How to use DEXs like Uniswap
Decentralized exchanges (DEXs) have revolutionized cryptocurrency trading by eliminating...
Platform | United States Dollar | Uniswap |
---|---|---|
Uphold | 1 USD | 0.07 UNI |
YouHodler | 1 USD | 0.07 UNI |
To buy United States Dollar using Uniswap, first, find a cryptocurrency exchange that supports the USD/UNI trading pair, such as Nexo or M2. Create an account, verify your identity, and deposit your UNI into your exchange wallet. Locate the USD/UNI pair on the trading platform and place an order to exchange your Uniswap for United States Dollar. If the USD/UNI pair is unavailable, you can first exchange Uniswap for a stablecoin like Tether (USDT) or a fiat currency, then trade that for United States Dollar. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell United States Dollar for Uniswap, first, find a cryptocurrency exchange that supports the USD/UNI trading pair, such as Nexo or M2. Create an account, verify your identity, and deposit your USD into your exchange wallet. Locate the USD/UNI pair on the trading platform and place a sell order to exchange your United States Dollar for Uniswap. If the USD/UNI pair is unavailable, you can first sell United States Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Uniswap. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
Decentralized exchanges (DEXs) have revolutionized cryptocurrency trading by eliminating...