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?