Review on Uphold by LUIS RIVERO R
In general, uphold is a Wallet with great advantages for users who want to buy…
In general, uphold is a Wallet with great advantages for users who want to buy cryptocurrencies with fiat money since it has different ways of making deposits. For those who simply earn money with cryptocurrencies this has become an excellent platform to go convert our crypts into fiat money and keep them saved as if it were a bank account, although I would like them to improve their security because they have had access to the emails of the clients and could get worse and have lost the people who trust in this service for that reason I do not place five stars, because I think this wallet is perfect for what was created.
Updated 6 years ago
Rating has not been changed
Currently the prepaid card for online purchases is not available, I consider that was one of its best benefits.
Allows keeping fiat with availability of 23 different currencies.
It is only possible to store 9 cryptocurrencies and two stablecoin, which limits users to the amount of assets to save.
In general Uphold is more than a wallet since it specializes in multiple blockchain solutions. It is possible to use this platform to send remittances to any part of the world making it simple since we will be able to send Bitcoin for example to any user that has a verified account using email these transfers in an instantaneous way.
It has interesting associations such as the Brave project being the official BAT wallet.
However, transactions are expensive when withdrawals are made in crypto-tandems.
It is not efficient for P2p payments with cryptocurrencies since the confirmations are slow, this before being sent to the blockchain to be used.
Uphold is more an investment and shelter platform, much like a bank and less like a functional wallet.
Pros
- More than a wallet is a kind of account where we can safely store our crypto and fiat money. It is possible to enter fiat money with credit card or bank transfer, in a reciprocal way you can also make withdrawals to bank accounts. it has a somewhat broad range of cryptocurrencies, and it is reasonable for the business model that this wallet represents. You must have a two-step authenticator to be able to use it, which makes it safer or to a certain extent generates security in the users. The developers and customer service is extremely fast and it is possible to investigate a little who is behind this. It gives you the possibility to refer and in some cases have earnings by referrals. They handle many fiat currencies, convertible to any cryptocurrency available in uphold. Charges for commissions in transfers with uphol users is zero.
Cons
- A small amount of cryptocurrencies, in this sense, makes it not very attractive for people who want to diversify their investments since in their range of availability, great limitations can be found. The users do not have access to the keys of the different tokens and cryptocurrencies. Some time ago the platform that contained the emails of the users was hacked, the inboxes were filled with spam mail that was looking for a brooch and that the clients would send funds, in this sense I received this type of junk mail. They eliminated the electronic debit card and now it is difficult to use the funds, for example in my case it is difficult to access international markets.
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Comments (1)
August 24, 2020
It is a good platform, the truth is for all the important transactions that one wants to make, unfortunately I have had problems lately with my account and the technical support has not helped me at all to recover it. I hope you can answer me as soon as possible and thus be able to continue using it.
