It is not only about how to trade on Uniswap that matters, there are mistakes that people can make on the exchange. To know more about Uniswap exchange, this will be helpful https://www.google.com/amp/s/boxmining.com/uniswap-review-tutorial/%3famp.


Fake coins: Anyone can list their tokens on Uniswap, so there are people out there who list fake coins on Uniswap in the hopes of being able to scam people into sending their funds for these coins. So Uniswap users need to be extra careful in this respect- see our section below on identifying and avoiding fake coins on Uniswap which teaches you how to double-check you are sending funds to the correct transaction.

Fake coins on Uniswap: How to identify and avoid them
Because any coin can be added to Uniswap, there are lots of scam or fake coins on the Exchange. Cryptocurrency transactions are irreversible, so if you accidentally send your funds to buy these scam coins or tokens you will not be refunded. The logo and ticker of these fake coins can look exactly like the real ones, so you need to be careful.

You can verify if the coin or token is real by checking it on Coingecko. To do this, look up the coin or token you want to exchange to on Coingecko, at the bottom of the page find and click on the trading pair for Uniswap (see image on left). You will then automatically be taken back to Uniswap and the token will have been imported (see image on right).


Import token on Uniswap


Another way to verify that the token is genuine is to check it on Etherscan (see below). Again on Coingecko, find the token and click on the etherscan.io explorer. On the Etherscan window, you will be able to see the contract number for the token. Match this contract number with the number in the address bar in your web browser for Uniswap.


Check the token number on Etherscan against the number in your Uniswap browser.

Warning: Do NOT search for the token or its address on Etherscan. Always link to Etherscan via Coingecko or the project’s official website. This is because Etherscan itself lets you search for all tokens and transactions on the blockchain, including the fake ones.

Wallets that are supported for now
Uniswap allows users to connect directly to their Exchange, the following wallets are supported: MetaMask, WalletConnect, Coinbase Wallet, Fortmatic and Portis. I will prefer Mastermask wallet because it is non-custodail wallet type.

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Exposition: we've all heard of google, facebook and other tech giants collecting and selling end user data. There have been many eras in human history. Bronze, iron and industrial ages. Some refer to the current era as an information age. An era where information and data can be as valuable and coveted as bronze, industrialization or gold in previous eras. Retailers and big business utilize collected data to build better businesses and gain advantages over business rivals and consumers.

Question: could there be a market for crypto currencies which focus on client side data mining, which work to the benefit and advantage of consumers. A market which might be undervalued and neglected atm.

Implementation: a working model of this could be defined by a blockchain and social media platform built around sharing and validating financial data in the form of purchases, investments and transactions inside of a public ledger. Sharing of client side information could help consumers to find the best investments, sales and deals. With the best information sharers being rewarded with crypto.

Marketing pitch:  imagine if you could see every financial transaction and investment move made by Warren Buffett. Imagine if all of that data were shared and verified by a blockchain on a volunteer basis. In theory it could help consumers to learn better spending and saving habits. Perhaps manage their finances more like the pros. Could it help consumers to coordinate and cooperate to find better business deals and spending habits. Which could nullify advantages big tech and big business have with data mining schemes.

There is so much hype about the Taproot and Schnorr signatures and I hope that those changes will bring a lot of new members into the Bitcoin community,by making Bitcoin Core more private and secure.

End to end encryption itself a biggest lie, or a marketing gimmick because it has been found that end to encrypted calls and chats can be accessed without need of decrypt and can read what has been inside so we are not having any privacy at all when it comes to social media.

If I understood your question correctly then you are looking for the way to purchase BTC quickly whenever you see significant drop, right? Why not purchase USDT or any other stablecoin whose value is pegged to USD with bank transfer beforehand and keep those on your private ETH/TRON/BEP2/OMNI address, whichever chain you choose. Send those back to any Crypto-2-Crypto exchange and buy BTC in few minutes.

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“A major problem faced by these credit unions or cooperatives is a constant devaluation of the currency, because most of the time our economy is unstable,” Xend founder and CEO Aronu Ugochukwu told CoinDesk in an interview.

Hmm.. Are you pretty much just asking us for suggestions on what coins to invest in? Not too subtle.  

Anyway, I personally wouldn't suggest investing in any cryptocurrency unless you actually know what they're for. Yes, I wouldn't even suggest bitcoin. Because if a certain person actually does the research and thinks a certain asset in general is a good investment, he/she probably wouldn't need to ask questions about it. Because if you want to be a good investor, you'd need to do your own homework.

Most of you traders are familiar with USDT, also known as Tether. It is meant to be a stablecoin that is backed 1:1 to the US dollar, but in practice, USDT is usually a few pennies higher or lower than the dollar. I will explain why this is a problem.


The way you're supposed to use Tether is to buy it on exchanges when you want to hedge against bitcoin or some other crypto. Tether has no community blockchain and thus, there is no wallet software for it. It is strictly intended for trading purposes.

I mentioned that USDT's price is not exactly equivalent to the dollar's, and it's a few cents off. So, if you trade the BTC equivalent of $100 to USDT, it will be a few dollars off, say $103. The problem comes when you trade tens of thousands worth of BTC with it. Suddenly, some of your balance is artificially lowered (or raised, if Tether drops below $1), when you have expected it to give you the equivalent in US dollars. In this example you lose about a few hundred in dollars trading BTC to USDT.

And I said it's a problem, because people and whales are trading with such large amounts all the time. So now there is a bunch of BTC floating around in people's trading accounts, that should not exist (or the lack of it that should've existed) but is sent/received anyway by exchanges because of imprecise Tether prices. That is a prime example of manipulation.

I estimate there is a deficit of millions of dollars worth of BTC in exchanges' liquidity because of this error. Tether is bought more than it's sold, if thar wasn't true there would be more sellers than buyers and it wouldn't be used by many people.


All USDT tokens made by Tether are supposed to be backed by the same amount of dollars, which is what Tether claims is the case but when asked for proof, they can't prove it. This is very sketchy behavior from a company that's supposed to be managing a stablecoin.

They actually only have three fourths of their tokens backed by dollars. The rest are backed by nothing, so you are now at the mercy of Tether's ability to correct USDT with respect to the dollar so that your tokens don't suddenly become worthless. And I already demonstrated they do a bad job at that.

As if that wasn't bad enough, what if I told you that some of the reserves they do have are being invested in bitcoin? Reserves should never be based off of volatile currency, does Tether think bitcoin's going to go on a big rally and they can cash it all out to get some liquidity? (No. They can't do that, because if they did, it would immediately trigger a collapse in BTC price. Market manipulation in fine.) We do not know what percentage of their actual reserves, or even their alleged reserves, are hedged in bitcoin, but however much it is, Bitcoin recently crashed to a little more than 5/6ths of its value, from almost $12K, to just over $10K. A lot of reserves have been lost to that.

They also have a different percentage of their reserves backed by loans to other companies, and there have been several cases of institutions failing to pay back their loans, and if Tether runs out of money and defaults, that portion of their reserves will lose a lot of value.

Tether doesn't even have anyone auditing its token anymore, so don't count on the reserves to bail you out of a Tether disaster. Tether has no governmental insurance to save its value if it collapses, there are only its alleged reserves protecting it.


You'd expect an independent company to be issuing USDT. Instead, one of the largest exchanges in the world, also happens to own the biggest stablecoin. Talk about control. There is nothing stopping Bitfinex from using Tether to inflate its trading volume, which if too big, will be bad for all bitcoin traders, especially Bitfinex users.

Can we trust Bitfinex? The answer is no, just like any other exchange. You are supposed to verify that exchanges don't engage in this shady behavior, and since you usually can't, the next best solution is to hold Tether only for short periods to evade fluctuations. Besides, Bitfinex was hacked before, so what if Tether and Bitfinex share the same vulnerable code for their platform?


If Tether goes bust, it's going to knock down the Bitcoin price with it because the BTC-USDT trading pair is the largest traded pair ever. People can't trade back to their equivalent amount in BTC, exchanges will suddenly be left with a surplus of Bitcoin, and such a concentrated amount will bring it down to say half its price or something. It can't completely destroy the price, but it has the potential to make a 2018-style crash.

Tether has tied Bitcoin's fate to it, like a spider ties up its prey. A mishap at Tether has the potential to make people leave Bitcoin, a mishap we must not allow to happen. Though as individual traders there is not much we ourselves can do to sway the pendulum.

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Sources:
https://thenextweb.com/hardfork/2019/08/08/another-reason-tether-terrible-300-entities-control-80-percent/
https://www.exodus.io/blog/is-usdt-safe/
https://en.wikipedia.org/wiki/Tether_(cryptocurrency)