Uniswap Exchange Review
Best For
- Intermediate Traders
- Advanced Traders
- Privacy Focused Traders
- Liquidity Providers
Uniswap is a decentralized cryptocurrency exchange (DEX) that launched on the Ethereum mainnet in November 2018. Users can swap, send, pool, and trade Ethereum (ETH) and 120+ listed ERC20 tokens. Uniswap does not maintain order books, as the protocol utilizes incentivized liquidity pools powered by smart contracts as a means of market making.
Uniswap Exchange 2019 Comprehensive Review
Uniswap Exchange Overview
| Trading Fees | Maker: 0.3% / Taker: 0.3% |
|---|---|
| Exchange Type | Decentralized |
| Fiat Trading |  |
| Purchase Options | Crypto Deposits |
| Android App | |
| iOS App | |
| Trading Options | Spot Trading |
| Order Types | Market |
| Exchange Token | |
| Token Benefits | NO TOKEN |
| Charting Software | None |
| KYC Check | |
| KYC Rules | On-chain exchange and order book, No KYC required for any trade amount. |
| IEO Platform | |
| Education Resources | |
| Convert Micro Balance |
|
| Institutional Accounts | |
| Trading API |  |
| Deposit Insurance | |
| Withdrawal Speed | Fast |
| Customer Service | Email, Discord |
| Promotions | NO PROMOTIONS |
Uniswap Trading Fees (Maker & Taker)
| Tier | Monthly Volume Requirement | Maker | Taker | Maker Discount | Taker Discount |
|---|---|---|---|---|---|
| Level 1 | $1.00 | 0.30% | 0.30% | - | - |
All trade request are done on-chain so a gas fee is incurred.
Uniswap Withdrawal Fees
Users participating in token swaps do not have to deposit or withdraw funds on the exchange. All trades are handled on the Ethereum blockchain by smart contracts. Therefore, the only ‘withdrawal fee’ is the gas required to move the funds from the Uniswap smart contract.
Liquidity providers will also need to pay a small gas fee for providing liquidity and removing liquidity on Uniswap.
Uniswap Markets & Volume
Rank 127 |
Total Assets 45 |
Total Markets 44 |
Volume 24h $3,160,530.03 |
Volume 7d $28,090,231.85 |
Volume 30d $83,932,409.54 |
Uniswap Top Markets
| Crypto Assets | Price | Pairs | 24h Volume |
|---|---|---|---|
| EthereumETH | $1,514.19 | 13 | $566,513.66 |
Uniswap Supported Stablecoins
| Stablecoin Assets | Price | Pairs | 24h Volume |
|---|---|---|---|
| USD CoinUSDC | $1.27 | 1 | $220,541.45 |
| DAIDAI | $1.27 | 1 | $93,568.52 |
| StableUSDUSDS | $0.00 | 0 | $0.00 |
| Paxos StandardPAX | $0.00 | 0 | $0.00 |
| TrueUSDTUSD | $0.00 | 0 | $0.00 |
| STASIS EURSEURS | $0.00 | 0 | $0.00 |
| Digix GoldDGX | $0.00 | 0 | $0.00 |
Uniswap Exchange Alternatives
 |  |  | |
|---|---|---|---|
| Rating | 7/10 | 7.5/10 | 6/10 |
| Trading Fees | Maker : 0.3% Taker : 0.3% | Maker : 0% Taker : 0% | Maker : 0.1% Taker : 0.2% |
| Fiat Trading | | | |
| Purchase Options | Crypto Deposits | Crypto Deposits, Credit Cards | Crypto Deposits |
| Trading Options | Spot Trading | Spot Trading | Spot Trading |
| IEO Platform | | | |
| Mobile Apps | | | |
| Headquarters | New York, NY | Singapore | Panama |
| Learn More | Review | Review | Review |
Pros and Cons
Pros
- Liquidity Provider Incentives - Liquidity providers collect all fees (except gas) from Uniswap token swaps. Each liquidity provider is able to earn an amount of ETH and ERC20 tokens proportional to their percentage of total pooled funds.
- Liquidity Provider Requirements - There is no minimum deposit required for liquidity providers, making this option easily accessible to everyone. Liquidity providers who wish to add or remove funds on Uniswap’s liquidity pool can do so at any time, only needing to pay a small gas fee.
- Transparent Liquidity - Anyone can view Uniswap’s liquidity reserves for any listed crypto asset in real-time. This not only helps potential liquidity providers understand which assets are popular, but also enables traders to know whether or not market orders (swaps) can be 100% filled.
- Supported Tokens - 120+ ERC20 tokens are available for trading. Uniswap also lists interest-earning crypto assets like CDAI and CUSD, which aren’t found on many crypto exchanges.
- ERC20 to ERC20 Swaps - Uniswap enables traders to seamlessly exchange any listed ERC20 token for another with a single transaction.
- Low Gas Fees - Uniswap has the lowest transaction based gas costs of any DEX.
- Trade & Send Feature - Generally, DEXs use smart contracts that can only send traded funds back to the same wallet. The ‘Send’ function on Uniswap enables traders to exchange assets and send to another wallet in a single transaction.
Cons
- High Trading Fees - A 0.3% maker and taker fee is considerably higher than any other DEXs charge.
- No Chart Interface - Uniswap’s exchange interface is basic and listed crypto assets do not have individual price charts. Advanced charting will need to be done with an external service like TradingView.
- Liquidity Ratios - Uniswap requires liquidity providers to deposit ETH and an ERC20 token at a 1:1 ratio. When a provider removes liquidity, the ratio could become one-sided depending on market demand from traders.
- Ethereum Blockchain Assets Only - Uniswap does not currently support crypto assets that are not native to the Ethereum blockchain.
Frequently Asked Questions
Is Uniswap safe?
What is the expected ROI for liquidity providers?
Is Uniswap actually decentralized?
Is Uniswap the only DEX that uses liquidity providers?
Does Uniswap have a mobile app?
Summary
Uniswap has had immediate success since launching in Q4 2018. Their unique approach to liquidity in the decentralized exchange markets has captured the attention of traders and investors looking to earn an ROI on their crypto assets.
Recent increases in transaction volume indicate that Uniswap is building momentum and starting to challenge Ethereum-based DEX competitors such as IDEX and EtherDelta for relevant market dominance.
Overall, Blockfer recommends Uniswap for both privacy focused users seeking an efficient decentralized trading experience and DeFi (decentralized finance) savvy investors looking to earn an ROI on their crypto assets as liquidity providers.
| Learn More | Best Features |
|---|---|
|
Legal & Regulation - Facts & Figures
| Legal Name | Universal Navigation Inc. |
|---|---|
| Incorporated Country | Delaware, United States |
| Headquarters | New York, NY |
| Year Founded | 2018 |
| CEO | Hayden Adams |
| Total Employees | 1-10 |
| Regulators | No Regulators |
| Links | Website, Whitepaper, Source code, Twitter, Blog |
About The Author
Delton has been writing about blockchain finance & technology, decentralized applications, and crypto assets since 2017. His work has been published and featured by several independent news publications and blockchain projects.
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Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.
The decentralized cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our decentralized exchange reviews and comparisons include: liquidity, user experience, trading fees, trading options, listed assets, reputation, and wallet integrations.
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