Would you like to react to this message? Create an account in a few clicks or log in to continue.
Go down
Posts : 66
Join date : 2022-10-27
View user profile

eToro vs. Coinbase: Key Differences Empty eToro vs. Coinbase: Key Differences

Wed Nov 23, 2022 2:47 pm
Cryptocurrency Selection
With more than 200 cryptocurrencies to choose from, Coinbase offers a wider selection of tradable crypto assets.

eToro’s lineup is decent, with more than 30 cryptos available, including popular coins like Bitcoin, Ethereum, and Cardano. However, eToro is missing many less common cryptocurrencies that you can probably find on Coinbase.

Crypto Trading Fees
When it comes to fees, Coinbase is much more competitive.

On their basic exchange, they charge a spread fee of approximately 0.5% to 1% for each transaction. If you use Coinbase’s Advanced Trader product, the fee you pay depends on your 30-day trading volume. Someone trading less than $10,000 in a 30-day period would owe taker and maker fees of 0.6% and 0.4%, respectively.

With eToro, you are charged a spread fee of 1% of your total transaction to buy and sell cryptocurrencies—this is a very high fee. The fee is charged upfront when you purchase crypto. The platform displays the value of your cryptocurrency balance, accounting for payment of the eventual 1% sales fee.

Investment Features
If you’d like to invest in assets beyond crypto, eToro provides a range of other options like stocks, commodities and currencies. They also allow you to invest in exchange-traded funds (ETFs).

Coinbase only focuses on cryptocurrencies, and it does not provide access to any other investment assets.

Customer Service
Coinbase has better customer service. They offer 24/7 phone support as well as email and live chat.

eToro only provides live chat and an option to submit a service ticket for a reply in the future.

Geographical Availability
Coinbase and eToro are not available to residents of certain states. Coinbase isn’t available if you live in Hawaii, while eToro isn’t available to users who reside in New York, Hawaii, Minnesota and Nevada.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum