The Innovation Benchmark BLOG Uphold Review – A Review of the Uphold Bitcoin Exchange

Uphold Review – A Review of the Uphold Bitcoin Exchange

Bitcoin uphold is a multi-asset digital trading platform that supports the buying and selling of cryptocurrencies, precious metals and fiat currencies like USD and EUR, as well as carbon credit tokens that support certified projects in the rainforest.

Uphold also allows you to make P2P trades, where you can directly buy and sell your assets from other users on the platform. This is a great way to save on fees and get the best price for your coins.

In addition to supporting over 250 cryptocurrencies, Uphold offers a variety of other financial products including remittances and staking*. You can buy and sell fiat currencies, precious metals, and 40+ equities on the platform. You can use your Uphold wallet to make payments to vendors, send money to friends or instantly convert between national currencies.

Bitcoin and Uphold: A Guide to Trading Crypto Securely

When it comes to security, Uphold places a lot of emphasis on the protection of your assets. The exchange holds 90% of its reserves in offline cold storage, and the remaining 10% are secured with a multi-signature process to ensure no single party can access your funds. The exchange also offers a Vault product that promises the security of self-custody with the convenience of an exchange, but it’s only available for Bitcoin and Ripple as of this writing.

Uphold charges a range of fees depending on the asset type and payment method used. You can find a detailed breakdown of all the fees on their Service Fees page. For example, crypto-crypto trades are subject to a spread that typically ranges from 0.8% to 1.2% of the market value of your trade. Higher spreads may apply during periods of high trading volume or market stress.

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