{"id":17328,"date":"2024-06-30T22:36:14","date_gmt":"2024-07-01T02:36:14","guid":{"rendered":"https:\/\/coincentral.com\/?p=17328"},"modified":"2024-07-01T17:36:34","modified_gmt":"2024-07-01T21:36:34","slug":"uphold-exchange-review","status":"publish","type":"post","link":"https:\/\/coincentral.com\/uphold-exchange-review\/","title":{"rendered":"Uphold Exchange Review: Can You Trust Uphold with Your Crypto? (Updated 2024)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Uphold has developed a unique exchange for trading both digital and physical assets since its official launch in 2015. It\u2019s one of the few crypto exchanges that also supports commodity and forex trading. It\u2019s also one of the first financial service companies to share its reserve holdings in real-time publicly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our Uphold review explores everything you need to know about the company\u2019s history, the exchange\u2019s utility, how to best use the exchange, a signup bonus, and more.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Uphold Exchange Key Information<\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 55.065%; height: 240px;\">\n<tbody>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Project Type<\/td>\n<td style=\"width: 24.4782%; height: 24px;\">Cryptocurrency Exchange<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Beginner Friendly<\/td>\n<td style=\"width: 24.4782%; height: 24px;\"><span style=\"color: #339966;\"><strong>Yes<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Mobile App<\/td>\n<td style=\"width: 24.4782%; height: 24px;\"><span style=\"color: #339966;\"><strong>Yes<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Company Location<\/td>\n<td style=\"width: 24.4782%; height: 24px;\">United States<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Availability<\/td>\n<td style=\"width: 24.4782%; height: 24px;\">184+ countries, 30+ currencies<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Company Launch<\/td>\n<td style=\"width: 24.4782%; height: 24px;\">2015<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Cryptocurrencies Supported<\/td>\n<td style=\"width: 24.4782%; height: 24px;\">250+<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Fees<\/td>\n<td style=\"width: 24.4782%; height: 24px;\">Above Average<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Community Trust<\/td>\n<td style=\"width: 24.4782%; height: 24px;\">Great<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 23.9499%; height: 24px;\">Site<\/td>\n<td style=\"width: 24.4782%; height: 24px;\"><a href=\"https:\/\/uphold.sjv.io\/oezG3E\">Visit Uphold<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span style=\"font-weight: 400;\">About the Uphold Company: Diving into the Cryptocurrency Exchange\u2019s History<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Launched in 2014 under the name Bitreserve as a Bitcoin trading platform, <\/span><a href=\"https:\/\/uphold.sjv.io\/oezG3E\"><span style=\"font-weight: 400;\">Uphold<\/span><\/a><span style=\"font-weight: 400;\"> has established its reputation as a scandal-free functional exchange through multiple bull and bear cycles. It shares this standing with exchanges like Kraken (founded 2011), Coinbase (founded 2012), and Gemini (founded 2015).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Uphold is a relatively lesser-known exchange compared to its graduating class, which strikes us as strange given the resume of its founder, Halsey Minor.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/halseyminor?lang=en\"><span style=\"font-weight: 400;\">Halsey Minor<\/span><\/a><span style=\"font-weight: 400;\"> is best known for also founding CNET, an early blog covering computers and software largely considered a pioneer in profitable blogging. Between 1995 and 2000, CNET was one of the top fifteen largest websites in the world based on traffic and generated billions of dollars in revenue. Minor is also credited with foundering or co-founder companies such as Salesforce, Google Voice, OpenDNS, E! Online, NBCi, and Vignette.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to Uphold, Minor launched cryptocurrency companies like Live Planet and Vivid Labs, both of which involve tokenizing computing power, video, and NFTs. We interviewed Minor in 2018 about Live Planet and his thoughts on cryptocurrency.<\/span><\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/ZjykrVxwOZA\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Minor is no longer with Uphold in an employment capacity today; the current CEO is <\/span><span style=\"font-weight: 400;\">Simon McLoughlin<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uphold currently boasts over 10 million users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company is based in 80 East Sir Francis Drake Blvd., Ste. 3D, Larkspur, CA, north of San Francisco. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">About the Uphold Exchange<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Uphold website exchange interface offers a clean, minimalistic UI\u2013 closer to the simplicity one would expect from Coinbase and less so from the more complex trading screens on Kraken.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uphold excels from the cryptocurrency exchange pack in that <\/span><b>it also offers four commodities: <\/b><span style=\"font-weight: 400;\">precious metals: <\/span><span style=\"font-weight: 400;\">Gold (XAU), Platinum (XPT), Palladium (XPD), and Silver (XAG).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users can trade over 250+ cryptocurrencies.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/uphold.sjv.io\/oezG3E\"><b>Uphold sign-up bonus: Uphold currently offers a $50 BTC sign-up bonus when you trade at least $600.\u00a0<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Uphold\u2019s mobile app is available on both Android and iOS. Out of over 4,300 reviews on the Apple App Store, Uphold has a rating of 3.6 stars. The Uphold app is rated 4.2 stars with 15,260 reviews on Google Play.\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-24833\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM.png\" alt=\"\" width=\"1178\" height=\"606\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM.png 1178w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM-591x304.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM-621x319.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM-300x154.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM-1024x527.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM-131x67.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM-768x395.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.51-PM-600x309.png 600w\" sizes=\"(max-width: 1178px) 100vw, 1178px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">Uphold Fees: Deposits, Trades, Withdrawals<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Since Uphold supports all sorts of fiat and cryptocurrency options, its fee structure can be complex for newer traders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Opening an account and holding funds on Uphold is free. It\u2019s also free to fund an Uphold by depositing cryptocurrency or from another Uphold account. This means that all member-to-member transactions are free.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uphold also doesn\u2019t charge any fees for bank deposits or withdrawals for U.S. users using ACH.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Debit cards come with a 2.49% fee, and credit cards have a 3.99% fee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uphold makes money on the spread (difference between the bid and ask) on transactions\u2013 it claims its spread is typically between 0.8% to 1.2% on BTC and ETH. The spread can be higher for lower-liquidity cryptocurrencies\u2013 Uphold urges users to check rates at the Preview confirmation screen before trading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Spreads for other trading assets and commodities range from 0.65% to 3.95%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Precious metals are a 3% spread, in addition to the bid-ask spread charged by Uphold\u2019s supplier.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fiat currency trading comes with a 0.2% spread.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is a $1 transaction fee when the amount transacted is under $1.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uphold\u2019s debit card comes with a $9.95 one-time fee, and each withdrawal costs $2.50.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A complete updated list of Uphold\u2019s fees can be found on its <\/span><a href=\"https:\/\/uphold.com\/get-started\/service-fees\"><span style=\"font-weight: 400;\">fee page<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Uphold Competition and Alternatives<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Uphold is considered one of the <\/span><a href=\"https:\/\/coincentral.com\/best-ways-to-buy-crypto\/\"><span style=\"font-weight: 400;\">top ways to buy cryptocurrency<\/span><\/a><span style=\"font-weight: 400;\">, but there are always other options for various desires:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maybe you prefer a different fee structure? Coinbase, <a href=\"https:\/\/kraken.pxf.io\/5gbWRD\">Kraken<\/a>, and <a href=\"https:\/\/gemini.sjv.io\/MaO0K\">Gemini<\/a> all offer comparable fee structures and are typically a hair under those of Uphold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You may want a different mobile trading experience. <a href=\"http:\/\/robinhood.c3me6x.net\/6bGPKG\">Robinhood<\/a> offers a clean mobile trading experience, albeit with higher costs per trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maybe you just fear hot air balloons, and Uphold\u2019s logo terrifies you. Whatever you do, do not look up the hot air balloon festival in Cappadocia, Turkey.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How Do I Open an Account on Uphold?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Begin by <a href=\"https:\/\/uphold.sjv.io\/oezG3E\">visiting the Uphold website<\/a>.\u00a0 Snag that $50 in BTC bonus when you trade at least $600\u2013 if you want.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Creating an account is a seamless experience and takes less than fifteen clicks from registration to purchase for individuals. You must go through the standard KYC and AML identity verification processes, such as submitting your ID.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can also open a business account on Uphold, a unique offering, as most popular cryptocurrency exchanges only focus on individuals. However, creating a business account may take longer, requiring a more substantial verification process.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Security: Is Uphold Safe?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Overall, Uphold has a strong security track record, and its users are content with the security of the service. The exchange checks all the boxes you\u2019d expect for a modern and compliant cryptocurrency exchange:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Two-factor authentication (2FA) is the default for all accounts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It has a bug bounty program<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It claims 90% of cryptocurrency is kept offline in cold storage<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">One minor security incident in November 2018 saw Uphold temporarily suspend BTC withdrawals\u2013 a third-party mail account was compromised, not Uphold\u2019s existing inbound mail system;\u00a0 hackers tricked users by sending a phishing email that said anyone could send between 0.1 and 50 BTC to a specified address and get back 15 percent more. The hackers made away with just $2,200 from two transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Security is a paramount concern for cryptocurrency exchanges.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regarding a 2018 QuadrigaCX exchange scandal, where the founder Gerald Cotton allegedly died with private keys to $190 million, prior UpHold CEO JP Thieriot commented:<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cWhile it\u2019s certainly suspicious that an exchange would allow one man to hold $190 million, we can\u2019t be sure that this was not the case. With all due sensitivity to the situation, an exchange\u2019s cold storage being vulnerable in this way is bound to invite speculation of malfeasance. A fact pattern including $22m in frozen funds by the CIBC is also not encouraging.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Unfortunately, schemes like this are not new to the space, and continue to tarnish the reputation of exchanges, and discourage new investors. If we want to make the leap to the mass market, we have to take steps to prevent issues like these from becoming commonplace.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Universal Protocol has alluded to the systemic problem by offering recoverability of private keys, though we never contemplated an event of this scale. While this may be potentially bullish for BTC, the bigger focus is on how these events impact the industry in the long run as we collectively aim for mass adoption.\u201d<\/span><\/i><\/p>\n<h2><span style=\"font-weight: 400;\">Can You Trust Uphold?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Uphold has a very catchy tagline in the wake of cryptocurrency industry chaos\u2026 <\/span><i><span style=\"font-weight: 400;\">Sometimes boring is better\u2026<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Uphold claims that its funds have always been and always will be 100% reserved, and it never lends out your cryptocurrency, so it\u2019s always available to withdraw.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, instead of publicly lying about the safety of its assets <\/span><i><span style=\"font-weight: 400;\">*cough* Alex Mashinsky. Celsius Network *cough* <\/span><\/i><span style=\"font-weight: 400;\">Uphold publishes its reserve status live.\u00a0<\/span><\/p>\n<figure id=\"attachment_24831\" aria-describedby=\"caption-attachment-24831\" style=\"width: 835px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-24831\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM.png\" alt=\"Uphold's reserve status (as of 4\/6\/2023)\" width=\"835\" height=\"319\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM.png 1120w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM-591x226.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM-621x237.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM-300x115.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM-1024x391.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM-131x50.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM-768x293.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.33.56-PM-600x229.png 600w\" sizes=\"(max-width: 835px) 100vw, 835px\" \/><figcaption id=\"caption-attachment-24831\" class=\"wp-caption-text\">Uphold&#8217;s reserve status (as of 4\/6\/2023)<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Anyone can see all of Uphold\u2019s assets, obligations, transaction volume, and number of transactions on <\/span><a href=\"https:\/\/uphold.com\/en-us\/transparency\"><span style=\"font-weight: 400;\">Uphold\u2019s site<\/span><\/a><span style=\"font-weight: 400;\">\u2013 updated live.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-24830\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM.png\" alt=\"\" width=\"667\" height=\"422\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM.png 2024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-591x374.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-621x393.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-300x190.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-1024x648.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-131x84.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-768x486.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-1536x971.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.08-PM-600x379.png 600w\" sizes=\"(max-width: 667px) 100vw, 667px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The transparency section of the site highlights different views in several asset tiers and various fiat holdings.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24829 aligncenter\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM.png\" alt=\"Uphold's reserve status (as of 4\/6\/2023)\" width=\"643\" height=\"333\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM.png 1846w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-591x306.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-621x322.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-300x155.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-1024x530.png 1024w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-131x68.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-768x398.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-1536x795.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2023\/04\/Screen-Shot-2023-04-06-at-1.34.17-PM-600x311.png 600w\" sizes=\"(max-width: 643px) 100vw, 643px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">Uphold Fiat Currency Options and Trading Limitations<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The exchange supports 28 fiat currencies. This is an area where Uphold excels over the vast majority of exchanges. Most major fiat-to-crypto exchanges don\u2019t support currencies outside of USD, EUR, GBP, and CNY.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also supports over 250+ cryptocurrencies, including BTC, ETH, DASH, LBA, LTC, BAT, BCH, BTG and XRP.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An early Uphold innovation was the innovative things about Uphold: the ability to use email to send Bitcoin (BTC) to people in over 150 countries\u2013 a feature launched in 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Access is available in every nation except for the Central African Republic, Cuba, Iran, Libya, North Korea, Somalia, Sudan, and Syria.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uphold requires the standard AML and KYC verification processes to use the exchange. During <\/span><a href=\"https:\/\/support.uphold.com\/hc\/en-us\/articles\/202766795\"><span style=\"font-weight: 400;\">registration<\/span><\/a><span style=\"font-weight: 400;\">, the exchange collects info like date of birth and phone number. To become a verified member, you need to provide the following three items: current residential address, government-issued ID (passport, national ID card or driver\u2019s license), and a clear photo of your face.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Customer Service Experiences<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Uphold boasts an overall rating that is generally better than many exchanges, according to third-party review sites like TrustPilot.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Uphold excels in many areas, the negative reviews mostly focus on issues related to customer service requests. Account locks after filling out verification information or depositing funds appear to be common. Some users have reported that they have talked with multiple customer service representatives over periods of days or weeks and have not been able to resolve their issues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, many complaints listed in reviews are unfair. For example, some users gave bad reviews for long and\/or inconsistent ACH transfer wait times. For the most part, this issue is outside of the control of Uphold or any other exchange.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In most scenarios, this has more to do with the processing capabilities of an individual\u2019s bank.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Uphold Staking Updates<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Uphold offers its staking program everywhere it operates except the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The exchange suspended its staking services in the United States following SEC guidance\u2013 similarly, exchanges like Coinbase, Kraken, and Gemini were beckoned to do the same.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SEC considered Staking-as-a-Service providers as offering securities, which is a notion currently being challenged in courts. As per proof-of-stake blockchain programming, staking essentially helps validate transactions and secure a blockchain network\u2013 which is different from the context implied by offering securities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, rules are rules, and Uphold is playing ball.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the argument is successfully challenged, uphold plans to reintroduce staking in the United States.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uphold does offer its crypto-staking service everywhere else in the world. It offers ten popular staking-enabled cryptocurrencies, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ethereum (ETH)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cardano (ADA)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Polkadot (DOT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Solana (SOL)<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Final Thoughts: Is Uphold Legit<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Overall, Uphold boasts some features that should qualify it as a top exchange choice for any beginner to intermediate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The exchange\u2019s history since 2014 has so far been anticlimactic, which is an excellent quality in an industry still dazed by the likes of FTX, Celsius Network, Voyager, and BlockFi.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it\u2019s worth noting that Uphold, like all other centralized exchanges, takes custody of your private keys and assets, which is one significant layer of control away from being fully decentralized and in control of your funds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By most cryptocurrency exchange grading systems, Uphold is a perfectly good (thankfully, boring) exchange that is running in accordance with all regulatory guidelines. What really sells us on the exchange is its <\/span><a href=\"https:\/\/uphold.com\/en-us\/transparency\"><span style=\"font-weight: 400;\">public publishing of assets and obligations<\/span><\/a><span style=\"font-weight: 400;\"> that showcase the exchange isn\u2019t lending out your assets ever.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fees are reasonable, and the exchange has offered periodic no-trading fee periods to encourage new user sign-ups.\u00a0<\/span><\/p>\n<p><strong>Uphold is right for you if:<\/strong><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You want a simple, straightforward exchange with a clean user interface that you can trust to keep your cryptocurrency safe, given you take the proper user precautions.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You want to access and spend your cryptocurrency online and in stores using the Uphold debit card.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You want to dabble in fiat currency exchanges and commodities in a single platform.\u00a0<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Ultimately, the decision to make an account on Uphold is up to you\u2013 it offers <\/span><b>a <\/b><a href=\"https:\/\/uphold.sjv.io\/oezG3E\"><b>$50 BTC sign-up bonus<\/b><\/a><b> when you trade at least $600.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0If your experience with the exchange or company is different from what we\u2019ve described above, please reach out to us and let us know.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><i><span style=\"font-weight: 400;\">Uphold Disclaimer: Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection<\/span><\/i><span style=\"font-weight: 400;\">\u201c<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since its launch in November 2014, Uphold has developed a unique exchange for trading both digital and physical assets. It\u2019s known as one of the few crypto exchanges that also supports commodity trading. It even became the first-ever financial service company to publicly share its reserve holdings in real time. In this review, we dive into everything you need to know about Uphold.<\/p>\n","protected":false},"author":130,"featured_media":17811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":88,"footnotes":""},"categories":[5712],"tags":[22355,13611,9381,21301,27937],"class_list":{"0":"post-17328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-guides","8":"tag-cryptocurrency-exchange","9":"tag-cryptocurrency-exchanges","10":"tag-cryptocurrency-trading","11":"tag-fiat","12":"tag-uphold"},"wppr_data":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uphold Exchange Review: Can You Trust UpHold with Your Crypto?<\/title>\n<meta name=\"description\" content=\"Since 2014, Uphold has provided a unique crypto exchange, allowing people to trade using fiat and commodities. 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