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Uphold Review

By CCH12/01/2022


Uphold is an online financial service platform that allows users to store, transfer and exchange money. In addition, the platform provides access to various currencies, commodities, cryptocurrencies, and other investment options. At its core, Uphold is a mix between a crypto exchange, an online brokerage, and a forex trading app.

Apart from cryptocurrencies, users on Uphold can trade stocks, precious metals, and fiat currencies. Although some of its services are limited in some countries, Uphold’s reputation, transparent fee structure, and 0% trading commissions make it a popular choice for users across the globe.

Uphold also offers banking services such as money transfers, direct deposits, and debit cards. This makes it an excellent platform for those who want to manage their finances on one all-in-one platform. Overall, Uphold is a reliable financial service provider with a proven track record of secure, fast, and affordable transactions.


  • 0% trading commissions on all trades

  • Offers a wide range of cryptocurrencies

  • Comes with a rewards debit card

  • There are no withdrawal or deposit fees

  • Offers FOREX and stocks trading


  • Doesn't offer volume discounts

  • Spreads can be costly for some cryptocurrencies

  • Customer support could be better

Uphold Exchange: The Basics

Here is a TLDR version of the Uphold review if you’re looking to save some time:

  • Uphold is an online financial service platform with support for crypto trading and trading commodities, FOREX, and stocks.
  • Uphold offers banking services such as money transfers, direct deposits, and a reward debit card.
  • The platform has no trading commissions on all trades and comes with a rewards debit card. However, its main downsides are its lack of decent customer support options and relatively high spreads on some cryptocurrencies.

What’s the History of Uphold?

Uphold was founded in 2015 by Halsey Minor, who is a serial entrepreneur and investor. Minor is the former founder of CNET, a technology news website. Uphold was launched to offer an easy way for people to send, receive and store money from anywhere in the world, regardless of their country or currency.

The company has since become one of the leading digital asset trading platforms, supporting over 184 countries and over 200 currencies (fiat and crypto). Over the past several years, Uphold has established itself as one of the top multi-asset digital money platforms offering financial services with a globally recognized presence.

Uphold is headquartered in New York and is regulated by various financial authorities such as FINRA and FCA. The company also complies with the Bank Secrecy Act and anti-money laundering regulations. This ensures that customers’ funds are secure at all times.

The company holds more than $1.5 billion worth of assets and has powered over $4 billion in transactions since its launch.

Uphold has a full-featured app for both iOS and Android

What Are Uphold’s Features?

Uphold allows users to easily send money with its free domestic transfers and supports international payments. In addition, the platform supports over 200 currency pairs and enables users to exchange or convert between different currencies in a matter of minutes.

The platform also offers debit cards allowing customers to access their funds at any merchant that accepts Visa or Mastercard. Uphold also provides an extensive range of cryptocurrencies that users can buy, sell and store on the platform.

Here is a breakdown of Uphold’s top features:

User Interface

Uphold has a quick and easy user interface that lets users quickly buy, sell and store their assets in a matter of minutes. The platform also has an intuitive dashboard with all the essential information laid out on one page. To get your account up and running, you must provide basic information such as your name, email address, and country of residence. The platform also provides a one-step payment processor that speeds up the purchasing of cryptocurrencies without having to manually enter your details.

Rewards Debit Card

Uphold’s rewards debit card is a great way to access your funds quickly at any merchant that accepts Visa or Mastercard. The card has premium features such as unlimited cash withdrawals, free international ATM transactions, and no annual fee. There is a 1% cash back on spending fiat currencies on your account and a 2% cash back while spending crypto.

Low Fees

Uphold offers free domestic transfers, free exchange rates, and no withdrawal or deposit fees for all trades. This makes it one of the most affordable online financial services today. However, there is a caveat, especially for low-liquidity cryptocurrencies, as they come with higher spreads.

Trading Platform

Trading on Uphold is done through a simple and intuitive web platform. The platform is also available on Android and iOS devices allowing users to trade on the go. You can use their trading terminal to trade fiat currencies, precious metals such as silver, platinum and gold, and cryptocurrencies.


Uphold also has an in-built wallet that allows users to store their funds. The wallet supports over 200 currencies, including cryptocurrencies, making it one of the most diverse wallets on the market. You can hold cryptocurrencies such as:

  • Bitcoin
  • Ripple
  • Ethereum
  • Bitcoin Cash
  • Cardano
  • Dash
  • EOS
  • Litecoin
  • Solana

Staking Rewards

Staking is the process through which some cryptocurrencies use to secure their network. Uphold allows its U.S. users to stake a variety of cryptocurrencies such as Tezos, Cosmos, and VeChain. Staking allows users to earn rewards for helping to secure the network. The more coins you stake, the higher your reward will be.

Customer Support

Uphold provides excellent customer support via its website, email, phone and social media channels. The company also has an extensive knowledge base with helpful articles and tutorials on how to use the platform. To reach out to the company for support, you can fill out the contact form on their website or send them an email. However, Uphold doesn’t offer chat features or a phone number. This can be a deal breaker for some users who prefer to reach out to customer support via chat or phone rather than email.

Is Uphold Safe?

It goes without saying that any top exchange platform should consider security a critical feature.

The good news is that Uphold takes security very seriously and offers a range of tools to ensure user safety. For example, they employ various measures such as two-factor authentication, biometric security and encryption. Uphold also performs regular internal and external audits to ensure the safety of user funds.

Furthermore, third-party vendors on Uphold undergo due diligence and background checks to ensure they meet safety standards.

Verdict: Great for Beginners Thanks to Solid UI

Uphold is a trusted platform with an easy-to-use interface and some great features. The platform offers competitive fees, secure transactions and a range of payment methods.

It supports over 200 different currencies, including cryptocurrencies, making it one of the most versatile platforms on the market today. Additionally, users can take advantage of Uphold’s rewards debit card and staking capabilities to earn rewards. However, the platform doesn’t offer the most options when it comes to customer support, so if this is important to you, then Uphold might not be the best option. All in all, Uphold is an excellent platform for those looking to trade cryptocurrencies and fiat currencies securely and conveniently under one roof.

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