Pros
- Wide range of cryptocurrencies
- Trade stocks and precious metals
- Swap crypto for stocks or metal in seconds
- Recurring buy/sell orders
- Educational resources
- 50 simultaneous Limit orders allowed
- Free debit card purchases
Cons
- High spreads
- Uphold debit card not available to Canadians
- Bank deposits/withdrawals not available for Canadians
- 99% credit card processing fee
- Lack of search filters for equities
Released in 2015, Uphold is the best crypto exchange for multi-asset trading in Canada. Not only can you trade 60+ popular digital currencies but you can also trade US stocks or precious metals. This is why many Canadian crypto investors prefer Uphold over others.
Uphold is a versatile cryptocurrency exchange, offering a unique range of deposit methods including credit/debit cards, direct cryptocurrency deposits, equities, and even precious metals. This exchange supports multiple currencies such as Canadian dollars (CAD), USD, and Euros, making it accessible for a global user base.
Designed with beginners in mind, Uphold provides an easy-to-navigate interface and a diverse asset portfolio. Users can trade from over 65 cryptocurrencies, invest in more than 50 US stocks, and deal with 4 different precious metals.
In terms of fees, the platform maintains a 1.8% spread on most cryptocurrency trades, a competitive 1% spread on equities, and a 3% spread on metal trades. Notably, debit card purchases on Uphold are free of charge. While the spreads are quite high at 1.8% for Canadians, we still think Uphold is one of the best crypto exchanges for Canadians because debit card purchases are free. If your bank allows the transaction, you can buy crypto from Uphold without additional card charges. You can manage all your assets on the desktop trading platform or on Uphold’s mobile app.
With Uphold’s “Anything to Anything” function, you can trade crypto to crypto, or trade crypto for a US stock, or a precious metal, in a few clicks. Not only that but you can place up to 50 simultaneous limit orders without putting up capital for each order. No other Canadian cryptocurrency exchange allows this many limit orders at once, so we think that makes Uphold one of the best crypto exchanges in Canada.
Michel Ouellette JMD, ll.l., ll.m.
JMD Live Online Subscription link.
J. Michael Dennis, ll.l., ll.m.
Personal & Corporate Fixer
Skype: jmdlive
Email: jmdlive@jmichaeldennis.live
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Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.
When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.