Uphold launches a feature-rich multichain self-custodial wallet enabling users to take control of their digital assets and NFTs.
Uphold, one of the few US-based crypto exchanges supporting XRP has announced the highly anticipated arrival of UpHODL. This multichain self-custodial wallet puts users in control of their cryptocurrencies and NFTs.
The wait is over – #UpHODL is here!
Our multichain, self-custodial wallet is designed to let you take control of your crypto & NFTs.
? Multi-chain support
? Self-custody crypto & NFTs
? Buy crypto directly from the walletDownload the app here: https://t.co/7rJIq0Rttv pic.twitter.com/9UVC6wMI18
— Uphold (@UpholdInc) July 10, 2023
UpHODL
According to the announcement, UpHODL was released to Apple Apps Store and Google Play Store, offering a range of features. It includes support for multiple blockchain networks. Uphold noted that the platform will initially support Bitcoin (BTC) and the Ethereum ecosystem.
The crypto wallet also empowers users with self-custody capabilities, allowing them to control Bitcoin, ETH, and NFT collections completely.
Additionally, Uphold integrated the ability to buy crypto directly from the wallet, charging zero commission trading at multiple DeFi venues. The exchange has integrated a fiat-to-crypto on-ramp service for this.
These features streamline the process, making it more convenient for users to acquire and trade their desired digital assets without leaving the UpHODL platform. Notably, UpHODL also has iCloud and Google Drive backup for easy management.
No XRP Support Yet
Before the official launch, Uphold confirmed that the UpHODL product will only support Bitcoin, Ethereum, and ERC-20 tokens at the initial stage. This indicates that the wallet will not support XRP or assets on other networks.
An investigation by The Crypto Basic confirms this. Notably, the UpHODL wallet only has room to buy, send and receive BTC, ETH, and ERC-20 tokens. Uphold has not confirmed that it has plans to add support for other crypto assets in the future.
Recall that early this month, Uphold teased the coming of a vault service, offering early access to XRP enthusiasts and investors, as The Crypto Basic reported. It is worth noting that Uphold Vault and the recently launched wallet service are two distinct products.
Notably, Uphold has had a long-standing relationship with the XRP community, launching over-the-counter trade for XRP investors last month, as The Crypto Basic reported.
Community Remarks
The unveiling of UpHODL attracted over 23k engagements from the crypto community. Among the comments that stood out was a Twitter user who expressed support for Uphold while recommending caution and suggesting that users allow the product to establish itself before fully committing.
Another commenter, Victor Sepulveda, conveyed admiration for Uphold, recognizing them as pioneers in the industry.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
