Is Uphold a safe app to use?

Asked 4 years ago

Hi, I’m totally new to doing my own investing. Two months ago I downloaded the app Uphold and invested $50 in XRP and $50 in DOGE..XRP which seems to be increasing in value today, so I have no problems there. 

My main concern is whether Uphold is safe and a good app to use?

Uphold Trustworthiness of apps Safety of platforms

Andia Rispah Igobwa

Monday, May 24, 2021

With Uphold, you can only access your account through a two-factor authentication.
This two-step process means you have an additional layer to protect your account.
You need a password every time you login or wish to withdraw funds.
Besides, you're the only one with access to your password as it's only generated on your phone.

Andrew Moran

Monday, June 21, 2021

Based on plenty of user reviews, the Uphold application is safe and legitimate.
It is highly liquid thanks to the high fees and the 65-day hold to transfer.
Moreover, Uphold possesses the keys so you do not need to worry about custody.
Ultimately, one of the key benefits of Uphold is the security and data protections in place.
At the same, it would be prudent to limit how much money you have in this account. Since the crypto market is highly volatile and there are plenty of risks with exchanges and wallets, you should set yourself a limit ($100) and then take the money and run.