Uphold has taken steps to provide an even higher level of standard than most financial services companies for all of its accounts in order to ensure your account and your personal information are secure. It is your responsibility to use strong passwords and 2-Step Verification to access your Uphold account and to approve withdrawals from your account.ĭigital currency is not legal tender and is not backed by the government and therefore not subject to Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation protections. Uphold maintains an insurance policy to protect against theft of cryptocurrency due to a security breach or hack, employee theft, or fraudulent transfer and may cover up to the total asset value stored in its offline storage. Uphold's insurance policy does not cover any losses due to unauthorized access to your Uphold account. The remaining 10% is stored in secure online servers to manage liquidity for Uphold's service. Uphold protects customer digital currency by storing roughly 90% of cryptocurrency held in its reserves in an offline cold storage solution securely protected by a multi-signature process to ensure no single person has the authority to move cryptocurrency. Uphold's spread is typically 3% on top of the bid-ask prices at Uphold's supplier.market hours are 9.30 am to 4 pm ET on business days. For trading outside market hours, Uphold adds a small spread based on the stock's volatility. Uphold's spread is typically 0.2% between major national currencies such as EUR, USD, and GBP.All spreads are likely to widen beyond those listed during times of acute market stress. Coordinated market activity such as Wall St Bets can distort markets.Spreads can be significantly higher for low-liquidity cryptos and tokens including XRP, ZIL, OXT, UPT, DOGE, and others.In other parts of the world, Uphold's spread on the majors is typically around 1.8%.Uphold's spread is typically 0.8 to 1.2% on BTC and ETH. Service Fees: Individual accounts for the US and RoW Please discuss this with Uphold's Business Development Team. Service Fees: Business accounts for the UK and Europeįees are agreed upon on a volume basis. Network Fees - are charged when you withdraw to external crypto wallets, are passed on, and may vary depending on network congestion.Uphold charges 0% deposit fees, 0% withdrawal fees, 0% trading commissions, but it does charge the spreads in every trade.There is always a small difference between the mid-market and the bid/ask execution prices: it's how order books on exchanges work. Like most trading venues, Uphold displays the current mid-market price on their charts when you trade, you receive the current bid or ask price depending on whether you’re buying or selling.Please check the rate you’re getting on the Preview page. Only confirm your transaction if you’re happy with the rate and accept the trade. Unlike many platforms, Uphold's prices are locked in pre-trade*, and no hidden fees between Preview and Transact are added. The price you see before your trade is the price you pay when you trade. Uphold is not a free platform, it charges UK and European customers a spread for buying and selling cryptocurrencies. Limit orders feature: Set up up to 50 orders in one go, no need to secure your balance.Low Minimum Deposit: You can deposit and start trading with as low as $10.Access to 7 blockchain networks: this is more than Coinbase offers.Direct funds withdrawal: funds are delivered to a bank, crypto exchange, or private wallet without intermediaries.Educational materials and tutorials: Uphold has prepared a Cryptonory (a dictionary of crypto terms), open API to developed Uphold-powered apps and services, a blog with explanations for beginners, and a daily newsletter on the market known as Uphold Unboxed.No fees: no fees are charged if you deposit via crypto. You can also send your currency and your recipient receives the transfer in crypto. Anything to anything: Uphold allows users to trade between assets i.e BTC to XRP (no other platform offers this and it saves users on fees).Direct funding from a bank account or debit card: no conversion is needed even if you pay with a currency that is not a base one in the country of your location, plus, it's free.AutoPilot feature: you can schedule recurring transactions and buy assets regularly.Customizable dashboard: it can be adjusted to the users’ preferences by listing necessary assets and selecting trading options.Quick and easy: it takes only 11 clicks/taps from signup to completing the purchase.
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