Uphold.com has gained Excellent review votes. The total rating is 5 out of 5 based on 1 user vote
Uphold is a platform that allows users to move, convert, hold and transact multiple currencies and commodities.
How does Uphold work?
Uphold is simply a virtual wallet that allows you to hold cryptocurrencies and Fiat money. Users are able to exchange between different Fiat currencies to cryptocurrencies including BTC, BCH and ETH.
Users are also able to send currencies to other Uphold members instantly and for free. Furthermore, there are no limitations to how much you can send to other users.
Once your lifetime transactions exceed a value of $1,000 then you will need to verify your account which will require you to provide your residential address, a government issued ID and a clear photo of your face. Verified users will be able to benefit from using the site much more including having the ability to convert between Fiat currencies if they wish to.
Uphold did previously have a Virtual debit card that you could take advantage of but unfortunately, this has been suspended for the moment. An alternative is in the works but more information regarding this is yet to be shared.
Are there any charges to use Uphold?
Uphold is completely free to join and various services offered are free. However, there are charges when users decide to either buy or covert different currencies with the fee being a percentage of the transaction value. For example, converting to Bitcoin will have a 1.05% transaction fee. These fees are considered to be slightly higher than other sites but this is to be expected from such a site where you can not only exchange but store currencies as well.
Additionally, there is a 0.0003 BTC charge if you want to send bitcoin to an address that is outside of Uphold.
However, if you would like to fund your account directly through a bank or with your BTC wallet, there are currently no fees (and no minimum transaction value for cryptocurrency funding!).
Is Uphold good for me?
This will solely depend on what you are looking for exactly. If you are looking for an anonymous experience then Uphold may not be for you as they do have an ID review for verification. However, if this is not an issue, Uphold will be great especially as it is a regulated exchange site.
Pros & Cons
+ Minimum withdrawal amount is only 0.00001BTC
+ Verification process and support are extremely quick
+ Funds available within just a few minutes
– Fees are slightly high when compared to other sites that offer lower exchange fees.
– Not anonymous for users
Is Uphold.com paying, legit or scam?
The current status of Uphold.com is New. Please let us know in the comment section about your experience. You can post your proof of payments too.