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There are a large number of different crypto platforms that can be very convenient to use. But how many of them offer trade between cryptos, national currencies, and metals? Today we will review – Uphold, one of the most multifunctional crypto services. Is Uphold safe to store funds there? Is it a reliable service or a scam? All of these questions we will review in this article.
Uphold is a multi-asset platform that allows users to store, buy, and convert various crypto assets. The system supports not only 30 cryptocurrencies (and Utility Tokens) but also allows you to exchange 27 national currencies and 4 precious metals.
This digital wallet is designed to quickly and easily store assets, send funds to other Uphold users around the world, and instantly exchange currency. Using a 100% redundancy model, Uphold subsidizes all user assets in a 1:1 ratio from its own funds.
The service was launched in 2015 and is licensed in the USA and Europe. During its operation, the platform funded transactions worth more than $ 4 billion. This is an advantage for those who prefer to work with regulated websites. Now the platform offers its services in more than 180 countries and supports more than 30 crypto and fiat currencies.
Uphold combines a platform app model with payment connectivity to offer financial services to a global market. The purpose of creating the Uphold payment service is to protect users from the volatile market, giving them the opportunity to instantly, profitably and safely convert digital money into dollars, euros, and other fiat currency.
The service is available not only for PC but for IOS and Android. The platform is translated into 6 languages including Spanish, Italian, and Turkish. Unfortunately, there is no Chinese and Russian translation yet.
In accordance with the information on the official website, Uphold is not a free service. The service does not charge any commissions on trades, withdrawal, and deposit. However, you’ll pay for certain activities such as withdrawing funds to private wallets on crypto networks, or to banks through the Swift network in a small number of countries. Uphold also includes a small spread in the price of any asset you buy.
