Uphold is a powerful free application for Android devices that lets you invest in a variety of currencies. These include gold, cryptocurrencies, stocks, and EFTs, among a variety of other options. Along with investing functionality, the application also functions as a digital wallet for your crypto coins, as well as a way to send and manage funds to and from friends and family.
Plenty of investing options
Through the Uphold app, you are able to select from multiple options for investing that range from gold to cryptocurrencies such as Bitcoin and Ethereum. The application features a 0% deposit and withdrawal fee for all your transactions.
Additionally, you can trade a type of currency for another of equal value. This method lets you buy digital coins and convert them into stocks or gold before changing them into a different cryptocurrency. The feature skips over the need to perform two transactions and deduct two fees, helping you keep more of your money.
Uphold is a useful way to send investment opportunities to friends and family, as you can transfer funds at no cost. The feature lets both you and the receiver select your own currencies, which the application will then convert. You choose an asset and the value you want to send, while the other person chooses how it arrives on their side.
Uphold works using guaranteed prices, where the preview price that’s shown is the final amount you’ll pay. This feature can save or lose you money depending on the change of value for individual assets.
Acts as a wallet
Uphold functions like a cryptocurrency wallet, letting you store what you’ve just acquired through the application. This feature saves you the need to download a secondary app but can result in a crowded menu. Fortunately, the application doesn’t prevent you from sending your currencies to an alternate wallet.
From Bitcoin to stocks
Uphold is a legitimate way to purchase cryptocurrency, invest in metals, and buy stocks. While the app offers a nice list of features, it still falls a bit short when compared to the competition like Coinbase, Kraken, or the beginner-friendly Robinhood. Regardless, the application is well-made and is still a good option to consider if you're looking into buying cryptocurrencies.