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

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  • เผยแพร่เมื่อ 1 ธ.ค. 2024

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  • @99Bitcoins
    @99Bitcoins  3 ปีที่แล้ว +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 - th-cam.com/video/jxLkbJozKbY/w-d-xo.html
    👉 Bitcoin Trading fo Beginners - th-cam.com/video/c7VH96My_3I/w-d-xo.html
    👉 What is Blockchain Technology - th-cam.com/video/2yJqjTiwpxM/w-d-xo.html
    👉 What is DeFI - th-cam.com/video/btB__oHQ0sU/w-d-xo.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 ปีที่แล้ว +1

      Thanks so much!

    • @donvicanto
      @donvicanto 3 ปีที่แล้ว +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 ปีที่แล้ว

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

    • @nellydemirjyan56
      @nellydemirjyan56 3 ปีที่แล้ว

      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 ปีที่แล้ว

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

  • @rayreyes8497
    @rayreyes8497 3 ปีที่แล้ว +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 ปีที่แล้ว

      @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 ปีที่แล้ว

      @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 ปีที่แล้ว

      @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 2 ปีที่แล้ว +5

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

  • @emanuelduro4691
    @emanuelduro4691 2 ปีที่แล้ว +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 ปีที่แล้ว +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 2 ปีที่แล้ว

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

  • @JanBruunAndersen
    @JanBruunAndersen 3 ปีที่แล้ว +15

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

  • @alaad1009
    @alaad1009 3 ปีที่แล้ว +13

    You're the OG!

  • @seymourbuhtts979
    @seymourbuhtts979 3 ปีที่แล้ว +9

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

  • @alekseigerasimov9073
    @alekseigerasimov9073 3 ปีที่แล้ว +4

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

  • @hughw.
    @hughw. 2 ปีที่แล้ว

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

  • @parttimelarry
    @parttimelarry 3 ปีที่แล้ว +1

    Beautifully explained, thank you!

  • @faithandhope7133
    @faithandhope7133 3 ปีที่แล้ว +4

    Thank you. Please keep the information coming.

  • @kevin9989
    @kevin9989 2 ปีที่แล้ว

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

  • @shawnkerr5003
    @shawnkerr5003 3 ปีที่แล้ว +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!!!!

  • @textsmsmaster9884
    @textsmsmaster9884 3 ปีที่แล้ว +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"

  • @deepthinker3684
    @deepthinker3684 3 ปีที่แล้ว +1

    Thanks for the clear explanation on Uniswasp

  • @zalida100
    @zalida100 3 ปีที่แล้ว +3

    Great vid nate - thanks

  • @plargyle
    @plargyle หลายเดือนก่อน

    Thanks for highlighting the importance of security in crypto transactions.

  • @seancurran2226
    @seancurran2226 3 ปีที่แล้ว +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

  • @AlexLee-lm7mc
    @AlexLee-lm7mc 3 ปีที่แล้ว +1

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

  • @missedcall4969
    @missedcall4969 3 ปีที่แล้ว

    You are the definition of crypto genius

  • @gbenrobello2487
    @gbenrobello2487 3 ปีที่แล้ว +1

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

  • @davidtetteh86
    @davidtetteh86 3 ปีที่แล้ว +1

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

  • @GatormanEsquire
    @GatormanEsquire 3 ปีที่แล้ว +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

  • @holodeckdragon8876
    @holodeckdragon8876 3 ปีที่แล้ว +2

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

  • @patrickevans4396
    @patrickevans4396 3 ปีที่แล้ว +2

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

  • @nobodyimportant5485
    @nobodyimportant5485 3 ปีที่แล้ว +12

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

  • @filohg
    @filohg 3 ปีที่แล้ว +9

    Natan, you’re the man!

  • @davidderidder2667
    @davidderidder2667 3 ปีที่แล้ว +1

    Much appreciated Nate. Superb explainer👍🏽

  • @redlobbster
    @redlobbster 3 ปีที่แล้ว

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

  • @MarianDj
    @MarianDj 3 ปีที่แล้ว

    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!!!

  • @gooooblaster1800
    @gooooblaster1800 2 ปีที่แล้ว

    Needed this video. Thanks youre a godsend

  • @priyeshsingh9094
    @priyeshsingh9094 3 ปีที่แล้ว +4

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

  • @DaTrollerSkate
    @DaTrollerSkate 3 ปีที่แล้ว +2

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

  • @LumocolorARTnr1319
    @LumocolorARTnr1319 2 ปีที่แล้ว

    Very informative. I will send this to friends.

  • @Jmhfl7
    @Jmhfl7 3 ปีที่แล้ว +1

    Thank you for the GREAT video!

  • @aiddos
    @aiddos 3 ปีที่แล้ว +2

    Very insightful

  • @bloodbound696
    @bloodbound696 3 ปีที่แล้ว +2

    My goodness that was amazing

  • @olemakpadu1547
    @olemakpadu1547 3 ปีที่แล้ว +1

    Thanks for the explanation.

  • @jburnsey88
    @jburnsey88 3 ปีที่แล้ว

    Very hopeful for Uniswap

  • @johanfick3932
    @johanfick3932 3 ปีที่แล้ว +1

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

  • @ETFAnalyzer
    @ETFAnalyzer 3 ปีที่แล้ว +1

    Beyond excellent explanation! Thank you very much.

  • @lorimast
    @lorimast 3 ปีที่แล้ว +1

    I love the outtakes. 😀

    • @lorimast
      @lorimast 3 ปีที่แล้ว

      @kenny blue spammer.

  • @Audrey-fo2ic
    @Audrey-fo2ic 3 ปีที่แล้ว +1

    Wow this is amazing! Thanks!

  • @RuthEgwenue
    @RuthEgwenue หลายเดือนก่อน

    Thanks for the explanation on this video

  • @nagatoshi4597
    @nagatoshi4597 3 ปีที่แล้ว +1

    Great short intelligible explanation.

  • @antdeeziak9057
    @antdeeziak9057 3 ปีที่แล้ว

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

  • @angrycoin3567
    @angrycoin3567 3 ปีที่แล้ว +2

    very good content!

  • @arouraios4942
    @arouraios4942 3 ปีที่แล้ว +1

    Great Video! Thanks a lot!

  • @mac3025
    @mac3025 3 ปีที่แล้ว

    Uniswap looking like it'll make a strong rally today

  • @nasaos8571
    @nasaos8571 3 ปีที่แล้ว +1

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

  • @lachygordon506
    @lachygordon506 3 ปีที่แล้ว

    Legend thanks dude!

  • @leonardoarroyoserrano2082
    @leonardoarroyoserrano2082 3 ปีที่แล้ว

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

  • @samb6376
    @samb6376 3 ปีที่แล้ว

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

  • @monoto8272
    @monoto8272 3 ปีที่แล้ว

    Thank you so much! You made it so easy.

  • @PeaceChanel
    @PeaceChanel 3 ปีที่แล้ว

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

  • @HammadKhanYT
    @HammadKhanYT 3 ปีที่แล้ว

    Wow Amazing explanation as always.

  • @stasinossofroniou7430
    @stasinossofroniou7430 3 ปีที่แล้ว +1

    Thank you for this!!!!

  • @alik1059
    @alik1059 3 ปีที่แล้ว

    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?

  • @paradaphunchuai2404
    @paradaphunchuai2404 2 ปีที่แล้ว

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

  • @cyborg6294
    @cyborg6294 3 ปีที่แล้ว

    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.

  • @trueinfo402
    @trueinfo402 3 ปีที่แล้ว +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 !

  • @md.imranmia7857
    @md.imranmia7857 2 ปีที่แล้ว +1

    Nice,thank you

  • @therealjackfisher
    @therealjackfisher 2 ปีที่แล้ว

    That's exactly what I needed.

  • @unathorizedbargain8862
    @unathorizedbargain8862 3 ปีที่แล้ว

    Baby uni 🚀 🌙

  • @vipinchaudhary7099
    @vipinchaudhary7099 3 ปีที่แล้ว

    Awesome video and nicely explained

  • @dzcryptominerz542
    @dzcryptominerz542 3 ปีที่แล้ว

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

  • @owoene9106
    @owoene9106 3 ปีที่แล้ว

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

  • @neilbeenraw8549
    @neilbeenraw8549 3 ปีที่แล้ว

    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.

  • @samuelennin630
    @samuelennin630 3 ปีที่แล้ว

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

  • @sbonisomdlalose4339
    @sbonisomdlalose4339 2 ปีที่แล้ว

    Excellent

  • @KombatFlix
    @KombatFlix 2 ปีที่แล้ว

    🔥🔥

  • @Bryan-eg7si
    @Bryan-eg7si 3 ปีที่แล้ว +1

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

  • @Bonez0r
    @Bonez0r 3 ปีที่แล้ว

    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.

  • @michaelhinchey
    @michaelhinchey 3 ปีที่แล้ว

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

  • @HasanSattarr
    @HasanSattarr 3 ปีที่แล้ว

    Very nice information

  • @markanderson1228
    @markanderson1228 3 ปีที่แล้ว

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

  • @Yewbzee
    @Yewbzee 3 ปีที่แล้ว

    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.

  • @isurumeegahathenna862
    @isurumeegahathenna862 3 ปีที่แล้ว

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

  • @igcheetosandmojitos5081
    @igcheetosandmojitos5081 ปีที่แล้ว +1

    Can you swap bitcoin on uniswap?

    • @99Bitcoins
      @99Bitcoins  ปีที่แล้ว +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).

  • @Jammie-f4i
    @Jammie-f4i 3 หลายเดือนก่อน

    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?

  • @fr8tv4
    @fr8tv4 3 ปีที่แล้ว

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

  • @isaaccanales9327
    @isaaccanales9327 3 ปีที่แล้ว

    Good info!

  • @normanoman7098
    @normanoman7098 3 ปีที่แล้ว

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

    • @AMM-ws5tz
      @AMM-ws5tz 2 ปีที่แล้ว

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

  • @siddhantjajoo3136
    @siddhantjajoo3136 3 ปีที่แล้ว +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?

  • @venkatsubramanian8343
    @venkatsubramanian8343 3 ปีที่แล้ว

    Awesome 👏

  • @rbd5868
    @rbd5868 3 ปีที่แล้ว +1

    Could you also do a video about pancake swap

  • @prashantthakuri6074
    @prashantthakuri6074 3 ปีที่แล้ว +1

    Make video on Solana.....thank you

  • @sportschannel6235
    @sportschannel6235 3 ปีที่แล้ว

    How to trust wallet to uniswap pay and sell

  • @user-wr4yl7tx3w
    @user-wr4yl7tx3w 2 ปีที่แล้ว

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

  • @itsGuy
    @itsGuy 3 ปีที่แล้ว

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

  • @johnjakobs1848
    @johnjakobs1848 3 ปีที่แล้ว

    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!

  • @user-or7ji5hv8y
    @user-or7ji5hv8y 3 ปีที่แล้ว

    Does the gas fees impact trading?

  • @felixtangan8134
    @felixtangan8134 3 ปีที่แล้ว

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

  • @LauraTurner-i3r
    @LauraTurner-i3r 3 หลายเดือนก่อน

    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?

  • @clintbryan6658
    @clintbryan6658 3 ปีที่แล้ว

    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

  • @plot-cadimpressoes2964
    @plot-cadimpressoes2964 2 ปีที่แล้ว

    Everything works, especially free, use until it is too late!

  • @sandrakenneth9892
    @sandrakenneth9892 3 ปีที่แล้ว +5

    I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

  • @MulugetaHaro
    @MulugetaHaro 2 หลายเดือนก่อน

    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? 🤔

  • @gondwanaland9
    @gondwanaland9 3 ปีที่แล้ว

    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?