Uphold has expanded its digital currency offerings by enabling Bitcoin Cash (BCH) transactions for its members. This integration adds BCH to Uphold’s diverse portfolio of over 30 digital currencies and commodities, enhancing flexibility for users worldwide.
Key Features of Bitcoin Cash on Uphold
- Seamless Conversions: Exchange BCH for any supported currency or commodity (e.g., USD, gold, BTC).
- Deposits/Withdrawals: Transfer BCH in and out of Uphold wallets.
- Tiered Reserve System: BCH graduated to Tier Three status, ensuring liquidity and stability for transactions.
Background and Implementation
Following the August 1, 2017 Bitcoin fork, Uphold allocated 1:1 BCH to members holding BTC. After monitoring BCH’s market stability for four weeks, Uphold upgraded it to Tier Three, enabling full transactional capabilities.
Adrian Steckel, Uphold CEO: "Bitcoin Cash represents a milestone for the crypto ecosystem. We’re proud to facilitate secure BCH transactions for our global community."
Uphold’s Tiered Reserve Framework
Uphold’s Four Tier reserve system evaluates digital assets based on:
- Tier Four: New/unproven assets (e.g., post-fork BCH).
- Tier Three: Assets meeting liquidity/stability thresholds (e.g., current BCH status).
- Higher Tiers: Established currencies with advanced trading features.
👉 Explore Uphold’s transparent reserve system
FAQs
1. How do I access my Bitcoin Cash on Uphold?
Members holding BTC during the fork received equivalent BCH automatically. Log in to your Uphold wallet to view and transact with BCH.
2. Can I convert BCH to fiat currencies?
Yes. BCH can be exchanged for USD, EUR, or other supported assets instantly.
3. Is Bitcoin Cash a good investment?
Uphold facilitates transactions but does not endorse specific investments. Research market trends and risks independently.
4. What’s next for Uphold’s crypto support?
The platform continues integrating emerging tokens (e.g., Basic Attention Token) to meet user demand.
Why Choose Uphold?
- Global Reach: Services in 174 countries with 30+ currencies.
- Security: Full-reserve, real-time audits.
- Innovation: APIs for developers via Uphold Connect.
Disclaimer: Markets Insider/Business Insider did not contribute to this content.
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