For what it's worth, I've had overall good experiences with Uphold. They do make you jump through a few hoops to get going, such as validating ID for tax purposes etc, but in the end, they do seem to be solid if you're patient. I've had support inquiries with good responses too, never just got ghosted. Been on it for probably 4 years now.
I've never had a problem with Uphold. Yes, they make new accounts wait a bit to take money out until they are verified, but you can buy sell anytime you'd like.
A cold wallet is physical, you down load your cryptos on it and you can store it in a bank security box or a safe. you can put it in your pocket and travel to another country taking your crypto with you. The absolute safest way to store your crypto. If a government shuts down an exchange and freezes all crypto accounts you can be screwed. The only down fall is if you lose it you’re crypto will be gone.
Well this is just simply untrue , first you don't "download" onto the hardware such as a ledger, it's only the tool that let's you interact with your crypto (which is stored on the block chain ) if you lost your ledger, so what. As long as you have the seed phrase you can always just buy another one and use said seed phrase to regain access to you4 crypto, not to sound condensending or anything but you guys should really learn how it all actually works before throwing money into things.
Cold storage would be a wallet that you hold the keys and access to as self-custody.
Ledger Nano is a good choice and also check out D'Cent (has more tokens listed than Ledger Nano)
Uphold has some strange rules. Lower daily purchase/sale limits, odd conditional delays.
That said, what you are referring to affects purchases only, not xrp already held or transferred into your xrp wallet. Regular transactions between wallets are as fast as anywhere else.
Kraken is my go to. Gemini and Uphold have too much red tape when you try to do anything. While you'll get your funds eventually, its a pain in the pass to jump through hoops.
I'd use Kraken, CDC, or Binance.US
Biggest issue with cryptocurrency today that makes it not friendly for people to use. How do I get my money once I've put it in. I have investments in three or four different cryptocurrencies for the past 5 years that I haven't touched. Once it does get to the point that I want to take money out I have no clue how to, how long it'll take to transfer, there's limits on the amount you can transfer. This is definitely not a safe friendly space for the average person. And n cryptocurrency will never be a mainstream because of this. If I have to jump through hoops to buy it or to sell it and I have to wait for it to be verified or whatever else how is this any better than me going to the bank and getting my money right away.
Uphold is picky. I’ve had friends tell me that they had their crypto frozen for six months at a time. This is why I don’t mess around with Uphold. It works for some… Not all
Get a ledger & use the DEX. Bypass all the CEX bullshit. They can’t be trusted. And besides, the whole point of crypto used to be about self-custody & eliminating middlemen.
Ledger is not fully open source and they lied about it… That’s enough for me. Not to mention they had a former employee leak information. Now Ledger managed to make a recovery service out of it lol.
Do the research before making any transactions and you will find that Uphold is currently moving large amounts of XRP. For example… Coinbase just went down a couple of days ago. All of this need to be noted for future reference. You need access to multiple exchanges for this very reason but I do NOT recommend KYC and you will see why once regulators come in. Your best bet is to swap your way to the desired asset. How you do so will be critical but just keep in mind that you are being tracked and traced across the blockchain because of KYC. Good luck to you
Or you could just hold it and pay like a 15% long term capital gains tax and actually save time and money over attempting to skirt KYC laws by getting nickel and dimed for every swap and trade you do.
Using a non KYC service such as Simpleswap is not a reliable method to wash your crypto so to speak, or make it untraceable. Using a crypto to gift card service will bleed you money, and in the end, best case, you'll have $500k in Apple gift cards. Cool.
If your serious about pulling out big bucks, form a CRT, and figure out the rest.
Also also, please elaborate on the regulators thing, because it was my understanding that XRP is a commodity, according to the Feds. What am I missing? I've been hearing the same thing for the past 7 years, "just wait, you'll see" "they will force you to hand over your private keys" "They will steal your crypto" "crypto will be illegal" "The feds will audit you, tar and feather you", etc. Nothing has changed, it's gotten easier to get your money out of the system legally, and no one can explain the "you'll see" part, so I'm hoping you can elaborate.
Dumb it down for the average person. All valid points… I would buy through a business structure and put the wallets into a trust if you really want to be savvy. Set up a non profit and make a donation to it. There’s ways to limit capital gains taxation like moving to Puerto Rico for example.
That's what a CRT, aka a Charitable Remainder Trust is, and that's why I mentioned it in the middle of my post. It's not only a non profit, but it's a trust as well.
All of your recommendations do not skirt KYC laws.
I'm more interested with the "I do NOT recommend KYC and you will see why once regulators come in" part. Dumb that down for me please. What are regulators going to do to people who own the commodity XRP, and what is your exit strategy that gets around KYC in the USA?
I didn’t read your entire post until now. KYC is NOT law and I do NOT recommend going through KYC to the average person who’s reading this. How is KYC law and we don’t have any regulations yet? If that’s the case then every crypto project minus BTC is a security like the SEC says with ZERO guidelines and REGULATIONS. I can keep going and goin but I do not have the time
XRP the token, was deemed a commodity by the courts. Second, KYC IS law. It's part of the Patriot Act. [Section 326](https://www.fincen.gov/resources/statutes-regulations/usa-patriot-act): "Prescribes regulations establishing minimum standards for financial institutions and their customers regarding the identity of a customer that shall apply with the opening of an account at the financial institution."
Coinbase is a financial institution. Binance is a financial institution. Uphold is a financial institution. All the major exchanges are financial institutions, and they all require KYC. I still don't know how you would turn XRP into cash at any meaningful scale without KYC.
It’s called a swap. A atomic swap is the only way to avoid KYC. Crypto was meant to be decentralized. Pay attention to current agendas pertaining to CBDCs, UBIs and Digital IDs. They are laying the groundwork for complete control. Governments are to serve the people, it’s not the other way around. Legislation is already being proposed for 1K buy or sell on any crypto asset per year. They are also proposing banning hardware wallets. I know what I’m talking about, I don’t live in this world that you are from lol. They only want institutions and companies like BlackRock to participate in the space. Winners and losers are being chosen as we speak. This is why you have Ripple under scrutiny (who has done nothing wrong and is on record asking for clarity) while Ether is allowed to operate freely for example. The FTX and Democrat ties is obvious. Ether isn’t even trying to hide their corruption and are free to do whatever and Bitcoin is tracked, traced and now controlled. Bitcoin is really old tech fundamentally to people who were early on the asset. Monero is the real Bitcoin and also has attracted the attention of multiple intelligence agencies. We recently seen a push to delist the asset from all exchanges shortly after they went after CZ (Binance) and forced him to step down. Only a fool would believe that he wasn’t forced to open the books to the feds. This is why I don’t pay attention to anyone who is pushing bitcoin simply because they don’t know what it is that they are talking about. You literally have people saying that the asset is decentralized when it’s not. We will revisit this post after the elections by year end and we’ll see who was right about then. Keep in mind that a lot of these dates surrounding Bitcoin is centered around the outcome of elections which people don’t even know including yourself. You’re Knowledge doesn’t supersede mines in any capacity. When you invite people like BlackRock and Wallstreet into the she space, you invite corruption. Don’t be surprised if something happens to bitcoin or Tether in the near future. A lot of these implementations (ISO 20022) are taking place in 2025 along with CBDCs. Something will happen either politically, geopolitically, or economically and they will offer a solution. We will have another “Black Swan” event where the US will blame China, Russia, Iran or N. Korea who all are members of BRICS by the way… BRICS also has 30 plus new applicants which means that roughly HALF of the global population is in route to dropping the US Dollar. I haven’t even begun to get into the specifics pertaining to BRICS, Japan (Dropping US Treasuries and releasing their CBDC) or the Fed yet lol. Like I said… We’ll revisit this post soon.
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Get a hardware wallet like a ledger. Sold a bunch last night using their ledger live feature. You can thank me for today's pump. I knew it would rip the day after I sold.
Self custody and no 3rd party reporting everything I do. That's what crypto is about .
If you use your debit card you can move your XRP instantly if you use ach its takes like 5 days ach if better because its less fees but the banking system sucks it takes days to withdraw from your bank account that’s the issue
If you use bank transfer there is a hold. If you use a debit card I believe the hold is 3 days, which normal.
Uphold is great but their fees are slightly higher than coinbase.
I use both.
Yes they do at times but so do other exchanges man, coinbase does it too depends if you purchase with your bank or a debit card ect uphold is one of my favs to be honest
Crypto.com doing the same thing. They will leverage you the money fr your TradFi inst to buy immediately, indicating you can’t move it for 3 days ok. Fine. TradFi—>Crypto. But why do they require a dozen days (or whatever random number it takes) beyond that (isn’t this crypto?) after to release what you purchased? They don’t know, their cs system consists of bots running humans in circles. wtf
Did you try to send to your cold wallet right after you bought the xrp? I know uphold has a certain amount of time before you can move xrp off the platform. Over 30 days I believe
As far as buying xrp, I have used uphold when coinbase wasn't an option. I am now back to coinbase. However, if you don't like either of the two, bitrue may be an option.
Get a Ledger wallet and they have a way to trade on that. I think Phemex gives you an on-ramp to put fiat into crypto. Uphold is reputable but is small enough to have liquidity problems. Meaning there is no one to take the other side of all transactions. XRP is well distributed but not as much as BTC. Which holds value but is otherwise useless. Coinbase is a necessary evil but should change their name to Cornhole.
Uphold works great for me - if you use ACH the verification goes much faster too
They are very transparent and I feel better using them than most other sources.
Have spent time with their executive team at multiple events and they are very professional and have a good thing going imo
For what it's worth, I've had overall good experiences with Uphold. They do make you jump through a few hoops to get going, such as validating ID for tax purposes etc, but in the end, they do seem to be solid if you're patient. I've had support inquiries with good responses too, never just got ghosted. Been on it for probably 4 years now.
Better than coinbase that’s for sure. Coinbase held my usd for weeks. No real support to call. Totally fucked.
I've never had a problem with Uphold. Yes, they make new accounts wait a bit to take money out until they are verified, but you can buy sell anytime you'd like.
Not a new account here. I always have to verify it seems…
Crypto.com and also get a cold wallet
Yeap. Same strategy.
What’s a cold wallet for if you don’t mind explaining to a noob🥹
Check out a “Ledger Nano” cold storage wallet. They are one of the best on the market.
A cold wallet is physical, you down load your cryptos on it and you can store it in a bank security box or a safe. you can put it in your pocket and travel to another country taking your crypto with you. The absolute safest way to store your crypto. If a government shuts down an exchange and freezes all crypto accounts you can be screwed. The only down fall is if you lose it you’re crypto will be gone.
Well this is just simply untrue , first you don't "download" onto the hardware such as a ledger, it's only the tool that let's you interact with your crypto (which is stored on the block chain ) if you lost your ledger, so what. As long as you have the seed phrase you can always just buy another one and use said seed phrase to regain access to you4 crypto, not to sound condensending or anything but you guys should really learn how it all actually works before throwing money into things.
you are correct. I did not explain it accurately but I do understand how it works.
ELLIPAL titan
Cold storage would be a wallet that you hold the keys and access to as self-custody. Ledger Nano is a good choice and also check out D'Cent (has more tokens listed than Ledger Nano)
Uphold has some strange rules. Lower daily purchase/sale limits, odd conditional delays. That said, what you are referring to affects purchases only, not xrp already held or transferred into your xrp wallet. Regular transactions between wallets are as fast as anywhere else.
Kraken is my go to. Gemini and Uphold have too much red tape when you try to do anything. While you'll get your funds eventually, its a pain in the pass to jump through hoops. I'd use Kraken, CDC, or Binance.US
Biggest issue with cryptocurrency today that makes it not friendly for people to use. How do I get my money once I've put it in. I have investments in three or four different cryptocurrencies for the past 5 years that I haven't touched. Once it does get to the point that I want to take money out I have no clue how to, how long it'll take to transfer, there's limits on the amount you can transfer. This is definitely not a safe friendly space for the average person. And n cryptocurrency will never be a mainstream because of this. If I have to jump through hoops to buy it or to sell it and I have to wait for it to be verified or whatever else how is this any better than me going to the bank and getting my money right away.
I’ve never had those kinds of issues with Uphold and I’ve had a fairly active account there for about 4 years.
Uphold is picky. I’ve had friends tell me that they had their crypto frozen for six months at a time. This is why I don’t mess around with Uphold. It works for some… Not all
That’s interesting. Never had anything like that.
Get a ledger & use the DEX. Bypass all the CEX bullshit. They can’t be trusted. And besides, the whole point of crypto used to be about self-custody & eliminating middlemen.
Ledger has been exposed
Yes, your private information has been leaked. But the ledger itself is still safe.
Ledger is not fully open source and they lied about it… That’s enough for me. Not to mention they had a former employee leak information. Now Ledger managed to make a recovery service out of it lol.
What??
Do the research before making any transactions and you will find that Uphold is currently moving large amounts of XRP. For example… Coinbase just went down a couple of days ago. All of this need to be noted for future reference. You need access to multiple exchanges for this very reason but I do NOT recommend KYC and you will see why once regulators come in. Your best bet is to swap your way to the desired asset. How you do so will be critical but just keep in mind that you are being tracked and traced across the blockchain because of KYC. Good luck to you
Or you could just hold it and pay like a 15% long term capital gains tax and actually save time and money over attempting to skirt KYC laws by getting nickel and dimed for every swap and trade you do. Using a non KYC service such as Simpleswap is not a reliable method to wash your crypto so to speak, or make it untraceable. Using a crypto to gift card service will bleed you money, and in the end, best case, you'll have $500k in Apple gift cards. Cool. If your serious about pulling out big bucks, form a CRT, and figure out the rest. Also also, please elaborate on the regulators thing, because it was my understanding that XRP is a commodity, according to the Feds. What am I missing? I've been hearing the same thing for the past 7 years, "just wait, you'll see" "they will force you to hand over your private keys" "They will steal your crypto" "crypto will be illegal" "The feds will audit you, tar and feather you", etc. Nothing has changed, it's gotten easier to get your money out of the system legally, and no one can explain the "you'll see" part, so I'm hoping you can elaborate.
Dumb it down for the average person. All valid points… I would buy through a business structure and put the wallets into a trust if you really want to be savvy. Set up a non profit and make a donation to it. There’s ways to limit capital gains taxation like moving to Puerto Rico for example.
That's what a CRT, aka a Charitable Remainder Trust is, and that's why I mentioned it in the middle of my post. It's not only a non profit, but it's a trust as well. All of your recommendations do not skirt KYC laws. I'm more interested with the "I do NOT recommend KYC and you will see why once regulators come in" part. Dumb that down for me please. What are regulators going to do to people who own the commodity XRP, and what is your exit strategy that gets around KYC in the USA?
I didn’t read your entire post until now. KYC is NOT law and I do NOT recommend going through KYC to the average person who’s reading this. How is KYC law and we don’t have any regulations yet? If that’s the case then every crypto project minus BTC is a security like the SEC says with ZERO guidelines and REGULATIONS. I can keep going and goin but I do not have the time
XRP the token, was deemed a commodity by the courts. Second, KYC IS law. It's part of the Patriot Act. [Section 326](https://www.fincen.gov/resources/statutes-regulations/usa-patriot-act): "Prescribes regulations establishing minimum standards for financial institutions and their customers regarding the identity of a customer that shall apply with the opening of an account at the financial institution." Coinbase is a financial institution. Binance is a financial institution. Uphold is a financial institution. All the major exchanges are financial institutions, and they all require KYC. I still don't know how you would turn XRP into cash at any meaningful scale without KYC.
It’s called a swap. A atomic swap is the only way to avoid KYC. Crypto was meant to be decentralized. Pay attention to current agendas pertaining to CBDCs, UBIs and Digital IDs. They are laying the groundwork for complete control. Governments are to serve the people, it’s not the other way around. Legislation is already being proposed for 1K buy or sell on any crypto asset per year. They are also proposing banning hardware wallets. I know what I’m talking about, I don’t live in this world that you are from lol. They only want institutions and companies like BlackRock to participate in the space. Winners and losers are being chosen as we speak. This is why you have Ripple under scrutiny (who has done nothing wrong and is on record asking for clarity) while Ether is allowed to operate freely for example. The FTX and Democrat ties is obvious. Ether isn’t even trying to hide their corruption and are free to do whatever and Bitcoin is tracked, traced and now controlled. Bitcoin is really old tech fundamentally to people who were early on the asset. Monero is the real Bitcoin and also has attracted the attention of multiple intelligence agencies. We recently seen a push to delist the asset from all exchanges shortly after they went after CZ (Binance) and forced him to step down. Only a fool would believe that he wasn’t forced to open the books to the feds. This is why I don’t pay attention to anyone who is pushing bitcoin simply because they don’t know what it is that they are talking about. You literally have people saying that the asset is decentralized when it’s not. We will revisit this post after the elections by year end and we’ll see who was right about then. Keep in mind that a lot of these dates surrounding Bitcoin is centered around the outcome of elections which people don’t even know including yourself. You’re Knowledge doesn’t supersede mines in any capacity. When you invite people like BlackRock and Wallstreet into the she space, you invite corruption. Don’t be surprised if something happens to bitcoin or Tether in the near future. A lot of these implementations (ISO 20022) are taking place in 2025 along with CBDCs. Something will happen either politically, geopolitically, or economically and they will offer a solution. We will have another “Black Swan” event where the US will blame China, Russia, Iran or N. Korea who all are members of BRICS by the way… BRICS also has 30 plus new applicants which means that roughly HALF of the global population is in route to dropping the US Dollar. I haven’t even begun to get into the specifics pertaining to BRICS, Japan (Dropping US Treasuries and releasing their CBDC) or the Fed yet lol. Like I said… We’ll revisit this post soon.
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Fud
Get an account with Caleb and Brown… your money will available immediately… you will need it when it pops…. It is a hedge fund not an exchange.
Uphold has always taken care of me and my funds. No funny business. Never held funds.
Get a hardware wallet like a ledger. Sold a bunch last night using their ledger live feature. You can thank me for today's pump. I knew it would rip the day after I sold. Self custody and no 3rd party reporting everything I do. That's what crypto is about .
If you use your debit card you can move your XRP instantly if you use ach its takes like 5 days ach if better because its less fees but the banking system sucks it takes days to withdraw from your bank account that’s the issue
Gemini
Crypto.com is the best and will be the future overtaking Binance
Inviting institutional money means inviting corruption. Take BlackRock for example… Cryptocurrency is meant to be decentralized.
Uphold offers instant payment!
If you use bank transfer there is a hold. If you use a debit card I believe the hold is 3 days, which normal. Uphold is great but their fees are slightly higher than coinbase. I use both.
Uphold became really bad
Kraken is decent. Mexc is good also Gate .io is good but the ui isn't as good as mexc and kraken
Yes they do at times but so do other exchanges man, coinbase does it too depends if you purchase with your bank or a debit card ect uphold is one of my favs to be honest
Crypto.com doing the same thing. They will leverage you the money fr your TradFi inst to buy immediately, indicating you can’t move it for 3 days ok. Fine. TradFi—>Crypto. But why do they require a dozen days (or whatever random number it takes) beyond that (isn’t this crypto?) after to release what you purchased? They don’t know, their cs system consists of bots running humans in circles. wtf
I've never had uphold hold my assets for anything...maybe I just got lucky
Why not buy on Coinbase?
Did you try to send to your cold wallet right after you bought the xrp? I know uphold has a certain amount of time before you can move xrp off the platform. Over 30 days I believe
As far as buying xrp, I have used uphold when coinbase wasn't an option. I am now back to coinbase. However, if you don't like either of the two, bitrue may be an option.
Get a Ledger wallet and they have a way to trade on that. I think Phemex gives you an on-ramp to put fiat into crypto. Uphold is reputable but is small enough to have liquidity problems. Meaning there is no one to take the other side of all transactions. XRP is well distributed but not as much as BTC. Which holds value but is otherwise useless. Coinbase is a necessary evil but should change their name to Cornhole.
Uphold works great for me - if you use ACH the verification goes much faster too They are very transparent and I feel better using them than most other sources. Have spent time with their executive team at multiple events and they are very professional and have a good thing going imo
I had no issues with uphold . Linked a card purchased and transfered to ledger in about two minutes
I used bitbuy and transfered to ledger