Uphold vs. Gemini: Compare Cryptos, Features, Fees, & More


Cryptocurrency continues to survive and thrive, even in this volatile financial market and the bombardment of regulations.

As Wall Street, retail investors, businesses, and consumers adopt the crypto realm, even more exchanges and trading platforms will embrace digital tokens or dedicate their infrastructure to virtual currencies.

A simple search on Google will yield plenty of results for exchanges where you can buy, sell, trade, and hold your crypto.

You may have seen two of them: Uphold and Gemini. But what are they and which one is better?

We have compiled a guide that spotlights these websites and explains the differences, whether the Gemini wire transfer fee or Uphold deposit methods. We have an in-depth look at all the features provided by the two websites.

Which Cryptos Does Uphold Offer?

Uphold supports at least five-dozen digital currencies that include the following:

• Bitcoin (BTC)
• Cardano (ADA)
• Chainlink (LINK)
• Digibyte (DGB)
• Dogecoin (DOGE)
• EOS (EOS)
• Ethereum (ETH)
• Litecoin (LTC)
• Polkadot (DOT)
• Ripple (XRP)
• Solana (SOL)
• Stellar (XLM)
• Tron (TRX)

What Cryptos Does Gemini Offer?

Gemini also has a lengthy list of supported cryptos. In fact, like Uphold, Gemini supports at least five dozen cryptocurrencies. Some of the major ones include the following:

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Chainlink (LINK)
• Dai (DAI)
• Dogecoin (DOGE)
• Ethereum (ETH)
• Filecoin (FLC)
• Litecoin (LTC)
• Polygon (MATIC)
• Uniswap (UNI)
  

Uphold vs. Gemini

Feature Comparison

Uphold

Gemini

Supports dozens of cryptocurrencies

Available in many countries and all U.S/ states

Good variable spread

Fees have a variable spread from 0.65% to 1.85%

2FA

The wallet allows for two-factor authentication (2FA) and private key encryption

Permits several transactions

These include selling, buying, holding, and limiting

Minimum trade

Allows for minimum trade that equals to the smallest amount of cryptocurrency that can be traded

Security

Solid security for the consumer, including platform insurance against theft.

No account minimum

There is no account minimum required

Permits the investor to earn interest on any holdings

Education hub

Provides an education hub on crypto for novices

Assets held in offline cloud storage

Assets held in offline cloud storage

Bug tracking



Uphold users have instant bank connectivity in 36 countries via credit/debit card payments. The user can purchase cryptocurrency directly with a credit card or a linked bank account in Europe or the United States

In addition, Uphold also supports four precious metals (silver, gold, palladium, and platinum) and two carbon credit tokens (Bitcoin Zero and Universal carbon)

With Gemini, each cryptocurrency has its own withdrawal fee. But these fees only come into play when you withdraw more than ten times each calendar month. Users will also have a list of trading minimums for cryptos available on Gemini.

But what about the exchange fees? That is the $64,000 question. Or, in this case, the 1.5 BTC question.

Pricing Comparison

Uphold

The fees -- or lack thereof -- are quite attractive for any novice or veteran crypto investor.

Uphold offers free service. The website also has no deposit or withdrawal fees in most locations. But there is a fee for withdrawal of funds to private wallets.

Meanwhile, there is also a spread fee anytime you purchase an asset.

Withdrawals to European banks through SEPA and U.S.-based banks through ACH are free.

While Uphold gives an estimate of its spread fees on the website, not all fees are transparent, and they do vary.

Gemini

For the most part, the Gemini wallet fees are slightly higher compared to Uphold. They consist of charges for spread and fees for each transaction.

Fees are charged for every transaction whether you buy or sell crypto on Gemini, and the same fees apply where you use the website or your smartphone. The fees will always be displayed as the quoted price before making the final transaction.

Moreover, Gemini has a convenience fee of 0.5% for a crypto trade, and a transaction fee based on the amount traded. The fee does vary depending on the currency you use.

Customer Support Comparison

Both Uphold and Gemini have been celebrated for their exceptional customer service. Both cryptocurrency exchanges offer 24/7 support, whether it is the Uphold live chat or the Gemini email. They also have general FAQs that could potentially resolve your problem or answer your inquiry.

Mobile App Comparison

So, Uphold and Gemini maintain decent web-based platforms. But what about their mobile applications?

On Uphold, the app is available for both the Apple iOS and Google Android. It has superb user functionality, making the app easy to navigate.

Gemini is a bit different.

The Gemini app has a simple interface that allows novices to quickly learn and venture throughout the platform with ease.

Gemini's fees are higher than Uphold on its and mobile apps. However, this is offset by the robust security it offers clients for all its assets, which is critical in today's crypto ecosystem.

Final Verdict: Is Uphold or Gemini Better?

Gemini has garnered the attention of lots of serious cryptocurrency investors, especially for its regulatory status and derivatives products. Plus, the company is expanding into other markets throughout Asia and Europe, making the liquidity environment far more prevalent.

Uphold, however, is a terrific service for novice digital token traders. Everything about the website, from buying Bitcoin to selling Dogecoin, easy to do.

Overall, the edge has to go to Uphold for its wide selection of cryptos, in addition to its 23 conventional currencies and four precious metals. With very little trading and non-trading fees, Uphold possesses the advantage over some of its competitors, including Gemini.