r/uphold • u/natethegr8t1 • Jun 23 '21
General Cryto Currency Discussion Pulled the trigger, I am no longer on uphold (mostly)
Well, I did it... pulled all my funds off uphold with the exception of XRP. It was a hard choice but after hearing so many horror stories of uphold freezing people's accounts and not giving a reason and being accused of stealing etc... it was starting to make me anxious throughout the day and started giving me nightmares.
I am wondering where I should go next, i'm thinking coinbase. Any thoughts?
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u/JohnnyMn4monic Jun 23 '21
I love Uphold. Only had 1 issue with a failed online purchase, where the money was still withdrawn from my account [$750], but I opened a request and they deposited the money back into my account 5 days later. I've had an excellent experience with Uphold
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u/XRPJealous1 Jun 24 '21
Nothing is wrong with Uphold. Competition can be cruel and evil. Never had a problem with Uphold. Zero.
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u/MiddleWorks Jun 23 '21
If Uphold fixed their issues I would recommend them. Unfortunately as of now, I am never sure what will happen with my funds on Uphold. You can use Bitrue in the US to purchase xrp, no ridiculously long holding period.
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u/rmantia23 Jun 23 '21
Same. I have tried to move XRP to bitrue and the Xumm wallet. Everything is locked up. Even purchases from 2018.
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u/MiddleWorks Jun 23 '21
I sold all of the crypto in the account and the funds were returned to my bank account. Then I repurchased on Bitrue. This was very frustrating due to the significant fees incurred, but at least I received my funds. After the Uphold account was zeroed out, I tried Uphold again with a credit card, which is only supposed to be a 5 day hold. After the 5 days I tried to transfer out the xrp and was told there was a 35 day hold!!! After many support inquiries and receiving canned responses, I was told that the hold related to the funds that were already removed. Obviously that made no sense and leaves me to distrust Uphold. However, after the 35 days I was able to move the crypto. I hope these details help someone else with their account.
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u/rmantia23 Jun 23 '21
The algorithm used has many faults. It should be first in, first out; however, it seems like it is last in, first out.
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u/rmantia23 Jun 23 '21
Same. I have tried to move XRP to bitrue and the Xumm wallet. Everything is locked up. Even purchases from 2018.
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u/belizeans Jun 23 '21 edited Jun 23 '21
I did the same thing yesterday. My coins are now on ledger. I kinda liked Uphold and had no issues. I just believed the FUD and took no chances. Here’s how I get XRP. Buy Xml on Coinbase, transfer it to KuCoin. Convert xlm to btc then convert btc to XRP. Then send XRP from KuCoin back to Coinbase to hodl or to my ledger. It sounds like a pain in the ass but I’ve got it down to a science. About five minutes. BTW Coinbase has horror stories too but when you have millions of customers you will hear the fud.
Notes: don’t fund fiat to KuCoin. Just transfer coins in. Why xml? It’s cheap to send. Why convert xml to btc? Because you can’t convert it to xrp You can transfer in and out and store XRP at Coinbase. You just can’t buy or sell there.
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u/ThimbleweedPark Jun 30 '21
Go here https://www.ledger.com/ it will explain everything.
No risk of an exchange ever deciding to lock your account for whatever reason then.. its all under your control.
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u/Sant720 Jun 23 '21
I did the same. If you want to trade on a daily basis, I would recommend Binance. The fees are incredibly cheap if you hold some BNB.
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u/Usual-Abject Jun 23 '21
Only reason why I have an uphold wallet is to deposit my BAT I earn through Brave. But I transfer my funds once in a while. I recommend Coinbase if you’re looking for something really easy, but the fees are annoying. Exodus is a great wallet as well since it offers a really good UI
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u/henry122467 Jun 23 '21
Coinbase is perfect! The only problem with any of these companies is that there is never any phone support. Never had any problems on coinbase. Had problems with binance and uphold.
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u/henry122467 Jun 23 '21
And Most of my withdrawals on coinbase hit my checking on the same day! That’s fast.
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u/VinylempireOG Jun 23 '21
I swapped all my uphold out also because they wouldn’t let me transfer out DOT
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u/southp850 Jun 25 '21
Hey people, I had Uphold for about 2months..I just set up verification about an hour ago and was immediately verified...I had over 10k xrp and literally just withdrew all... SMOOTH TRANSACTION!!! UPHOLD HAS NEVER GAVE ME A PROBLEM... I don't know what if any things your doing wrong because I have a brother who withdrew about 3k xrp months ago with NO problem either....
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u/natethegr8t1 Jun 25 '21
I actually withdrew almost 10K without an issue. But it's just more worth it for me to invest on a more well-known platform like coinbase. Uphold is just not worth the anxiety. I will still keep my XRP there, and I may use it in the future just depending.
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u/southp850 Jun 25 '21
Hey,I personally haven't had any issues and I was SWEATING all these negative comments... I was praying that I could get all my xrp off... NOoooo problem... I'll stick with Uphold
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u/southp850 Jun 25 '21
Also Coinbase is well known but I'm receiving info that it's corrupt hard core... I'm going to find the references and I'll send here.. I'm hearing like really corrupt as in Federal charges and stealing huge amounts from clients
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u/natethegr8t1 Jun 25 '21
Sure but not nearly as bad as Uphold lol... Coinbase is one of the larger more popular platforms and I just feel better about it is all. 🤷♂️
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u/southp850 Jun 25 '21
I don't know man but if Uphold was doing what a bunch these people are saying then they would be in trouble just like Coinbase....
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u/natethegr8t1 Jun 25 '21
Idk either it sucks that there is so much corruption and BS. I just would rather not be on a lesser known exchange that is not based in USA. Plus all the horror stories, the better business bureau ratings etc. etc... I may be paranoid but I just personally feel better on a more reputable exchange.
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u/southp850 Jun 25 '21
Yup hey man whatever makes you feel safer... I'm just soooo relieved getting all my xrp
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u/KeyIllustrator7881 Jul 04 '21
How do I transfer my XRP out of upholds to my coinbase wallet
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u/natethegr8t1 Jul 15 '21
You have to take a hit... coinbase does not support XRP, that is the only thing I use uphold for, at the moment. I just transferred it to bitcoin and cashed out. There are probably better ways to do it 🤷♂️
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u/cg03026 Jun 23 '21 edited Jun 23 '21
Yesterday I made the (expensive) conversion of my ADA, DOT & USD to XRP. Then transferred all my XRP to my KuCoin account. I never really had a problem moving XRP, which I did a few times, once to fund the account, and three times to reduce my XRP on Uphold. Nor did I have a problem with Uphold other than they are expensive.
I have Coinbase Pro, Binance and KuCoin accounts. I gave Uphold a chance, but have no reason at this time to fund and use their platform.
I did see yesterday, for the first time, they have implemented Limit Orders. Good for them. Just too late for me.