eToro vs Coinbase: What's the Difference?

The choice between eToro vs Coinbase may change based on certain factors used in evaluating the crypto exchanges. In this story, we objectively reviewed the features of eToroX vs Coinbas for those wanting to make a critical choice for a specific purpose.

What is Coinbase?

Coinbase is a cryptocurrency exchange launched in 2012 for trading, sending, and receiving digital currencies like Bitcoin, Ether, etc. Coinbase is a major corporation with over 73 million active traders and a market worth $255 billion. It has two distinct marketplaces, as well as a discrete Bitcoin wallet service.

Coinbase Pros and Con

Pro – Intended for rookie – Possibility of withdrawing payments to PayPal – Intensive cryptocurrency selection Con – A more expensive and convoluted fee structure – Only Coinbase Pro allows for limited orders. – No phone line client service

What is eToro?

eToro was established in 2007 initially for FX-related trading and is located in the United Kingdom. Since 2018, eToro has had more than 17 million users in nearly 100 countries, comprising millions of registered members in 43 U.S. states. The platform is well-suited to people with a fundamental grasp of F.X. and crypto trading.

eToro’s Pros and Con

Pro – There are no commissions on non-leveraged trading even though leverage involves significant risk. – There are several methods to deposit monies, and there are no fees for investing U.S. dollars. – PayPal may be used to purchase cryptocurrency (outside the U.S.) Con – Uncertain, unpredictable fees due to a changeable spread – A $50 least deposit is required for U.S. customers, while substantially greater guarantees are required for overseas residents. – Customer service is unresponsive.

Accepted Digital & Fiat Currencies

eToro has over 100 cryptocurrency trading pairs, while Coinbase has roughly 54, based on your region, and both platforms allow you to acquire currency fractions. Coinbase supports fiat money such as the U.S. dollar, the British pound, and the euro. In contrast, eToro funds may be withdrawn in USD, EUR, GBP, CAD, AUD, JPY, RMB, and RUB.

Payments Fee

Coinbase: Users on Coinbase pay a spread of around 0.50% for bitcoin purchases and transactions, although the exact amount varies based on market swings. Coinbase also charges a flat fee, or a percentage depending on the form of payment.  For example, a $100 purchase is subject to the spread cost and a payment-based charge. The Coinbase fee is $2.99 if you pay through ACH. However, if you pay with a credit card, you will be charged 3.99 percent of the purchase price.

eToro Traders on eToro do not pay commissions, but they pay charges for a variable spread, which may range from 0.75 percent to 5.0 percent, depending on the currency and market. Other costs charged by eToro include a conversion fee for changing other fiat currencies to USD, a $10 dormancy fee for accounts with no activities for 12 months, and a $5 withdrawal fee for foreign clients. eToro, on the other hand, charges the spread just once when you acquire the asset, while Coinbase fees a space on each transaction.

Which is a better crypto exchange, eToro or Coinbase Pro?

While it may not necessarily be the best crypto exchange, Coinbase Pro offers a wider range of benefits as compared to eToro. But unlike Coinbase,, eToro offers drawing tools and indicators.

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