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Product Updates

Understanding Uphold's Crypto Tiers

  • 22 Jul, 2022

  • 1 Min read

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One of our company goals is to give users access to new tokens quicker than anyone else. Building integration for new blockchains, however, is a detailed and time-consuming process. To solve this, we occasionally list tokens prior to fully integrating with the underlying blockchain, accelerating the timeline for users to buy, hold, send, or sell the asset. We call these “Tier 4” assets.

Once the integration with the blockchain network is complete, we upgrade the asset to “Tier 3,” which enables users to buy, hold, sell, or send, just like Tier 4, but also to deposit and withdraw the asset to and from external crypto wallets.

Before a customer buys a Tier 4 asset, we’re always careful to make any limitations associated with that tier very clear.

We understand having full control of your assets is an important part of crypto, and we’re always working to upgrade new tokens from Tier 4 to Tier 3. Keep checking our blog and Twitter feed for a number of announcements expected this year. 

Learn more about our Tier structure for non-crypto assets like fiat currencies and equities here.

Greg Lunt photo
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  • Crypto Expert

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Greg Lunt photo
Written by
  • Crypto Expert

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