Information
What Is Uniswap? A Beginner-Friendly Guide
Uniswap is a decentralized exchange protocol that lets users swap supported tokens through smart contracts rather than a traditional centralized order book. Learn the core idea, how wallets interact with it, and the main risks to understand before using any DeFi app.
How Uniswap differs from a centralized exchange
A centralized exchange typically manages user accounts and may custody assets while matching trades through its own systems. Uniswap uses on-chain smart contracts and a wallet-based interface. Users remain responsible for their wallet security and for checking the transaction details they sign.
What you need to know before getting started
You generally need a compatible wallet, a supported network, and assets to cover both the swap and network fees. The availability of tokens, networks, and features can change, so verify details using trusted official sources.
Risks to consider
Smart-contract vulnerabilities, fake tokens, malicious websites, price volatility, network fees, and irreversible transactions can all create risk. Educational information is not investment advice, and no outcome is guaranteed.
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