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DASH · 206w

Uphold - Up-To-Date Money Services - Review

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...

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