How to use Uphold

Uphold Review 2023: Features, Fees, Pros & Cons

In our Uphold review for 2022, we’ll be shining a light on a unique investment provider whose generous selection of products and services leaves clients spoilt for choice.

With Uphold’s “Anything to Anything” approach, users can seamlessly trade between different asset classes and financial markets, making investing much more accessible and easier for everyone.

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?

Uphold Tutorial Timeline

  • 00:31 Uphold Review
  • 02:18 How to Sign up to Uphold
  • 02:47 How to Secure Uphold Account
  • 04:44 How to Deposit into Uphold with Bank Transfer
  • 05:44 How to Deposit into Uphold with Debit Card
  • 05:55 How to Buy Crypto on Uphold
  • 06:34 How to Deposit Crypto onto Uphold
  • 07:27 How to Sell Crypto on Uphold
  • 08:16 How to Create Limit Orders on Uphold
  • 09:52 How to Withdraw Crypto from Uphold
  • 11:42 How to Stake Crypto on Uphold
Uphold Wallet Review

What is Uphold?

Uphold is a multi-currency investment provider founded by serial entrepreneur Halsey Minor in 2013. The platform enables businesses and individuals to invest and exchange a wide variety of assets, including cryptocurrencies, national currencies, precious metals and US equities.

Previously known as Bitreserve, its rebrand coincided with the inclusion of cryptocurrency dealing services, which it provides to its global client base. 

Uphold offers commission-free trading on a range of products, with trading pairs available via its app and web platforms. Additionally, account holders can benefit from digital wallets, in which currencies can be easily stored and exchanged. Uphold is a popular choice for those looking to trade online with confidence and security as a well-regulated and robustly safeguarded investment provider.

What is Uphold

Pros & Cons

The list of Uphold’s pros & cons provides important reading for those thinking about signing up. The positive side of the ledger includes the intuitive feel of its web and mobile interfaces, its extensive product choice, as well as its security measures. Negatives include the trading charges incurred and a lack of support options. 

  • Seamless Web & Mobile Apps
  • Strong Security Procedures
  • Good Asset Selection
  • Higher than Average Spreads
  • No Phone Support
  • Withdrawal Fees

Uphold Features

To help clients grow their finances, a wide range of Uphold features are available to account holders. Each of the entries listed below allows users to maximise their customer experience through advanced trading tools or account managing options. 

Uphold Features

Anything to Anything Asset Conversion

One of the primary USPs of Uphold is their ‘anything to anything’ asset conversion offering. This means that you won’t need to execute multiple transfers to invest in cryptocurrencies or fiat currencies.

Depending on your location, you can trade assets directly with a bank account, cryptocurrency network, precious metals, US equities or debit/credit card.

Uphold Mobile App

The Uphold mobile app offers all the company’s web trading platform features, available via iPhone or Android. Make trades, manage your money, and seek customer support from one powerful app.

This app is free to download and provides an all-in-one trading experience to help users trade crypto anywhere, at any time.

Uphold Debit Card

Clients are also eligible to receive an Uphold debit card, enabling smooth transactions using a range of cryptos, metals, and currencies. Its inclusion within the Mastercard® network means it’s accepted at nearly 50 million merchants. Clients can also earn 1% back in USD for every USD-sourced transaction and 2% back in the cryptocurrency used for every crypto purchase.

While currently available in the US, EU users are now able to join a waitlist so they can receive their own card as soon as it becomes available.

Uphold Digital wallets

Like most crypto brokers, there’s the opportunity for clients to store their funds in Uphold’s digital wallets. To help facilitate the sending and receiving of cryptocurrencies, there are a range of coin types to choose from, including Bitcoin, XRP, Ethereum, Litecoin, and Bitcoin Cash. 

Uphold Limit Orders

Uphold limit orders allow users to set a target price for their trades. Users can place up to 50 limit orders with Uphold and are only charged when the trade is executed.

In just a few steps, clients can create a limit order at the price they want their order to complete without having to constantly watch the markets.

Uphold Debit Card

The Uphold debit card is a physical chip and pin card that you can use to make purchases and choose to pay with your crypto, commodities, or cash. 

With the Uphold Debit card, you earn 1% Cashback on every USD-sourced transaction and 2% back in the cryptocurrency you used. It gives users the ability to spend Bitcoin and earn Bitcoin.

Because it’s a Mastercard®, the Uphold Debit 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.

Uphold Crypto Staking

For those averse to letting their unused funds gather dust in a digital wallet, Uphold staking allows users the chance to put their money to work and earn some interest. Staking your crypto with Uphold can earn you some generous rewards with high-interest rates available for a range of crypto coins, including Kava, Kasuma, and Ethereum. Just be careful about the risks involved!

How to stake on Uphold

Which Cryptos can I stake on Uphold?

We have listed the current rates for staking on Uphold below. However, please be aware that these rates will vary depending on when you are reading this Uphold review.

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

Uphold Supported Assets

A diverse range of Uphold-supported assets is included in its product selection, allowing easy access to some of the most popular global market instruments. Each charge zero commission, although (as you’ll soon find out), charges will be primarily levied through the spread, i.e., the difference between the buy and sell prices.

It’s important to note that the available assets will vary depending on your location, so your options might look a little bit different to the entries included below. 

Precious Metals

With Uphold Metals, investors can buy and sell precious metals such as gold, silver, platinum, and palladium. Hedge your investments with one of many safe-haven assets, with instant liquidity into 27 national currencies and zero custody costs.

U.S Equities

Enjoy fractional ownership over some of the most popular equities through the impressive Uphold stocks selection. Invest with as little as $1 in companies including Tesla, Apple, and Google.

This is a great way to buy into global equities by offering bank connectivity in 36 countries, seamless debit/credit card payments, and integration with seven blockchain networks. 

Environmental Assets

Help do your bit to combat climate change by investing in Uphold environmental assets. These groundbreaking investing products are minted on the Ethereum blockchain and help encourage efforts to support environmental projects such as rainforest protection. The two assets on offer include the world’s first tradable carbon credit token – UPCO2 and the cleanest form of Bitcoin – Bitcoin Zero.


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

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

Uphold Crypto

Uphold Fees

Uphold offers commission-free pricing and boasts 0% trading and deposit 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, and the prices are all-inclusive.

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.

These spreads vary between currencies and locations, so we’ve shortlisted a few popular assets to help give an indication of the company’s charges.

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

AssetBuy Spread Sell Spread

Uphold Withdrawal Fees

Withdrawing from Uphold is free for more asset types. However, there will be withdrawal fees when withdrawing cryptocurrencies which are on crypto by crypto basis. For example, with Bitcoin, the withdrawal fee is 0.0003 BTC, and ERC20 tokens are based on the dynamic network fee, which varies. However, these are presented to the user before they withdraw.

There will also be minimum and maximum amounts when it comes to withdrawing assets from the platform. For a full list of fees and limits, take a look at their withdrawal costs and limits.

Uphold Security 

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

Uphold is well regarded throughout the industry for its cutting-edge security measures. Its users can expect high-level safeguards of data, privacy, and funds, guaranteed through the following safety features:

Is Uphold Safe

KYC Verification

Before registering with Uphold, users are required to submit verification documents, including proofs of identity and address. This deters client malpractice while ensuring the safety of successfully validated clients. 

Two-Factor Authentication

Uphold accounts utilise two-factor authentication, providing an extra login security layer. This can be toggled on/off depending on your preferences.

Cold Storage Wallets

One of the most secure ways to store your crypto is offline. Uphold offers a multi-signature cold wallet storage system to keep funds safe from malicious activity. 

Bug Bounty Program

Uphold utilises a bug detection program through Intigriti, a third-party security company. With this program, users can report bugs that they’ve encountered when using Uphold.

Rigorous Staff Background Checks

Uphold staff members are also required to undergo background checks and participate in routine privacy training to help promote platform security.

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 their funds are safe anywhere.

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

Uphold State of the art security

Uphold Regulations & Licenses

So what licenses do Uphold currently own? Quite a few, as it happens. At the time of writing, the Uphold is regulated by;

The U.S. Department of the Treasury and the U.S. Treasury Department for Financial Crimes.

Uphold is partnered with the Authorized Payments Institute for its Europe-wide business operation, which reports to the U.S. Financial Regulatory Authority.

Additionally, Uphold has received authorisation from the UK Financial Conduct Authority (FCA) to operate as a registered crypto-asset firm in the UK.

Uphold Support

Uphold offers customer support through email and live chat. While lacking a direct telephone line, online users report quick response times through the available channels. Additionally, the company offer a comprehensive list of FAQs which, more often than not, will provide the answer you’re looking for. 

How to Contact Uphold

You can contact Uphold using email or live chat. Its website provides a long list of email addresses you can get in touch with so that your message can be sent to relevant stakeholders.

These are included below:

You can access the support channel via the Uphold mobile app to speak to the team on live chat.

What Countries does Uphold Support?

Uphold supports a long list of countries and regions, including the UK, EU, US and Latin America. However, users may find that not all the features are available depending on their location.

There are also some locations that Uphold does not support. For a full list of unsupported jurisdictions, check out their list here.

Uphold Sign-up

Although Uphold’s registration process contains KYC verification measures, users should encounter no problems at all getting onboarded.

  1. You’ll be taken through a straightforward process involving just a few required fields by clicking “Sign up” via the Uphold website’s header.
  2. Next, you’ll be asked to submit your proof of identity and address as part of the verification requirements.
  3. Once validated, you’ll be free to begin trading from your newly created account.   
How to sign up to Uphold

Uphold Alternatives

In order to determine whether the company provide good value against its competitors, it’s important to compare them to some of the Uphold alternatives on the market. Each of the following companies has been selected according to the similarity of their business model and the scale of their operations.

PlatformFeesTradeable CryptosTrustpilot
Binance0.1% Spot-Trading, 4.5% for Debit Cards600+2/5
BlockFiUp to 1% Spread Per Trade40+3.5/5
Crypto.com0.04% to 0.4% Maker & 0.1% to 0.4% Taker250+2.1/5
Uphold Commissions Free & Variable Spreads90+2/5

Uphold vs BlockFi 

Uphold vs Blockfi presents an interesting choice for users looking to invest with a cryptocurrency broker. Both offer contrasting approaches to investment fees, the number of cryptocurrencies supported, and the products offered.

Each option is suitable for beginners, with a robust range of security measures provided. Although we appreciate the less expensive BlockFi exchange, investors are limited to just over 40 cryptos. In contrast, Uphold offers 90+, which is a good starting point for any investor looking to diversify their holdings.

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 ten times the amount of trading pairs to its competitors.

Our Verdict: Should you use Uphold?

Uphold offers a fantastic user experience for individuals and businesses alike. Its generous range of products and services creates excellent trading and crypto storage solutions, albeit at a higher cost than some of its competitors.

Its focus on making cryptocurrency dealing as accessible as possible, alongside the stringent security measures provided, establish Uphold as one of the most suitable for beginner investors. However, those looking for better value for money might be tempted to opt for one of the lower-cost providers on the market.

We hope you found this Uphold review useful. If you have already tried Uphold wallet, let us know what you think in the comments below or click here to start using Uphold Wallet for yourself.

Uphold FAQs

What deposit options do Uphold accept?

Uphold accept a wide range of deposit options, including credit/debit card, bank transfer, and private crypto wallet. 

Where is Uphold located?

Uphold is located in New York, New York, United States.

What is Uphold used for?

Uphold provide an extensive suite of services for individuals and businesses, including currency speculation, exchange, and storage. 

Is Uphold legit?

As a fully licensed crypto dealer, Uphold’s services come with extensive safety protocols, from advanced fund protection measures to account security. With a strong reputation for financial excellence accrued over a 10-year period, the company are universally recognised as a safe and secure brokerage. 

Do I have access to my Private Keys?

Similar to other exchanges, such as Coinbase or Binance, you are entrusting a third-party (Uphold) with your private keys. Therefore, we’d recommend storing your Bitcoin for the long term in a hardware wallet, such as Ledger Nano X, Nano S or Trezor. Gives you more control over your funds with access to your private keys.

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 crypto assets can go up or down, and there can be a substantial risk that you lose all your money buying, selling, holding or investing in crypto assets. Your crypto assets are not subject to protection. You should carefully consider whether trading or holding crypto assets 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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