What is UniSwap (UNI)?
Uniswap is a decentralized finance protocol used to exchange cryptocurrencies. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
UniSwap is an automated market maker, meaning that it allows users to trade cryptocurrency tokens, but there are no central authorities managing the trades. Instead, UniSwap automatically sets prices using mathematical formulas.
UNI is an Ethereum token that powers Uniswap. UNI holders can use the token to fund liquidity mining pools, grants, partnerships, and more. Learn more
How to Deposit UNI Into Your Coinmetro Account
For all information on how to deposit UNI into your Coinmetro account, please see the following help center article:
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As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
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How to Withdraw UNI From Your Coinmetro Account
For all information on how to withdraw UNI from your Coinmetro account, please see the following help center article:
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Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.