eToro | Coinbase |
Great for Investors who want to follow the moves of experienced crypto traders or maintain a diverse portfolio. | Great for Beginners who are looking to gain experience and care about an easy-to-use exchange platform. |
Cryptocurrencies Offered 40 | Cryptocurrencies Offered Over 150 |
Fees Withdrawal Fees: $5 + Varies by coin Trading Fees: 1% | Fees Withdrawal Fees: 1% Trading Fees: 0.05% - 0.60% |
Bonus Offer $50 New User Signup Bonus | Bonus Offer Get $10 in BTC when you make your first $100 trade |
Unique Features
| Unique Features
|
Minimum Trade Amount $10 | Minimum Trade Amount $2 |
Customer Support Phone, email | Customer Support 24/7 Live phone support, email, live chat |
Pros
| Pros
|
Cons
| Cons
|
Coinbase vs. eToro Overview
Coinbase is a U.S.-based cryptocurrency exchange platform established in 2016 with almost 150 cryptocurrency listings. The platform allows users to trade and stake cryptocurrencies. It is noted for its safety, although there have been privacy concerns.
Coinbase encourages new users to learn about crypto using the Coinbase Earn feature, which gives incentives following the completion of a learning module.
eToro is a multi-asset platform that grants users access to crypto, stocks, and CFD investments. It is noted for its feature where users can copy the trading moves of expert traders, and traders who share their moves are also rewarded with perks.
Cryptocurrencies Available
Coinbase lists between 140-150 cryptocurrencies and regularly updates the list. The exchange platform is based in the United States, which means, unlike similar exchange platforms, most of its features are available to users based in the United States.
eToro lists over 40 cryptocurrencies and around 200 ETFs. The platform was founded in 2017, and users in the U.S previously had limited access to most of its features. However, earlier in 2022, the platform began offering U.S based users access to stocks and ETFs.
Fees
Coinbase Fees
Fees on Coinbase vary according to different factors like payment method and payment platform; it has a 0.5% spread fee and a trading fee between 0.5% and 4.5%
| Pricing tier | Taker fee | Maker fee |
| Up to $10K | 0.60% | 0.40% |
| $10k-$50k | 0.40% | 0.25% |
| $50k-$100k | 0.25% | 0.15% |
| $100k-$1M | 0.20% | 0.10% |
eToro Fees
- Withdrawal – $5
- Management – 0%
- Inactivity – $10 monthly
- Conversion – 50 pips and above
Staking and Credit Card Options
Users can purchase on the Coinbase platform using their credit or Visa card. However, Coinbase does not accept deposits from cards that do not have an appropriate billing address. Coinbase offers a 4% crypto rewards Visa debit card to its users. You can choose a crypto reward and earn up to 4% back on all your purchases. The card has no annual fees, and no credit check is required.
Users can stake from a selection of about seven coins on the Coinbase platform.
eToro users can stake Cardano, TRON, and Ethereum assets to earn rewards on their investments. The move was announced in the middle of 2021 as part of support for the upgrade of ETH 2.0.
eToro allows funding from Visa cards, Master Card, and Maestro. However, only debit cards with a 3-digit CVV and capable of receiving funds are permitted on the platform. eToro does not currently offer an eToro-endorsed credit card option to its users.
Security
Coinbase is an exchange platform popular for the security and safety it offers users. Its security measures include 2-step verification, cold storage, multi-factor authentication, and biometrics to secure usersâ accounts.
eToro is a secure, global platform with a good reputation. Security measures on the platform to ensure the safety of its users includes:
- Cold storage
- Two-factor authentication
How to Decide Between eToro and Coinbase
Professional traders will find eToro useful regarding the advanced trading features, while beginners will appreciate the social trading feature on the platform. However, eToro has a limited range of cryptocurrencies on its list. In summary, eToro is a good option for traders who are interested in building their investment portfolio
Coinbase, on the other hand, is perfect for traders who want to concentrate on crypto trading; it has a wide range of cryptocurrency listings and crypto-friendly features. Although it does not support social trading, new users can utilize the educational features on the platform.