How To Buy Uniswap (UNI) In Canada (Jul 2022)

June 30, 2022
Blog

If you’re wondering how to buy Uniswap (UNI) in Canada, you’ve come to the right place. This post will walk you through exactly how to buy it using Newton, one of the top-rated crypto exchanges in Canada and the easiest way for Canadians to buy Uniswap.

Newton is a particularly good choice for buying and selling Uniswap because it verifies accounts instantly, supports more than 75 crypto assets, and has zero trading fees (aside from the spread). If you’re serious about crypto investing and want to work with a reputable, reliable exchange, I highly recommend Newton.

What Is Uniswap (UNI)?

Launched in 2018 by Hayden Adams, Uniswap (UNI) is an Automated Market Maker (AMM) and Decentralized Exchange (DEX) protocol based on the Ethereum blockchain. DEXs have gained a lot of traction in the last couple of years as a way to automate and decentralize trades.

Uniswap uses Liquidity Pools to maintain liquidity, and all trades are executed using smart contracts. Uniswap incentivizes people to join the pools by limiting risk and reducing fees for all participants.

One of Uniswap’s main features is its yield farming and staking platforms. The process involves moving crypto assets to different DeFi lending platforms, like Aave and Compound. Outside the crypto world, it’s equivalent to moving your funds to a bank that offers a better interest rate; Uniswap automatically distributes your crypto to be used as collateral in trades or as part of a lending pool, yielding crypto rewards.

Uniswap also supports the staking of ERC-20 token pairs, price oracles, flash loans and swaps, and more. Through its latest update, Uniswap v3, user fees are reduced, and smart contracts are executed instantly. Uniswap and Lendf.Me were hacked in 2020 for $25 million worth of crypto. Since then, they’ve patched the vulnerability.

Here are some other quick facts about Uniswap:

Asset TypeEthereum-based Decentralized Exchange
Price$8.3 USD
Market Cap$5,740,010,292 USD
Circulating Supply690,821,546
Total Supply1,000,000,000
WhitepaperLink
All Time High$44.92 USD
All Time High DateMay 03, 2021
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Where To Buy Uniswap In Canada

Here’s how to buy Uniswap in Canada smoothly and easily:

1. Open Your Newton Account

Opening a Newton account is easy: go to their website, enter your name and email, and follow the prompts to upload a piece of government-issued ID to verify your account.

If you sign up using my referral link, you’ll get a $25 signup bonus upon depositing $100 or more into your account.

2. Fund Your Newton Account

Canadians can fund their Newton account through Interac e-transfer, wire transfer, or cryptocurrency transfer from an external wallet. I recommend Interac e-transfer, since it’s fast, easy, and totally free.

Your funds will appear in your account in 30 minutes or less.

3. Buy Uniswap With Newton

Once you’ve funded your account, you can go ahead and buy however much Uniswap you want. To do that with Newton, log in to the app or web platform, tap Trade (the icon with two arrows), enter the dollar amount you wish to purchase, and select Uniswap from the dropdown menu.

Your order will be processed immediately, and your Uniswap will show up in your account right away. And that’s it—you just bought Uniswap!

Zero Trading Fees

Spreads: 0.2% – 0.7%
Security: 95% cold storage
Signup bonus: $25

Low spreads & zero trading fees.

★★★★★

Rated 4.5/5

Why Newton Is Great For Buying Uniswap

There are many reasons Newton is my exchange of choice for buying Uniswap, but here are just three:

1. Extremely Low Fees

Newton doesn’t charge any trading fees, deposit fees, withdrawal fees, or any other types of fees you can think of. They even cover the first $5 on every crypto withdrawal, going above and beyond to save you money.

The only way Newton will make money your trades is through a narrow spread that’s charged on each trade. Newton’s spreads are very competitive with other exchanges, and you can see its live spread on Uniswap on its Fees page.

2. Wide Variety Of Coins

Newton currently supports more than 75 crypto assets, so if you want to trade other altcoins aside from Uniswap, Newton is your best bet for finding them.

Newton obviously supports the major coins like Bitcoin and Ethereum, but smaller altcoins like UMA and Waves are also supported.

3. Designed For Canadians

If you use a non-Canadian exchange, you generally have to fund your account with US dollars and pay foreign exchange fees ranging anywhere from 2-5%. Newton is a Canadian exchange, though, so you can fund your account directly with Canadian dollars without any fees.

Other benefits of Newton include the ability to fund your account via Interac e-transfer or from your Canadian bank account for free, plus the knowledge that you’re using a homegrown exchange that follows all current and anticipated Canadian regulations, ensuring your funds and crypto are always fully secure.

Where To Store Uniswap

Storing Uniswap is easy as long as you have the right crypto wallet to protect it and keep it secure. There are dozens of different wallets out there, each with their own set of features, many of which cost $100 or more to buy.

With Newton, though, you can skip expensive wallets altogether and just store your crypto right inside their app. Newton maintains third-party custodian partnerships with Fireblocks and Balance, which means they keep their users’ digital assets under cold (offline) storage at institutional-grade storage facilities. Other benefits of using Newton include:

  • The widest selection of coins of any Canadian crypto wallet/exchange
  • Newton performs daily off-site backups to ensure your crypto is always kept safe
  • Open an account in 30 seconds
  • $25 bonus when you buy $100 in crypto using my signup link

Newton is a widely trusted wallet and exchange I’ve personally used for more than a year. Whether you want to make your first crypto purchase or just spread out where you hold your coins, I can’t recommend Newton enough.

Zero Trading Fees

Spreads: 0.2% – 0.7%
Security: 95% cold storage
Signup bonus: $25

Low spreads & zero trading fees.

★★★★★

Rated 4.5/5

In Summary

Here’s how to buy Uniswap in Canada:

  1. Open a Newton account using my referral link to get your $25 signup bonus.
  2. Deposit Canadian dollars into your Newton account with zero fees.
  3. Exchange dollars into Uniswap with no commissions—you just pay the spread.

Buying Uniswap In Canada FAQs

What Fees Are Involved With Buying Uniswap?

Newton doesn’t charge any trading fees or commissions on Uniswap, so you just pay a spread of around 0.2% – 0.7%.

Which Canadian Exchanges Offer Uniswap?

Newton is the only exchange Canadians can use to buy Uniswap today. Other exchanges like CoinSmart and Bitbuy may add support for Uniswap in the future, but right now, Newton is the only option Canadians have.

How Do I Sell Uniswap In Canada?

To sell Uniswap, log in to your Newton account, go to Market -> Exchange (the arrows in the bottom-right of the app), and then set up the trade by entering the amount of Uniswap you wish to sell. Once the sale is complete, you can withdraw your fiat currency into your bank account via Interac e-transfer or direct deposit.

Alternatively, if you wish to transfer your Uniswap to a wallet outside of Newton, go to Market -> Exchange -> Withdraw -> Crypto to Wallet, select Uniswap from the dropdown list, and enter your external wallet address. Always double-check your external wallet address before processing your withdrawal request, as cryptocurrency transactions can’t be reversed once they’ve been submitted.

Is Uniswap A Good Investment?

At its current price of $8.3 USD, Uniswap is down 81.52% from its all-time high of $44.92 USD on May 03, 2021. If the past is any indication, though, there’s a good chance Uniswap will increase from here and challenge its all-time high again, probably when Bitcoin approaches its all-time high, too.

Of course, all cryptocurrency investments are volatile and uncertain, so I recommend that you only invest money you can afford to lose.

Uniswap Price Prediction

Our price prediction for Uniswap is $69.61 USD within 12 months. This equates to an increase of 739% from its current price of $8.3 USD, and assumes that Bitcoin will surpass its all-time high of $69,045 USD in the next 12 months, too.

The Best Crypto Exchanges In Canada

Best Overall

Trading fees: 0.1%
Security: 99% cold storage
Signup bonus: $50

Serving over 400,000 Canadians

★★★★★

Rated 4.9/5

$50 Signup Bonus

Trading fees: 0.2%
Security: 95% cold storage
Signup bonus: $50

Trusted by 200,000+ Canadians.

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5