EToro vs. Coinbase: 2024 Comparison - NerdWallet (2024)

FAQs

EToro vs. Coinbase: 2024 Comparison - NerdWallet? ›

Generally speaking, users will find the widest selection of crypto options at Coinbase, but trading and transaction fees can be higher. EToro stands out for users who want guidance about their investments through the company's social investing feature, which offers the ability to copy trades made by other investors.

If you are looking for a social trading platform with a diverse selection of assets, eToro may be the better option. On the other hand, if you want access to a wide range of cryptocurrencies and high liquidity, Coinbase may be the preferred choice.

eToro is great for retail traders who want to crowdsource investment ideas using the power of copy trading, or for highly-experienced active traders who want to be rewarded for sharing their ideas with other traders.

Currently, the 3 largest cryptocurrency exchanges are Binance, HTX, and OKX. Total tracked crypto exchange reserves currently stands at $197 Billion. Trust Score is a rating algorithm developed by CoinGecko to evaluate the legitimacy of an exchange's trading volume.

The 'best' alternative to Coinbase may differ depending on your specific needs. However, Kraken is a great choice for its low fees and user-friendly interface. Who has lower fees than Coinbase? Exchanges like Kraken, Binance, and Robinhood offer lower fees on cryptocurrency transactions than Coinbase.

Although eToro charges zero commission, other fees can apply. There's a flat fee of $5 on withdrawals, for example. However, this sum is fixed, regardless of how much is withdrawn. eToro also charges inactivity fees of $10 per month as soon as the account has not been used for a year.

Explore other competing options and alternatives. Other important factors to consider when researching alternatives to eToro include ease of use and reliability. The best overall eToro alternative is TradingView. Other similar apps like eToro are thinkorswim, E*Trade Web Platform, MetaTrader 4, and MetaTrader 5.

Yes, eToro Australia is considered safe for trading. It is regulated by the Australian Securities and Investments Commission (ASIC), which ensures that it operates under stringent financial standards and regulations.

eToro adheres to the strict standards of investor protection set by leading regulatory authorities around the world. Every penny deposited by a client is held in a separate, segregated account. This means that even in the highly unlikely event of eToro's bankruptcy, you will be entitled to compensation.

eToro is one of the most established online brokerages offering crypto trading services in the United States. The user-friendly interface, available on the web and mobile, provides easy access to a range of crypto assets.

What is the safest crypto platform? ›

If you are looking to trade on a highly secure, regulated crypto exchange that offers a large number of supported cryptocurrencies, Gemini is your go-to choice. If you are looking to trade a wide range of new and small-cap crypto tokens, BitMart is arguably the best choice.

Coinbase is the largest U.S.-based cryptocurrency exchange, trading more than 200 cryptocurrencies.

The best overall Coinbase Exchange alternative is Binance. Other similar apps like Coinbase Exchange are UPHOLD, Kucoin, LocalBitcoins, and NiceHash. Coinbase Exchange alternatives can be found in Cryptocurrency Exchanges but may also be in Crypto Mining Software.

Launched in 2009, bitcoin remains the most popular and valuable cryptocurrency. It was developed by an individual or a group under the pseudonym Satoshi Nakamoto. Its decentralized, blockchain-based system to verify transactions has transformed how people view digital security and currency.

Coinbase, Ledger and Safepal offer the best bitcoin and crypto wallets according to our testing. Your cryptocurrency is only as safe as your private key. The safest place to keep this alphanumeric sequence that allows you to access your funds is in a cryptocurrency wallet. Hot wallets are connected to the internet.

Both eToro and Coinbase are beginner-friendly crypto trading platforms that enable crypto investors to buy and sell crypto with ease.

eToro charges low fees for trading stocks and ETFs. There is an inactivity fee if you don't trade for an extended period of time. The basic withdrawal fee is $5, but some transactions may cost more. Read our full review of eToro for info on safety, trading platforms and funding.

When you invest in real cryptoassets on eToro, we purchase the tokens on your behalf and register them in a segregated account under your name. Once the position is closed, we sell the coins on your behalf, and the invested amount +/- any profit or loss is converted to fiat currency.

If you're interested in traditional and digital assets on a single platform, Robinhood might be the better choice. However, if you're interested in a crypto-focused portfolio with a wider range of currencies and advanced features, Coinbase is likely the better choice.