Uphold Exchange Review: Features, Fees, Pros & Cons

If you want to find a nice and easy way to trade between crypto, US equities, currencies, and precious metals at trading rates as low as 0% and with zero fees on deposits and withdrawals, Uphold is a platform worth considering.

In this Uphold review, I take you through the sign up process. I show you how to buy and trade cryptocurrencies, equities, and precious metals using their ‘Anything to Anything’ feature. This can all be done within Uphold’s easy to use web app and mobile.

What is Uphold?

Since Uphold was launched in 2015, it’s enabled its 1.7 million members worldwide to buy, sell and hold fiat and digital currencies, as well as precious metals and U.S equities through one easy to use interface. Unlike competitor platforms, users can trade directly between any supported asset, reducing the amount of fees, saving you time and money. Furthermore, the blockchain-integrated platform makes it possible to send any currency to virtually anyone, anywhere – instantly.

Uphold Review 'Anything to Anything'

Since my last Uphold review, you can now buy, sell, hold and convert 36 cryptocurrencies and stable coins, 27 national currencies, and 4 precious metals, all in one account. At this moment in time trading, US equities are limited to specific regions, you can find out more here.

Uphold also have mobile apps, as well as their web version and these are available from App Store or Google Play.

Uphold US Equities

What Cryptocurrencies Does Uphold Support?

Uphold currently support 30 different cryptocurrencies and utility tokens. These include the likes of BTC, DASH, XRP, NANO. Plus they also support 6 stablecoins.

uphold supported currencies

Uphold Fees

Uphold have moved to commission-free pricing and boast to have 0% trading fees, deposit and withdrawal fees. Theres no complicated fee layers to contend with and the price you see before you trade is the price that youll pay when you trade. Unlike many competitors they lock in and guarantee the price upfront.

Uphold trading fees

But although there are no trading fees, Uphold is not a free platform. They will charge a “Spread” every time you convert one currency or asset to another. In the US and Europe the spread is typically 0.8% to 1.2% on major cryptos such as BTC, ETH and XRP. In some other parts of the word, their spread can even reach 1.8%.

Theres different spreads for different types of commodities like 3% for precious metals, 0.2% for FIAT and 1% for U.S Equities.

Do I have my Private Keys with Uphold?

Similar to the likes of Coinbase or eToro, you don’t actually have access to your private keys and are entrusting a 3rd party. Therefore, I’d recommend storing your Bitcoin for the long term in a hardware wallet such as Ledger Nano or Trezor. This is so that you have more control over your funds with access to your private keys. You also have to complete KYC so it’s not fully decentralised.

How are funds protected with Uphold?

Uphold deploy layered defenses to limit the scope and depth of potential attacks, as well as sophisticated encryption. You can also confirm their reserve holdings and ensure that your funds are kept safe at any time from here.

Their insurance policy does not cover any losses due to unauthorized access to your Uphold account. It is the user’s responsibility to use strong passwords and 2-Step Verification to access your Uphold account and to approve withdrawals from their account.

uphold safe

How to Buy Bitcoin on Uphold: Step-by-Step Tutorial

Account Sign-Up & Verification

To get started with Uphold the first thing you’ll need to do, is sign up for an account.

Uphold wallet

When you sign up, they´ll collect your legal name, date of birth and phone number. This is to protect you from fraud and to keep their community safe.

You dont have to verify your identity until you withdraw or send funds to other people. But this can be performed earlier if you want.

How to Buy Bitcoin

To purchase cryptocurrency, simply head across to the “Anything to Anything” or trading section of the screen.

Select “From” and then select your method of payment.

If you choose to purchase via a bank account there are 0% fees. Please just ensure that you include the reference number displayed on your screen as this will map your bank account with your Uphold account. Credit card payments will incur a 3.99% charge.

Then simply select the cryptocurrency you would like to exchange “To” from the like of Bitcoin, Ethereum or Ripple.

deposit to uphold

How to Withdraw Funds From Your Uphold Wallet

Withdrawals from Uphold are charged at 0% fees. There are different methods to withdrawing, depending on the type of asset you want to withdraw to.

If you want to withdraw cryptocurrencies from Uphold, select the required cryptocurrency from the “From” field and then select the cryptocurrency network from the “To” list. Then enter the amount you´d like to withdraw. When you choose to “Preview” an address field will be displayed where you can then input the address for your external wallet.

Please just note that although withdrawals are free, you will still be charged a standard crypto network fee to process this transaction.

Uphold Crypto withdraw

To withdraw FIAT to your bank account, select your FIAT currency from the “From” field and choose “Bank Account” in the “To” field. You may be asked to setup the bank and enter in the account number and sort code if you have not withdraw to this account previously.

withdraw from Uphold

What is my Cryptocurrency Uphold Wallet Address?

To discover your public address, click onto the cryptocurrency from the portfolio tab and click onto the 3 dots in the top right.

Select “Crypto Wallet Address

Your Public Address and QR code will then be shown on screen.

uphold wallet address

Uphold Debit Card

Uphold also have very own debit card. WIth their debit card, you can choose to pay with crypto, metals, currencies, or whatever you choose. With the card, you can earn 1% Cashback and 2% Cryptoback so that you can spend Bitcoin and earn Bitcoin. Because it’s a Mastercard® it’s accepted at nearly 50 million merchants and ATMs across the globe. With ZERO foreign transaction fees.

Uphold Debit Card

Uphold and Brave Browser

Brave rewards their user’s attention with Basic Attention Tokens (BAT). These can then be used in the Brave eco-system to tip their favourite creators and Publishers. Where Uphold comes in is that they are the wallet provider for the Brave Publisher platform.

Brave Rewards and Uphold

To access your Brave balances, you will first need to fully verify your identity on Uphold. It’s a pretty simple process and takes just a few minutes to complete on the web or mobile device. Before you start, you will need a valid form of government-issued photo ID. As well as taking a live selfie with your laptop or phone’s camera.

how to withdraw BAT from Brave

Once your account has been registered and verified with Uphold, your basic attention tokens will appear in your portfolio. Allowing you to store, trade the tokens into FIAT or withdraw them to the safety of a hardware wallet.

Brave Browser

Uphold vs Coinbase

Uphold are often compared to exchanges such as Coinbase, or banking services with fee-free money exchanges like Revolut. However, Uphold blows all of these out of the water with more national and digital currencies. As well as metal and 10 times the amount of trading pairs to its competitors.

Uphold vs Coinbase vs Revolut vs Robinhood


Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future. After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.

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