Uniswap Explained: How to Instantly Trade Ethereum Tokens

Uniswap has quickly become the top decentralized exchange to use for trading Ethereum and Ethereum-based tokens (ERC20s). Using the swap feature of Uniswap, you can instantly trade tokens on Ethereum without having to leave the interface.

A common use for Uniswap is for trading DeFi tokens — especially up and comers that may not even be listed on major exchanges like Bittrex and Binance.

In this tutorial, I quickly run through the swapping feature and show you how to convert ETH/ERC20’s into ETH or any other ERC20. I use BAT and DAI in this tutorial because of BAT’s latest rally in price.

It made sense for me to withdraw some BAT from a MakerDAO CDP vault that I have and then convert it into DAI and then use the DAI to pay back a portion of the collateralized loan that I had taken out.

Despite the high fees on the Ethereum network, swapping can be a lucrative game. Trading these new coins can also be a risky game, so swap at your own risk!

Show Notes: https://leofinance.io/hive-167922/@khaleelkazi/kwqsnqpk

Listen & Subscribe to the LeoFinance Podcast!

LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized blogging platform (https://leofinance.io) allows users and creators to engage and share content on the blockchain while earning LEO token rewards.

Join Our Community and Earn Crypto Rewards for Your Content:



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store