Uphold vs Crypto.com | Cheapest Trading Fees & Best Products?
Jack Moreau
Feb 2024
9 min read
Fact checked
Uphold vs Crypto.com: We've compared both exchanges on a variety of metrics such as KYC requirements, supported countries and cryptocurrencies, product offerings, trading fees, deposit methods, and more. Keep reading to find out which platform best fits your needs!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Uphold and Crypto.com are two popular digital currency platforms that provide users with a range of services to trade cryptocurrencies, precious metals, and fiat currencies.
Uphold was founded in 2013 by Halsey Minor, is registered and based in London and is available in 184 countries. Uphold boasts a workforce of over 300 employees and has over 10 million registered users.
Uphold exchange
Uphold has gained popularity for its user-friendly interface, diverse range of assets and commitment to security and transparency.
The platform supports over 300 cryptocurrencies such as Bitcoin, Ethereum and many other popular digital assets. Uphold also supports traditional fiat currencies like USD, GBP plus commodities like gold and silver.
Uphold's unique "Anything-to-Anything" trading feature allows users to seamlessly convert between different asset classes in a single transaction.
Uphold also prioritizes security and regulatory compliance, adhering to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols.
In terms of country limitations, Uphold is currently not available in Argentina, Australia, Austria, Belgium, Germany and Netherlands.
Uphold is of course available on both Android and IOS where it has over 5 million downloads with a fantastic 4.7 rating based on 40,000 reviews.
Uphold Android app
Crypto.com on the other hand was founded in 2016 by Kris Marszalek and Bobby Bao in Singapore and is available in 180 countries around the world including the United States, Canada and the UK.
The exchange has amassed an impressive user base of over 80 million users worldwide. Aside from spot and margin trading, staking, lending and wallet services, Crypto.com also offers their own Visa Card, which allows users to spend their crypto holdings and earn rewards.
Crypto.com exchange
The platform supports 250 cryptocurrencies such as Bitcoin, Ethereum, and more, with derivatives and margin trading being restricted in Cyprus, Czech and Denmark.
The platform is available on Android and IOS with over 10 million downloads and a stellar 4.6 rating based on over 400,000 reviews.
Crypto.com app
Uphold vs Crypto.com Signup & KYC
Uphold and Crypto.com are two popular exchanges that require KYC for all their users.
Uphold's signup process is quick and straightforward, users just need to provide an email, password and select their country of residence to open an account.
Uphold signup process
Once the account has been opened, users must then complete KYC by providing additional personal information and government ID.
Uphold KYC
Uphold's verification process can be done as quickly as in a few hours but can take up to 24 hours to process.
Crypto.com's signup process is just as easy, as users can create an account by providing an email and password.
However, to use all of Crypto.com's services including trading, users must complete KYC by providing their full legal name and a picture of a government-issued ID.
Crypto.com Signup
The verification process on Crypto.com typically takes a few minutes to complete once all the required documents have been submitted.
Overall, both Uphold and Crypto.com have similar KYC requirements and relatively quick verification processes.
For those that wish to buy and sell cryptocurrencies without going through KYC, we recommend exchanges such as MEXC.
Uphold vs Crypto.com Products & Services
Uphold and Crypto.com are two popular cryptocurrency exchanges that offer a range of products and services to their users.
Uphold allows its users to buy and sell over 300 cryptocurrencies, trade metals like gold and silver and national currencies like USD and GBP.
Uphold cryptocurrency support
Additionally, Uphold supports staking with over 30 different cryptocurrencies such as ATOM, MINA, DOT, FLR and AUDIO.
Uphold Staking
They also make it easy for users to conduct repeat purchases allowing users to automate their investments and dollar cost average their way into positions.
Uphold Interface
Uphold has a clean and simple interface which is perfect for beginners who are not comfortable using more traditional cryptocurrency exchanges. Besides being easy and safe to use, Uphold also has 1-1 backing on all funds on their platform.
Crypto.com has risen to prominence as one of the leading exchanges in the world which it has achieved through aggressive marketing efforts and by offering a solid range of products.
Crypto.com USPs
Central to the offerings of Crypto.com is spot trading that lets users buy, sell and trade a selection of over 290 mostly well-known digital currencies like BTC and ETH.
Crypto.com Crypto Markets
For those who wish to explore more advanced trading techniques, Crypto.com provides margin trading where traders can amplify their gains or losses by taking long or short positions with up to 5X leverage.
Crypto.com Margin Trading
In addition, Crypto.com has broadened its scope to include derivatives trading in order to cater to more seasoned traders with access to over 100 perpetual and quarterly futures contracts with 20X leverage.
For those that wish to use trading bots when trading, Crypto.com has implemented automated trading options through three different types of bots: grid, DCA (Dollar-Cost Averaging), and TWAP (Time-Weighted Average Price).
Crypto.com Trading Bots
These bots are designed to assist users in executing trades based on specific strategies, reducing the need for constant market monitoring.
While Crypto.com’s trading volumes are competitive with top 30 rankings and with $1 billion in 24-hour spot and derivatives volumes, they are not close to being best-in-class.
Beyond trading, Crypto.com offers a range of financial products such as earn and staking options where users can earn interest on over 20 digital assets.
Crypto.com Earn
When it comes to staking rewards, users who don't mind doing a bit of extra work will find more advantageous returns by staking their assets directly on the blockchain.
Crypto.com Staking
For those who prefer to use their cryptocurrencies for real-world expenses, Crypto.com’s Visa Card offers an attractive feature. Users can earn up to 10% cashback on their payments, bridging the gap between digital and traditional financial transactions.
Crypto.com Visa Card
Crypto.com also ventures into the world of NFTs and digital collectibles by offering hundreds of collections on blockchains like Ethereum, Polygon, Solana, and Cronos Chain.
Crypto.com NFTs
This includes popular collections like Bored Apes and Pudgy Penguins, making it a vibrant marketplace for NFT enthusiasts.
For users who prioritize security and control over their digital assets, Crypto.com has developed its own non-custodial wallet.
Crypto.com Wallet
This DeFi wallet is available in various formats including as a desktop wallet and a browser extension, offering a secure and convenient way for users to store, trade, and earn on their cryptocurrencies.
Lastly, for high-net-worth individuals and institutional clients, Crypto.com provides an OTC (Over-The-Counter) trading section where whales can conduct transactions ranging from $50,000 to $5,000,000.
When it comes to trading fees, Uphold and Crypto.com offer different rates and incentives for their users. Let's take a closer look at each exchange.
Uphold charges a $0.99 USD fee for cryptocurrency transactions under $100 and a spread of 0.9-1.8% for trades above that.
Uphold also does not offer any rebates for higher trading volumes which means that users pay the same fees irrespective of how much they buy and sell.
Crypto.com charges a much lower spot maker fee of 0.075% and a spot taker fee of 0.075%. Additionally, Crypto.com offers incentives for traders to lower their fees.
Monthly trade volumes exceeding $250,000 or holding at least 1000 CRO tokens can result in lower trading fees.
Crypto.com spot fees
In summary, Crypto.com has done a great job of keep their spot and futures fees low and competitive while Uphold users will pay a steeper for the convenience and easy of use offered by Uphold.
When it comes to depositing fiat currencies, Uphold and Crypto.com have different options available for their users.
Uphold offers support for USD, EUR and GBP with various deposit methods for each. For USD deposits, Uphold allows bank transfers via ACH or Wire, while for EUR deposits, SEPA transfers can be used.
Faster Payments (FSP) is the available deposit method for GBP. All fiat bank transfers are free of charge, but Uphold charges a deposit fee of 3.99% for credit card deposits and 2.49% for debit card deposits.
On the other hand, Crypto.com only supports USD deposits via wire transfer. However, there is no deposit fee for wire transfers or USD bank transfers.
While Crypto.com does not have other fiat deposit options, it does offer instant purchase with credit/debit card via MoonPay, Banxa, Advacash and Simplex. But beware of the expensive credit card fees, which can range from 2-5% per transaction.
When it comes to fiat withdrawals, Uphold and Crypto.com have different options and fees.
Uphold offers fiat withdrawals for USD, EUR and GBP via bank transfers (ACH/Wire), SEPA and Faster Payments (FSP).
The fees to withdraw funds on Uphold are $2.99 for crypto withdrawals (not including blockchain fees) and $3.99 for bank withdrawals.
On the other hand, Crypto.com only offers fiat withdrawals for USD via bank transfer. Although this method is also free of charge, it doesn't offer as much flexibility as Uphold's options.
When it comes to cryptocurrency withdrawals for Bitcoin and Ethereum, Crypto.com charges 0.0001 BTC and 0.04 ETH, which is one the higher end.
For Solana and ERC-20 Tether, Crypto.com charges 0.03 SOL and 10 USDT per withdrawal. Again, this is on the higher end compared to most exchanges.
Uphold is a popular digital currency platforms that provide beginners with a simple and beginner friendly way to trade cryptocurrencies, precious metals, and fiat currencies.
In terms of available cryptocurrencies, Uphold supports over 300 cryptocurrencies and altcoins, while Crypto.com supports 250 cryptocurrencies.
In terms of trading fees, Uphold charges a $0.99 USD fee for cryptocurrency transactions under $100 and a spread of 0.9-1.8% for trades above that.
On the other hand, Crypto.com charges a spot maker fee of 0.075% and a spot taker fee of 0.075%, which is quite a bit lower than Uphold's spread.
While Uphold offers a limited range of products tailored to beginners, Crypto.com offers many more products and services which includes spot and margin trading, perpetuals, warrants, trading bots and opportunities for users to earn yield on their assets.
As such, Crypto.com is a more complete exchange than Uphold with a wider target group that includes beginners, traders and institutional clients.
In terms of depositing fiat currencies, Uphold offers more options for depositing fiat currencies, including USD, EUR, and GBP, while Crypto.com only supports USD deposits via wire transfer.
However, Crypto.com does offer instant purchase options with credit/debit card, but beware of the expensive credit card fees.
When it comes to fiat withdrawals, both exchanges offer free fiat withdrawals via bank transfers, but Uphold once again provides more variety in terms of methods and lower fees.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
