EToro vs. Coinbase: 2022 Comparison

Coinbase and eToro both allow users to trade cryptocurrencies, but costs, platform capabilities and crypto selection varies.

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Coinbase and eToro are both powerful platforms for cryptocurrency traders. Below, we'll compare these two crypto platforms head-to-head to help you decide which option is best for you. Generally speaking, users will find the widest selection of crypto options at Coinbase, but trading and transaction fees can be higher. EToro stands out for users who want guidance about their investments through the company's social investing feature, which offers the ability to copy trades made by other investors. eToro also offers access to stocks and ETFs.

eToro
NerdWallet rating 

on eToro's website

EToro is best for:

  • Cryptocurrency, stock and ETF traders.

  • Social or copy trading.

EToro at a glance

Minimum trade

$10; $200 to use eToro CopyTrader.

Trading and transaction fees

Crypto: 1%

Stocks and ETFs: No commission

Number of cryptocurrencies

25

Crypto-to-crypto trading pairs

No crypto-to-crypto trading.

Website transparency

Information easily found on the website.

Storage and security

Users can use their own digital wallet, but crypto transferred from the platform can't be transferred back.

Staking and rewards

EToro does not offer staking.

Mobile app

Two highly rated apps for iOS and Android.

Customer service

Email and ticket support; chat and phone support available for eToro Club members only.

Coinbase
NerdWallet rating 
Read review

Coinbase is best for:

  • Cryptocurrency traders looking for convenience.

  • Traders who want to easily convert one cryptocurrency to another.

Coinbase at a glance

Minimum trade

$2.

Trading and transaction fees

Varies depending on payment method, cryptocurrency type, transaction size and platform. $2.99 for $200 Bitcoin purchase, or about 1.5%.

Number of cryptocurrencies

More than 170

Crypto-to-crypto trading pairs

More than 500.

Website transparency

Important information, including investment minimums, supported assets and how to close the account, can be easily found on the website.

Storage offering

Customers can use their own crypto wallets, and Coinbase has some insurance against cybercrime.

Staking offering

Rewards on a handful of coins, with rates up to 5.75%

Mobile app

Coinbase's highly rated apps have options suited to both beginners and advanced users.

Customer service

Phone, email and chat.

Want to compare more crypto platforms?? Here's our full list of the best crypto apps and platforms.

Methodology

How do we review cryptocurrency platforms?

NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 10 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

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