How to Buy Crypto on Uphold
Want to know how to buy crypto on Uphold? Follow our step-by-step guide to buy crypto on Uphold including how to get verified and how to buy BTC, ETH, and more.
How to buy crypto on Uphold
There are a couple of steps involved in buying crypto on Uphold, and we’ll walk you through all of them in-depth, including:
Get verified on Uphold
Fund your account
Pick a cryptocurrency
Purchasing crypto on Upload
Step one: get verified on Uphold
Uphold and other financial service providers must verify users to comply with anti-money laundering legislation, so to create an account you’ll need to:
Download the Uphold app or go to Uphold.com and select sign up
Enter your personal details including email and phone number
Verify your account via email and create a password
Provide further information about how you plan to use Uphold and your financial circumstances including your employment status
Verify your identity by uploading an ID document and taking a photo
Read next: Best No KYC Exchanges
Step two: fund your Uphold account
With your account verified, it’s time to fund your Uphold account. There are payment methods available to fund your Uphold account including:
Debit card: Instant deposits and withdrawals
Credit card: Instant deposits, no withdrawals
ACH: Instant deposits and standard withdrawals up to 5 business days
ACH (via Microdeposits): Instant deposits and up to 65 days for withdrawals
Wire transfer: Deposits in up to 2-5 business days, no withdrawals
Apple/Google Pay: Instant deposits, no withdrawals
Crypto deposits: Deposit and withdrawal periods are variable depending on the network
It’s important to note that Uphold payment methods may vary depending on your location.
Step three: pick a cryptocurrency on Uphold
Uphold has more than 250 cryptocurrencies available to choose from - from market leaders like Bitcoin and Ethereum to emerging altcoins and tokens. Some of the most popular cryptocurrencies to buy on Uphold include:
You should always DYOR before buying any crypto on Uphold and never invest more than you can afford to lose.
Read next: Is crypto a good investment?
Step four: Buy crypto on Uphold
Once you’ve chosen a crypto on Uphold, it’s time to buy it! Here’s how:
Select transact on the portfolio screen
Select from and pick a payment method
Enter the amount of fiat currency you’d like to spend
Tap to and pick a cryptocurrency
Depending on your payment method you may have to provide additional information or verification through your banking app
Confirm your transaction, your crypto will be credited to your Uphold account within 2-3 days
Read next: How do I get Uphold tax documents?
FAQs
How to buy crypto on Uphold with a credit card?
It’s easy to buy crypto on Uphold with a credit or debit card. Just select transact, and then from and select credit or debit cards. Select the plus symbol to enter your card details, currency, and an amount. Then select to and pick a cryptocurrency, before selecting confirm to complete your transaction.
How to buy Bitcoin on Uphold?
To buy Bitcoin on Uphold select transact on your portfolio screen and then pick a payment method by selecting from. After you’ve entered your payment method details and the amount you want to transact, select to and then select BTC. Finally, just hit confirm to complete your transaction.
How to buy Ethereum on Uphold?
To buy Ethereum on Uphold select transact on your portfolio screen and then pick a payment method by selecting from. After you’ve entered your payment method details and the amount you want to transact, select to and then select ETH. Then hit confirm to complete your transaction.
Which cryptocurrencies are available on Uphold?
Uphold has 250+ cryptocurrencies available to buy, from popular coins like Bitcoin and Ethereum to smaller altcoins and tokens like AAVE and SHIB.
Is Uphold safe to buy crypto?
Uphold is widely considered a secure and safe option to buy cryptocurrencies with a good selection of coins and tokens and strong security measures. However, you should always follow best practices and store any crypto you’re not actively trading in a secure hardware wallet.
How much does Uphold charge to buy crypto?
Uphold regularly updates trading fees to remain competitive, but generally speaking, you’ll typically pay:
Most Stablecoins and major market FX: 0.25%
BTC, ETH: 1.4% - 1.6%
Altcoins: 1.9% - 2.65%
Precious Metals: 1.9% - 2.65%
As well as this, Uphold charges deposit and withdrawal fees depending on your payment method.
How do I send crypto to my wallet on Uphold?
Depositing crypto to your Uphold wallet is easy. Here’s how:
Go to your portfolio and choose the right crypto account for the asset you want to deposit - for example, Bitcoin
Select the ellipsis (…)
Select wallet address
Copy your wallet address
Head over to the wallet that currently stores the crypto you’d like to transfer and create a send transaction using your copied Uphold wallet address
Do I pay tax on my Uphold crypto transactions?
Yes, regardless of the wallet you’re using, crypto is subject to tax. The laws vary depending on where you live, but in general, you’ll pay Capital Gains Tax on any sale, trade, or spend of crypto. Learn more in our crypto tax guides.
