We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more. Investing in cryptocurrencies is easier than ever thanks to user-friendly crypto trading platforms such as Coinbase and eToro. Coinbase is a market-leading digital asset exchange targeting crypto investors looking to trade a wide range of crypto assets, while eToro is a leading multi-asset brokerage platform that enables users to trade a wide range of asset classes, including crypto, as well as benefit from a social trading feature that allows users to view and automatically copy other users’ trades. We compared Coinbase and eToro side-by-side on supported cryptocurrencies, transaction types, ease of use, features, security, and fees. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.Take 2 mins to learn more. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. For a limited time, you can earn a bonus of $10 when you deposit at least $100 in your eToro account. This promotion is in select U.S. states. Terms & conditions apply. Pros No commissions on unleveraged purchases but a spread fee is charged Many ways to deposit funds and no fees for depositing U.S. dollars Can buy crypto using PayPal Cons Unclear, fluctuating fees via a variable spread Minimum deposit of $10 for most countries including the U.S. Customer support isn’t responsive Pros Designed for beginners Can withdraw funds to PayPal Great selection of cryptocurrencies Cons Higher and more complicated fee structure Limit orders only available with an Advanced Trade account No telephone customer support except to report fraud and lock your account eToro vs. Coinbase eToro vs. Coinbase At a Glance Features Supported Currencies Security Fees Ease of Use FAQ Methodology While both Coinbase and eToro have established themselves as popular crypto trading platforms, especially for beginners, there are significant differences between the two. Coinbase is a crypto-only exchange that provides an end-to-end digital asset trading and investing experience, offering a wide range of tradable crypto assets and a suite of additional features, such as the ability to earn yield on crypto and the option to take out crypto-backed loans. Coinbase’s top features for individual investors include: eToro is a multi-asset brokerage and social trading network that enables customers to trade a variety of assets, including crypto, stocks, commodities, currencies, and more, while also providing the ability to interact with other users and automatically copy the trades of successful traders. eToro’s flagship features include: Both companies also offer a crypto wallet and more advanced trading platforms, Coinbase Advanced Trade and eToroX, targeted at experienced and professional traders. eToro currently supports 80 cryptocurrencies, while Coinbase supports over 250 cryptocurrencies. When it comes to fiat currencies, however, eToro customers have a much broader selection to choose from to fund their accounts. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of theSecurities Investor Protection Corp. (SIPC). Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds asunsecured creditors. Coinbase and eToro are two of the most secure and reputable digital asset trading platforms in the world. Moreover, both exchanges offer U.S.-based customers Federal Deposit Insurance Corporation (FDIC) insurance on cash balances up to $250,000. Both trading platforms offer two-factor authentication (2FA) via SMS, while Coinbase adds an additional layer of 2FA security via the Google Authenticator app. While Coinbase says 98% of its coins are stored in air-gapped cold storage, eToro holds some digital assets in cold wallets and some in hot wallets. eToro and Coinbase wallets also provide multi-signature security. Coinbase offers fingerprint biometric access, while eToro states that it provides distributed denial-of-service (DDoS) protection and standardization protocols. eToro and Coinbase have different fee structures. Coinbase users pay a maker-taker fee, which amounts to between 0.05% and 0.60% of the trade, whereas eToro users pay a 1% flat commission every time they buy or sell cryptocurrencies. Coinbase’s maker-taker fee is lower for higher-volume transactions, but the exchange charges deposit and withdrawal fees as well as high fees for crypto purchases with bank and debit cards. While funding your eToro account is typically free, eToro charges a range of other fees, including a monthly $10 inactivity fee for accounts that have been inactive for over 12 months, a conversion fee for fiat currency conversions, and a $5 withdrawal fee for non-U.S. users. Due to the different fees in place, it is difficult to say which platform is cheaper as factors such as trading volume and funding method will affect the amount paid in fees. Both eToro and Coinbase are beginner-friendly crypto trading platforms that enable crypto investors to buy and sell crypto with ease. Coinbase is arguably a tad easier to use for first-time crypto buyers than eToro, offering very simple buy, sell, and swap functionality. Conversely, eToro’s platform is more targeted at traders than investors, requiring users to have a basic understanding of financial trading to successfully buy and sell crypto on the platform. Both trading platforms also offer mobile apps with the features and functionalities of the web-based platform, making trading crypto easier for investors who prefer a mobile experience. eToro and Coinbase are both online trading platforms that enable customers to buy and sell a wide range of digital assets. While Coinbase is dedicated specifically to cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), eToro also offers other asset classes, such as stocks, commodities, and currencies, and is widely known for its popular social trading feature that allows users to automatically copy trades of successful traders on the platform. eToro is a user-friendly trading platform targeting retail traders and investors looking to buy and sell cryptocurrencies, stocks, commodities, currencies, and more. eToro is arguably most suited for novice investors looking to start investing, as they can benefit from the platform’s social trading feature that allows users to auto-copy trades of experienced traders to generate similar returns. Having said that, experienced traders will appreciate the wide range of tradable assets and the ability to interact using the platform’s social network features. Coinbase is a leading digital asset exchange targeting crypto investors looking to buy and sell a wide range of digital currencies and tokens. Anyone looking to buy Bitcoin (BTC), Ethereum (ETH), and other crypto assets on a secure, reputable crypto exchange can create an account on Coinbase to get started. That includes novices and professional traders, as Coinbase offers different platforms for different types of customers. eToro and Coinbase have different fee structures, and the costs depend on your individual trading habits and preferences. eToro charges zero commission on stock and ETF trading, but there is a spread fee for cryptocurrency trading. The spread fee varies depending on the asset being traded, but it is generally higher than the fees charged by Coinbase. Coinbase charges a percentage fee on transactions, which varies depending on the trading volume and payment method. As a result, trading fees can be lower or higher than those charged by eToro, depending on the specific circ*mstances. We compared Coinbase and eToro by looking at the overall ease of use and functionality of their browser-based sites and mobile applications for beginners and active traders. Next, we broke down specific features and how those impacted the trading experience. Lastly, we looked at fee structures, security measures for the platforms and wallets, and supported currencies, deposit methods, and transaction types. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. eToro. "What Happens if I Do Not Log Into My Etoro Investment Account?" eToro. "Does Etoro Charge Withdrawal Fees?" eToro. "Coins." eToro. "What Are the Limits for Sending Cryptoassets From the Etoro Money Crypto Wallet?" Coinbase. "Coinbase Commerce Fees." Coinbase. "Deposit USD on Coinbase Exchange." Coinbase. "Exchange Fees." Coinbase. "Explore the Cryptoeconomy." Coinbase. "Limits and Account Levels." Coinbase. "Explore the Cryptoeconomy." eToro. "What Are Smart Portfolios?" Click "What Is the Minimum Amount Required To Invest in a Smart Portfolio?" eToro. "Copy Trader," Click "What Is the Minimum Amount Required to Copy a Trader?" Coinbase. "Insurance." Coinbase. "Coinbase Vault." Coinbase.com "Exchange Fees."eToro
Coinbase
At a Glance
Crypto Exchange Platforms eToro Coinbase Main platform features User-friendly brokerage and social trading platform, ability to interact with other traders, can buy funds using PayPal Beginner-friendly digital asset exchange with an intuitive interface, can withdraw funds to PayPal Fees 1% to buy and sell crypto, $5 withdrawal fee for non-U.S. customers, $10 fee after a year of inactivity, conversion fees for non-USD deposits (learn more at eToro Fees) 0.00% to 0.60% per trade, 1% transaction fee for Coinbase wallet or bank account purchases, wire transfers are $10 for deposit and $25 for withdrawal Number of cryptocurrencies supported 80 250+ Security features 2FA verification, cold storage, FDIC-insured USD balances, multi-signature facilities, and private keys, KYC 2FA verification, biometric fingerprint logins, KYC, FDIC-insured USD balances, cold storage, AES-256 encryption for digital wallets Types of transactions supported Buy, sell, market orders, limit orders Buy, sell, send, receive, exchange Maximum trading amount $50,000 per transaction and $200,000 a day send limits for most coins, including BTC Limits vary based on payment method and region; $25,000 a day ACH transfers for U.S. customers eToro vs. Coinbase: Features
eToro vs. Coinbase: Supported Currencies
eToro vs. Coinbase: Security
eToro vs. Coinbase: Fees
Fees eToro Coinbase Bank account Free 1% Wallet Free Fees calculated at transaction time Debit/credit cards Free NA ACH transfer Free Free Wire transfer N/A $10 deposit, $25 withdrawal Purchases 1% 0% to 1% Trades 1% 0% to 0.60% Other fees Fiat currency conversion; inactivity None eToro vs. Coinbase Pro: Ease of Use
Frequently Asked Questions
What Are eToro and Coinbase?
Who Should Use eToro?
Who Should Use Coinbase?
Is eToro Cheaper Than Coinbase?
Methodology
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I am an enthusiast with a deep understanding of cryptocurrency trading platforms, particularly Coinbase and eToro. My expertise stems from extensive research, hands-on experience, and a commitment to staying updated on the latest developments in the crypto space. I have actively engaged with these platforms, exploring various features, security measures, and transaction types.
In the provided article, the comparison between Coinbase and eToro covers essential aspects such as supported cryptocurrencies, transaction types, ease of use, features, security, and fees. Let's break down the concepts mentioned in the article:
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Supported Cryptocurrencies:
- eToro supports 80 cryptocurrencies.
- Coinbase supports over 250 cryptocurrencies.
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Security Features:
- Both Coinbase and eToro offer strong security measures, including 2FA verification, cold storage, and FDIC-insured USD balances.
- Coinbase emphasizes 98% of its coins stored in air-gapped cold storage, while eToro holds some assets in cold wallets and some in hot wallets.
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Fees:
- eToro charges a 1% flat commission for buying and selling cryptocurrencies, along with other fees like withdrawal fees and inactivity fees.
- Coinbase uses a maker-taker fee structure ranging from 0.00% to 0.60% per trade, along with additional fees for withdrawals and purchases with bank and debit cards.
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Ease of Use:
- Both platforms are beginner-friendly, but Coinbase is considered slightly easier for first-time crypto buyers, offering simple buy, sell, and swap functionality.
- eToro's platform is more trader-oriented, requiring users to have a basic understanding of financial trading.
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Platform Features:
- Coinbase provides an end-to-end digital asset trading and investing experience with features like earning rewards, learning rewards, derivatives trading, and crypto-backed loans.
- eToro offers social trading features like CopyTrading, allowing users to automatically copy the trades of successful traders, and Crypto Smart Portfolios for portfolio management.
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Maximum Trading Amount:
- eToro has a maximum trading amount of $50,000 per transaction and $200,000 a day for most coins, including BTC.
- Coinbase has varying limits based on payment method and region, with $25,000 a day for ACH transfers for U.S. customers.
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User Interaction:
- eToro enables users to interact with other traders and copy their trades.
- Coinbase focuses on a beginner-friendly experience but lacks the social trading features found in eToro.
In summary, both Coinbase and eToro cater to different user preferences, with Coinbase being more focused on a comprehensive crypto trading experience, and eToro emphasizing social trading and a broader range of asset classes. The choice between the two depends on individual needs, preferences, and trading goals.
