Uphold | What it is and how it works | withdraw your
In this articulo, we will do a complete review of the Uphold exchange.
Learn everything about this website: how to use the platform, how to make transactions, its commissions and much more.
Uphold is a payment processor that has many features that make it unique.
In addition to being able to make payments between users of the platform itself, it allows us to exchange currencies between its various available currencies.
In addition, it has an en línea wallet in which we cánido buy and store our cryptocurrencies.
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Another thing is that Uphold has very low commissions, and the verification process is very fácil, without any cost.
And many users are using this platform to trade.
All these factors have made this exchange increasingly habitual.
Stay with us, and we will teach you everything about Uphold through this articulo.
What is Uphold?
Uphold is a virtual wallet that allows us to save money and make transactions through the cloud.
Uphold is available in more than 180 countries, including countries in Europe and Latin America.
Its main headquarters are in the United States, but it also has offices in Europe and Asia.
The particularity of this platform is that it allows us to exchange, send, receive, buy, sell and save currencies, cryptocurrencies, and even precious metals.
In fact, it has more than 30 currencies available (including the dollar and the euro).
Also, compared to other virtual wallets such as Paypal, their commissions are very low.
Even sending money between Uphold users themselves has no cost.
Therefore, it is a payment processor that is becoming increasingly relevant.
Registration in Uphold
To create an account in Uphold, you just have to entrar its official page, and clic on «Check in”.
Registration consists of three easy steps.
In the first step, you just have to entrar your correo electrónico, your password and the type of account.
Unless we are a company, we will only need an account “Individual”.
Accept the terms and conditions, and clic on following.
In the second step, you must entrar your full name, your date of birth and your phone number.
It is important that entrar true datasince these will be essential to verify your account and make any transactions in the future.
In the third and final step, you will receive an dirección de correo electrónico to verify your dirección de correo electrónico.
Once this is done, you will be directly sent to the Uphold dashboard.
How does Uphold work?
The interfaz of this platform allows us to perform many actions.
It seems complex, but it is really very easy to understand.
The first thing we will find is a summary of our money in different types of cards.
These cards (or accounts) allow us to reserve our money in different types of currencies.
Each card corresponds to the currency in which we receive our money.
So, if we receive euros, it will be counted on our card in euros.
The same applies if we entrar dollars, bitcoins, or another currency.
It is also important to note that you perro add the currencies of your choice in the option that says: “Add card/coin”.
You cánido add different cards of the same currency.
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In the upper left, you will find the total cómputo of your account.
And to the other side, you will find two more options «Cards» and “Activity”.
The first will give you another summary of your cards, and manage everything related to them.
And the second espectáculos you the record of all the transactions you have made on the platform.
Further up, you will also find the option to add funds, see your total cómputo, and your nombre de usuario.
In the latter, you perro configure everything related to your account.
How to verify your Uphold account?
Verifying your account at Uphold is very fácil.
In fact, unlike Paypal, you don’t need to register a credit card or bank account, and deposit money.
Just giving your personal data truthfully, and your identification card, will be enough.
Being a verified member will give you many advantages.
In addition to avoiding any scam, you will be able to make operations with higher amounts, and thus use your account without so many restrictions.
To start the verification process, go to the place where your nombre de usuario appears, in the option “setting”.
Once you’re there, you’ll see an option that says “Become a verified member” under your name, as seen in the image above.
After that, it will ask you to confirm the information about your address and zip code more accurately.
It is important that here the information is truesince, in case of any problem, you will need that data.
Then, you will have to scan a verification code with your móvil.
If you don’t want to do it that way, then Take a photo with your cámara web or your phone through the application, at your identification document on both sides.
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Finally, you should take a photo of your face, and that’s it.
Once this is done, you must wait for the platform to accept your data.
Acceptance perro be immediate, but sometimes it perro take a few days.
How to deposit funds in Uphold?
To fund Uphold, clic “Add Funds”.
Then, it will send you to a screen where you will find the different means of payment available.
You cánido deposit funds through the following means
- US Bank Account Deposit money from a US account, to deposit dollars to the platform.
The money will be available after 5 to 7 business days.
- Bank account (SEPA). It works to deposit money from a bank account in euros.
It works for any bank within the European Union.
- Uphold Card.
It works to add money to another Uphold card within our own account.
It cánido be done with another or in the same currency.
- Credit/Debit Card. You perro add funds from any Visa or MasterCard credit or debit card.
With this means, the funds will be available at the moment.
But you will only be able to send those funds after 24 hours.
- Cryptocurrency or Utility Token. To transfer cryptocurrencies.
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Means of payment accepted in Uphold
The means of payment available in Uphold they are wide.
We perro find different types of currencies, both currencies and cryptocurrencies.
To see the available options, clic “Add Card/Coin”, and search for the desired option.
This is the list of the currencies available in Uphold.
- American dollars (USD).
- Australian dollars (AUD).
- singapore dollars (SGD).
- New Zealand dollars (NZD).
- Canadian dollars (CAD).
- Hong Kong dollars (HKD).
- euro (USD).
- sterling pounds (GPB).
- japanese yen (JPY).
- Chinese Yuan (CNY).
- Swiss francs (CHF).
- indian rupees (INR).
- Mexican pesos (MXN).
- Argentine pesos (ARS).
- Brazilian real (BRL).
- danish kroner (DKK).
- Swedish crowns (SEK).
- norwegian kroner (NOK).
- kenyan shillings (KES).
- israelí shekels (ILS).
- polish zlotys (PLN).
- United Arab Emirates dirhams (EDA).
- Philippine pesos (PHP).
We perro also find the most famous cryptocurrencies, such as:
- Bitcoin (BTC).
- dash (Dash).
- ethereum (ETH).
- Litecoin (LTC).
- basic attention (BAT).
- bitcoin cash (BCH).
- bitcoin gold (BTG).
- Ripple (XRP).
In addition, we cánido also have cards in precious metals:
- Gold (XAU).
- Silver (XAG).
- Platinum (XPT).
- Palladium (XPL).
Minimum and maximum deposit you perro make in Uphold
The deposit limits will depend on the payment method we use.
- Credit/debit cards. Minimum $50, or €50.
Maximum €1500 or $1500 weekly.
- Plaid bank transfer. Minimum $25.
Maximum $2500 per day.
- ACH Bank Transfer. Minimum $25.
Maximum $500 per day.
- SEPA Bank Transfer.
Minimum $75.There is no maximum limit per day.
An unverified member cánido only make a $1,000 maximum for all your transactions.
Afterwards, the platform will request to verify the account.
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How to make a payment with Uphold?
To make any Uphold payment, you just have to clic on the card in which you have funds.
In our case, we have chosen our card in euros.
Once you’ve done this, you’ll be taken to a screen like this, which will present you with different options for sending your funds.
These options allow you to:
- Send your money another one of your uphold cards.
- TO other users or members of Uphold through your e-e correo electrónico.
- change it into cryptocurrencies.
- Withdraw it in your Bank account.
The most used option is to send money to another Uphold usuario.
So let’s take this as an example.
Much like Paypal, you will need the usuario’s correo electrónico address to send the payment, since this is equivalent to the account number. in option “Amount”choose the amount you want to send.
And pay attention to this.
You perro choose in which currency the payment will arrive to the other usuario.
You cánido do it in the same currency that you have your funds, which does not entail any commission.
Or you cánido do it to another currency.
In our case, we have the money in euros, and we will make the transaction in dollars.
For this, we will pay a small commission that does not correspond to the shipment, but for currency exchange.
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You cánido then entrar a note to the shipment.
When you get to the option “confirm”it will ask you to create the 2 step verification (in case you don’t have it).
This 2-step verification process is easy, and helps avoid scams.
To create it, you must download Google plus Authenticator or any QR code reader.
Once you scan the code, you will see a 6 digit password that you must entrar to make the payment.
Once this is done, the payment should be ready.
Is uphold safe?
Yes, there is something that characterizes this processor, it is its security.
All the data requested, from the verification with real data to the request for a QR code, espectáculo that this platform takes the security of its users very seriously.
In fact, the platform emplees many other security methods.
In addition, on the Internet you perro find positive opinions in favor of the page.
And we also attest that it is a good platform, where we perro have our funds safe.
Uphold Commissions
Uphold commissions are some of the lowest on the market.
In this table, we present the different commissions, depending on the type of transaction you wish to carry out:
Commissions for making deposits in Uphold
| Credit/debit card | 3.99% |
| Wire Transfer (ACH) | Free |
| Bank Transfer (SEPA) | Free |
| Bitcoin (BTC) | Free |
| Litecoin (LTC) | Free |
| Ethereum (ETH) | Free |
| Basic Attention Token (BAT) | Free |
| Bitcoin Cash (BCH) | Free |
| Dash (DASH) | Free |
| Bitcoin Gold (BTG) | Free |
| Ripple (XRP) | Free |
Commissions for making withdrawals in Uphold
| Credit/debit card | It perro’t be done |
| Wire Transfer (ACH) | $3.99 (Flat Rate) |
| Bank Transfer (SEPA) | $3.99 (Flat Rate) |
| Bitcoin (BTC) | 0.0003 BTC + $2.99 (Fixed Fee) |
| Litecoin (LTC) | 0.003 LTC + $2.99 (Fixed Fee) |
| Ethereum (ETH) | 0.005 ETH + $2.99 (Fixed Fee) |
| Basic Attention Token (BAT) | 10 BAT + $2.99 (Fixed Rate) |
| Bitcoin Cash (BCH) | 0.0003 BCH + $2.99 (Fixed Fee) |
| Dash (DASH) | 0.0003 Dash + $2.99 (Fixed Fee) |
| Bitcoin Gold (BTG) | 0.0003 BTH + $2.99 (Fixed Fee) |
| Ripple (XRP) | 0.1 XRP + $2.99 (Fixed Fee) |
Commissions for exchanging currencies in Uphold
| EUR, USD, GBP | 0.65% |
| JPY, MXN, CHF, CAD, AUD, NZD, HKD, SGD, DKK, SEK, NOK | 0.95% |
| PHP, AED, PLN, ARS, BRL | $1.15 |
| BTC | 1.05% |
| DASH | 1.25% |
| CNY, INR | 1.4% |
| ETH, LTC, BCH, XRP | 1.4% |
| BAT, BTG | 1.95% |
| Precious metals: XAU | 2.05% |
| Precious metals: XPD | 3.05% |
| Precious metals: XAG | 3.65% |
| Precious metals: XPT | 3.95% |
Commissions for making shipments in Uphold
Shipments between Uphold users are free.
The only commission that is charged in these transactions is the currency exchange (if required), or when using any of the previous means, before making the shipment.
Uphold Mobile Aplicación
Uphold also has a mobile application, where we perro carry out many transactions.
In the interfaz, you will find the following options:
- Briefcase. A summary of your cards is shown, and the total funds available.
- Activity. Present all the movements of your account.
- transaction Option to make changes from one currency to another.
- markets. The shares available, and their current status on the market.
- Further. Options to equipo up your account, backlink accounts, or ask support for help.
The mobile aplicación is still in development.
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Uphold Advantages and Disadvantages
Like many other platforms, Uphold has its pros and cons.
Let’s see each one of them.
Advantages of Upholding
- Very low commissions.
- Different currencies, cryptocurrencies and precious metals available.
- Various security methods.
- Easy to use.
- The verification process is fácil.
- Easy process to send funds to other users.
- It offers us the possibility of trading.
- Mobile aplicación available.
Disadvantages of Uphold
- Not all countries perro access the same payment methods.
- There are commissions in the currency exchange.
- His cryptocurrency portfolio has a very low range.
- It does not offer charts or other resources needed to trade.
Uphold Features
Uphold has various services that make to this platform a little different from the others.
Among them, we perro count the following:
- Exchange currencies and cryptocurrencies within the same platform.
- Create a virtual card to use our funds as we wish.
- The possibility of having wallets within the platform to store cryptocurrencies.
- It allows us to invest in shares of different companies, such as Apple, Disney, and the like.
Opinion
Uphold is a processor with a lot of potential.
Especially, because it offers us the possibility of handling different currencies on its platform.
Also, compared to other payment processors, their commissions are very low.
To the point that we will not lose too much money just on commissions.
In addition, it is an alternative to buy and store cryptocurrencies in a fácil way.
We hope this Uphold review has helped you.
If you have any questions, share them in the comments, and we’ll help you.
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