FAQ
Short answers. For depth, open Guides.
Is Uniswap an exchange?
It’s best described as a protocol. The web app is one interface to interact with smart contracts. You sign transactions with your wallet.
Why does my swap fail?
Common causes: not enough gas, slippage too low, missing approval, wrong network, or a problematic token (tax/restrictions).
What is impermanent loss?
It’s underperformance vs holding when prices diverge. Fees may offset it, but not always.
Is embedding an iframe safe?
It’s a supported way to embed the official UI, but safety still depends on domain trust and user behavior. Never share seed phrases.
Do I need UNI to use Uniswap?
No. You can swap tokens without UNI. UNI is a governance token; you may need the network’s native token for gas fees.
More questions
Do I need UNI to use Uniswap?
No. UNI is a governance token. For swaps you usually only need the network’s native token to pay gas, plus the tokens you want to trade.
What is “minimum received”?
It’s the lowest output you’re willing to accept after slippage. If the market moves too far, the transaction reverts instead of giving you a worse price.
Why are there different fee tiers?
Different pairs have different volatility. Higher volatility pairs often use higher fee tiers to compensate liquidity providers, while stable pairs can work with lower fees.
Can I lose money from a failed transaction?
Yes. If the transaction executes and then reverts, you still pay gas. The swap itself doesn’t happen, but network fees are consumed.
What are approvals and why do they appear?
Approvals allow a contract to move your ERC‑20 tokens. The first time you swap a token, you often need to approve it. Prefer smaller approval limits when possible.
Is an iframe swap safe?
The iframe loads the official Uniswap interface, but safety still depends on you: verify token addresses, check the network, and never sign transactions you don’t understand.