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Thus, the main problem with these centralised exchanges is that you can only purchase the tokens along with other retail investors when they are made available. What if you are interested in a new token with high potential that is not listed on these exchanges yet?

For example, a16z recently announced that they have led an investment into YGG, a play-to-earn gaming community. However, the YGG token is not available for trading on centralized exchanges yet. At the time of writing, YGG was trading at $5.59, up almost 270% from its price of $2.10 a month ago.

Furthermore, once centralized exchanges list new tokens, an upward price pressure on the token will be created as more retail investors rush in to purchase them. The price of many tokens have spiked from 20% to 50% after they were listed on centralised exchanges.

So how do you get the tokens before these tokens are listed on popular centralized exchanges?

One of the most common ways to do so is to get them via decentralized exchanges such as Uniswap or Sushiswap. To check if they are available on decentralized exchanges, you can do a simple check on Coinmarketcap or Coingecko:

The beauty of a DEX is that it is not owned by any centralized entity and anyone can access it. To use a DEX, you simply need to connect your wallet to the DEX and you can swap your existing tokens to the new token you would like to purchase.

For example to buy $1000 worth of YGG token, you can transfer $1000 worth of stablecoin or crypto (ETH for example) to your MetaMask, a popular crypto wallet. Here’s how you can use your MetaMask wallet to purchase YGG tokens on UniSwap.

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