Uphold

Uphold is a versatile and user-friendly digital asset platform that allows individuals to buy, sell, trade, and hold a variety of assets, including cryptocurrencies, stablecoins, precious metals, and even traditional fiat currencies. Known for its straightforward interface and multi-asset support, Uphold is especially appealing to users looking to diversify their portfolio across multiple asset classes.

Uphold Fees

Uphold operates on a fee structure that is transparent but can vary depending on the asset type and trading activity. Key highlights include:

1. Trading Fees: Instead of a standard percentage-based trading fee, Uphold incorporates a spread into the price of the asset. Spreads vary based on market volatility and liquidity but generally range as follows:
   • Crypto: Approximately 0.8% to 1.2% for major cryptocurrencies like Bitcoin and Ethereum.
   • Precious Metals: Spreads are around 3% for assets like gold and silver.
   • Fiat-to-Crypto Conversion: Uphold typically charges a spread of about 0.85% for major fiat conversions.
2. No Deposit or Withdrawal Fees: Uphold does not charge fees for deposits or withdrawals in fiat currencies or supported cryptocurrencies. However, standard blockchain network fees apply when transferring crypto assets.
3. Account Fees: Uphold does not charge monthly account fees or require a minimum balance, making it accessible for both casual and experienced traders.

Uphold Rewards: Earning While You Hold

Uphold's Rewards Program is designed to help users earn returns on their holdings, particularly stablecoins. The program offers competitive rates on various digital assets, such as:

• Stablecoin Rewards: Users can earn up to 5% annual percentage yield (APY) on popular stablecoins like USDC and DAI.
• Ease of Use: There are no complex staking requirements or lock-up periods.
• Monthly Payouts: Rewards are automatically paid out on a monthly basis and compounded, allowing users to maximize their returns.

The Uphold Rewards Program provides a flexible and reliable way for users to earn yield, particularly in a volatile market. Stablecoins offer the added benefit of price stability, making them an attractive option for those looking to preserve value while growing their holdings.

Stablecoin Interest Program

Complementing the Rewards Program, Uphold’s Stablecoin Interest Program ensures users can earn a steady 5% APY on their stablecoin balances. Key features include:

• Automatic Earnings: Interest begins accruing as soon as stablecoins are held in the wallet.
• No Lock-Ups: Users retain full access to their funds at any time.
• Compounding Growth: Monthly interest payouts are reinvested, enhancing overall returns.