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
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:
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 .
Below is a brief overview of some of the products that Uphold offers.
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 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 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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
When you’re just starting with crypto, the last thing you want is a complicated platform. Thankfully, Uphold exchange features a simple interface.
Is the registration process straightforward? Yes, it is. Here are the steps to follow to set up an account at Uphold exchange:
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.
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.
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.
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.
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.
|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?
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.
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.
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.
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.
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.
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.
Some of the restricted countries include:
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.
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.
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.
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.
Now, let’s dive into the methods you can use to deposit and withdraw funds on 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:
What are people saying about the platform’s customer support?
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.
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.
Uphold was founded in 2013 and launched its platform in 2015. Since then, Uphold has grown to serve users in more than 180 countries.
According to Uphold’s Financial Transparency Report, as of September 24, 2023, Uphold’s transaction volume was $38,149,496,928, with 122,415,240 transactions.
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.
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.
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.