Uniswap is the most popular decentralized exchange (DEX) on Ethereum and other networks. It allows you to swap tokens directly from your wallet without an intermediary.
Why Use Uniswap?
Advantages:
- No account or KYC required
- Trade any ERC-20 token
- Your keys, your crypto
- Available 24/7
Considerations:
- Gas fees on Ethereum can be high
- Price impact on large trades
- Always verify token contracts
Supported Networks
Uniswap is available on:
- Ethereum (original)
- Arbitrum (low fees)
- Optimism (low fees)
- Polygon (low fees)
- Base (low fees)
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Track your trades with Fensory. Monitor performance across all DEXs.
Start Tracking →Step-by-Step Instructions
1
Go to Uniswap
Visit app.uniswap.org and connect your wallet using the Connect button.
Warnings
- ⚠Only use app.uniswap.org - beware of phishing sites
2
Select Tokens
Choose the token you want to swap FROM and the token you want to receive.
Tips
- ✓Use the search bar to find tokens
- ✓Verify token addresses on Etherscan
3
Enter Amount
Enter how much you want to swap. The interface will show you the expected output.
Tips
- ✓Check the price impact percentage
4
Review Details
Click Review Swap and check slippage tolerance, price impact, and fees.
Tips
- ✓Default 0.5% slippage is usually fine
- ✓Increase for volatile tokens
5
Approve Token (if needed)
For first-time swaps with a token, you need to approve Uniswap to spend it.
Tips
- ✓Consider using limited approval instead of unlimited
6
Confirm Swap
Click Swap and confirm the transaction in your wallet. Wait for confirmation.
Tips
- ✓Track your transaction on Etherscan
