Uphold & Gold

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Avatar for Chubbie149
3 years ago

Overview

My follower's on read.cash perhaps remember in the Uphold article I mentioned them dealing in precious metal's. Anyone who was unaware or don't remember the Cryptocurrency exchange Uphold has began allowing the sale of precious metal's shares or (ETF's). Many may recognize Uphold as they are Brave Browser partner accepting (BAT) basic attention token users have earned. While many may use their service i feel like not many are totally aware they sell Gold, Palladium, Platinum, and Silver (shares).

Real Gold?

When asked the Uphold support replied "When you hold gold, silver, platinum or palladium at Uphold, we hold that precious metal, e.g. gold bullion, in our reserve to back that value". Meaning that they have the monetary equivalent of the users Shares so it is real. Withdrawing the asset's is possible while users may chose to convert it to crypto or fiat. Ausecure is Upholds partner that while i'm unable to find restrictions specific to region is based in Chicago. With insured vaults in New York, London, Zurich, Singapore, and Australia.

Price determination

According to Uphold prices are retrieved in real time from their gold provider Gold Bullion International. For anyone whom read my PayPal article. You will know how much i detest Spread fee's as their an unfair practice. Spread free rates philosophy of Uphold's international currency and crypto assets exchanged . But their precious metal's ETF's exchanges as well. For any one unaware a Spread Rate is a % charged by a money brokerage for exchanging or transferring assets to a different denomination.

Brave partnership

To anyone whom frequents my articles would already be aware that Brave Browser and Uphold are partnered. In my opinion i believe that the trading of assets is just a little bit safer through brave browser. Since they are partnered with uphold none of their Shields such as tracking blockers ad blockers and fire wall's conflict with upholds site.

Uphold for Equities

Offering a fractional equity service lets users purchase "Expensive " U.S company stocks for as little as $1 U.S.D. Upholds site states that their "fractional equities" gives the purchaser proportional ownership of the Stock in question. As of 10/25 they offer the stocks seen below.

Big thanks to read.cash and to all my supporters the overall quality from my perspective seems better.

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3 years ago

Comments

Nice one

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3 years ago

i got a lot of information , thanks for sharing with us

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3 years ago

i'm wary of gold to be honest...still not sure if i want to hold any. nice post!

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3 years ago

yeah but palladium is interesting though

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3 years ago

that's something i could look into. or would you consider writing an article about palladium?

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3 years ago

vary improtive article dear keep it up 😍😍

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3 years ago

Thanks ill try

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3 years ago

I'm a fan of Uphold and have used it both to hold BAT and buy other altcoins. I haven't yet taken the leap into trading commodities though as I know very little about these markets (apart from, perhaps, the relationship between gold and BTC). It's great to have the option though and Uphold really lowers the barriers to entry.

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3 years ago

yeah thanks that is why i focus on them more than say coinbase everyone who uses them really hasn't seen the full service most of the time

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3 years ago

Gold is asset which many counties start to collect and very good in protecting value on financial markets..

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3 years ago