What do you like best about UPHOLD?
The global company Uphold is a great company that has designed a financial services platform primarily based on Cloud Computing, which provides its users with the service of buying or converting any type of currency or product without any cost. This great company includes various types of currencies, such as the cryptocurrency BITCOIN, which is currently known by a large number of people worldwide. Previously, this great company was known as Bitreserve and offers us a great service by allowing us to convert, move, and transfer money from any user to anywhere in the world.
This great company has authorized an amount of more than 930 million in monetary transactions for tens of thousands of users in more than 174 countries worldwide, and with this great movement, this company represents 22% of all public BITCOIN exchanges worldwide.
It has a main headquarters in Charleston, South Carolina, and has a large number of branches in different places worldwide, such as Braga, Shanghai, London, and San Francisco.
It has a large group of associations such as Grupo Salinas Bancario and Elektra SA through relationships with the company's founder, Ricardo Salinas Pliego, who is recognized as one of the richest men in Mexico.
This great company provides us with the service of being able to create an account for free and offers us several benefits, such as moving and converting currencies or cryptocurrencies, as well as allowing us to store our money in our cloud accounts for free to any Uphold user. It also allows us to have great visibility, control, and security over our funds in real-time and make transfers to any member anywhere in the world.
This great company, with its fast, easy-to-use, and secure service, allows us to make payments easily and securely, giving us great reliability when using this processor as one of the safest worldwide within its scheme.
Its main objective is to revolutionize the world through the use of money on the internet and provides a large number of benefits by working hand in hand with AirTM, a platform that works based on Uphold, which allows us to send and receive payments in the local currency of the countries of the American continent through bank transfers, and withdrawals and deposits can also be made from the Paypal payment processor.
With all these great benefits, allowing us to receive and send payments instantly and giving our businesses a higher level to grow entrepreneurially with the help of this great payment processor that facilitates the management of our financial system through its great ease of payments between users worldwide. Review collected by and hosted on G2.com.
What do you dislike about UPHOLD?
One of the disadvantages of Uphold is that it offers a referral system with a payment of $5 for each invited user who registers with your referral link. The catch is that you won't receive the $5 until you verify your Uphold account. We must have our account verified to receive those $5 that the referral promotion offers us. For this, we must provide the specified data and a scanned image of our identity card or DNI. This method has become complicated because nowadays it must be an instant photo at the time of verification with a camera from our mobile device and a webcam, which is presenting a big problem because the page does not validate these options and complicates the verification process a bit, which is quite necessary when making our transactions freely and securely without any limitations.
In recent times, it has been tightening the security of almost all accounts that have money in the cloud as a way to curb money laundering and terrorism financing, according to reports. This has led to unexpected account closures, which are unexpectedly limited, giving a 24-hour period to withdraw your money to another verified Uphold account. If the Uphold regulations are not complied with, the limited account will be closed and the money will be lost automatically.
Another thing that doesn't benefit us much about Uphold is the $5 payment for referrals, as it has been noted that verifying accounts and receiving those referral payments takes a long period of time, which can take from 3 to 4 weeks to receive the payment, leading the user to contact Uphold's technical support to quickly receive the payment to their Uphold wallet. Review collected by and hosted on G2.com.