Uphold Review 2023

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Are you looking for a reliable and user-friendly cryptocurrency platform in 2023? Look no further than Uphold. One important fact to know about Uphold is that it offers a wide range of cryptocurrencies, foreign currencies, and even precious metals for trading. In this article, we will explore the features, fees, and advantages of using Uphold as your go-to crypto exchange. Get ready to discover how Uphold can simplify your crypto journey!

Key Takeaways

  • Uphold is a reliable and user-friendly cryptocurrency platform that offers a wide range of cryptocurrencies, foreign currencies, and precious metals for trading.
  • The platform prioritizes security by using strong encryption, two – factor authentication, and strict measures against attacks to keep users’ funds safe.
  • Uphold provides a unique Mastercard debit card that allows users to spend their cryptocurrencies on everyday purchases while earning cash back rewards in the form of cryptocurrencies.

What is Uphold?

Uphold is a tool for trade. You can buy, sell, or swap many things here. It lets you deal with cryptocurrencies and other assets. The company that runs Uphold is in the United States.

It shows all deals and holdings as they happen to keep things clear and safe. They do not use user funds in any way.

How Does Uphold Work?

Uphold is a place to trade many things. You move money to your Uphold account from your bank or credit card. Then, you can buy and sell different things like cryptocurrencies and other assets.

Everything happens on the Uphold app or website. The fees are clear, and it’s safe to take out your money when you’re done.

Uphold Features

Uphold offers a range of features that make it stand out in the crypto exchange world. From its top-notch security measures to the convenience of its debit card, Uphold has it all.

Read on to learn more about what makes Uphold one of the best choices for crypto traders and enthusiasts.

Uphold Security

Uphold puts your safety first. They guard your money and data with strong encryption. The platform has many defenses against attacks. Uphold staff have passed hard checks and use two-factor authentication for added security.

They work hard to keep the chance of attacks very low. The crypto exchange makes sure to keep its users and their cash safe at all times.

Uphold Card

You can use the Uphold Card both online and at physical stores. It works with Apple Pay and Google Pay too. This card lets you spend your crypto on everyday things. There is a one-time fee of $9.95 for the card and each cash out costs $2.50.

The most money you can take out in a day is $1,500, but only up to $500 per time. An extra perk is that when using this card, you get cash back rewards as cryptocurrencies.

Uphold Fees

Uphold charges fees for using their platform. One type of fee is called a spread fee, which is charged on every cryptocurrency trade you make. The amount of the spread fee varies depending on the specific cryptocurrency you are buying or selling.

It can range from 0.2% to 3% of the transaction amount.

In addition to the spread fee, there is also a transaction fee for any transactions below $100 in value. This fee is set at $0.99 per transaction.

If you choose to deposit funds into your Uphold account using a credit or debit card, there is a 3.99% fee per deposit.

It’s important to be aware of these fees when using Uphold so that you can factor them into your trading decisions and budget accordingly.

Using Uphold

To trade on Uphold, simply create an account and deposit funds into your Uphold wallet. Once your account is funded, you can easily buy and sell cryptocurrencies, as well as trade them for fiat currencies or other digital assets.

Uphold also offers a user-friendly mobile app, allowing you to manage your trades and access your wallet on the go. If you have any questions or need assistance, Uphold provides excellent customer support to help guide you through the process.

How to Trade on Uphold

To trade on Uphold, follow these simple steps:

  1. Sign up for an account on Uphold’s website or mobile app.
  2. Complete the verification process by providing the required personal information.
  3. Deposit funds into your Uphold account using various payment methods, such as bank transfer or cryptocurrency deposit.
  4. Choose the cryptocurrency or fiat currency you want to trade.
  5. Select the trading pair you wish to trade, such as BTC/USD or ETH/EUR.
  6. Specify the amount you want to buy or sell and review the transaction details.
  7. Confirm the trade and wait for it to be executed.
  8. Monitor your trades in your Uphold account dashboard.
  9. If you want to sell your crypto assets, you can withdraw funds from your Uphold account to your bank account or another digital wallet.
  10. Take advantage of Uphold’s unique features, like its ‘Anything-to-Anything’ trading feature, to easily convert between different assets.

Uphold Customer Support

Uphold has a Help Center where you can search for information on different topics. However, they do not offer live chat or phone-based customer support. So if you have any questions or issues, you will need to rely on the resources available in the Help Center.

This is an important point to consider when using Uphold as your crypto exchange platform.

Using the Uphold App

The Uphold app is easy to use and offers a range of features for crypto traders. Here’s how you can use the Uphold app:

  • Download the app from your smartphone’s app store.
  • Create an account on Uphold by providing your personal information and verifying your identity.
  • Once your account is set up, you can start using the app to trade cryptocurrencies and other assets.
  • Use the app to buy and sell cryptocurrencies like Bitcoin, Ethereum, and more. You can also trade precious metals like gold and silver.
  • The Uphold app allows you to link your bank account or credit card for easy deposits and withdrawals.
  • You can also use the Uphold app as a crypto wallet to store your digital assets securely.
  • The app provides real-time market data and charts to help you make informed trading decisions.
  • If you need any assistance while using the Uphold app, their customer support team is available to help you.

Uphold vs Other Crypto Exchanges

Uphold stands out from other crypto exchanges, such as Coinbase, due to its unique features like the Uphold Card and its focus on providing a variety of options for trading and investing in cryptocurrencies.

Unlike other crypto debit cards, Uphold offers a Mastercard Crypto Rewards Debit Card that allows users to earn rewards in cryptocurrency for everyday purchases. Additionally, Uphold provides a seamless user experience with its easy-to-use interface and efficient customer support.

Uphold vs Coinbase

As both Uphold and Coinbase are renowned cryptocurrency exchanges, it’s important to delve into their differences before deciding which one suits your specific needs best.

Minimum FundingUphold has a minimum funding requirement of $10.Coinbase allows users to start trading with just $2 worth of their local currency.
Currencies SupportedUphold supports over 250 currencies.Coinbase supports less currencies than Uphold.
TradingUphold allows for commission-free trading between asset classes.Coinbase users can take advantage of Coinbase Pro, a more advanced trading platform.
FeesUphold is slightly cheaper than Coinbase in terms of fees on average.Coinbase generally has higher fees compared to Uphold.
InsuranceUphold is not FDIC insured.Coinbase is FDIC insured.

Depending on your priorities—whether it’s a broad range of currencies, lower fees, or advanced trading options—either Uphold or Coinbase could potentially be a good fit for your cryptocurrency exchange needs.

Uphold vs Other Crypto Debit Cards

Uphold offers a unique product in the form of a multi-asset Mastercard debit card, which is distinct from offerings by other companies, such as Coinbase’s Visa debit card.

UpholdOther Crypto Debit Cards
Card ProviderMastercardVaries (e.g., Visa for Coinbase)
AvailabilityOnly in the U.K.Varies by provider and location
Unique FeaturesMulti-asset card, supports over 250 currencies, commission-free trading between asset classesEach card has its unique features (e.g., Coinbase combines a crypto exchange, forex trading app, and an online brokerage)
FeesNo charges for deposits, withdrawals, or trading commissions, except for spread feesVaries by provider, some charge trading and withdrawal fees (e.g., Coinbase)
Staking RewardsAllows users to stake eligible cryptocurrencies for rewardsSome providers allow staking of eligible cryptocurrencies for rewards

Other crypto debit cards may vary in terms of their providers, availability, unique features, fees, and staking rewards. While Uphold shines in its extensive support for multiple currencies and absence of most fees, other cards may offer different advantages based on their specific features and offerings.

Regulation and Compliance

Is Uphold Regulated? Uphold is a regulated cryptocurrency exchange platform that ensures compliance with legal requirements and regulations.

Is Uphold Regulated?

Uphold is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Crimes Enforcement Network (FinCEN) in the United States. It is also registered with FINTRAC in Canada.

Uphold takes pride in following all regulations and providing a secure environment for its users. While it is not specifically regulated for crypto trading in the UK, Uphold is registered with the FCA as a crypto asset firm, demonstrating its commitment to security and transparency.

Uphold’s regulatory compliance ensures that users can trust their platform for trading cryptocurrencies.

Uphold Platform Availability

Uphold is available in 184+ countries, making it widely accessible to users around the world. Whether you’re in Europe, Asia, or anywhere else Uphold supports, you can easily create an account and start using their platform.

This means that you can buy, sell, and store cryptocurrencies from almost anywhere. No matter where you are located, Uphold has got you covered when it comes to accessing their services and managing your digital assets.

Pros and Cons of Uphold

Advantages of Uphold

Uphold has many advantages that make it a great choice for crypto traders:

  1. User-friendly interface: Uphold has an easy-to-use interface on both desktop and mobile apps, making it accessible to users of all experience levels.
  2. Wide selection of assets: Uphold offers a variety of crypto assets, precious metals, and currencies for trading, giving users plenty of options to choose from.
  3. Fee transparency: Uphold removes commissions and fees for deposits, withdrawals, and trading, allowing users to trade more efficiently without worrying about hidden costs.
  4. Staking feature: Uphold has a staking feature that allows users to earn up to 25% on their holdings, providing an opportunity for passive income.
  5. Secure platform: Uphold is a secure cloud-based financial service platform that prioritizes the safety of its users’ transactions and personal information.
  6. Cross-asset transactions: Uphold enables individuals to securely transact across various asset classes, including cryptocurrencies, precious metals, and fiat currencies.

Disadvantages of Uphold

Uphold has a few disadvantages that you should be aware of:

  1. Uphold has high fees for trading and using their services compared to other crypto exchanges.
  2. Uphold offers a limited selection of cryptocurrencies and precious metals for trading, which may not meet all investors’ needs.
  3. Uphold lacks some advanced trading tools and features that are available on other platforms.
  4. While Uphold aims to reduce transaction costs and fees associated with currency exchange, some users may still find the fees to be higher than expected.
  5. Some experts and crypto traders have criticized Uphold for its limited asset classes and higher fees compared to other leading exchanges.

Cryptocurrencies Available on Uphold

Uphold offers a wide range of cryptocurrencies for users to trade. Some of the popular cryptocurrencies available on Uphold include:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Litecoin (LTC)
  5. Bitcoin Cash (BCH)
  6. Stellar Lumens (XLM)
  7. Dash (DASH)
  8. Zcash (ZEC)


Uphold is a reliable and user-friendly cryptocurrency platform that offers a variety of features for both novice and experienced users. From its secure wallet to commission-free trading, Uphold provides a seamless experience for anyone looking to trade cryptocurrencies, foreign currencies, or even precious metals.

With its wide range of supported assets and intuitive interface, Uphold is definitely worth considering in 2023 and beyond.


What is Uphold exchange?

Uphold exchange is a platform where users can trade national currencies, crypto on Uphold, and other assets.

Is using the Uphold debit card safe?

Yes, using the Uphold debit card is safe as uphold holds high safety standards to protect clients’ funds.

Does Uphold charge any fees for crypto trades?

No, uphold does not charge exchange fees on crypto trades which makes it an attractive option for crypto investments.

Can I contact Uphold if I have issues with my account?

Yes! You can reach out to the support team at uphold HQ Inc or through the uphold mobile app if you face any problems.

Does getting started with uphold require sharing personal information?

Yes, like most cryptocurrency exchange platforms including several within Uphold’s network; one must become verified members of the exchange by providing personal details during sign-up.

Is there a way to purchase Crypto from my mobile via Uphold?

Absolutely! The uphold wallet is available on their mobile app which lets you trade crypto and invest in cryptocurrencies effortlessly.



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About the Author:
Morgan Davis, an expert in digital currency and economic analysis, offers a unique perspective on cryptocurrency within the global financial landscape. With a background in International Economics, Morgan's insights delve into how macroeconomic factors influence the crypto market. Their writing simplifies complex economic and cryptocurrency concepts, making them accessible to a broad audience. Morgan is actively engaged in discussions about the impact of blockchain on finance, and their work empowers readers to understand and navigate the world of digital currencies.