Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
eToro and Coinbase are two of the most common crypto platforms in the world. eToro offers users both crypto and traditional finance investment options and a copy trading option. Coinbase offers users a more crypto-focused platform with a greater selection of assets and more earning opportunities. Discover which cryptocurrency is best for you in this comparison of eToro vs. Coinbase.
Round 1: eToro vs. Coinbase on vital statistics
Both Coinbase and eToro are international exchange platforms that offer staking, trading, Visa debit cards and competitive trading fees. The only real differences are between their asset selection and proprietary wallet capabilities, with Coinbase having an edge, as we’ll see in round 5.
Coinbase supports far more cryptocurrency coins and tokens than eToro does. In addition, there are more trading pairs between crypto assets on Coinbase than eToro. eToro does support Ripple (XRP) while Coinbase doesn’t, but the disparity between overall assets is still large.
eToro supports fewer fiat currencies than Coinbase does, though both offer various ways to deposit fiat onto their platforms. Though Coinbase supports more fiat currencies, this is mainly due to its fiat credit card gateway; the fiat currencies supported through zero fee deposit methods are the same as with eToro.
Both Coinbase and eToro have varying fee structures, with eToro having cheaper trading fees when using its eToroX exchange than Coinbase Pro. eToro has no fees for most crypto withdrawals with lower fees than Coinbase for both digital assets and fiat. Both platforms support a wide range of deposit and withdrawal methods for fiat.
Deposit Fees
$0
ACH: $0 Wire (USD): $10
Trading Fee
1%
Trading: Operates on a maker-taker model. Taker fees start at 0.60%, maker fees start at 1.20%. Fees are reduced for larger accounts Spread: Average of 0.5%
Withdrawal Fees
To an external account: $5 USD to GBP/EUR: $0
ACH: $0 Wire: $25
Deposit methods
Bank transfer, Debit card, PayPal, Wire transfer
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
eToro’s Money crypto wallet is a convenient option for users looking to store their crypto off the main platform and move it freely. However, it is not non-custodial as you aren’t given a recovery phrase and have to contact eToro if you need to recover or restore the wallet.
In contrast, Coinbase Wallet is fully non-custodial, and unlike eToro’s wallet, you can interact with decentralized apps (dApps) and various blockchain networks. In addition, the Coinbase Wallet supports NFTs.
Winner: Coinbase
Round 6: Ease of use
Both eToro and Coinbase are intuitive platforms with clean user interfaces. eToro’s platform may seem a bit more complicated as it offers both traditional and crypto investment options, but all the options are fairly straightforward to navigate.
Coinbase’s interface is geared towards beginners, with the more advanced features and trading options somewhat hidden. There are large and easy-to-find buy, sell, send and receive buttons. New users can earn free crypto by learning about new assets.
Winner: Coinbase
Round 7: Security
eToro has never been hacked, but Coinbase had an incident in October 2021. About 6,000 users’ accounts were compromised due to a flaw in Coinbase’s SMS recovery process. It reimbursed affected users and quickly fixed the issue. While it maintains a strong security record and system otherwise, the fact remains that it had an incident while eToro hasn’t.
Winner: eToro
Coinbase vs. eToro winner: Coinbase
Taking five out of seven categories, Coinbase is the clear winner when comparing eToro versus Coinbase. Its wallet, crypto and fiat support, plus ease of use make it a great option for new users. eToro is still a viable platform for new users, especially if you are interested in traditional finance investing. Regardless of which platform you choose, both are likely to meet your needs as a trader.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Keegan Francis was a cryptocurrency writer for Finder. He has been invested in cryptocurrencies since 2013 and writing about them since 2018. He has written and edited for CryptoVantage. In 2020 he and his wife Mrugakshee Palwe opted entirely out of the world of traditional finance and went "full crypto", covering their experience in the Go Full Crypto podcast and via a Substack newsletter. Keegan holds a Bachelor of Computer Science from Acadia University, and has attained graduate certificates from Ivan On Tech's lightning network course and the Consensys Academy Ethereum bootcamp. When Keegan is not working on cryptocurrency, he enjoys travelling, rock climbing and playing piano. See full bio
Want to buy, sell or invest in crypto in Ireland? We’ve compiled a vetted list of the best crypto exchanges and trading platforms to help you get started.
Coinbase is easy to use with diverse features, but high fees and limited transparency may deter traders.
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