Uphold and Coinbase are two popular cryptocurrency platforms among today's investors.
While Uphold does allow its members to trade some US securities as well as precious metals in addition to its cryptocurrency, many still prefer Coinbase. This is largely due to its simple user-interface, learning resources, and Coinbase Pro.
In addition, Coinbase also offers a much larger variety of cryptocurrencies available for trading.
So, if you currently have crypto held with Uphold and want to transfer to Coinbase, you are in luck. Whatever the reason may be for wanting to transfer crypto from Uphold to Coinbase, we will show you how to execute this transfer step-by-step!
You can complete this process either from a computer or your phone using the two apps.
The process is done through 4 simple steps:
Let's dive into each of these steps in more detail.
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Coinbase is a fan-favorite when it comes to cryptocurrency.
With over 100 cryptos available for trading and even more to monitor, Coinbase has one of the largest collections available. Members also love the simple navigation and user-interface. For those that are more advanced, they also offer a pro version with lower fees and a number of added perks.
Not only is Coinbase one of the largest crypto platforms, but also the oldest. Coinbase launched in 2012 and has been a leader in crypto ever since.
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Opening a Coinbase account is fairly straightforward and can be completed with the following process:
In order to send or receive crypto, you will need to verify your Coinbase account.
When setting up a new Coinbase account, you are allowed to skip verification and do it later. However, to perform a transfer, you do need to verify your account.
This verification is done through uploading a photo of your driver's license or other state issued ID:
If the images are clear and match your information on file, your account should be verified in minutes.
Coinbase will send you an email with the outcome of the verification process. They will also email you in the event that they need additional information from you to verify the account.
In order to transfer crypto out of Uphold, you will need an external address. In this case, the external address would be a crypto's wallet within Coinbase.
Finding this wallet's address in Coinbase is easy:
Withdrawing crypto from Uphold is actually pretty simple.
However, there are applicable fees to be aware of. When you transfer crypto off of the platform, you will incur a $2.99 withdrawal fee.
To see a list of all Uphold fees, take a look at their fee schedule.
To initiate a transfer, you will need to start a withdrawal:
Transferring crypto from Uphold to Coinbase is a fairly simple process. Because the transfer will incur fees, it is best to plan out your transfers to minimize fees. For example, if you have numerous crypto assets in Uphold that you are looking to transfer, you may want to exchange them all for the same currency first. As a result, you would only be doing one transfer/withdrawal instead of multiple.
This process can be completed in the app or on the desktop version. Either way, the process only takes a few minutes to complete.