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Uphold Wallet Review – Features, Fees, Pros & Cons

Created in 2015, Uphold is a digital money transaction platform used by users from more than 180 countries.

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Uphold is a cloud-based platform that enables users to store, buy and convert various assets. It offers it services in over 100 countries. It is one of the most trusted cryptocurrency wallets and many people seem to prefer it over others.

However, the big question is, should it or should it not be your go-to cryptocurrency platform? Let’s find out in the article.

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    What is Uphold Wallet?

    Launched in 2015 with its headquarters in the United States, Uphold is a digital money transaction platform used by users from more than 180 countries. The platform supports over 30 fiat and cryptocurrencies. It is also packaged with high compatibility with iOS 9.0 and later versions, Android 4.1 and up, and Web browsers.

    The User-friendly layout makes it easy for users to store assets, send funds globally and more importantly exchange currencies.

    What wallet type is Uphold?

    • Multi-currency
    • Phone and desktop wallet
    • Non-custodial

    What fees does Uphold wallet have?

    While signing up with Uphold does not cost any fees, transactions like deposit, withdrawal, and conversions attract fees. This fee may vary depending on the transaction method, limit and kind of transaction. Below are the fees charged for deposits, withdrawals and conversions.

    Deposit Fees and Limits

    Method Used Limit Fee Charged
    Debit/credit card Minimum of $50/€50/£50 per day and maximum of $500/€500/£500 per day 3.99%
    Bank transfer (ACH) Minimum of $50 per day and maximum of $500 per day Free
    Bank transfer (SEPA) Minimum: €75/£100 per transaction Free
    Bitcoin (BTC) None Free
    Litecoin (LTC) None Free
    Ethereum (ETH) None Free
    Basic Attention Token (BAT) None Free
    Bitcoin Cash (BCH) None Free
    Dash (DASH) None Free
    Bitcoin Gold (BTG) None Free
    Ripple (XRP) None Free


    Withdrawal fees and limits on Uphold

    Withdrawal method Fee Limit
    Debit/credit card
    Bank transfer (ACH) $3.99 flat rate Minimum:




    Bank transfer (SEPA) $3.99 flat rate Minimum: €10/£20 per day

    Maximum: €50,000/£50,000 per day

    Bitcoin (BTC) 0.0003 BTC plus $2.99 flat rate Minimum: 0.00001 BTC
    Litecoin (LTC) 0.003 LTC plus $2.99 flat rate Minimum: 0.25 LTC
    Ethereum (ETH) 0.005 ETH plus $2.99 flat rate Minimum: 0.001 ETH
    Basic Attention Token (BAT) 10 BAT plus $2.99 flat rate
    Bitcoin Cash (BCH) 0.0003 BCH plus $2.99 flat rate Minimum: 0.00001 BCH
    Dash (DASH) 0.0003 DASH plus $2.99 flat rate

    (Dash InstantSend transactions have a 0.001 DASH fee)

    Minimum: 0.0001 DASH
    Bitcoin Gold (BTG) 0.0003 BTG plus $2.99 flat rate Minimum: 0.0001 BTG
    Ripple (XRP) 0.1 XRP plus $2.99 flat rate Minimum: 0.001 XRP


    Conversion fees on Uphold

    Currency Fee
    USD, GBP, EUR 0.65%
    PHP, PLN, AED, ARS, BRL 1.15%
    CNY, INR 1.4%
    BTC 1.05%
    ETH, LTC, BCH, XRP 1.4%
    BAT, BTG 1.95%
    DASH 1.25%
    Precious metals XAU (2.05%) ; XPT (3.95%)

    XPD (3.05%) ; XAG (3.65%)

    How to open your Uphold Wallet account

    Before starting to use the wallet you have  to open it first,. Here is a detailed guide to help you through:

    Step 1

    The first step to opening your Uphold Wallet is to visit the official Uphold website and install the Uphold Wallet.

    Step 2

    On your device, Open the Uphold Wallet app and provide your email address, and choose the type of account, “as an Individual” or “Business.”

    Also, set a strong password which you can remember easily.

    Uphold Wallet Signup

    Step 3

    Fill in the personal details requested for, like full name, username, date of birth, state of residence among others.

    Uphold Wallet Account Creation

    Step 4

    A confirmation email will then be sent to the email you provided and a code to your phone.

    Step 5

    For added security, complete your Two-Factor Authentication.

    After this step. Your Account will be ready for use.

    How do I add cryptocurrencies to Uphold Wallet?

    To start using the wallet, you will need to master your way through various operations like how to add cryptocurrencies. While the procedure for doing this may be the same for all the transactions, the funding options available may be different depending on your state of residence. The funding options include cryptocurrency transfer, bank transfer, credit/debit card deposit. Here’s a guide on how to add cryptocurrencies on your Uphold Wallet.

    Step 1

    Launch the Uphold Wallet app.

    Step 2

    Using the Log-in details provided at the signup stage, sign in to your account.

    Uphold Wallet Login

    Step 3

    Make a selection of the money card you intend to use, then “Add Funds.”

    Uphold Wallet Deposit


    Step 4

    Next, click on “Fund with cryptocurrency.”

    Step 5

    Choose which cryptocurrency you wish to send.

    Step 6

    The next step can be executed in two different ways: you can copy your Uphold wallet address, or you can scan the QR code

    These details are useful when you want to initiate the fund’s transfer from an external wallet.

    How to send payments on Uphold wallet?

    The other essential operation in Uphold wallet that you need to be conversant with besides adding cryptocurrencies is sending payments.

    Step 1

    Open the Uphold app on your device.

    Step 2

    Select the Uphold Money card you wish to use then click on the “Use Funds” button.

    Uphold Wallet Add Funds


    Step 3

    Choose the “Send to Cryptocurrency address” option.

    Step 4

    Next, give the destination address, which is the address of the wallet to which you are sending the funds.

    Step 5

    Enter the amount you intend to send. Also, choose the currency in which the funds should be sent.

    Step 6

    Lastly, check that everything is as you want it, including the amount and the address then execute the payment by clicking “confirm”.

    How do I receive payments on Uphold wallet?

    The next thing to know is how to receive funds in Uphold. This is another vital operation in Uphold. Follow these steps to do so.


    Select the “Deposit” option on the Menu.

    Step 2

    Choose the destination currency.

    Step 3

    If you have more than one card, select the one you would like to use.

    Uphold Wallet Home

    Step 4

    Tap “Crypto wallet” then select the cryptocurrency of your choice. Ensure that the currency you choose is the same type as the sender’s crypto wallet.

    Step 5

    Click on ”Preview deposit,” which will enable you to view and confirm the transaction details.

    How safe is an Uphold Wallet?

    Crypto Wallet Security

    Here are the security features that the wallet offers users:

    2-factor authentication

    This feature enables you to set up an extra security procedure on your account besides the basic password. You can set this when you are installing the wallet app or you can go to the security settings.


    Firstly, Uphold operates within the global anti-money laundering controls, which is used by all regulated financial service providers. In addition to that, it is regulated by FinCEN, the United States Treasury Department regulator. It has also partnered with an Authorized Payment Institution regulated by the United Kingdom Conduct Authority.


    Uphold encrypts its customers’ private keys and this helps prevent hacking.

    24/7 monitoring

    Uphold has a Security Operation Center that monitors all the activities on the platform 24/7. This operation center detects and flags any suspicious activities on the platform.

    Team Security

    Besides the customers, Uphold staff is also required to adhere to security protocols and that includes using a 2-factor authentication process in all the administrative accounts.

    All these features ensure that customers’ funds and data are safe. However, additional certification like FCA and CySEC would have added security. A good example of a high-security wallet that is certified with both FCA and CySEC is the eToro wallet. It ensures maximum safety of customer’s funds and information.

    Uphold Wallet Pros & Cons


    • Supports multiple cryptos, fiat currencies, and precious metals
    • Easy to set up and use
    • Mobile apps also available
    • Supports two-factor authentication


    • Paypal not supported
    • It does not allow the option of operating anonymously

    Uphold Wallet vs. other wallets – how does it compare?

    EtoroUphold wallet vs. eToro

    • User Friendliness

    eToro offers one of the friendliest interfaces on the market. It is very easy to sign up on it and buying, selling and storing crypto on the wallet could not be any easier.

    • Copy Trading

    The eToro wallet is associated with a trading platform as well, which has a copy trading option. This means that whilst trading, you will be able to place the same trades as professional traders, which is a great help if you are a beginner.

    • 2 Factor Authentication

    For security reasons, eToro has a 2 factor authentication in place. This prevents all sorts of security dangers, such as hacking attacks.

    CoinbaseUphold wallet vs. Coinbase

    Unlike Coinbase, Uphold has an exchange and wallet service. However, Uphold is one of the most pricey wallets and its fees are way higher than that of Coinbase.

    • Verification process

    Coinbase also has an easier verification process, and its website layout is more professional. It also provides educational websites, mostly videos, which are not available on Uphold.

    • Copy feature

    The most outstanding feature in Coinbase which is not in Uphold and most wallets is the copy feature, which enables new traders to see how successful people on the platform do their trades.

    Atomic WalletUphold wallet vs. Atomic wallet

    • Security

    Compared to Atomic wallet, Uphold seems to have more security measures, including regulation and 2-factor authentication. For this reason, it could be safe to say that customer’s funds and information are safer in Uphold than in Atomic wallet.

    • Mobile phone app

    Additionally, the fact that Uphold has a mobile phone app which is not available with Atomic wallet gives it the upper hand.

    • Pricing

    Atomic wallet, on the other hand, supports a wider range of cryptocurrencies. Its fee is also more economical than that of Uphold wallet. The atomic wallet also has a the mnemonic seed phrase, which enables users to recreate or recover the wallet in case the PC crashes or in case of theft.


    While all the listed wallets have their pros, eToro’s upsides stand to be weightier. Compared to the other wallets, its fee is the lowest. It has the best security measures, and it is highly certified.

    This goes a long way in ensuring the customers’ funds are safe and easily accessible. We recommend both Uphold and eToro.

    Read more:


    In which countries does Uphold offer bank account funding and withdrawals?

    Uphold does not offer direct bank account funding and withdrawals to all countries. See the list below to confirm the countries in which the transactions are offered. • Austria Belgium • Bulgaria • Croatia • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Iceland • Ireland • Italy • Latvia • Liechtenstein • Lithuania • Luxembourg • Malta • Monaco • Netherlands • Norway • Poland • Portugal • Romania • San Marino • Slovakia • Slovenia • Spain • Sweden • Switzerland • United • United Kingdom

    Why is my transaction pending?

    All transactions have to first be confirmed on blockchain network before they are first completed. Until then, the status of the transaction will be pending. To find out if your transaction is already confirmed on the network, select the transaction in question, then click on the link Blockchain Transaction ID.

    How can I increase my deposit limit?

    Increasing deposit limit on Uphold is a process that requires you to first make an application. You need to fill out this form From this application, Uphold team will collect additional information about you which will enable them to either decline or approve the request. After which you can increase your limit from the usual $500/day.

    How do I find my cryptocurrency address?

    Regardless of how many money cards you have in your account, each of them has a cryptocurrency address. Simply go to your Dashboard, choose the card you want to add money to, click the Add Funds tab, then choose Fund with Cryptocurrency or Utility Token. Lastly, choose the currency to send money from.

    Why can’t I link my USA bank account?

    Among the accounts that you can link to Uphold account is US-based accounts and if your account does not link, here are some of the factors that could be causing that: A mismatch between name and address. Sometimes, users get confused and mismatch the name and the address. For your account to link, the name and address you provide have to match that on your ID meticulously. The bank does not participate in external bank verification processes. It is vital to ensure that your bank participates in the external verification process. If not, you will have to contact the Uphold team to verify the account manually. In such instances, your latest bank statement will be required. Sometimes, a three-way call may be required.

    How can I ensure my account is highly secure?

    Create a strong password: The first step to ensuring that your account is secure is creating a strong password. Uphold also enforce strict password rules to ensure that the passwords are kept as private as they should be. Use two-factor authentication: Besides the basic password, Uphold also provides an option of using two-factor authentication. If you enforce this measure, you will receive a pin code every time you log in, and you cannot access the services unless you enter the code into the system. This comes in handy in case your password has been compromised or stolen. Upgrade to verified membership Being a verified member ensures that your transactions are private and safe from bad actors. Besides the added security, verified membership also provides cost-saving benefits.

    How can I get an API key?

    There are two ways in which partners can get an API key, and they are: 1. Click on Applications in the setting area 2. Register new application 3. You will then receive a Client ID and Secret which can be used to generate authorization tokens. OR Generate a PAT (Personal Access Token) by making a call to API. This will give you access to your own Uphold account.

    How are prices of precious metals quoted on Uphold?

    Uphold retrieves all the precious metals rates from Gold Bullion International, which is Uphold’s Gold provider.

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