Uphold Overview
Uphold is a digital trading platform launched by Halsey Minor in 2013 in New York. The platform quickly became one of the largest global players, with over 10 million users and strong regulatory standings, including in the United States.
In this Uphold review, we will show you everything you need to know, like features, trading options, supported assets, fees, security, customer support, and more.
Uphold Pros & Cons
| ✅ Uphold Pros | ❌ Uphold Cons |
|---|---|
| Available in the US | High trading fees |
| Fully regulated | Poor liquidity |
| Very reliable | Only 250 coins supported |
| Beginner friendly | Lacks advanced features |
| Metals and Forex trading | No futures trading |
Uphold Products & Services
Uphold is one of the oldest crypto exchanges with tons of products and features. Traders can access spot and futures trading for over 250 cryptocurrencies. Aside from cryptos, Uphold offers precious metals and Forex trading pairs.
What makes Uphold stand out most is its regulatory standing. Uphold is regulated in the United States and operates in over 150 different countries.
For passive income, Uphold offers staking products with up to 16% APY on staked cryptos.
If you don’t own cryptos yet, you can easily deposit funds on Uphold using your credit/debit card or bank transfer. Over 40 fiat currencies are supported for instant purchases. For selected currencies such as Euros, users can even deposit fiat using SEPA transfer.
For mobile users, Uphold offers an app. The app is available for Android and iOS phones with a 4.3/5 star rating. After testing over 50 crypto exchange apps, we consider the Uphold app to be perfect for beginners, but it is below average for experienced traders.
Uphold Trading Features
Spot Trading
Uphold offers spot trading for over 250 different coins. The interface is very user-friendly, making Uphold a great choice for beginners who want to get started in the crypt market.
Uphold Fees & Costs
Spot Trading Fees
- Uphold charges 1.4% per transaction for Bitcoin and Ethereum.
- Altcoins and precious metals are priced at 1.9% to 2.5% per transaction.
- Forex and stablecoin transactions have a fee of 0.25%.
Overall, Uphold has some of the highest trading fees in the crypto industry.
Uphold Deposits & Withdrawals
Deposits
Uphold supports multiple networks for free crypto deposits.
For fiat deposits, Uphold supports over 60 fiat currencies, including USD, EUR, GBP RUB, and more, through the following payment methods:
- Credit/Debit card
- Bank transfer
- Sofort
Fiat deposit fees range from 1% to 3% based on your fiat currency and payment method.
Withdrawals
The Uphold crypto withdrawal fees are dynamic and are based on the respective network capacity. Uphold supports multiple networks for crypto withdrawals, including:
- Bitcoin
- ERC20
- MATIC
- Litecoin
- XRP
- SOL
For fiat withdrawals, Uphold supports withdrawals via Bank transfer.
Uphold Customer Support
Uphold only offers email support. The average response time is 24 hours. Overall, the Uphold staff seems to be knowledgeable and helpful. However, we expect 24/7 live chat support in the crypto industry.
Uphold Security
Uphold is regulated and licensed in multiple regions around the world.
- Uphold complies with the laws and regulations of the Department of the Treasury’s Office of Foreign Assets Control.
- In the UK, Uphold is regulated by the FCA.
- In Canada, Uphold is registered with FINTRACT.
- In Europe, Uphold is registered with the Financial Crime Investigation Service under The Ministry of the Interior of the Republic of Lithuania.
Uphold stores’ customer funds in multisig cold storage wallets. While we consider Uphold to be a secure crypto exchange, we advise you to store your cryptos in a personal wallet.
You can also add additional security features to safeguard your account:
- Two-factor authentication
- Email verification
- SMS verification
Uphold Signup & KYC
Uphold requires KYC verification. Without KYC verification, you can not use Uphold. In order to verify your identity, you must submit personal details:
- Personal Details
- Government-issued ID
- Selfie
- Proof of address
Uphold Review Summary
Uphold is one of the oldest and most reliable crypto platforms. The exchange offers over 250 different cryptocurrencies.
Due to high fees and poor liquidity, we can’t recommend day trading on Uphold. However, for beginners, we think Uphold is an excellent choice due to its user-friendliness and high security level.
Overall, we consider Uphold to be a top choice for beginners and passive investors who don’t want to day trade.
FAQ
Is Uphold legit?
Yes, Uphold is a legitimate crypto exchange with over 30 million users.
Does Uphold require KYC?
Yes, Uphold requires KYC verification. Without identification, you can not use Uphold.
Is Uphold available in the US?
Yes, Uphold is available in the United States.
What are Uphold fees?
Uphold fees range from 0.25% to 2.5% based on your chosen asset class. Bitcoin and Ethereum fees are 1.9%
