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Home » Blog » Ubeswap.org Exchange Review: Ubeswap Is Safe & Secure Exchange
Best Decentralized Exchange List 2025

Ubeswap.org Exchange Review: Ubeswap Is Safe & Secure Exchange

Cws Team
Last updated: 12/07/2021 6:55 AM
Cws Team
4 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Ubeswap.org Exchange Review: Ubeswap Is Safe & Secure Exchange
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About Ubeswap Exchange

Ubeswap Exchange is a decentralized automated market maker exchange on the Celo blockchain. Ubeswap is a decentralized exchange and automated market maker protocol for Celo assets. Ubeswap is based on elements from Uniswap, Sushiswap, Synthetix, and Compound. This is to ensure that the Ubeswap ecosystem can support as many existing tools and projects from the Ethereum ecosystem as possible.

Contents
  • About Ubeswap Exchange
    • Operating Company 
    • How To  Start With Ubeswap
    • Top Tokens
    • Mission
    • Ubeswap is a Decentralized Exchange
    • Swapping Tokens
    • MetaMask support
    • Security
    • Disclaimer:

Operating Company 

Exchange NameUbeswap
Support24/7
LanguageEnglish
Deposit FeeFree
Fees$388.12 
Celo Price$2.89
Official SiteHomepage

How To  Start With Ubeswap

To Start Trading With Ubeswap Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Ubeswap Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

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Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Ubeswap Exchange.

Top Tokens

Ubeswap.org Exchange Review: Ubeswap Is Safe & Secure Exchange

Mission

Ubeswap’s goal is to increase liquidity on Celo. They envision a world where anyone can trade any asset from their phone or browser, without having to rely on decades-old clearinghouse technology or other centralized systems. This is only possible if people can invest in good assets. Ubeswap seeks to bring in liquidity from all of DeFi by harnessing the fast transaction times, high block gas limit, and stablecoin system of Celo.

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Ubeswap is a Decentralized Exchange

Ubeswap Exchange is a decentralized exchange, meaning that you can directly interact with the exchange using a wallet whose private keys you control. They currently support three wallets:

  • Valora, a mobile wallet developed by Celo Labs
  • Ledger, a hardware wallet, and
  • Celo Extension Wallet, a desktop Chrome extension.

First, connect your wallet using one of the following guides:

  • Valora (mobile)
  • Ledger (desktop)
  • Celo Extension Wallet (desktop)

In this tutorial, we’ll show you how to use Ubeswap to exchange tokens and provide liquidity

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Swapping Tokens

Ubeswap allows you to swap between any two tokens, granted an Ubeswap pair between those two tokens exist. Let’s say you have cUSD and want to swap it for CELO.

  • On the interface, select the tokens you want to exchange from (cUSD) and to (CELO)
  • Enter a quantity of cUSD to swap from. This quantity should be more than 0 but less than your maximum balance
  • Click Approve cUSD and accept the transaction on your wallet
  • Tip: Approving means you grant the Ubeswap smart contract permission to spend your cUSD tokens. Ubeswap will never spend your cUSD without your explicit permission to swap

Once the approval has succeeded, you can click Swap to perform the swap between cUSD and CELO. Again, accept the transaction on your wallet.

Congrats! You just swapped cUSD for CELO.

MetaMask support

Ubeswap Exchange Support for MetaMask is expected to go live in Q3 2021. This relies on Celo’s Donut hardfork to go live, since Celo’s transaction format is currently different from Ethereum’s.

Security

Security is the highest priority. The team has created a protocol that we believe is safe and dependable, and is audited by Bramah.systems. The protocol largely reuses code from Synthetix, Uniswap, Sushiswap, and Compound whenever possible. All smart contract code is publicly verifiable via Sourcify.

Ubeswap Exchange encourage the users to be mindful of risk and only use funds they can afford to lose. Smart contracts are still new and experimental technology. They want to remind our users to be optimistic about innovation while remaining cautious about where they put their money.

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment into any online program with money you aren’t prepared to lose. Make sure to research about the website.So Please take care of your investments. and be in the safety site and avoid much losing online.

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One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies. Verna Is team Members of 9 People
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