Uphold Review 2021

Uphold Review 2022: Features, Fees, Pros & Cons

In this Uphold review for 2022, we take a deep dive into Uphold. We analyze their features, security, fees, pros and cons. We also explain how to buy and trade cryptocurrencies, equities, and precious metals using their popular ‘Anything to Anything’ feature. 

Uphold allows users to trade between crypto, US equities, currencies, and precious metals, with trading fees as low as 0%. Plus with zero fees on deposits and withdrawals, Uphold is fast becoming a popular multi-asset exchange.

So, let’s dive into this Uphold Review, to help you work out whether Uphold is the right platform for you.

Uphold Review: How to Use Uphold?

What is Uphold?

Uphold was launched in 2015, it’s enabled over 2 million members worldwide to buy, sell and hold fiat and digital currencies, as well as precious metals and U.S equities through one easy-to-use interface. 

Unlike competitor platforms, users can trade directly between any supported asset, keeping fees low, and saving you precious time and money. Not only that, but this blockchain-integrated platform makes it possible to send any currency to virtually anyone, securely, anywhere – instantly.

What is Uphold?

Pros & Cons


      Uphold Features

      Trade and Transfer money: Transfer and trade currencies (USD, GBP, EUR, etc.), and 39 supported cryptocurrencies to anyone, and trade in these currencies quickly and easily. 

      Forex: Uphold is also a foreign exchange, with fast and cheap Forex rates on most major currencies (including GBP, EUR and USD). Fees start from 0.2%.

      Blockchain Integration allows users free withdrawals to bank accounts in 36 countries, or with users able to transfer funds to private wallets, or to 5 supported cryptocurrency networks and platforms. All for free!

      Precious Metals

      Uphold allowers users to buy gold, silver, platinum, and palladium with instant liquidity into 27 national currencies and zero custody fees. However, Uphold spread is around 3% on top of the bid/ask prices.

      Buy Precious metals with Uphold

      U.S. Stocks

      Uphold spread on U.S. stocks is around 1% and for trading outside market hours they add an additional spread based on the stock’s volatility.

      Environmental Assets

      Uphold Debit Card

      Uphold also has their very own debit card. With the Uphold debit card, you can choose to pay with crypto, metals, currencies, or whatever you choose. 

      With the card, you can earn 1% Cashback and 2% Crypto back, giving you the ability to spend Bitcoin and earn Bitcoin. Because it’s a Mastercard®, this card is accepted by nearly 50 million merchants and ATMs across the globe. With ZERO foreign transaction fees.

      Uphold Debit Card

      Uphold & Brave Browser

      Uphold has partnered with Brave to give its customers extra rewards. Brave rewards their user’s attention with Basic Attention Tokens (BAT). These can then be used in the Brave eco-system to tip their favourite creators and Publishers. Uphold is the wallet provider for the Brave Publisher platform.

      To access your Brave balances, you first need to verify your identity on Uphold. It’s a pretty simple process and takes just a few minutes to complete on a web or mobile device. Before you start, you will need a valid form of government-issued photo ID. Verification is complete when you take a live selfie with your laptop or phone’s camera.

      Once your account has been registered and verified with Uphold, your basic attention tokens (BAT) will appear in your portfolio. Allowing you to store, trade the tokens into FIAT or withdraw them to the safety of a hardware wallet.


      Depending on your location, Uphold currently supports 130+ digital currencies. These include all the major cryptos such as Bitcoin, and Ethereum, as well as alt-coins and stablecoins.

      For a full list of supported cryptocurrencies and stablecoins in your location, click here.

      Uphold Supported Crypto


      Put your digital assets to work and earn up to 19.5% on your staked crypto.

      Uphold Staking

      Which Cryptos can I stake on Uphold?

      Kava (KAVA) – 19.5% (Estimated APY)
      Kusama (KSM) – 15.3% (Estimated APY)
      Polkadot (DOT) – 10.5% (Estimated APY)
      Cosmos (ATOM) – 10.2% (Estimated APY)
      Solana (SOL) – 5.1% (Estimated APY)
      Ethereum (ETH) – 4.25% (Estimated APY)
      Tezos (XTZ) – 4.25% (Estimated APY)
      Cardano (ADA) – 4% (Estimated APY)
      Terra (LUNA) – 4% (Estimated APY)

      Uphold Fees

      Uphold has moved to commission-free pricing, and is proud to boast 0% trading fees, deposit and withdrawal fees. There are no complicated fee layers to contend with, and unlike on other platforms, the price you see before your trade is the price that you actually pay. Unlike many competitors, they confirm and guarantee the price upfront.

      But although there are no trading fees, Uphold is not a free platform. They will charge a “Spread” every time you convert one currency or asset to another. In the US and Europe, the spread is typically 0.8% to 1.2% on major cryptos such as BTC, ETH and XRP. In some other parts of the world, their spread can even reach 1.8%.

      There are different spreads for different types of commodities, such as 3% for precious metals, 0.2% for FIAT (GBP, EUR and USD), and 1% for U.S Equities. Take a look at Uphold fees here. Now let’s take a look at one of the most important questions: Is Uphold secure?

      Uphold Security 

      Security is an incredibly important consideration when it comes to using any crypto platform and exchange. It starts with understanding whether private keys are locked on the platform, or not, and what that means for users/customers. 

      Uphold Security

      Is Uphold Safe? 

      Similar to other exchanges, such as Coinbase or Binance, you are entrusting a third-party (Uphold) with your private keys. Therefore, I’d recommend storing your Bitcoin for the long term in a hardware wallet, such as Ledger Nano X, Nano S or Trezor. Giving you more control over your funds with access to your private keys. You also have to complete KYC, making it a centralized exchange. 

      How are Funds Protected with Uphold?

      Uphold deploys layers of defences to limit the risk of cyberattacks, including sophisticated encryption. Customers can confirm their reserve holdings and ensure that their funds are kept safe at any time from here.

      They are insured; however, their insurance policy does not cover any losses due to unauthorized access to your Uphold account. Making it the user’s responsibility to use strong passwords and 2-Step Verification (2FA) to access your Uphold account, and to approve any withdrawals from your account.

      Uphold Support

      Similar to other exchanges, Uphold has an FAQ section (albeit brief), information about how to exchange the 40 cryptocurrencies on the platform, and a way to contact Uphold customer support if you need help. On the Home page, they mention they have 2 million customers, with a 4.7 rating on the Apple App store, and 3.9 on Google Play. However, they don’t mention how quickly support tickets are answered, or any Trustpilot ratings

      What Countries does Uphold Support?

      Uphold Sign-up

      Uphold Alternatives

      Uphold vs Coinbase

      Uphold is often compared to exchanges such as Coinbase, or banking services with fee-free money exchanges like Revolut. However, Uphold blows all of these out of the water with more national and digital currencies. As well as metal and 10 times the amount of trading pairs to its competitors.

      Uphold vs Coinbase vs Revolut vs Robinhood
      Coinbase Referral Code

      Our Verdict: Should you use Uphold?

      The only downside to Uphold, is they only support (at present) 40 cryptocurrencies, tokens, and stablecoins. They also support the transfer and exchange of precious metals and other commodities. Uphold appears to be secure, supporting customers well, and a viable alternative to other crypto exchanges on the market. 

      Here are some of our articles you may also find helpful;

      “Uphold Disclaimer: Uphold offers Cryptoasset investing within the EU/UK (by Uphold Europe Limited) USA (by Uphold HQ Inc).  

      Capital at risk. As with any asset, the value of cryptoassets can go up or down and there can be a substantial risk that you lose all your money buying, selling, holding or investing in cryptoassets. Your cryptoassets are not subject to protection. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial condition. Uphold makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about Uphold.“

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      2 Responses

      1. Uphold must own this review company. I actually use it by accident and they will not allow me to reclaim my funds for 65 days. And as of now I can’t find my private keys to link it to another wallet so basically if you want to only be on HomePod without freedom of funds this is for you. It is a wonderful institution for people that like institutions

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