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Uphold Review in 2025: Pros, Cons, and Features

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Darko Jacimovic
Last Updated

Are you looking for a cryptocurrency exchange that offers a wide range of assets and easy trading options? Uphold is among the top recommended cryptocurrency exchanges. It is also a popular choice if you are just getting started with crypto. In this Uphold review, we’ll take a closer look at the pros and cons of Uphold.

We’ll note its unique cross-asset trading features and user-friendly platform.

Whether you’re a seasoned or a beginner investor, read on to find out if Uphold is the right crypto exchange for you.

Disclaimer: Investing in cryptocurrencies carries significant risk. Values are highly volatile. Never invest more than you can afford to lose. This site does not provide financial advice. Act based on your own research and consult with a financial professional before making decisions. Don’t invest unless you’re prepared to lose all the money you invest.

Key Takeaways

Pros and Cons of Uphold Exchange

pros and cons of uphold

Pros

  • Large selection of crypto assets
  • Cross-asset trading
  • Unique “Anything-to-Anything” feature
  • User-friendly and easy to set up
  • Fee transparency
    Staking feature up to 16% (varies by asset)
  • Uphold Affiliate Program
  • 0% commission on trades

Cons

  • Limited number of cryptocurrencies compared to other leading exchanges
  • High fees, especially for lower-volume cryptos and at times when markets are volatile
  • No volume discount for larger purchases
  • Costly spread fees, especially for low-liquidity cryptocurrencies
  • Equity trading is not available in all countries
  • Account hacks have been reported

Brief Overview of Uphold Crypto Exchange

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Uphold is a multi-asset digital money platform that offers financial services to a global market. It is a cloud-based platform that allows you to buy, sell, or trade various assets. It includes cryptocurrencies, precious metals, fiat currencies, and US equities. Below are some services and products offered by Uphold:

Services

Uphold offers cross-asset trading. You can trade between any of the assets it offers, including cryptocurrencies, precious metals, fiat currencies, and US equities.

The exchange serves 180+ countries, and investors have access to 200+ currencies (fiat and crypto) and commodities. There is frictionless foreign exchange and cross-border remittance for members around the world.

Uphold is a multi-asset exchange, not just a digital wallet. This allows users to make trades, exchanges, and transfers across multiple asset classes.

Uphold allows you to buy stocks worth as little as $1 and even receive partial dividends .

Products

Below is a brief overview of some of the products that Uphold offers.

  • Cryptocurrencies: Uphold supports 250+ cryptocurrencies and stablecoins, including Bitcoin, XRP, Ethereum and altcoins.
  • Precious metals: You can trade precious metals such as gold, silver, and platinum.
  • Fiat currencies: If you prefer fiat currencies, there are over 35 national currencies, including USD, EUR, and GBP.
  • US equities: Uphold offers US equities, including Apple, Amazon, and Tesla.

Uphold exchange is a well-designed trading platform and among the best ways to buy crypto. It has a large number of assets, useful features, and educational content. It is a good choice for crypto investors who want access to a large variety of tradable coins and tokens.

However, there have been complaints about crypto security. Its fees can also be high, especially for lower-volume cryptos and at times when markets are volatile.

Uphold Background

Uphold is a multi-asset digital money platform that offers financial services to a global market. Here is some background information about the trading site.

The exchange was launched in 2013 and the key founders are Halsey Minor and J.P. Thieriot.

Uphold is available to users across 150+ countries. The site supports 250+ currencies and commodities with frictionless foreign exchange and cross-border remittance for members globally. Since its launch in 2015, Uphold has powered more than $4 billion in transactions. It has over 30 million users.

Uphold has also partnered with several companies. These include Bitwage , a payroll and HR services company. Another company is Brave Software, a privacy-focused web browser. Today, Uphold is recognized for its innovative approach to financial services.

Uphold Key Services and Features

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Uphold is a multi-asset digital money platform that offers financial services to a global market. In this section, we’ll discuss the services and products that this exchange offers.

Layout and ease of use

Uphold has a user-friendly interface that is easy to navigate. The platform is available on the web, iOS, and Android. So, you can trade anywhere, anytime. The platform is among the safest crypto exchanges.

The exchange is registered with FinCEN (US), FCA (UK), and FCIS (Lithuania). Uphold publishes all assets and liabilities in real-time and adheres to high-security standards. The platform is fully reserved. This means that it does not loan out users’ money.

Available trading pairs

Uphold offers cross-asset trading. You can trade between any of the assets it offers, including cryptos, precious metals, fiat currencies, and US equities.

The exchange offers 250+ cryptocurrencies and stablecoins, including Bitcoin, XRP, and Ethereum. It also offers over 30 national currencies, including USD, EUR, and GBP, and multiple precious metals. Additionally, investors have access to up to 40 equities.

Order types available

Uphold has several types of orders. You can choose between market orders, limit orders, and stop orders. Market orders are executed immediately at the current market price. Limit orders allow you to set a specific price at which you want to buy or sell an asset. Stop orders allow you to set a specific price at which you want to sell an asset if the price falls below a certain level.

DeFi Wallet Features

Uphold offers a DeFi wallet that allows you to earn interest on your crypto holdings. The DeFi wallet is integrated with Compound, a decentralized lending platform. You can earn interest on your cryptocurrency holdings by lending them out on the Compound platform.

The interest rate varies depending on the cryptocurrency and the market conditions. The staking period is flexible, and you can withdraw your funds at any time. Better yet, there are no limitations on the amount of cryptocurrency that you can stake. Check the official website for the latest info on APR & APY.

Supported Wallets

Uphold is a versatile platform. It allows you to connect your account with various types of wallets. Whether you prefer a hardware wallet for maximum security or a mobile wallet for convenience, it has you covered.

Some of the popular hardware wallets that you can choose from include Ledger and Trezor. You will also find mobile wallets like Trust Wallet and Coinbase Wallet.

Although Uphold does not offer its own wallet, it provides seamless integration with trusted third-party wallets. This means you have the flexibility to choose the wallet that suits you best while still enjoying Uphold’s services.

Supported Coins

If you are looking for a crypto exchange with an extensive selection of cryptos, then Uphold is a top recommendation. This site supports both major and minor digital coins. It is a fantastic platform for both beginners and experienced crypto enthusiasts.

Some of the popular choices that you can explore include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Beyond the mainstream, you can also trade less-known gems like Basic Attention Token (BAT), Dash (DASH), and Stellar (XLM).

An overview of Uphold user profiles

Understanding the community aspect of crypto is crucial for your journey. Let’s take a look at how Uphold helps you connect with other users.

Uphold provides a user-friendly interface that allows you to connect with other investors. You can interact with fellow crypto enthusiasts, share insights, and even seek advice on your investment strategies.

User profiles on Uphold are straightforward and informative. You can see a user’s portfolio, recent transactions, and their history on the platform. This transparency fosters a sense of trust and community within the Uphold ecosystem.

Does Uphold support NFT?

NFTs, or Non-Fungible Tokens are also part of the crypto industry. If you’re interested in the world of digital art and collectibles, Uphold has something special for you.

This platform understands the growing interest in NFTs and has integrated support for them. You can buy, sell, and even mint your NFTs directly on the platform. This exchange makes it easy for you to explore this exciting digital art world.

How to trade NFT on Uphold

Trading NFTs on Uphold is as simple as trading digital currencies. You can browse through the available NFTs, make your selections, and easily complete the transaction. If you’re feeling creative and want to mint your NFTs, Uphold provides tools and resources to make the process smooth and enjoyable.

Uphold’s NFT support extends beyond just buying and selling. It often collaborates with artists and creators, offering exclusive NFT drops and events. This means you can get your hands on unique digital collectibles and be part of a vibrant NFT community.

Uphold User Experience

When you’re just starting with crypto, the last thing you want is a complicated platform. Thankfully, Uphold exchange features a simple interface.

How to Register at Uphold Exchange

Is the registration process straightforward? Yes, it is. Here are the steps to follow to set up an account at Uphold exchange:

Step 1: Fill in the registration form

Go to the Uphold website or app and click on the “Sign up” button. Fill in your personal details, including your name, email, date of birth, and mobile phone number.

Your phone number is used for two-factor authentication, which helps to keep your account secure. You will receive a text message with a code to the phone number you submit. You will need to enter the code to complete your registration.

Step 2: Verifying your identity

After registering your account, you will need to verify your identity with Uphold. This involves providing additional personal information and documentation, such as a government-issued ID or passport. Uphold uses this information to comply with regulatory requirements and prevent fraud.

Step 3: Organize your dashboard

Once your account is set up and verified, you can start organizing your dashboard. This involves setting up your preferred payment methods and funding your account. You can also begin choosing the assets you want to trade.

Educational resources available

Uphold exchange cares about your success in the crypto world. It offers a treasure trove of educational resources. You’ll find a wealth of knowledge right at your fingertips.

These resources aren’t just for experts. They’re designed with beginners like you in mind. You’ll learn about the basics of cryptocurrency, trading strategies, and how to make the most of Uphold’s features.

By having these resources available, the exchange makes sure you’re well-prepared to navigate the crypto landscape confidently.

Safety and Security

Security is a top priority for Uphold. The exchange has implemented several measures to protect your funds and data. Some key security features include:

Security is built into Uphold’s systems and culture. It has stringent security standards across the platform.

Uphold deploys layered defenses to limit the scope and depth of potential attacks, as well as sophisticated encryption.

Security professionals routinely conduct security audits and penetration testing of Uphold’s systems.

All Uphold providers undergo appropriate due diligence checks. Special attention is given to integrations incorporating sensitive data.

The Uphold team is background-checked by an accredited vendor. Also, mandatory security and privacy training is provided.

Uphold has a strong security track record. Its users are content with the security of the service. There have been no reported security breaches to date. The exchange is also compliant with KYC/AML requirements. It has obtained licenses and certifications, including a Money Services Business (MSB) license in the United States.

Uphold Trading Fees

Type of Asset Fees
Stablecoins and major market FX 0.25%
BTC, ETH 1.4% – 1.6%
Altcoins 1.9% – 2.5%
Precious Metals 1.9% – 2.5%

The Usual Fees

One of the first things you’ll appreciate about Uphold is its transparent fee structure. Unlike some platforms that hide fees in the fine print, this exchange lays it all out for you.

So, what fees should you expect?

Transaction fees

Uphold offers a variety of deposit and withdrawal options. The charges can vary depending on your chosen method. The good news is that they strive to keep these fees competitive. So you won’t break the bank when moving your funds.

Trading fees

When you buy or sell cryptocurrencies on Uphold, you’ll encounter trading fees. These fees are typically a small percentage of your transaction. They are in line with industry standards. Remember, Uphold wants you to succeed, so it’s not out to squeeze every penny from you.

Conversion fees

If you’re converting one cryptocurrency to another, Uphold charges a conversion fee. Again, these fees are reasonable. They are designed to provide you with a seamless conversion experience.

This exchange cares about its users. It doesn’t want you to be hit with unexpected fees. That’s why it has no inactivity fees. You won’t be penalized for taking a break from crypto trading.

In summary, Uphold’s fee structure is fair and transparent. Hence, it is a great choice for beginners who want to avoid surprises.

Interest rates and lending

Now, let’s explore interest rates and lending on Uphold. This is where things get exciting because this exchange offers you a way to make your crypto work for you.

What are the interest rates for holding crypto on Uphold?

Uphold offers an innovative feature called “Earn.” It allows you to earn interest on select cryptocurrencies. The interest rates can vary depending on market conditions. But they are often competitive compared to traditional banks. By holding your crypto on Uphold, you can see your assets grow over time.

Lending rates

Uphold also provides a lending platform that allows you to lend your crypto assets to other users in exchange for interest payments. You set the terms, including the interest rate and duration of the loan. This can be a passive income stream, especially if you have crypto you’re not actively trading.

Restricted Countries

Some of the restricted countries include:

  • Anguilla
  • Antarctica
  • Armenia
  • Azerbaijan
  • Barbados
  • Bouvet Island
  • Cambodia
  • Central African Republic
  • Chad
  • Cuba
  • Eritrea
  • Fiji
  • French Southern Territories
  • Guinea
  • Heard and McDonald Islands
  • Iran
  • Lebanon
  • Liberia
  • Mali
  • Mauritius
  • North Korea
  • Palau, Samoa
  • Sudan
  • Syria
  • S. Minor Outlying Islands
  • Vanuatu

Supported Payment Methods and Transaction Charges

Let’s talk about how you can get your money in and out of Uphold. It’s essential to understand the methods available and any associated fees.

Fees for depositing and withdrawing on Uphold

Deposit fees

Uphold offers a variety of deposit options, and the fees can vary depending on your chosen method. The good news is that the exchange has managed to keep these fees as low as possible. Always check the fees associated with your specific deposit method on Uphold’s website to make informed decisions.

Withdrawal fees

Similar to deposit fees, Uphold’s withdrawal fees depend on the method you choose. Again, the exchange aims to keep these fees reasonable and competitive within the industry. You can find detailed information about withdrawal fees on Uphold’s platform.

Currencies for deposit and withdrawal on Uphold

Uphold supports a broad spectrum of over 200 cryptocurrencies. It includes popular ones like BTC, ETH, and XRP, among others. Additionally, you can deal with traditional fiat currencies like USD, EUR, and GBP.

Deposit and Withdrawal Methods

Now, let’s dive into the methods you can use to deposit and withdraw funds on Uphold.

  • Bank transfers: You can link your bank account to Uphold and easily transfer funds. It’s a reliable and straightforward method for most users.
  • Credit and debit cards: Uphold accepts major credit and debit cards. It is incredibly convenient to deposit funds.
  • Cryptocurrency transfers: If you already have crypto assets, you can transfer them to your Uphold wallet. It’s quick and easy.
  • SEPA transfers: If you’re in Europe, SEPA transfers are available for deposits and withdrawals. This option provides a seamless experience for European users.

Customer Support at Uphold

One of the key factors to consider when choosing a crypto platform is the availability and responsiveness of customer support.

Uphold provides reliable customer service, and you can get in touch with one of the agents via several channels.

Uphold offers several customer support channels to help users with their inquiries and issues. These channels include:

  • Support ticket: You can submit a support ticket through the Uphold website or app. This is the recommended method for resolving urgent issues
  • Email: You can also email the agents at [email protected], and they will respond within a few hours
  • Social media: Uphold has an official Twitter account, @AskUphold, where you can send direct messages for assistance.

Customer service user experiences

What are people saying about the platform’s customer support?

Positive experiences

  • Many user reviews have praised Uphold’s customer support team for their responsiveness and helpfulness. They appreciate the platform’s dedication to resolving issues and providing guidance.
  • Crypto traders have noted that Uphold’s support team communicates clearly and professionally. This makes it easy for users to understand and follow their instructions.
  • Some customers have mentioned that customer support not only solves problems but also provides educational resources. It helps users become more proficient in crypto trading.

Negative experiences

  • This exchange aims for prompt responses. But, some users have experienced delays in getting their issues addressed. This can be frustrating, especially during critical moments in crypto trading.
  • A few users have found the verification process cumbersome. They have encountered difficulties during this stage, leading to frustration.
  • Uphold primarily relies on email support. Some users have expressed a desire for more immediate live support options, such as chat or phone support.

Uphold Mobile

uphold homepage mobile

Uphold’s mobile app is a convenient way to manage your portfolio on the go. This mobile app enhances your trading and investing experience thanks to the following features.

  • Multi-asset trading platform: The Uphold mobile app allows you to purchase and sell 260+ cryptos and 30+ national currencies. You can also trade precious metals and more than 50 US stocks (depending on your location).
  • Exclusive limit orders feature: You can place your limit orders with peace of mind with no commitment or blocked funds.
    Automatic trading: You can easily schedule regular transactions to reduce the impact of price volatility.
  • Secure and transparent trading: Uphold is registered with FinCEN, FCA, and FCIS. It publishes all assets and liabilities in real-time. It also adheres to high-security standards.
  • Mobile access: Uphold offers both iOS and Android apps that give you all the benefits of mobile banking and the major payment platforms.

Why Choose Uphold Crypto Exchange

Uphold is a top recommendable crypto trading site if you are looking for a reliable, safe, and reputable exchange. Firstly, Uphold supports over 260 cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. It also supports other asset classes, including precious metals, fiat currencies, and US equities.

In addition, this exchange charges low fees for deposits and withdrawals. The smart routing algorithm sources assets from 26 different exchanges. Therefore, you will find the lowest price for every order you place.

However, keep in mind that the site charges spread fees for cryptocurrency purchases and sales that you make on the platform.

As a beginner, you’ll have a seamless experience since the platform is designed to remain simple but functional. To get started, you only need to sign up and fund your account.

Frequently Asked Questions

When was the Uphold exchange founded?

Uphold was founded in 2013 and launched its platform in 2015. Since then, Uphold has grown to serve users in more than 180 countries.

Is Uphold safe?

Yes. Uphold is registered by established regulators such as FinCEN, FCA, and FCIS. The platform has implemented several safety measures to keep all your data encrypted.

What fees does Uphold exchange charge?

Some of the fees that you should be aware of when using Uphold include transaction charges, currency conversion fees, and trading fees. Fortunately, these fees are considerably low, and the exchange does not charge an inactivity fee. Additionally, there are no hidden charges, which often tend to eat up your investment.

What types of cryptocurrencies are available on Uphold?

Uphold supports over 200 currencies including fiat and cryptocurrencies. You can trade major coins like BTC, ETH, and DOGE and the latest cryptos such as BAT, DASH, and XLM.

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Darko Jacimovic

Darko is an experienced crypto and finance writer who became a passionate crypto enthusiast after a lucky break with BNB. Today, he enjoys lambos and butterflies and follows the market for new ways to diversify his portfolio.
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