Crypto Basics

How To Setup Your Digital Wallet On Uphold

  • 20 Feb, 2018

  • 3 Min read

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Whether you are buying cryptocurrency or need to set up a digital wallet to transfer money between accounts, Uphold is one of the easiest and most secure cloud-based digital wallets.

Uphold is a digital money platform that allows you to buy, hold, send, receive, and exchange a variety of currencies easily with very lows fees.

Just like a real-world wallet that you keep in a pocket or purse, your Uphold Wallet contains a set of cards that can be used to send and receive payments.

These cards designate your holdings in different currencies and commodities, including Bitcoin, Dash, Ethereum, BAT, Litecoin, US Dollars, Euros, Silver, and Gold. Each card allows you to safely and easily store and access your funds.

Your digital wallet can also connect to your bank or credit/debit card accounts, make payments to vendors, send money to friends, and instantly convert value between currencies. It’s a safe and secure way to use and transfer funds.

The Uphold Digital Wallet: Getting Started

Setting up your digital wallet involves three easy steps:

  1. Registering an account on Uphold
  2. Verifying your identity with Uphold
  3. Organizing your dashboard

We’ll walk through each of these steps in order, but if you’ve already completed one of the steps you can skip forward to the next section.

Registering Your Uphold Account

Getting started with Uphold is as simple as registering an account by clicking here and following the instructions. Aside from your name and email, you will need to submit your date of birth and mobile phone number.

Your phone number is principally used to complete two-factor authentication. Two-factor authentication (2FA) helps to keep your account secure.

Here’s how 2FA works: You will receive a text message with a code to the phone number you submit. You will need to enter the code to complete your registration.

If you are a resident of China, you will also be required to submit a government issued identification number to complete registration.

Verification: Unlocking All Of Uphold’s Features

Now that your account is set up, it’s easy to become a verified Uphold member.

On the Uphold platform, members who verify their identity have full access to all of our tools and perks. Unverified members can still access our platform, but are subject to certain limitations.

If you are unverified, your transaction ceiling is $1,000 U.S. dollars. We require our members to be verified when the total value of their lifetime transactions (not including the addition of funds to their accounts) goes above $1,000 US dollars.

Once you’re ready to get verified, go to your dashboard and open the membership tab. Then click “start” to begin the process.

To initiate the verification process, we ask that you submit the following:

  • Your current residential address
  • A clear photo of your face
  • Your Social Security Number (U.S. residents only)
  • Upload one of the following valid government-issued IDs: Passport, National ID Card, or Driver’s License. (To upload, you can either submit a file or use your computer’s camera to create an image of the document.)

If you’re not sure if you’re already a verified member, it’s easy to check. On your dashboard, you’ll see a green checkmark next to your profile in the upper right-hand corner if verification is complete.

Organizing Your Dashboard

The last step to setting up your digital wallet is to organize your dashboard.

The most important part of organizing your dashboard is getting your cards in order. Remember that cards represent your holdings in different forms of currency and commodities (bitcoin, U.S. dollars, GBP, etc.).

Setting up a new wallet is simple. Go to “Add Card/Currency”. Then, name your card and select the currency type.

Once you have added the card, you can click on the card to add funds.

Choose between a bank account, credit or debit card, or cryptocurrency address to transfer funds into your Uphold account. Then you can add the amount of your choosing, and it will appear in the form of currency you’ve chosen.

Now you’re ready to customize, favorite, and add new cards at will. You can also send or receive money to or from anyone anywhere in the world, check your live balances, and track your recent activity.

Finally, you can click on “View More” to see your full transaction history.

Your Digital Wallet is Ready to Go!

We make buying, holding, converting and sending value between the 30+ digital and traditional currencies we support easy for anyone to understand and anyone to do.

This article should not be used as or considered investment advice. If you have questions regarding cryptocurrencies, tokens or any financial investments please consult your financial advisor.

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  • Digital Money Platform
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Uphold Team photo
Written by
  • Digital Money Platform
  • Other

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