How to create an account on the ShapeShift mobile app from Singapore?
To create an account on the ShapeShift mobile app from Singapore, you have to first download the app from Google Play or the iOS store on your smartphone. Once downloaded, you need to follow the below steps to create an account:
Step 1: Open the app, and enter your email address and create a password in the respective fields.
Kindly note that the password created by you will provide you access to both the ShapeShift mobile app and the beta version on the website.
Step 2: You will receive a security prompt about recovering passwords. You must now acknowledge the security prompts displayed to proceed with the next steps.
Step 3: Now, create a password. Here, you will be asked to confirm the password by entering it once again.
Step 4: After creating your password, you’ll be directed to the “Create Wallet” step. On creating the wallet, your wallet will be credited with a balance automatically. Note that all new users will receive 1 USD of BTC when they sign-up on ShapeShift through the mobile app.
Step 5: Next, you will now receive a verification email from ShapeShift. Now, you need to open your email inbox and click on the “Verify Email” link in the email to verify your email address.
Step 6: Further, you must verify your personal information. For this step, you can either use any government-authorized personal identity cards like a Singapore passport, government ID, or driver’s license. Here, you need to make sure that you enter the information exactly as presented on your chosen form of identification.
On successful validation of your information, you will be able to start trading on ShapeShift platform.
How to execute a trade via DEX on ShapeShift mobile app from Singapore?
To trade, login to your ShapeShift account and follow the below steps:
- You have to select the trade button present in the lower center of the ShapeShift App.
- Next, you have to choose the “Trade” option from the menu.
- After this, you must select the desired trading pair.
- Now, enter the amount you would like to trade and click on the “Next” button.
- Before you validate the trade, you will get to view some details including, the order route and miner fees. Kindly note that ShapeShift uses THORChain (DEX) and 0x (DEX aggregator) to help find the best rate.
If you want to see the order route, click on the “i” symbol next to Order Route. This will show you the DEX being used for trading. Click on the “Done” button to return to the confirmation page.
- If you are ready to confirm the order details and start your trade, click on the “Confirm and Trade” option.
- After a few minutes, your trade will be completed.
- At last, click on the “Done” button to return to your dashboard.