What are Uniswap and UNI?
Uniswap is a decentralised exchange protocol built on Ethereum. Rather than matching buy and sell orders in a traditional order book, it uses an automated market maker (AMM), which prices tokens according to how much liquidity is available.
UNI is the governance token of the Uniswap Protocol. UNI holders can vote on proposals about how the protocol operates. The protocol is governed by UNI token holders and stewarded by the Uniswap Foundation.
How to buy Uniswap in Singapore
In the Crypto.com App, here is the basic flow:
- Sign up and verify your identity.
- Top up your account.
- Head to the trading screen, select Uniswap and complete your purchase.
If you fund your account first, wait until the funds are available before buying Uniswap.
Which payment methods can you use?
To buy Uniswap in the Crypto.com App, you can fund your account with a FAST bank transfer in SGD, a Swift transfer in USD, a debit card, Apple Pay, Google Pay, or crypto deposited from another wallet.
How much do you need to buy Uniswap?
The minimum depends on how you pay: SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by card, and SGD 50 by FAST bank transfer.
In practice, this means you can buy a small fraction of Uniswap rather than committing a large amount upfront.