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Uphold closing accounts

By garethvjones | Crypto Nomad | 21 Nov 2022


I've just read a post on Reddit that Uphold banned an account because the money received into the account was by deceit.

Uphold have every right to administer their service how they see fit, but the kicker here is that the money was legitimately deposited into the account from Brave Rewards. I'm not sure how Brave Rewards are flagged as being deceitful, but we need to be aware that this is happening. 

So the question is, how safe is Uphold to use with Brave? Seeing that Uphold is one of only two options for users of Brave it's looking pretty grim that this is going on. And, it's not an isolated incident. Reading the comments there are many people who have been banned from Uphold with no recourse or refund being given.

I have been using Uphold with Brave for some time and have not encountered any problems personally, but I think it's good practice to keep an eye on this.

What do you guys think? Let me know in the comments below.

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