Uphold vs. Coinbase

Cryptocurrency exchanges like Uphold and Coinbase make it easy to buy or sell Bitcoin and Altcoins. Both trading networks allow investors to buy coins using a bank account or credit card and offer a crypto debit card. Coinbase was founded in 2012 and went public via a direct listing in 2021.1 Uphold was founded in 2013 and launched its platform in 2015. For people looking to buy precious metals or conduct crypto-to-crypto transactions, Uphold is a great option. But it can seem overwhelming at first for those new to investing in cryptocurrencies' foreign exchange market today. On the other hand, Coinbase distributes crypto to learn crypto trading, which makes it a great choice for beginners. We reviewed Uphold and Coinbase based on the ease of use of each platform, unique features, total cost, and the number of currencies. We also looked at mobile apps, security, and the differences between US and international user experiences.



Uphold vs Coinbase: which one to choose?

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Benefits

1Offer to trade metals, stocks, and cryptocurrencies 2No convenience fees for buying stocks through a bank account 3Sending money to a friend or family member for free.

Disadvantage

1 Much more prevalent than Coinbase 2 and European users cannot trade shares 3 Less educational resources than Coinbase.

CASH

Benefits

1Offers crypto rewards for learning crypto 2A Less prevalent than Uphold 3 Advanced platform is available.

Disadvantage

1High convenience fees for transactions 2Less crypto trading pairs than Uphold 3Cost 1.49% for purchases through a bank account.

Uphold vs Coinbase: Currencies

Uphold and Coinbase offer a nice selection of cryptocurrencies. They support fewer coins than popular websites like Binance, but more than exchanges like Bitstamp. Coinbase offers 66 cryptocurrencies and stable coins, while Uphold offers 50. Both exchanges support 28 of the same coins, including Bitcoin (BTC), Bithereum (BTH), Aave (AAVE), Polygon (MATIC), Dogecoin (DOGE), Cardano (ADA), and Dash (DASH) forex trading platform in India. There are 36 altcoins on Coinbase, but not on Uphold. But users looking to trade multiple assets will appreciate Uphold's unique offerings. Uphold supports four precious metals (gold, silver, platinum, and palladium) and two CO2 credit tokens, Universal Carbon (UPCO2) and Bitcoin Zero (BTC0). In addition, some Uphold users can buy fractional shares of around 40 companies such as Amazon, Facebook, Microsoft, and Apple. Both cryptocurrency exchanges accept fiat currency and users can purchase fractional coins. However, Coinbase only offers 77 crypto-crypto trading pairs, while Uphold supports “all-in-all” which means users can access over 1,000 trading pairs.



Uphold vs Coinbase: Security

Coinbase and Uphold meet or exceed strict US and international laws regarding Know Your Client (KYC) and account verification. In addition, both companies fully disclose information about their security measures on their websites best brokers in India for forex. USD funds on Coinbase are insured by the Federal Deposit Insurance Corporation (FDIC) and hold 98% of crypto funds in cold stores. Additionally, they offer a bug bounty program and maintain theft or fraud insurance for funds held by Coinbase. By comparison, Uphold notes specific security features for European users, including holding around 90% of funds in cold stores and insuring against security breaches for currencies held on the stock exchange. It offers a "transparency" page with their live status.

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