What is Uphold Exchange?
Uphold is a cloud-based financial service platform that allows users to trade and hold various assets including cryptocurrencies, national currencies, precious metals, and other commodities. Founded in 2014 under the name Bitreserve, Uphold has grown to become a popular choice for both beginners and experienced traders in the digital asset space.
Unlike traditional cryptocurrency exchanges, Uphold offers a unique "Anything-to-Anything" trading experience, allowing direct transactions between different asset classes without needing to first convert to a major cryptocurrency like Bitcoin or Ethereum. This innovative approach, combined with transparent pricing and competitive fees, has made Uphold a compelling option in the crowded digital exchange market.
Key Features of Uphold
Assets Available on Uphold
Uphold supports a wide range of assets across multiple categories:
| Asset Type | Examples | Number Available |
|---|---|---|
| Cryptocurrencies | Bitcoin, Ethereum, XRP, Dogecoin | 100+ |
| National Currencies | USD, EUR, GBP, JPY | 30+ |
| Precious Metals | Gold, Silver, Platinum, Palladium | 4 |
| U.S. Equities | Apple, Tesla, Amazon, Google | 50+ |
Uphold Fee Structure
Uphold employs a transparent fee structure with no deposit or withdrawal fees for most transactions. The platform primarily makes money through the spread between buy and sell prices. The spread varies by asset but typically ranges from 0.8% to 1.2% for cryptocurrencies and 0.2% to 0.4% for major currency pairs.
Unlike many exchanges, Uphold does not charge:
- Account maintenance fees
- Deposit fees (varies by method)
- Withdrawal fees for most methods
- Inactivity fees
Getting Started with Uphold
Creating an account on Uphold is straightforward:
- Visit the Uphold website or download the mobile app
- Provide your email address and create a secure password
- Verify your email address through the confirmation link
- Complete the KYC (Know Your Customer) process by providing identification documents
- Set up two-factor authentication for added security
- Deposit funds using your preferred method
- Start trading assets on the platform