Binance vs Uphold: Compare Features, Fees & more

Coinbase and Uphold both offer a mobile app for Android and iOS phones. The apps offer nearly full functionality compared to the websites. That said, you won’t find advanced charting options on either of them. However, the Coinbase app appears to be a bit more mature with fewer bugs and navigation issues, earning it higher user ratings.

uphold vs binance

Uphold also has a 3.99% fee for debit or credit card deposits, while the Uphold cashback debit card has a $9.95 one-time fee followed by $2.50 for withdrawals. Besides, bank transfers attract a flat fee of $3.99, although you may also incur other costs from the third parties, such as wire transfers. Binance has some of the lowest trading fees in the industry. The platform does not charge a deposit fee, while withdrawals cost a percentage of the transaction. Each trade carries a standard fee of 0.1% and a 0.5% fee for instant buy/sell.

Which is Better: Uphold or Binance US?

Uphold’s platform is similarly easy to use and apart from the higher fees for its trading interface, it’s even simpler than Binance’s. Uphold supports a wide range of fiat currencies from all over the world while Binance.US only supports USD. Uphold also supports more fiat deposit methods than Binance.US and allows you to spend your assets using Mastercard debit.

So, if you want to know the better option and trade with confidence, keep reading. Uphold is a platform where they claim you can trade “anything to anything.” But is Uphold safe and legit? Find the best Cross-Chain DEX to bridge assets like USDC or USDT to the Canto Blockchain. That said, there’s no definitive answer as to which exchange is better, as it depends on your circumstances.

uphold vs binance

Binance’s user interface may feel cluttered and clunky at times. Most experienced traders appreciate the diversity that Binance offers, while less experienced users might find its features overwhelming at first. On the flip side, Uphold was launched earlier, in 2015, and allows trading of traditional assets such as fiat currencies and gold in addition to cryptocurrencies.

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You get access to over 500 cryptocurrencies and virtual tokens. They include the popular ones such as Bitcoin , Ether , Dogecoin , Litecoin , and the platform’s token, Binance Coin . Software developer Changpeng Zhao founded Binance in 2017.

Uphold and Binance can be used for different purposes and are well-suited for teams with specific needs. Compare Uphold and Binance during demo to decide which one is best for your business. Binance US is a low-fee exchange popular with frequent crypto traders in the US. A variety of cryptocurrencies and fiat currencies can be purchased or sold on exchanges like Binance and Uphold. This Binance vs. Uphold comparison is composed to give you a better idea about those platforms for cryptocurrency users. Find the safest and easiest way to buy Cryptocurrencies like Bitcoin and Ethereum with a Rabobank account.

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  • Investopedia requires writers to use primary sources to support their work.
  • Uphold also has an insurance fund, which is publicly visible and shows all its reserves on a live up-to-date page.
  • Binance charges 0.1% for trading fees, however, this is offset by the fact that it earns on the spread between its buy and sell prices of up to 2%.
  • Uphold has a more straightforward user interface with easy navigation and less overwhelming options.

So, if you’re looking to trade less popular coins, then Binance is probably the better option. If you’re elsewhere in the world, then you can use the Binance global platform. Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

It is available to use in 100 countries, to see if your location is supported, visit Binances Country Selector. Binance also has a mobile app available for iOS and Android devices. It is a highly rated app and has achieved 4.7 stars from 33K reviews on the Apple App Store. On the Google Play Store it is rated 4.24 stars from 1.2M reviews. Binance is a digital asset exchange founded by Changpeng Zhao and was launched in 2017. This centralized digital exchange has advanced swiftly to where it is now.

Can I use Binance in the US?

You can trade directly between stocks, crypto, precious metals, and national currencies. Besides a spread for every trade, Uphold charges no commissions, no bank deposit fee, and no withdrawal fee. Uphold is a global trading platform that lets you trade multiple assets. While Coinbase and Uphold are reasonably easy to use, Coinbase offers more resources for beginners than Uphold does.

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Uphold is currently supported in over 150 countries globally, to see the full list of supported countries, visit Upholds Non-Supported Jurisdictions page. Uphold has 24/7 customer support via live chat, email and phone in two languages, English and Spanish. The customer service team can also be reached via one of Upholds many online communities including Facebook, Twitter, LinkedIn and Instagram.

It is also licensed and regulated in numerous jurisdictions globally, increasing the confidence investors can place in securing their funds. Uphold and Coinbase are available to U.S.-based and international users. However, residents of Hawaii are excluded from both platforms.

Reasons to choose Binance over Uphold

Uphold also has an insurance fund, which is publicly visible and shows all its reserves on a live up-to-date page. Uphold has never been hacked, though individual accounts have been compromised. Binance.US has never been hacked, but its parent company Binance has. Uphold’s exchange wallets provides no such utility and are solely for storage.

This is the sort of chair that can be used to sit on in a video game world. But it is important to understand that you do not have to uphold every part of your sit-on-a-chair existence. Both Uphold and Binance provides standard features to cater diverse industry needs. While Uphold offers add-ons along with essential features, Binance emphasizes on customization. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

uphold vs binance

Find the best exchange to buy Bitcoin and Cryptocurrencies with a Citibank Online account or Citibank Credit Card. Coinbase continues to stand out from the competition for its ease of use. The signup process is straightforward, and it’s easy to find details about the platform, cryptocurrencies, and even learn how to get started trading. Investing in cryptocurrencies, Decentralized https://xcritical.com/ Finance , and other Initial Coin Offerings is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.

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With a secure virtual wallet, you’ll be able to use it to store Bitcoins as well as Ethereum. Binance, as you may know, is the world’s largest crypto exchange service when it comes to daily trading volume. Here are the best exchanges to buy bitcoin and other cryptos.

Overall, both offer a great experience with plenty of features and benefits for users. Read a comparison of eToro and Coinbase trading platforms. Dash 2 Trade is an innovative cryptocurrency analytics and trading signals platform that was just released.

Uphold

We also looked at the overall cost of investing, including the spread and various fees. Then we compared both platforms on supported currencies, ease of use, and accessibility for living in the U.S. and internationally. Lastly, we considered the usability of the mobile apps and thought about several use cases to determine what type of investors would feel most comfortable on each platform. Additionally, you can trade, stake, lend, borrow and earn over 350 cryptocurrencies. It also offers an NFT marketplace, a P2P marketplace, mobile app and much more.

Comparison of Uphold vs Binance In terms of Features

You can purchase FGHT on t he official website using ETH, USDT, and credit cards . The downside is that spread fees are difficult to keep up with, so you might unknowingly pay higher than what competitors are charging. The website provides estimated spread fees, but this can vary depending on market activity.

Uphold vs Binance – Final Verdict

Uphold and Coinbase are secure exchanges offering a good selection of cryptocurrencies and features useful to traders, such as Uphold’s AutoPilot and the Coinbase Earn program. But, people wanting a multi-asset trading platform should head to Uphold to buy precious metals, national currencies, and environmental tokens. Meanwhile, those wanting potentially lower fees and more chances to earn free crypto will appreciate the Coinbase or Coinbase Pro platforms. Binance.US and Uphold offer customers staking and a similar number of digital assets for buying, selling and trading.

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