Looking to buy crypto on Uphold? Our easy guide will walk you through the steps, including getting verified, funding your account, and purchasing Bitcoin, Ethereum, and more.
Step-by-Step Guide to Buying Crypto on Uphold
There are a few steps to buying crypto on Uphold. We’ll cover them all in detail:
- Get Verified on Uphold
- Fund Your Account
- Choose a Cryptocurrency
- Purchase Crypto on Uphold
Step One: Get Verified on Uphold
Uphold needs to verify your identity to follow anti-money laundering laws. Here’s how to create your account:
- Download the App or Visit Uphold.com: Choose “Sign Up.”
- Enter Personal Details: Provide your email and phone number.
- Verify Your Account: Confirm via email and set up a password.
- Provide More Info: Share details about how you’ll use Uphold and your financial status, including your job.
- Upload ID: Verify your identity by uploading an ID document and taking a photo.
Step Two: Fund Your Uphold Account
After your account is verified, you need to add money to it. Here are the payment methods you can use:
- Debit Card: Instant deposits and withdrawals.
- Credit Card: Instant deposits, no withdrawals.
- ACH: Instant deposits, standard withdrawals in up to 5 business days.
- ACH (via Microdeposits): Instant deposits, withdrawals in up to 65 days.
- Wire Transfer: Deposits in 2-5 business days, no withdrawals.
- Apple/Google Pay: Instant deposits, no withdrawals.
- Crypto Deposits: Times vary based on the network.
Keep in mind that payment methods might differ depending on where you live.
Step Three: Pick a Cryptocurrency on Uphold
Uphold offers more than 250 cryptocurrencies. You can choose from popular ones like Bitcoin and Ethereum to lesser-known altcoins and tokens. Some popular choices include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Cardano (ADA)
- Bitcoin Cash (BCH)
- DigiByte (DGB)
- Dogecoin (DOGE)
- Polkadot (DOT)
- EOS (EOS)
- The Graph (GRT)
Always do your own research before buying any crypto and never invest more than you can afford to lose.
Step Four: Buy Crypto on Uphold
Now that you’ve chosen your cryptocurrency, here’s how to buy it:
- Select Transact: Go to the portfolio screen.
- Choose Payment Method: Select “From” and pick your payment method.
- Enter Amount: Type in how much fiat currency you want to spend.
- Pick Cryptocurrency: Tap “To” and select the crypto you want to buy.
- Verify Transaction: Depending on your payment method, you might need to provide more info or verify through your banking app.
- Confirm and Receive: Confirm the transaction, and your crypto will be credited to your Uphold account within 2-3 days.
Conclusion: Simplify Your Crypto Purchases with Uphold
Buying crypto on Uphold is straightforward if you follow these steps. Whether you’re new to crypto or an experienced trader, Uphold makes the process easy and secure. Start your journey into cryptocurrency today!
Making a profit with cryptocurrency is easy, but it’s hard to calculate taxes on your own. That’s why we developed a tax calculator called Catax, which automatically calculates your taxes.
