Investing Simple Logo
Menu
Webull free stock promotionWebull is a free stock trading app that can allow you to earn compound interest by investing in the stock market.
Get Up To 12 Free Stocks Worth Up To $30,600!
Webull is a commission free stock and crypto trading platform. Right now, Investing Simple readers can get up to 12 free stocks with their current promotion. Open an account to receive 2 free fractional shares worth $3 to $300. Deposit any amount of money to receive 4 to 10 more free fractional shares worth $7 to $3,000. Promotion expires 10/31/2022.
Get $5 FREE Bitcoin From Coinbase Today
Coinbase is offering new users a $5 bonus paid in Bitcoin. All you have to do is make your first crypto purchase after signing up.
Written by Drew Cochran on February 2, 2022
Category: 
FTC Disclosure

How To Transfer From Uphold To BlockFi 2022

Uphold is a crypto exchange where you can easily purchase XRP in addition to countless other cryptocurrencies.

BlockFi, on the other hand, is a platform primarily for earning interest on crypto deposits. They have other features as well, such as a crypto rewards credit card. However, they are most well known for their interest accounts.

Maybe you're looking to see what BlockFi can offer your crypto portfolio, and you want to send over some of your crypto from Uphold.

Here's our step-by-step guide to transfer your crypto from Uphold to BlockFi!

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload
Webull LogoWin Up To 12 Free Stocks Worth Up To $3,000 EachDownload
M1 Finance Robo Advisor$10 Bonus (When You Deposit $100+)Download
Moomoo LogoWin Up To 5 Free Stocks Worth $3 To $2,000 EachDownload
Acorns LogoFree $10 Bonus When You Invest $5+Download

1. Create Your BlockFi Account

Already signed up with BlockFi? Skip down to start step 2!

Use the button above to earn up to $250 in free Bitcoin!

When opening a BlockFi account, you'll need to have the following:

  • Social security number
  • Phone number
  • Valid ID
  • A real-time selfie

In order to sign up with BlockFi, you'll have to be 18 years or older. BlockFi's features are not available in all 50 states, including New York and Kentucky.

Check and make sure you're state is in the clear here!

During signup, you'll have to make a new password, check their terms of service, and go through their ID verification process. This includes taking a photo of the front & back of your driver's license.

When BlockFi verifies your info and approves you, you'll receive an approval email with steps to sign in.

Getting approved usually just takes a few minutes, but it could potentially take up to 1-2 business days.

2. Locate And Copy Your BlockFi Wallet Address

Before we go into Uphold, we'll need to grab your BlockFi wallet address.

After setting up your account, you can log in and start your deposit.

  1. From your app or browser, click on the "Deposit" button
  2. Select the cryptocurrency you would like to deposit
  3. Copy your wallet address to paste into Uphold

We won't be finishing the deposit here, but on Uphold instead.

Currently, BlockFi only supports Bitcoin, Ethereum, Chainlink, Litecoin, USDCoin, BUSD, PAXG, USDP, DAI, Tether, UNI and BAT.

You won't be able to send other cryptocurrencies, such as XRP, to BlockFi. The above list are the only cryptocurrencies you are able to send to BlockFi from Uphold.

3. Withdraw From Uphold

Now that everything's in place, we can go into Uphold and move your cryptos to BlockFi.

  1. Choose the "Transact" button at the bottom of the app (or on the right in your browser)
  2. On the transact screen, press the "From" field, and enter the crypto you'd like to withdraw
  3. Enter the amount of funds you'd like to withdraw
  4. Click "To" and choose the correct crypto network of the coin you're transferring
  5. Select "Preview Withdraw", and paste your BlockFi wallet address
  6. Click "Confirm", and enter your 6-digit code from your Authenticator App

Depositing crypto to BlockFi generally takes around a half hour to an hour, so sit tight.

Also, when moving certain tokens such as BAT, you may have to pay extra in gas fees for the transaction.

Article written by Drew Cochran

Platform Reviews

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2022 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™
magnifiermenuchevron-downcross-circlechevron-down-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram