Uniswap
Uniswap is the largest decentralized exchange (DEX) on Ethereum and compatible chains, enabling non-custodial token swaps via an automated market maker without account sign-up.
Key facts
- Trading platforms
- WebUniswap Wallet (Mobile)Browser Extension
- Account types
- Non-custodial (self-custody wallet)
- Instruments
- Token SwapsLiquidity Provision
- Deposit & withdrawal
- Crypto (self-custody wallet)
- Features
- Accepts IraniansPersian supportIslamic accountCopy tradingDemo account
Score breakdown
Each criterion is rated 0–5 by our editorial team.
- Trust & Regulation4.2
- Fees & Costs3.9
- Platform & UX4.4
- Deposit & Withdrawal3.2
- Support3.0
- Features & Range3.8
Full review
Uniswap was launched on Ethereum in November 2018 by Hayden Adams, and New York-based Uniswap Labs develops its interface and software. The protocol uses an automated market maker (AMM) model and runs on Ethereum and many networks such as Arbitrum, Base, Polygon and BNB Chain.
As a decentralized protocol, Uniswap holds no exchange licence and does not custody user funds; users connect a self-custody wallet and keep control of their keys. Governance is via the UNI token. In February 2025 the US SEC closed its investigation into Uniswap Labs without enforcement action.
Each pool charges a fee tier of 0.01%, 0.05%, 0.30% or 1%, paid to liquidity providers, plus network gas. Users can earn fees by providing liquidity but face risks such as impermanent loss, slippage and fake tokens.
Only a crypto wallet and assets on a supported chain are needed. The Uniswap Labs web interface may restrict certain addresses or sanctioned regions, while the protocol's smart contracts remain publicly accessible on-chain.
Last updated: Oct 6, 2026
Pros & cons
- Non-custodial; users keep control
- No sign-up or KYC
- Multi-chain support
- Access to a wide range of tokens
- Earn fees by providing liquidity
- Ethereum mainnet gas can be expensive
- Risk of fake/scam tokens
- Impermanent loss for LPs
- No direct fiat support
- No traditional customer support
Licences & regulation
Tier 1 means the strictest oversight.
User reviews
- 5 stars0
- 4 stars0
- 3 stars0
- 2 stars0
- 1 stars0
Similar options
PerpX is a sample international exchange listing 846+ coins.
Binance, launched in 2017, is the world's largest crypto exchange by trading volume, offering spot, futures and a wide range of earn products.
OKX (formerly OKEx) is a major global exchange offering spot and derivatives plus a widely used Web3 wallet, with licences in the EU, Dubai and Singapore.
Founded in 2018, Bybit grew into one of the largest exchanges with a derivatives focus; it holds an Austrian MiCA licence and is headquartered in Dubai.