Uphold is a cloud based platform that was launched back in 2015, it is used in more that 180 countries. This platform supports various cryptos, fiat, stable coins, equities and metals. Uphold as most of other alike platforms has it's own app for Android and IOS.
What should you know about Uphold!
Uphold has a Security Operation Center that monitors all the activities on the platform 24/7 this way suspicious activities can be detected and flaged. Costumer private keys are encrypted and it is regulated by FinCEN, lately it has also partnered with an Authorized Payment Institution regulated by the United Kingdom Conduct Authority.
It also supports 2FA which makes another layer of security. To say it in less words, Yes, Uphold is safe and legit.
Uphold supports:
- Bitcoin(BTC)
- Bitcoin Gold (BTG)
- Ethereum (ETH)
- Litecoin (LTC)
- Basic Attention Token (BAT)
- Ripple (XRP)
- Dash (DASH)
- LBA Token (LBA)
- Bitcoin Cash (BCH)
- Universal Bitcoin(UPBTC)
- Universal Dollar(UPUSD)
- Universal Euro (UPEUR)
Uphold fees:
Deposit Fees and Limits
Method UsedLimitFee ChargedDebit/credit cardMinimum of $50/€50/?50 per day and maximum of $500/€500/?500 per day3.99%Bank transfer (ACH)Minimum of $50 per day and maximum of $500 per dayFreeBank transfer (SEPA)Minimum: €75/?100 per transactionFreeBitcoin (BTC)NoneFreeLitecoin (LTC)NoneFreeEthereum (ETH)NoneFreeBasic Attention Token (BAT)NoneFreeBitcoin Cash (BCH)NoneFreeDash (DASH)NoneFreeBitcoin Gold (BTG)NoneFreeRipple (XRP)NoneFree
Withdrawal fees and limits on Uphold
Withdrawal methodFeeLimitDebit/credit card––Bank transfer (ACH)$3.99 flat rateMinimum:
$50/day
Maximum:
$10,000/day
Bank transfer (SEPA)$3.99 flat rateMinimum: €10/?20 per day
Maximum: €50,000/?50,000 per day
Bitcoin (BTC)0.0003 BTC plus $2.99 flat rateMinimum: 0.00001 BTCLitecoin (LTC)0.003 LTC plus $2.99 flat rateMinimum: 0.25 LTCEthereum (ETH)0.005 ETH plus $2.99 flat rateMinimum: 0.001 ETHBasic Attention Token (BAT)10 BAT plus $2.99 flat rate–Bitcoin Cash (BCH)0.0003 BCH plus $2.99 flat rateMinimum: 0.00001 BCHDash (DASH)0.0003 DASH plus $2.99 flat rate
(Dash InstantSend transactions have a 0.001 DASH fee)
Minimum: 0.0001 DASHBitcoin Gold (BTG)0.0003 BTG plus $2.99 flat rateMinimum: 0.0001 BTGRipple (XRP)0.1 XRP plus $2.99 flat rateMinimum: 0.001 XRP
Conversion fees on Uphold
CurrencyFeeUSD, GBP, EUR0.65%JPY, CHF, MXN, CAD, AUD, NZD, HKD, SGD, DKK, NOK, SEK0.95%PHP, PLN, AED, ARS, BRL1.15%CNY, INR1.4%BTC1.05%ETH, LTC, BCH, XRP1.4%BAT, BTG1.95%DASH1.25%Precious metalsXAU (2.05%) ; XPT (3.95%)
XPD (3.05%) ; XAG (3.65%)
This may vary, check Upholds page for changes!
Uphold, as I mentioned in my post about BAT and Brave supports this token and it is automatically deposited in your wallet, from there you can convert it to other coins, currencies or just hold it as BAT.
Uphold supports Bank Transfers and also Credit Cards but have in mind that the latter is not allowed from all the countries thus this can compromise your usage.
Uphold app has some integrations from which you can earn coins, put them into work for you and many other activities like, Blockreward, SkillGaming, Talketh etc.
Live support from their agents is something that should be mentioned, I can say that it is one of the best supports from platforms of this kind and the thing that I appreciate mostly about Uphold.
We have come to a point where I tell you if I recommend you to use Uphold.
Well, first let me tell you the pros and cons of it, this way it will be easier to understand my recommendation!
Pros
- Easy to set up and use
- Supports two-factor authentication
- Supports multiple cryptos (but not like other rivals), fiat currencies, and precious metals
- Mobile apps also available
Cons
- As I've mentioned not all funding options are available globally
- Buying or conversion of currencies are also subjected to a fee
- Transaction fees are high compared to other wallets
- Since it works with authorities against money laundering you can't use it's services anonymously
To give a recap!
Since there are other similar platforms Uphold is enlisted as the 5th but it has some things that might really not be in your favour! As I've already mentioned pros and cons of this platform you can see that it is safe, you get an incredible support by it's agents, everything is monitored so you don't have to sleep one eye opened, everything starts to fall apart when we start talking about fees! Even though other big platforms have some incredibly high platforms and exceed those of Uphold, still you might think twice before using Uphold! I do use Uphold, and really love its features and everything is put super simple and in a logical way, limits of conversions and transfer are also very low (which for many is very necessary).
My final verdict!
It's a good platform, put the fees aside, I love the simplicity and I like the way it works, so yes I do recommend Uphold.
Do you use Uphold? What do you like about it?
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theatdhe!
