Uphold vs Binance, 2022 Update
Read our In-Depth Uphold vs Binance Review - Updated for 2022
This Uphold vs Binance review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this Uphold vs Binance review does not apply to all countries as follows:
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
Binance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Uphold vs Binance
Every online trading platform will have a few ups and downs, and no Uphold and Binance review would be complete without showing both sides. Compare Uphold and Binance to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between Uphold or Binance. Which one is best in 2022?
Our Uphold vs Binance comparison contains the most recent information so you can easily compare Binance against Uphold.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of brokerage as you keep trading. For starters, you need to select the ideal agent who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. Uphold and Binance are just two such companies which will take you and your investment into great heights. It is important to compare Uphold vs Binance until you trust them with your money.
Our Uphold vs Binance comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Uphold and Binance side by side.
Our full Uphold vs Binance Review covers everything you will need to learn about trading with either Uphold or Binance. A good agent can multiply your first investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your broker before you choose them. It's a common misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
Uphold and Binance are both brokers which have found their way successfully to the broker world. Within this review, we have attempted to collate some of the vital aspects of both Uphold and Binance. This review can allow you to know whether either Binance or Uphold is a fantastic match for your investments or not. We have tried to breakdown all the features and fees for your advantage.
Benefits of Uphold and Binance Compared
Uphold has a minimum deposit of $1 while Binance has a $100 minimum deposit.
Why smaller minimum deposits are good and how Uphold and Binance compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Uphold allows you to trade around 211 financial instruments whilst Binance has around 211 financial instruments available.
The more instruments you can trade on the Uphold and Binance trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Uphold or Binance.
Uphold and Binance Contact Details
Being able to contact your broker easily is a sign of a professional broker. Uphold and Binance have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | Uphold | Binance |
| Telephone Number | +1 (415) 925-2711 | +1 929 228 3440 |
| support@uphold.com | support@binance.com | |
| Address | 700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US | Melita Court Level 3 Triq Giuseppe Cali Ta' Xbiex XBX 1420 Malta |
| Uphold Twitter Account | Binance Twitter Account | |
| Uphold Facebook Page | Binance Facebook Page | |
| Uphold Instagram Account | Binance Instagram Account | |
| Uphold LinkedIn Page | Binance LinkedIn Page | |
| YouTube | Uphold YouTube Channel | Binance YouTube Channel |
| Find Out More |
|
|
Binance and Uphold Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Uphold and Binance will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Uphold vs Binance - Awards
Uphold vs Binance - Frequently Asked Questions
Uphold vs Binance - Headquarters And Year Of Founding
Uphold was founded in 2013 and has its head office in United States.
Binance was founded in 2017 and has its head office in Japan.
What is the minimum deposit for Binance or Uphold
The minimum deposit for Uphold is $1.
The minimum deposit for Binance is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Uphold and Binance are a good option.
Uphold vs Binance - Regulation And Licencing In More Detail
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
Binance is regulated by Unregulated.
Binance is unregulated but Uphold has a strong set of rules for ensuring fair trading onto its individual platforms. For information encryption functions, they supply industry-standard secure socket layer (SSL).
In accordance with their own privacy regulation, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Uphold vs Binance Commission And Fees
Uphold and Binance are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of fees for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you're paying a spread, funding rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither Uphold or Binance charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who often exchange, for example daily or weekly trading.
However, non-trading fees billed by Uphold and Binance are relatively lower. As a result, you are charged more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This Uphold vs Binance review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Uphold And Binance
What Languages Do Uphold And Binance Support?
Being able to talk easily with your online broker is a key part of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both Uphold and Binance offer communication in.
How Many Clients Do Uphold and Binance Have?
Both Uphold and Binance are well established with their client base. It is really important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many clients Uphold and Binance are active on their platform
What Payment Methods Do Uphold and Binance Accept?
Uphold and Binance both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Uphold and Binance
What Can You Trade With Uphold and Binance?
Uphold offers 211 trading instruments while Binance offers 52.
Below you will find a full breakdown of what both Uphold and Binance offer.
Compare Uphold To All Other Brokers
Compare Binance To All Other Brokers