Introduction to Uphold Crypto Exchange

9 min readSep 13, 2022

Uphold is a well-known cryptocurrency exchange platform offering a variety of services including Fiat Currency Deposits and Withdrawals, Trading Between Different Cryptocurrencies, and Physical Gold Storage. Uphold offers a unique feature called “Instant Exchange,” where you can convert one crypto asset to another instantly without needing to wait for confirmations. This is done by matching buyers and sellers directly on the blockchain. In addition, Uphold allows its clients to deposit and withdraw funds through credit cards, debit cards, bank transfers, or wire transfers.

Uphold offers a wide array of trading options including Margin Trading, Leverage Trading, Short Selling, Stop Loss Orders, etc. You can trade BTC, ETH, LTC, XRP, DASH, BCH, EOS, XLM, ZEC, TRX, ADA, REQ, BAT, LINK, IOTA, ICN, VEN, NEO, NGC, HSR, PIVX, SYS, WAN, TUSD, USDC, USDT, OMG, GNO, MCO, AION, QKC, ARRR, and MANY MORE CRYPTOCURRENCIES.

Uphold is fully compliant with the UK FCA. They are licensed and regulated by the FCA and follow strict guidelines and regulations regarding Consumer Protection and Money Laundering. Uphold offers 24/7 customer support via Live Chat, Phone Call, Email, Twitter, Facebook Messenger, Telegram, SMS, and WhatsApp.

Uphold supports multiple Languages and Currencies. There are over 20 Million Active Accounts Worldwide. They accept most major Credit Cards and Debit Cards and have a large amount of Countries Supported. Uphold also offers multiple ways to deposit funds into your account.

Trading Experience

The platform allows you to trade cryptocurrencies without having to worry about technicalities. You just enter your desired price range and choose how many coins you want to buy or sell. Once you are done, the platform will automatically execute your order.

There’s a wide range of digital assets available for trading. You can choose from stocks, commodities, indices, ETFs, bonds, futures, crypto-currencies, forex pairs, and even real estate. If you’re looking for something specific, try searching our asset list.

The trading experience is straightforward. You can buy and sell up to 2 BTC/ETH/LTC/XRP every 24 hours. Limit orders are supported, which limits the number of trades per day. Advanced charting and trade management tools aren’t offered.

You can also view market data such as volume, open interest, and other important information.

Conversion Rates

Uphold has an excellent conversion rate. They offer competitive exchange rates compared to other exchanges. Conversion rates are calculated daily and updated every time you log in.

When converting between different currencies, they do not charge any additional fees. However, when converting between two cryptocurrencies, they charge a flat fee of 1%.

This means that if you were to convert 100 XRP to ETH, you would be charged 1%.

Withdrawal Limits

Uphold does not have any limits on the amount of cryptocurrency you can withdraw at once. There is a limit of $2,000 per day.

However, you cannot withdraw more than $100,000 per month.

Fees

There are no fees for deposits onto Uphold. You can deposit fiat currency directly via bank transfer, debit card, credit card, or wire transfer. Deposits are processed instantly. Once deposited, funds are immediately accessible.

Uphold offers three types of assets: cryptocurrencies, stablecoins, and digital collectibles. Cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, Stellar Lumens, NEM, and many others. Stablecoins include Tether, TrueUSD, USDC, DAI, PAXOS, Gemini Dollar, USD Coin, and many others. Digital collectible assets include CryptoKitties, Etheremon, Magic: The Gathering, and many others.

If you want to withdraw money from Uphold, you must pay a withdrawal fee. Fees range from 0% — 3%. Withdrawals are processed within 24 hours. Deposit fees are paid in the same manner as withdrawals. Deposit fees range from 0% — 2%, while conversion rates vary depending on the type of asset purchased.

Security

Uphold is a digital currency wallet that stores both Bitcoin and Ethereum. They are one of the few wallets that offer multi-signature accounts, meaning you don’t need anyone else’s key to access your funds. You can use it to buy crypto directly from exchanges like Coinbase, Binance, Kraken, Bitfinex, and Poloniex. If you want to send someone money, you can do that too. And if you’re worried about losing your coins, you can always take advantage of cold storage.

The app itself is easy to navigate. There are five tabs across the bottom of the screen: Accounts, Wallets, Settings, Help, and About. From here, you’ll find everything you could want to know about how the app works. You can add a password to your account, set up 2FA, enable notifications, change your email address, view your transaction history, and much more.

Customer Service

Uphold is a digital currency exchange that allows people to buy and sell Bitcoin, Ethereum, Litecoin, Ripple, Dash, Dogecoin, Monero, ZCash, Stellar Lumens, NEM, Qtum, IOTA, Bcash, Byteball, and many others. In addition, it offers fiat money deposits and withdrawals.

The company was founded in 2013 and is based in San Francisco, California. Its headquarters are located in the heart of Silicon Valley, just across the street from Apple Inc.

Uphold is committed to providing exceptional customer service. They offer 24/7 customer service via telephone, live chat, and email. Their team members are available to help you with questions about products, account balances, deposits, withdrawals, and anything else related to your experience as an Uphold customer.

Customers can reach out to the company via email at support@uphold.com.

Customer Satisfaction

Uphold is one of many cryptocurrency exchanges that allow customers to deposit money into their accounts. However, some issues arise when trying to withdraw funds from the exchange. This includes the inability to verify customer identities and the lack of an option to verify them before opening an account, according to a recent report published by Coindesk.

The exchange provides several methods for verifying customer information including email address, phone number, government-issued identification card, passport, utility bill, bank statement, etc. However, it appears that none of those options are sufficient enough to satisfy the requirements of the United States Securities Exchange Commission (SEC). The SEC requires that all cryptocurrency exchanges offer a method for verifying customer identities.

Another issue involves the ability to transfer funds out of the exchange. When attempting to do so, users are required to complete the process of identifying themselves via either a selfie or by providing additional forms of documentation such as a driver’s license, social security card, birth certificate, etc. While this might seem like a simple process, users often find that it takes weeks to receive confirmation of their identity.

Account Management

Uphold is an online cryptocurrency exchange that allows you to buy, sell, and trade digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, Dogecoin, Stellar Lumens, and many others. You can use traditional payment methods such as PayPal, debit card, credit card, wire transfer, etc.

The company offers a free account option for those who want to try out the trading experience without having to deposit funds. If you decide to move forward with creating a real profile, however, you’ll need to provide some personal information. This includes things like name, email address, phone number, date of birth, social security number, and proof of residence. You can also choose to link up a bank account and receive money directly into it. Once you’ve done that, you’ll be able to withdraw and deposit funds into your account whenever you’d like.

Once you’re ready to start investing, you can do so either by purchasing Bitcoins or Ethereum coins or swapping one coin for another. In addition to buying crypto assets, you can also sell them. There’s no fee associated with selling your coins, although there is a small transaction fee. Uphold makes it easy to keep track of your trades because they offer a detailed history of every transaction that takes place on the site. You can view the amount of each asset that you purchased, how much you sold, and even see what price you paid for each coin.

Pros Explained

Uphold is one of the oldest cryptocurrency platforms around. Founded in 2013, it’s been growing steadily since then. In 2017 alone, the exchange grew by 2x and now supports over 10 million customers worldwide.

The platform offers both fiat currency deposits and withdrawals, as well as crypto-to-crypto trades. It doesn’t offer margin trading or stop loss limits, though. Fees are competitively low compared to other exchanges.

Uphold is based in New York City and uses the same technology as Coinbase.

Cons Explained

Uphold offers limited access to advanced trading tools such as charts and advanced trading indicators. However, it does offer basic charting and research tools. Trading is done manually, meaning there are no automated trading bots. You must do everything yourself.

How Uphold Compares to Other Cryptocurrency Companies

Uphold is one of the most popular cryptocurrency exchanges around. It allows you to trade over 50 different digital currencies, including Bitcoin, Ethereum, LiteCoin, Ripple, Dash, Monero, Zcash, and many others. You can even purchase altcoins directly with fiat money.

The exchange has been growing steadily since it launched in 2016. It now boasts over $1 billion worth of assets under management. If you want to invest in crypto, Uphold is one of the best options out there.

Here’s a summary of how Uphold compares to other cryptocurrency companies.

Features:

• Over 50 cryptocurrencies available for trading

• Fiat deposits and withdrawals

• Margin trading

• Stop loss orders

• Advanced charting tools

• Trade alerts

• Market depth

• 24/7 customer support

• Mobile app

• API

• Web wallet

• Paper wallet

• Coin storage

Security:

• Two-factor authentication

• Multisig wallets

• Cold storage

• Hardware wallets

• Multi-signature addresses

• Private keys stored locally

• No third-party verification is required

• Customer funds held offline

• Security audits performed regularly

Customer Support:

• Phone support

• Live chat

• Email support

• Forum

• Knowledge base

Mobile Apps:

• iOS

• Android

• Windows

• Mac

Opening an Uphold Account

To open an Uphold Account you must first provide a VALID email address and password. You will need to upload your ID and provide proof of residence. Once verified, you can Deposit Fiat Currency and/or Cryptocurrency into your Uphold Account.

To open an account, you MUST provide a VALID email, which is VERIFIED by SENDING A LINK TO THAT EMAIL ADDRESS.

Identity Verification Includes Providing a Picture of Your Driver’s License or Passport, Along With Other Documents Like Utility Bill.

Once you are verified, You Can Deposit Funds Into Your Account And Trade Cryptocurrencies.

Who Should Use Uphold?

Anyone looking to get involved in cryptocurrencies should consider using Uphold. While this platform isn’t designed specifically for beginners, anyone can sign up and begin making purchases. Uphold is a peer-to-peer electronic currency transfer service. Users send money directly to friends or family members anywhere in the world. You don’t need to provide any personal information such as email address or phone number. All transactions are done in real-time and free of charge.

In addition to being beginner-friendly, Uphold is also relatively simple to use. For example, you don’t have to download any software or apps to make transactions. Instead, all you need to do is visit the website and follow the instructions.

Another reason why Uphold is great for new investors is that it doesn’t charge fees. The only thing you pay when you first open an account is a small verification fee. After that, you won’t incur any additional charges. If these things are right up your alley, then you might want to consider Uphold as your exchange of choice.