Uphold makes buying bitcoin using your bank account easy.
For those first-time buyers of bitcoin or any cryptocurrency, you may be wondering how to easily and securely buy bitcoin. After all, the whole idea of cryptocurrency is to cut out the “middleman” institution of banks. Can you really buy bitcoin with a bank account?
The answer is yes! But you will need a digital wallet that has the capability to transfer your funds from anywhere: bank account, debit/credit card —even from other cryptocurrencies.
Uphold has made it easy for our members since we offer the flexibility and security needed to quickly and easily transfer funds into/out of your digital wallet. Whether you are buying your first portion of BTC or need to move ETH back to U.S. dollars or another, more stable fiat currency, transactions are easy to navigate and instant!
Here’s how to buy bitcoin on Uphold using a bank account:
How to Buy Bitcoin Through Uphold
First, if you don’t already have one, you’ll need to sign up for an Uphold account.
- Click the green “Sign Up” button in the top right corner of the website.
- Connect your email and create a password. (Don’t forget to select the box to stay up to date on our new features).
- Add or update your personal information.
- Confirm your account.
Next, you’ll need to become a verified member. This can be done in a few easy steps. Once that’s done, you can start transferring money from your bank to your Uphold wallet!
After creating your account, you’ll be able to convert your money into Bitcoin, Litecoin, Ethereum, and DASH—as well as 30+ supported digital and traditional currencies.
How to Buy Bitcoin With a Bank Account
Click on the “Bitcoin” card on the dashboard. This will take you to a new screen. At the top of the screen, click the heading labeled “Add Funds”.
You’ll be guided to a new screen with several options. If you’re in the US, click the button labeled “from U.S. Bank Account”.
You’ll be guided to a screen that asks you how much of your wallet’s selected currency you want to convert into bitcoin. If you haven’t already linked your bank account, you’ll be prompted to enter your banking information. Have your routing number, account number, and billing address ready.
Note that your Uphold account name must match the name on your bank account. This is done to protect the security of Uphold’s users.
You’ll be asked to confirm the transaction before it goes through. It’s that simple.
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This article should not be used as or considered investment advice. If you have questions regarding any financial investments please consult your financial advisor.