Uphold in a wallet of Bitcoins, euros and dollars widely used to send and receive cryptocurrencies. It was launched in 2015 and is currently present in more than 184 countries, they have only needed 3 years to expand across all borders.
UpHold’s purpose is to facilitate and simplify transactions between all users, whether they are companies or individuals. One aspect to note is that Does not charge no type of commission between user transfers discharged and also the money arrives almost immediately, isn’t that great?
Uphold stands out for its low commissions, for being available in countless countries and because it allows you to send money between users without paying hidden fees. It is also a veteran company in the crypto world and many Brave Browser users use it to collect their rewards.
📋 What you will find…
How to open an account with Uphold
Anyone of legal age can open an account as an individual or as a company. To open an account you will have to enter an email and a strong passwordalternating uppercase, lowercase, numbers, and at least one special character ($,&,#).
The next step will be to write Your personal information; First name, Last name, State, Date of birth, a date of birth and a username. The next thing is to write your phone numberwhich will be the first step before verifying your account.
To have more security and that nobody can enter your account, they advise you to protect it with the Two-step authentication Does Google two Factor Autenticathor ring a bell? Uphold uses a similar app that works as a double security system, her name is authy.
You can download Authy on your phone and computer, all you need to do is associate your Uphold account with Authy. Every time you log into your account you will be asked to a unique and personal code that lasts 20 seconds to make it impossible for anyone else to enter. You will simply have to copy and paste to access Uphold.
As you can see, I also use it in Coinbase. If you do not want to be asked for the code every time you access your account, you can click on the “Remember account for 30 days” box and they will not ask for it again until after that time.
Thus your account will be fully protected. I recommend you use it whenever you can on all the pages and applications you use, so you won’t get undue scares.
Important: Uphold charges commission to all users who have a Account Inactive, set to 90 days. To avoid this, you must enter your account at least once every 90 days, just connecting is enough, you do not have to do anything else.
In the event that between 90 and 180 days have passed, you will be charged a monthly commission of $1. If between 180 and 365 have passed, $5 will be charged and if it has been more than a year, $10 will be charged.
Verify the account in UpHold
In order to access all of Uphold’s features and verify that you are a real person, it is advisable verify your account as follows:
Click a «Become a verified member» select «Continue» and follow the instructions.
Upload a picture of yourself identification documentpassport, identity card or driver’s license.
Now you have to upload a image of your face where it is clearly seen that it is you. It must be a clear and sharp photograph like the one you use in official documents.
If you have done everything correctly you will receive a notice in your email informing you that you are already a verified member. Normally it is done almost instantly, it does not usually take more than 24 hours to give you the go-ahead.
How Uphold works
The operation of this virtual wallet is the simplest thing that exists, soon you will know the functionalities that it incorporates. It mainly serves for store, receive and send money in various currencies and in cryptocurrencies.
We will find a Menu with three main sections:
► Summary: In this section you will find all the available currencies and the balance you have in each one. You can also see the total balance and the summary with the most recent activity.
► Cards: All the cards available in Uphold and the balance you have on each one appear.
► Activity: Here you will be able to observe all the movements carried out successfully.
If you want to know the specific activity of each currency, you just have to select one and a new drop-down will open with the options «Use Funds» y «Add Funds«.
How to send/receive money on Uphold
Sending or receiving money from verified members on UpHold is completely free, something you will have to consider if you do not want to pay high commissions. If for example we want to send Bitcoins to a friend or acquaintance we will have to click on the BTC card and a new drop-down will open:
If the other person is a verified member of Upholdyou will have to select “Send a member or email” and you can write their @username, their email or their phone, any of the 3 is valid to send the money ONLY to verified Uphold members.
In case you are an unverified member or you want it send to another wallet (Coinbase, Coinpayments, etc), you will have to select “Send to Cryptocurrency or Utility Token”. In this case, they will charge us a commission.
To find out what commission you have to pay, write the total amount you want to send and before proceeding to the payment, the Fee to pay will appear. You must have sufficient funds to pay the Fee plus the money you want to send, otherwise the transaction will not take place.
Fees and Commissions at Uphold
The commissions that are applied in Uphold depend on various factors such as the type of currency, the country of residence, the type of conversion you want to make, etc.
On its official page you can find a detailed table with all the commissions that apply, the ones that stand out in my opinion are the following:
The minimum withdrawal to Bank account is 0.00001 BTC which is now equivalent to$50 for newsstands ACH and of 75€ for SEPA Banks (European Union) and no commission is applied, it is free.
Different fees apply to exchange currenciesranging from the 0.65% up to 1.95%. Low percentages compared to other wallets.
commissions for precious metals ranges between 2.05% and 3.65%
I have been an Uphold user for several years and I am very satisfied, I know that my money is well insured and the transactions are quick and easy to do.
Whether you are just starting out in the world of making money online or if you have been around for a long time, you will know that it is important to have several resources, in this case wallets. Of cryptocurrencies as such, I only use three since I think I don’t need any more and Uphold seems quite complete to me.
If you are reading me from Venezuelathis is the ideal wallet for you since it has no restrictions for this country, you can also complement this wallet with AirTM, through which you can change your money to any payment method you can think of (Paypal, Neteller, Payza, Payoneer , Skrill, Payeer, Perfect Money, Advcash, etc).