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Pros

  • Fully reserved and transparent
  • Multiple tradable asset classes
  • Over 300 supported cryptos
  • Early new token support
  • Easy trading experience
  • Multiple additional features (wallet, card, etc.)

Cons

  • No live customer support
  • May have a steeper learning curve

What is Uphold?

As I mentioned earlier in this Uphold review, it's a crypto broker platform. This means that while it functions as an exchange, it also aggregates multiple liquidity providers to offer users the best possible market prices with fixed rates.

It allows users to trade more than 300 cryptocurrencies and a few precious metals, such as gold. Not only does the Uphold exchange offer a solid selection of assets, but it also provides various features like spot trading and the recurring buying option, making it easy to set up automated trades or stick to a trading strategy.

Uphold review: homepage.

The platform also supports staking and various order types, but its offerings don’t stop here. It provides a secure hot wallet, a crypto debit card, and more.

Uphold has been operating since 2014, bringing over a decade of experience to the industry. It's a highly secure and regulated platform that also features a clean and intuitive interface. So, if you're looking for an exchange that is both safe and easy to use, Uphold is a solid choice.

That said, let’s dive into its pros and cons to get a clearer picture of how Uphold ensures its position as one of the most popular crypto exchanges.

Latest Uphold Coupon Found:

Uphold Reviews: PROS

As per usual, I'll start off my Uphold review by covering the main benefits of this platform. If you’re interested in Uphold features, wallet functionality, and more, you’ll be glad to know that all of these things fall under the “pros” umbrella!

A Multi-Functional Platform

Probably one of the biggest benefits associated with the Uphold crypto platform is the fact that it’s multi-functional. What does that mean, exactly?

Well, some time ago, many traditional cryptocurrency exchanges would only offer their users the chance to trade crypto assets, and that’s it. If the exchange were custodial, it would also be able to act as a wallet, but that’s the extent of it.

With time, though, and with the increase in popularity of crypto, in general, exchanges started offering their users additional features - advanced trading options, superior storage, and so on.

Uphold review: one-step trading.

Quite a few user Uphold reviews will tell you that the platform in question does, in fact, offer a rather significant array of different features and functionalities to its customers.

Uphold allows you to easily trade crypto, but it also provides advanced trading tools, such as take-profit and trailing stop-loss orders. Also, you can set up automatic recurring transactions for dollar-cost averaging, a strategy that can help reduce risk.[1]

To give you ease of mind, it allows you to place up to 50 limit orders using a single pool of capital. Meaning that you can execute buy or sell trades at the prices you set without constantly monitoring the market. Plus, you only pay fees when the trade is executed.

Uphold review: wallet options available on Uphold.

To add to that, Uphold is not only about crypto trading; it's also about storing! In fact, to secure your assets, it has three different wallet options, all equipped with various security measures and two of them are integrated into the Uphold app for seamless use.

The first one is the Uphold wallet, which is a simple custodial wallet that allows you to store your crypto assets. If you want additional security and control, though, you can use the Uphold Vault feature. It provides an assisted self-custody storage option for your assets.

What does it mean "assisted"? Well, you get two private keys that only you have control of, but Uphold also provides a secure key replacement service via the third Uphold key. So, in total, there are three keys. Don't worry, though two keys are required to control your crypto, so Uphold will never be able to do that.

Uphold review: Uphold Vault private keys.
Another perk of this Vault is the fact that you can still easily use your assets because it has instant access to the Uphold trading platform. Just note that the Vault has a subscription fee ($4.99/month or $49.99/year if paid annually), but you do get a 30-day free trial.

📚 Read More: Uphold Vault

The third crypto storage option offered by Uphold is traditional self-custody via UpHODL, a multichain Web3 Wallet. It's a separate app that can be used to store and manage various crypto assets and NFTs. Besides that, it can be connected to various DeFi trading venues.

So, essentially, Uphold allows you to buy, trade, and store crypto assets all in one place. It even offers staking services where you can earn up to 17.6% APY.

As of writing, UpHODL is not available in the US, Canada, the UK, the EEA, Japan, Singapore, or other jurisdictions where Uphold is unavailable overall.

To top it all off, there’s also the Uphold Card available to be used, too. However, this is something that likely deserves a discussion on its own.

Uphold Debit Card

More and more specific cryptocurrency-related platforms (exchanges, APY-driven projects, etc.) tend to offer their users the chance to acquire crypto-based debit cards. Some of the more popular examples would include cards from Bybit and Coinbase.

Nevertheless, the Uphold card is worth mentioning, too. To be frank with you, it’s actually a pretty awesome product offered by the company in question.

The Uphold Card is available for UK residents only. Even though US citizens could acquire this card in the past, unfortunately, this is no longer the case.

Since it’s a MasterCard, you can shop online from over 50 million merchants worldwide and withdraw money from basically any ATM that supports MasterCard. The card instantly converts crypto into the required national currency. Plus, you can easily link it to Apple Pay or Google Pay for added convenience.

Uphold review: Uphold debit card.

Do note that there is a £2.50 fee for national ATM withdrawals and £3.50 for foreign ones. Also, if you want to get a physical card, you'll have to pay a one-time shipping fee of £9.95. However, the Uphold card charges 0% foreign transaction and annual fees, as well as offers low exchange rates.

The best part is that the Uphold card provides users with cashback rewards on all their purchases. You get a 1% cashback that is paid out in GBP. The rewards are calculated at the end of each month and then added to your Uphold card balance.

The one major con that somewhat overshadows the Uphold card is mentioned above - the fact that you won’t be able to acquire or use the card if you’re not located in the UK. However, if you DO reside within the country in question, this obviously doesn’t apply to you.

Latest Uphold Coupon Found:

Strong Security Features

As you might imagine, security is at the top of the features that you should be looking into when searching for a reliable exchange platform, no matter if you’re reading through Uphold reviews or any others.

Is Uphold safe and legit, fundamentally? Yes, it is - the platform is very meticulous about the security features that it applies across the board and lacks any experience with major hacks or security breaches.

Uphold review: Uphold's security features.

User fund-wise, as stated earlier, you may choose to store your cryptocurrency assets in Uphold storage options. While they will always be accessible, at the same time, Uphold claims that the majority of its users’ funds are kept offline  in cold storage devices.

While it’s a feature that has become the standard in the industry, it’s also  one of the safest ways to go about it, as well. This, however, is not where Uphold’s attention to security ends.

Uphold never loans out their user assets, so the platform is always 100%+ reserved and very transparent about that.

The company publishes its assets and liabilities in real-time and participates in (at least) annual security audits, all performed by an independent third party. There are penetration tests, new feature integrations, currently existing feature improvements, and so on.

Uphold review: fully reserved and transparent exchange platform.

To add to that, if you’re still not sure "Is Uphold safe?", you should also keep in mind that Uphold encrypts all processes on the platform (trading, emails, software, etc.) and follows strict KYC and AML rules and regulations.

KYC (Know Your Customer) and AML (Anti-Money Laundering) are the two big sets of financial regulations that many reliable exchanges apply to their users nowadays. While it may seem inconvenient, and some may even see it as a breach of privacy,  KYC is definitely mandatory  in order to keep the ecosystem safe and drive all of the potential scammers away.

Additionally, it's worth noting that Uphold's operating entities are domiciled and licensed in the US, the UK and the EU.

Scope

Compliance & Registrations

United States

Registered as an MSB with FinCEN

United Kingdom

EMD Agent of an Electronic Money Issuer regulated by the FCA

European Union

Licensed and domiciled

Certifications

Holds SOC 2 Type 2, ISO 27001, and PCI/DSS certifications

Table: Uphold's licenses and certifications for compliance

All in all, if you were worried about the security side of things, you can rest assured - Uphold is a reliable and safety-oriented platform. You'll notice the same sentiment when reading through other user Uphold app reviews, too!

📚 Related: Cryptocurrency Security Guide

Wide Selection & Early Token Access

When picking out a cryptocurrency exchange for yourself, naturally, one of the first things that you’ll probably want to look into is  the variety of crypto assets available on the platform.

It makes sense, too - if you’re a beginner who wants to start trading BTC   and  ETH, you can easily trade them and also will be able to look into other assets in the future on the same platform. And if you’re an experienced trader, you’ll probably be happy to know that there’s a variety of assets you can pick from.

As I mentioned earlier in this Uphold review, the platform supports over 300 different cryptos. As you might expect, you can find all of the main crypto coins on the platform and a lot more of the less-known assets, too. And you can buy these assets with  more than 20 fiat currencies.

Following that, Uphold also allows you to trade various assets beyond cryptocurrencies, such as precious metals like gold, silver, platinum, and palladium. The platform previously supported stocks and forex, but these features are no longer available.

Uphold review: precious metals available on Uphold.

While many people who are interested in cryptocurrencies aren’t necessarily going to be too excited about trading other types of assets, this is still a wonderful feature to have, nonetheless. This is especially true if you consider that the precious metals functionality doesn’t interfere with the actual crypto exchange part unless you choose to trade between the two.

Since most regulated and centralized platforms don't have AMM functionality, they usually don't allow you to trade completely new tokens or coins or some of the more niche assets. However, when it comes to Uphold, it actually provides users with  the possibility of trading new important crypto assets early, even before they are listed on the majority of popular platforms.

Uphold review: early access to new tokens.

This is because it’s connected to 30 trading venues, including centralized and decentralized exchanges, along with several Layer-2 networks. This connectivity also ensures liquidity and allows Uphold to offer you some of the best crypto prices.

All things considered, if you’re looking for an exchange platform that would support a decent number of cryptocurrencies for you to trade, the Uphold exchange is surely one of the better options, in that regard. This, however, isn’t only due to the aforementioned reason, but also because of the trading intricacies of the platform.

Specifically, some customer Uphold reviews will tell you that the exchange allows you to trade different assets with one another without any difficulties.

Using Uphold's "Anything to Anything" trading interface, you’ll be able to trade one asset class with another - cryptos to gold, silver, fiat, and so on.

If you’re interested in traditional investment tools and are still looking to trade cryptos, this is an ideal scenario! Once again, it’s thanks to Uphold’s unique position of being able to offer its customers a wide selection of tradable assets.

App Functionality at Its Best

Reading through the different opinions that users have about Uphold, you will undoubtedly come across some Uphold app reviews, too.

The app in question is a fully functional platform in itself. This means you don’t need to have an actual desktop or laptop computer to access Uphold - you can do everything from registration and KYC  all the way to trading and storage right here, in the app.

Just like the desktop version, the app itself is also intuitive and simple to navigate through. It offers all of the core functionality that you might require from Uphold - this is true in regards to the wallet, exchange, and other services of the brand.

Uphold review: Uphold Card on mobile app.

Naturally, as you might expect, more and more people are using their mobile devices to access their crypto funds and transact with them, too. Mobile is a very convenient medium to do so - you are able to check on your assets on the go and don’t need to bring your computer everywhere with you.

Evidently, you might think that this is only important for wallets. However, if you aspire to be an active day trader, then catching the best possible prices for your assets is important! These prices can change momentarily, though - this is why being able to trade at any point in time becomes crucial.

All in all, the point remains the same - if you’re looking for an awesome and reliable crypto app, Uphold has got you covered!

📚 Read Next: Best App for Crypto Trading

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

Uphold Review: CONS

With all of the main benefits of the platform analyzed and discussed, let’s now take a look at some of the complaints that users' Uphold reviews have and whether or not it’s worth questioning - is Uphold legit?

May Have a Steeper Learning Curve

I did say before that Uphold has an intuitive interface, and this argument still stands. Then, what do I mean by this con? Let me explain.

Admittedly, nowadays, the vast majority of the top cryptocurrency exchange platforms aim to make their services as approachable and beginner-friendly as possible. It’s a very logical thing to do, too - as discussed in the introductory part of this Uphold review, there’s a huge influx of new people entering the cryptocurrency market.

“New people” usually means that there’s going to be a lot of confusion floating around. If your exchange is able to present itself as being approachable and super-simple to start using, chances are that it’s going to attract a lot of attention, and as a result, traction.

Uphold review: portfolio view.

Well, with the Uphold wallet and exchange, this isn’t completely the case. Multiple customer Uphold reviews report the platform being a bit tricky to figure out at first, especially if you have zero prior experience with crypto trading (or cryptocurrencies in general, for that matter).

This is partly due to all of the additional features and trading tools mentioned earlier in the review. With such a wide range of assets and the ability to trade between different asset classes, navigating the platform can feel overwhelming.

That said, I myself didn't really have any difficulties using the platform. Even though its interface differs from the more familiar layouts of other exchanges, its clear design makes navigation intuitive. Besides, it does offer one of the easiest ways to buy and sell crypto via its one-step crypto trading feature.

Limited Customer Support

Customer support is an essential part of any cryptocurrency exchange - that’s pretty obvious. If you come across any technical issues, or are stuck with your transaction, customer support is the very first place you’ll want to turn to.

That’s all fine and dandy. However, you might come across situations where you need help then and there - in other words, a problem that needs to be resolved ASAP.

In situations like these, you’d probably want to be able to contact support immediately. This, unfortunately, isn’t going to be an option with Uphold.

Uphold review: support center.

No matter if you’re reading through user Uphold app reviews or those that talk about the desktop version of the exchange, one thing remains the same with both versions of the platform - there’s no live customer support available.

You can only contact the support agents via a form or email, and they’ll get back to you via email as well. There’s no feature to call the support via phone or even get in contact with the company via live chat.

Most top-tier exchanges nowadays allow their customers to establish some sort of live communication with an agent - this allows you to rest assured that you’ll get your issue resolved in a quick and efficient manner. However, Uphold's help center is pretty extensive, covering most of its features and various possible issues.

Uphold Fees

Uphold fees are a somewhat controversial topic—or at least that’s the impression you might get from some user Uphold reviews found online. Whether this sentiment holds true largely depends on the specific cryptocurrencies you plan to trade. Allow me to elaborate on that.

If, say, you’re looking to trade cryptocurrencies such as  Bitcoin  or  Ethereum, things will be quite clear straight from the get-go - Uphold fees for these cryptos are  around 1,4-1,6%  in the EU, UK, and US. However, if you want to trade other cryptocurrencies, the spread of the Uphold fees can go  up to 1,9-2,95%.

Asset Type

Fee Range

Stablecoins

0.2%

Major Market FX

0.25%

Bitcoin (BTC) and Ethereum (ETH)

1.4% - 1.6%

Altcoins

1.9% - 2.95%

Precious Metals

1.9% - 2.95%

Table: Uphold trading fees in the US, UK and Europe

When it comes to  deposit and withdrawal fees, they vary based on your location, the asset in question, and payment method. However, they usually fall into the  0-3,99% range.

So… Where’s the confusion, then?

Well, as you can see, the spread of the fees varies depending on several factors, such as the cryptocurrencies you’re trading, your location, and more.

Uphold locks the price every 18 seconds and clearly displays the amount you’ll pay during the transaction.

That aside, Uphold fees are actually rather decent, especially if you’re looking to trade some of the better-known cryptocurrencies! Yes, the fees are far from being “low”, however, there are exchange platforms out there that offer far worse fee models to their clients.

That said, it’s worth mentioning that while you do have to pay some higher fees than with other traditional crypto exchanges,  the good variety of features available with the Uphold exchange does act as a sort of trade-off!

📚 Related: How to Withdraw Crypto from Uphold?

Uphold VS Coinbase

As you read through the different user Uphold reviews online, you’ll likely find the name “ Coinbase” mentioned quite a few times. This is because Uphold VS Coinbase is a rather fierce discussion - these two exchanges tend to get compared often.

However, the good thing here is that both of them are very different from one another and are aimed at somewhat different types of crypto traders. Let me explain.

Coinbase logo
Uphold logo

Overall Score

9.6
9.4

Best For

Advanced Users & Beginners Wide Range of Assets

Operating Countries

United States, United Kingdom, Germany, Canada, France, + 100 more United States, Argentina, United Kingdom, Mexico, France, +180 more

Latest Coupons

All Coinbase Coupons All Uphold Coupons

Verdict

A reliable, well-known and respected cryptocurrency exchange platform. A reliable multi-asset exchange for trading crypto, fiat, and precious metals.
Visit site
Read review
Visit site
Read review

Table: Coinbase VS Uphold comparison

As we’ve already established, Uphold is a multi-functional exchange. The platform offers its users a wide array of different benefits and tools - wallets, different asset class trading, a debit card, and so on.

My point here is that Uphold is aimed at traders who would like to explore other asset classes and not stay fixated on crypto. On top of that, since the platform isn’t all that simple to get into (by comparison, that is), it’s preferred by some experienced day traders and people who’d like to diversify their portfolios.

On the other hand, Coinbase separates its platform into two experiences: Pro offers more options than Uphold, while One is significantly simpler. In this sense, Uphold provides an experience that falls somewhere in between the two.

Coinbase also sets itself apart in the "Uphold VS Coinbase" debate by being widely regarded as one of the simplest and most beginner-friendly exchanges in the industry.

Uphold

Coinbase

User-Friendly Interface

User-Friendly Interface

Supports 300+ cryptocurrencies

Supports 240+ cryptocurrencies

Crypto, precious metals, and fiat currencies are available

Only crypto and fiat currencies are available

Fees vary from 0.2% to 2.95%

Fees vary from 0.5% to 4.5%

Only spot trading but offers advanced tools such as cross-asset trading and AutoPilot

Offers advanced trading options, including spot, margin, futures, copy trading, automated bots

Offers a Mastercard crypto debit card for UK residents only

Offers a Visa crypto debit card that can be used globally.

Table: Differences between Uphold and Coinbase

This is actually a point that the company itself emphasizes, as well. If you’re a complete beginner, Coinbase allows you to have an awesome experience getting to learn about crypto as you trade - there are even rewards for doing so! While Uphold also has a learning platform, it doesn’t include any earning opportunities like Coinbase does.

Both exchanges are secure and reliable, though. On top of that, they support a similar number of cryptocurrencies and allow you to store your coins and tokens in their hot wallets.

In short, it’s worth emphasizing that both Coinbase and Uphold are awesome crypto exchanges, yet each of them has their own target audience. At the same time, you can be sure to try out both platforms, too - perhaps that’s actually the way to go, in the first place?

📚 Read Next: Coinbase Review

How to Use the Uphold Cryptocurrency Exchange?

Now, with all of that being said and done, to finish off my Uphold review, let’s check out the actual platform itself, and how you can get started with using it.

First things first - how should one go about registering on the Uphold exchange?

STEP 1:

Go to the Uphold official website. You can also visit the App Store or Google Play Store to find and download the Uphold app. The process is essentially the same on both desktop and mobile. At the top of the page, on the right side, you’ll see a [Get started] button. Click it.

Uphold review: the [Get Started] button.

STEP 2:

Here, you will need to enter your initial details. These include your email and country of residence. After writing them, you will also need to create a password andthen click [Next].

Uphold review: write your email and password.

STEP 3:

Following that, you'll need to verify your email address. To do so, copy the verification code sent to your inbox and paste it on this page.

Uphold review: verify your email.

STEP 4:

You'll also need to verify your phone number. Simply enter it, click [Next], and enter the verification code sent via text message.

Uphold review: enter your phone number.

STEP 6:

After you pass a few more confirmation windows and give some more info about yourself, you’ll be all set to start trading.

Well, kind of. Before you make any “big moves”, you’ll need to do two things - pass the relevant KYC processes and fund your account.

The registration process is actually quite quick and very self-explanatory. You shouldn’t come across any hurdles whatsoever.

Uphold review: verify your identity.

In order to pass the KYC verification checks, you’ll have to provide Uphold with some private information. Specifically, you’ll need to identify yourself and provide proof of ID.

If you’re a crypto elitist, then this isn’t ideal. However, if that is the case, you probably already have a non-KYC exchange picked and are ready to start trading there.

If you have no issue with Uphold identifying you, then the KYC and AML checks shouldn’t prove to be a hassle at all. They are very standard and help keep the platform safe and sound.

Once you do all of that, you can then fund your account via a credit or debit card or a bank transfer, and start trading the cryptos (or other assets!) that you’d please!

📚 Further Reading: How to Use Uphold

Conclusions

Now that I’ve explained everything in this Uphold review, let's take a final look at the verdict on this exchange. Well, I think it’s rather self-evident - if you don’t fear a small challenge of getting around the advanced features of the platform, then Uphold is definitely worth checking out!

If you’re an advanced trader or are planning to become one, Uphold will provide you with all of the features that you might need, in your journey to come. This is true both in regard to functionality, as well as portfolio diversification, too. Well, the latter point is actually even cooler than it sounds. Uphold allows users to trade multiple different asset classes - over 300 cryptocurrencies and precious metals.

Nevertheless, this exchange is still suitable for every level of trader. It has a straightforward design that even a beginner can navigate and understand easily.

If you’re looking for a reliable crypto platform, and are excited to try out multiple features, the Uphold exchange and the Uphold wallet shouldn’t leave you disappointed! Don’t hesitate to check the platform out, and best of luck!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. M. J. Brennan, F. Li, W. N. Torous: ‘Dollar Cost Averaging Get Access Arrow’;

2. P. Bouchey, V. Nemtchinov, A. Paulsen, D. Stein: ‘Volatility Harvesting: Why Does Diversifying and Rebalancing Create Portfolio Growth?’.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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Recent Uphold User Reviews

Daniel P.
30/01/2025
Good work

Easy to use, many assets and specially decent fees, that's all I need

bigC
13/02/2025
Transparent

All the information of the team are transparent and clear, I believe its reliable

putinhuilo
11/02/2025
Sooo fast

Both fund and withdraw are so fast, love it!!

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11/02/2025
Ez work

exchange itself super easy to work with

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23/02/2025
Finally

EXCHANGE FOR US. WONDERFUL!!!

Pier
09/02/2025
Only US?

Hmm, why only US can use master card. Hmm..

Marek Slowski
25/02/2025
Customer support OK

A little bit slow since no live chat, but they are really helpful

Eamonn Esquivel
24/03/2025
Wait forever!!!

I have sent the support agent and wait for almost a week now. Where are they???

Anisha Everett
17/03/2025
Great app

Fast to download and smooth to use

Claire Frasier
21/02/2025
Like live chat

Even no live chat available, Uphold took only 3 hours to solve my problem. Better than many exchange out there

FAQ

Is Uphold legit?

Yes, the Uphold exchange is a legitimate platform. It follows all of the relevant rules and regulations and applies KYC and AML checks to its users. On top of that, Uphold allows you to both trade cryptos, as well as store them in a designated Uphold wallet or the Uphold Vault that offers assisted self-custody. The exchange also employs all of the essential security features in order to protect its user assets and is fully reserved, which is praised in several security-conscious user Uphold reviews!

Can you trade cryptocurrencies on Uphold?

Yes, you can. While Uphold does offer its users the ability to trade precious metals and fiat, the exchange mostly focuses on cryptocurrency trading. It also offers several crypto-storing options for its users, as well as staking and even a crypto debit card (only available for UK residents, though). Many user Uphold reviews left online do focus on the crypto exchange functionality of the platform, too.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no "other person" - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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