Uniswap is a decentralized exchange (DEX) on the Ethereum blockchain. The exchange allows for the swapping of different cryptocurrencies, facilitated through smart contracts. This enables trading without the need for users to rely on a centralized entity. The major difference compared to centralized exchanges is that Uniswap uses liquidity pools and an Automated Market Maker (AMM) to determine prices. Uniswap is built on Ethereum's consensus mechanism, which means that the security and validation of transactions are ensured through proof-of-stake. Additionally, there is never any conversion to fiat currency. Integration with the decentralized exchange can be done using digital wallets such as Metamask or WalletConnect.
If you choose to hold this asset in Safello's wallet, the holding is solely for investment purposes. You cannot use features linked to the asset's network or protocol – such as governance voting rights or staking rewards – through Safello's platform.
Get started with 3 easy steps
Download the Safello App
Login with Mobile BankID
Select which cryptocurrency you want to buy and pay easily with direct payment
