At a Glance

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eToro vs. Coinbase: Features

While both Coinbase and eToro have established themselves as popular crypto trading plaꦏtforms, 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 t💝o take out crypto-backed loans.

Coinbase’s top features꧑ for individual iꦍnvestors 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 var♌iety 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:

• 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官方开奖结果体彩网:Coinbase Advanced Trade and 🎐eToroX, targeted at experienced and professional trᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚaders. 

eToro vs. Coinbase: Supported Currencies

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

When it comes to f💜iat currencies, however, eToro customers have a much broader selection to 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.

Both trading platforms offer two-factor authenti꧋cation (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官方开奖结果体彩网:cold storage, eToro holds some digital assets in cold wallets and some in hot wallets. 

eToro and Coinbase wallets also provi🙈de 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 lower for higher-volume transactions, but the exchange charges deposit and withdrawal fees as well as h༺igh 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 i♓nactivity fee for accounts that have been inactive for over 12 months, a conversion fee for f📖iat 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 fee♈s. 

eToro vs. Coinbase Pro: Ease of Use

Both eToro and Coinbase are beginner-friendly crypto trading platforms t﷽hat enable crypto investors to buy and sell crypto with ease. 

Coinbase is arguably a tad easier to uಌse 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 feature🌱s and functionalit♕ies of the web-based platform, making trading crypto easier for investors who prefer a mobile experience.

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 w🥃allets, and supported currencies, deposit methods, and transaction type༺s.