In this comprehensive guide, we have thoroughly outlined Uphold's entire Trading Fees Structure. We aim to give you a complete understanding of all associated fees, from exchange fees and trading fees to deposit and withdrawal fees. Keep reading and discover how competitive Uphold's fees really are!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Uphold supports trading for over 300 cryptocurrencies including well known ones such as BTC, ETH, SOL, ATOM, DOT, ADA in addition to traditional fiat currencies, and commodities like gold and silver.
Uphold cryptocurrencies
Its unique "Anything-to-Anything" trading feature allows users to convert between different asset classes in a single transaction.
Now that we have covered the basics of the products and services offered by Uphold, let's continue by having a closer look at the fees that are charged for using them.
Uphold Trading Fees
Uphold charges a spread every time a trade is made on it's platform. A spread is simply the difference between the buying and selling price of an asset.
Uphold App
Uphold ensures that the price you see before you trade is the exact price you pay when you execute the trade with no hidden fees added.
Like most trading platforms, Uphold displays the current mid-market price on its charts. However when a trade is executed, users receive the current bid or ask price, depending on whether they're buying or selling.
Uphold Spread fees
For cryptocurrencies, the spread is typically 1.5% on Bitcoin and Ethereum in the U.S., U.K., and Europe. In other parts of the world, the spread on these major cryptocurrencies is typically around 1.8%.
The spreads can also be wider for certain low-liquidity assets. It's recommended that users check rates at the preview stage before trading.
Uphold Transaction fees
Besides the spread that Uphold charges when people buy and sell cryptocurrencies, there is also a transaction fee (or spread) when people convert between different fiat. currencies.
Uphold typically charges a spread of 0.2% when people convert between for example EUR to USD or vice versa.
Below are also the transaction fees, or exchange fees, that Uphold charges when a customer buy/converts between different currencies and commodities:
For users who funds their Uphold account via bank transfer, cryptocurrencies or by depositing from another Uphold account, there are no deposit fees.
A deposit fee of 3.99% is however charged when users deposit fiat currencies with their credit cards, and 3.49% is charged for those using their debit card.
Uphold Withdrawal Fees
For users that wish to withdraw their fees from Uphold, there is a fixed crypto withdrawal fee of $2.99 irrespective of the crypto asset being withdrawn.
For those that wish to withdraw their fiat currencies, they will have to pay a withdrawal fee of $3.99 for the bank transfer fee.
These are very steep fees and much higher than most other cryptocurrency exchange or brokers.
Uphold Credit Card Fees
The credit card fees to deposit funds on Uphold are as mentioned above 3.99% for each deposit that is made.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
