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Author Topic: Do you use Uphold?  (Read 211 times)
designbuyers (OP)
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March 17, 2021, 09:19:45 AM
 #1

Is Uphold is popular to use?

Does anyone accept it when selling here in the forums?

What I know about it:

You can share what do you know about it as well.

It requires ID verification of the user who uses it, even before you can do anything it's not optional to verify your account, it's required.

Please, share your experience with Uphold and what services you used if you try it.

Thank you.

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March 17, 2021, 09:32:24 AM
 #2

As a person that frequents in bitcoin and cryptocurrency communities, I personally never heard anything bad about uphold. But.. not because it's a good product, mostly because it seems like barely anyone in the crypto space uses it.

My opinion: if you were to submit AML/KYC, you might as well pick the services that has lots of feedback, and are pretty reputable. Probably like Kraken.

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designbuyers (OP)
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March 17, 2021, 09:54:58 AM
 #3

My opinion: if you were to submit AML/KYC, you might as well pick the services that have lots of feedback, and are pretty reputable. Probably like Kraken.

I never try Kraken, does it provides you with your private key?

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March 17, 2021, 10:02:59 AM
 #4

I never try Kraken, does it provides you with your private key?

No. Kraken, as well as Uphold, Coinbase, Binance, Gemini, and pretty much almost all exchanges, are totally centralized and don't give you access to your private keys. What you need to do is, after buying the bitcoin, simply withdraw the funds immediately to a reputable non-custodial wallet such as Electrum[1] or BlueWallet[2]. Or if you have the money, opt in for more security using a Ledger[3] or Trezor[4] hardware wallet.


[1] https://electrum.org/
[2] https://bluewallet.io/
[3] https://ledger.com/
[4] https://trezor.io/

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bL4nkcode
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March 17, 2021, 11:40:45 AM
 #5

I guess uphold is only popular to brave users who want to get their earnings while using the browser.

AFAIK they offer buy/sell equities such tesla, amazon stocks and etc. aside from cryptocurrency using your local currency and vice versa.
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March 18, 2021, 06:00:33 AM
 #6

I have a verified Uphold account use to collect my BAT tokens from browsing in Brave browser its serves like a crypto wallet also supporting coins like ltc, bch, eth or even fiat, I know Binance P2P also supports uphold account users but not tried it yet.   

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March 18, 2021, 11:35:57 PM
 #7

i use uphold for my brave rewards  Cool
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March 19, 2021, 03:28:46 AM
 #8

Up Hold is a centralized wallet popular among those who come to the crypto world through different "jaws," other types of users used it to verify paypal, since they grant a mastercard, which by the way they stopped accepting them, also due to its Api it has created different alliances that allow it to be known in much of the Fiat-crypto community with various projects.

On the other hand, it has charges for use that are not the most advantageous in the market, fee and account maintenance, I do not mention it as a negative if not trying to find something for which it might be so popular, anyway the Marketing does its thing in these cases and misinformation helps.

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March 19, 2021, 03:47:24 AM
 #9

Speaking of fees there are sometimes some small things that turn out to be a big turn-off when checking a service

I wanted to check the fees page that is linked on their Faq page:
https://uphold.com/en-us/faq
and they've messed the link:

It links to https://get-started/service-fees/ instead of https://uphold.com/en-us/get-started/service-fees

When you see big service doing amateurish mistakes like this is at least in my case a big minus point from the start
That being said I don't find the fees that big compared to other services like this, the spread is not that bad either with around 1% compared to the exchange rate this moment as I'm checking the price, but the one that would ever prevent me from using is the 4% fee on loading your account via a credit card and the 0.003 withdraw fee so if I'm going to use a bank to purchase something or deal with bigger sums I would stick with the traditional exchanges, for small sums, it's at ATMS levels but with KYC.

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designbuyers (OP)
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March 19, 2021, 04:17:24 AM
 #10

I wanted to check the fees page that is linked on their Faq page:
https://uphold.com/en-us/faq
and they've messed the link:
It links to https://get-started/service-fees/ instead of https://uphold.com/en-us/get-started/service-fees

I try to check what you were talking about, but I found out the link works fine.

Speaking of fees there are sometimes some small things that turn out to be a big turn-off when checking a service

When you see big service doing amateurish mistakes like this is at least in my case a big minus point from the start
That being said I don't find the fees that big compared to other services like this, the spread is not that bad either with around 1% compared to the exchange rate this moment as I'm checking the price, but the one that would ever prevent me from using is the 4% fee on loading your account via a credit card and the 0.003 withdraw fee so if I'm going to use a bank to purchase something or deal with bigger sums I would stick with the traditional exchanges, for small sums, it's at ATMS levels but with KYC.

I agree with the above points.

I never try Kraken, does it provides you with your private key?

No. Kraken, as well as Uphold, Coinbase, Binance, Gemini, and pretty much almost all exchanges, are totally centralized and don't give you access to your private keys. What you need to do is, after buying the bitcoin, simply withdraw the funds immediately to a reputable non-custodial wallet such as Electrum[1] or BlueWallet[2]. Or if you have the money, opt-in for more security using a Ledger[3] or Trezor[4] hardware wallet.


[1] https://electrum.org/
[2] https://bluewallet.io/
[3] https://ledger.com/
[4] https://trezor.io/

Thank you a lot for the detailed information, a piece of great advice from you.


I guess uphold is only popular to brave users who want to get their earnings while using the browser.

AFAIK they offer to buy/sell equities such as tesla, amazon stocks and etc. aside from cryptocurrency using your local currency and vice versa.

Yes, I get it.
Brave users are using it.

I have a verified Uphold account use to collect my BAT tokens from browsing in Brave browser it serves as a crypto wallet also supporting coins like LTC, BCH, eth, or even fiat, I know Binance P2P also supports uphold account users but not tried it yet.    

It's your only option to use Uphold to get your brave rewards and BAT Tokens,

Is the verification process takes a long time and is it hard, what other benefits of using Uphold account?

Have you ever used the support and they reply in a timely manner?

i use uphold for my brave rewards  Cool

Is it your only option to use Uphold to get your brave rewards? I do not have any experience with Brave rewards and why they only using Uphold.

If the verification process takes a long time and is hard, Then tell me What other benefits of using Uphold account?

Have you ever used the support and they reply in a timely manner?

Up Hold is a centralized wallet popular among those who come to the crypto world through different "jaws," other types of users used it to verify PayPal, since they grant a MasterCard, which by the way they stopped accepting them, also due to its API it has created different alliances that allow it to be known in much of the Fiat-crypto community with various projects.

On the other hand, it has charges for use that are not the most advantageous in the market, fee and account maintenance, I do not mention it as a negative if not trying to find something for which it might be so popular, anyway the Marketing does its thing in these cases and misinformation helps.

Thanks that's a lot of useful information that you are providing which is great, Thank you, it was used more when they were issuing credit or debit card that works with PayPal, I think they still allow you to fund your account with PayPal in order to get cryptocurrency of your choice that's why I was interested in the first place.

marketing and misleading information may get you there and getting an account and you never know what going to happen next, sure you could end up paying finance fees as I wasn't aware off, I hate this type of business that makes you pay maintenance fees or any fees to have an account, not sure what they thinking of...!

Thanks for letting me know.

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March 19, 2021, 05:53:10 AM
Last edit: March 19, 2021, 06:55:21 AM by mk4
 #11

Is it your only option to use Uphold to get your brave rewards? I do not have any experience with Brave rewards and why they only using Uphold.
Last time I checked, unfortunately yes. Quite ironic being a crypto project but requires a totally centralized service to receive BAT earnings, but I guess as a U.S. business they really have no choice.

If the verification process takes a long time and is hard, Then tell me What other benefits of using Uphold account?
Most people just use Uphold for Brave earnings, and that's pretty much it. There are far better Uphold alternatives out there.

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March 20, 2021, 02:12:44 PM
 #12

Uphold is not a popular wallet in the Cryptocurrency community. I believe that is because of its requirement of KYC before it can be used by anyone. The current hype and offer to buy uphold wallet as spread on social media recently is because it is the one used in making withdrawal of BAT on Brave browsers for the browser's users.
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March 20, 2021, 03:56:35 PM
 #13

Uphold user here, but only because I wanted to see how much of Brave (BAT) tokens I could use (the only way you can claim them is to use Uphold and to pass KYC).

No bad experience, but I haven't actually used the wallet at any time. All I see is the monthly statement they send when they give me my BATs from advertisements. It's really just a few dollars every month, I don't use Brave a lot.

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March 21, 2021, 09:07:09 AM
 #14

i have an account, but not really using it

buy bitcoin, hodl bitcoin
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April 10, 2021, 12:43:06 AM
 #15

We have a very positive experience with uphold and we usually use their bitcoin to EURO SEPA transfer, and transfers are reliable and fast. We are also a verified user with them as per their requirement.

Zakservers.com: Offshore dedicated servers with 15 offshore locations choice, BTC and Crypto accepted, 24/7/365 customer support.
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April 10, 2021, 07:37:01 AM
 #16

@OP, it is legit but not very popular as you think but they do allow people to withdraw crypto currencies so if you have any funds you can withdraw them but their cons is their high fee structure compared to other reputed exchanges.

I never used it while their ratings on apple store and google playstore are pretty impressive.

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