But even prior to that, since , it had offered CFDs for Bitcoin. Now, it aims to be your number one platform for cryptocurrency trading. The trading platform is also available in 16 different languages. eToro has a wide variety of trading options available to its users. One such option is the “Crypto CopyFunds”-option, through which you. Mar 21, · Fees. WINNER: eToro. Though eToro doesn’t charge fees for opening or closing trades, it does charge a spread which varies by instrument, e.g. % for Bitcoin (BTC), and up to % for certain trade pairs, such as ZEC/ZHF. Spreads charged on eToro. In addition to this, eToro charges a flat $25 withdrawal fee, while deposits are free. Nov 05, · If you’re based in the U.S., you’ll be limited to trading cryptocurrencies through eToro. eToro currently supports the purchase and sale of 15 unique coins, including: Bitcoin .
Etoro bitcoin trading feesCoinbase vs eToro - Fees, Features, Security Compared | CaptainAltcoin
As a regulated platform, eToro is governed by the highest standards of accountability and transparency and is licensed to offer its services to large parts of the world.
These customer funds are held in custodial bank accounts. This means they will not use funds of yours to operate their business. In terms of cyber-security, EToro platform is extremely safe and never had any issues with hacking attacks or user fund losses. Traditional funds remain secure in European banks of tier 1. With all that in mind, you should remember that there are no regulations for cryptocurrencies. Because of this, if you engage in cryptocurrency trading or other crypto-related investments, there is no insurance from the investor compensation schemes within the UK or Cyprus.
The lack of regulations also means that if you have a complaint, you cannot file it with your financial ombudsman service. Despite this, eToro takes pride in working to resolve issues as seamlessly as possible. In addition, there are numerous social platforms where you can register complaints, which may influence other users.
Coinbase has seen a rapid growth and branched out into different sectors of cryptocurrency world with most of their new services being geared for institutional clients. Additionally, Coinbase has their Coinbase Pro platform designed for day-traders and their own wallet that is also a Web3. Their crypto division has grown to include eToroX exchange and eToro wallet, two separate products to the main platform of eToro. CopyPortfolios allows eToro users to easily invest in top trader portfolios so they can copy the trades of the best traders on the website.
In addition, eToro also offers a unique social feature known as CopyTrading which allows users to automatically copy the trades of other successful traders based on specific conditions. Currently eToro also offers margin trading and lets its users trade crypto currencies with up to 2 times leverage. If you are not fond of neither of these exchanges, here is a list of potential alternatives: Cex.
Since February , Coinbase Pro has announced they are entering the margin trading arena as well. In case you want to compare Coinbase with other exchanges, have a look at our guides where we do just that:.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.
The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. Torsten Hartmann has been an editor in the CaptainAltcoin team since August He holds a degree in politics and economics. On the flip side, eToro has a thorough help-center which includes basic information about trading, as well as answers to the most common user issues.
Beyond this, eToro only offers a simple ticket system for the majority of its user complaints and responses are often slow. Beyond the traditional lines of support, both Coinbase and eToro also reply to customer enquiries on social media.
Coinbase, however, charge both trading fees and withdrawal fees. On Coinbase, purchasing cryptocurrency with a credit or debit card will incur a fee of between 1. Trading cryptocurrency though Coinbase Pro comes with a base fee of 0.
Coinbase Pro does not charge a fee for cryptocurrency withdrawals. Overall, when comparing eToro vs Coinbase in terms of fees, eToro is the winner. Among cryptocurrency platforms, eToro stands out as one of the very few platforms that offer users the chance to buy cryptocurrencies using PayPal, in combination with several other payment options. Beyond this, eToro also allows users to trade cryptocurrencies on margin , providing up to 2x leverage for the 15 supported digital currencies.
Combining this with the fact that eToro charge zero trading fees it becomes clear that eToro is a rarity among cryptocurrency platforms. CopyPortfolios basically allows eToro users to easily invest in Top Trader Portfolios, allowing them to copy the trades of the best performing traders on the site. Similarly, users can also invest in a Market Portfolio, which is a bundle of CFDs, stocks, and commodities that eToro review regularly to maximize profits.
As a regulated platform, Coinbase is one of the few cryptocurrency exchanges that is a licensed money transmitter in the U. Designed to be as safe as possible, Coinbase only lists assets that meet its strict criteria , ensuring only high-quality cryptocurrencies are available to buy or sell. Not only this, but Coinbase also provides insurance for customer USD and crypto balances, which is practically unheard of in the industry.
One of the best features of Coinbase is its recurring payment feature, which allows users to automatically buy or sell cryptocurrencies on a regular basis. By using this feature, investors are able to scale in or out of a cryptocurrency easily and can take advantage of dollar cost averaging to reduce their risks. Besides its uniqueness as an easy on-ramp for cryptocurrency investments, Coinbase is also a pioneer in the crypto education space, with its Coinbase Earn platform helping users earn small amounts of cryptocurrency for learning how they work.
Combine this with the fact that it offers its own Cryptocurrency debit card — which allows owners to spend their cryptocurrency anywhere that accepts Visa — it becomes clear that the company is a pioneer in the space. Typically, when many users think of a cryptocurrency exchange, they think hardcore technical analysis, automated trading bots, and charts.
These exchanges are built with a simple user interface that allows users to quickly navigate the platform and easily invest in cryptocurrencies using payment methods they are familiar with, such as using a debit or credit card, or wire transfer. By using a cryptocurrency exchange built for beginners, traders can avoid much of the technical mumbo jumbo associated with cryptocurrency trading, streamlining the process and saving time.
Not only this but since these platforms are designed for beginners, they typically only support the highest quality cryptocurrencies which have been thoroughly vetted, ensuring newer traders are only exposed to the safest cryptocurrencies. As beginner-friendly cryptocurrency platforms, both Coinbase and eToro review their features and services regularly, to ensure that traders have access to the tools they need to quickly and easily invest in cryptocurrencies.
Besides this, there are several reasons to consider Coinbase and eToro:. Although there are some significant differences when comparing Coinbase vs eToro, they do have one major feature in common — simplicity. Being designed to allow new and inexperienced traders to get to grips with cryptocurrency trading and investments, both eToro and Coinbase have an easy to navigate user interface and trading menu.
In addition to this, both Coinbase and eToro have dedicated mobile apps, allowing you to easily trade cryptocurrencies while on the move. The fees depend on your currency types. Spread Fees: eToro is not charging any commission fees. Cryptocurrency spreads are calculated in percentage while commodity spread fees are calculated in pips.
For the cryptocurrency market, the fee is applied whenever you maintain an open position from one trading day to the next.