You might have heard it on the news. The prices of cryptocurrencies are falling.
Now’s the perfect time to make your move and take advantage of the dip. You can buy low and turn your investment into profit. How about using the Uphold crypto platform to invest?
Don’t know how to use it? No problem! Read on to learn everything you need to know about Uphold to help you get started.
What Is the Uphold Crypto Platform?
Uphold is a multi-asset digital money platform founded in 2015. Think of it as an easy-to-use broker that allows users to buy crypto.
This cloud-based financial service platform has over 130 cryptocurrencies available. You can buy major cryptocurrencies like Bitcoin and Ethereum. You can even choose to buy emerging tokens available on the platform.
You can use this platform to help you start investing in crypto, but that’s not all you can use it for. Uphold also allows users to buy stocks.
Yes, you read that right. This platform gives users access to various popular stocks. You can use its fractional equities service to buy stocks for as little as $1.
Uphold also lets users buy precious metals. If you wish to buy gold or silver you can do so with ease. You can even buy platinum and palladium.
How Does Uphold Work?
Uphold sounds like an amazing platform, right? You might be wondering how it works. It’s an easy-to-use cryptocurrency platform.
The first thing you need to do is open an account. You have the option of opening a personal or business account. You’ll need to create your account using your email address and a password.
You’ll need to sign up with your legal name and date of birth. The sign-up process also asks users to add a phone number.
You’ll want to become a verified user. As a verified user, you can withdraw or send funds to other people who use Uphold.
To complete this process, Uphold asks that you provide your current residential address. You’ll also need to provide a valid photo ID and take a live picture of your face. This will help verify your identity.
Are you a first-time crypto trader? Uphold has a user-friendly interface that makes it easy to trade crypto. It’s clean and simple.
It has a mobile app for iOS and Android users. Users can keep an eye on the market on the go through the app.
The Uphold crypto platform isn’t overwhelming. It gives you the option of viewing one asset price at a time. This makes it more of a “buy and hold” platform.
Users can view each of the cryptos available by clicking the “Crypto” tab. To buy, you’ll need to link your bank account to the Uphold account. Then you deposit funds into the account.
Another way to buy crypto is through a wire transfer. One can also buy crypto through an ACH transfer. There are no additional fees for these transactions.
Let’s delve more into the subject of fees. Unlike most other cryptocurrency platforms, Uphold doesn’t charge deposit fees. It doesn’t charge trading commissions.
Uphold does charge a spread for every trade users make on its platform. These fees do vary. The asset and market condition determines how much users will pay in fees.
Services Available on Uphold
As you read, users can choose to buy the different cryptocurrencies available. There’s another benefit you can take advantage of. Upholds offers staking on different cryptocurrencies.
You can earn passive income by staking on nine different assets. Each one has its interest rate. You may earn up to 19.5% APY.
You can set up recurring trades on Uphold. Its autopilot feature allows users to automate trades. Users can create buy or sell orders.
Uphold offers its users the chance to open a crypto debit card. Users can use it to pay for goods and services. Users can use their crypto or cash to buy purchases.
This crypto debit card offers 2% back in the crypto used to make the purchase. It’s a great way to earn crypto on everyday purchases.
Uphold focuses on protecting its users’ assets. It has a two-factor authentication feature. This security feature helps protect against account hacking.
All activity on the Uphold crypto exchange is protected by data encryption. You can have peace of mind knowing your personal information is protected.
Uphold has a built-in digital crypto wallet. It’s a secured wallet. If you wish to use a hardware wallet, you can do so as Uphold supports them.
If you find yourself having an issue with the platform, you can email the platform’s support team. Fill out a support request form and wait for a team member to reply.
Users can visit the FAQ section on its website to seek information. Users can also visit its support center.
Uphold does offer some customer service help on Twitter. There you can find answers to help you resolve some of the most common issues reported by users.
Use the Uphold Crypto Platform
If you’re new to the world of crypto and want to start trading crypto, you should use the Uphold crypto platform. Uphold offers an easy-to-use interface that makes it simple for users to buy and sell crypto.
This platform allows users to do more than just crypto trading. It’s an outstanding platform for those who want to make the most out of their crypto investments.
Want to learn more about Uphold and important crypto topics? Contact us now to get more information.