How to Buy Pikamoon PIKA on Uniswap

Notable for its strong liquidity for Ethereum-based tokens, the world’s largest decentralized crypto exchange (DEX) Uniswap is an obvious choice for acquiring Pikamoon’s native token, $PIKA.

In this article, you’ll find a comprehensive, step-by-step guide on how to buy PIKA on Uniswap…from setting up your wallet, to funding and swapping, we cover all the information you need before joining PIKA Army.

How to Buy Pikamoon (PIKA) on Uniswap

In order to purchase PIKA on Uniswap, follow the step-by-step tutorial below. For your convenience, we have broken down the entire process into three parts. 

Part 1: Creating Your Uniswap Account

NOTE: If you already have a Uniswap account, you can skip this section and proceed to Part 2. 

1. Download the Uniswap App from the official website. 
2. Launch the app and click on ‘Create a new wallet’.

3. Next, choose a unique username. 

4. Finish setting up your account by creating a backup password and setting up biometrics. 

Once your account has been created, you are now ready to add funds and purchase PIKA. Read on to find out how…

Part 2: Fund Your Uniswap Account

As seen in the screenshot below, Uniswap gives you two options when funding your account. 

As per the image, you can either buy crypto with a debit card/bank account, or transfer crypto from another wallet. Here, proceed to fund your Uniswap account as per your preference.  

Part 3: Swap Crypto For Pikamoon (PIKA)

Finally, you have to swap your purchased or transferred cryptocurrency for PIKA. To do this, follow the steps below. 

1. On the Uniswap account page, click the purple Swap button in the bottom right corner.

2. Select the amount of PIKA tokens you wish to purchase. 

3. Adjust Slippage Tolerance by clicking on the settings icon in the top right corner. 

Here, slippage tolerance accounts for potential price changes during the transaction. A common setting is between 0.5% and 1%, as seen in the screenshot below. 

4. Next, review before swapping your crypto for PIKA. 

NOTE: As PIKA is built on Ethereum, check gas fees (transaction fees) and ensure you have enough ETH to cover them. Gas fees can vary based on network congestion, meaning you can use tools like ETH Gas Tracker to estimate current gas fees and set appropriate gas limits.

5. Finally, tap on the “Swap” button to initiate the transaction. Your wallet will prompt you to confirm the transaction, so take this time to review its details before approving the transaction.

Why Use Uniswap to Buy Pikamoon (PIKA)?

Here’s why Uniswap is a great choice for purchasing PIKA: 

1. High Liquidity

As mentioned in the intro, Uniswap is notable for its high liquidity pools. This means that buying and selling PIKA can be done quickly and efficiently, and without significant price impacts. 

Fun Fact: In 2021, Uniswap’s liquidity surpassed $10 billion, making it one of the most liquid DEXs available.

2. User-Friendly Interface

The platform’s intuitive design makes it easy for both beginners and experienced traders to navigate and perform transactions. As previously explained, this includes Uniswap’s straightforward swap feature, which allows for quick token exchanges with just a few clicks.

3. No Registration Required

Unlike centralized exchanges, Uniswap does not require account registration, which means there’s no need to share your email address or phone numbers, as you can trade directly from your crypto wallet.

4. Extensive Token Selection

Uniswap supports a vast array of tokens, including PIKA of course. This wide selection allows users to easily diversify their portfolios, as well as swap a variety of tokens for PIKA. 

5. Immediate Transactions

Transactions on Uniswap are generally completed quickly, thanks to the platform’s efficient use of Ethereum’s network. For example, during periods of high network activity, Uniswap’s Layer 2 solution, Optimism, helps maintain fast transaction speeds with lower fees.

Best Practices For Secure Transactions on Uniswap

1. Verify Uniswap URLs

Always double-check URLs to ensure you are on the official Uniswap site…which for clarity, is; https://uniswap.org/. Phishing sites may often mimic the appearance of this legitimate address in order to steal your information.

2. Use a Secure Internet Connection

Avoid using public WiFi for transactions. Instead, use a secure, private internet connection (such as a home network) to minimize the risk of interception by malicious actors.

3. Enable Biometric Verification on Uniswap

Uniswap supports biometric verification. Enable it for an extra layer of security, as this can help prevent unauthorized access to your wallet.

4. Keep the Uniswap App Updated

Regularly update your Uniswap app to the latest versions. Updates often include critical security patches.

5. Use Hardware Wallets for Large Holdings

For large amounts of PIKA or any other cryptocurrencies, consider using a hardware wallet like Ledger or Trezor for storage purposes. Hardware wallets store your private keys offline, significantly reducing the risk of hacking.

For instance, during high-profile hacks, users with hardware wallets like Ledger usually remain unaffected because their private keys are not exposed online.

6. Double-Check Transaction Details

Before confirming any transaction, double-check the recipient address, the amount of ETH/PIKA being transacted, and the gas fees. This helps avoid mistakes and ensures you are sending funds to the correct address.

Pro Advice: Copying and pasting addresses can sometimes include hidden characters. Always verify the address matches exactly before confirming, otherwise you may lose your funds forever. 

7. Monitor Transactions with Etherscan

After initiating a swap on Uniswap, copy the transaction hash provided by your wallet and paste it into Etherscan to track its progress. Etherscan provides real-time updates and detailed information about your transaction.

How to Buy Pikamoon PIKA on Uniswap – FAQs

What should I do if my PIKA transaction fails on Uniswap?

If your transaction fails, try the following:

1. Check your gas fees: Insufficient gas fees can cause failures. Use tools like ETH Gas Station to determine appropriate gas fees.
2. Verify the slippage tolerance: Increase the slippage tolerance slightly to account for price volatility.
3. Retry the transaction: After adjusting gas fees and slippage, retry the transaction.

Are there other exchanges where I can buy Pikamoon (PIKA)?

Yes, besides Uniswap, Pikamoon (PIKA) is also available on Bitget, MEXC and BitMart.

What fees will I incur when buying PIKA on Uniswap?

There are two main types of fees you may incur on Uniswap. 

1. Network (Gas) Fees: Paid to miners for processing transactions on the Ethereum network. These vary based on network congestion.
2. Uniswap Liquidity Provider Fee: Typically 0.3% of the transaction amount. This fee goes to liquidity providers.

How can I get help if I encounter issues with Uniswap or PIKA?

For Uniswap issues:

1. Visit the Uniswap Help Center.
2. Join the Uniswap Discord for community support.

For PIKA-related issues:

1. Check the Pikamoon official website for contact information.
2. Engage with the Pikamoon community on official social media channels or forums, such as Telegram, Discord, or X.

Is there a minimum amount of Pikamoon (PIKA) that I need to buy on Uniswap?

Not really, as Uniswap does not enforce a minimum purchase amount for PIKA. However, small transactions might be inefficient due to gas fees, meaning it’s advisable to check current gas fees and decide on an amount that justifies the transaction costs.

How can I stake PIKA on Uniswap?

You can’t. PIKA staking is not available on Uniswap, however you can stake PIKA on Pikamoon’s very own PIKA HUB – i.e. the digital home for all PIKA-related activities.