4 Reason Why your trade fails on Uniswap

By Ishfaq_Khan | Crypto Analyzer Pro | 23 Oct 2023


Before another one of your trades fail on UNISWAP, you have to read this post. So the first reason why your trade might have failed on Uniswap is because there is actually a transaction deadline. There is a 30 minute window for your transaction to take place.And UNISWAP does this because in case the price is super volatile, if by the time you know you set your your trade and let's say your transaction fees, you try to set it as low as possible.And the network that you're using has a lot of other competition for transactions to be confirmed and your trade is just the lowest on the totem pole, it very well might expire at 30 minutes, new trade will have failed.What you can do, you can roll the dice, try it again.But keep in mind you are wasting your transaction fees at this point.But what you can do is again, try again.Maybe set a higher transaction fee limit so that you can get your trade confirmed within that 30 minute window that Uniswap has.

The second reason and probably a more common reason why trades fail, especially if we're getting into micro cap coins like the ones we've been calling lately in the CT club, are for slippage limits.Basically, if you have set your slippage to a very low percentage, then let's say you're trying to get into a coin that doesn't have a lot of trading volume.And the amount of the amount that your trade is worth is enough to swing the price pretty drastically in one way or another.And your slippage percentage is won't allow for that trade to go through.That's why your trade will fail.So slippage basically means it's a difference between what you're expected output of coins will be for that trade versus what you will really get from the outcome of your trade.So let's say you have a 5% slippage limit that you've set.That means that you're OK with getting 5% less coins at the end of that trade.And also keep in mind, if you're trying to buy a micro cap coin and the slippage has to be at like 25%, consider that as a little bit of a warning of the lack of liquidity on that token in particular, and maybe you're going to have to reduce the size of your trade to make your slippage a little more friendly.You can adjust your slippage limit on the transaction settings on UNISWAP.A very common reason why trades fail on any decentralized exchange, and it's my number one question.Question I ask people when they say that they're having trouble getting a trade to go through is they have insufficient funds.Not necessarily of the coins that you want to trade exactly, but the native coin of the network that you want to use to make the trade.So on UNISWAP again, that's today's example.UNISWAP works with Ethereum with MATIC with optimism a lot of different layer two block chains.But let's say you're going to use Polygon for lower transaction fees.If you want to trade on the Polygon network, you're going to have to have MATIC in your balance of that wallet that you've connected to pay for the transaction fees, not Ethereum. Even though Polygon is a layer 2 for Ethereum, the actual network that you're directly interacting with is polygons.You're going to need MATIC, which is the native token of that.

This last one could be for those of you who might be trying to buy a scam coin.Maybe not all of them are scams, but they certainly all tend to fall in this category.And that's the fact that UNISWAP does not trade with deflationary tokens.Think of any token where whenever there is a transaction, whenever there is coins being sent from point A to point B or being traded with, there is a certain amount of the token supply is burned.So there's a lot of them.Safe Moon was one of them.A lot of these have Moon in the name and that's kind of a giveaway that it's a short term trade if you're going to be buying it anyway.There's a list of all these coins, there's over 40 of them that UNISWAP does not list.

Bey

How do you rate this article?

23


Ishfaq_Khan
Ishfaq_Khan

I dedicated to delivering timely and insightful crypto news, market analysis, and investment insights. Stay informed with my posts and lets navigate the exciting world of digital finance together.Don't miss a beat–follow me for the crypto updates you.


Crypto Analyzer Pro
Crypto Analyzer Pro

Welcome to Crypto Analyzer Pro. Your source for in-depth cryptocurrency analysis and news. Dive into the crypto universe with expert insights. Stay informed, make informed decisions. Join us on this exciting journey!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.