Key Takeaways
- Uphold is a multi-asset digital money platform that allows users to invest in various assets such as cryptocurrency, fiat currencies, stocks, and precious metals. The platform is user-friendly and easy to navigate.
- Withdrawing money from Uphold to your bank account is a simple process that involves only five steps, including logging in to your Uphold account, setting up your bank account for withdrawal, selecting the asset you want to sell, choosing the bank account to withdraw to, and waiting for your money to arrive in your bank account.
- To set up your bank account for withdrawal, you need to click on the dropdown menu in the 'To' field and follow the necessary steps to link your bank to your Uphold account.
- After selecting the asset you want to sell and choosing the bank account to withdraw to, you will need to enter the 6-digit 2FA code to finalize the transaction. It may take between 2 to 5 business days for your money to arrive in your bank account.
Uphold is an excellent multi-asset digital money platform, allowing users to invest in assets such as cryptocurrency, fiat currencies, stocks, and precious metals. It is extremely easy to use due to its simple interface where you can trade any asset for another in a couple of clicks.
Withdrawing money from Uphold to your bank account is also very simple, and we will show you how to do this in our step-by-step guide, complete with screenshots.
How to withdraw money from Uphold?
There are only five steps to withdraw money from Uphold to your bank account. We will explain each step below, with screenshots from our Uphold account to help you follow along.
Step 1: Log in to Uphold, and go to Transact
Step 2: Set up your bank account for withdrawal
Step 3: Select the asset you want to sell
Step 4: Choose the bank account to withdraw to
Step 5: Wait for your money to arrive in your bank account
Step 1. Log in to Uphold, and go to Transact
The first step is to sign in to your Uphold account. Once you have logged in, you will see a screen like the one below. On the right side, you will see the 'Anything to Anything' panel. We will be using this area of the website to withdraw money from Uphold to your bank. Click on 'Transact' if it is not already highlighted in green.
Step 2. Set up your bank account for withdrawal
Next, we are going to add your bank account to your Uphold account, so that you can easily make your withdrawal. Click on the dropdown menu in the 'To' field (shown by the blue arrow below).
You will see a list of available assets and accounts. In the section titled 'My banks' you will see a + symbol (see blue arrow in screenshot below). Click on this to link your bank account to Uphold, enabling you to withdraw money.
You need to choose the currency of the bank account and click on it. In our guide, we will be withdrawing to a US bank account, so we select US Dollar.
Follow the necessary steps (e.g. entering TIN and bank account details), to link your bank to your Uphold account.
Step 3. Select the asset you want to sell
Now that your bank account is set up, you are ready to choose which asset you want to sell. With Uphold, it is very convenient, you don't need to convert your asset to USD (or another fiat currency) before you withdraw. You can directly sell and withdraw money in the one transaction.
For example, if you want to sell Bitcoin and withdraw money to your bank account, simply select 'Bitcoin' in the 'From' field, and select your bank account in the 'To' field. Uphold will automatically sell the Bitcoin at the current rate, and transfer the US dollar amount straight to your bank.
Click on the dropdown arrow in the 'From' field (see blue arrow below).
You can scroll down to see the full list of assets that you can choose from. Click on the asset you want to sell. In our example, we will select 'Bitcoin'.
Step 4. Choose the bank account to withdraw to
Now you will see a screen like the one below. Click on the dropdown arrow in the 'To' field (see blue arrow) to select your bank account that you wish to withdraw to. Select the amount you want to withdraw, and then click the green button to confirm the transaction.
You may need to enter the 6-digit 2FA code as generated by your Google Authenticator app, to finalize the transaction.
Step 5. Wait for your money to arrive in your bank account
You have successfully processed the withdrawal of money from Uphold to your bank account. Now you just need to wait for it to arrive. This can take between 2 to 5 business days. If more than 5 business days have passed and you don't see your money in your bank account, contact Uphold customer service, using the Chat button at the bottom right of the site.
If any of the instructions in this guide are unclear, or you are having any other issues with your Uphold account, you can easily contact the live chat team, who can assist you.
Frequently Asked Questions
Yes, you can withdraw money from Uphold directly to your bank account. Simply follow the steps in our guide above to help you.
Go to the 'Transact' option, and select the 'To' option. You will see a section titled 'My banks'. Click on the + symbol to add your bank account. See Step 2 in our guide for more information.
It can take between 2-5 business days for money to transfer from your Uphold account to your bank.
Uphold does not charge a fee for withdrawing your assets, but they do charge a spread.
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