How To Send Crypto From Uphold To Another Wallet
How To Send Crypto From Uphold To Another Wallet
Transferring cryptocurrency to an external wallet from your Uphold account is a simple and common procedure. You can use your cryptocurrency for personal or trading purposes as long as you know how to move money. If you know exactly how to make the transaction go smoothly, you won’t have to deal with errors.. Here, you will learn how to send crypto from Uphold to another wallet.
Introduction To Uphold
Uphold is a digital platform that makes it simple to buy and hold different types of assets. Besides buying and holding, one can also trade the following assets on our precious platform.
- Stocks
- Commodities
- Cryptocurrencies
- Fiat money like USD or INR
It began as Bitreserve in 2014 and changed its name to Uphold. You can add money using the following gateways
- Crypto wallet
- Bank
- Credit card
You may manage all of your assets in one location and transfer and receive money. For those who wish to handle cryptocurrency and other assets with ease, Uphold is a popular option due to its low fees and simple interface. Although it is transparent and safe, it is not a bank.
Step By Step Guide To Transfer Crypto To Another Wallet
Users of Crypto occasionally need to transfer funds from their Uphold account to an external wallet.
To ensure a secure transaction, please carefully follow each step, even though the process is straightforward.
Verify that you have completed all of the procedures Uphold has requested you to take. Linking your bank account and confirming your identity are required for this. Before you may withdraw any cryptocurrency, you usually need to complete this important security procedure. Next, you should follow these steps to transfer cryptocurrency from Uphold to a different wallet: Also check out complete guide How To Withdraw Uphold Money To Bank Account with detailed instruction .
Log In to Your Uphold Account
Start by logging into your Uphold account. You have two options for doing this: using the Uphold mobile app on your phone or our official website, uphold.com.
- Enter your password and email address.
- If you have two-factor authentication (2FA) set up, finish any further security measures.
- After logging in, your dashboard will display all of your asset balances.
Go to the “Transact” Section
The next step is to proceed to the section where the transfer can begin. Observe the bottom of the screen when using the mobile application. Press “Transact” (which typically has an up-arrow icon).
You will see “Transact” on the left side of the screen if you are on the website. All asset sending, receiving, and trading takes place in this part.
Choose the Cryptocurrency You Want to Send
You will now be prompted to select the kind of cryptocurrency you wish to send. As an example:
- Bitcoin
- Ethereum
- The XRP
- Litecoin
- Or another coin that is supported
To select one, tap on it. Make sure you have enough of that Cryptocurrency in your Uphold account. If you don’t, you will need to buy or transfer some into your account before you can send it.
Select “Send to Cryptocurrency Address”
You will now be asked how you would want to transfer the money.
Among the possibilities you’ll see are:
- Forward to an Uphold member or email
- Transfer funds to a bank account.
- Deliver to a crypto address.
- Select “Transfer to Cryptocurrency Address.”
With this option, you can transfer the cryptocurrency to an external wallet, such as the following
- Trust Wallet
- MetaMask
- Your hardware wallet
- Another exchange.
Enter the Recipient’s Wallet Address
This is the most important step in the procedure. To transmit cryptocurrency, copy the wallet address from the recipient or platform and enter it in the Uphold-provided space.
Here are some tips:
- Instead of typing the wallet address manually, you can better copy and paste it.
- Review the address three times. A permanent loss of money might be caused by even one incorrect character.
- Make sure the coin is in the right place. Send just Ethereum to Ethereum addresses, only Bitcoin to Bitcoin addresses.
- Should the address be inaccurate, you shouldn’t rely only on Uphold’s warning. Make sure to check twice.
Enter the Amount You Want to Send
Enter the desired amount of cryptocurrency to send now.
You may decide to:
- Enter a certain amount of cryptocurrency (for example, 0.01 BTC).
- You can also enter the amount in your local currency, such as $100 in Ethereum.
- Uphold will display the equivalent amount in cryptocurrency based on current values.
Remember That:
- Understand that most cryptocurrencies usually have minimal withdrawal requirements.
- If there are any network fees, these will be subtracted from your total balance.
- These costs may result in the final amount sent to the receiver being less than the amount you originally sent.
Review the Transaction Details
Uphold will display a transaction summary to you before submitting. You will notice the following
- How much are you sending
- The wallet address of the destination
- What kind of cryptocurrency
- Any network fees being applied
- The amount that the recipient will ultimately get
Your last opportunity to double-check everything is now. Review every detail in detail:
- Does the address match exactly?
- Do you have the correct coin?
- Is it a suitable quantity?
You can move forward if everything is in order.
Authorize the Transaction
The security settings on your account may require you to:
- Use your authentication app to input a 2FA code.
- Verify the transaction by sending a verification email.
Make sure you follow these measures to protect your account.
The transaction will be processed by Uphold as soon as you approve it.
Wait for Confirmation
Await confirmation of the transaction from the blockchain.
This could take a few minutes to an hour or longer, depending on:
- What kind of cryptocurrency
- The network’s level of traffic
- The transaction charge’s amount (a greater fee translates into faster processing)
You will receive a transaction ID (TXID) from Uphold. Using this ID, you can follow the transaction on a blockchain explorer such as:
- In the case of Bitcoin, https://www.blockchain.com/explorer
- The URL for ETH is https://etherscan.io.
- (For XRP) https://xrpscan.com
You can also determine when it’s finished by reviewing your Uphold activity history.
Capping Words
Although it is simple, sending cryptocurrency from Uphold to another wallet necessitates careful consideration. Always take your time and measure everything to ensure it is correct, because even a minor error can result lead to financial losses.