Post
Topic
Board Bitcoin Discussion
Topic OP
Be aware of UPHOLD
by
JaimeAlejandro
on 07/09/2022, 18:38:24 UTC
If you are buying BTC throughout an exchange, be aware of UPHOLD. I had an account with them until just right after the war in Ukraine began. In March, they went nuts and started asking questions about public keys where I had sent BTC from the exchange, the origin of my funds, information about my employer, and other that would have revealed personal information about people I have economic relations with and that is absolutely nuts. Actually, it is illegal in the European country where I live, as it probably is in any EU country to reveal such information, as it is protected by personal data protection laws. They did not care. I refused to provide such information because I could be legally liable for that information release, but they did not care. They kept on asking for it and, finally, they blocked my account.

I had no funds in that account, but if I had had, guess what… I could have never recovered my BTC or my fiat. I do not hold anything in exchanges, and I hope serve to others who still trust exchanges. DO NOT! Remember, not your keys, not your coins!

So, be aware of UPHOLD. Look up for other options. There are plenty. UPHOLD is just a shitty exchange sold to the interests of who knows what government or country (probably UK or some other Baltic Republics that have gone absolutely nuts with the war in Ukraine).