Pros and cons of one of the best crypto exchange platforms on the market. Trade fiat, cryptocurrencies, precious metals and more. Check out our Uphold review and learn everything Uphold users need to know – including Uphold history, trading fees, supported cryptos, locations where Uphold is available, and many more.
Uphold’s unique ‘Anything-to-Anything’ trading experience enables customers to trade directly between asset classes with embedded payments facilitating a future where everyone has access to financial services.
Uphold created a cloud computing-based financial services platform that allows people to buy and convert any type of currency, including cryptocurrencies, and serves 184+ countries, 80+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world. Since its launch in 2015, it has powered more than 4+ billion USD in transactions. Uphold is a multi-asset digital money platform offering financial services to a global market.
Uphold (previously Bitreserve), was founded by Halsey Minor in 2013. In 2015 the company was renamed and former Nike CIO, Anthony Watson, was appointed CEO. By 2016 Uphold revolutionised its business by introducing Open API, a platform that integrates services for Businesses and can be directly used for payment flow or any other service of the platform.
Built on a core of proprietary technologies and e-money apps, Uphold embraces a future where people and businesses around the world have access to safe, transparent, fair, verifiable, and affordable financial services.
Major features include:
Uphold mobile application was launched in 2018 and is available for iOS and Android. The app makes it easier for users to manage their portfolio and conduct seamless transactions on the move. It allows registered members to earn a return of 2-5% on their digital holdings, as well as access cheap, crypto-secured loans.
Key benefits of the app:
Users with the trading account can buy, sell and trade between more than 30 currencies, deposit and withdraw value to and from an account, and send value to anyone with an email address – all from a smartphone.
Uphold is not a free platform and charges a spread every time users trade crypto asset. The pricing model is all-inclusive – the price displayed before the trade is the one to be paid when the transaction is being conducted. Unlike many platforms, Uphold prices are locked in pre-trade. Uphold doesn’t charge any additional fees between the preview and transact step. Like most trading venues, Uphold displays the current mid-market price on charts; when trading, a user receives the current bid or ask price depending on whether buying or selling. There is always a small difference between the mid-market and the bid/ask prices: it’s how order books on exchanges work. Network Fees – charged when a trader withdraws to external crypto wallets – are passed on at cost and may vary depending on network congestion.
Deposit Fees and Withdrawal Fees
For individual accounts the deposit fees and withdrawal fees are at the level of 0% (the spread is charged).
Convert & Buy
Currencies & Commodities
The company supports 80+ digital currencies, including majors, alt-coins, emerging tokens, and stable coins. In addition, a user can trade in four precious metals (gold, silver, platinum, and palladium) and two carbon credit tokens, Universal Carbon (UPCO2) and Bitcoin Zero (BTC0). It is also possible to purchase fractional equities in about 40 enterprises, like Amazon, Meta, Microsoft, and Apple.
Uphold is available globally – it offers its services in 184+ countries around the world. However, the scope of services differs from country to country, e.g. due to U.S. laws, Uphold cannot provide the services to residents of the following locations*:
For more information please visit the company site.
The platform offers different payment methods for different types of transactions:
Uphold security features are in-line with today’s highly volatile and unpredictable security postures. It keep its customer assets and information with the highest level of security. The mobile app also comprises with the highest security standards, securing users’ wallets with two-factor authentication and location-based security for account login.
Uphold uses State-of-the-art Security features like:
Uphold provides the most diligent user-oriented trading experience, and provides a simple easy to use interface both on desktop platforms and mobile apps, available both on Android and iOS. The user interface is intuitive for those who are new to making trades, which could make it a good option for those just getting started with cryptocurrencies.
The cryptocurrency exchange has dedicated team to provide its users with the best customer experience. On the company’s website, traders can find FAQs (Frequently Asked Questions). This source of information covers most of the topics. However, for users who couldn’t find the answers there (and in our review), there is a customer support that can be reached via email, live-chat and a request submitted on-site.
As a multi-asset digital money platform, Uphold offers financial services to a global market. It is not only a crypto exchange, but it includes more services like trading fiat currencies, precious metals, US stocks, and an Open API interface. The trade possibility is available for both individual users and businesses.
Uphold has a customer education program that can help new customers to familiarize themselves with threats around the cyber world. Because of that it is easier for non-experienced traders to start their adventure with cryptos and other tradable assets.
Uphold is an excellent cryptocurrency exchange. It has a lot of pros – from wide range of assets available on the Uphold platform (not only cryptos and fiats, but also precious metals, equities, etc.), perfect customer service and educational library that helps un-experienced users to enter the crypto market, to the clear fee scheme and real-time transaction transparency.
Uphold Overall Rating is Excellent. However, each exchange review is valued. Hence, please share your experience with Uphold in the User Review section below!
There are plenty of platforms available for traders. For alternatives (and the reviews of them) please visit our crypto exchange reviews page where you can find lots of reviews done by our experts and see our users’ comments.
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