Uphold Review 2023

Uphold could be a good choice for cryptocurrency investors who want access to a large variety of tradable coins and tokens. The platform also lets you trade precious metals and foreign exchange (forex). Conveniently, you can trade assets without converting to cash first, like swapping your Bitcoin directly for gold.

Uphold is user-friendly and easy to set up. You can make trades immediately once you create and fund your account from a bank account or a credit card, with no need to wait for the funds to clear. There is a 3.99% fee added for deposit fees made via credit card in the U.S.

Uphold’s biggest drawback is high fees, especially for lower-volume cryptos and at times when markets are volatile. They also do not offer discounts for larger trades, charging the same high percentage as a spread on all trades, regardless of size.

Investors with larger portfolios and who plan on making more frequent crypto trades may want to check out crypto exchanges like Kraken, Binance.US or Gemini.