What Are the Similarities and Differences Between Uphold and Coinbase for Cryptocurrency Trading?

You're probably wondering if you should be using Uphold or Coinbase. Below in this article, we outlay the main points of each platform and make a comparison to help you reach a decision.

Coinbase

The most widely known and used cryptocurrency exchange in the United States. It's used by many beginners who are trying to get their hands on cryptos. For this reason, it's quite a common platform for those looking to make transactions with Bitcoin, but the platform has around 50 cryptocurrencies in total. It accepts both debit and credit cards and wire transfers.

Uphold

This is a cloud-based financial service platform that enables individuals to securely move, convert, hold and transact in various assets. It was founded by Halsey Minor, founder of CNET. Uphold offers 43 cryptocurrencies. You can fund your accounts from credit/debit cards, bank accounts, or cryptocurrency networks. You can also move funds from one form of value to another in one easy step.

For example, you can go from DASH to XRP with a simple exchange (you can't do that with Coinbase).

Comparison

Keep in mind that Coinbase has higher fees, higher transactions, and pricier features when compared to Uphold. It's also worth mentioning that Coinbase lacks features, as it is designed with the beginner in mind.

In my personal experience, Uphold works better for intermediate traders, as it satisfies most traders' needs. Check both platforms so you can choose the better option that works for you.