When working with cryptocurrencies, it is important to know what exchanges are out there and which are the most accessible to get started in this world. There are many types of them and each one offers properties that we may not find in another.
For example, there are decentralized exchanges like Uniswap, where No old fashioned registration required as is necessary in sites like Binance, Kraken or Coinbase. However, to be able to use Uniswap you will need a portfolio or wallet, i.e. software to store our cryptocurrencies.
One of them can be Metamask, a digital wallet that works perfectly in conjunction with Uniswap. With these two platforms working in sync, you can buy hundreds of tokens from the Ethereum network without the need for fiat money, as explained in this video:
Uniswap is not the only decentralized exchange, but it is one of the best known and with the highest level of trade. In fact, it’s so big that they launched their own cryptocurrency called UNI, one of the top three most promising cryptos.
Metamask is one of the most widely used Ethereum wallets (this means that cryptos from other blockchain networks like Bitcoin cannot be stored) as it is possible connect it to most exhanges there is, whether decentralized or not.
As always, we recommend extreme caution when investing as cryptocurrencies are a very volatile market where it is easy to lose money.
If you have any questions or would like us to discuss anything related to crypto, let us know in the comments of this article or in the comments section of the video.