With an extensive user base exceeding 1.7 million across 184 countries, Uphold stands out as a remarkable cryptocurrency exchange. Regardless of its widespread recognition, Uphold encounters limitations in serving specific countries.
This blog outlines the nations facing restrictions and proposes alternative solutions for users in those regions, ensuring an uninterrupted cryptocurrency journey. Join us as we look into these details and explore viable options for a seamless crypto experience.
Uphold Restricted & Banned Countries
Uphold strategically restricts its services in some locations, including
- Armenia
- Cuba
- Iran
- North Korea
- Chad
- Fiji
- Mali
Additionally, new account creation is not facilitated in countries such as Afghanistan, Algeria, and China. Uphold adheres to non-supported jurisdictions, reinforcing the integrity of its financial services.
To gain a comprehensive insight into these restrictions, explore Uphold’s official website, where detailed guidelines for each listed country await discovery. Stay informed about Uphold’s global presence, understanding the complications of its operational domain with clarity.
Is Uphold Available in the United States?
Uphold is available in the United States, serving residents across various states, including Alabama, Alaska, Arizona, Arkansas, Connecticut, Delaware, the District of Columbia, Florida, and Georgia. However, residents from New York cannot open new accounts and people from the Virgin Islands cannot access its services at all.
Uphold adheres to regulatory requirements in each state, ensuring compliance with money transmission licenses and related regulations.
Residents can find specific contact information for formal complaints or inquiries in their respective states, as Uphold maintains transparency and cooperation with local regulatory authorities. Stay informed and engaged with Uphold’s services, tailored to meet the needs of users in the USA.
Can Uphold be Accessed Via VPN?
Uphold via VPN is not advisable, as it may result in severe legal consequences. For example, U.S. regulations explicitly state that engaging in such actions could lead to a 20-year imprisonment and a $250,000 fine. Uphold maintains strict compliance with legal standards, and attempts to bypass restrictions through VPNs compromise legal standing and financial security. Uphold users should prioritize adherence to regulations and avoid attempting unauthorized access through VPNs.
Uphold Alternatives
If you are exploring alternatives to Uphold in the US where it’s unavailable, BYDFI, a notable cryptocurrency, offers users ample opportunities for exceptional services. Read out our detailed BYDFI review for further insights about the platform.
Alternatively, if you live outside the US consider BTCC stands as a reliable option with low fees and substantial trading volume. Check out our comprehensive BTCC review for additional details.
Uphold Supported Countries
Uphold extends its financial services to many countries, fostering global accessibility for users. Uphold caters to a versatile user base including nations like the United States, United Kingdom, Canada, Australia, and many more. Welcoming a wide-reaching presence, Uphold empowers users worldwide to seamlessly engage in transactions and investments. Explore Uphold’s website for an up-to-date list of supported countries, ensuring a smooth financial experience across borders.
Bottom Line
When choosing a cryptocurrency exchange, understanding international restrictions is essential. If your location poses limitations for Uphold, it’s vital to explore alternatives. U.S. users may explore Bitunix, a licensed platform, while globally, BTCC emerges as a strong option. Stay informed by looking into our detailed Uphold review to gain insights into the platform’s features and determine its suitability for your specific needs.
FAQs
1- Is Uphold available in the US?
Uphold is available in the United States, serving residents across various states except for the Virgin Islands. The platform adheres to state-specific regulations, holding licenses such as the Money Transmission License in Alabama and Money Transmitter License in Arizona.
Uphold ensures compliance with state authorities, enabling users in the U.S. to engage in financial transactions seamlessly Uphold adheres to regulatory requirements in each state, ensuring compliance with money transmission licenses and related regulations.
2- Is Uphold available in Canada?
Yes, Uphold is available in Canada. However, users must acknowledge and accept the associated risks outlined in the Uphold Canada – Platform Risk Statement. Uphold is actively pursuing registration and exemptive relief under Canadian securities laws, with ongoing applications. Notably, there is no guarantee of approval, and in the absence of granted relief, Uphold’s services may be subject to modifications or withdrawal.
3- Is Uphold available in the UK?
Yes, Uphold is available in the United Kingdom. Residents of the UK can access and use Uphold’s services, including crypto asset trading. Before signing up, users are advised to carefully read and understand the terms and conditions outlined in the User Agreement, recognizing the high-risk nature of crypto asset investments and the need to evaluate potential economic risks.
4- Does Uphold Require KYC?
Yes, Uphold requires Know Your Customer (KYC) verification. During the account creation process, users are prompted to provide identification and a selfie to ensure authenticity. This verification helps Uphold maintain a secure platform and guarantees a quick and hassle-free process for users.
