Uphold or Coinbase – which is better for UK traders 2024? Compare Uphold and Coinbase in this detailed breakdown of their platforms, features and fees.
Uphold is a digital asset platform offering a range of services, from crypto trading and staking to payment cards that provides rewards and easy multi-currency payments. The company was established in 2015 and has enabled $4+ billion in transactions. Uphold is now active in 180+ countries and deals in 200+ crypto and fiat currencies.
Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
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Pros
Fees are competitive based on tests, with 26 underlying platforms helping to source the best prices
Uphold continues to remain ahead of the industry, often being one of the first platforms to list new crypto tokens
Crypto staking is available on 30+ tokens with above-average rates up to 16%
Uphold is 100% reserved which helps to protect client funds
Over 250 cryptos are available including major tokens like Bitcoin and Ethereum
The proprietary app is extremely easy to use with a slick design and navigation
UK users can get the Uphold card with up to 2% cashback in XRP
Two-step authentication bolsters user security
Powerful purpose-built crypto trading platform with backtesting capabilities
Well-regarded crypto exchange with thousands of tokens available
One of the most trusted brands in the crypto space
Fast execution speeds on the trading software
Slick app with excellent customer feedback
Margin trading available in some countries
You can sign up in three quick steps
Cons
The charting analysis features on the platform trail specialist exchanges
Customer service is slow based on tests, with limited contact options
There is a 2.49% fee if you want to use debit or credit cards
You can buy and sell 250+ crypto assets with fiat currencies or in crypto pairs using the straightforward mobile app or through Uphold's browser-based account homepage. This is significantly more than many rivals. You can also earn up to 16% APY by staking one or more out of 32 valid tokens, or send tokens to an external wallet.
With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges.