Jump to content

Uphold


mm34505
 Share

Recommended Posts

9 minutes ago, mm34505 said:

Does anyone know if Capital One or Citi Visa Credit cards are going through on uphopld?

 

Also what is uphold per day limit to purchase?

Gave it a run once they brought in support for sending to an external wallet. I can't speak for the credit card bit as my transaction tied to a bank account. The most they would let me buy in one day however was $500 USD; beyond that a denial notice would pop up stating that it would be necessary to contact their customer service. For me it ended up mostly as an exercise of curiosity. The fees on buys and send transactions are too high for them to be a compelling alternative.

Link to comment
Share on other sites

I know my chase visa wouldn’t work but my Barclays black master card works and all my debt cards work. None work on the phone app though they get caught up when it attempts to do the Secure 3D verification but on a pc works fine. You gotta just try it and see if your bank allows it. 

Also all my cards first transactions were flagged and denied until I contacted the bank to verify I was making the transaction. 

And I believe the limit is 500 per day usd 

Link to comment
Share on other sites

2 minutes ago, XRPonTheIronThrone said:

Be careful with that 0% APR. If it is allowed, the card company may deem that a cash advance rather than a purchase.

Well I was gonna buy on my capital one then transfer it to my citi so the offer gets activated :)

Link to comment
Share on other sites

25 minutes ago, mm34505 said:

Well Kraken doesn't take credit card either

 

any ideas?

I hate to bring up the dreaded CB but they remain the most fee efficient way I've found to acquire XRP. Transfer cash in to the USD holding account, wait anywhere from one to two weeks for it to clear (If only there was some solution out there to solve that. Perhaps something blockchain based. If only..), then buy Eth using GDAX because the fees are *far* lower than CB proper and the transaction performance is significantly better than BTC, sling it to Binance, swap Eth for XRP, offload XRP to external wallets.

Downsides of this method is it complicates taxes in the US and you can't lock in XRP if the price it's at right this moment is the price you want to buy at. The latter is why I keep some USD standing by in that account. The upside is the significant reduction of the fees and thus more XRP bang for your buck. I had a lot of hope for Uphold but when they jam you at 1.4% to buy and then want nearly 6 XRP per send transaction to an external wallet, that just pisses me off.

Link to comment
Share on other sites

@mm34505, I don't use credit cards to buy. I just add funds from my linked bank account.

The hoop jumping required to use CoinBase to buy XRP is a total PITA. Every XRP buy from CB (and the subsequent transfer/conversion to XRP) triggers a USA tax event and that extra effort isn't worth the slightly lower price to me. Uphold has been worth the 1.4% fee just in terms of my time.

Note that Uphold's fee to transfer to an external wallet is a $2.99 USD + 0.1 XRP flat fee. Doesn't matter how many XRP you transfer - it's always a fixed rate. I'd only transfer large amounts of XRP from Uphold to an external wallet (after testing it, of course) to minimize that fee's percentage of the transfer amount.

I get that if you're a day trader that minimizing fees is a good strategy, but for occasional BHODLers like me, Uphold is way less work.

Edited by n2it
Respond to original post, duh! Correct withdrawal fee.
Link to comment
Share on other sites

Yeah I know I was really looking to use a credit card, I have my bank set up on different exchanges but wanted to utilize my 0% APR

 

guess there is no way to use my CC it seems like

 

UNLESS

 

uphold allows me to buy more then 500 per day waiting to hear back

Link to comment
Share on other sites

9 minutes ago, mm34505 said:

Yeah I know I was really looking to use a credit card, I have my bank set up on different exchanges but wanted to utilize my 0% APR

 

guess there is no way to use my CC it seems like

 

UNLESS

 

uphold allows me to buy more then 500 per day waiting to hear back

Ah, so you have put in a limit increase request, yes?  Good luck!

Link to comment
Share on other sites

2 hours ago, mm34505 said:

CRap, Im looking for a way to use my credit card maybe Kraken?  Got that 0% ARP till next year want a few more while I have that option lol

And that's why unsecured credit cards are being denied by a lot of banks now. To prevent this type of consumer debt that ultimately could leave the issuer holding the bag..

Link to comment
Share on other sites

11 minutes ago, mm34505 said:

UNLESS

uphold allows me to buy more then 500 per day waiting to hear back

If you're waiting to hear back from this forum: you can request bigger limits from Uphold and they'll probably ask for more documentation of your finances. I haven't tried it yet, but might want to if we hit $589 :)

Link to comment
Share on other sites

12 minutes ago, n2it said:

If you're waiting to hear back from this forum: you can request bigger limits from Uphold and they'll probably ask for more documentation of your finances. I haven't tried it yet, but might want to if we hit $589 :)

I sent in all my docs today so just waiting now

 

Not sure why they cap it so low at 500

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.