Uphold is a great platform where you can find a nice and easy way to trade between cryptos, precious metals, U.S. equities, and currencies.
It was launched in 2015 and since then it has 1.7 million users worldwide that buy, sell, convert or hold 36+ cryptos and, stable coins, 27 national currencies and 4 precious metals.
Users can trade directly One of Uphold’s unique features is that users can trade directly between any supported assets, reducing your fees and saving time. Also, thanks to its blockchain-integrated platform, you can send your cryptos to anyone anywhere in the world.
It has 0% trading fees, deposit and withdrawal fees, and with the brand-new interface, they made it super easy to move your money into bitcoin.
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UPHOLD SIGN UP
To sign up with Uphold, you will need only to have an active email account. But during this process, it will collect your legal name, date of birth, and phone number. They won’t reuse your personal data or anything like that, it’s more to protect their community and protect you from fraud.
After that, an email where you can verify your account will be sent to your inbox. Next, you will be asked to verify your identity, but you don’t have to do it right away and do it when you are ready to withdraw, for example.
After you have signed up, you will see the dashboard where you can trade or track your portfolio from here.
The main menu is on the left of the screen, and the first menu listed is the portfolio tab.
On the top is a list of scrolling assets available to trade, below it is the watch list area, where I can view a list of the assets that we added here. And under the watch list are the recent activities.
In the center is where you can view your balance and check your portfolio. And finally, on the right side of the screen is where you can place your trades.
UPHOLD TRANSACTION FEES
It is important to know that although there are no trading fees, it isn’t a free platform. It will charge you every time you convert a currency to another asset.
In the U.S. and Europe, their spread is typically 0.8% to 1.2% on Bitcoin and Ethereum. And in some other parts of the world, their spread can reach up to 1.8%.
The spread for precious metals is 3%, for Fiat is 0.2%, and 1% for U.S. equities.
UPHOLD U.S. EQUITIES
Depending on your current location, you might be able to purchase U.S. equities.
Here is the list of all the equities that you can purchase here.
UPHOLD TRADING ANYTHING
Uphold is one of the best platforms which allows you all sorts of trading or converting. You can also convert crypto to fiat.
Here you can also use your cred or debit card to make a purchase, but your card provider needs to support the purchase of cryptos, which in some cases they don’t. Also, you will be charged 3.99% for this type of service. But, with other methods, you will get far better prices.
If you purchase cryptos to Uphold or do exchanges to crypto, you must know that you won’t have access to your private keys. For this, you’re entrusting a third party, and have less control over your funds. So in this case you want to send your cryptos in an external wallet, where you will have competed control over your cryptos and have access to your private keys.
UPHOLD OTHER FEATURES
Another cool feature is the ‘Activity View’, which will display a list of all your activities. And using the button upright, you can also generate a report from here. The report will be sent to your email inbox.
At ‘Market’, you will see the list of each different market available. From here you can view detailed information for each asset also you can use the search bar to find the asset you want. By pressing the button on the top right, you can add the asset to your watch list and appear on your portfolio screen.
With ‘Integrations’ you can link your wallet to third-party integration.
Overview this is a great platform. It’s user-friendly, it’s up-to-date providing the best features, and is easy to use.
Takes no time to sign up and start trading. The dashboard has all the things you need in one place and can be customized to your unique preferences. And the exchange doesn’t charge a fee for bank and card deposits and withdrawals.