What is Uphold?
Uphold is a digital money platform that allows people from around the world to buy, hold, trade, send, and receive a range of digital currencies such as Bitcoin, Ethereum, Litecoin, Dash, and XRP. The platform was founded in 2014 and aims to facilitate instant and low-cost transactions across multiple asset classes and currencies.
A key feature of Uphold is that it essentially allows users to treat both traditional currencies and cryptocurrencies similarly - holding balances in fiat and crypto, moving funds between them, and even changing from one fiat currency to another in a matter of seconds. This makes it easier for regular consumers to interact with the cryptocurrency space.
Uphold offers web and mobile apps for desktop and on the go access. It is available in over 180 countries and supports trading of over 50 traditional and cryptocurrencies. The platform handles over $4 billion in transactions annually and has served over 4 million users to date.
Uphold places a strong emphasis on ease-of-use, security and compliance. It has various verification tiers to enable sending higher transaction amounts, and also partners with Ledger to offer integrated hardware wallet support for safely storing digital assets offline.
With competitive pricing, robust trading capabilities across currencies, 24/7 customer support and continual platform development, Uphold aims to be the go-to platform for mainstream consumer adoption of digital money on a global scale.