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Uphold Review

Last Updated: Jul 10, 2022  |  Published: Jun 10, 2022


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In today's review, we're looking at Uphold, a crypto exchange available in 180+ countries that also offers stocks, precious metals, and more.

This is part of a larger review where we tested 20+ cryptocurrency exchanges. We'll go over the pros and cons of using Uphold and see if it's worth signing up for. Let's get started.

Our Review 

Uphold has zero trading fees, 130+ cryptocurrencies, and a variety of assets you can trade. However, it has high spreads (up to 3% or more) and it's hard for some countries to fund their accounts. Overall, we found that there are other better platforms for crypto investors.

See our top crypto exchanges here. You can compare over 20 platforms on fees, features, security and more to find the best one for you.

Where It Shines:

  • Beginner friendly and easy to use
  • 130+ cryptocurrencies
  • Trade stocks, precious metals and 20+ fiat currencies
  • Swap any asset to another in seconds (eg. Gold to Bitcoin)
  • Stake 8 digital assets and earn up to 19.5% APY

Where It Falls Short:

  • High spreads up to 3% or more
  • No advanced trading tools
  • Limited deposit/withdrawal options
Uphold

Uphold Overview

Updated: Jun 16, 2022

Coins Offered

130+

BTC Spread

3.46% (Apr 16, 2022)

Trading Fee

Free

Bank Account Deposits

BTC Withdrawal Fee

0.0003 BTC + $2.99

Notable Features

Trade crypto, stocks, precious metals, and more

Supported Countries

What Is Uphold?

Updated: Jun 15, 2022

If you’re looking to trade multiple assets all in one place then Uphold might be what you’re looking for. They offer 130+ cryptocurrencies, 50 equities, 5 precious metals, and 20+ fiat currencies.

When you log in to Uphold, you'll see a beginner-friendly and minimal design. Anyone can figure out how to make trades regardless of experience. Its main feature is you can trade "Anything-to-Anything" in just a few clicks. For example, Gold to Bitcoin without having to convert to fiat first.

Uphold is relatively popular. They have 10 million users since being founded in 2013. They are based in the USA but offer their services in 180+ countries.

Some Stats

  • 10 million users
  • Available in 180+ countries
  • 130+ cryptocurrencies
  • 20+ fiat currencies
  • 8 assets for staking
  • Headquartered in USA
  • Founded in 2013

User Interface

Updated: Jun 14, 2022

  • Web app

  • Mobile App

Platform & Features

Updated: Jun 15, 2022

In general, Uphold does not have the highest number of features, like a Binance or Crypto.com. But, they do let you trade multiple asset classes, stake crypto, set up recurring transactions, and more.

A great thing about Uphold is that you can open an account in 10 minutes, and it's easy to use, regardless of your experience with investing. A beginner will appreciate the clear navigation and the beginner-friendly design. With no learning curve, you can focus on investing rather than learning how to use the platform.

The biggest drawback is high spreads, which I discussed in the fees section. Here's more information about Uphold's products and services.

130+ Cryptocurrencies

Uphold supports 130+ cryptocurrencies. They frequently add new coins, so the number of available coins keeps increasing. In 2021, they only had about 70 coins. While it's a good selection, the best altcoin exchanges are Binance and KuCoin. They both offer 600+ coins with the lowest fees and spreads in the industry.

Trade 20+ Currencies

Uphold offers a wide range of fiat currencies. From Peso's and Shekel's to Rupee's and Swiss Franc's, you have a variety of choices. Keep in mind, not all currencies support deposit/withdrawals.

U.S. Equities

Uphold lets you trade over 50 U.S. stocks for as little as $1. However, this service is only available in certain regions.

Precious Metals

You can buy gold, silver, platinum, and palladium. And you'll enjoy instant liquidity as well as zero custody costs.

Trade "Anything to Anything"

The "anything to anything" trade allows you to move between crypto, national currencies, and metals using one screen. There are no trading fees, but beware of the spreads, which can be quite high. It claims to be 1.2% on their website, but when we tested it, it was 3.46%. A considerable difference!

Recurring Transactions

With recurring transactions, you can dollar-cost average (DCA) into your investments completely automated. Uphold lets you automatically withdraw money from your card without having to deposit it every time.

Staking

Uphold lets users earn rewards automatically every week based on how much you stake. The more you stake, the higher the APY you may earn, which currently ranges between 4% and 19.5%. There are currently 8 assets available for staking (KSM, KAVA, ADA, DOT, ATOM, SOL, ETH, XTZ).

App Integrations

Uphold lets you to connect your wallet and account to third-party apps for more functionality. For example, you can connect with CoinTracker, Koinly, BlockReward, and other services. There is at least a dozen "Uphold approved" integrations which can be added in a few clicks.

Uphold Debit Card

The Uphold card allows you to use crypto, gold, and other assets as payment methods. You can earn 1% cashback and 2% crypto rewards. The debit card is also integrated with Google and Apple Pay. 

Customer Support

Updated: Jun 15, 2022

You can reach Uphold by email or live chat. They also have a pretty comprehensive FAQ section that covers most topics. Unfortunately, we didn't test their customer support so we can't give them a review.

Opening An Account

Updated: Jun 15, 2022

Uphold has a seamless registration process. In less than a minute, you can open an account. Then, verification will take another few minutes. In under 10 minutes, you can start trading crypto and other assets right away. Trading on Uphold requires you to provide your ID and complete KYC.

Requirements:

Application Time

Under 10 minutes

KYC

Mandatory

Instant Verification

Yes

Who Is Eligible?

150+ Countries

Sign Up Requirements

  • Email address
  • Legal name
  • Date of Birth
  • Address
  • Income and Occupation questions
  • Phone number
  • Selfie
  • Government-issued ID

Fees & Spread

Updated: Jun 15, 2022

  • Trading Fee: Free
  • Recurring Buys: Free
  • Staking Fee: 15% (already included in the APY)
  • Bank Deposits: Free
  • Bank Withdrawals: Free

Spreads

This is what Uphold claims are their spreads on their website:

  • 1.80% for BTC and ETH, significantly higher for other coins
  • 3.00% for precious metals
  • 0.20% for major fiat currencies like EUR, USD, and GBP

However, in our test, Bitcoin had a 3.46% spread, nearly twice as much. The results are below:

Uphold Price Test

Results

Spread

3.46%

BTC Buy Price

$41,446 USD

BTC Sell Price

$40,061 USD

Ref. Price Difference

Buy: 0.45%

Sell: -2.91%

Reference Price (Google)

$41,261 USD

Deposit & Withdrawals

Updated: Jun 15, 2022

Fiat Currencies

Fiat Wallets

(Deposit/Withdrawals supported)

Credit/Debit Card

Yes

P2P Exchange

No

Crypto Withdrawal Fees

Type

Fee

Minimum Withdrawal

Bitcoin

$2.99 + 0.0003 BTC

0.00001 BTC

Ethereum

$2.99 + Gas Fees (dynamic)

0.001 ETH

USDC

$2.99 + Gas Fees (dynamic)

?

Security

Updated: Jun 15, 2022

Company Security Features

  • Uphold is fully reserved and all asset balances are public
  • Fully compliant and licensed in the USA, UK, and multiple jurisdictions
  • Founded in 2013 and great track record
  • All employees pass a background check
  • 24/7 monitoring of suspicious activity in your account
  • Transparent team
  • View Uphold's security page

User Security Features

  • 2 Factor Authentication

Is Uphold Safe?

Yes, Uphold is a safe and secure platform. They have never been hacked (founded in 2013) and are regulated in multiple countries. They also have full reserves and are very transparent about their holdings. Their assets and balances are publicly available and can be viewed in real time.

⚠️ Although this platform is safe, over 50% of platforms we tested have had hacks or incidents in the past. We strongly recommend storing and protecting your crypto on a non-custodial wallet where you own the private keys. Preferably, a reputable hardware wallet like the Ledger Nano X.

Compared

Compare the world's most popular cryptocurrency exchanges:

Name

Coins

# of Features

Standard Trading Fee

Supported Countries

Fiat Wallets?

BTC Withdrawal Fee

Website

240+

15+

0.10%

190+

No

0.0005 BTC

Binance

Binance 🏆(#1 overall)

600+

30+

0.10%

100+

Yes

0.0005 BTC

150+

15+

0.20%

?

Yes

0.0004 BTC

750+

10+

0.25%

180+

No

0.0005 BTC

50+

5+

0.50%

?

Yes

0.0005 BTC

300+

5+

0.75%

100+

Yes

0.0003 BTC

140+

15+

0.10%

180+

No

0.0005 BTC

170+

10+

3.99%

100+

Yes

Dynamic

110+

5+

0.60%

100+

Yes

Dynamic

30+

10+

0.10%

150+

Yes

0.15%

250+

20+

0.40%

90+

Yes

0.0006 BTC

40+

10+

0%

50+

Yes

0.50%

190+

20+

0.07%

180+

Yes

Free/Dynamic

1000+

30+

0.195%

190+

No

0.001 BTC

60+

15+

1.49%+

60+

Yes

0.001 BTC

60+

10+

0%

100+

Yes

0.0005 BTC

500+

20+

0.20%

130+

Yes

0.0005 BTC

190+

10+

0.26%

190+

Yes

0.00002 BTC

500+

20+

0.10%

190+

No

0.0005 BTC

350+

25+

0.10%

100+

No

0.0002 BTC*

300+

10+

0.155%

100+

No

0.0005 BTC

130+

10+

0%

180+

Yes

0.0003 BTC + $2.99

Best Alternatives

Here are the best crypto exchanges around the world that are supported in many countries. We assessed 21 platforms across 40+ variables and 950+ data points.  

Binance
  • 600+ cryptocurrencies
  • Lowest spreads and fees in the industry
  • Most features in the industry
  • Not beginner friendly
Kucoin
  • Low spreads and fees if you fund your account with crypto
  • 700+ cryptocurrencies
  • Trade anonymously (all you need is an email right now)
  • Not beginner friendly
Crypto.com
  • Best crypto credit cards
  • Earn interest on 40+ coins
  • Lots of fiat currencies supported
  • High spreads
  • User interface
Coinbase
  • Best reputation, publicly traded company
  • Best for beginners
  • Beginner + Advanced trading
  • Very high fees overall
FTX
  • Low trading fees and low overall fees
  • Lots of advanced features
  • Hard for beginners
RankFinance

Find the best crypto exchanges with our free comparison tool

The Bottom Line

Uphold has zero trading fees, 130+ cryptocurrencies, and a variety of assets you can trade. However, it has high spreads and it's hard for some countries to fund their accounts. Overall, we found that there are other better platforms for crypto investors.

Reasons To Use Uphold

  • Variety of cryptocurrencies
  • Trade precious metals, stocks, and currencies
  • Beginner friendly and easy to use

Reasons To Not Use Uphold

  • Can't deposit/withdraw all fiat currencies
  • Uphold has high spreads and cheaper platforms are available
  • High crypto withdrawal fees
  • No advanced trading

See our top crypto exchanges here. You can compare over 20 platforms on fees, features, security and more to find the best one for you. 

Uphold

Start Trading 130+ Cryptocurrencies


Uphold

Uphold

Trade 130+ cryptocurrencies

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