Before using any cryptocurrency wallet or exchange, it is best for you to find out if they are legit or a scam, and that’s why we have been consistent in providing reviews on various crypto exchanges and wallets.
In this article “Is Uphold Legit” you will find out if Uphold wallet is legit, and also how to use it.
Uphold serves 184+ countries, across 30+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world.
Since their launch in 2015, Uphold has powered more than US$4+ billion in transactions.
Uphold is a Cryptocurrency wallet that combines a platform app model with payment connectivity to offer financial services to a global market.
Uphold empowers innovation in financial services through a platform approach where app developers and fintech partners can leverage Uphold’s reach through licensed relationships with banks and financial services partners around the world.
Built on a core of proprietary technologies and e-money apps, Uphold embraces a future where people and businesses around the world have access to safe, transparent, fair, and affordable financial services.
Features of Uphold Wallet
An amazingly easy trading experience on web and mobile.
- 0% trading commissions
- 0% deposit fees
- 0% withdrawal fees
02 Easy access
Open an account in less than a minute, and start trading crypto and other assets immediately.
03 Fast deposits
Deposit straight into your preferred crypto from your card, bank, or crypto wallet. There’s no faster way to lock in volatile prices!
04 Unique trading experience
Trade directly between different asset classes in one step, saving time and money. Bitcoin to gold is one trade.
05 Time saving
Bring your investments together in one convenient account, minimizing admin and paperwork.
06 Easy to invest
Move between asset classes seamlessly using our unique From and To trading interface.
Is Uphold Legit
Now we will answer the question you have wanted to ask “Is Uphold legit”. Yes, Uphold wallet is legit and safe for use. In the next sub heading, we will give you few reason why will think Uphold is legit.
7 Reasons Why Uphold is Legit
1. Ease Of Access
What’s more, creating an account on Uphold is completely free and once you are a member, you’ll have 24/7 access to your Uphold wallet wherever you are and on any device, whether you prefer mobile (iOS and Android) or desktop. That’s because Uphold is a cloud-based financial services platform that lets you experience all the benefits that come with cloud money.
2. Security And Privacy
In addition to making sure your wallet is easy to use, protecting your money and information is our number one priority. To keep this promise, Uphold has created industry-leading technology to adhere to all local, state, federal, and international law in accordance with PCI/DSS, a set of requirements created by the major payment card brands (Visa, MasterCard, American Express, Discover, and JCB) to maintain a secure environment. In fact, Uphold is one of the very first companies working with digital currencies to become certified to PCI/DSS.
Furthermore, Uphold platform goes through rigorous auditing and testing on a consistent basis by both internal security professionals as well as external security firms.
Speaking of internal professionals, to secure a high personnel standard, all Uphold team members undergo continuous training and must pass a thorough background check, which includes criminal and financial records as well as education credentials and reference checks.
To top if all off, Uphold offers integration with the Authy app, which you can download and use to enable free two-factor authentication on iOS and Android devices.
Beyond providing a secure environment, at Uphold, they understand that they need to earn your trust. That’s why they decided to create the world’s first transparent financial reserve.
This means that you not only have total visibility into and control over your funds, but also the ability to verify in real-time our public record of obligations, transaction flows, assets, and solvency. In other words, anyone can confirm their reservation and ensure that his or her funds are safe at any given time.
In a review of Uphold’s platform, Forbes confirmed, “The company is keeping full reserves of the money held in its accounts in every currency it offers, instead of a fractional reserve as a typical bank does, and it will continue to make those holdings completely transparent on its site.” Keeping this kind of non-fractional reserve means that 100% of the assets on both ends of a transaction are secured at all times.
4. Instant Transactions To Lock In Market Price
With the cryptocurrency market still in its infancy, prices can oftentimes fluctuate even while a transaction is in the process of being completed. Uphold’s instant and speedy platform, however, prevents this from happening and guarantees that the price quote you see is what you actually get.
In order to ensure this kind of stability, you’ll see a slight difference between the buying and selling price quote for the same currency pair (usually less than 0.75% above or below the mid-market rate) to facilitate Uphold’s Price Protection Fee. That way the price quote you are seeing will be guaranteed to stay the same regardless of market conditions.
5. Local And Global Transfer Of Funds Between Currencies
If you have ever tried to exchange your funds into another currency before traveling overseas, you probably know the pain of the traditional banking system’s slow transaction speeds and limited availability — not to mention, they don’t offer any form of cryptocurrency.
Uphold, on the other hand, enables account holders to instantly and securely convert their money between 30+ currencies (fiat and crypto). This can be particularly helpful when you are trying to send money as part of a business or personal transaction to other countries.
Unlike traditional banks, which usually charge a commission fee between 2% and 10% for international wire transfers that can take up to seven business days, Uphold members can send or receive money to or from any member — locally or internationally — instantly and free.
Uphold serves 184+ countries and, since our launch in 2015, we’ve powered more than US$3+ billion in transactions.
6. Bitwage Integration For Payroll
Speaking of international transactions, in addition to their digital wallet on Uphold, our members can use the service of their partner company Bitwage.
In addition to this payment solution, Bitwage offers “unique jobs (for remote workers looking for work), flexible distributions, reduced payroll costs, and increased fulfillment speeds.”
7. You Can Take Advantage Of Dash “Instant Send”
Finally, while we complete transactions on the Uphold platform instantaneously the moment they are requested, some cryptocurrencies — due to the way blockchain technology works — might cause minimal delays.
Uphold Wallet Tutorials
Send money to friends and family worldwide with Uphold
Withdraw directly to a crypto network with Uphold
We believe we have answered the question “is uphold legit”. Not just that we have provided reasons why Uphold is legit. Don’t hesitate to do further research before you consider using thems.