Uphold is a popular multi-asset trading platform that has steadily grown to become a trusted choice for cryptocurrency enthusiasts and investors seeking to manage diverse asset portfolios. As of 2025, Uphold offers users the ability to trade cryptocurrencies, fiat currencies, precious metals, and even commodities all within one platform.
In this comprehensive review, we explore the key features that define Uphold, its benefits, security measures, limitations, and considerations to help you determine if it fits your trading and investment needs.
One of Uphold's standout features is its seamless multi-asset trading capability. Users can instantly convert between over 300 supported assets, including popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as fiat currencies like USD, EUR, and GBP, plus precious metals such as gold and silver.
This unique ability to trade directly across different asset classes eliminates the need for intermediate conversions, saving both time and fees. For example, converting Ethereum directly to gold is possible without converting to USD first.
Uphold prides itself on transparency. The platform maintains a ≥100% reserve ratio, meaning all customer funds are fully backed. This is verified with real-time proof of reserves published on their website multiple times every hour.
This transparency builds trust by assuring users that their assets are fully collateralized and safeguarded.
Designed to cater to both beginners and experienced traders, Uphold offers an intuitive, clean, and easy-to-navigate interface accessible via desktop browsers and mobile apps for iOS and Android. The dashboard provides quick access to portfolio balances, transaction history, and trading options.
Security is a top priority at Uphold. The platform implements strong security protocols including mandatory two-factor authentication (2FA), biometric login options, and cold storage of digital assets.
Moreover, Uphold undergoes regular third-party audits to ensure compliance with industry security standards and regulatory requirements, reinforcing the safety of users’ funds.
Uphold also offers interest-bearing accounts for USD deposits, providing users with a way to earn competitive yields on their idle funds. These deposits are FDIC insured up to $2.5 million, adding an extra layer of financial protection.
Compared to many competitors, Uphold’s fees can be higher, with altcoin trades costing between 1.9% and 2.95%. Active traders or those seeking low-cost trading may find these fees less competitive.
While Uphold is user-friendly, it lacks advanced trading features such as order books, stop-loss orders, margin trading, or futures. This makes it less suitable for professional traders requiring more sophisticated tools.
Some users report delays or limited responses from Uphold’s customer support, especially during peak periods. Faster, more comprehensive support could enhance the user experience.
Due to evolving regulatory environments, Uphold has ceased operations in certain regions, such as Canada, and may impose restrictions on some accounts. Always check availability in your jurisdiction before signing up.
Security is integral to Uphold’s service. Mandatory 2FA and biometric options help prevent unauthorized access. The platform keeps the majority of digital assets in cold storage, reducing exposure to hacking risks.
Regular independent audits verify the platform's compliance with financial and security regulations, providing users with confidence in Uphold’s trustworthiness.
Uphold is a versatile, secure, and transparent platform ideal for beginners and casual traders who want a one-stop solution to manage various asset types. Its ability to trade directly across asset classes is a distinct advantage, offering flexibility that many exchanges lack.
However, users looking for advanced trading capabilities or lower fees may want to consider specialized crypto exchanges. Additionally, the platform’s customer support and regional restrictions should be taken into account when deciding if Uphold fits your needs.
Overall, Uphold’s transparency, security, and broad asset offering make it a reliable option for diversified digital asset management in 2025.