Uphold Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Trade and exchange of cryptocurrencies, fiats, stocks, metals, environmental assets
- profitable trading commissions
- there is auto trade
- application for iOS and Android
- free multicurrency wallet and debit card
- no investment solutions
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Trade and exchange of cryptocurrencies, fiats, stocks, metals, environmental assets
- profitable trading commissions
- there is auto trade
- application for iOS and Android
- free multicurrency wallet and debit card
- no investment solutions
Our Evaluation of Uphold
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Uphold is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.11 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Uphold clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Uphold exchange offers favorable conditions for trading cryptocurrencies and tokens. Its main advantages are many assets for trading and exchange, such as crypto-crypto and crypto-fiat pairs, a free wallet and debit card, fast deposit, and withdrawal of funds by many channels. Commissions are market average, additional earnings can be made with the referral program, and there is a cashback on the debit card. The exchange has introduced many integrated solutions for automatic trading, and there is an API. In addition to cryptocurrencies and fiats, trading in other assets is available, as well as access to Forex with 0.2% commissions. The platform works quickly and stably, it is officially registered, and its license data is freely available. Residents of all countries can trade on Uphold, and there are no regional restrictions.
Brief Look at Uphold
Uphold is a British exchange for trading cryptocurrencies, fiat currencies, precious metals, and stocks. Bitcoin (₿), Ethereum (Ξ), Tether (₮), Dash (Ð), DOGE, Cardano, BAT, Solana, and several other altcoins are available among cryptocurrencies. There are crypto-to-crypto and crypto-fiat pairs. Fiats include the American and Australian dollars, euros, pounds sterling, and several other national currencies. You can trade through the website or mobile application for iOS and Android. All users of the platform are provided with a free multicurrency wallet with a debit card attached. Many options for depositing and withdrawing funds are available, including bank accounts and other crypto wallets. Commissions differ by assets and trading region, and the maximum fee is 1.8% of the trade amount. The platform has an affiliate program, but no investment solutions.
- trading in cryptocurrencies, tokens, fiat, stocks, and precious metals is available;
- many pairs of crypto-crypto and crypto-fiat, hundreds of trade and exchange directions;
- a free multicurrency wallet and a debit card with cashback linked to it;
- average commissions for cryptocurrency are from 0.8% to 1.2% for the USA and Europe regions, and up to 1.8% for other regions;
- there is an API, solutions for institutional accounts, and an integrated exchange service;
- no restrictions on trading strategies or large limits
- terminal with advanced functionality;
- integrated service for automatic trading such as AutoPilot for cryptocurrency and fiat;
- two-factor authentication;
- a significant part of clients' funds is cold-stored.
- there are no investment solutions (more precisely, they are available only through the secondary services of the company);
- there are no demo accounts or other special solutions for novice traders.
TU Expert Advice
Financial expert and analyst at Traders Union
Uphold was launched in 2015 and is headquartered in London. The company is licensed in the USA and Europe, the license is valid (No. 09281410). It has no fraudulent activity, and evidence of defaults on its obligations to its clients are not present.
According to technical experts, the platform has no vulnerabilities. The terminal and the mobile application work stably even at peak loads, no bugs or failures were detected during testing.
The platform is a multifunctional exchange. Trading in cryptocurrencies, coins, fiats, stocks, and metals is available. There are many popular assets, and many are paired with national currencies. Trades go through quickly, no longer than one second. Fiat deposits and withdrawals are also prompt; instant with cryptocurrencies.
The platform issues a free multicurrency wallet, coupled with a debit card cashback. The referral program is standard. There are APIs, solutions for advanced users and institutional accounts. Integration into the company's business environment is fast and comprehensive. Thus, the platform is equally convenient for private traders and corporate clients.
There are no restrictions on trading strategies, and there is an integrated exchanger. User funds are partially stored using the cold method; and KYC-type verification and two-factor authentication are employed. The exchange is recognized as reliable. There are no investment solutions (only third-party programs). No design flaws have been identified.
Uphold Summary
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, stocks, metals, eco-assets |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Trade and exchange of cryptocurrencies, fiats, stocks, metals, environmental assets; profitable trading commissions; there is auto trade; application for iOS and Android; free multicurrency wallet and debit card; no investment solutions |
| 🎁 Contests and bonuses: | No data |
To gain access to the full functionality of the exchange, you must register and go through the verification procedure. It does not take long. Verified users immediately receive a multicurrency wallet and a virtual debit card (it is possible to order a plastic card for offline payments). There is no minimum deposit and no restrictions on trading strategies. Auto trading is available, but leverage is not provided. The platform user independently regulates his financial policy. To clarify any questions, you can contact technical support. The Uphold exchange does not have a call center, and contact is by email only. Answers from specialists are quite prompt. You can also visit one of the company's offices in London, New York, Shanghai, or Braga (Portugal).
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Commissions & Fees
For example, Bitcoin and Ethereum trading fees range from 0.8% to 1.2% in the USA and Europe. In other countries, the commission on these assets is fixed at 1.8%. Using geo-targeting, the program determines where the user is and immediately adjusts commissions for his region in the trading terminal of the browser or the mobile application. Regional commissions are applied automatically.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 1.8% per order | Yes |
For cryptocurrencies and tokens with low liquidity like XRP, ZIL, OXT, UPT, and DOGE, lower or higher fees may be applied. They can always be reconfirmed using the "Preview" option.
There is a deposit fee only for fiats if the account is funded with a debit, credit, or bank transfer. When credited from a card, the commission is 3.99%; by transfer, it is $20, but when transferring more than $5,000, there is no commission. There are no commissions for withdrawing to the card, for withdrawing by bank transfer, the fee is $3.99.
All cryptocurrencies are introduced for free. For withdrawal, a fixed fee of $2.99 is taken regardless of the withdrawal channel, plus there is a fee on the asset. For example, the Bitcoin fee is ₿0.0003. Additional deposit and withdrawal conditions and limits can be found in the Help Center.
| Broker | Average commission | Level |
|---|---|---|
|
$1.8 | |
|
$20 | |
|
$0.1 |
Investment Options
Uphold does not offer investment solutions to users. The platform is designed for active trading in cryptocurrencies, fiats, stocks, and metals. Passive earnings on the exchange itself are possible only through its referral program. However, the company has developed several proprietary solutions that include investment functions. Examples are Spectre.ai and Linqto. A complete list of the company's applications is presented in the Application Center.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Uphold’s affiliate program
The platform has a standard referral program with earnings in the form of a percentage of referral commissions. An application for participation in it is submitted individually, for this you need to have a verified account (with confirmed personal data). The program has no regional or other restrictions.
After approval of the application, the user gets access to a set of banners and promotional materials that can be placed on any internet resource. Each trader who registers on the exchange by clicking on the owner’s link becomes a referral to the owner of the link. Referrals bring income to the link’s owner in the amount of 30% of their commissions for all transactions (not only with cryptocurrencies and fiats).
The referral program is limited to 3 months after registration; after that, the user loses its referral status and no longer brings income to the link’s owner. There are no restrictions on the number of referrals, and the user can invite any number of users to the platform and receive income from each. Detailed statistics on referrals and payments are presented in the personal account.
User Satisfaction