Uphold

Crypto service provider · Larkspur, United States

Uphold is an American trading platform for cryptoassets, fiat currencies and precious metals, founded in 2015 and run by Uphold HQ Inc. It lets a customer swap directly between any two supported assets in one step and carries over 300 cryptoassets. Its US dollar interest account is opened through Atomic Brokerage and swept to program banks, paying 3.75% a year on balances of USD 10 or more and 2% below that. It also sells a business account aimed at multi-currency payouts to contractors and suppliers, with an open API. It is not a bank. It holds US state money transmitter licences under NMLS ID 1269875 rather than a charter, and it does not accept gambling, adult content, narcotics, weapons, payday lending, prepaid card providers or internet payment service providers as customers.

Legal name: Uphold HQ Inc.
Regulated by: FinCEN and US state regulators (NMLS 1269875, money transmitter licences in more than 40 states), California Department of Financial Protection and Innovation (digital financial assets application pending), FINRA and SIPC for the affiliate Uphold Securities Inc.
Licence confirmed: yes, on a regulator's own list
Established: 2015
Website: uphold.com

Scores, 0 to 10

8.0Customer satisfaction

Trustpilot rates Uphold 4.6 out of 5, described on the page as Excellent. · source

7.5Ethereum

ETH and tokens across 39 blockchains can be bought, held and transferred, and ETH is one of 23 assets in Uphold's staking programme, with some regions excluded. · source

7.0On-ramp: buy crypto with fiat

Business accounts link the company bank account with higher limits than personal ones and fund by ACH, wire, FedNow or RTP in the US and FPS or SEPA in the UK and EU, where the business contract covers the rail; EU deposits are paused since July 2026. · source

7.0Bitcoin

Business accounts can buy, hold, send and receive BTC with external wallet transfers; no BTC lending or institutional custody product was found. · source

6.5Best interest on business balances

The US dollar interest account pays 3.75% a year on balances of USD 10 or more, with FDIC pass-through up to USD 2.5 million through a ten-bank sweep, and staking rewards on more than 20 assets. · source

6.5Off-ramp: crypto to fiat in a business account

Sales pay out by ACH up to $25,000 a day, FedNow or RTP, FPS or SEPA, but wire withdrawals are not supported and business availability depends on rail and contract. · source

6.5Stablecoins (USDC, USDT and others)

Stablecoins can be held, converted among 67 currencies and metals and sent to suppliers from the business account, and its enterprise API covers stablecoins, though there is no dedicated stablecoin payout product for companies. · source

6.0Crypto-friendly bank

Uphold is itself a cryptoasset platform with more than 300 assets and staking on over 20 of them, but its prohibited list bars unlicensed virtual currency exchanges, so other crypto firms are accepted only case by case. · source

6.0Crypto wallet and custody for a business

Uphold business accounts hold 300+ digital assets under US money transmitter licences (NMLS 1269875), but Uphold Digital Assets Europe paused crypto and fiat deposits from 1 July 2026 while its MiCA application is still under review, and no multi-user approval controls are described. · source

5.5United States

Money transmitter licences in more than forty states under NMLS 1269875, with dollar balances held at Cross River Bank or JPMorgan Chase in unlicensed states, a pending California application and New York limited to liquidation only. · source

5.5Fast digital onboarding

Fully online sign-up for individuals and entities with no branch visit, though Uphold publishes no time to open a business account and reserves the right to reject applicants as its banking partners require. · source

5.5Financial strength & stability

Reserves are published in real time at 100.4% of obligations, USD 3.97 billion against USD 3.96 billion, and Uphold says it never lends out customer assets, but there is no audited statement, no rating and Canada withdrew. · source

5.0Cross-border payments, FX and multi-currency accounts

More than 300 currencies and assets with one-step conversion between any two, a 0.3% spread on major market foreign exchange and under 0.25% on stablecoins, but payouts run on ACH, wire and blockchain rather than local rails. The business account holds 67 currencies and precious metals with an open API, but there is no cash pooling, no hedging, no credit line and no host to host connection. · source

5.0Foreign-owned & non-resident companies

Uphold says it serves more than 140 countries with fully online sign-up, but Canada is closed, New York is limited to liquidation, California is pending and no accepted-country list is published. · source

4.5Lowest fees

No monthly account fee and free standard ACH, with wires at USD 10 below USD 2,000, but card deposits cost 3.99% and crypto trades carry spreads of 2.05% to 3.8%. · source

4.0Europe (EU, EEA, Switzerland)

Uphold says its operating entities are licensed or registered in the European Union and runs English and Portuguese European sites, but it names no specific EU authorisation and offers no euro IBAN. · source

4.0United Kingdom

Uphold lists the United Kingdom among the places its operating entities are licensed or registered and runs a UK site, but publishes no FCA registration number and no GBP account details. · source

4.0Business cards (Visa, Mastercard)

A Visa cardholder agreement and card rewards terms are published in the legal index, but the card is presented as a consumer product and no business card programme with spend controls is described. · source

3.5Startups & VC-backed companies

A company can open a business account online for multi-currency payouts, but there is no venture debt, no cap table integration and no pre-revenue programme. · source

3.5Accept crypto payments

The business account page says companies can get paid by international users in the currency they choose and send supplier payments, but there is no merchant checkout or crypto invoice product with published fees. · source

3.0Online businesses: e-commerce and SaaS

No card acquiring and no collection accounts, and the prohibited list bars internet payment service providers, crowdfunding platforms and direct marketing sellers. An open API and 67 currencies in the business account, but no local receiving account details, no accounting integrations named and no financing on recurring revenue. · source

2.0Fintech companies that need a partner bank

The prohibited list bars unlicensed money transmitters, payment service providers and e-money businesses outright, and also internet payment service providers and prepaid card service providers, so payment firms are not the client base. · source

1.5High-risk verticals (iGaming, cannabis, adult, forex)

The prohibited business list covers casinos, lotteries and gambling online or in person, sports odds making, adult entertainment and escort services, narcotics and cannabinoids, weapons and payday lenders, with gambling allowed only by prior written permission. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees, documentary collections or supply chain finance. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.