Introduction

Uphold is a cryptocurrency platform that offers a comprehensive range of financial products and services. It allows users to purchase, sell, or trade cryptocurrencies♔ as well as other assets.

Uphold is transparent about its fees. Its fee structure is slightly different from those of many other crypto exchanges. There are no commissions, deposit fees, or maker-taker fees. Instead, there are spread fees, which are basically small premiums you'll pay over the true market price (and are how Uphold makes money). With these spread fees, you might end up paying a higher price than what you might see from competitors. Overall, it could be a good choice for those looking to invest across different asset classes under one platform. 

Company Overview

Founded in 2015, Uphold is an established crypto exchange that serves users in over 180 countries. Uphওold offers a unique financial experience that sets it apart from other crypto exchanges. In addition to giving users the opt𒅌ion to buy cryptocurrency, users can also purchase precious metals.

The platform also allows you to trade across currencies, without taking the extra step of converting your assets back to cash. Uphold also offers a cash-back debit card that allows customers to make payments with assets they hold on the platform. For instance, a user might choose to pay with crypto or fiat currency.  However, this feature is only available in the United Kingdom (UK) at this time. Although the debit card can be used abroad, customers residing in other countries will have to wait until Uphold unlocks this feature in their home country.

Uphold supports over 250 cryptocurrencies, including Litecoin, Bitcoin, and 澳洲幸运5官方开奖结果体彩网:Stellar Lumens. The company, headquartered in New York, currently has over 10 million users and over $7.8 billion in its current financial reserve.

Pros Explained

• Ability to buy and trade across asset classes: Users can purchase cryptocurrency and precious metals on Uphold.
• Transparent fee structure: Uphold offers a transparent fee structure, so users won’t get caught off guard by unexpected costs.

Cons Explained

• Limited number of cryptocurrencies: While Uphold supports more than 250 cryptocurrencies, other leading exchanges offer more supported assets.
• No advanced charting features: Uphold lacks advanced charting and other features aimed at professional and active traders, which some exchanges provide.

Cryptocurrencies Available on Uphold

Currently, Uphold offers over 250 currencies for users to buy, sell, and trade on its platform. Available cryptocurrencies include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP) 
• Chainlink (LINK)
• Stellar Lumens (XLM)
• Iota (MIOTA)

Trade Experience

Uphold offers a user-friendly trading experience, and customers can make trades via its desktop platform or mobile apps, which are available on both Android and iOS. The user interface is intuitive for those who are new to making trades, which could make it a good option for those just getting started with crypto. Another trading feature that senior and beginning crypto traders will appreciate is Uphold Baskets, which is a collection of cryptocurrencies vetted by Uphold to simplify the trading process.

Unlike many competitors, Uphold offers the ability to trade within asset classes, making its platform stand out. Users may also set up recurring purchases using Uphold’s AutoPilot option, which uses dollar-cost averaging to help mitigate some of the volatility of trading in the cryptocurrency market. However, this platform only♔ offers one order type: limit orde🤪rs. Those looking for additional or more advanced order types will want to look elsewhere. Furthermore, the platform doesn't have advanced charting and other features that some traders often desire.

Fees 

Though Uphold offers 0% trading commissions, it charges 澳洲幸运5官方开奖结果体彩网:spread fees for cryptocurrency purchases and sales that customers make on the platform. These spread fees are relatively high. They can range from 0.25% to 2.65% for𝓰 popular cryptocurrencies and even go beyond this range for lower-liquidity cryptocurrencies. Uphold also indicates that spread fees may increase during times of market volatility.

Uphold clients can expect to pay deposit, withdrawal, and various other fees. Crypto network fees might apply when withdrawing to an external wallet the same as they would with any provider. Though they of course can change with market conditions, Uphold charges the following spread fees for other asset classes:

Security 

Uphold offers industry-standard security measures, including KYC verification and two-factor authentication. The majority of user funds are held offline in cold s🌳torage, which is generally more secure than storing funds online in hot wallets. This company also provides users with basic guidance on security best practices and how to recognize and avoid scams. 

In addition, Uphold employs a bug bounty program through Intigriti, a security company. Through this program, users can report bugs they’ve encountered when using Uphold. Staff members are also required to undergo backgr⛄ound checks and participate in routine privacy training to help promote platform security. 

Aside from its robust security measures, Uphold is a 100% reserved, regulated, and transparent platform. The company displays its assets and liabilities for current and prospective clients while meeting the regulatory requirements of several international governing agen𝔍cies, such as:

• FinCen with the U.S. 
• FCA with the UK 
• Fintrac with Canada

Opening an Uphold Account 

Signing up for an Uphold account is🙈 simple. To start, click on the Sign Up button in the upper rig🎃ht-hand corner of the Uphold website. From there, you’ll provide the following information during the initial sign-up process: email address, password, country of residence, and nationality. After that, further information is required to verify your identity, including uploading a government ID.

When you’ve submitted your information and read Uphold’s term𒁃s of service, you’ll receive a verification email. After you’ve verified your email address, you can begin using your account.

Investors who want alternatives to store cryptocurrency that fit their needs will find that Uphold offers three different options that investors can choose from.

Available storing methods at Uphold Include: 

• UPHOLD: a self-custody wallet that allows you to hold and manage, Bitcoin, Ethereum, and NFTs.
• Vault: assisted Self-Custody where traders who choose this storing method own the keys and crypto, with access to over 250 assets. 
• Uphold Wallet: cryptocurrency is 100% reserved and never loaned out.

Customer Service

Uphold doesn’t offer many options for customer service. Users can access a live chat function via th🎃e Uphold app. In addition, users can request help via a or reach out to the company through its .

Customer Satisfaction 

Overall customer satisfaction is split evenly betwܫeen 💦five-star and one-star reviews. Uphold receives poor marks from its customer base, when it comes to communication and account lockouts, as well as delays in authenticating profiles. Although no company will have a perfect satisfaction score, it’s important to keep note of the struggles users are experiencing.  

Despite a large amount of negative feedback, Uphold does receive an equal amount of 5-star reviews. Users who praise this exchange mention that they appreciate its product offerings and the overall simplicity of the platform.

One area that consistently gets positive feedback is Uphold's mobile platform. The Android platform is rated 4.2 out of 5, while the IOS platform is rated 4.7 out of 5, a strong and respectable rating from consumers.

Account Management

Uphold users can access their accounts via the company's website or its mobile apps. When logged in, you can use the online dashboard or mobile app to buy, sell, and trade assets, review your portfolio, and more. However, given that Uphold offers few options for customer support, users will likely be mostly on their own when it comes to managing their accounts.

Final Verdict

Despite its wide selection ♚of cryptocurrencies and advanced security features, Uphold does receive as many negative reviews as it does positive reviews. The poor reviews consist of problems with customer service and account lockouts making it a challenging platform for some users. However, customers also praise Uphold for providing a satisfying experience overall.  

Ultimate🐼ly, Uphold’s multi-asset trading capabilities make it an attractive platform to certain users. As with all crypto trading platforms, however, it’s a🐼 good idea to evaluate these companies based on reputation and security, and to compare critical account amenities and pricing before you sign up.

Methodology 

Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing🅰 our readers with unbiased reviews of the 📖top cryptocurrency exchanges for investors of all levels.

Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. We also considered if the exchange is regulated by a proper agency or entirely decentralized. Our full 澳洲幸运5官方开奖结果体彩网:cryptocurrency ex🐬change methodology, including its review process and weightಌed data points, is available for review.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes online. Read our 澳洲幸运5官方开奖结果体彩网:warranty and liability disclaimer for more info.