Uphold is a digital wallet and trading platform that allows users to buy, sell, hold, and convert a variety of assets, including:

  • Cryptocurrencies (like Bitcoin, Ethereum, XRP)
  • Fiat currencies (like USD, EUR, GBP)
  • Precious metals (like gold and silver)
  • U.S. equities (in some regions)

Key Features of Uphold:

  • Multi-asset support: One of its standout features is the ability to instantly trade between different asset types — for example, converting Bitcoin directly to gold or stocks.
  • Cross-asset trading: Users can perform seamless asset swaps without converting to fiat first.
  • Debit card (Uphold Card): In certain countries, Uphold offers a card that allows users to spend crypto or other assets.
  • Mobile and web platforms: It offers both app and browser-based interfaces.
  • Recurring transactions: Users can set up automated buys or sells on a schedule.
  • Staking: Some cryptocurrencies can be staked to earn rewards.
  • Transparency: Uphold publishes a "Transparency Page" showing its real-time asset reserves vs. obligations.

Pros:

  • Easy to use
  • Broad asset support
  • Unique cross-asset trading
  • Transparent reserves model

Cons:

  • Limited availability of some features by country
  • Fees can be higher than pure crypto exchanges for active traders

Would you like a comparison between Uphold and other platforms like Coinbase or Revolut?