If you’re looking for a new exchange to trade in crypto, Uphold may be the place to be. The exchange offers zero trading commissions, access to a range of digital assets, and KYC/AML checks. This review focuses on the features that make Uphold stand out. Here’s what you should know. If you’re interested in getting started with Uphold crypto, keep reading! Is Uphold right for you?
Uphold is a cryptocurrency trading exchange
Uphold is a cryptocurrency trading exchange that allows you to trade in various crypto currencies. You can set up an account within minutes. You’ll just need to provide your email address and location and create a strong password. After you’ve completed the account setup process, you’re ready to start trading. Uphold offers limited customer support, but you can always contact the company on Twitter to get in touch with a representative.
Uphold offers cross-asset trading, so you can trade one cryptocurrency for another, or cryptocurrency for stocks and precious metals. The exchange also offers a debit card that lets you pay with any asset, and then earn rewards based on the amount you spend. It even offers fee-free payment options to friends and family around the world, and your employer can also accept payments via the card. You can also make withdrawals through the exchange to bank accounts in over 30 countries, or to your private crypto wallet.
It offers zero trading commissions
Uphold Crypto provides users with zero trading commissions and fees for its services. Users can withdraw funds instantly to bank issued debit cards and make fiat deposits for free. Founded in 2014 as Bitreserve, the company is backed by a $57.5 million investment from Greg Kidd. Uphold also ties with Salt to offer crypto lending services. Unlike other exchanges, Uphold doesn’t charge its users for holding funds for more than a week.
Unlike Coinbase, Uphold charges no fees for withdrawals and deposits. The platform operates on a spread, which is the difference between the buy and sell price, which can fluctuate significantly during periods of high volatility. However, Uphold users don’t have to worry about hidden fees, as the pre-trade price is locked in. This way, the amount of crypto they receive will remain the same. Thus, Uphold is one of the most popular platforms for buying crypto without any fees.
It offers access to a wide range of digital assets
Uphold crypto offers a wide range of digital assets for investing, including more than 100 cryptocurrencies. The company also offers access to other investment markets, such as gold, silver, and platinum. With this service, you can make trades between assets and send or receive money from anywhere in the world instantly. The company also provides various financial services, including the ability to receive payments from employers in any currency.
The cryptocurrency market is growing at a rapid pace, and the number of exchanges is getting bigger by the day. With so many options available, it can be overwhelming trying to choose the right platform for you. Luckily, Uphold has the potential to be a game changer for many users, and it promises to make the experience seamless. In addition to cryptocurrencies, Uphold supports over 50 U.S. stocks, and up to four precious metals.
It offers KYC and AML checks
Whether you’re a new user or have been using the Uphold cryptocurrency exchange for a while, you may be curious about the company’s KYC and AML checks. Uphold’s KYC and AML checks are designed to protect users against fraudulent activity. Users must confirm their identity before Uphold can enable money transfer. The company conducts a few minimal KYC and AML checks, including verifying the legal name and date of birth of each member. By requiring these, the uphold community protects the user from fraud and uphold ensures the security of the community.
Uphold requires all users to provide their personal information to ensure compliance with KYC and AML regulations. In addition to completing KYC and AML checks, users are required to provide up to two forms of identification and link bank accounts. Once these are complete, users can fund their accounts with their preferred method. Additionally, Uphold recommends using 2FA to verify identity. Users should review the terms and conditions carefully before making any transactions.