Updated: 31 may 2024
9 minutes

Are you looking for a new crypto trading platform to test, to discover? Discover Uphold! It is a cryptocurrency trading platform registered in Lithuania that, with its few features, has everything to become one of the most used on the market. Ergonomic, simple and pleasant to use, it indeed offers numerous advantages. A platform that the teams at Tokize are excited to present to you in detail, something that, we hope, will make you want to discover it and maybe, create an account to trade (buy and sell) cryptocurrency!

What is Uphold?

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Uphold is a somewhat “peculiar” cryptocurrency trading platform. It allows all investors to position themselves on digital assets, stable assets (also known as stablecoins) as well as FIAT currencies (euro, dollar, pound) and even precious metals! However, it is not possible to position oneself on assets such as stocks. In short, digital currencies are favored. Present in 184 countries, this platform launched in 2014 has today established itself as one of the key players in the trading world.

The Advantages

The main advantage of the Uphold platform is its diversity. Although the asset classes are limited to 3 different types, you still find several hundred cryptocurrencies, including the market’s main ones (which we will examine later). Additionally, the platform is easy to use (it is super intuitive, pleasant to look at) and aims to be completely transparent about fees. With the Uphold trading platform, you can be sure that you will not have any unpleasant surprises! Finally, the issue of security is taken very seriously (2FA, cold storage…). Also, a debit card is available for those who wish to request it!

The Disadvantages

As often happens, however, not everything is perfect. First of all, although the platform is transparent about fees, one must keep in mind that they can be quite high compared to other brokers. Being the DEX par excellence, identity verification through KYC is required. Finally, some users have criticized customer service in their comments, considering that response times can sometimes be quite slow. This, therefore, leads to real frustration for investors!

  • Diversity of assets, hundreds of cryptocurrencies available
  • Intuitive and user-friendly platform
  • Total transparency on fees charged
  • Genuine concern for the security of funds and data
  • Real attraction for fund and data security
  • High fees
  • Mandatory KYC
  • Customer service sometimes a bit slow in responses
  • The site is not available in Italian, French, Spanish, or German

BTCC

  • More than 12 years in the trading market
  • Interface for beginners and professionals
  • Copy trading function

What cryptocurrencies can you buy on Uphold?

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Uphold is a trading platform that allows you to invest in hundreds of different cryptocurrencies (approximately 250 in total). Among these numerous assets at your disposal, you can position yourself on some of the market’s main currencies. We are particularly thinking of cryptocurrencies on various blockchains, such as:

Additionally, there are several stablecoins such as EUROC, MIM, GUSD as well as LUSD, FXS, and finally FRAX.

Disclaimer: investing in cryptocurrency carries a risk. In fact, the market is very volatile and you can lose all or a large part of the invested money. The Tokize teams do not encourage investment and invite you to put at stake, in terms of capital, only what you are able to lose. This is not financial advice.

Coinbase

  • Regulated exchange
  • An easy-to-use platform
  • Free crypto training offered

The different services and features offered by Uphold

Uphold is a trading platform that offers a variety of services for people interested in trading. Here’s a summary of what you can do by deciding to use this tool.

Buying, selling cryptocurrencies

It’s the main activity of Uphold! By signing up on the platform, you can easily invest in the digital asset class. You can then buy or sell cryptocurrencies according to the offered pairs. Be careful, if Uphold is well-known and used, some might eventually suffer from a lack of liquidity. Your purchase order could then be blocked for some time!

Asset exchange

In addition to the possibility of buying or selling cryptocurrencies for fiat currencies, it is also possible to exchange (or swap) one currency for another. For example, Uphold offers the possibility of obtaining XRP from BTC, in a few seconds. This is just one example among many; just explore the platform to discover all the proposed pairs!

Digital wallet

On Uphold, you can securely store cryptocurrencies. It’s simple and very intuitive. You can even create “sub-accounts” to better organize your wallet and manage it more effectively and transparently. It’s perfect if you want to limit errors. The wallet, for the rest, works quite classically, nothing very innovative!

Vault

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It is a safe. More secure and reassuring than a classic wallet, the “Vault” allows you to store your assets and truly have peace of mind. In self-custody, it requires two keys to be unlocked. In other words, you and only you can access it! A small advantage? An assisted key replacement service is offered for the Vault, allowing for a quick solution if one of the two keys is lost. Finally, even if the system goes down, your assets remain accessible at any time.

Debit Card

The Upold debit card is fantastic, in the sense that you can use it for purchases anywhere in the world. The fees are almost nil, allowing you to indulge without being subsequently taxed. It works like a normal card. To top it up, just send money through your Uphold wallet. No annual fee will be charged. You can monitor all your expenses through the mobile application and you will receive a notification every time you make a transaction. A virtual card is also available, to get started immediately. From a tax standpoint, remember to keep track of all the transactions you make.

Brave

Uphold has partnered with Brave. It is a browsing system that values the time spent online, preserves data privacy, and rewards users (Brave Rewards are mentioned). The rewards are provided in BAT, the native token of this browser. Then you can sell them directly through Uphold, whose wallet is directly integrated.

Be careful, investing in cryptocurrency represents a risk. Indeed, the market is very volatile and it is possible to lose all or a large part of the invested money. The Tokize teams do not encourage investment and invite you to allocate, in capital, only what you can afford to lose. This is not financial advice.

Kraken

  • Great customer support
  • Secure exchange
  • Lower fees with Kraken Pro

The fees charged on the platform

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As for trading, the fees applied by Uphold are as follows:

  • Stablecoin and major currency markets: 0.25%.
  • BTC, ETH: 1.4% – 1.6%
  • Altcoins: 1.9% – 2.95%
  • Precious metals: 1.9% – 2.95%

In addition to this amount, there are deposit fees of 3.99%, with a weekly limit of 15,000 US dollars in total. However, transfers made via credit card are immediate. For withdrawals, a fee of $0.99 must be considered!

Type of expensesAmount
Deposits3.99%
Withdrawals$0.99
Stablecoins0,25%
BTC and ETHfrom 1.4% to 1.6%
All altcoinsfrom 1.9% to 2.95%
Precious metalsfrom 1.9% to 2.95%

eToro

  • Innovative social trading
  • Transparent fees
  • User-friendly platform

The Uphold Mobile App

In fact, the Uphold trading platform has its own mobile application. It can be downloaded directly from Google Play (for Android users) as well as the Apple AppStore! The application is fast and ergonomic, meeting the needs of traders on mobile.

Perfectly rated, it is 4.6 out of 5 on Apple (49,212 reviews) and 4.4 out of 5 (48,931 reviews). With it, you can do everything! You can purchase any of the numerous cryptocurrencies on the market as well as precious metals (gold, silver, platinum, and palladium). Safe, the application clearly does its job. You will have access to all the same information as on the desktop (trading history, portfolio, etc…)

What account can you open on Uphold?

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At Uphold, you can only open two types of accounts. The first is the classic trading account that you can open almost anywhere. It will give you access to the catalog and all the features developed and launched on the platform.

There is also another option, that of business accounts, which are exclusively dedicated to companies. They do not necessarily give access to anything more but are more regulated! We also recommend discussing it with your company accountant if you wish to invest.

Uphold: A Secure Platform?

Security is an integral part of the values promoted by Uphold. The platform has implemented numerous measures to ensure the protection of both data and funds for everyone.

Platform Security Measures

First and foremost, everything is encrypted (emails, discussions, exchanges, and private keys)! The teams actively perform real-time checks on what is happening, detect suspicious transactions, and react quickly when necessary. Additionally, security audits are frequently conducted, primarily by third parties, to ensure that the currently implemented measures meet the realities of current technology and the needs expressed by investors.

The Regulations and Licenses of This Exchange

Uphold is a platform that complies with numerous legal provisions. It is regulated by FinCEN, the U.S. Department of the Treasury’s regulatory organization. Furthermore, the platform operates in full compliance with the recommendations of the AML, the global center for money laundering control and prevention. In addition, Uphold is required to adhere to the Payment Card Industry Data Security Standards (PCI-DSS). This aims to enhance the security controls on the data of people who own a cryptocurrency card, thereby reducing fraud risks.

How to buy cryptocurrencies on Uphold

Do you want to get started on the Uphold platform and buy cryptocurrency? Here’s how to do it. Don’t worry, it’s not complicated, it’s very simple and fast!

Step 1 – Create an account

The very first step to buying cryptocurrencies on Uphold is to create an account. Go to the platform’s official website, then click on “Sign up” at the top right of the screen. Check the warning box and click on “I Understand”. Now you will need to fill out the form. Choose the type of account you want, enter your email address, password, country of residence, and nationality, then click on “Next“. Then, enter your name, date of birth, and address. That’s it, your account is created!

Step 2 – Secure your account

The second step is to secure your account. First of all, verify the KYC (Know Your Customer) by providing the required documents (photocopies of your ID card, a document proving your place of residence…). Then activate two-factor authentication (2FA) which allows you to add a second layer of protection to your account. That’s pretty much all you need to do unless you want to opt for the “Vault” option.

Step 3 – Make a deposit

To buy cryptocurrency, the first step after creating your account is to make a capital deposit. You are free to deposit the amount you want. Remember to invest only what you are willing to lose, the cryptocurrency market is particularly volatile. As a result, total or partial loss of capital is a reality that you need to accept. To deposit money on Uphold, click on “Deposit” and follow the two or three steps to send your funds!

Type of expensesAmount
Deposits3.99%
Withdrawals$0.99

Step 4 – Purchase Your Cryptocurrency

The final phase to purchase cryptocurrency on Uphold is to place your buy order! Choose the desired cryptocurrency from the hundreds available. Then enter the amount you wish to invest and confirm your order. The order will be executed more or less quickly, it all depends on the network, but also on liquidity. As soon as the order is confirmed, you will receive your funds in your wallet. Now you own digital assets!

Be careful, investing in cryptocurrency represents a risk. Indeed, the market is very volatile and it is possible to lose all or a large part of the invested money. The Tokize team does not encourage investment and invites you to invest only what you are willing to lose. This is not financial advice.

Coinbase

  • Regulated exchange
  • An easy-to-use platform
  • Free crypto training offered

Which user profile is the platform best suited for?

Uphold is a cryptocurrency trading platform that is quite suitable for beginner traders or those who have a good knowledge of the sector but do not really wish to position themselves on purchases through contracts like futures or perpetuals, or engage in leveraged trading.

The idea, with Uphold, is mainly to benefit from a simple and pleasant platform to use, to buy or sell cryptocurrencies quickly and easily. If you are looking for more complete, more complex products, and also a greater number of digital assets to invest in, we recommend using other platforms such as Binance, Coinbase, or Kraken!

It is also a platform dedicated to people who want to diversify their portfolio. Certainly, digital assets are accessible, but you can also invest in stablecoins, FIAT, and precious metals. It is therefore ideal if you want a complete and well-balanced portfolio!

BTCC

  • More than 12 years in the trading market
  • Interface for beginners and professionals
  • Copy trading function

The quality of customer service

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Customer service from Uphold can be contacted directly via email (the dedicated page and contact form). You can also write to them through social networks. Regarding the languages of contact, prioritize English.

Responses sometimes take a bit of time to arrive. In fact, depending on the volume of requests and the complexity of the problem, response times can be more or less long. Generally, consider 24 hours.

Some people have left rather negative reviews about it, although, objectively, it can be said that Uphold’s customer service works like absolutely all the others!

To save time, you can also use their help center, which is particularly well-stocked. The FAQ works based on keyword search. You will get a selection of content that will meet your needs. If you still can’t manage, then the next step is to contact Uphold’s customer service team.

Our Final Opinion on Uphold

Uphold is an exceptionally useful trading platform, and it is very clear that the developers have done an excellent job. The tool is simple and pleasant to use, the user journey has been carefully thought out, and the security aspect has been optimized in every part, as well as the possibility of having access to a debit card with no fees!

On the other hand, one cannot but lament the rather high fees on deposits and trading. In addition to this, the platform mainly meets the needs of “classic” investors. For those who desire more advanced options, it will be necessary to look elsewhere.

However, we invite you to discover it, because it is one of the best-designed platforms on the market. The mobile application is fantastic, as is the “Vault” option. Finally, we greatly appreciate the ability to diversify by positioning oneself in precious metals.

Learn More About Uphold

Yes, it is possible to buy cryptocurrencies on the Uphold platform. Just sign up, pass the KYC (Know Your Customer) process, and then make your first deposit before placing your purchase order!
As of this writing, Uphold offers more than 250 cryptocurrencies to investors. Some major assets are available, such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), as well as Polkadot (DOT), Ripple (XRP), and Dogecoin (DOGE).
Yes, using the Uphold cryptocurrency trading platform, you can sell cryptocurrencies. Not all pairs are available, so be careful! Do not hesitate to consult the broker’s website to learn more.
No, although it allows you to use a debit card (also called a cryptocurrency card), Uphold is not a bank. It is a platform for buying and selling cryptocurrencies.
Uphold.com has a reputation for being a perfectly safe platform, with many measures in place to ensure the protection of everyone’s funds and data. 2FA authentication, encryption, compliance with certain laws and other licenses… Everything has been designed and optimized to offer you the best possible experience.
To withdraw your money or cryptocurrencies from the Uphold trading platform, you need to log into your account. Then click on Withdraw, enter the destination address, and confirm the transaction. You then have to wait a few seconds or minutes for it to be confirmed.
Yes, Uphold is a trading platform that has fees. These are 3.99% for deposits. As for withdrawal fees, they are $0.99. For buying and selling fees, consider between 1.4% and 2.95% in total, depending on the asset in question.
Uphold is a platform that operates through cold storage, which means it does not directly hold your assets on the platform, online. These are stored offline, adding an extra level of security.
Yes, Uphold is an American company. It was founded in 2014 and is headquartered in Charleston, South Carolina. Uphold operates under the regulations of the United States and adheres to stringent security and compliance standards to ensure a safe and reliable platform for its users.