How Do I Increase My Spending on Uphold?

Uphold is a cloud-based financial platform that allows users to buy, sell or trade up to 27 different fiat currencies, 58 cryptocurrencies and four precious metals securely and quickly. Like all platforms, Uphold does have daily transaction or spending limits; however, there are some steps you can take to increase your spending limit on Uphold. How do you increase spending on Uphold? You can learn more about account limits and spending by contacting customer support here, and you can follow the steps below to manage your spending limits.

Minimum Requirements

There are certain minimum requirements that must be met to use the Uphold platform. These requirements are:

1. Enroll providing your full legal name.
2. Enter and verify your email address.
3. Provide date of birth verification.
4. Include your phone number/contact number.
5. Submit a copy of your official government issued identification (such as a driver's license or passport).
6. Agree to the Uphold terms and conditions.

If you wish to add or remove through a fiat transfer, the following minimum qualifications must be met.

1. A bank account or credit card must be added and verified.
2. Provide any additional details Uphold requests such as social security card or additional government issued identification/documentation.
3. Documentation verifying your address.
4. There may also be wait times for transactions to complete based on the amount.

Increasing Your Spending Limit

Uphold does place daily transaction limits on accounts to help safeguard assets; however, there are some steps you can take to increase your limits. Limits are based on the type account you have and the volume of transactions you complete. Below is information on how to increase spending.

1. If your current spending is below the limits set by Uphold, simply increase the amount you are moving in the account to the pre-set limits.
2. When you wish to move more assets than the current limits, you can reach out to customer support here and request a limit increase.
3. You can also email Uphold at support@uphold.com to request a limit increase. In the email include your full legal name, account information, reason for requesting the increase, and attach any supporting documentation to the email.
   
4. Requests can also be made using the "Submit a Request" form on the Uphold website.
5. Uphold does not guarantee limits will be increased and each requests is handled on a case-by-case basis.
6. You may also be required to submit (at your expense) a request to enhanced due diligence measures before your spending limit is increased.

Increasing your spending limit can increase your returns on investments; however, it also comes with risk of loss. To help prevent this, Uphold does set daily limits on transactions for user protection. For more information on limits and how to increase them, contact Uphold customer support here.