When looking at the potential of the crypto market, it can get quite scary. The reason for this is because the current market cap is $383,304,857,171 despite the average person having no idea how to purchase it....... A statistic the other day revealed the fact that only 5% of the population is said to be investing in crypto markets. Whats even scarier is that we bet a majority of those investors are on platforms such as Coinbase that only offer 4 cryptos out of thousands (Bitcoin, Bitcoin Cash, Ethereum and Litecoin). Many default to their platform because its easy to sign up and deploy capital to these 4 options above. Platforms like Uphold open up the floodgates to opportunities though. The reason for this is because you can simply add funds from a credit/debit card and choose where that capital goes.
Verification:
Back in the day, it was easy to sign up on platforms such as Coinbase and get right to work. Overtime as the demand for cryptos grew, verification became more strict. It's not out of the ordinary for the verification process to take weeks on Coinbase in order to get access to their platform. This has caused many to take their business elsewhere. Due to ease, Uphold has become our favorite platform. As of recent, the verification process of Uphold has been same day to obtain access. They require information from users, but you can be up and running same day which is very efficient.
How to use Uphold:
Once you get access to Uphold, you can add your debit card and load funds to the platform. As you can see above there are many options to load the card. We used the "add funds from credit/debit card" because it instantly adds the funds point of use. The benefit here is based on experience, card providers that were rejected on Coinbase were accepted on Uphold. It's not like we were trying to use no name cards on Coinbase. These were big name providers that were getting pushback on Coinbase but working on Uphold.
Once funds are loaded to your debit card on the platform, your balance will appear on the upper left where it currently saids $0.00 USD. After you fund your card, you can then send that cash to other cards on the platform. You can see the drop down has many different options such as BTC card and XRP card. Let's say we wanted to send our available funds to the BTC card. It would then load that card and be ready to use those funds.
Once those funds are sent, your BTC card above would show a balance. You can see the one above has literally nothing currently in it. IF you send $200 from your debit card to this BTC card it would be reflected in the balance above. Once your BTC card is funded, it would be ready to send to whatever destination you choose. Many people have their own Bitcoin wallet or address they could then send the funds. You would then click on the right where it saids send to cryptocurrency or utility token. This means you could send your Bitcoin to your current Bitcoin wallet such as Coinbase or Bitstamp wallet.
You can then send your available Bitcoin balance to any wallet address. For example, if you are currently using Coinbase or Bitstamp you have a wallet address affiliated with those platforms for Bitcoin. You would simply copy and paste your address above and allocate how much of your Uphold balance you want to send point of use. After you fill in the inputs above you are all done. The transfers usually take around 15 minutes for Bitcoin for it to go from Uphold to your current Bitcoin address on a platform such as Coinbase or Bitstamp. Every platform needs to make money someway usually through transactions. The main way Uphold makes its money is when you load your Debit card on the platform. When you transfer funds from your debit card to Uphold they will take some upfront cash. On a typical transfer of $200 from your debit card to Uphold platform, they will charge around $7.98. With this being said, you would then have $192.02 in available cash on the platform to load your Bitcoin card with. Once your load your Bitcoin card with that $192.02 you can then transfer that balance to your desired Bitcoin deposit address.
留言