Uphold is a multi-asset trading website where users can trade in cryptos, alts, stablecoins, and metals too. It has offices in the UK and USA and servers for over 10 million users across 150 countries. This trading website supports over 250 cryptocurrencies, including stablecoins, altcoins, majors, and emerging tokens. There are also 37 national currencies, while metals include silver, gold, palladium, and platinum, among others. The FCA and FINCEN license this financial organization for user safety. Let us explore these and other features in detail. Try Uphold Wallet now, or continue below to learn more.
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Background & Overview
Uphold Wallet QR code to scan with phone
Uphold is a trading and currency exchange website where users can trade in various assets, buy and sell both fiat and crypto currencies, and transfer cash to other users on the network. It lists 37 currencies from around the globe and 250 cryptocurrencies, where it provides instant liquidity for 26 of the national ones.
This website is easy to use, and signing up is pretty fast. If you are new to using such tools, it has detailed tutorials, an FAQ, and a customer service team to hold your hand. Additionally, it charges straightforward fees for different services and payment methods, with free transfers to the bank. We also found some bonuses available for specific trading options.
Visit Uphold Wallet now!›› Not a customer yet? Register with Uphold Wallet today, it's quick and simple!Advantages at Uphold Wallet
The Uphold website is easy to use, even for those new to using cryptocurrencies
The DEX accepts over 250 cryptocurrencies for trading and exchange
There are no deposit and withdrawal fees in many regions
You set up your account quickly and enjoy low deposit minimums
Uphold has 2FA, AML, and KYC compliance to ensure customer data and money security
You can trade in precious metals and fiat currencies
Disadvantages
Some regions in the US and Europe cannot use the equity trading feature
There are high spread fees, especially for low-liquidity digital currencies
Uphold Wallet has limited customer service options
This exchange does not give any discounts for large volume purchases
You get limited options in the asset classes
KYC & Registration
The process of registering for an account at Uphold is simple and short. When you visit the page, you just need to click the green sign-up button on the top right-hand side. Then, enter your email address, create a password, and enter your country of residence and citizenship before accepting the terms and conditions.
You can also start the process by scanning the QR or entering your phone number to receive the registration link via SMS. The KYC process involves taking a photo of your identification document, such as your government-issued ID or driving license, and taking a live selfie. Once you are done with the process, you can fund your account and trade in the multiple asset classes that it offers.
Company Account
Uphold has business accounts for organizations that would like to use any of the services on offer. Business accounts enjoy higher transaction limits and can link the account with their bank accounts. Additionally, business account holders have API integration, automated pay-outs in multiple currencies, free fund storage, and built-in fraud and compliance controls.
Organizations use the business account option when signing up for an account. The one who signs up must be authorized to act on behalf of the company and must provide business registration documentation for verification.
Leverage
There are no leverage options that we found on Uphold. Typically, forex leverage involves a product where users can borrow some capital to gain a larger exposure to the market. This way, users can make bigger profits if their trade goes through. The feature is not available on Uphold.
However, you can still trade in margin and access pricing data for various currencies and other trading classes for up to one year. This information is available on the portfolio page.
Costs
▪ Rated at 9/10The costs of transacting with crypto and fiat currencies vary depending on the payment method you pick. Expect to pay one or two of these costs: network fees and a processing fee. Those who use both debit and credit cards, as well as Google and Apple Pay, pay a fee of 2.49% of the amount they transact. However, transactions using bank transfer options are free.
On the other hand, while the website does not charge a fee for crypto transfers, you will be required to pay a network fee depending on the coin you pick. However, this fee is usually less than 1% of the amount you are transacting with.
Uphold also charges you fees for using the buy-and-sell service on its website. This fee varies according to the currency you are buying. Typically, it varies from 0.95% to 1% for the crypto buying spread and from 1% to 1.25% for the sell spread. On the other hand, you get charged 0.05% to 0.2% of the amount transacted for buying and selling fiat currencies. Finally, the platform charges up to 2.95% on top of the asking price for precious metals and 1% for equity trading.
Deposit Methods
▪ Rated at 8/10Below you can see a list of the deposit methods available on Uphold Wallet. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Uphold supports deposits and withdrawals from both fiat and crypto currencies. Users can also transfer cash to other users within the network. However, verification is required before any money transfers are done.
For fiat deposits, the website supports bank transfers via US ACH, US wire, Euro SEPA, and FPS. The ACH accounts support deposits of 10 to 2,500 USD a day, while all other accounts support unlimited deposits. Alternatively, users may deposit via Apple Pay and Google Pay at a maximum of 5,000 USD per week. Debit and credit cards are only available for non-US customers and support up to 5,000 USD a week and 10,000 USD a month.
On the other hand, there are no limits for crypto transfers. You just need to copy the Uphold wallet address and transfer the cash to your account with a few clicks. Transactions on this site are fast, simple, and convenient for customers.
Read more about the deposit methods at Uphold Wallet here.
Platforms
▪ Rated at 10/10 Uphold Wallet QR code to scan with phone
Uphold Wallet has a minimalist, uncluttered website. Once you visit the page, you will find a menu on the left that gives you the main options, like how to get started, a brief overview of the products and services offered by the website, as well as login and signup tabs. Once you get to the main website, you will get links to different pages and links at the top of the homepage.
The platform also has an app for Android and iOS operating systems. We recommend installing one on your device if you are a regular trader. You get access to all features conveniently and on the go.
Automated Trading and Copy Trading
There are no autotrade options here. You have to manually enter the values you wish to trade within the asset class you have picked. From this point, you can set the automatic buy or sell levels for the particular trade. The platform offers you the information you need so that you can make the right exchange or trading decisions.
Languages supported
The following languages are supported on Uphold Wallet:English and Swedish
Broker Support
▪ Rated at 9/10If you face issues while using your Uphold account, you may check if they have been covered in the FAQ sections. The website also has video tutorials to help you navigate various features with ease.
However, if you do not get a solution, you may reach out to customer service via the form on the home page after clicking the link 'email us'. Our team at Cryptolists contacted the team and got a response in about an hour. Uphold also has a presence on LinkedIn, Facebook, YouTube, and Twitter.
Other Names for Uphold Wallet
Uphold Wallet is or has also been known under the following names: Uphold Inc, Uphold Lithuania UAB
FAQ
Where can I register for Uphold Wallet?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
How do I send cash to another user on the Uphold network?
You can send assets or cash to other users on Uphold by just entering their email address in the Anything to Anything section on your portfolio page. Then, enter the asset you wish to send, along with its value. The platform will send the value to the recipient's account instantly.
Why is my account temporarily restricted?
Sometimes Uphold temporarily restricts user accounts when it finds something suspicious to allow its team to investigate it further. It may then unlock the account or ask for additional information regarding the issue at hand. If additional information is required, it will reach out to you via the contact methods you provided.
History of Uphold Wallet
May 2013 - Halsey Minor registers Uphold in the UK. A year later, it gained an operating certificate in the US.
April 2015 - Uphold launches the exchange and trading website in both the UK and the US.
August 2020 - Uphold increases the number of cryptocurrencies available for trading and exchange to 150. It plans to add more as they become available in the crypto world.
May 2024 - Uphold launched a white-label service to enable businesses to offer digital assets and services to their customers. They are able to use Uphold as a service using the available APIs.
Uphold Wallet QR code to scan with phone
Screenshots from Uphold Wallet
Uphold Wallet Review Published: Friday, 6 Dec 2024 9:00 am
Last Updated: Friday, 6 Dec 2024 11:52 am
