Uphold – Get £50 cashback for transferring crypto
- Time needed
- 15 minutes
- Deposit
- £100
Uphold is a crypto and investing platform that’s currently rewarding new UK users for transferring crypto from another exchange into their account. The lowest tier pays £50 cashback when you transfer £100+ worth of crypto and leave it on the platform for 90 days.
How to claim your £50
- 1
Sign up here and create a new Uphold account (existing Uphold users do not qualify).
- 2
Complete the identity verification checks and open your account.
- 3
Buy £100+ worth of crypto on another exchange such as Kraken or Coinbase UK. Many users are opting for stablecoins such as USDC to reduce volatility.
- 4
Transfer the crypto into your Uphold account using the correct deposit network/address. Network transfer fees are usually low (often under £1 on networks such as Polygon or Base), but it may be worth sending slightly over £100 to ensure you remain above the qualifying threshold after fees.
- 5
Leave the crypto on Uphold for 90 days to remain eligible for the cashback reward. There may also be small spreads or selling fees if you later convert the crypto back into GBP.
- 6
Receive £50 cashback after the holding period ends. Higher reward tiers are available for larger transfers, although crypto is a highly volatile asset and values can move significantly during the holding period.
💡 The reward is only available on your first transfer into Uphold and rewards are capped globally, so there is a chance the promotion may end once the cashback pool has been exhausted.
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Uphold FAQs
What is Uphold?
Uphold is a crypto and investing platform that allows users to buy, sell, hold and transfer cryptocurrencies and other assets. It’s available in the UK and offers features such as crypto trading, staking and international transfers.
Is Uphold legit and safe to use?
Uphold is a well-known platform operating in multiple countries and requires identity verification for UK users. As with any crypto platform, there are still risks involved and cryptoassets are highly volatile.
How does the Uphold crypto transfer offer work?
New UK users can earn cashback by transferring crypto from another exchange into their new Uphold account. The amount you earn depends on the value of the first qualifying transfer you make.
What crypto should I transfer to qualify for the cashback?
Many users may choose stablecoins such as USDC as their value is designed to stay close to the US dollar, helping reduce volatility during the 90-day holding period. However, any supported qualifying crypto should work.
Are there any fees involved with the transfer?
Yes — there may be small buying fees, spreads and blockchain network transfer fees depending on the exchange and network used. Many users are reporting low fees when using networks such as Polygon or Base, often under £1. There may also be fees or spreads when converting the crypto back into GBP later.
What happens if the crypto value drops during the holding period?
Crypto is a highly volatile asset, meaning the value of your holdings can rise or fall significantly during the 90-day hold. You should only participate if you understand and are comfortable with the risks involved.
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