If you are looking to buy and sell Bitcoin using Uphold, then you have come to the right place. This article will cover a detailed guide on how you can buy your very first Bitcoin using Uphold to start your Bitcoin trading journey.
Bitcoin is a type of cryptocurrency. Cryptocurrencies are, simply put, digital money that has no physical form. As such, entire currencies are bought, sold, or used in the digital world.
Bitcoin gained popularity in recent years and subsequently brought the world of cryptocurrencies to the forefront. This was when many people made millions from trading in Bitcoin, giving rise to its popularity.
With such profit to be made, trading in Bitcoin is a good option to consider. If you are looking to trade Bitcoin, then Uphold is certainly a great place for you.
Uphold is an online platform made for trading cryptocurrencies, including Bitcoin. So, with your interest, let’s take a closer look at what uphold is for a much clearer understanding.
What is Uphold?
Uphold is an online website created to trade cryptocurrencies and precious metals that have since expanded to stock trading. Although, for now, you can only use it to trade stocks in certain countries, such as the USA and Europe.
With Uphold facilitating more than 200 different types of cryptocurrencies, it is no surprise that it has attracted more than a million users to itself. And these millions of users mean that you have a larger market among which you can buy and sell Bitcoin.
Now that we have covered what Uphold is and what makes it a great choice when it comes to buying and selling Bitcoin, let’s take a look at how you can use it to do just that.
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Buying Bitcoin Using Uphold: A Detailed Guide
To start off, create an account on the Uphold website. This will be similar to creating an account anywhere.
- Simple: enter your email address and choose a password.
- For added security, the website will then ask you for some basic details such as your name, age, country, and birthday.
- Type those in to finish creating your account.
- After that’s done, congratulations! You’re now ready to trade on Uphold!
- Next up is funding your new account head over to the “Add Funds” tab, where you can add funds from other payment methods like bank transfers or credit or debit cards (Visa or MasterCard).
- The minimum amount required for deposit depends upon the payment method used, but usually, it’s around $20–50 USD equivalent value in cryptocurrency or fiat currency, depending upon what type of asset class (cryptocurrency or fiat) you are depositing into.
- Once deposited, your fund should be available within 24 hours after the approval process has been completed successfully.
Now comes the fun part: purchasing Bitcoin!
- Head over to the “Exchange” tab, where all types of cryptocurrencies are listed along with their respective prices and market trends.
- Select BTC from the list and enter the desired amount, then click the exchange button, and that’s it.
- Your transaction will be processed within seconds, and the balance will be credited to your wallet instantly.
- You can also use advanced features like limit orders if needed while exchanging digital assets at any time during the day or night without any hassle.
And there you have it. That’s how simple the entire procedure of buying Bitcoin is when using Uphold. So don’t wait any longer and create your own Uphold account today to start investing in the crypto world securely.