Uphold.com bills itself as: the world’s fastest growing platform for moving and holding any form of money or commodity, instantly and securely.
They offer the ability to store and transfer between many different government currencies, a number of crypto currencies and even things like gold and silver. At this time they do not directly support Dash but do accept Bitcoin (1&2), ETH and LTC.
Uphold offers the ability to transfer in crypto and move it to USD. You can then fund a “virtual” Mastercard or move it to a linked checking account. Since I wanted to spend some Dash and the service was recommended by a friend I gave it a try. It is a very well designed site that makes it relatively easy to setup an account.
Again they don’t directly accept Dash but since my default service Coinbase / GDAX doesn’t either I didn’t see any downside to trying something new.
First decision is: are you willing to do the AML/KYC thing – if no stop here – so I sent in pictures of both sides of my DL and was approved in an hour or so.
I found the site aesthetically pleasing and easy to use so I shapeshifted some Dash to LTC (sorry to report) and deposited it into Uphold. No charge so far.
To move from crypto to a government currency there is a fee – .95% (say 1%) to go from LTC into USD – that is more than double what GDAX charges but not too bad.
The next step after you have USD is to create a virtual Mastercard. That fee stopped me cold – it is a flat 5%. The good news is it would work in the US but it was too big a fee for me. Another interesting thing I learned was the list of “prohibited industries” where the virtual card would not work – it seems clear it is for fraud protection – no gas, pawn shops or luxury goods.
If I would have linked a bank account based in USD you can move into or out of that account for no fee. Basically you are charged a fee anytime you “transfer” from one currency to...