Quick Uphold Review
With all the cryptocurrency exchanges now available, it can be a challenge to find the right one for you. You might be looking to purchase a certain crypto coin or you are trying to find an exchange that works in your geographical region – either way, you need a trusted and reliable exchange.
This is why we are doing an Uphold review, a rapidly growing crypto exchange platform fame for its ‘anything-to-anything’ trading experience offering both mobile and desktop applications for user convenience.
Uphold Trading Experience
Unlike other exchanges, Uphold doesn’t require converting your money in multiple currencies while purchasing cryptocurrencies, metals, and stocks. Moreover, it enables users to buy their favorite assets using bank accounts and credit cards.
Uphold has a simple to use intuitive trading environment allowing users to transact swiftly between the different classes of assets. For example, you can easily trade between multiple cryptos like Bitcoin, Ethereum or you can take advantage of the integrated ability to swap and trade your crypto assets for traditional stocks like Tesla or Apple without first depositing fiat currency for the purchase.
As discovered in our Uphold review, Users on Uphold can leverage the payment channel for instant transfers at no cost anywhere globally by sending funds to other wallets.
Reasons to choose Uphold
- Users looking for an extremely easy to use trading interface
- Crypto investors looking to invest in major coins and tokens (currently lists 36)
- Those who are looking for a better way to trade precious metals
- Anyone interested in accessing traditional stocks and equities
The good, bad and ugly
- The platform charges zero fees for the account, ticket, custody, and dormancy
- No hidden fees or surprise spread included and provides all-inclusive pricing before the transfer.
- ‘Anything-to-Anything’ trading applies trading between the different classes of assets seamlessly.
- Users are allowed to buy any asset fractionally, including stocks.
- Newbie- friendly mobile/desktop apps enable users to master their trading activities
- Available to US citizens.
- It has a less organized education center than its competitors.
- Might not have obscure coins or lesser known cryptos
- Even though, it’s easier to use overall, there may be slight learning curve if you are used to other crypto exchanges.
When doing our Uphold review, we found one of the best aspects to using Uphold is being able to move in and out of multiple asset classes without transferring back to fiat. Access most of cryptocurrencies, stock and forex investment platforms all from one convenient website or app.
Uphold has a Mobile and a desktop platform that enables customers to access their financial tools anytime, anywhere. The exchange site is user-friendly, making it suitable for new and old traders. It is offers a convenient way to invest, transfer or receive money through its website or App.
Uphold Cost, Fees and Commission
The unique selling point we want to highlight in this Uphold review is its zero dollar commission model for buying and selling crypto, ETFs, stocks, among others. Pricing on Uphold is highly transparent; that’s to say, after reviewing your order or trade, you won’t be charged any undisclosed fee. However, you shouldn’t be mistaken thinking that the platform is entirely free to use. A small fee will be included to the final price tag for commodities and assets. Moreover, the prices will be listed at the preview stage.
How much will you pay for the exchange fee? The fee charged will vary depending on the asset or product you are converting. For instance, you’ll pay 1 percent for stocks and ETFs. You’ll be charged between 0.80 to 1.20 percent for cryptocurrency transactions, while a transaction fee of 1.06 to 3.95 will be included in metals. Transaction cost for forex currencies will be between 0.20 to 0.85 percent.
Benefits and Features of Uphold
Uphold has numerous features and products that make the exchanges site user-friendly. They include;
- Easy to sign up and get started
- Customizable and intuitive tile desktop platforms
- Autopilot feature
- Instant transfers
- Automatic currency conversion
- Uphold card
Easy to sign up and get started
Getting started on the site is as easy, simple and direct. First, start by providing a working email address and choosing a strong password. Then, you will be required to answer a few questions about your locality. You’ll receive a notification to verify your email. After you are done, you can go ahead and create your account on hold Uphold and fill in your personal detail in less than two minutes.
Customizable and intuitive tile desktop platforms
Consumers appreciate how it is easy to use and personalize your details on Uphold desktop platforms. Once your account is ready, you will be provided with your own desktop platform. You can then adjust the setup to fit your personal needs.
On your desktop tile, click any asset to access your preferred menu to choose your trading option.
New AutoPilot Feature
Something we are excited to add in our Uphold review, they have introduced a new product within the network known as the AutoPilot feature. The feature is designed to make it easier for you to buy your ideal cryptos daily, weekly, or monthly. Also, the product allows you to scheme your recurring transactions.
For instance, you could schedule a program to purchase $200 or $100 in Bitcoin monthly to coincide with your payday.
Instant money transfers
Instant cash transfers is another compelling feature that customers love. For example, if you want to send or receive money from your friends or family members, Upholds allows you to complete your transaction in a click of a button.
How is it done? By linking your account to the recipient’s account or via email. Additionally, this feature gives you the freedom to choose the type of currency you’d like to use. Many Uphold customers prefer this feature because it is absolutely free, whether transacting in Bitcoin or dollar.
Automatic Currency conversion
You can conveniently send money to your friends or family members using Uphold automatic currency conversion feature. Here is the procedure to follow? Choose what you like to send, e.g., ETFs or Bitcoin, and the recipient will receive it in the currency they prefer. It might be Euros or dollars or any other currency.
You can also use a QR code linked to the Uphold Exchange platform. For example, if you got US dollars in your account, the other person can send you ETFs or Bitcoin. When the transaction is initiated, it will be automatically converted to USD.
Uphold card has brought a lot of convenience to customers. With Uphold debit card you can spend anything from cash to Bitcoin. Furthermore, the card is accepted by more than 50 million merchants and ATMs worldwide.
Uphold Mobile App
Like the tile desktop platform, Uphold customers love mobile App. The App mirrors the desktop version of the platform, making “anything to anything” transfer easier. Uphold Mobile App has the following unique features
- Two click exchange
- Comprehensive market data
- From and to interface
- Full desk functionality
Two click exchange
This feature permits quickly place your orders just like the web-based platform.
How to get started?
On the App, click the “Transact Tab” after that; select your preferred funding method. Options here can be cryptos, bank accounts, and credit or debit cards. Then select your payment method, after which you can start placing your transactions.
Comprehensive market data
Uphold offers its clients with up to date market data. The market data are updated regularly, and it covers everything on the platform ranging from precious metals to cryptocurrencies. On most occasions, data prices get calculated to the fifth decimal place to make accurate calculations.
From and to interface
This platform allows you to pull money from your bank account or card. You can then use the asset to make purchases. Additionally, this feature is also useful since enables you to manage all your transaction at one point.
Full desk functionality
Apart from investing, you can also use the Mobile App to monitor your portfolio, send money to friends or family members. No matter where you go or happen to be, with Uphold, you’ve got all your financial tools in a click of a button.
It is an easy-to-use interface. It allows consumers to buy and sell currencies, stocks, and commodities with ease. It is easy to get started on the site. Therefore, it provides the best chance for new investors who haven’t had trading accounts in the past.
In the future, Uphold should consider improving in their customer service section. Presently, their customer service can only be contacted via email or Twitter account.
If you have any queries or concerns, you can send a message to the company inquiries desk through email@example.com. If your issue is not pressing or agent, you can contact them through firstname.lastname@example.org . You can also contact the company via their Twitter handle @AskUphold.
Uphold Review Overall Takeaway
We have had no complaints so far. The transfers are quick, the interface is user friendly and the customer support and security is as good as it gets.
If you are looking to trade crypto and want a seamless and easy experience, check out Uphold today.
If you know others looking for a feature-rich crypto exchange that wants to learn more, send them to our Uphold review so they can get all their questions answered.