Uphold Review 2022: Fees, features & more | 2023 | Finder
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Our take on
Uphold
Uphold supports a selection of cryptocurrencies, precious metals, equities and national currencies for you to trade.
The exchange boasts of being a platform on which you can trade “anything to anything.” In other words, you can trade Apple stock for Solana (SOL) for gold for Bitcoin (BTC), for example, without having to trade back through fiat currency.
However, you have to pay for the convenience of trading between asset classes, as Uphold’s spread fees are relatively high.
3
Finder Rating
★★★★★
-
Supported cryptocurrencies
★★★★★
Transferring money or assets
★★★★★
Fees and costs
★★★★★
Ease of use
★★★★★
Customer service
★★★★★
Features
★★★★★
Staking/earn
★★★★★
Trustworthiness/security
★★★★★
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Finder’s editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform’s strengths and weaknesses. You can read our full methodology here.
Our rating and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.
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Uphold pros and cons
Pros
- Available in 184+ countries
- Facilitates trades across asset classes
- Offers crypto records debit card
- Provides educational content
Cons
- Not available to US residents in all 50 states
- Certain services or access to assets are limited depending on geographical location
- Notable spread fees
Uphold pros explained
- Available globally. Uphold serves customers in 184+ countries and allows you to trade between 200+ currencies (traditional and crypto).
- Trade across asset classes. Using Uphold, you can trade from Ethereum (ETH) to shares of Apple stock to shares of a silver ETF without having to convert to fiat currency.
- Crypto rewards debit card. When you use Uphold’s prepaid debit card, you earn up to 4% back in Ripple (XRP).
- Learn from educational content. Read Uphold’s blog to learn more about digital assets and the products associated with them.
Uphold cons explained
- Not available in all 50 US states. Uphold is only licensed to operate in 42 US states.
- Limited access to services and assets in certain jurisdictions. You can only apply for the Uphold debit card if you live in certain regions. Some crypto assets are also only available in certain regions.
- Notable spread fees. Spread fees associated with buying and selling crypto assets range from 0.8% to 1.2%.
About Uphold – company history and background
The platform was founded in 2013, launched in 2015 and is based out of London, UK.
It currently has offices all over the world.
The platform is available in 184+ countries and supports trading for over 200 different currencies (both fiat and crypto) as well as commodities.
Listed Uphold crypto exchange assets
Uphold supports over 243 cryptocurrencies. In total, Uphold carries 17 of the top 20 cryptos by market cap.
Popular assets on Uphold
Uphold supports
Avalanche (AVAX)
Uphold supports
Binance USD (BUSD)
Uphold supports
Bitcoin (BTC)
Uphold does not support
BNB (BNB)
Uphold supports
Cardano (ADA)
Uphold supports
Cosmos Hub (ATOM)
Uphold supports
Dai (DAI)
Uphold supports
Dogecoin (DOGE)
Uphold supports
Ethereum (ETH)
Uphold does not support
LEO Token (LEO)
Avalanche (AVAX)Binance USD (BUSD)Bitcoin (BTC)BNB (BNB)Cardano (ADA)Cosmos Hub (ATOM)Dai (DAI)Dogecoin (DOGE)Ethereum (ETH)LEO Token (LEO)
Uphold does not support
Lido Staked Ether (stETH)
Uphold supports
Polkadot (DOT)
Uphold supports
Polygon (MATIC)
Uphold supports
Ripple (XRP)
Uphold supports
Shiba Inu (SHIB)
Uphold supports
Solana (SOL)
Uphold supports
Tether (USDT)
Uphold supports
TRON (TRX)
Uphold supports
USD Coin (USDC)
Uphold supports
Wrapped Bitcoin (WBTC)
Lido Staked Ether (stETH)Polkadot (DOT)Polygon (MATIC)Ripple (XRP)Shiba Inu (SHIB)Solana (SOL)Tether (USDT)TRON (TRX)USD Coin (USDC)Wrapped Bitcoin (WBTC)
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- BTC
- ETH
- XRP
- BCH
- EOS
- FET
- LTC
- ADA
- XLM
- MIOTA
- TRX
- NEO
- DASH
- XEM
- VET
- USDT
- ICX
- QTUM
- OMG
- ZIL
- LSK
- BTG
- ONT
- ZRX
- DCR
- MKR
- DOGE
- SNT
- DGB
- BAT
- LRC
- KNC
- LOOM
- BNT
- LINK
- POWR
- MANA
- REQ
- THETA
- CVC
- STORJ
- QSP
- GTC
- ANT
- ENJ
- BLZ
- GNO
- MTL
- TRAC
- REN
- DNT
- RVN
- MLN
- DAI
- STX
- AMP
- MDT
- NMR
- TUSD
- COVAL
- DOT
- XCN
- ATOM
- CTX
- IMX
- GMT
- UNI
- SUPER
- XTZ
- XYO
- KRL
- SHPING
- FOX
- FTM
- USDC
- GUSD
- PNT
- ANKR
- CRO
- PLA
- CELR
- MATIC
- TFUEL
- ALGO
- ONE
- CHR
- DAG
- QNT
- AERGO
- LPT
- HBAR
- SNX
- WBTC
- BIT
- FX
- OCEAN
- BUSD
- RAD
- OP
- NUM
- APT
- INV
- RAI
- COMP
- ASTR
- BAND
- OXT
- KAVA
- XDC
- CKB
- RSR
- KSM
- SXP
- COTI
- CTSI
- SOL
- KDA
- TRB
- NU
- RPL
- UPT
- UPUSD
- AR
- BAL
- DIA
- UMA
- YFI
- SRM
- CRV
- AVAX
- YFII
- HNT
- SUSHI
- SAND
- RUNE
- ORN
- EGLD
- FIL
- AAVE
- ALPHA
- CAKE
- INJ
- NEAR
- AUDIO
- ROSE
- KP3R
- AXS
- UNFI
- ACH
- PHA
- SKL
- GRT
- GLM
- 1INCH
- CELO
- GHST
- TRU
- API3
- BADGER
- FLOW
- POLS
- FXS
- RLY
- SUKU
- ALICE
- PERP
- ALCX
- ROOK
- FORTH
- RARI
- XCH
- CSPR
- SHIB
- PRQ
- FARM
- LQTY
- LUSD
- MASK
- ALBT
- AIOZ
- RNDR
- CQT
- MINA
- LTX
- XNO
- CLV
- CVX
- ILV
- METIS
- RAY
- TRIBE
- TON
- FRAX
- PICKLE
- C98
- ASM
- GALA
- LDO
- USDP
- YGG
- RARE
- ORCA
- SPELL
- MIM
- AGLD
- DYDX
- QRDO
- MOVR
- SGB
- ENS
- GODS
- BICO
- BOBA
- GMX
- HIGH
- FLR
- RBN
- JOE
- WCFG
- GFI
- AURORA
- SYN
- GLMR
- HOP
- MAGIC
- T
- JUNO
- APE
- SD
- MV
- BONE
- LUNC
- OCT1
- LUNA2
- AZERO
- EUROC
- EUL
- $ADS
- VCO
- UPEUR
- SWEAT
- HFT
- MYTH
- BLUR
Uphold exchange fees
Deposit methods
- Bank transfer
- Credit card
- Debit card
- Bank transfer (SEPA)
- Apple Pay
- Google Pay
Uphold deposit and withdrawal fees
Transaction type
Fee
Deposit funds
Bank transfer: None
Credit card: 3.99%
Debit card: 2.49%
Google Pay: None
Withdraw funds
Cryptocurrency: subject to network fees
Bank transfer: None
Google Pay: None
Uphold trading fees
Type
Fee
Trading
$1 flat fee on trades
Trading
Spreads also apply
Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.
Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.
Other fees
Uphold charges a [US$0.99] transaction fee on all transactions between assets where the amount transacted is under [US$100] in value.
Uphold charges a spread fee for trades. The spread fee for crypto trades varies depending on what assets you are trading and the region in which you are trading them.
In the US and Europe, the spread fee for cryptocurrencies ranges from 0.8–1.2%. Outside of these regions, the spread is about 1.8%.
The spread fees for other trades are as follows:
Precious Metals: approximately 3%
Fiat Currencies: about 0.2% for most major national currencies
*There is a 65-day cooling-off period whenever a user deposits USD using the ACH network. This also applies to withdrawing crypto that was purchased using USD that was funded using this network.
How to sign up on Uphold exchange
- Step 1
To start the registration process, you can click the ‘Sign up’ tab in the top right of the homescreen.
- Step 2
Users will be brought to a registration page where they will need to register an email account to Uphold. They will be sent a verification email with a link. They will then be asked to verify some brief personal information to attach to the account.
- Step 3
You can now access your account. You will need to verify your ID before you will be allowed to fund your account and begin trading.
- Step 4 KYC
Verifying your ID is straightforward. Uphold will display a link on your screen which you can either continue with on your phone through a provided QR code or a link sent via SMS. You will be required to submit a copy of your ID and a selfie. Once this process is complete, you’re ready to start funding your account and begin trading.
Create a Uphold exchange account
About the Uphold app
You can download Uphold’s mobile app on either Android or iOS devices. The app makes it easy to manage your account on-the-go.
Is Uphold exchange safe?
Uphold has a strict KYC protocol in place, as well as requiring all of its users to add a 2-factor authentication security setting before allowing them to fund and trade on their registered accounts.
Uphold holds 90% of its digital assets in cold storage and is audited quarterly to verify its solvency.
Regulation. Uphold is regulated by the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the UK’s Financial Conduct Authority (FCA).
Past hacks. Uphold has been operating since 2015 and has never been hacked.
Security audits. Uphold states it undergoes regular security audits and penetration testing.
Insurance. Uphold has no insurance in place for users.
Keeping your crypto secure
All centralized exchanges, including Uphold, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or
hardware wallet is widely accepted as the best way to improve the security of your funds. We’ve shared some of our top picks below.
Ledger Nano X Wallet
Trezor Model T Wallet
Ledger Nano S Plus Wallet
Go to site
Go to site
Go to site
Supported assets
5,500+
Supported assets
1,456+
Supported assets
5,500+
Price (USD)
$149
Price (USD)
$219
Price (USD)
$79
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Uphold customer support
Users can visit the FAQ page which has a list of the most frequent issues that users have come across with their remedies.
If a user wishes to speak directly to customer service, they can do so through the Contact Us form.
The customer support is very responsive, with an average time of around 15 minutes.
Google Play ratings27.5k ratings, 4.7 stars, 5M+ downloadsApple Store ratings13.4 ratings, 4.2 stars
How to reach Uphold
- Contact form
- Facebook page
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