How to Buy a Token on UniSwap Exchange Lithium Follow Feb 21 · 4 min read

This guide is to show you how simple and improved buying a token on UniSwap is.

UniSwap is a decentralized exchange launched in November 2018, it is the 4th most liquid exchange just below Binance & Bitfinex, with a liquidity of $68,000,000 . The exchange grew so fast, and still isn't listed on CoinMarketCap.

If you would like to learn more about how UniSwap works, check this guide: https://docs.ethhub.io/guides/graphical-guide-for-understanding-uniswap/

In this example I will use PARETO, an ERC20 token used on the Pareto Network, to explain how it works:

UniSwap has listed PARETO on uniswap.info, think of it as a decentralized CoinMarketCap and Binance combined. Where any token can be listed and traded without permission. Automatically creating a new page for many tokens. Here are the custom URL’s for PARETO that are relevant to the buying & selling process:

Pareto UniSwap page (where you can find info about PARETO on UniSwap): https://uniswap.info/token/0xea5f88e54d982cbb0c441cde4e79bc305e5b43bc

Pareto Exchange Address (where you can view PARETO liquidity): https://etherscan.io/address/0x2d7c5a8067e2d9ee3f39f3b269bab1962b0137ef/

Pareto Token Address (where you can view PARETO transactions): https://etherscan.io/token/0xea5f88e54d982cbb0c441cde4e79bc305e5b43bc/

Pareto UniSwap Exchange (where you can buy or sell PARETO ): https://uniswap.exchange/swap/0xea5f88e54d982cbb0c441cde4e79bc305e5b43bc

Ok, lets get started … first head to uniswap.info

On the top part of the homepage we can see the total market liquidity, volume, and transactions

On the lower part of the homepage is the list of tokens ranked by liquidity, instead of how CMC ranks them by market cap.

Head back up again. On the top right side of the page you can use the search bar to search for your desired token, such as PARETO

The PARETO page should pop up,you can see the UniSwap automatically customizes the color of the page based off the color patterns of the token’s logo, so cool.

each token has its own custom URL for the info page: https://uniswap.info/token/0xea5f88e54d982cbb0c441cde4e79bc305e5b43bc

As well as a custom URL for the buy/sell page: https://uniswap.exchange/swap/0xea5f88e54d982cbb0c441cde4e79bc305e5b43bc

At the bottom part of the PARETO page we an see the latest transactions, we can see that a buyer swapped 0.0003 ETH for 100 PARETO and another seller sold 10 PARETO in exchange for 0.0001 ETH

Head back to the top of the PARETO page, you will notice a buy button that will allow you to buy PARETO instantly.

Choose the amount of PARETO you would like to buy, say 1000 PARETO

You will notice an exchange rate of 0.000002 ETH ~ $0.0005 per PARETO token. Sweet, I’ll buy 1000 PARETO for $0.50 .

After choosing the amount, choose the MetaMask wallet. (Note that you can buy PARETO from Coinbase wallet as well)

Confirm the transaction, and you just bought 1000 PARETO. That’s it, no permission, no hassle. You can use the token to use your favorite dapp or invest in new projects.

check out uniswap.io for official information regarding UniSwap.