UP Exchange: Safe Crypto Trading Platform?
What Is UP Exchange?
Founded in 2019, UP Exchange is a cryptocurrency trading platform that offers cryptocurrency traders and global liquidity providers with state-of-the-art services and unparalleled support, tools, and innovation. Up Exchange is among the few of the industry’s crypto trading platform specifically designed to accommodate the increasing interest and popularity in cryptocurrency trading.
UP Exchange seeks to become the go-to platform for digital asset traders and institutions by providing users with access to a wide range of advanced trading features and charting tools. Additionally, users on UP Exchange can utilize the platform to acquire peer-to-peer financing, access any OTC market, or margin trading for various digital assets.
How To Trade On UP Exchange
To begin trading on UP Exchange users are required to provide their email address, password, and a password confirmation. After the registration process is complete, users can buy cryptocurrencies on the platform by depositing funds in their Digital Tokens Wallet proportionate to the amount of cryptocurrency they would like to purchase on UP Exchange.
Once buyer receives their purchased cryptocurrency, the paid amount is released to the seller’s Digital Tokens Wallet. The funds can be withdrawn in any of the user’s preferred cryptocurrency such as Bitcoin, Ethereum, Ripple, and Doge. The withdrawal fees are determined by the cryptocurrency used to withdraw the fees.
Additionally, the withdrawal limits are determined by the KYC level of the user. For instance, a user in Level 1 that has not completed the KYC process has a withdrawal limit of 1BTC while a Level 2 user who has completed the KYC procedure has a withdrawal limit of 10 BTC. A level 3 user who is categorized as a VIP trader has a withdrawal limit of 20 BTC while a level 4 user has a withdrawal limit of 60 BTC.
Why Trade On UP Exchange
Most of the deposits made by the customers on UP Exchange are stored in secure offline cold storages. The remaining deposits are left online to facilitate active trading on the platform. This mechanism minimizes the exposure and risk losing funds in case of malicious attacks on the platform.
Advanced Auditing Programs
UP Exchange is integrated with advanced auditing programs that have the ability to monitor the exchange activities at all times and report or block any suspicious activities that might potentially harm the cryptocurrency traders on UP Exchange.
Access To The UP Wallet
Users on UP Exchange will have access to the UP Wallet which is an integrated and centralized wallet that enables users to seamlessly transact with the cryptocurrency exchanges which eliminates the need for users to store their assets on other exchanges or wallets, which might not be secure.
Unlike the centralized banks that operate on the user’s fractional reserves, on UP Exchange, any funds users deposit on the platform are only used to facilitate trading through the user’s trading account.