Uphold Review 2022

Uphold is a United States exchange that allows for the sales and purchase of cryptocurrencies while lending support to several cryptos. Uphold allows users to change one asset to another and fiat currency quickly. In this Uphold review, we will go beyond the surface and check out what makes the exchange unique and usable for everyday users.


  • User-friendly mobile and website interface
  • There are multiple assets to trade
  • Uphold Inc is global – there is usability in 100+ countries
  • Instant assets and funds transfer
  • Credit card and its multiple cashback


  • User support issues
  • Limitation to currencies supported
  • High spread

Disclosure: As a rule, we review the best cryptocurrency exchanges and brokers. This is not financial advice and does not exclude you from the risk of loss that comes with trading volatile financial instruments like cryptocurrencies.

Quick Takeaways

  • Uphold is available globally and supports 115 cryptocurrencies. Some of its more popular offerings are well-known in the crypto space – Ripple, Ethereum, Bitcoin, etc. However, they may not be the preferred choice for those on the lookout for emerging cryptocurrencies.
  • Uphold doesn’t necessitate the asset to be converted into fiat first. This is partly why the entire exchange process is instant, smooth, and easy.
  • The platform typically doesn’t charge any fee – upfront or withdrawal. They do, however, charge a spread for each transaction.

Getting started with Uphold

Opening an account on Uphold involves a simple three-step process, one of which involves two-factor authentication. The procedure is more or less the same for US and non-US residents, except for China residents, who’ll have to submit a government-issued identification number to complete the registration process.

Here’s a step-by-step overview of the process –

  • Visit Uphold’s official website and click on ‘Get Started’.
  • Next, sign up using your email address or GlobaliD. You’ll also need to state your citizenship and country of residence.
  • Enter/choose the requested details – first and last name, state, territory, or province where you reside, username, and DOB. 
  • A confirmation email will have been sent to your declared email address. Open it and click on ‘Get Started’ to proceed further.
  • Here, enter your phone number that you want to be associated with your Uphold account.
  • Now, download the Authy app on the device of your choice. Enter the same phone number you used before in the Authy app to receive a security code. Enter the code on the sign-up page to complete your registration.

Note – Read through the terms and conditions in detail before you sign up.

How Does Uphold Work?

  • Uphold works like a regular bank. However, instead of just holding national currencies, it also holds cryptocurrencies. It allows users to deposit national currencies and purchase crypto that they can hold, transfer or trade.
  • Since Uphold works in the financial service space, the exchange allows instant swaps and changes between crypto and other assets such as precious metals and stocks – their signature anything-to-anything transfer.
  • Uphold serves as the exchange that helps facilitate transactions and charges a spread on them (the difference between the buying and selling price) to make money.

Who Should Choose Uphold?

Choosing Uphold should be a priority for those new to crypto and looking for a simple, non-complicated way to move funds and trade efficiently. Uphold also holds an allure for users looking at crypto as a way to do remittances and make payments for everyday use. 

Uphold can also be a safe haven for those who are only interested in holding digital assets in cryptocurrencies, precious metals, stocks, and even fiat currencies.

Uphold Features

Here’s a glimpse of a few Uphold features that might appeal to you  –


With this feature, you can invest or trade assets directly, without multiple transfers, using a bank account, credit/debit card, or a cryptocurrency network with 0% commissions. You can also trade between assets of different classes with one step.

Auto-pilot feature 

This feature makes it easy for you to invest in your favorite assets. You can set up recurring transactions to buy Bitcoin, Ethereum, stocks, or any asset of your choice daily, weekly, or monthly.

Uphold Debit Card

Accepted at 50MM merchants and almost all ATMs across the world, the Uphold debit card (physical and virtual) allows you to spend any of your existing assets to make a purchase. You can also earn 1% cashback for every USD-sourced transaction and 2% back of the cryptocurrency used to buy a cryptocurrency.


Uphold’s handy reference guide – Cryptionary – lists a few of the most common terms you may come across as you explore the world of cryptocurrencies.

Uphold Platform and Technology

Uphold works well on both web and mobile platforms. The following features of both platforms stood out for us – 

Desktop/Web Experience

  • Beginner-friendly interface – With simple and clear directions, Uphold offers easy navigability and usage to the newest of users.
  • Easy sign-up – You just need to enter your email address, decide on a password, answer a few personal questions, mostly about your location, and verify your email address. Creating and opening an account is quick, taking as little as 3 minutes.
  • Customizable desktop platform – After you create an account, you’ll have access to your personal tile desktop platform. You can customize this platform as you see fit.

Mobile App Experience

  • Easier management – The mobile application, available on both iOS and Android, makes it easier to manage your portfolio and conduct seamless transactions, especially when you are on the move.
  • Two-click trading – Placing an order on the app is quick like in the desktop version and can be done within 30 seconds. All you need to do is click on the “Transact” tab, select your funding method, and place your transactions.
  • Real-time market data – View updated data of all the assets available on the platform – cryptocurrencies to precious metals. Uphold calculates the price data to the fifth decimal, providing you with the most accurate calculations.


The technology Uphold utilizes for its anything-to-anything asset exchange is remarkable. It is the only exchange that does not force you to rely on USD or USDT before you can swap assets. 

Uphold - Verification Uphold - Verification - 02 Uphold - Verification - 01 Uphold - Sell at your target price Uphold Screen

Is Uphold Safe? 

Relatively, Uphold is safe. As a legal platform in the financial space, Uphold HQ Inc. must report to the IRS on all taxable transactions that happen on its platform. This element of oversight makes the crypto exchange platform safe and secure. 

In addition, Uphold holds more than 98% of its assets in cold storage, that is, on computers that are not connected to the internet. This takes control of assets away from the reach of hackers, even in the event of a security breach. 

Uphold also has a strict KYC rule that sees users submit email addresses and a government-issued ID and a contact number. Uphold accounts can also get under review with a breach of the KYC regulations. 

Cryptocurrencies Available On Uphold

Uphold supports 115 cryptocurrencies. A few of them are –

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Aave (AAVE)
  • Polygon (MATIC)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Dash (DASH)
  • Solana (SOL)
  • Chainlink (LINK)
  • Ripple (XRP)
  • Nano (NANO)
  • Polkadot (DOT)

Depositing And Withdrawing Money

Uphold offers many ways to fund and/or withdraw your assets from their platform. You can view step-by-step instructions on how to fund your account with a credit/debit card or a bank account or using a wire transfer on its official website. Alternatively, you can also view similar directional instructions on how to withdraw funds

These directions are simple to follow and are often accompanied by supporting images or videos. Funding your Uphold account is typically an instant process while withdrawing the money can range from instantaneous to 1-2 business days.

Uphold Fees And Commissions

Uphold does not typically charge fees or commissions; instead, a spread varies depending on the cryptocurrency or fiat currency of choice.  The spread also varies, albeit slight, for US and non-US residents.

It does have a network fee that is charged when you withdraw to external crypto wallets. It may vary depending on network congestion.

Transaction Type

Uphold Fees 


Free, except for debit and credit cards with a 3.99% charge 


Varies between 0.8 to 1.2% on majors. Low volatility coin can be higher

Fiat currencies

0.2% for national currencies

U.S. Equities

1% can be higher during the off-market period

Uphold card 



A charge of $2.99 and $3.99 for crypto and bank withdrawals, respectively. 

Note – Since the spread can vary owing to many factors, we advise checking the rate on your preview page before confirming the transaction to avoid any surprises.

Uphold Bonus and Promotions

Uphold’s Referral Program gives you and your referee* the chance to receive US$20 worth of bitcoin in exchange. This program is available till the end of this month and is subject to terms and conditions.

Uphold has physical and virtual cards that give instant access to your assets and even offer cash-back. You will have to join a waitlist to be able to access the physical card.

Uphold Customer Service

The company has an extensive FAQ on the site; aside from this, there is email support. Uphold users can also get help and walkthroughs on Twitter. There is no live chat or phone support available. Hence, it is no surprise that many users do not find customer support at its best. 

Comparison With Other Exchanges

Here’s how Uphold compares against other exchange platforms -

Uphold vs. Coinbase

  • In terms of fees, Uphold is transparent about its pricing structure and only charges a spread on transactions while Coinbase charges higher fees and is reportedly less transparent.
  • In the availability of cryptocurrencies, Coinbase supports over 170 cryptocurrencies while Uphold offers 115.
  • Uphold has a wider presence across the globe serving over 180 countries while Coinbase serves 100.

Uphold vs. Binance

  • Binance lists over 600 cryptocurrencies, way higher than Uphold. However, the latter switches it up by listing other commodities like precious metals, fiat currencies, etc.
  • Binance is the more economical out of the two when you compare their fees and commissions.
  • Binance serves over 180 countries including the USA. However, it only serves 43 states in the US whereas Uphold is available to users across the nation.

Uphold vs. eToro

  • Uphold emerges as the more affordable of the two when it comes to pricing. eToro, in addition to charging a spread, also charges overnight fees, for CFDs on different assets. For crypto transactions, eToro charges a fixed fee of 1% when you buy and/or sell, excluding the Bid-Ask spread.
  • Uphold’s cryptocurrencies are 115 while eToro has over 60.
  • Uphold serves in over 180 currencies whereas eToro’s reach is more limited. Especially, since it stopped offering its services to users across 170 countries.

Key Details

Min Investment
Trading Fees
Variable spread (0.95%-1.25%)
Conversion Fees
Variable exchange fee (0.65%-3.95%)
Crypto Transfer Fee
Account Type
Individual or Business
Number Of Cryptocurrencies
Crypto-To-Crypto Trading Pairs
Minimum Withdrawal
Bank Transfer US (ACH) (USD) - $5 *Varies per channel and other countries
Withdrawal Fee
Bank Transfer US (ACH) (USD) - $3.99 (flat rate) *Varies per channel and other countries
Withdrawal Limit
Bank Transfer US (ACH) (USD) - $10,000/day *Varies per channel and other countries
Minimum Deposit
Bank Transfer US (ACH) (USD) - $10 *Varies per channel and other countries
Hold On Deposits
4 business days
Deposit Limit
Bank Transfer US (ACH) (USD) - $2500/day *Varies per channel and other countries
Customer Support Options
Website form, email, Twitter account
Support contact
Twitter ID - @UpholdInc
App Store Rating:
Android - 2.8/5 iOS - 3.8/5

Company Information

Previously Named
Founding Year
Founded By
Halsey Minor
Years in Business
6 W 18th Street, 3rd Floor, New York, New York 10011
Serves in
184+ countries

Uphold News & Updates

Stay on top of all things Uphold.

Just In: New Coins Have Been Released

Uphold has recently released two new Tier 4 tokens to buy, hold, sell, and send worldwide. These are HopProtocol (HOP) and Aleph Zero (AZERO). Also, the Luna2 airdrop has already been rolled out to Uphold's users and will continue in service for the eligible ones.

This highly anticipated token has been listed

Uphold has recently listed the OP, Optimism token; it is now available for all its users to trade worldwide. Optimism is a tier 4 asset that allows the users to buy, hold, sell, or send it.

Uphold’s Crypto Collection Hits 150!

The 15 new tokens are tier 3 except for TFUEL, which is tier 4. They are - 

  • Adventure Gold (AGLD)
  • Alpha Venture DAO (ALPHA)
  • Amp (AMP)
  • Band Protocol (BAND)
  • Celer Network (CELR)
  • Coti (COTI)
  • district0x (DNT)
  • Frax Shares (FXS)
  • lluvium (ILV)
  • Immutable X (IMX)
  • Lido DAO (LDO)
  • Livepeer (LPT)
  • Orion Protocol (ORN)
  • Yield Guild Games (YGG) 
  • Theta Fuel (TFUEL)

Author :

Osueke Henry

Osueke Henry is an experienced blockchain writer who creates Industry-leading content that helps founders, investors, startups, crypto, and blockchain enthusiasts connect with their audience and win investment through the written word.

Name Price 24hr Change
BitcoinBitcoin $17143.59 -0.45%
EthereumEthereum $1267.41 -1.15%
BNBBNB $287.58 -0.8%
XRPXRP $0.39 -1.01%
CardanoCardano $0.31 -1.19%

Frequently Asked Questions (FAQs)

Is Uphold A Wallet Or Exchange?

Uphold is both an exchange and a wallet. It is a digital asset channel that allows users to buy, hold and send digital assets. It is not just for cryptocurrencies; several other assets can be added.

Is Uphold A Safe Platform?

You can be sure that Uphold is safe – with the process and the measures put in place to ensure security, you can trust Uphold. The exchange is even encrypted, ensuring that the risk of an external breach is significantly reduced.

Also, Uphold holds more than 98% of its assets in cold storage, that is, on computers that are not connected to the internet. This makes it extremely difficult for hackers to steal the assets of all its users.

How Do You Avoid Uphold Fees?

There is a way to avoid Uphold fees. If you fund your account using crypto or a transfer from another Uphold account, you will not have to pay any fee.

Is Uphold An Exchange Or A Broker?

Uphold is an exchange, not a broker. Exchanges match buyers and sellers while serving as the go-between. Uphold is a well-known cryptocurrency exchange, and it allows transactions to occur by merging buyers with sellers. 

On the other hand, brokers transact directly with their end-users to achieve this. Brokers provide speculative contracts on the prices of these digital assets to make the best prices available for their users.

Does Uphold Offer Crypto Interest Accounts?

Uphold is in partnership with ihaveCred. The partnership means that holders can earn interests between 3-10% per annum on the crypto they leave in their wallets.

Which Is Better: Uphold Or Coinbase?

Both Uphold and Coinbase are among the largest crypto exchange platforms available in the current market. On comparison, you’ll find that they are comparable in terms of security, wallet integration, etc.

In other aspects, however, things are different. You’ll find that Coinbase offers more currencies, a chance to earn free cryptos, and an easier to use interface across their website and mobile application. Uphold, on the other hand, offers better pricing, the chance to trade stocks and precious metals, trade between supported asset classes with no restrictions, and more. 

Bottom line, it’s hard to decide on one as the two platforms appeal to different investors. We suggest taking time to navigate through both and stick to the one that best suits you.

Is Uphold Safe From Hackers?

Since its inception, Uphold has never been hacked. The company has its own Security Operations Center working round the clock to monitor and act on any suspicious activity. 

Uphold also uses a combination of external cyber security firms and professionals to check for any vulnerabilities across the platform. In addition, the security team conducts regular audits to ensure employees are compliant with standard security measures.

In case you fear your Uphold profile has been compromised, you can reach out to Uphold support via email and state the same.

Is Uphold Fdic Insured?

No, Uphold is not FDIC insured. It does, however, offer its own insurance of sorts. 

Since regular USD deposited into the exchange is not insured, you should turn to Uphold’s USD Stable Coin after depositing your money. It is backed in a 1:1 ratio with physical dollars in banks that are FDIC insured. 

It means that for every dollar you spend, there is a US dollar counterpart in the bank backing your digital money.

What Does It Mean When Your Uphold Account Is Under Review?

It means that the Uphold team has blocked your account temporarily to investigate it. It is done to protect your account or others. You can contact their support team for further assistance.

How Long Does Uphold Take To Verify?

Uphold has a verification process in place to secure your account and your funds. It is a simple two-minute process where you have to submit live photos of yourself and government-issued IDs.

Why Does Uphold Need My SSN?

If you’re a U.S. citizen or resident, Uphold is required by law to ask you to hold and add your social security number to your account. The platform cannot issue your 1099 Tax Form, needed for your annual tax filing, without it. 

How Does Uphold Make Money?

While Uphold doesn’t charge deposit fees, withdrawal fees, or trading commission, it charges a spread every time you make a trade. It also has network fees which are charged when you withdraw money to external crypto wallets and vary based on network congestion.

How Much Does Uphold Charge To Sell?

Uphold charges a spread for buying and selling from Individual account owners of the UK and the US. Both the buying and selling spread percentage varies for each asset and ranges from 0.95%-1.25%. 

How To Get Uphold Debit Card?

When you apply for Uphold’s debit card, you get a physical and virtual card. You can spend any of the assets you have on the platform. You can earn 1% cashback for every USD-sourced transaction and 2% back of the cryptocurrency used to buy a cryptocurrency.

You can simply go to Uphold’s website and sign up to join the waitlist for this card.

What do you have to say about Uphold.com

Your Rating
Kindly rate the company (min. rating is 1 star)

By clicking submit, you agree to the Terms and conditions.