Uphold is a platform that allows users to trade assets directly, without having to convert them back into fiat currency. The platform provides access to hundreds of different cryptocurrencies, multiple stablecoins (including Tether and USD Coin), precious metals and US equities. Its unique features include one-click anything-to-anything trading, automatic recurring transactions and advanced order types like take profit and trailing stop loss orders.Source :theinvestorscentre.co.uk
How to Use Uphold for Trading: A Step-by-Step Guide
The Uphold app has a clean interface that is easy to navigate. It has a multi-panel layout that lets users quickly access different features. The home page shows a list of assets and balances. From there, you can easily move money from your bank account to your Uphold account and vice versa. There are also links to other key features like the Vault and the USD Interest Account.
Once you have funds in your Uphold account, you can begin trading. When you place a trade, Uphold provides a clear preview of the transaction, including the fees involved, the amount of crypto you’ll receive (in dollars), and the market rate for the specific asset that you’re buying or selling.
You can view line charts of each asset via the Markets page, which can be accessed from within the Portfolio page. You can select to view the price history of an asset over one hour, one day, one week, or one year. In addition, you can set a trailing stop order that will sell an asset once it reaches a specified percentage of its highest point, which can help you lock in gains or limit losses.