BlockFi is pretty popular in the crypto world, offering easy to use interest-earning crypto accounts and even crypto backed loans.
Uphold is a newer crypto exchange offering a decent selection of tokens, however they are known for having virtually no fees.
Regardless of why you might want to try out Uphold, here's your step-by-step guide on how to make your first transfer from BlockFi to Uphold!
Already have an Uphold account? Head on over to Step 2!
Click the button above to download Uphold or sign up via the link here.
First, you'll enter some account credentials - your email and a new password, and your country of residence and citizenship. Then you'll need to read and click agree with Uphold's terms of service, assuming you do agree.
Next, enter your first and last name, the territory where you live, and your birth date. Then you'll choose your account username and Uphold will send you a confirmation email. Open the email to continue signing up.
After that, you'll need to sign up for 2-factor authentication, which Uphold uses for extra security for all its user accounts.
"2FA" works by requiring you to confirm inside of the authenticator app that it's actually you signing into Uphold. Uphold uses the Authy app for 2FA.
You'll have to download Authy and sign up using your phone number (this only takes a second or two).
Finally, when your Uphold account has been fully set up, you'll need to verify your identity.
This process doesn't take long either. You'll need to confirm your current address, and upload a photo of a valid ID like your driver's license, as well as a selfie to verify.
Now we'll need to grab your Uphold private wallet address, so we know where to send your crypto.
You want to make sure the address you copy on Uphold is the same type of crypto you plan on sending over from BlockFi, such as Bitcoin.
Sign in to your Uphold account, and follow the steps below:
Now that we have your Uphold wallet address copied, we can finish your withdrawal inside BlockFi:
BlockFi withdrawals can take anywhere from 1 to 2 business days due to security protocols, so don't be alarmed if you don't get a notification right away.
Also, with BlockFi you only get 1 free crypto withdrawal per month. Beyond that, you will pay fees on withdrawals. Be sure to consider these fees before initiating multiple withdrawal requests.