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Uphold Cryptocurrency Platform review

Introducing Uphold, a multi-currency wallet that supports cryptocurrency, fiat currency and even precious metals.

Uphold is a digital money platform where users can buy, convert and store a wide range of assets. Not only does this virtual support 8 popular cryptocurrencies, but you can also exchange more than 20 fiat currencies and 4 precious metals.

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Tim Falk
Last Updated

27

Fiat currencies

49

Cryptocurrencies

Details

Product Name Uphold Digital Money Platform
Fiat Currencies AED, ARS, AUD, BRL, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, INR, JPY, KES, MXN, NOK, NZD, PHP, PLN, RON, SEK, SGD, USD
Cryptocurrencies BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, AAVE, NANO & 35+ more
Deposit Methods Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
Trading Fee 0.65-3.65%
Deposit Fees Bank transfer: None
Bitcoin: None
Credit/debit card: 3.99%
Withdrawal Fees Cryptocurrency: $2.99 + coin fees
Bank transfer: $3.99
Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AED, ARS, AUD, BRL, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, INR, JPY, KES, MXN, NOK, NZD, PHP, PLN, RON, SEK, SGD, USD
  • Supported cryptocurrencies: Approximately 49 cryptocurrencies

Which payments methods are accepted?

  • Bank transfer
  • Credit card
  • Debit card
  • Bank transfer (SEPA)

What is Uphold?

Uphold is a cloud-based financial services platform that supports more than 30 currencies (both fiat and crypto) and is available to users in over 180 countries. This digital wallet is designed to make it quick and easy to store assets, send funds to other Uphold users around the globe and instantly exchange between currencies.

Operating on a 100% reserve model, Uphold backs all member stores one-for-one with its own holdings. Since its launch in 2015, the platform has supported more than $3 billion in transactions. Uphold is headquartered in the United States.

Compatible with:

  • Web browsers
  • iOS 9.0 or later
  • Android 4.1 and up

How much does it cost?

It’s free to sign up with Uphold and create a wallet. However, depending on the funding method you select, you may need to pay deposit and/or withdrawal fees.

Fees and limits on Uphold

Bank transfers are only available through ACH for US residents and through SEPA for EU residents. Uphold’s Australian users can deposit either through credit card or debit card.

  • Update – July 2018: GBP bank deposits and withdrawals are temporarily not supported until further notice.

How do I add currency to my wallet?

There are multiple funding options available with Uphold including bank transfer, credit/debit card deposit and cryptocurrency transfer. However, the options available to you may vary depending on where you live. For example, if you’re an Australian user, bank transfers aren’t available, so you’ll need to use either the cryptocurrency deposit or credit/debit card option.

Quick guide: How to add crypto to your Uphold wallet

To add cryptocurrency to your Uphold wallet, you’ll need to:

  1. Choose the Uphold money card you want to use and click “Add Funds”.
  2. Select the “Fund with cryptocurrency” option.
  3. Choose the cryptocurrency you want to send.
  4. Copy your wallet address or scan the QR code.
  5. Use this information to initiate the funds’ transfer from your external wallet.

How do I make payments with Uphold?

Quick guide: How to make crypto payments with Uphold

To transfer cryptocurrency from your Uphold account, you’ll need to:

  1. Choose the Uphold money card you want to use and click “Use Funds”.
  2. Select the “Send to cryptocurrency address” option.
  3. Enter the address of the wallet you’re sending funds to.
  4. Enter the amount you’re sending and the currency of your choice.
  5. Click “Confirm”.

How secure is Uphold?

Uphold offers several security measures to help protect user funds, including:

  • 2-factor authentication. Uphold supports 2-factor authentication methods so you can set up an extra layer of security on your account.
  • Encryption. The private keys of customers are encrypted to protect against hacking.
  • 24/7 monitoring. Uphold’s Security Operations Center monitors its systems 24/7 to detect suspicious activity.
  • Team security. Uphold also claims that its staff must adhere to strict security measures, for example, undergoing thorough background checks and using 2-factor authentication on all administrative accounts.
  • Regulation. Uphold is regulated by the United States Treasury Department regulator, FinCEN, and in Europe, it’s partnered with an Authorized Payment Institution regulated by the UK Financial Conduct Authority. As Uphold is a regulated financial service provider, it must also comply with global anti-money laundering controls.

Where can I get Uphold?

It’s free to sign up for an Uphold web wallet at uphold.com. If you want to manage your cryptocurrency on the go, mobile apps are available for download from Google Play (for Android devices) or the App Store (for Apple devices).

Pros and cons

Pros

  • Supports multiple cryptos, fiat currencies and precious metals
  • Easy to set up and use
  • Mobile apps also available
  • Supports 2-factor authentication
  • Quick and simple to send funds to any other Uphold user around the world
Cons

  • You may not be able to access all account funding methods in your country of residence
  • Conversion fees apply when buying or converting between currencies
  • Other wallets support a wider range of cryptocurrencies

What are the next steps if I want to sign up to Uphold?

If you’d like to sign up for an Uphold account, click one of the green “Go to site” links on this page and you’ll be securely redirected to the Uphold website. You can then register by providing your email address, country of residence and mobile number.

To become a verified member, you’ll also need to provide:

  • Your current residential address
  • Government-issued ID
  • A clear photo of your face

Finally, don’t forget to enable 2-factor authentication on your account before proceeding any further.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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8 Comments

    Default Gravatar
    CLAUDIA
    August 12, 2019

    I am having serious problems with uphold.com . They are not responding to my emails. I have 4600 EUR stuck in the account and they refuse to refund them! The money was sent from my bank account I want them refunded in the same account. I don’t know what to do! Please advise !

    Reply
      Avatarfinder Customer Care
      fayemanuel
      August 13, 2019

      Hi Claudia,

      Thanks for contacting Finder.

      I’m sorry to hear your news. As we know, cryptocurrency does have a lot of process involved once you have invested on it.

      For this matter, they might need more information on what is evidently happening to your money. We recommend for you to contact Uphold. They might have a customer support team who can help you about your concern and discuss with them in detail what is happening to your money.

      Hope this helps!

      Would you need additional assistance please feel free to chat with us using the chat box at the lower right hand corner of the page.

      Regards,
      Faye

      Reply
    Default Gravatar
    Elio
    March 4, 2019

    When will Uphold Cryptocurrency Platform be available in New York?

    Reply
      Avatarfinder Customer Care
      Joshua
      March 6, 2019

      Hi Elio,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Uphold Cryptocurrency Platform is available in the United States and thus, it should be available in New York as well. Moreover, it is worth noting that this platform is also available to users in over 180 countries.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
    Default Gravatar
    Mahambet
    December 29, 2018

    Does Uphold support Mongolia?

    Reply
      Avatarfinder Customer Care
      Charisse
      December 29, 2018

      Hi Mahambet,

      Thanks for reaching out to finder.

      Yes, Mongolia is one of Uphold’s supported countries. If you are a member, you can hold, trade, and withdraw values using their platform.

      I hope this helps.

      Cheers,
      Charisse

      Reply
    Default Gravatar
    Sean
    September 23, 2018

    I know there is a daily limit for usd withdraw. But what about xrp? If I decide to cash out then can I withdraw any amount at once? The market fluctuates so it would be ideal to withdraw all at once in order to avoid the value dropping.

    Reply
      Avatarfinder Customer Care
      Joshua
      September 25, 2018

      Hi Sean,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      According to our table, there’s no specific maximum withdrawal limit for XRP. However, there’s minimum withdrawal limit which is 0.001 XRP.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
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