when users sign up for uphold they are asked to provide the following personal information 
in order to withdraw or send funds to other people individuals must become verified users to become a verified user uphold requires a current residential address a valid government photo identification and a live selfie 11advantages and disadvantages of upholdjust like any other platform individuals must consider the benefits and drawbacks of using uphold we ve listed some of the most common ones below uphold users can make trades exchanges and transfers across multiple asset classes and the service allows users to convert from one asset class to another this includes traditional currencies precious metals cryptocurrencies and equities the company is very transparent about its fee structure this means there are no surprises about how much uphold charges for using the platform and how much it charges per transaction as noted above uphold s all inclusive price comes with a small spread between 0 5 to 1 0 but it can be as low as 0 4 although uphold offers its users a variety of asset classes there are limitations to the number in each category as of july 2022 uphold allows users to trade four different precious metals and 40 different equities including major names like tesla apple cisco proctor gamble and home depot unlike other digital platforms users won t find any advanced features on uphold this includes things like charts research and other tools that many savvy traders are used to using as part of their daily activities buy and sell across multiple asset classestransparent fee structurelimited options in asset classeslack of trading toolsuphold vs coinbasecoinbase is another well known financial platform unlike uphold coinbase only allows users to buy sell trade and hold cryptocurrencies not different asset classes it was founded in 2012 as a way to trade bitcoin and now supports multiple digital currencies including ethereum and dogecoin users can choose between coinbase and coinbase pro the former provides a user friendly experience for those who are just starting out while the latter offers more advanced features as well as a higher number of trades and trade types like limit and stop orders uphold is very transparent about its fee structure coinbase users on the other hand can t access a fee schedule on the company s website for the simple service and there are significant differences between the two platforms while trading using a bank account is free for uphold users coinbase charges 1 49 trading fees on coinbase are based on the size of the trade so trades of 10 or less incur a 0 99 fee while those between 50 to 200 incur a 2 99 fee coinbase pro does offer a fee schedule on its website 12