eToro versus Coinbase

Cryptocurrency traders in the US who prefer dealing with a broker may consider eToro, which launched in the US in 2019. Coinbase, operational since 2012, became one of the first exchanges and market leaders in its category by trading volume as of March 2021.

Both offer traders their proprietary cryptocurrency wallets but cater to different styles. eToro is a leader in copy trading and home to one of the largest trading communities with more than 20+ million. Coinbase is an exchange with a broad asset selection and is better suited for active traders seeking exposure to lesser-known assets.

eToro and Coinbase are popular among millennials and GenZ traders, especially those favoring mobile trading, as both offer a user-friendly mobile app.

We have conducted an in-depth review of eToro and Coinbase to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs. Coinbase - Verdict

Features and Platforms

Features & Platforms	eToro (visit site)	Coinbase (visit site)
Headquarter:	US	US
Established :	2019	2012
Retail Loss Rate:	Undisclosed	Undisclosed
Regulation:
Minimum Deposit:	$50	$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	2	3
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	Large trading community	Broad asset selection
Unique Feature Two:	Leading cryptocurrency broker	Passive income generation
Broker Offers:	See what eToro offers*74% of retail CFD accounts lose money	See what Coinbase offers

Noteworthy:

Coinbase places cryptocurrency assets in secure offline storage but has a history of theft in its online wallets. Users also complain about the lack of customer support. eToro presents a better technical analysis platform.

Available Markets

Traders at eToro get a choice of 40 cryptocurrencies, while Coinbase lists 5,890. Retail traders have no access to leverage at either and derivative contracts are unavailable. eToro presently has a closed beta to test its planned equity and ETF offering, which will create a more balanced asset selection for its core trader base interested in trending assets.

Typical Spreads and Fees

Cryptocurrency spreads at eToro range from 0.75% on Bitcoin or 1.90% on Ethereum up to 5.00% on Tezos. There are no additional commissions, but eToro levies a 0.10% crypto-to-crypto conversion and 0.50% cryptocurrency transfer fee. Coinbase lacks pricing transparency and merely notes it adds spreads unless using Advanced Trade.