Trading or exchanging assets on Uphold is straightforward using the platform's "Transact" feature. This allows you to convert one asset you hold into another supported asset.
Follow these steps to make a trade on Uphold, based on the provided process:
- Go to the Home Screen: Start by opening the Uphold app and navigating to the main home screen.
- Tap "Transact": At the bottom of the screen, locate and tap the “Transact” option. This is your gateway to making exchanges and transfers.
- Select "Anything to anything": Choose the “Anything to anything” option. This flexible feature allows you to exchange any supported asset you hold for any other supported asset available on the platform.
- Choose Source and Destination:
- Source: Select the asset you want to sell or exchange from. This could be a cryptocurrency, fiat currency, precious metal, etc., that you currently hold in your Uphold account.
- Destination: Select the asset you want to buy or exchange into. This is the asset you will receive after the transaction.
- Enter the Amount: Specify the amount you wish to trade. You can enter the amount in terms of the source asset (e.g., sell 0.1 BTC) or the destination asset (e.g., buy $100 worth of ETH).
- Review the Transaction: Tap “Preview deposit” to review the details of your proposed trade. This step shows you the exchange rate, fees (if any), and the exact amount of the destination asset you will receive. It's crucial to check these terms before proceeding.
- Confirm the Trade: If you are satisfied with the preview details, tap “Confirm deposit” to finalize and complete the transaction. The assets will then be exchanged and updated in your account balances.
This process facilitates quick and easy conversion between various asset types available on Uphold.
Transaction Summary
| Step | Action | Detail |
|---|---|---|
| 1 | Access Transact | Tap "Transact" on the Home Screen. |
| 2 | Choose Transaction Type | Select "Anything to anything." |
| 3 | Define Exchange | Choose source (sell) and destination (buy) assets. |
| 4 | Specify Amount | Enter the amount to trade. |
| 5 | Review Terms | Tap "Preview deposit" to check details and rates. |
| 6 | Complete Trade | Tap "Confirm deposit" if satisfied. |
By following these steps, you can effectively trade different assets within your Uphold account.
