Transak Powers Easy DeFi Entry for Users with Uniswap Partnership

01 Jul 2024

Blog Cover_ Transak X Uniswap (2)

Transak, a leading web3 payments infrastructure provider, today announced a ‘much-awaited-by-community’ partnership with Uniswap Labs, the creator of a prominent self-custodial cryptocurrency wallet. This collaboration empowers users with a smooth and intuitive on-ramp experience, simplifying their entry point into decentralized finance (DeFi).

The Uniswap Wallet provides users with direct and safe access to the Uniswap Protocol, which is the largest decentralized exchange (DEX) and has processed  more than $2 trillion in lifetime volume. Uniswap Wallet users can leverage the protocol’s liquidity to swap thousands of tokens

However, users still face tremendous barriers when attempting to directly access DeFi platforms and this partnership with Uniswap Labs expands direct-to-DeFi onramp options. Too often, navigating the DeFi ecosystem can involve complex steps, requiring users to juggle multiple accounts and platforms, and acquire crypto from centralized platforms – far from a smooth onboarding process. 

This partnership between Transak and Uniswap helps to cut through the red tape and empower users with the opportunity to seamlessly purchase crypto directly through the Uniswap Wallet with a vast array of global and local payment methods powered by Transak.

“Our goal is to make DeFi accessible to everyone,” said Mary Catherine Lader, Chief Operating Officer of Uniswap Labs. “Our partnership with Transak expands our ability to ensure a user-friendly onboarding experience that welcomes newcomers into the world of decentralized finance.”

"We believe that DeFi is revolutionary and every day we try to make it easier for newcomers to use it," said Mary-Catherine Lader, Chief Operating Officer of Uniswap Labs. "Sometimes onboarding can feel overwhelming, so we're excited to partner with Transak and create yet another onramp that makes the process seamless."

On Uniswap, Transak's robust infrastructure provides support for tokens on 5 networks across 169+ countries. This integration ensures a frictionless experience for Uniswap Wallet users worldwide. They can choose from a diverse range of payment options, including popular choices like Apple Pay, Google Pay, credit/debit cards, alongside 20+ localized payment methods, catering to specific regional preferences.

Now, users can enter DeFi with their government issued currency via Transak and get exposure to over 1,900 trading pairs on Uniswap almost instantly.

“We are thrilled to join forces with Uniswap Wallet to streamline the DeFi journey for users on a global scale,” said Sami Start, CEO & Co-founder of Transak. “This integration aligns perfectly with our mission of fostering a more accessible and inclusive financial ecosystem, empowering everyone to participate in the Web3 revolution.”

How to Buy Crypto on Uniswap Wallet with Transak

1. Download and Set Up

Visit and download the Uniswap Wallet for your iOS or Android device. Follow the on-screen prompts to create a new wallet or import an existing one.

Important: Securely store your seed phrase/recovery phrase! This is your only way to recover your wallet.

2. Select the Buy Option

If your wallet is new, you'll likely see a "Buy crypto with card" option directly.

Alternatively, look for the "Credit Card" icon or glyph at the top of your wallet interface. Tap on this.

3. Check Your Region and Enter Amount

On the top right, verify your country is correctly displayed.

Here, you can enter the amount of crypto you'd like to purchase and tap "Continue".

4. Select Transak

Now, you will see a list of on-ramp providers.

Select "Transak" and proceed.

5. Complete the Purchase with Transak

Follow the instructions provided by Transak. This includes providing your payment information (credit/debit card, etc.) and potentially some basic verification details depending on your purchasing amount and region.

After confirming your purchase, wait for the blockchain network to confirm the transaction.

6. Swap, Trade, or Hold!

Your newly purchased crypto will automatically appear in your Uniswap Wallet. You're now ready to:

  • Swap for over 1,000+ other tokens directly on Uniswap.
  • Buy NFTs with your wallet on other marketplaces.
  • Interact with other DeFi applications.

About the Author:

Transak Team