Crypto exchanges allow you to buy and sell cryptocurrencies, like Bitcoin (BTC), Ethereum, Dogecoin (DOGE), and UNI, among others. Similar to traditional online brokers like E*TRADE or Interactive Brokers, these cryptocurrency exchanges enable users to buy and sell digital currencies.
Here are the steps required to buy UNI on a cryptocurrency exchange:
Sign up for a reputable cryptocurrency exchange, such as Kraken, Coinbase, or Binance, and create an account. During this step, you’ll be required to verify your identity via a government-issued ID.
The next step is to link a payment method to your account. This allows you to add funds in order to purchase UNI tokens. Different exchanges may accept different payment methods; it's important that you check what is accepted by the exchange in your jurisdiction.
After funding your account, the next step is to search for the UNI token, check its current market price, and then make the purchase. Typically, it takes only a few minutes to complete the order. Once it’s completed, you can transfer your UNI tokens to other cryptocurrency wallets.