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Written by Drew Cochran on February 2, 2022
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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!

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1. Create Your BlockFi Account

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

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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

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