What is Uniswap - A Beginner's Guide (2024 Updated)

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  • Опубліковано 11 січ 2025

КОМЕНТАРІ • 203

  • @99Bitcoins
    @99Bitcoins  3 роки тому +58

    CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
    Stay safe 🙏🏻🙏🏻🙏🏻
    🦄Uniswap is a decentralized permissionless exchange that allows users to trade ERC-20 tokens directly.
    🌈This is a complex topic, make sure you go through the following videos for the basics:
    👉 What is Ethereum - ua-cam.com/video/jxLkbJozKbY/v-deo.html
    👉 Bitcoin Trading fo Beginners - ua-cam.com/video/c7VH96My_3I/v-deo.html
    👉 What is Blockchain Technology - ua-cam.com/video/2yJqjTiwpxM/v-deo.html
    👉 What is DeFI - ua-cam.com/video/btB__oHQ0sU/v-deo.html
    Here is what's discussed in the video:
    0:57 What is Uniswap?
    1:13 How Traditional Crypto Exchanges Work
    1:57 Orders on Traditional Exchanges
    2:28 Decentralized Exchanges (DEX)
    3:40 Traditional Crypto Exchange Trades
    4:47 DEX Trades
    4:55 Liquidity Pools
    5:28 Traditional Price Discovery
    5:47 DEX Price Discovery
    6:06 Uniswap AMM
    6:32 Constant Product Market Maker Model
    8:07 Uniswap
    8:41 Uniswap Versions
    9:28 Using Uniswap
    9:52 Price Slippage
    10:25 Beware of Scams
    11:04 UNI Token
    12:18 Conclusion
    12:53 Bloopers
    🧐Read our in-depth guide here:
    bit.ly/3voUEAU

    • @ciscokid33
      @ciscokid33 3 роки тому +1

      Thanks so much!

    • @donvicanto
      @donvicanto 3 роки тому +1

      We are seeing more managed money and,to an extent, institution money entering the [crypto] space.Anecdotally speaking, I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds?

    • @donvicanto
      @donvicanto 3 роки тому

      Purchase Bitcoin,Dogecoin with us we pay 25% on each deposits you made

    • @nellydemirjyan56
      @nellydemirjyan56 3 роки тому

      It's always a pleasure to watch ur videos! Can you do one about Rentible? This product is still so underestimated, it’s a crime!

    • @jboy619
      @jboy619 3 роки тому

      Have you done a Video on Altcoins? I am looking at Pika Crypto. Any advice will be much appreciated. 🙏

  • @rayreyes8497
    @rayreyes8497 3 роки тому +39

    After watching about 20 videos where they all use the word "liquidity" as if everybody instinctively understands what it is, this video finally explained it. Thank you!

    • @rayreyes8497
      @rayreyes8497 3 роки тому

      @R K The definition of liquidity when talking about crypto exchanges is very different to the traditional dictionary definition. By the way, the first word of your comment should be "Ever", not every. Google it.

    • @rayreyes8497
      @rayreyes8497 3 роки тому

      @R K "the more buyers & sellers an exchange has, the larger its order book & the more "liquid" is said to be." That is what liquidity in this context means, not the Google definition. But, after all, the video also says that this is an advanced topic, so some people may not be as smart as you,.... I think.

    • @rayreyes8497
      @rayreyes8497 3 роки тому

      @R K I am not trying to prove you wrong, son, you are the one who sent an unsolicited and offensive comment to Google liquidity and now tell me to go learn something. I don't have to prove what you already know.

  • @grindTIME1985
    @grindTIME1985 3 роки тому +5

    best explanation out there on youtube. professional and concise...
    not like these young 20 year explaining non sense

  • @emanuelduro4691
    @emanuelduro4691 2 роки тому +3

    Some channels say they have simple explanations, but not! A lot of beautiful drawings and a tangle of info. I`ve watched like 3 videos before and only now I could understand it. Thank you!

  • @Delvarn
    @Delvarn 3 роки тому +10

    Couldn't get my head around Uniswap for a long time and then boom, I get it now. Good vid!

    • @AMM-ws5tz
      @AMM-ws5tz 3 роки тому

      I COMPLETE THE SWAP AND TRANSACTION INDICATED PENDING. THEN MY MONEY AND COINS VANISHED. WHY WOULD YOU SUPPORT THIS BULLSHIT?

  • @JanBruunAndersen
    @JanBruunAndersen 3 роки тому +15

    Excellent! I like these bitsized videos explaining just enough for me to understand what other people are talking about.

  • @seymourbuhtts979
    @seymourbuhtts979 3 роки тому +9

    Absolutely love your channel and the way you share information. By far one of the best crypto channels on UA-cam

  • @alekseigerasimov9073
    @alekseigerasimov9073 3 роки тому +4

    Very nice. We need more videos like this explaining popular up to date topics.

  • @kevin9989
    @kevin9989 2 роки тому

    This is the best crypto channel on the internet. Thank you very much.

  • @shawnkerr5003
    @shawnkerr5003 3 роки тому +1

    Sooooo glad I found you!! There are giant lightbulbs going off above my head now. I am going to binge watch each and every video you have. THANK YOU!!!!

  • @hughw.
    @hughw. 3 роки тому

    Cleanly laid out. Easy to understand. Swiftly delivered. Easy to understand. 👍

  • @faithandhope7133
    @faithandhope7133 3 роки тому +4

    Thank you. Please keep the information coming.

  • @alaad1009
    @alaad1009 3 роки тому +13

    You're the OG!

  • @textsmsmaster9884
    @textsmsmaster9884 3 роки тому +1

    This is a GREAT SHORT VIDEO about the general concept of UniSwap and ideology .. but, as you asked, here are a couple more pressing questions as fast as the exchanges and governance processes are evolving .. 1. explain "LAYERS" .. 2. explain "1559 Token"

  • @AlexLee-lm7mc
    @AlexLee-lm7mc 3 роки тому +1

    this is the best channel on youtube for crypto info. Keep it up!

  • @plargyle
    @plargyle 3 місяці тому

    Thanks for highlighting the importance of security in crypto transactions.

  • @deepthinker3684
    @deepthinker3684 3 роки тому +1

    Thanks for the clear explanation on Uniswasp

  • @seancurran2226
    @seancurran2226 3 роки тому +4

    I appreciate your videos. So many times I used to have to stop and pause and now I get it but thinking about valuation so it seems a little slow haha, it’s the right combination. Great job as always

  • @MarianDj
    @MarianDj 3 роки тому

    Newbie here on your channel. So first of all Nate Martin voice is really fantastic. My ears will really glad to listen. 2nd this is very informative. Would definitely browse the rest of the videos. Keep it up and more power!!!

  • @missedcall4969
    @missedcall4969 3 роки тому

    You are the definition of crypto genius

  • @davidtetteh86
    @davidtetteh86 3 роки тому +1

    I love the presentation. Thanks,your explanation is brief and easy to understand. Thank u.

  • @parttimelarry
    @parttimelarry 3 роки тому +1

    Beautifully explained, thank you!

  • @holodeckdragon8876
    @holodeckdragon8876 3 роки тому +2

    Really good! I send lots of newbies to you guys to learn. thnx for your clarity.

  • @zalida100
    @zalida100 3 роки тому +3

    Great vid nate - thanks

  • @gbenrobello2487
    @gbenrobello2487 3 роки тому +1

    Thank you so much for this video , you have just demystified the whole DEX concept for me.

  • @Bonez0r
    @Bonez0r 3 роки тому

    7:29 "... no matter how large the order size or how tiny the liquidity pool."
    I'm just beginning to look into uniswap, so I know almost nothing. What if the liquidity pool is tiny, like in the example with 10 ETH and 10,000 DAI, and someone needs to buy 11 ETH? I missed that in the video.

  • @nobodyimportant5485
    @nobodyimportant5485 3 роки тому +12

    These videos are fantastic. Thank you so much for your clear and concise delivery of some relatively complex topics

  • @priyeshsingh9094
    @priyeshsingh9094 3 роки тому +4

    Absolute masterpiece..crisp,short and very informative.😍

  • @redlobbster
    @redlobbster 3 роки тому

    I find You and Lark pretty good but you’re clarity is top level.

  • @patrickevans4396
    @patrickevans4396 3 роки тому +2

    You connected several dots for me, thank you for this great video!

  • @DaTrollerSkate
    @DaTrollerSkate 3 роки тому +2

    thanks for this informative video! I enjoy the succinct and straight to the point format. Keep it coming :)

  • @antdeeziak9057
    @antdeeziak9057 3 роки тому

    I love the news style channel, thanks for giving us good info, def subbing.

  • @davidderidder2667
    @davidderidder2667 3 роки тому +1

    Much appreciated Nate. Superb explainer👍🏽

  • @Jmhfl7
    @Jmhfl7 3 роки тому +1

    Thank you for the GREAT video!

  • @siddhantjajoo3136
    @siddhantjajoo3136 3 роки тому +1

    @99bitcoins Would this mean that the same token/coin would have different value in terms of dollars when compared on Centralized and decentralized exchanges?
    Since it really depends on the constant value.
    What if two different liquidity pools are created with ETH and DAI in the same DEX? Then the price would vary for the same token in different liquidity pools based on the number of ETH and DAI that pool consist of?

  • @nagatoshi4597
    @nagatoshi4597 3 роки тому +1

    Great short intelligible explanation.

  • @olemakpadu1547
    @olemakpadu1547 3 роки тому +1

    Thanks for the explanation.

  • @LumocolorARTnr1319
    @LumocolorARTnr1319 3 роки тому

    Very informative. I will send this to friends.

  • @filohg
    @filohg 3 роки тому +9

    Natan, you’re the man!

  • @aiddos
    @aiddos 3 роки тому +2

    Very insightful

  • @trueinfo402
    @trueinfo402 3 роки тому +1

    Hello 99 ! Could u pls also make a small video on unilend coin / uft coin . It’s seems another uniswap coin on it’s very early stage . ! Thank you so much !

  • @gooooblaster1800
    @gooooblaster1800 2 роки тому

    Needed this video. Thanks youre a godsend

  • @ETFAnalyzer
    @ETFAnalyzer 3 роки тому +1

    Beyond excellent explanation! Thank you very much.

  • @dzcryptominerz542
    @dzcryptominerz542 3 роки тому

    Great explaination good job dude in arabic algerian dardja we say yaatik saha god give you health nathe

  • @johanfick3932
    @johanfick3932 3 роки тому +1

    Awesome content Nate and always love the out takes!! 🤣🤣🤣

  • @GatormanEsquire
    @GatormanEsquire 3 роки тому +2

    You've got to admit it's pretty funny to state that traditional exchanges do extensive research into coins it will support at the same time that Coinbase announces it will now support SHIB

  • @paradaphunchuai2404
    @paradaphunchuai2404 3 роки тому

    Good day, just to check what is a dai and how to determine the initial dai ?

  • @Jammie-f4i
    @Jammie-f4i 4 місяці тому

    Thanks for the analysis! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?

  • @alik1059
    @alik1059 3 роки тому

    Hi how do I activate uniswap protocol for a particular coin I want to trade If I accidentally pressed cancel when I wanted to 1st trade?

  • @angrycoin3567
    @angrycoin3567 3 роки тому +2

    very good content!

  • @RuthEgwenue
    @RuthEgwenue 2 місяці тому

    Thanks for the explanation on this video

  • @samb6376
    @samb6376 3 роки тому

    Once you complete your transaction, do you disconnect your wallet? Thanks for the tutorial….

  • @Audrey-fo2ic
    @Audrey-fo2ic 3 роки тому +1

    Wow this is amazing! Thanks!

  • @jburnsey88
    @jburnsey88 3 роки тому

    Very hopeful for Uniswap

  • @LauraTurner-i3r
    @LauraTurner-i3r 4 місяці тому

    You're doing a fantastic job! I need some advice: My SafePal wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?

  • @bloodbound696
    @bloodbound696 3 роки тому +2

    My goodness that was amazing

  • @lorimast
    @lorimast 3 роки тому +1

    I love the outtakes. 😀

    • @lorimast
      @lorimast 3 роки тому

      @kenny blue spammer.

  • @neilbeenraw8549
    @neilbeenraw8549 3 роки тому

    So if I see that a certain coin is a very low price on a certain platform, and that platform says the coin is only available to purchase on uniswap the price that it is the platform you saw it on won’t apply, and if uniswap is the only place I can buy it how will I know if I made a lot from my investment, especially if the price on the platform I saw it on Doesnt apply? My whole focus is to invest and make money from my investment.

  • @nasaos8571
    @nasaos8571 3 роки тому +1

    so what is the different between uni and pancake swap and sushi swap ?

  • @michaelhinchey
    @michaelhinchey 3 роки тому

    I came here for knowledge and got a laugh at the end as well. Thx

  • @arouraios4942
    @arouraios4942 3 роки тому +1

    Great Video! Thanks a lot!

  • @PeaceChanel
    @PeaceChanel 3 роки тому

    Thank You for All that you are doing for World Peace..
    Peace.. Shalom.. Salam.. Namaste ..🙏🏻 😊 🌈 ✌ 🌷 ☮️ ❤️

  • @isurumeegahathenna862
    @isurumeegahathenna862 3 роки тому

    This is awesome!!! The background of exchanges in one video. Can you do a video about Oracles and chainlink?

  • @HammadKhanYT
    @HammadKhanYT 3 роки тому

    Wow Amazing explanation as always.

  • @Bryan-eg7si
    @Bryan-eg7si 3 роки тому +1

    When doing a swap like this , do i have to pay for eth gas fees ?

  • @johnjakobs1848
    @johnjakobs1848 3 роки тому

    Nate once again you set me straight! Great video. Can you do one on a security token, I am looking to possibly invest in one specifically INX Limited. It just closed it's IPO and is supposed to be SEC regulated and retail friendly. I will be looking forward to hearing what you have to say about it if you can do a video on it that is. I am not sure of your particular criteria for making a video on a specific topic or item. Thanks for straightening me out with uniswap!

  • @monoto8272
    @monoto8272 3 роки тому

    Thank you so much! You made it so easy.

  • @vipinchaudhary7099
    @vipinchaudhary7099 3 роки тому

    Awesome video and nicely explained

  • @leonardoarroyoserrano2082
    @leonardoarroyoserrano2082 3 роки тому

    Absolutely grateful for your content , thank you Nate 😊😊😊

  • @cyborg6294
    @cyborg6294 3 роки тому

    I will never use dexes now, the fees are way higher than centralized exchanges, also the risk of getting crypto from already blocked addresses in centralized exchanges.

  • @stasinossofroniou7430
    @stasinossofroniou7430 3 роки тому +1

    Thank you for this!!!!

  • @MulugetaHaro
    @MulugetaHaro 3 місяці тому

    Thank you so much for your hard work! 😊 I wanted to ask something unrelated: 🤔 I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔

  • @lachygordon506
    @lachygordon506 3 роки тому

    Legend thanks dude!

  • @md.imranmia7857
    @md.imranmia7857 2 роки тому +1

    Nice,thank you

  • @HasanSattarr
    @HasanSattarr 3 роки тому

    Very nice information

  • @therealjackfisher
    @therealjackfisher 2 роки тому

    That's exactly what I needed.

  • @samuelennin630
    @samuelennin630 3 роки тому

    what is the difference between uniswap and binance exchange and how do the function

  • @owoene9106
    @owoene9106 3 роки тому

    Thanks for the video, but there's a stage I need explanation
    ACCOUNT
    How do I accumulate my fees earned?

  • @mac3025
    @mac3025 3 роки тому

    Uniswap looking like it'll make a strong rally today

  • @normanoman7098
    @normanoman7098 3 роки тому

    What happens whe u swap your ethereum for a token? Does the amount of token fluctuate in amount 🤔 ??

    • @AMM-ws5tz
      @AMM-ws5tz 3 роки тому

      DO NOT USE UNISWAP. IF YOUR TRANSACTION FAIL. THEY STEAL YOUR MONEY AND YOU DO NOT RECEIVE YOUR CRYPTO.

  • @itsGuy
    @itsGuy 3 роки тому

    What's to stop some whale from buying enough uni tokens to call the shots going forward?

  • @markanderson1228
    @markanderson1228 3 роки тому

    Why's that whenever I buys a crypto currency that I hopes on going higher , but ends up going dip down??

  • @user-or7ji5hv8y
    @user-or7ji5hv8y 3 роки тому

    Does the gas fees impact trading?

  • @fr8tv4
    @fr8tv4 3 роки тому

    I love the bloggers at the end 😆🤣😂😹 👍🏿

  • @rbd5868
    @rbd5868 3 роки тому +1

    Could you also do a video about pancake swap

  • @user-wr4yl7tx3w
    @user-wr4yl7tx3w 2 роки тому

    Can you do a video explaining more how slippage can happen?

  • @sportschannel6235
    @sportschannel6235 3 роки тому

    How to trust wallet to uniswap pay and sell

  • @clintbryan6658
    @clintbryan6658 3 роки тому

    I’m finding all this crypto information confusing at times will there be a coin or a crypto for every day use there’s so many

  • @sbonisomdlalose4339
    @sbonisomdlalose4339 3 роки тому

    Excellent

  • @isaaccanales9327
    @isaaccanales9327 3 роки тому

    Good info!

  • @felixtangan8134
    @felixtangan8134 3 роки тому

    Can you topic how to determine a legit or scam coin.

  • @pensionnewschannel5176
    @pensionnewschannel5176 9 місяців тому

    Problem with Uniswap. I have activated “view only” and want to revert to trading functionality. I know my seed phr@se but it’s asking to link with another wallet. Help.

  • @Shubham0298
    @Shubham0298 2 роки тому

    I didn't get the formula ,if 9 eth *11111dai=100,000 then how 1 eth =1,111?

  • @NSAwatchesME
    @NSAwatchesME 3 роки тому

    how do you get cyrpto in the first place with your cash

  • @pinoyace1
    @pinoyace1 3 роки тому

    Can you change the white background to another color because it's painful to the eyes?

  • @igcheetosandmojitos5081
    @igcheetosandmojitos5081 Рік тому +1

    Can you swap bitcoin on uniswap?

    • @99Bitcoins
      @99Bitcoins  Рік тому +2

      Yes, you can swap it.
      Uniswap is a decentralized exchange built on the Ethereum blockchain, and it was originally designed for swapping ERC-20 tokens. However, with the advent of Wrapped Bitcoin (WBTC), which is an ERC-20 token backed by Bitcoin, it is now possible to swap Bitcoin on Uniswap.
      To swap Bitcoin on Uniswap, you would need to first convert your Bitcoin to WBTC on a custodial or non-custodial exchange that supports the conversion. Once you have WBTC, you can then use Uniswap to trade it for other ERC-20 tokens or Ethereum (ETH).

  • @gondwanaland9
    @gondwanaland9 3 роки тому

    Ok, so are there DEX's out there that can handle a wider range of crypto? Coins like Bitcoin aren't ERC20, so they can't be on Uniswap, right? Surely an exchange that could handle all of them in a unified way would be even more valuable?

  • @zanelegamede4426
    @zanelegamede4426 3 роки тому

    What happen after swapping oap

  • @unathorizedbargain8862
    @unathorizedbargain8862 3 роки тому

    Baby uni 🚀 🌙

  • @Yewbzee
    @Yewbzee 3 роки тому

    I think its fair to say that most crypto token's value today follow the "greater fool" principle. That's not to be disrespectful to them, after all our fiat currency is pretty much the same idea.