assets like Uniswap.
You will need to prepare a crypto wallet to store your UNI tokens. Then head over to Australia’s trusted crypto exchanges or retailers to purchase some UNI tokens with Aussie dollars.
Optionally, you can invest in UNI periodically using proven investment methods, such as the dollar-cost averaging. This is made even easier with our auto-buy feature at Easy Crypto, where you can easily automate your crypto investments.
Preparing an Ethereum wallet to store UNI tokens
UNI tokens are classed as an ERC20 token, which means you can deposit UNI in an Ethereum wallet. This is great news if you have already bought some ether or other ERC20 tokens like Chainlink (LINK), for example.
If you’re not sure about what ERC20 or Ethereum is, don’t worry. A great selection of crypto wallets have been designed to accommodate UNI tokens. Here are some options for you:
Desktop or mobile wallets for Uniswap:
Hardware wallets for Uniswap:
Not sure which one to get? For absolute beginners, we highly recommend you to play around with software (desktop or mobile) wallets to become familiar with how to receive and send crypto assets.
We’ve written a full guide on crypto wallets, their pros and cons, their prices, and more.
Finding a trusted crypto exchange or retailer in Australia
There is no shortage of crypto exchanges and retailers in Australia and beyond. Finding the right one for you could be a challenge at first since you will need to do some deep research.
Fortunately, we’ve compiled a report comparing some popular exchanges for a quick start to researching the best place to buy crypto for you.
When it comes to choosing a crypto supplier, price is just one of the factors you need to consider. You will also need to consider the following:
- Is the business registered and regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC)?
- If it is a foreign business, does it comply with the regulations of the country in which it operates? Extra points if it also complies with Australian financial services regulations.
- Can you contact the business easily if you need support?
- Can you calculate the hidden fees? (the cost of foreign exchange, credit card fees, wallet transfer fees, network fees, etc.)
Manage and track your UNI with our portfolio
As with any investments, keeping track of your Uniswap or any other crypto assets is important.
With Easy Crypto you don’t have to deal with tedious spreadsheets or price charts – we do all that for you.
Keep track and manage your crypto assets with our built-in crypto portfolio tracker which allows you to set up your buy history only once, and our software does everything else to keep track of the market price to calculate your earnings automatically.
Need a shortcut? Click here to buy Uniswap (UNI) in Australia.
Do a test purchase
Although the crypto space is exciting and highly accessible, you should consider making small “test purchases” to see if you are comfortable with the user experience.
Be aware that some exchanges or retailers will initially store your Uniswap tokens in their own internal wallet, and they have the private keys (and control) of that funds. The purchase cost may be cheap, but getting the Uniswap tokens out of their system and into their wallet might incur some additional costs.
If you happen to land on Easy Crypto Australia and you’re about to make a purchase, the bill is always exactly the amount you will pay, with no hidden fees! Your Uniswap tokens will be safely stored inside your own wallet, giving you peace of mind.
Why is it taking so long to get my Uniswap? Read our FAQ or contact our Help Desk.
Stay updated in the crypto space!
Uniswap is one of the most successful Ethereum-based projects in existence. Its open-source code allows other developers to develop their own swap protocols. But despite the fact, Uniswap remains the biggest decentralised crypto exchange to date.
Would you rather invest in the original protocol or the copy-cats? Hold Uniswap tokens to diversify your investment.
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