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What is Uphold?
Uphold is a versatile cryptocurrency exchange noted for its extensive selection of over 250 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and a variety of altcoins. With a user base exceeding 10 million, it serves as an accessible platform for purchasing and trading various assets, including 27 national currencies and four precious metals: gold, silver, platinum, and palladium. Uphold places a strong emphasis on transparency, asserting that user funds are fully reserved and safe, bolstered by a commitment to radical transparency since its inception in 2014.
The platform facilitates a simple and efficient trading experience, allowing users to execute transactions in just a single step between supported assets. Uphold is integrated with 26 underlying exchanges, which helps users find the best token prices. It also offers a range of features, including staking rewards of up to 11%, automatic recurring transactions for dollar-cost averaging, and the ability to create simultaneous limit orders without pre-funding the account. Additionally, users can send funds to others on Uphold using just an email address, further enhancing convenience.
Uphold is distinguished by its dedication to security and regulatory compliance, holding certifications such as SOC 2 Type 2, ISO 27001, and PCI DSS. The exchange prioritizes the protection of user data and personal privacy, adhering to regulations such as the GDPR and CCPA. Furthermore, Uphold provides users in the UK with a debit card that allows them to earn cash back in XRP and spend from a pool of over 200 digital assets without incurring foreign transaction fees, solidifying its position as a user-friendly option in the cryptocurrency landscape.
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