Uphold is not a bank, by design.
Traditional banks operate what’s known as fractional reserves and make money by loaning out your deposits for interest, exposing these deposits to significant, and sometimes unknown, risk.
At Uphold, we’re different. We maintain a full reserve of all member funds. That means for every dollar, euro, pound, gold or silver held in a member’s Uphold account, Uphold holds an equivalent amount of assets in our reserve.
Our members can rest assured their money is safe, 100% of the time.