eToro vs Coinbase: Which is Best for You?

Before weighing up eToro vs Coinbase, it’s easy to forget that it’s never been easier to invest in cryptocurrency; Both have user-friendly platforms and while eToro is a social trading platform and multi-asset brokerage based in the UK, Coinbase is a crypto-based exchange in the US.

eToro vs Coinbase: At a Glance

Crypto-exchange Platforms eToro Coinbase

Features

– User-friendly brokerage and social trading platform, featuring the ability to engage with other traders and the ability to purchase funds using PayPal (outside the US) – A beginner-friendly exchange with an easy-to-use interface allows you to withdraw money to PayPal.

Fees

For non-US customers, there is a $5 withdrawal fee, a $10 fee after one year of inactivity, and conversion fees for non-USD deposits. Trades cost 0.50%, credit card purchases cost 3.99%, Coinbase wallet or bank account purchases cost 1.49%, and wire transfers cost $10 to deposit and $25 to withdraw.

Cryptos Available

27+ 120+

Security

KYC includes two-factor authentication, cold storage, FDIC-insured USD balances, multi-signature capabilities, and private keys. KYC, 2FA, biometric fingerprint logins, cold storage, FDIC-insured USD balances, and AES-256 encryption for digital wallets are available.

Supported Transactions

Sell, buy, limit orders and market orders Sell, buy, receive, send, and exchange

Max. Trading Amount

Most coins, including Bitcoin, have sent restrictions of $50,000/transaction and $200,000/day. The amount you can spend depends on your payment method and region. ACH transfers of up to $25,000 per day for customers in the United States.

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