Review on Uphold by Carlos Figueroa
Storage and purchase of digital assets
Uphold, an asset trading platform, through its wallet that reserves this function together with the additional services provided by its affiliates, characterize Uphold as a safe and transparent asset receipt since it is well known and has not had hacking in your system or relevant theft. Available for mobile devices, it facilitates the asset management process, which is a feature that it has unlike other renowned platforms such as the Coinbase case, which unlike them has both cryptocurrencies, Fiat currency and metals.
In the process of movements of assets in the wallet such as instant conversion, it has some fees that are those generated in the network, for which a large part of the users presented some confusion that in my part also occurred, it was a total of Zero commissions on the platform, as well as the network, however it was only internal fees, although in a way I thought that the wallet or in this case Uphold covered that commission.
Connected to more than 30 banks in the world, it is feasible to withdraw a balance either in cryptocurrencies to a bank account thanks to the conversion that takes place in the process, although in large part it still does not have the necessary connections to be able to integrate more banks to your platform.
Pros
- Multipurpose wallet that does not integrate internal commissions in all its trading functions
- Associated and connected with more than 30 banking entities worldwide
- It allows the instantaneous conversion of cryptocurrencies to Fiat currency.
- It is one of the few wallets that supports storage of cryptocurrencies, Fiat currency and metals.
- Has a program affiliated with a third-party institution for long-term investment in cryptocurrencies.
- Compatibility with mobile and desktop versions.
- Globally recognized by renowned trade and financial institutions
Cons
- The conversion rates that the network has are fairly high, in addition to establishing confusion for its users not to reflect zero commissions in their entirety.
- The total number of banks supported by Uphold are very few despite being a globally recognized wallet and platform.
- The interface in its web version is a bit confusing, given the technical service and frequently asked questions is limited in few languages.
- The online care service is catastrophic.
