Binance is one of the most well-known names in the crypto exchange market while Uphold has entered the fold with an interesting services offer. Binance offers a simple fee structure and user interface and Uphold has a variety of assets available apart from cryptocurrencies.
Find out which of the two is better at the end of this seven-factor Binance.US vs. Uphold comparison.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Round 1: Uphold vs. Binance.US on vital statistics
Binance.US and Uphold offer a similar number of digital assets for buying, selling and trading. Binance.US has one of the best fee structures in the world and has a Visa debit card. Uphold offers users both crypto assets, stocks and metals assets. It has a Mastercard debit that allows users to spend any of those assets as well.
Uphold has more cryptocurrencies than Binance.US in addition to its other assets mentioned in round 1. It also offers Ripple (XRP) while Binance.US doesn’t. Plus, Uphold has more trading pairs than Binance.US. Uphold wins this round due its higher asset and trading pair selection.
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.
Winner: Uphold
Round 4: Fees and costs
Minimum deposits
US$10
Deposit Fees
Debit/Credit Card Transactions: 2.49% Bank transfer: None Google Pay: None
Uphold has a somewhat complex fee structure for almost all types of trades on its platform. The trading fees are much higher than Binance.US. It also charges for cryptocurrency withdrawals apart from the network fee, though its fiat wire fees are cheaper than Binance’s.
Binance.US charges a flat fee of 0.1% on trade for both makers and takers, with reductions through Binance Coin (BNB).
Winner: Binance
Round 5: Wallets
Uphold has no proprietary wallet, only its exchange wallets. Binance.US has the proprietary Binance Wallet in addition to its exchange wallets. The Binance Wallet is noncustodial and is compatible with both the Binance Smart Chain (BSC) and Ethereum networks. It can store NFTs and interact with decentralized apps such as Uniswap or PancakeSwap.
Uphold’s exchange wallets provides no such utility and are solely for storage.
Winner: Binance.US
Round 6: Ease of use
Binance.US is an easy-to-use platform for crypto beginners, with a fairly simple trading interface.
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. You can easily swap between crypto, fiat, commodities, metals and more all on the same trading page, change the currency the trade is based on, set repeating orders and set limit orders.
Winner: Uphold
Round 7: Security
Uphold has never been hacked, though individual accounts have been compromised. Binance.US has never been hacked, but its parent company Binance has. Affected users were reimbursed.
Uphold undergoes third-party due diligence, audits and tests systems and has a bug bounty program in place. Binance has an insurance fund for affected users but none of the other features Uphold does. Uphold also has an insurance fund, which is publicly visible and shows all its reserves on a live up-to-date page.
Winner: Uphold
Binance.US vs. Uphold winner: Uphold
Taking five of seven categories, Uphold is the clear winner in Uphold vs. Binance.US.
Uphold offers more crypto assets than Binance.US in addition to its non-crypto features. Binance.US has a noncustodial wallet available and cheaper fees, but Uphold is simply easier to use and offers far more services in one place. Both offer debit cards that allows you to spend any of your assets globally.
Uphold is a convenient, easy-to-use trading platform for beginners and gives them access to far more than just crypto while having excellent security and reserve transparency. Click on the green button below to go to Uphold’s site.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Evan Jones was a writer for Finder. Evan was introduced to cryptocurrency during the 2017 bull market and has been writing about it full-time since 2019. Having already completed a degree in history, he has completed an editing certificate. See full bio
Learn about BitFinex cryptocurrency exchange where you can buy and sell 100+ coins and tokens. Discover features, fees and more in Finder’s BitFinex review.
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