Gemini vs Uphold - which is the best

Today we offer to analyze two major cryptocurrency exchanges - Gemini vs Uphold, identify their advantages and disadvantages, compare them by main parameters. Choosing between these exchanges can be difficult because both have been operating for a long time, have similar functionality, offer a wide range of options and available currencies.


We have studied both crypto-platforms by all main aspects and will help to make conclusions on which one to choose - Gemini or Uphold, what are the main differences.


Gemini

uphold

Type of exchange

Сentralized

Сentralized

Year founded

2014

 2015

Registration country

USA

USA

Trust Score (Coingecko)

10

No rating

Cryptocurrencies / trading pairs

128

200+

Trading types

Spot

Spot

Fees

Taker: 0.10% - 0.25% Maker: 0.0% - 0.25%

0.65% - 1.8%

2FA

Yes

Yes

Mobile application

IOS, Android

IOS, Android

Daily trading volume on Spot market

$74 474 523 

No stats

Advantages and disadvantages of Gemini

Pros:

  • User-friendly
  • Great customer service
  • Cryptocurrency, bank and direct payments are free 
  • The first 30 withdrawals in a month are free
  • Fully official and compliant with banking standards. This makes it ideal for both corporate and individual clients
  • Low fees for exchanging assets. Cryptocurrency, bank and direct payments are free. More importantly, the first 30 withdrawals in a month are also free
  • Professional and quality services

Cons:

  • Limited choice of deposit methods
  • A lot of personal information is required to register. The project team wanted to make the exchange as legally compliant as possible. Unfortunately, this means providing the platform with a lot of personal information

Advantages and disadvantages of Uphold

Pros:

  • Exchange and Wallet in a single application
  • Ability to work with virtual MasterCard
  • The exchange is regulated
  • Large number of investment tools

Cons:

  • High commissions
  • Lack of anonymity

About Gemini Exchange

Gemini is a crypto trading platform that offers all major cryptocurrencies and tokenized assets, including Bitcoin, Litecoin, Ether, Bitcoin Cash and Gemini Dollar (GUSD), the company's own GUSD-backed stabelcoin. The platform has its own trading terminal with a mobile version, which, unlike most exchanges' terminals, is not an adaptive version of TradingView, but a fully authorial development with original functionality. Each user is provided with a multi-currency purse with an innovative data protection system. Gemini Earn investment program allows earning up to 7.4% p.a. on the simple storage of cryptocurrency. The company has a so-called Cryptopedia, which is a detailed articlebook on the basics of crypto-trading and investing.

About Uphold exchange

Uphold is a British exchange for trading cryptocurrencies, currencies, precious metals and stocks. From cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash, Cardano, BAT, Solana and several others are available. There are crypto-crypto and crypto-fiat pairs. Fiat includes the U.S. and Australian dollar, the euro, the pound sterling, and several other national currencies. You can trade through the website or a mobile app for iOS and Android. All users of a platform are given a free multicurrency purse with a debit card attached to it. All deposit and withdrawal options are available, including bank accounts and other cryptocurrencies. Commissions vary by assets and depending on the region, the maximum fee is 1.8% of the transaction amount. The site has an affiliate program, investment solutions are not offered.

Comparative analysis of Gemini and Uphold exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

Gemini offers:

  • Investment program with a high annual interest rate
  • Gemini Pay allows you to pay with cryptocurrency in stores
  • A lot of training materials (including video lectures)

Uphold offers: 

  • Many tools for trading
  • Staking
  • Metals trading

Available countries

Gemini and Uphold exchanges are available in more than 100 countries. These exchanges do not provide trading services in sanctioned countries. 

Payment methods

You can fund your Gemini and Uphold account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on Gemini and Uphold.

Available Cryptos and Tokens

Gemini currently supports 132 trading pairs and 106 coins. 

While Uphold supports 200+ trading pairs.

Verification (KYC)

Both Gemini and Uphold require KYC. Since both platforms try to meet different regulatory requirements, verification is required even when creating a regular account. There are three steps to verify your identity: linking your cell phone number for two-factor authentication, linking your bank account, and finally providing documents proving your address and identity.

The identity verification process is an important part of the account creation process. To make it as clear as possible for new users, we'll provide you with step-by-step instructions.

Account deposit

Exchanges offer the following options for funding the account:

  • Crediting a fiat account with a card or payment system
  • Purchase from a card
  • Direct transfer of cryptocurrency to the exchange address

Comparasion of Trading Fees

Commissions at Uphold are quite high, as noted above. Today, there are many sites where the service fee is much lower. Gemini's commission is much lower. 

Gemini:

  • Taker: 0.10% - 0.25%
  • Maker: 0.0% - 0.25%

Uphold:

  • Fee for transactions in U.S. dollars, euros and British pounds is 0.65%
  • Fee for exchange transactions is 1.05%
  • Fee for exchanging into fiat money is 1.4%

Account security

Gemini is one of the top exchanges when it comes to security, which is why its services are used by many large investors (whales) from the United States. Gemini passes the security benchmark. It is a New York City trust company subordinate to the New York City Department of Financial Services (NYDFS). Gemini has passed Deloitte's SOC 1 Type 2 and SOC 2 Type 2 exams and has received ISO 27001 certification.

Uphold's numerous patent-pending and proprietary technologies - including the Reserveledger™ and Reservechain™- vetted by regular independent audits, allow you to verify our obligations, transaction flows, assets, and solvency. At any time, you can confirm our reserve holdings and ensure that your funds are safe.

Passive earn on exchanges

Gemini Earn is a percentage cryptocurrency account feature on the Gemini Cryptocurrency Exchange. Gemini Earn allows users to transfer funds to an "Earn" account and earn up to 7.40% APY on BTC, ETH, Stablecoin and other altcoins.
Gemini Earn allows users to earn up to 7.40% APY on 50+ cryptocurrencies including BTC at 1.65%, ETH at 2.05%, 7.40% on DAI, GUSD and more.

Uphold allows earn up to 19.5% on your staked crypto. Put your digital assets to work and enjoy your crypto rewards.

Which to choose - Gemini or Uphold

Gemini has more favorable commissions and a wider range of investment areas. Otherwise the exchanges are similar.

KYC is required in both cases. Both exchanges are quite safe.

Disclaimer:

Crypto trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQs

Is Gemini crypto trustworthy?

Yes, Gemini is a trustworthy exchange. It is regulated by the New York State Department of Financial Services (NYSDFS), and it is one of the few exchanges that has been awarded a BitLicense. Additionally, Gemini is backed by the Winklevoss twins, who are well-known and respected in the cryptocurrency community.

Is Uphold trustworthy?

Uphold is a digital money platform that allows users to buy, convert, and hold cryptocurrencies. The company claims to be the first completely free, api-based cryptocurrency platform. Uphold also offers a built-in wallet and debit card so users can store and spend their cryptocurrencies.

So, is Uphold trustworthy? Overall, I would say yes. The company seems to have a good reputation and has been in operation since 2015. Furthermore, users tend to be pretty happy with the service (judging by online reviews). That said, there are always risks associated with any type of financial institution – so it's important to do your own research before investing any money.

What is similar to Uphold?

Some similar platforms to Uphold are Coinbase, Gemini, Kraken, Bitfinex, and Bittrex. These exchanges all offer similar services, allowing userS to buy/sell a variety of cryptocurrencies.


Does Uphold steal your money?

Uphold is a trusted company that has been in business since 2015. We have never had a single customer complaint about being scammed or having their money stolen. Uphold is regulated by the New York Department of Financial Services and is listed on the London Stock Exchange. We are committed to protecting our customers' funds and providing a safe and secure platform for them to buy, sell, store, and send digital assets.


Is it safe to keep XRP on Uphold?

Yes. Uphold is a reliable exchange that has been in business since 2015. It is one of the largest and most well-funded digital asset platforms in the world. Uphold has never been hacked and has a very strong security record. XRP is one of the safest assets on Uphold.

Conclusion

When choosing a cryptocurrency exchange, pay attention to all of the above factors, the reliability of the exchange, as well as the parameters that are important to you. It may happen that just one attribute will be decisive. Both exchangers, which we have reviewed today, operate for a long time, and therefore only worthy of trust. Both Gemini and UpHold are developing along with the whole cryptocurrency sector, which is necessary for any company to stay afloat.

Comparison of other exchanges

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>