Uphold is a cryptocurrency platform that offers a comprehensive range of financial products and services. It allows users to purchase, sell, or trade nearly 100 cryptocurrencies as well as other assets.

 

Uphold is transparent about its fees. It has a slightly different fee structure from many other crypto exchanges. There are no commissions, deposit fees, or maker-taker fees. Instead, there are spread fees which are basically a small premium you'll pay over the true market price that allow Uphold to make money. With these spread fees, you might end up paying a higher price than what you might see from competitors. Overall, it could be a good choice for those looking to invest across different asset classes under one platform.

 

Key points

• Uphold is a cloud-based financial service platform that enables individuals to securely move, convert, hold and transact in various assets.
• Although it is commonly associated with Bitcoin and other cryptocurrencies, the platform is also used to trade traditional assets such as fiat currencies and gold.
• Among Uphold’s stated priorities are the reduction of transaction fees and the maintenance of high standards of transparency.
• Uphold was founded in 2014 by Halsey Minor, an American entrepreneur who is best known for founding the media company CNET in the early 1990s. Uphold was originally named Bitreserve; after a rebranding, the company launched as Uphold in November 2014.

Pros Explained

• Ability to buy and trade across asset classes: Users can purchase cryptocurrency, U.S. equities, and precious metals on Uphold.
• Transparent fee structure: Uphold login offers a transparent fee structure, so users won’t be caught off guard by unexpected costs.

Cons Explained

• Limited number of cryptocurrencies: Uphold supports close to 100 cryptocurrencies. Other leading exchanges offer more supported assets.
• No advanced trading features: Uphold lacks advanced charting and other features aimed at professional and active traders that some exchanges provide.

Cryptocurrencies Available on Uphold

 

Currently, Uphold nearly 100 currencies for users to buy, sell, and trade on its platform. Available cryptocurrencies include:

• Bitcoin (BTC)
• Etherium (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Chainlink (Link)
• Stellar Lumens (XLM)
• Iota (MIOTA)

Trade Experience

Uphold login offers a user-friendly trading experience, and customers can make trades via its desktop platform or mobile apps, which are available both on Android or iOS. The user interface is intuitive for those who are new to making trades, which could make it a good option for those just getting started with crypto.

 

Fees

While Uphold offers 0% trading commissions, it charges spread fees for cryptocurrency purchases and sales that customers make on the platform. These spread fees are relatively high and can range from 0.8% to 1.2% for popular cryptocurrencies and go can go beyond this range for lower liquidity cryptocurrencies. Uphold also indicates spread fees may increase during times of market volatility.