After the announcement of his departure from Venezuela, users are wondering how to withdraw their funds from Uphold.
This platform offers two ways to withdraw funds: through a bank account that is linked to the platform and in cryptocurrencies or tokensreviewed cryptonews.
However, some conditions apply. In the first option, it must be remembered that there were never any Venezuelan banks available to carry out this procedure at Uphold, according to the company, due to the strict exchange control established by the national government. Also, for the sanctions that, according to Uphold, are the main reason for his departure from Venezuela.
The second alternative seems to be the most viable, since the tokens and cryptocurrencies can be sent to an external wallet.
In this case, it is necessary to convert all the available balance of the other wallets or cards to the cryptocurrency that will be used for the withdrawal.
In addition, the user must take into account that these conversion operations imply expenses in commissions that Uphold charges for the service.
Withdrawal of funds from Uphold
After selecting the wallet corresponding to the cryptocurrency or token to use, you must select the add funds section and select the option to finance with Uphold Card. Subsequently, the card or wallet is chosen from which the funds will be added to it, the corresponding asset and the option to use all the funds available on this card is marked.
Then, you can see the exchange rate and the Uphodl commission. It only remains to give confirm button. This procedure must be repeated as many times as necessary until all the funds are withdrawn.
To finish processing the withdrawal, you must select the section use funds and then the option send to Cryptocurrency or Utility Token. This will display lists of universal tokens, cryptocurrencies and utility tokens. You have to choose among them the option corresponding to the network of the external wallet where the balance of this account will be sent, he points out cryptonews.
