Electrum vs Uphold Comparison
| Company |
|
|
| User rating |
User rating
3.7 / 5
12 user review
|
User rating
1.7 / 5
70 user review
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4.4 / 5
|
| Trust Score
How it works
|
Trust Score
4.03 / 5
|
Trust Score
3.85 / 5
|
About
|
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
|
Uphold is a multi-asset platform that allows users to store, buy, and convert various crypto assets. The system supports not only 30 cryptocurrencies (and Utility Tokens) but also allows you to exchange 27 national currencies and 4 precious metals. This digital wallet is designed to quickly and easily store assets, send funds to other Uphold users around the world, and instantly exchange currency. Using a 100% redundancy model, Uphold subsidizes all user assets in a 1: 1 ratio from its own funds.
|
Founding Date
Country
Languages
|
English
|
English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese
|
Wallet type
|
Software wallet
|
Software wallet
|
Storage type
Private keys
Available coins
|
1
- Bitcoin (BTC)
|
34
- Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), NEO (NEO), VeChain (VET), OmiseGO (OMG), Bitcoin Gold (BTG), Nano (NANO), Dogecoin (DOGE), Zilliqa (ZIL), Decred (DCR), 0x (ZRX), DigiByte (DGB), Enjin Coin (ENJ), THETA (THETA), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), Matic Network (MATIC), Filecoin (FIL), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), Chia Network (XCH)
|
Security
|
No data
|
Third Party Encrypted
|
Anonymity
Ease of use
Has attached card
Has trading facilities
Has vouchers and offers
Features
|
No data
|
2 Factor Authentication
|
| About |
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
|
Uphold is a multi-asset platform that allows users to store, buy, and convert various crypto assets. The system supports not only 30 cryptocurrencies (and Utility Tokens) but also allows you to exchange 27 national currencies and 4 precious metals. This digital wallet is designed to quickly and easily store assets, send funds to other Uphold users around the world, and instantly exchange currency. Using a 100% redundancy model, Uphold subsidizes all user assets in a 1: 1 ratio from its own funds.
|
| Founding Date |
Founding Date
2011
|
Founding Date
2015
|
| Country |
Country
International
|
Country
USA
|
| Languages |
Languages
English
|
Languages
English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese
|
| Wallet type |
Wallet type
Software wallet
|
Wallet type
Software wallet
|
| Storage type |
Storage type
Cold wallet
|
Storage type
Hot wallet
|
| Private keys |
Private keys
Available
|
Private keys
Available
|
| Available coins |
Available coins
1
- Bitcoin (BTC)
|
Available coins
34
- Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), NEO (NEO), VeChain (VET), OmiseGO (OMG), Bitcoin Gold (BTG), Nano (NANO), Dogecoin (DOGE), Zilliqa (ZIL), Decred (DCR), 0x (ZRX), DigiByte (DGB), Enjin Coin (ENJ), THETA (THETA), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), Matic Network (MATIC), Filecoin (FIL), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), Chia Network (XCH)
|
| Security |
Security
No data
|
Security
Third Party Encrypted
|
| Anonymity |
Anonymity
No data
|
Anonymity
Medium
|
| Ease of use |
Ease of use
No data
|
Ease of use
Easy
|
| Has attached card |
Has attached card
No data
|
Has attached card
no
|
| Has trading facilities |
Has trading facilities
No data
|
Has trading facilities
yes
|
| Has vouchers and offers |
Has vouchers and offers
No data
|
Has vouchers and offers
No data
|
| Features |
Features
No data
|
Features
2 Factor Authentication
|
Social
Website
Twitter
Advantages
|
- Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required.
- Decentralization. The wallet is fully decentralized.
- Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking.
- Control over private keys. Their import or export.
- Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money.
- Wallet recovery using seed-phrase from which private keys are generated.
- Transparency, which is provided by the publication of open-source code.
- Manually set commission size.
- Bulk translations.
- Multilingualism. There are translations in different languages in the wallet.
|
- Support of the wide range of popular cryptocurrencies, fiat currencies, and precious metals;
- Licenses availability;
- Easy to open and use;
- Mobile applications for Android and iOS;
- Two-factor authentication;
- Easy money transfers to users inside the Uphold system.
|
Disadvantages
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
- The methods of the account replenishment depending on the user's place of residence;
- A conversion fee is charged whenever you buy or exchange currency.
|
Rating
| User rating |
User rating
3.7 / 5
12 user review
|
User rating
1.7 / 5
70 user review
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4.4 / 5
|
| Advantages |
Advantages
- Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required.
- Decentralization. The wallet is fully decentralized.
- Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking.
- Control over private keys. Their import or export.
- Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money.
- Wallet recovery using seed-phrase from which private keys are generated.
- Transparency, which is provided by the publication of open-source code.
- Manually set commission size.
- Bulk translations.
- Multilingualism. There are translations in different languages in the wallet.
|
Advantages
- Support of the wide range of popular cryptocurrencies, fiat currencies, and precious metals;
- Licenses availability;
- Easy to open and use;
- Mobile applications for Android and iOS;
- Two-factor authentication;
- Easy money transfers to users inside the Uphold system.
|
| Disadvantages |
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Disadvantages
- The methods of the account replenishment depending on the user's place of residence;
- A conversion fee is charged whenever you buy or exchange currency.
|
Electrum user rating is 3.7, based on 12 user reviews. Uphold user rating is 1.7, based on 70 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
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Electrum vs Uphold - Which Wallet Is Better in 2024?
This Electrum vs Uphold comparison is based on the most recent data on both companies. We do our best to provide you with unbiased information about cryptocurrency companies.
Based on user reviews only, Electrum is rated 3.7 with 12 user reviews, while Uphold is rated 1.7 with 70 user reviews.
Let's finally move to overall Trust Score:
