Learn how to transfer your cryptocurrency from Uphold to an external wallet or exchange by following these simple steps.
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Uphold is a digital money platform where you can buy, convert, and store multiple types of cryptocurrency. You can also link your Uphold account to a bank account or debit card to fund your account. In this article, we’ll show you how to transfer cryptocurrency from Uphold to an external wallet.
What is Uphold?
Uphold is a digital money platform allowing users to buy and hold multiple currencies, including Bitcoin. Created in 2013, Uphold is one of the longest-running cryptocurrency platforms still in operation. In 2019, the company officially rebranded from Bitreserve.
##Heading:Create an account on Uphold
To use the Uphold platform, you’ll need to create an account. Visit uphold.com and click “sign up” in the top right-hand corner of the homepage. From there, you’ll be prompted to enter your email address and create a password. Once you’ve inputted this information, click “create account.”
You will then need to verify your email address by clicking on the link in the verification message sent from Uphold to your inbox. Once you click this link, you will be redirected back to the Uphold website and logged into your account automatically.
What is a cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Cryptocurrencies are systems that allow for secure payments online which are denominated in terms of virtual “tokens,” representable in digital form and which can be transferred, stored or traded electronically. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 and uses encryption techniques to control the creation of new bitcoins and to also verify the transfer of funds between parties.
How to create an account on Uphold
Uphold is a digital wallet that allows you to store, buy, sell, and convert a variety of cryptocurrencies, fiat currencies, and commodities. In order to use Uphold, you must first create an account.
Creating an account on Uphold is simple and only takes a few minutes. You must provide your name, email address, date of birth, and create a password. You will also need to verify your email address before you can begin using your account.
Once your account is created, you can then add funds to it using a variety of methods including bank transfer, credit/debit card, or cryptocurrency transfer. Once you have added funds to your account, you can then use those funds to buy, sell, convert, or withdraw a variety of assets.
How to buy Bitcoin on Uphold
Uphold is a digital money platform allowing users to buy, sell, convert, and hold various fiat currencies, cryptocurrencies, and commodities. Uphold is also one of the only platforms that allows users to buy Bitcoin with credit card. Here’s a step-by-step guide on how to do it.
First, sign up for an account on Uphold. Once you have confirmed your account via email, log in and click on the “Cards” tab on the top navigation bar.
On the “Cards” page, click on the blue “Add Card” button in the top right corner. A pop-up window will appear asking you to select what type of card you would like to add. Select “Crypto Currency” from the drop-down menu and then select “Bitcoin” from the list of supported cryptocurrencies.
Click on the blue “Add Card” button again and you will be taken to a page with all of the relevant information for buying Bitcoin with credit card on Uphold. Enter the amount of Bitcoin you would like to buy in either USD or BTC and then click on the green “Buy Now With Credit Card” button.
You will be taken to a new page where you will enter your credit card information. Once you have entered all of your information, click on the green “Submit Credit Card Payment” button and your Bitcoin will be instantly added to your Uphold wallet!
How to transfer Bitcoin from Uphold
To transfer Bitcoin out of your Uphold account to another wallet or exchange, you will need to generate a Bitcoin wallet address first. To do this, log in to your account and go to the “Transactions” page. On the left side of the page, click on the “Bitcoin” tab and then select “Receive”.
You will be given a unique Bitcoin address that you can use to receive Bitcoin transfers. Copy this address and paste it into the “Withdrawal Address” field on the exchange or wallet you are withdrawing to. Be sure to double check that the address is correct before withdrawing, as any Bitcoin sent to an incorrect address will be lost and cannot be recovered.
Once you have confirmed the withdrawal address, enter the amount of Bitcoin you wish to withdraw in the “Amount” field and click “Withdraw”. You will be asked to confirm the withdrawal on the next page. Click “Confirm Withdrawal” to finalize the transaction. Your Bitcoin will then be sent to the specified address and should arrive within minutes.
How to convert Bitcoin to other cryptocurrencies on Uphold
If you’re new to Uphold, you may be wondering how to convert Bitcoin (or other cryptocurrencies) to other cryptocurrencies. Here’s a quick guide on how to do that:
1. Log in to your account on Uphold.com and click on the “Crypto” tab.
2. Find the currency you want to convert in the list of currencies and click on it.
3. Enter the amount you want to convert in the “You have” field and choose the currency you want to convert it to in the “You get” field.
4. Click on the “Convert now” button and confirm the transaction by clicking on the “Confirm Conversion” button in the popup window.
How to withdraw Bitcoin from Uphold
With Uphold, you can convert, buy, hold, and transact in 30+ different fiat currencies and 4 metals, all without fees. You can also buy and hold a variety of cryptocurrencies. Here’s how to withdraw Bitcoin from Uphold:
1) To start, log in to your account and click on the “Withdraw” button located in the top right-hand corner of the Dashboard.
2) Next, select “Bitcoin” from the Currency drop-down menu.
3) Enter the amount you would like to withdraw in either BTC or USD. You can also choose to Withdraw All by clicking on the link. Then click “Continue”.
4) On the next page, review the details of your transaction and click “Confirm Withdrawal”.
5) A pop-up window will appear asking you to confirm your withdrawal. Enter your 2FA code (if enabled) and click “Withdraw”.
6) That’s it! Your withdrawal will now be processed and should reach your wallet within 10 minutes.