Uphold Reviews

Top 10 uphold.com alternatives:

1. Binance: A global cryptocurrency exchange known for its extensive range of supported coins and high liquidity.
2. Coinbase Exchange: A popular platform for buying, selling, and managing digital currencies like Bitcoin, Ethereum, and Litecoin.
3. Kucoin: Offers digital asset transaction and exchange services with a focus on safety and convenience.
4. Bittrex: A U.S. blockchain platform providing real-time trading and industry-leading security.
5. Kraken: The largest Bitcoin exchange in euro volume and liquidity, also trading in multiple fiat currencies.
6. Nicehash: Connects sellers and buyers of computing power, offering a unique approach to cryptocurrency exchanges.
7. eToro: A social trading network with innovative trading and investment tools.
8. Satoshi Tango: Allows users to buy multiple coins and pay utility bills, with a focus on regulatory compliance.
9. Ripio: Offers instant transfers during weekends and supports multiple cryptocurrencies.
10. Gemini: A regulated cryptocurrency exchange known for its security and compliance with U.S. regulations.

Steps to open an account on uphold.com:

1. Visit uphold.com and click on Sign Up.
2. Enter email address, phone number, and personal details.
3. Verify email by clicking the link sent to the provided email address.
4. Create a password for the account.
5. Submit date of birth and mobile phone number for two-factor authentication.
6. Upload a valid government-issued ID for identity verification.
7. Complete the registration process and start trading.

Uphold supports a wide array of cryptocurrencies, providing users with access to over 250 digital currencies. This includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as a variety of altcoins, emerging tokens, and stablecoins. Some notable cryptocurrencies available on the platform are Ripple (XRP), Polkadot (DOT), Cosmos (ATOM), Shiba Inu (SHIB), Aave, and Algorand (ALGO). The platform's extensive list ensures that users have a broad range of investment options to choose from.

When comparing Uphold to other platforms, it stands out for its $0-commission model on cryptocurrency trades, with a nominal $0.99 fee for trades under $500. The platform's spread fees are competitive, ranging from 0.8% to 1.2% for major cryptocurrencies like Bitcoin and Ethereum. However, these fees can be higher for low-liquidity cryptocurrencies and during volatile market conditions. In contrast, some other platforms may offer lower spread fees or volume discounts for larger trades, which Uphold does not provide. It is also noted that Uphold's debit/credit card transaction fee is 2.49%, which is relatively standard in the industry. Overall, Uphold's cost structure is designed to be transparent and inclusive, with no hidden fees at the point of trade confirmation.

Uphold.com offers a unique $0-commission model when buying and selling cryptocurrencies. The only exception is a $0.99 charge for traders under $500. Spreads can rise up to 1.5%. Debit card and credit card transactions will incur a 2.49% fee. Uphold fees depend on where you are in the world, and what payment method you use. In addition to a fee of $0.99 for trades under $500, it charges a spread of up to 1.5%, which varies depending on the liquidity of the asset. You'll be able to preview the spread when you buy or sell an asset. Uphold makes it easy to buy and sell any major digital currency. You can invest, transfer or send/receive over 250 cryptocurrencies, 27 traditional currencies, and 4 precious metals.

Yes, there is a minimum deposit amount on Uphold. The minimum deposit amount is $1. However, it's important to note that the account funding and withdrawal minimums and limits may vary. Please check the Uphold website or app for the most accurate and up-to-date information.

Uphold charges a fee of $0.99 for each transaction under $500. It also charges 3.99% for credit and debit card deposits in the U.S. Withdrawals to external crypto wallets will also have a network fee, but that's charged by the cryptocurrency network, not Uphold. For customers looking to trade Bitcoin (BTC) or Ethereum (ETH), Uphold charges a spread fee of between 0.8% and 1.2% of the market value of a trade. Trades may be previewed and the Uphold platform will display the spread fee it will charge to buy or sell. Please note that fees depend on many factors such as where you reside and the payment method you use. Fees take into account which assets you’re trading, external trading costs, bank and payment processing costs, as well as network fees. During periods of increased volatility, the fees will increase. The price you see before you trade is the price you pay when you trade. Unlike some competitors, there are no hidden fees between ‘Preview Trade’ and ‘Confirm Trade’. Only confirm your trade if you’re happy with the rate you see at ‘Preview Trade’.

Uphold offers a variety of staking options for cryptocurrencies, allowing users to earn rewards by staking their digital assets. Users can stake popular cryptos like Cosmos (ATOM), Kusama (KSM), Polkadot (DOT), Near Protocol (NEAR), and many others. The annual percentage yield (APY) on staked crypto can range from 0.25% to 16%, depending on the asset. Notably, Kusama (KSM) and Polkadot (DOT) have been highlighted for providing some of the highest staking rewards. Additionally, Uphold has introduced a 0% commission on all staking assets, making it an attractive option for those looking to maximize their staking returns. Users can easily start staking by creating an account, selecting an asset, and enjoying weekly rewards. The process is designed to be simple and user-friendly, with a focus on providing a seamless staking experience.

Uphold.com is a multi-asset digital money platform offering financial services to a global market. It serves 184+ countries, across 250+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world. Since its launch in 2015, Uphold has powered more than US$4+ billion in transactions. Uphold's unique ‘Anything-to-Anything’ trading experience enables customers to trade directly between asset classes with embedded payments. This platform is built on a core of proprietary technologies and e-money apps, embracing a future where people and businesses around the world have access to safe, transparent, fair, and affordable financial services. Uphold also allows users to buy and sell cryptocurrency in just one step between any supported asset. For example, Bitcoin to XRP, is one seamless trade. Uphold also supports a selection of cryptocurrencies, precious metals and national currencies for trade. The platform boasts of being a place on which you can trade “anything to anything.” In other words, you can trade directly between asset classes without having to trade back through fiat currency. Uphold is also a platform to discover important new tokens early because it’s connected to 28 underlying trading venues, including Centralised and Decentralised Exchanges, Layer 2 Networks and Roll ups. It brings more choice, faster than any other regulated platform in the U.S. Uphold also allows you to put your assets to work and earn crypto. It has been the pioneers of radical transparency in the crypto space since 2014. It never loans out customer assets and publishes its assets and liabilities every 30 seconds, on its website, for all to see. Uphold's mobile app allows you to purchase and sell 260+ cryptocurrencies (BTC, ETH, XRP, XDC, DAG, ADS, CSPR & QNT), 27 national currencies, and 4 precious metals (Gold, Silver, Platinum, and Palladium).

Uphold is a versatile financial platform offering a wide array of assets, including cryptocurrencies, fiat currencies, precious metals, stocks, and ETFs. It supports trades of cryptocurrency, fiat currency, and even precious metals. The platform allows users to trade directly between asset classes without having to trade back through fiat currency. However, the spread fees on Uphold are relatively high.

One of the unique features of Uphold is that it allows users to trade across asset classes. For example, users can trade from crypto to precious metals or other available asset classes without having to convert to fiat currency. Uphold also offers advanced order types, allowing users to set limit orders and put stop losses in place to both lock in profits and prevent severe losses.

Uphold is 100% reserved, meaning its reserves are never loaned out. The platform publishes its assets and liabilities in real time on its website. However, access to services and assets is limited in certain jurisdictions. For example, the Uphold debit card is only available if you live in certain regions, and some crypto assets are also only available in certain regions. Staking is available but not for US residents. Uphold is only available in 42 states in the US.

One of the criticisms of Uphold is its lack of live chat or phone-based customer support. Users have to consult the FAQ or contact Uphold via email, which may take several days to receive a reply. Despite these criticisms, Uphold's unique offerings like crypto cashback through its debit card are appealing to many users. However, the high spread fees, varying regional features, and lackluster customer support could impact its competitive standing.