Uphold combines the functionality of a crypto exchange with that of a custodial wallet. It enables users to instantly convert crypto into local currencies and other assets (including NFTs, digital art, and collectibles). It also offers superior storage by keeping around 90% of all assets in cold storage. Moreover, Uphold does not charge deposit or withdrawal fees. Is Uphold a Good Crypto Exchange?

The platform is easy to use and has a user-friendly interface that lets users manage their portfolio, view recent transactions, and connect with other Uphold users in the community. Uphold also places a strong emphasis on security by securing all assets in its custody, publishing real-time updates of its assets and liabilities, and following KYC and AML rules and regulations.

Is Uphold a Good Crypto Exchange? Security and Usability Reviewed

Users can trade over 250+ cryptocurrencies and stablecoins, including popular coins like Bitcoin and Ethereum. Additionally, Uphold has over 20 fiat currencies and precious metals, including gold and silver. Users can deposit and withdraw their assets through ACH bank transfers, debit cards, or mobile apps like Apple Pay. The platform is also very transparent, displaying the exact amount of each asset that will be received after the transaction is completed.

Uphold supports various order types, including limit, stop loss, and take profit orders. Advanced traders can use trailing stop orders to automatically sell an asset if the price drops by a certain percentage after it reaches its highest point, allowing them to lock in gains and limit losses. The platform also offers a range of educational resources for beginners that will help them navigate the cryptocurrency landscape.