Upfront summary: Is Uphold worth it?

Uphold is a legit multi-asset digital money platform. It supports over 60 digital currencies, including alt-coin, stable coins, majors, and emerging tokens. Unlike the bank, the company’s goal is to make money exchange cheaper, simpler, and more flexible.

Many cryptocurrency exchange platforms are user-friendly. Not all are reliable and safe to trade with. Uphold could be a good fit. It is ruling the crypto world with its impressive features.

In this review, you will get all the important points you need to know about uphold to help you choose the right cryptocurrency platform.

Uphold Company Information

Official Website:https://uphold.com/en-us
Headquarters Location:New York NY, US
Founded :2013
Industry :Cryptocurrency
Ownership :Hasley Minor
Contact :hello@uphold.com partners@uphold.com
Trust Score:poor
Social Media:Facebook Instagram

What Is Uphold?

Uphold is a cloud-based cryptocurrency exchange program. It is a regulated cryptocurrency trading website licensed in both Europe and US. Earlier the crypto company was called Bitreserve; it was later re-branded, and the name changed to uphold in 2014 November.

Uphold has a website that operates as a virtual wallet for both cryptocurrencies and fiat currencies. It has an automatic currency conversion that sends money to other Uphold users globally, stores assets, and performs currency exchange.

Uphold is transparent and does not have any hidden fees. Their deposit and withdrawal fee is 0%, but a spread fee is charged. The transaction fee depends on the currency. You can cross trade from one asset class to another.

The company says to have transactions that surpass the US $4 billion and adding. You can access the services via desktop versions of Android and iOS versions. The platform is available in two languages; Spanish and English.

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Is Uphold Legit and Safe or a Scam?

Uphold is a legit multi-asset site. You can store, purchase as well as convert different crypto assets. The company’s advantage over its competitor is that you can use the application as a mobile wallet and exchange fiat currencies for cryptocurrencies like BCH, LTC, ETH, BTC, ad more.

Uphold has a very high level of data protection and other important tools. The company is regulated by the us department of the treasury and the us treasury department for financial crimes. In Europe, uphold works with authorized payments organizations that report to us financial regulatory authority.

As a regulated financial service provider, uphold has anti-money laundering measures implemented .to. Add to all that, and the company has also enabled 2-factor verification.

All these measures put in place confirm that uphold is legit. The chance of your money getting lost is minimal. Ad incase issues come up, it is hard for the company to run with your money.

Uphold collects your details when you register as a customer and use their services, app, or products.

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Is uphold reliable and trustworthy?

Uphold offers a reliable platform to trade; however, the web ratings seem to portray the opposite. Trustpilot gives the company a poor rating of 2.7 out of 5 stars. sitejabber gives them a rating of 1 star out of two reviews, and the company ranks at 43rd among virtual currency exchange sites.

Capterra upholds a score of 4.6 out of 5 stars, which is relatively high ad indicates customers’ satisfaction with the company services. According to the site, customers commended the company’s instant ad secured international payments.

Uphold insists that you are responsible for the details you give them. It would help if you verified that your information is accurate. Note that once a crypto transaction has been confirmed on the network, it cannote reversed or canceled.

The complaints about upholding are mostly poor communication of the customer service, slow process to authenticate profiles ad locking of accounts.

Pros

  • Uphold gives you several features all in one place
  • Their transaction fee is low
  • Uphold assures you of 100% secured deposits
  • Beginner-friendly
  • Available in more than 180 countries

Cons

  • Your investment is locked in one place
  • Spread fees add up fast
  • Users in the US cannot access some features

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How does uphold make money?

Uphold is not a completely free service; a conversion fee is charged when you purchase or exchange currency. Withdrawals and deposits are free, but you will pay for services like withdrawing money to private wallets on crypto networks or banks via the swift network in a few countries.

Some services fee for business accounts are:

Web wallet

It is free to open an account and hold funds for customers who keep active accounts.

Fund your account

A fee of 3.99% applies when using a debit/credit card to fund your account. When funded by a bank account, no charges are using another uphold account or bitcoin.

Sending ad receiving money

Uphold customers can transfer freely between each other regardless of the money transferred, currency or frequency.

Conversion and buying

When you buy or convert between different currencies, an exchange fee applied protection fee is also included in the quote.

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Best Alternatives

May users love to uphold because of many factors, one of them being that it is easy to use. You may also want to explore other upholds alternatives to make a good choice.

Here they are:

  • Binance
  • Coinbase
  • Kucoin
  • Bittrex
  • Kraken
  • CEX.IO
  • NiceHash
  • Poloniex
  • LocalBitcoins
  • eToro

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FAQ

What is a limit order?

The order is put in place to ensure that investors do not sell or buy assets lower or above the market price.

How do is set the length of my limit order?

Mobile wallet

  • at the bottom of your screen, tap “transact.”
  • on the next screen, tap the limit tab
  • click duration ad select an option

web wallet

  • click the limit tab on the right panel
  • tap duration and select an option

How can I get my 1099 tax forms?

Mobile app

  • once signed in, tap “activity” at the bottom
  • tap the document icon at the top right
  • select the report you want to download from the drop-down menu
  • tap the green generate report button

New web wallet

  • log in to uphold
  • Click the icon activity at the left
  • at the top right, click the document icon
  • choose the report you want to download from the drop-down menu
  • Click the green generate report button

What do I do if my 1099s are inaccurate?

Contact the uphold support team.

How do I set up 2-factor authentication?

Mobile wallet

  • on the right button, tap on the “more” button
  • tap settings
  • tap security
  • tap the enable 2-factor authentication
  • with your authenticator app, scan the QR code or use the generated security key
  • Enter the new verification code to confirm the 2-factor authentication.

New web wallet

  • Click the more button at the left
  • click the security button
  • Click the enable 2-factor authentication
  • use your authenticator app to scan the QR code or use the generated security key
  • enter your new verification code to confirm the 2-factor authentication activation

What is the security key?

The security key is a unique 32 digit code provided when you set the 2-factor authentication security method. The security key is associated with your Uphold account.

What is an Authenticator App?

It is a free app associated with your Uphold account, and it generates a verification code that you require for some operations.

How do I activate my uphold card?

You can do that in two ways

  1. call 1-855-568-8580 the press 1
  2. go to your uphold app; on the top of the screen, tap “activate the physical card,” the input the code I the envelope card arrived.

When will I receive my uphold card?

Your card should arrive in 7-10 days if you haven’t received it, email cardsupport@uphold.com.