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eToro vs Coinbase

With crypto investment and trading going mainstream in the last couple of years both eToro and Coinbase have become significant players in the field. But they come from different places - understanding this will help you compare them and see them for what they are: eToro is originally a brokerage platform, founded in 2007 and a pioneer on several fronts in reatail investment. Coinbase is much newer, being founded in 2012, getting super popular with the earlier crypto crazes and their 2022 superbowl ads.

For most people their function is similar though - both eToro and Coinbase can be and are used to buy, hold and sell cryptocurrencies. Here are some of the main points when it comes to this:

  • Coinbase supports a much wider range of coins (70 at Coinbase vs 37 at eToro)
  • Coinbase can be more expensive, especially for credit card purchases (Coinbase: 0.50% per trade, 3.99% for credit card purchases, 1.49% for Coinbase wallet or bank account purchases, and wire transfers are $10 for deposit and $25 for withdrawal; eToro: $5 withdrawal fee, varying spreads on trades, $10 monthly fee after a year of inactivity, conversion fees for non-USD deposits and withdrawals) 
  • Coinbase only offers virtual currencies while at eToro you can also trade stocks, forex, CFDs and ETFs

 

Head to head comparison of the main features of eToro and Coinbase
  eToro Coinbase
🗺️ Country of regulation UK, Cyprus, Australia US
💰 Trading fees class Low High
💰 Inactivity fee charged Yes No
💰 Withdrawal fee $5 $0-25
💰 Minimum deposit $10 $0
₿ Supported coins 37 73
🕖 Time to open an account 1 day Less than 15 mins
💳 Deposit with bank card Available Available
👛 Depositing with electronic wallet Available Available

 

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-Founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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