At a Glance

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eToro vs. Coinbase: Features

While both Coinbase and eToro have established themselves as popular crypto trading p🐎latforms, 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 op🌼tion to take out crypto-backed loans.

Coinbase’s top features for 🍃individu🐼al investors include: 

• Buying and selling: Trade over 240 digital currencies and tokens using a range of fiat currency funding methods. 
• Earning: Earn rewards on deposited crypto assets paid out in crypto.
• Learning rewards: Receive small payments in crypto for completing online learning courses about different crypto assets. 
• Derivatives: Trade using leverage on Coinbase’s futures trading platform. 
• Borrow: Take out Bitcoin-backed loans, providing the ability to access cash without having to sell crypto. 

eToro is a multi-asset brokerage and social trading network that enables customers to trade a variety of assets, including crypto, stocks, commodities, curreꦏncies, 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:

• Crypto Smart Portfolios: The crypto portfolio management product uses a predetermined investment strategy and allows users to automatically copy the portfolio. Users must invest a minimum of $500 to $5,000, depending on the specific portfolio.
• CopyTrading: See real-time trades made by successful traders on the platform, follow them, and automatically copy their trades with a minimum investment of $200 per trader you want to copy. 

Both companies also offer a crypto wallet and more advanced trading platforms, 澳洲幸运5开奖号码历史查询:Coinbase Advanced Trade and eToroX, targeted at experienced and profe🔯ssional traders. 

eToro vs. Coinbase: Supported Currencies

eToro currently supports 8 cryptocurrencies, while Coinbase supports over 250 cryptocurrencies. 

When it comes to fiat currencies, however, eToro customers have a much broader selection tꦬo 🎉choose from to fund their accounts.

eToro vs. Coinbase: Security

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.

Bot🌃h 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 澳洲幸运5开奖号码历史查询: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 vs. Coinbase: Fees

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 low𝐆er 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. 

eToro vs. Coinbase Pro: Ease of Use

Both eToro and Coinbase are beginner🔯-friendly crypto trading platforms tha🎉t 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 fin🎐ancial 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 ex💖perience.

Methodology

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 transactio🔜n types.