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Coinbase vs. Uphold: Which Crypto Exchange is Right for You in 2022

Coinbase vs. Uphold Crypto Trading Platform Comparison

Coinbase is a popular cryptocurrency exchange that serves as a perfect option for beginners. You can trade a wide array of cryptocurrencies through this platform. On the other hand, Uphold not only supports crypto but also allows you to trade precious metals and stocks.

Both Coinbase and Uphold have different types of users. So to give you an idea of which is better for you, we have compared both these platforms. Here, you can find a detailed comparison of features like fees, user experience, mobile apps, and technical charting. So let’s dive in without any further ado.

Coinbase Trading Platform

Coinbase Cryptocurrency Exchange

Purchasing crypto with Coinbase is an easy and hassle-free procedure. You can buy your preferred crypto via bank transaction, PayPal, or debit card. However, all these payment methods can cost you some extra fees.

Also, you can earn free crypto with “Coinbase Earn”. You can earn cryptos by simply watching short videos about different cryptocurrencies. In addition, Coinbase supports different fiat currencies such as USD, GBP, and Euro. Coinbase relies on 2 Factor Authentication, biometric logins, and AES-256 encryption to improve the overall security of the cryptos. Besides, Coinbase stores 98% of its cryptos in cold storage. The rest of the cryptos are ensured.

Notable Features

  • PayPal withdrawal facility
  • Highly secure hot wallet
  • Available in more than 100 countries

Key Features

  • Easy-to-use dashboard
  • Supports a wide range of cryptocurrencies
  • Offers educational content

Pros

  • Buy Bitcoin, and other cryptos is a breeze
  • Offers an advanced trading platform
  • Ability to earn free crypto

Cons

  • High fees
  • Not available in Hawaii

Uphold Trading Platform

Uphold is a multi-asset digital money platform which offers financial services to a global market and allows investors to diversify their money into digital assets, stocks, and precious metals.

Apart from crypto assets, Uphold allows you to trade between various supported assets. You can trade directly between supported assets as there is no restriction as to currency pairs. You can also trade non-crypto assets. These include precious metals, foreign currencies, or even some shares of stocks.

In addition, you can also earn free BAT cryptocurrency by simply using the Brave browser. You can withdraw these cryptos to your Uphold account. With its AutoPilot feature, you can take advantage of automated transactions. This feature allows you to schedule up to $100 in Bitcoin monthly and automatically trade cryptocurrencies, equities, precious metals, and more.

Uphold also comes with the Limit orders feature. It allows you to have 50 orders in a row while using the same pool of capital. Besides, third-party integrations make it possible to use amazing features like Taxbit and Tap Rewards.

Notable Features

  • Third-party integrations
  • Trade between any supported assets

Key Features

  • Trade non-crypto assets
  • Automated transactions

Pros

  • Trade crypto, metals, and stocks
  • Swap any supported asset
  • Earn Brave browser rewards

Cons

  • Fewer supported cryptocurrency

Coinbase vs. Uphold Comparison

Here, we have compiled an in-depth comparison between the essential features of Coinbase and Uphold.

1. Coinbase vs. Uphold: Fees

Before making any investment, crypto traders do consider the fee structure. This is what we are doing here. To avoid spending more than you earn, make sure to make a wise decision. Unfortunately, both Coinbase and Uphold have complex fee structures. Upholds even hides some of the charges in the asset price spreads.

Depending on the trade size, Coinbase charges somewhere between $0.99 to $2.99. A spread of nearly 0.50% is also added to the fees. Although Coinbase isn’t that affordable, it does appear so when compared with the spread at Uphold.

The fee charged by Uphold ranges between 0.8% and 1.2% on both ETH and BTC transactions. This fee exceeds up to 1.8% on various other cryptocurrencies. In some cases, spreads could be much higher. For precious metals, the spreads include 3% and 0.2% for major fiat currency pairs.

2. Uphold vs. Coinbase: User Experience

When it comes to ease of use, Coinbase stands out among the rest. This is why Coinbase is the top choice for U.S.-based crypto traders. First, signing up for an account is easy. Both the website and app offer a straightforward interface.

Uphold, on the other hand, is a bit trickier. It takes some additional time to get started. Once you are logged in, you can navigate through the interface. The ability to trade in different types of assets makes it slightly complex. So, it doesn’t offer the best possible user experience that you can expect from a popular crypto trading platform.

3. Coinbase vs. Uphold: Mobile Apps

Both Uphold and Coinbase offer mobile apps to access your accounts while on the go. These apps provide you with all the features you find on the web-based platform. To some users, mobile versions are a lot easier than desktop-based platforms. The features are more streamlined, and the interface is simple too.

Coinbase features are available with the app launched for the leading Coinbase platform. For the Coinbase wallet, you can use another dedicated app launched by Coinbase. With Uphold, you don’t have to install multiple apps, as there is a single app that allows you to manage your account without any hassle. Both these apps are compatible with iOS and Android devices.

4. Uphold vs. Coinbase: Technical Charting

Also referred to as the ‘Candlestick’ chart, Technical charting is a faster and more reliable way to stay updated with market trends. This facility is available with both Coinbase and Uphold. However, Coinbase charting is easy as compared to Uphold. Since Uphold offers a variety of assets, the charting is complex too. However, professional traders can analyze the market trends without any issues.

Final Verdict

To conclude, Coinbase has surfed up as a better choice for beginners. The only issue these trading platforms has is their difficult-to-understand fee structure. However, you can make up for the higher fees by making larger trades. Active traders can even save more by taking advantage of advanced trading options.

On the contrary, Uphold adds excitement by allowing you to trade between various supported assets. For those looking to diversify their investment portfolio with more than digial assets, like gold, silver and stocks, Uphold is the top pick. But unfortunately, even after offering so much to trade, it lacks the user experience that Coinbase offers to its crypto investors and traders.

Risk Disclosure: Any investments come with an inherent risk, where you could end up making less money than what you put in. Before investing your hard-earned cash, be sure to speak with licensed professional financial advisor first. Always remember that past performance is not an indication of future returns.

Disclaimer:  This website's owners may be compensated for suggesting certain businesses, goods, and services. While we do everything possible to verify that all of our content is accurate, the information we provide may not be impartial or unbiased, and it does not constitute financial advice.

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