Most people buy cryptocurrency on a crypto exchange, be that decentralized or centralized.
What Is Uphold?
The mission is to change how people access money by making it possible for everyone to access cryptocurrencies.
This is a step towards ensuring everyone has access to financial services, regardless of their assets.
Uphold also operates acustodial crypto walletwhere you could hold your crypto assets indefinitely.
The Uphold wallet currently supports seven cryptocurrencies, including Bitcoin, XRP, and Ethereum.
How Does Uphold Work?
Uphold is just like any cryptocurrency exchange, only that it supports other non-crypto assets.
After that, you might create a personal or business crypto trading account and trade with zero commission.
Once an account is created and verified, you’re free to buy crypto and start trading immediately.
you might deposit fiat directly into your Uphold account using your card or bank account.
It serves users from 184 countries with over 200 currencies, including crypto and fiat.
Uphold is fully compliant with U.S. laws.
Is Uphold Secure?
Security is a major concern when using a platform like Uphold.
Uphold reduces the impact of attacks on the platform through its layered security system.
The platform is also routinely subjected to security audits and penetration tests.
There are no deposit or withdrawal fees, making it an attractive platform to trade crypto and other assets.
However, Uphold charges spread fees on trades.
Spreads are the difference between an asset’s asking and buying price.
There may be a general deviation from the stated figures in times of market distortions.
Uphold Pros
Uphold Cons
Should You Use Uphold?
Features like trading between asset classes are rare on other platforms, and the convenience is unmatched.
