Uphold, a digital multi-asset trading platform, Currently is operating in 184+ countries with 250+ digital currencies. Uphold has facilitated transactions worth over $4 billion since it launched. Uphold provides a worldwide financial services platform as a multi-asset digital money platform. It incorporates a number of functions, including internet brokerage, forex trading, and cryptocurrency exchange. With the goal of ensuring that everyone has access to financial services in the future, the platform allows users to trade directly between asset classes with embedded payments. Uphold’s USP is Anything to Anything, which means trade between any asset in one single click. The platform was originally known as bitreserve, but eventually Uphold became the official name of the platform.
Availability of an ample range of cryptocurrencies, trading of fiat currency and precious metals, easy account setup with less deposit minimum, and no withdrawal fees in most regions are some key advantages of Uphold.
Let’s see some key features of Uphold as well: –
Multi-asset trading platform – Along with crypto-currencies, it empowers its users to trade in other assets such as fiat or precious metals like gold, silver, and platinum. It also offers equities, traders can trade in equities as well. Easy to use: To sign up you just need to enter basic details such as email, country, and nationality. One government-issued photo is also required to verify your identity and you are with the signup process, it is just simple and quick. To make investments you need to link bank A/C or debit/credit cards. On other platforms, you have to add money to accounts to make investments, but here you do not need to do so, you can directly make payments using the linked payment method.
Security: – Security is an important factor for such online trading platforms. Uphold claims to host audits and penetration tests periodically, as they use advanced encryption and multi-layered defense systems to protect data from cyber-attacks. Uphold provides two-factor authentication and it also verifies your identity before permitting you to start the trade. Rewards: – A mechanism called staking is used by some cryptocurrencies to enable users to contribute their tokens to the blockchain’s operation and verification. You receive additional tokens as a reward for doing this, but you also lock up your crypto-currency for a predetermined amount of time. It gives an opportunity to US users to do so. Uphold Card: – Mastercard crypto reward card is offered by the platform. By using this a trader can spend his cryptos, metals, or investments. A certain % of cashback is also available while trading through this card.
Services offered by Uphold: –
Crypto-Currencies: – Along with this platform the management of crypto-currencies will become easier, as it emphasizes security and accessibility. It provides trading for several cryptocurrencies such as Bitcoin, and Ethereum, additionally, it also gives a choice to convert cryptocurrency holdings into fiat currencies like USD and EUR to users. Users who own cryptocurrencies can earn interest on their holdings through a variety of lending programs. Metals: – As this gives seamless and effortless connectivity with buyers and sellers. So, users can buy, hold, and trade various metals such as Gold, Silver, Platinum, and Palladium on Uphold in just a few clicks. You just need to sign up with an account, followed by entering various personal information such as email ID, and phone number, and verify your identity with an ID document and photo. Upon verification, you can start the trade by entering the funding source, the metal you want to trade, and the amount, the calculation will be done by Uphold for you.
Stable Coins: – Stablecoins are a particular type of cryptocurrency whose value is pegged to another asset, such as fiat currency, or gold to keep the prices stable. Tether (USDT), True USD (TUSD), USD coins (USDC), Universal US Dollar (UPUSD), and Universal Euro (UPEUR) are some top stablecoins. It is a significant substitute for volatile cryptocurrencies and can be utilized in various blockchain-based financial services. On Uphold, users can buy directly (via fiat money) or can trade in pairs with another crypto. Users have the facility of seven different stablecoins options and transfers between any other crypto, fiat, utility token, or metals in seconds. National Currency: – Uphold had extensive options of currencies, in addition to popular cryptocurrencies like Bitcoin, and Ethereum along with traditional fiat currencies like USD, EUR, and GBP. Through Uphold’s platform, users may explore the wide range of alternatives available for managing their digital assets and carrying out transactions. Uphold gives the options to its users to buy in small amounts or to make a quick change from one currency to another.
