Is Uphold safe?
- Fee on a $1,000 buy
- $20by bank transfer
- Bank withdrawal time
- Not published
- Coins
- 300
US customers of Uphold deal with Uphold HQ Inc. If you hold crypto on Uphold, it has no FDIC insurance. On record, Uphold has 1 dated incident, and sources are listed.
Licences and registrations held by Uphold
Uphold HQ Inc. runs Uphold's US business.
In New York, Uphold has no NYDFS licence.
On the licences page, Uphold lists its state licences.
Has Uphold ever been hacked? Incidents and enforcement
Every Uphold incident includes a link to its regulator or company statement.
| Date | What happened | Source |
|---|---|---|
| March 31, 2023 | OFAC settlement: Uphold HQ Inc. reached a deal to remit $72,230.32 covering 152 transactions that appeared to breach sanctions on Iran, Cuba and Venezuela (2017-2022). | ofac.treasury.gov |
The way your money is held
Uphold’s real-time transparency page claims the platform always has 100%+ reserved. It publishes assets and liabilities as they happen, with 100.5% reserves on 2026-11-02. It isn't a third-party attestation. This is an attestation, not the same as a full audit of Uphold.
Account security at Uphold: 2FA is optional.
Text scams and other scams targeting Uphold users
Don’t give your Uphold password or 2FA code to anyone, and don’t transfer funds to a "safe wallet" if a text or call says so. Contact them only via the Uphold app or website.
Is Uphold FDIC insured or not?
Neither FDIC nor SIPC insurance covers crypto held on Uphold.
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.
Open a Uphold accountMore about Uphold
Questions asked by people
Is Uphold legitimate?
Yes, Uphold operates as a real business: US customers deal with Uphold HQ Inc. This page lists its 1 dated incident with sources.
Is crypto held on Uphold FDIC insured?
Not the crypto itself. FDIC or SIPC insurance doesn't cover crypto held on Uphold.
If I receive a Uphold code I didn't request, what should I do?
Take it as a warning. Don’t give your Uphold password or 2FA code to anyone, and don’t transfer funds to a "safe wallet" if a text or call says so. Contact them only via the Uphold app or website.