Buying and selling cryptocurrency on Uphold
If you’re looking to get into the cryptocurrency market, one of the first things you’ll need to do is find a reputable exchange. In this guide, we’ll show you how to buy and sell on Uphold, one of the most popular exchanges out there.
Uphold is a digital money platform where users can buy and sell a variety of cryptocurrencies, metals, and equities. The site is easy to use and has been gaining popularity due to its low fees, wide range of supported assets, and intuitively designed trading dashboard.
In this guide we are going to be covering how to buy cryptocurrency on Uphold but buying and selling other assets is done in a similar fashion.
Creating your Uphold account
To get started, you’ll need to create an account on Uphold. You can be signed up in minutes and can begin trading almost immediately after verifying your email address and phone number.
Head to uphold.com and click on the “Sign Up” button in the top right-hand corner.
Enter your email address, create a password, and click “Create Account”.
You will then be asked to verify your email address and phone number. Once you have done this, you will be able to begin using Uphold!
Once you’ve done that, you can deposit funds into your account using a variety of methods including bank transfer, credit/debit card, or cryptocurrency transfer.
Steps to deposit: In your Uphold dashboard, choose the third box titled “Anything to Anything”, click the “From” dropdown and then choose funding source highlighted in green (banks, credit or debit, crypto.)
They are currently offering 0% deposit and withdrawal fees.
Once you have funds in your account, you can start buying and selling cryptocurrency.
Buying and selling
To do this, simply go to the “Anything to Anything” section on the page in the Uphold website and select the From column to either buy an asset or swap an asset with one already in your portfolio.
You may use a bank account to buy Bitcoin, or you can acquire cryptocurrency of your choice if you already have a crypto balance on your account.
You can easily browse the available options and select the coin you want to purchase or use the search function to jump right to your preferred coin. Enter the amount you want to buy, and then confirm your transaction. The currency will then be deposited into your account.
To sell cryptocurrency on Uphold you also use the “Anything to Anything” page. Go to the From dropdown, select the coin you want to sell. Next, choose the To dropdown and select which asset you want to sell for. Enter the amount you want to sell, and then confirm your transaction. The funds will then be deposited into your linked bank account or cryptocurrency wallet.
It’s that simple! In just a few clicks you can start trading cryptocurrency on Uphold.
Tips for trading on Uphold
Before you start trading, there are a few things you should keep in mind. Firstly, make sure you understand the risks involved in trading cryptocurrency. The market is highly volatile and prices can move rapidly, so it’s important to only trade with money you can afford to lose.
Secondly, remember to set up two-factor authentication (2FA) on your account to add an extra layer of security. 2FA is a great way to protect your account from hackers and other malicious actors.
Finally, always stay up-to-date on the latest news and developments in the cryptocurrency space. The market is constantly changing and you don’t want to miss out on a good opportunity or make a bad trade.
By following these simple tips, you can start trading cryptocurrency on Uphold with confidence.
We have written a thorough review on Uphold if you are interested in learning more about this popular exchange.
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