How to Buy Crypto on Uphold Using Faster Payments (FPS) or Your Bank Account and CoinJar
In this article...
- Uphold have temporarily and partially paused deposits using Faster Payments via
- If you still wanted to use your bank account to buy crypto, there is a workaround
- Here's how to use CoinJar to work around the Faster Payments pause on Uphold
With Uphold temporarily disabling Faster Payments (FPS) bank transfers from UK bank accounts as of 29th October 2025, Uphold customers are looking for alternative ways to fund their crypto accounts. CoinJar offers a solution, allowing you to buy cryptocurrency by sending British pounds directly from your bank account to CoinJar, buying crypto and transferring it to Uphold. Here’s how to avoid the fees typically associated with debit and credit card purchases.
Why Use CoinJar for Bank Transfers?
CoinJar continues to support direct bank transfers from UK bank accounts, making it an ideal bridge for Uphold users who prefer Faster Payments. You can buy crypto with CoinJar using your bank account, then transfer it to Uphold for trading or holding.
How to Buy Crypto on CoinJar with Your Bank Account
Step 1: Create a CoinJar Account
If you don't already have one, sign up at CoinJar and complete the verification process. This requires you to pass a quiz and wait for a 24-hour “cooling off” period (all FCA-registered exchanges in the UK require this) and you’ll only have to do this once.
Step 2: Add Funds via Bank Transfer
Log into your CoinJar account
Navigate to the "Deposit" button
Select "Bank Transfer" as your payment method
Note the unique bank details for your CoinJar account (sort code and account number)
Transfer funds from your UK bank account to CoinJar using these details
You should see your funds arrive in your CoinJar account after some time has passed.
Step 3: Buy Cryptocurrency
Once your GBP deposit arrives, go to the "Buy" section
Select the cryptocurrency you want to purchase (Bitcoin, Ethereum, USDT, etc.)
Enter the amount you want to buy
Review the transaction details and fees
Confirm your purchase.
How to Transfer Crypto from CoinJar to Uphold
Once you've purchased crypto on CoinJar, transferring it to Uphold is straightforward:
Get Your Uphold Wallet Address
Log into your Uphold account
Navigate to the cryptocurrency you want to receive
Click "Receive"
Copy your wallet address for that specific cryptocurrency.
Important: Note which network the address uses (especially for tokens like USDT).
Send from CoinJar to Uphold
Option 1:
-Log into your CoinJar account
-Go to the cryptocurrency you want to send
-Select "Withdraw" or "Send"
-Paste your Uphold wallet address
-Enter the amount you want to transfer
-Double-check the wallet address
-Review network fees
-Confirm the transaction.
The travel rule imposes restrictions on cryptocurrency transfers from registered exchanges, so be aware that some delays may occur due to this. Keep an eye on your notifications and contact CoinJar customer support if you need help.
Your crypto will arrive in your Uphold wallet when everything is processed.
Option 2: Transfer Crypto to a Self-Hosted Wallet and Then to Uphold
Alternatively, you can send your cryptocurrency from CoinJar to a self-hosted wallet (e.g., MetaMask, Phantom) before transferring it to Uphold. This could be faster than option 1 because of the travel rule.
###Step 1: Set Up Your Self-Hosted Wallet
If you don’t already have a self-hosted wallet, download and set up a wallet like MetaMask (for Ethereum-based tokens) or Phantom (for Solana-based tokens). Follow the wallet’s instructions to create a new wallet and securely store your recovery phrase.
Step 2: Withdraw Crypto from CoinJar to Your Self-Hosted Wallet
Log into your CoinJar account.
Navigate to the cryptocurrency you wish to transfer.
Select "Send."
Open your self-hosted wallet (e.g., MetaMask or Phantom) and copy the wallet address for the specific cryptocurrency.
Paste the address into CoinJar’s form.
Enter the amount you want to transfer.
Double-check the wallet address and ensure the network matches (e.g., ERC-20 for Ethereum-based tokens).
Review CoinJar’s network fees and confirm the transaction.
Wait for the crypto to arrive in your self-hosted wallet (this may take a little while depending on the blockchain).
Step 3: Transfer Crypto from Your Self-Hosted Wallet to Uphold
Log into your Uphold account.
Navigate to the cryptocurrency you want to receive and click "Receive."
Copy your Uphold wallet address for that cryptocurrency, ensuring the network matches (e.g., ERC-20, Solana).
Open your self-hosted wallet and select the option to send crypto.
Paste the Uphold wallet address.
Enter the amount to transfer and review any network fees.
Confirm the transaction in your self-hosted wallet.
Step 4: Verify Receipt in Uphold
Once the transaction is confirmed on the blockchain, your crypto should appear in your Uphold wallet. This typically takes a few minutes but may vary depending on network congestion.
Transfer Crypto to a Self-Hosted Wallet
You may want to transfer the crypto from Uphold to an external wallet.
Step 1: Withdraw Crypto from Uphold to Your Self-Hosted Wallet
Log into your Uphold account.
Navigate to the cryptocurrency you wish to transfer.
Select "Withdraw".
Choose the account (or “card” as Uphold calls it) to withdraw from.
Select “crypto networks” as the destination.
Open your self-hosted wallet (e.g., MetaMask or Phantom) and copy the wallet address for the specific cryptocurrency.
Paste the address into Uphold’s form.
Enter the amount you want to transfer.
Double-check the wallet address and ensure the network matches (e.g., ERC-20 for Ethereum-based tokens).
Review Uphold’s network fees and confirm the transaction.
Wait for the crypto to arrive in your self-hosted wallet (this may take a little while depending on the blockchain).
Supported Cryptocurrencies
Both CoinJar and Uphold support major cryptocurrencies including:
Bitcoin (BTC) Ethereum (ETH) Litecoin (LTC) XRP (Ripple) Stablecoins like USDT and USDC
Check both platforms to ensure the specific crypto you want to transfer is supported on both exchanges.
Fees to Consider
When using CoinJar as a bridge to Uphold, be aware of these potential fees:
-CoinJar deposit fees: Free for UK bank transfers
-CoinJar trading fees: Charged when buying crypto
-Network fees: Blockchain transaction fees when sending crypto. Note: There are some cryptocurrencies that have no network fees on CoinJar.
-CoinJar withdrawal fees: May apply depending on the cryptocurrency
-Uphold fees: No deposit fees for crypto transfers
Important Safety Tips
Always Verify Wallet Addresses
Cryptocurrency transactions are irreversible. Always double-check wallet addresses before sending. Consider sending a small test amount first for large transfers.
Use the Correct Network
For tokens like USDT that exist on multiple networks (ERC-20, TRC-20, etc.), ensure both CoinJar and Uphold are using the same network. Sending on the wrong network can result in permanent loss of funds.
Enable Two-Factor Authentication
Protect both your CoinJar and Uphold accounts with 2FA for enhanced security.
Keep Records
Save transaction IDs and confirmations for your records and tax purposes.
Benefits of the CoinJar-Uphold Method
Bank transfer access: Continue using bank transfers to fund your crypto purchases despite Uphold's restrictions.
Flexibility: Buy crypto on CoinJar and transfer it to Uphold, or vice versa, depending on your needs.
No card fees: Avoid the higher fees typically associated with debit and credit card purchases.
Alternatives to Consider
While CoinJar provides excellent bank transfer support, Uphold still offers funding via:
Debit or credit card Apple Pay Google Pay Direct crypto transfers from other wallets
How to Use Your Bank Account to Buy Crypto on Uphold
While Uphold has disabled bank transfers for UK users, CoinJar provides an effective workaround. By buying crypto on CoinJar with your bank account and transferring it to Uphold, you maintain access to affordable funding options without relying on card payments. The process is straightforward, secure, and gives you flexibility across two trusted platforms.
Understanding how to move assets between CoinJar and Uphold ensures you're never locked out of affordable funding options for your crypto portfolio.
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Standard Risk Warning: The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies.
The article is provided for general information and educational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.
Capital Gains Tax may be payable on profits.
CoinJar's digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments.
You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong.
The performance of most cryptocurrency can be highly volatile, with their value dropping as quickly as it can rise. Past performance is not an indication of future results.
Remember: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
UK residents are required to complete an assessment to show they understand the risks associated with what crypto/investment they are about to buy, in accordance with local legislation. Additionally, they must wait for a 24-hour "cooling off" period, before their account is active, due to local regulations. If you use a credit card to buy cryptocurrency, you would be putting borrowed money at a risk of loss.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.
Your information is handled in accordance with CoinJar’s Privacy Policy.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.
We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
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