Coinbase vs eToro: Cryptocurrency Trading Comparison

HomeInvestingCoinbase vs eToro: Cryptocurrency Trading Comparison

Want to Score Cash For Free?

  • Survey Junkie: Earn up to $50 per survey with one of the highest-paying survey sites on the web. Join Survey Junkie Now
  • SoFi Money: Earning money for unlocking better features sounds like a dream. But this free banking app really pays you $100 with you switch your direct deposit to SoFi Money. Get SoFi Money.
  • Aspiration: This mobile banking app lets you do everything for free and takes no fees — ever. Better yet, if you join through this link you can get $100 in your new account.

Coinbase vs eToro: Comparing them to see what they have to offer, what the advantages are to each one, and which one is right for you.

Whether you’re a new cryptocurrency investor or someone who’s been investing in bitcoin since the Genesis Block in 2009, you already know there are a lot of options nowadays when it comes to cryptocurrency trading.

Today we’re taking a look at two major players on the market, Coinbase and eToro, and comparing them to see what they have to offer, what the advantages are to each one, and which one is right for you. With eToro releasing cryptocurrency trading for American crypto enthusiasts, it’s the perfect time to see how the service stacks up against one of the largest competitors in the industry, Coinbase.

While Coinbase has continued to be one of the most well-known cryptocurrency exchanges on the market offering an easy to use experience for beginners, it lacks many features and offers only a limited number of cryptocurrencies.

eToro, on the other hand, has a similarly easy to use layout but offers more in the way of tools and unique features for users while also offering significantly more cryptocurrencies for investors to choose from. eToro has more to offer at first glance, but let’s take a closer look to how the two differ and where they both excel.

Fast Facts

 coinbasee toro
Beginner Friendly?
Mobile App (iOS & Android)?
Buy/Deposit Method:Bank Account (ACH), Debit Card, Wire Transfer, CryptocurrenciesCredit/Debit Card, Wire Transfer, PayPal, Skrill, MoneyBookers, WebMoney, Neteller, MoneyGram, Bank Transfer[1]
Sell/Withdrawal Method:PayPal, Bank Transfer, CryptocurrenciesCredit/Debit Card, Bank Transfer, PayPal, Neteller, MoneyGram, PayPal, etc. (Same as your deposit method)
Allows Crypto Deposits:✅/❌[2]
Available Cryptocurrencies:[3]BTC, BCH, ETH, ETC, LTC, 0xBTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, ZEC, BNB
Offers Fiat Pairings?
Verification Required?
Trading Fees: MediumNone
Withdrawal Fees:4% base fee, 1.49% after waiver$25 flat fee
2FA Enabled?
Licensed or Regulated?
Social Trading?
Market News Feed?
Instant Buy?
Offers Leverage?

[1] Deposit methods and minimum deposits vary by country, US-based investors are currently limited to bank transfers

Want Free Money?

  • Aspiration: Want to get spotted a $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

[2] eToro has recently released a new cryptocurrency wallet feature, though it’s not available in all countries currently

[3] Both have indicated that they’ll be adding more cryptocurrencies for trading in the future

Coinbase vs eToro: Instant Purchases


Though Coinbase and eToro have many similarities, if you’re looking to purchase a cryptocurrency today, you’re going to be better off with Coinbase.

Unlike eToro, Coinbase offers instant purchases with debit cards that allow users to lock in the purchase of a cryptocurrency at the current price immediately.

However, keep in mind that when making an instant purchase, you won’t be able to sell the cryptocurrency immediately and there will be significantly higher fees attached to the transaction.

Related: What is Bitcoin? Bitcoin for Dummies Explained Simply

User Interfaces

One benefit that both have going for them is their intuitive design. Both eToro and Coinbase have excellent, user-friendly websites and mobile applications that make it for beginners to navigate and use their service.

However, simply because eToro has more features and options, the ease of use factor goes to Coinbase on this one, but only slightly.

With such simple websites and mobile apps for both platforms, beginners can seamlessly tap on the asset they want to buy without wading through a long list of choices or other options.

Coinbase user interface

eToro user interface

Security and Trust


Unlike other new services on the market, Coinbase and eToro have both been active in the fintech realm for some time and have built up a significant amount of community trust along the way.

Coinbase first started in 2012 with a specific focus on cryptocurrencies and introducing the new asset class to the public, whereas eToro has been around since 2006 and began expanding into the cryptocurrency markets as far back as 2013.

In addition, both companies are licensed and regulated by the appropriate authorities in the US and EU.

Cryptocurrencies Offered


On this front, the advantage goes to eToro. While Coinbase continues to offer support for more cryptocurrencies, eToro’s current positioning gives it the advantage.

Games That Pay You To Play - Yes, We're Serious

These 3 apps will PAY YOU to play games on your mobile device:

  1. Blackout Bingo - You can download this app and start getting cash rewards for playing bingo.
  2. Solitaire Cube - Earning money by playing games on your phone sounds like a dream. But this app really pays you for playing solitaire with cash rewards.
  3. Pool Payday - Earn up to $50 per month playing billiards with one of the highest-paying gaming apps on the web.

Coinbase currently offers users the ability to buy, sell, and trade just six cryptocurrencies while eToro offers 14 different cryptos to choose from.

It should be noted that both are in the process of onboarding new cryptocurrencies for the future — so this could change.

Unique Features

When it comes to unique features, eToro is the clear winner. Coinbase is so suitable for a beginner that it does leave a lot to desire for more intermediate and advanced traders.

Of course, now there is “Coinbase Pro” (formerly GDAX) that investors can switch to, but that’s an entirely separate exchange.


eToro offers a range of unique features that you won’t be able to find on any other exchanges, most notably “social trading.” Trading on eToro allows users to copy the trading strategies of other successful traders on the platform.

In addition, those looking to invest with a long-term mindset can choose CopyPortfolios that are created by other investors with a collection of different cryptocurrencies and weighted portfolios.

Along with social trading features, eToro also has a news feed with real time market updates from the trading community to create a social media experience for traders.

The Bottom Line

Because there’s no one-size-fits-all approach for investing and trading, it’s always difficult to rank different platforms/exchanges above others and determine which one is the “best” among the competition.

Keeping that in mind, the final say really comes down to your experience level, personals preferences, and goals when investing.

If you’re entirely new to the cryptocurrency space and only intend to purchase a small piece of your first bitcoin, then Coinbase may be your better option for its simplicity.

However, if you’re looking to start investing in cryptocurrencies or trading more than once or twice, the high Coinbase fees are going to eat into your bottom line quickly and you’ll only have access to limited currencies and features.

With that in mind, eToro is the much stronger choice for beginners who plan on staying in the crypto markets for the long run. Along with lower fees overall, new investors get access to eToro’s Trading Academy and can participate in social trading to learn from successful traders in the markets.


If you’re looking for straight simplicity with no added features, Coinbase is going to be a little simpler, but you’ll be paying for that in fees. For those looking to learn and implement new trading strategies over time and want more options for investing in the future, then eToro is the clear winner.


Want Free Money?

Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Learn more

The Best Apps to Save You Real Money

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

AppAt a glancedownload
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
Open a new account in the next 24 hours and you could get up to $200 in free stock.
Truebill reviewTruebill
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.

About the author

Brian Meiggs
Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.


Please enter your comment!
Please enter your name here

On a similar note...

Explore More On

7 Best Bank Bonuses and Promotions of April 2021

aspiration★★★★★This Company Will Give You $100 for Opening a Free Account
Boost your savings and earn up to 1.00% APY interest on your savings. Get up to 10% cash back on your purchases. Get $100 bonus when you spend your first $1,000 with your new Aspiration Plus Card.
personal capital★★★★★
The First and Only Interest Earning Crypto Account
Receive up to $250 Bitcoin bonus when you make qualifying deposits over the first 30 days. Receive up to 8.6% annually on your crypto. Join the most trusted financial services for crypto investors on the market.
personal capital★★★★★Get Up $200 in Free Stock for Joining
Commission-free stock, ETF and options trades. Get a free stock worth up to $200 when joining (must complete application). Simple, easy to use investor platform with no account minimums.
sofi★★★★★All-In-One Investing That's Easy to Use
Tired of Robinhood? Invest in stocks, ETFs, crypto, or automated investing in all one app. No commissions for stocks and ETFs. Complimentary access to SoFi Financial Planners.
personal capital★★★★★The Smart and Free Way to Manage Your Money
Take control of your finances with the perfect union of technology and highly personalized service. Get access to free online financial tools, including retirement planner, investment checkup, net worth calculator and more. Digital-first wealth management advisor with 24,000 clients in 50 states.
blooom★★★★★401K and IRA Management
Start your free 401k and IRA management now. Find and reduce hidden fees. Improve your diversification.
cit★★★★★Enjoy the Benefits of a CIT Bank Money Market Account
A CIT Bank Money Market Account helps you get more from your savings with interest rates for maximum growth. Earn over 7x the national average with high-interest rates. It now pays to open a money market account with CIT Bank.
My Millennial Guide