🌐 What Is Uphold?
Uphold is a global digital assets platform founded in 2014, known for its “Anything-to-Anything” model. It lets users buy, hold, convert, and transfer across a wide variety of assets—including cryptocurrencies, fiat currencies, precious metals, and equities—all within one app mikeroseresearch.com+15uphold.com+15reddit.com+15.
🔧 Key Features
- Multi-asset support: crypto (BTC, ETH, XRP…), fiat (USD, EUR, CAD…), metals (gold, silver), plus select stocks/ETFs altcoinbuzz.io.
- Instant conversions between any supported assets—no order books involved uphold.com.
- Uphold Card: a debit card that enables using crypto or fiat for everyday purchases.
- Staking: resumed in the UK (Feb 2025) and relaunched in the US (March 2025), supporting reward-earning on 19 different PoS tokens reddit.com+15fxstreet.com+15reddit.com+15.
- Uphold Vault: a custody solution with a three-key system for secure XRP storage cointelegraph.com+6in.investing.com+6fxstreet.com+6.
- Transparency & security: publishes assets/liabilities live, uses cold storage, supports multi-factor authentication, and complies with regulations uphold.com.
💱 Fees & Pricing
- Currencies & crypto conversions: spreads typically range from ~0.8% to 1.5% .
- Card/ATM fees and fiat withdrawals: apply based on location (e.g., ATM withdrawal or FX).
- Staking returns: users earn weekly rewards on staked assets reddit.com+1cryptonews.com+1mikeroseresearch.com+9fxstreet.com+9tradingview.com+9.
🙌 Notable Pros
- Wide asset variety: crypto, fiat, metals, and equities—all in one place .
- Straightforward asset conversions and instant transfers.
- Active staking services available in both the UK and US reddit.commikeroseresearch.com+2cointelegraph.com+2cointelegraph.com+2.
- Custody with user control (Uphold Vault) and strong transparency practices uphold.com+14in.investing.com+14reddit.com+14.
⚠️ User Feedback & Criticisms
Customer Service & Account Access Issues
Many users report severe service frustrations on Reddit:
“They locked my account for months… I have deposited crypto … now I am unable to withdraw” reddit.com+10reddit.com+10reddit.com+10
“Uphold is definitely scamming me… holding my $2,000 and telling me they will refund my ACH deposits” cointelegraph.com+15reddit.com+15reddit.com+15
Unexpected Lockouts & Forced Sales
Instances of abrupt account closures or automatic asset conversion by Uphold:
“I found all my crypto is gone… they automatically sold all my cryptos to GBP without my consent” thetimes.co.uk+15reddit.com+15cryptonews.com+15
Still, some users have shared positive or neutral feedback:
“Uphold IMO, for just trading and holding crypto is my choice” reddit.com
🤔 Final Summary
✅ Pros⚠️ ConsBroad asset range & instant conversionsReports of account restrictions/lockoutsActive staking in UK & USLackluster customer supportSecure custody options (Vault)Unexpected forced conversionsTransparent accountingFees via spreads & withdrawals
🔍 For Whom?
Uphold is a solid option for users seeking a simple platform to manage diverse digital assets, use crypto in daily life, and stake rewards. However, if reliable access and responsive support are crucial to you, it's important to weigh the potential risks—many users express pain dealing with sudden account actions or limited human help.
📌 Would You Like to Explore?
- A fee comparison between Uphold and other platforms?
- Tips on staking setup and expected rewards?
- Alternatives with stronger customer support?
Let me know what you'd like to dive into next!
Recent Uphold News & Reg Updatesthetimes.co.ukIG is first UK-listed firm to offer retail trading of crypto
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