Uphold Review 2024 USA Crypto Exchange

Uphold Exchange

Uphold is a global, multi-asset digital trading platform with over 10 million users that allows users to buy, sell, trade, and hold over 200 cryptocurrencies, fiat currencies, and precious metals. It is one of the few exchanges offering such a wide range of assets, making it a popular choice for investors and traders.

Uphold was founded in 2013 and is headquartered in London, England. It is available in over 180 countries and has over 5 million users. Uphold is regulated by the UKs Financial Conduct Authority (FCA) and the Financial Crimes Enforcement Network (FinCEN) in the US.

UpHold Features

Uphold offers a variety of features, including:

Buying, selling, and trading cryptocurrencies, fiat currencies, and precious metals
Mobile app
Debit card
Staking and lending
Paycheck deposit
Crypto rewards

UpHold Features

Uphold offers a variety of features, including:

Assets: Buying, selling, and trading cryptocurrencies, fiat currencies, and precious metals
Mobile app
Debit card
Staking and lending
Trading Fees
Security
Pros and Cons

1. UpHold Assets

Assets

Uphold supports over 200 cryptocurrencies, fiat currencies, and precious metals. This makes it one of the most comprehensive cryptocurrency exchanges available.

Uphold supports all of the major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin. It also supports a wide range of altcoins, including Cardano, Solana, and Avalanche.

Uphold also supports a variety of fiat currencies, including USD, EUR, GBP, and AUD. It also supports precious metals, including gold, silver, and platinum.

2. UpHold Mobile App

The Uphold mobile app has a 4.6 score on the App Store and 4.1 on Google Play, which makes it one of the best crypto trading apps. It allows you to purchase and sell over 260 cryptocurrencies, 27 national currencies, 4 precious metals, and more than 50 U.S. stocks (depending on your location). The app is designed for simplicity and is excellent for beginners who want to trade and spend with just a few taps.

One of the most notable features of the Uphold mobile app is its Autopilot tool. This tool lets you create automated, recurring buy orders for any asset at any frequency, helping you dollar-cost average your way into the market.

Additionally, you can create up to 50 simultaneous limit orders of any amount, regardless of your account balance. Uphold charges low fees for fiat deposits and withdrawals and sources assets from 26 different exchanges to find you the lowest price for every order you place.

Uphold is regulated in the US, Canada, the E.U., the U.K., and Australia. The app provides educational content to help users learn about trading and investing. It also allows cross-asset trading between cryptocurrencies and other assets

Here are some of the critical features of the Uphold mobile app:

Buy, sell, and trade over 200 cryptocurrencies, fiat currencies, and precious metals
View your portfolio and track your balances
Make deposits and withdrawals
Set up price alerts and receive notifications
Use advanced trading features, such as limit orders, stop-loss orders, and take-profit orders
Send and receive money from other Uphold users
Pay for goods and services with your Uphold debit card
Stake and lend your assets to earn rewards

3. Uphold debit Card

The Uphols debit card card lets you spend crypto, national currencies, and commodities wherever Mastercard is accepted and earn cryptoback (like cashback but with crypto) along the way. You set your funding source in the app (choosing from any asset Uphold supports), and thatll be used for purchases until you change it.

The Uphold debit card has no annual or transaction fees and offers 0% foreign transaction fees when traveling abroad. You can track your spending in real-time, receive instant spending notifications, and withdraw crypto as cash from any ATM 1. The card also supports Apple Pay and Google Pay for safer and faster payments.

The card is exclusively available in the UK.
Avoid referring to the card as a debit card.
Users enjoy 2% cashback in XRP on national currency expenditures.
The card has global usability with zero foreign transaction fees and competitive FX rates.

The Uphold Card is issued by Optimus Cards UK Limited, a principal member of Mastercard and fully authorized by the FCA.

4. UpHold Staking and Lending

Uphold is a cryptocurrency trading exchange that offers a wide range of assets, including cryptocurrencies, precious metals, and national currencies. Upholds staking feature works with blockchains that use Proof Of Stake (PoS) as a consensus mechanism for validating and processing transactions and creating new blocks in a blockchain.

Owners of a crypto asset pledge their coins to a validator (through Uphold and its partners) as part of this governance process. Uphold only offers network function staking and never lends assets to third parties to generate a yield. This keeps customer assets on the platform and does not expose them to unknown lending risks.

Uphold supports staking for several cryptocurrencies, including ADA, SOL, ATOM, TRX, XTZ, FLOW, MINA, KSM, DOT, ETH, ALGO, MATIC, KAVA, AVAX, AUDIO, BAND, GRT, LPT, CSPR, NEAR, ROSE, ZIL, INJ, FTM, SKL, ONE, CELR, HBAR, FET, TFLR and SGB. The minimum stake amount varies depending on the asset and ranges from 0.01 ETH to 10 CSPR. The maximum unstaking limit per week varies depending on the asset and ranges from 150k ADA to 7.5 million CSPR. Read more about the best exchange to stake ETH.

Staking rewards are calculated based on the number of coins staked and the duration of the stake. The APY rate also varies depending on the asset and ranges from 0.5% for ADA to 25% for LPT. Staking rewards are credited to your account daily.

Please note that staking involves risks such as slashing risk (the penalty for malicious behavior), market risk (volatility in the price of the asset), and liquidity risk (inability to sell the asset when needed). Doing your own research before making any decisions is always a good idea.

Staking is not available for our US users.

5. Uphold Trading Fees

Upholds fee structure is transparent and easy to understand. The exchange charges a spread fee for every trade, the difference between an assets buy and sell prices. The spread fee varies depending on the asset and ranges from 0.2% up to 1.5%.

Uphold also charges a withdrawal fee for cryptocurrencies that varies depending on the asset and ranges from $0.99 to $3.99. The exchange does not charge any deposit or withdrawal fees for fiat currencies.

Upholds trading fees are higher than other exchanges, especially for lower-volume cryptos and when markets are volatile. However, the exchange offers many assets, including over 250 cryptocurrencies for international users. It also provides educational content to help users learn about trading and investing.

Spread: Up to 1.5%
Trading: $.99 for trades under $500
Debit/Credit Card Transactions: 2.49% (both deposits and withdrawals)

6. Uphold Security

Uphold is a multi-asset trading platform that provides financial services to the global market across various assets. Upholds security protocols are designed to safeguard the unique digital money platform from hackers and to maintain the networks overall security. Software and security patches are checked and updated regularly, and all emails may be secured using encryption.

Uphold enforces Role-Based Access for sensitive operations or functions. Smart Card Access readers are employed at all office locations, which control access to the main spaces and sensitive operational areas.

Upholds numerous patent-pending and proprietary technologies, including the Reserveledger and Reservechain, vetted by regular independent audits, allow you to verify our obligations, transaction flows, assets, and solvency.

7. UpHold Pros and Cons

Pros:

Offers many assets, including over 250 cryptocurrencies, for international users.
Provides free educational content to help users learn about trading and investing.
Allows cross-asset trading between cryptocurrencies and other assets.
Regulated in the US, Canada, the EU, the UK, and Australia.

Cons:

Charges spread fees that can be high for low-liquidity cryptocurrencies.
It has high fees, especially for lower-volume cryptos, and at times when markets are volatile.
Does not offer volume discounts for larger purchases.
Equity trading is not available in all countries.

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Dont invest unless youre prepared to lose all the money you invest. This is a high-risk investment, and theres no safety net if things go south.

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