Uphold vs. Binance.US: Which crypto exchange is better?

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.

Round 1: Uphold vs. Binance.US on vital statistics

Overall rating	★★★★★	★★★★★
Costs rating	★★★★★	★★★★★
Registered
Exchange location	USA	USA
Offers a debit card
Earn returns on crypto
	Go to site More Info	More Info

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.

Winner: Uphold

Round 2: Supported coins

Number of tradeable crypto assets	229	151
	Go to site More Info	More Info

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.

Winner: Uphold

Round 3: Supported fiat currencies

Number of supported fiat currencies	27	1
Supported fiat currencies	GBP, ARS, AUD, EUR, INR, BRL, CAD, CNY, NZD, HRK, CZK, DKK, USD, HKD, HUF, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, RON, SGD, SEK, AED	USD
	Go to site More Info	More Info

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	Bank transfer: None Credit card: 3.99% Debit card: 2.49% Google Pay: None	Bank transfer: None Wire transfer: None Debit card: 3.75% Apple Pay: 3.75% Cryptocurrency: None
Trading Fee	$1 flat fee on trades Spreads also apply	Maker: 0-0.30% Taker: 0-0.45%
Withdrawal Fees	Cryptocurrency: subject to network fees Bank transfer: None Google Pay: None	Bank transfer: None (minimum $1 withdrawal) Wire transfer: $10-15 (minimum $100 withdrawal) Cryptocurrency: Fees vary
Deposit methods	Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay	Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer, Apple Pay
	Go to site More Info	More Info

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.