Uphold makes buying bitcoin using your bank account easy. Keep reading to learn how!
For those first time buyers of bitcoin or any cryptocurrency, you may be wondering how to easily and securely connect a bank account to add funds to your digital wallet. After all, the whole idea of cryptocurrency is to cut out the “middleman” institution of banks. Can you really buy bitcoin with a bank account?
You need a digital money platform that has the capability to transfer your funds from anywhere: bank accounts, debit cards, credit cards—even from other cryptocurrencies.
That’s why our verified members love Uphold. We offer the flexibility and security needed to quickly and easily transfer funds into your digital wallet. Whether you are buying your first portion of BTC or need to move BTC back to US dollars or another, more stable fiat currency, transactions are fast.
Here’s how to buy bitcoin on Uphold using a bank account:
How to Buy Bitcoin Through Uphold
First, if you don’t already have one, you’ll need to sign up for an Uphold account.
- Click the green “Sign Up” button in the top right corner of the website.
- Connect your email and create a password. (Don’t forget to select the box to stay up to date on our new features).
- Add or update your personal information.
- Confirm your account.
Next, you’ll need to become a verified member. This can be done in a few easy steps. Once that’s done, you can start transferring money from your bank to your Uphold wallet!
After creating your account, you’ll be able to convert your money into Bitcoin, Litecoin, Ethereum, and DASH—as well as 30+ supported digital and traditional currencies.
How to Buy Bitcoin With a Bank Account
Click on the “Bitcoin” card on the dashboard. This will take you to a new screen. At the top of the screen, click the heading labeled “Add Funds”.
You’ll be guided to a new screen with several options. If you’re in the US, click the button labeled “from U.S. Bank Account”.
You’ll be guided to a screen that asks you how much of your wallet’s selected currency you want to convert into bitcoin. If you haven’t already linked your bank account, you’ll be prompted to enter your banking information. Have your routing number, account number, and billing address ready.
Note that your Uphold account name must match the name on your bank account. This is done to protect the security of Uphold’s users.
You’ll be asked to confirm the transaction before it goes through. It’s that simple.
Keeping Users Protected with Responsive Features
One of Uphold’s biggest innovation isn’t just its simplicity—it’s also the security that the platform brings to its members. Uphold allows members to convert their money back and forth between any currency card with unprecedented speed. As a result, members never have to worry about having their investment money being locked up in an asset that’s depreciating in value.
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.
As always, your feedback is important to us. Feel free to drop us a line at [email protected]
This article should not be used as or considered investment advice. If you have questions regarding any financial investments please consult your financial advisor.