In this comprehensive Uphold review, we’ll explore everything you need to know about using Uphold as a multi-asset trading platform. Whether you’re curious about its security measures, fee structure, or unique features like “Anything-to-Anything” trading, this guide covers it all.
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Key Takeaways
- Multi-Asset Platform: Trade 300+ assets, including cryptocurrencies, fiat currencies, and precious metals.
- Low-Cost Entry: Start with just $1; no deposit/withdrawal fees for most methods.
- Crypto Staking: Earn up to 13% APY on select digital assets.
- Robust Security: SOC 2 and ISO 27001 certifications with FinCEN registration in the U.S.
What Is Uphold?
Uphold is a versatile trading platform supporting cryptocurrencies, fiat currencies, and precious metals. Its standout “Anything-to-Anything” trading feature lets users swap between assets (e.g., BTC to XRP or gold) without converting to fiat first.
Pros
✅ Diverse asset support (crypto, stocks, metals)
✅ Beginner-friendly interface
✅ Free deposits/withdrawals (excluding crypto network fees)
✅ Up to 13% APY on crypto staking
Cons
❌ Higher fees for niche assets (up to 2.95%)
❌ Limited advanced trading tools
❌ 34% fee on staking rewards
Uphold’s Key Features
1. Crypto Trading Platform
- 300+ Assets: Trade major cryptos (BTC, ETH), DeFi tokens (UNI), and meme coins (DOGE).
- Stablecoins & Metals: Includes USDT, USDC, gold, and silver.
- One-Step Trading: Swap assets directly (e.g., BTC → gold).
2. Uphold Vault
- 3-Key Security: User-controlled private key, backup key, and Uphold key for recovery.
- Supports BTC/XRP: $4.99/month or $49.99/year.
3. USD Interest Account
- Earn 4.9% APY on balances over $1,000 (2% under $1,000).
- FDIC-insured up to $2.5 million.
4. OTC Platform (Uphold Ascent)
- For institutional traders; routes orders across 30+ venues to minimize slippage.
5. Debit Card
- Spend crypto/fiat with 2% crypto-back or 1% cash-back.
- No foreign transaction fees.
Uphold Fees & Commissions
Trading Fees
| Asset Type | Fee Range |
|---|---|
| Major Crypto | 1.4%–1.6% |
| Stablecoins/Fiat | ~0.25% |
| Altcoins/Metals | 1.9%–2.95% |
👉 Compare fees with other exchanges
Deposit Fees
- Free: ACH (U.S.), SEPA (Europe), FPS (U.K.).
- 3.99%: Credit/debit cards, Apple/Google Pay.
- $20: Wire transfers under $5,000 (free above).
Withdrawal Fees
- Free: Standard ACH.
- 1.75%: Instant withdrawals.
- Crypto Fees: Network-based (e.g., 0.0001 BTC for Bitcoin).
Is Uphold Safe?
- Certifications: SOC 2, ISO 27001, FinCEN-registered.
- Transparency: Publishes holdings/liabilities every 30 seconds.
- User Protections: 2FA, bug bounty program, and no asset lending.
Uphold vs. Competitors
| Feature | Uphold | Coinbase | Kraken |
|---|---|---|---|
| Assets | 300+ | 240+ | 200+ |
| Trading Fees | 1.4%–2.95% | 0.4%–0.6% | 0.25%–0.4% |
| Staking | Yes (13%) | Yes | Yes |
| Best For | Multi-asset | Beginners | Advanced |
How to Get Started
- Sign Up: Download the app or visit Uphold’s website.
- Complete KYC: Upload ID and selfie.
- Deposit Funds: Use ACH, card, or crypto.
- Trade: Swap assets or stake for rewards.
Final Verdict
Uphold excels with its multi-asset support, ease of use, and strong security. While fees are higher for altcoins, its unique features (e.g., vault, debit card) make it ideal for casual traders and diversified investors.
FAQs
❓ Is Uphold available worldwide?
Yes, in 180+ countries (excludes China, North Korea, and U.S. Virgin Islands).
❓ Are there hidden fees?
No, but spreads apply (1.4%–2.95%). Crypto withdrawals incur network fees.
❓ Does Uphold have a mobile app?
Yes, for iOS and Android with full trading features.
❓ Can U.S. customers use Uphold?
Yes, with ACH transfers and FinCEN compliance.