diff --git a/Flipcash/Core/Screens/Main/Currency Convert/ConvertAmountViewModel.swift b/Flipcash/Core/Screens/Main/Currency Convert/ConvertAmountViewModel.swift
index 1e2cb0623..f757cd122 100644
--- a/Flipcash/Core/Screens/Main/Currency Convert/ConvertAmountViewModel.swift	
+++ b/Flipcash/Core/Screens/Main/Currency Convert/ConvertAmountViewModel.swift	
@@ -46,9 +46,10 @@ final class ConvertAmountViewModel {
     /// Destinations offered in the picker: Dollars plus every other held
     /// balance, excluding the source. Read by the destination picker sheet.
     var destinationOptions: [ExchangedBalance] {
-        let rate = ratesController.rateForBalanceCurrency()
-        return session.balances(for: rate)
-            .filter { $0.stored.mint != sourceBalance.mint }
+        session.convertDestinations(
+            from: sourceBalance.mint,
+            rate: ratesController.rateForBalanceCurrency()
+        )
     }
 
     /// Display name of the current destination — "Dollars" for USDF.
@@ -88,8 +89,10 @@ final class ConvertAmountViewModel {
         // Default to Dollars, except when converting *from* Dollars — then pick
         // the largest other holding so the destination is never the source.
         if sourceBalance.mint == .usdf {
-            let rate = ratesController.rateForBalanceCurrency()
-            let options = session.balances(for: rate).filter { $0.stored.mint != .usdf }
+            let options = session.convertDestinations(
+                from: .usdf,
+                rate: ratesController.rateForBalanceCurrency()
+            )
             self.destinationMint = options
                 .max(by: { $0.exchangedFiat.nativeAmount.value < $1.exchangedFiat.nativeAmount.value })?
                 .stored.mint ?? .usdf
diff --git a/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoContentV2.swift b/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoContentV2.swift
index 7574439d6..01adb2d98 100644
--- a/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoContentV2.swift	
+++ b/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoContentV2.swift	
@@ -38,7 +38,7 @@ struct CurrencyInfoContentV2: View {
 
     /// Give — owned community tokens only.
     let onGive: () -> Void
-    /// Convert — sells this (non-USDF) currency into a chosen destination.
+    /// Convert — sells this currency into a chosen destination.
     let onConvert: () -> Void
     /// Buy — routes to the buy flow, whether or not the currency is held.
     let onBuy: () -> Void
@@ -302,8 +302,14 @@ struct CurrencyInfoContentV2: View {
                 if isUSDF {
                     // Dollars is what the other currencies are bought with, so
                     // there is nothing to buy more of — it withdraws instead.
-                    // Its Convert goes out via a reserves buy.
-                    actionTile("Convert", icon: .asset("IconArrowBottomTop"), action: onConvert)
+                    // Its Convert goes out via a reserves buy, so it needs
+                    // another holding to buy into.
+                    actionTile(
+                        "Convert",
+                        icon: .asset("IconArrowBottomTop"),
+                        isEnabled: viewModel.canConvert,
+                        action: onConvert
+                    )
                     actionTile("Withdraw", icon: .asset("IconArrowUp"), action: onWithdraw)
                 } else {
                     actionTile("Buy More", icon: .asset("IconArrowDown"), action: onBuy)
@@ -315,7 +321,12 @@ struct CurrencyInfoContentV2: View {
         }
     }
 
-    private func actionTile(_ title: String, icon: TileIcon, action: @escaping () -> Void) -> some View {
+    private func actionTile(
+        _ title: String,
+        icon: TileIcon,
+        isEnabled: Bool = true,
+        action: @escaping () -> Void
+    ) -> some View {
         Button(action: action) {
             VStack(spacing: 12) {
                 tileIcon(icon)
@@ -330,6 +341,8 @@ struct CurrencyInfoContentV2: View {
             .clipShape(RoundedRectangle(cornerRadius: Metrics.buttonRadius, style: .continuous))
         }
         .buttonStyle(.plain)
+        .disabled(!isEnabled)
+        .opacity(isEnabled ? 1 : 0.4)
     }
 
     @ViewBuilder private func tileIcon(_ icon: TileIcon) -> some View {
diff --git a/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoViewModel.swift b/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoViewModel.swift
index 3e757abe4..71328bc26 100644
--- a/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoViewModel.swift	
+++ b/Flipcash/Core/Screens/Main/Currency Info/CurrencyInfoViewModel.swift	
@@ -84,6 +84,17 @@ class CurrencyInfoViewModel {
         ).nativeAmount
     }
 
+    /// Whether Convert has somewhere to go. Converting into Dollars is always
+    /// possible, so only the Dollars screen depends on other holdings — the
+    /// same list the convert destination picker shows.
+    var canConvert: Bool {
+        guard mint == .usdf else { return true }
+        return !session.convertDestinations(
+            from: .usdf,
+            rate: ratesController.rateForBalanceCurrency()
+        ).isEmpty
+    }
+
     /// The absolute appreciation (or depreciation) of this currency's balance
     /// relative to its cost basis, converted to the display currency.
     /// Returns zero with `isPositive: true` when
diff --git a/Flipcash/Core/Session/Session.swift b/Flipcash/Core/Session/Session.swift
index 1b51c5831..f18b2f837 100644
--- a/Flipcash/Core/Session/Session.swift
+++ b/Flipcash/Core/Session/Session.swift
@@ -157,6 +157,12 @@ class Session {
         }
     }
     
+    /// The holdings a conversion out of `sourceMint` can go into: every balance
+    /// ``balances(for:)`` shows, minus the source itself.
+    func convertDestinations(from sourceMint: PublicKey, rate: Rate) -> [ExchangedBalance] {
+        balances(for: rate).filter { $0.stored.mint != sourceMint }
+    }
+
     /// The balances the wallet shows a card for: every token it holds, and
     /// Dollars only once they are worth showing.
     static func walletCardBalances(from balances: [ExchangedBalance]) -> [ExchangedBalance] {
diff --git a/FlipcashTests/Convert/ConvertDestinationAvailabilityTests.swift b/FlipcashTests/Convert/ConvertDestinationAvailabilityTests.swift
new file mode 100644
index 000000000..a4f746710
--- /dev/null
+++ b/FlipcashTests/Convert/ConvertDestinationAvailabilityTests.swift
@@ -0,0 +1,101 @@
+//
+//  ConvertDestinationAvailabilityTests.swift
+//  FlipcashTests
+//
+
+import Foundation
+import Testing
+@testable import FlipcashCore
+import FlipcashStore
+@testable import Flipcash
+
+@Suite("Convert availability on the currency info screen")
+@MainActor
+struct ConvertDestinationAvailabilityTests {
+
+    private static let jeffySupply: UInt64 = 50_000 * 10_000_000_000
+    private static let jeffyQuarks: UInt64 = 2_000 * 10_000_000_000 // ≈ $20 of curve value
+
+    /// Reserves are seeded in every case so a disabled result comes from the
+    /// holdings, not from a curve that can't be priced.
+    private static func makeContainer(holdings: [SessionContainer.Holding]) async throws -> SessionContainer {
+        let container = try SessionContainer.makeTest(holdings: holdings)
+
+        container.ratesController.configureTestRates(
+            balanceCurrency: .usd,
+            rates: [Rate(fx: 1, currency: .usd)]
+        )
+        await container.ratesController.verifiedProtoService.saveRates([
+            .freshRate(currencyCode: "USD", rate: 1)
+        ])
+        await container.ratesController.verifiedProtoService.saveReserveStates([
+            .freshReserve(mint: .jeffy, supplyFromBonding: jeffySupply)
+        ])
+
+        return container
+    }
+
+    private static func canConvert(_ mint: PublicKey, in container: SessionContainer) -> Bool {
+        CurrencyInfoViewModel(
+            mint: mint,
+            session: container.session,
+            database: container.database,
+            ratesController: container.ratesController
+        ).canConvert
+    }
+
+    private static let jeffy = MintMetadata.makeLaunchpad(address: .jeffy, supplyFromBonding: jeffySupply)
+
+    @Test("Dollars only: Convert on the Dollars screen is disabled")
+    func dollarsOnly_isDisabled() async throws {
+        let container = try await Self.makeContainer(holdings: [
+            SessionContainer.Holding(mint: .usdf, quarks: 10_000_000),
+        ])
+
+        #expect(Self.canConvert(.usdf, in: container) == false)
+    }
+
+    @Test("Dollars plus a held currency: Convert is enabled and opens on that currency")
+    func dollarsAndHeldCurrency_isEnabled() async throws {
+        let container = try await Self.makeContainer(holdings: [
+            SessionContainer.Holding(mint: .usdf, quarks: 10_000_000),
+            SessionContainer.Holding(mint: Self.jeffy, quarks: Self.jeffyQuarks),
+        ])
+
+        #expect(Self.canConvert(.usdf, in: container))
+
+        let usdf = try #require(container.session.balance(for: .usdf))
+        let convert = ConvertAmountViewModel(
+            sourceBalance: usdf,
+            session: container.session,
+            ratesController: container.ratesController
+        )
+        #expect(convert.destinationMint == .jeffy)
+    }
+
+    @Test("Only other holding is a zero balance: Convert is disabled")
+    func zeroBalanceOtherHolding_isDisabled() async throws {
+        let container = try await Self.makeContainer(holdings: [
+            SessionContainer.Holding(mint: .usdf, quarks: 10_000_000),
+            SessionContainer.Holding(mint: Self.jeffy, quarks: 0),
+        ])
+
+        #expect(Self.canConvert(.usdf, in: container) == false)
+    }
+
+    @Test("No balances yet: Convert on the Dollars screen is disabled")
+    func noBalances_isDisabled() async throws {
+        let container = try await Self.makeContainer(holdings: [])
+
+        #expect(Self.canConvert(.usdf, in: container) == false)
+    }
+
+    @Test("Another currency's screen keeps Convert enabled with nothing else held")
+    func nonDollarsScreen_isEnabled() async throws {
+        let container = try await Self.makeContainer(holdings: [
+            SessionContainer.Holding(mint: Self.jeffy, quarks: Self.jeffyQuarks),
+        ])
+
+        #expect(Self.canConvert(.jeffy, in: container))
+    }
+}