EToro vs. Coinbase: 2024 Comparison
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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 is best for:
Cryptocurrency, stock and ETF traders.
Social or copy trading.
EToro at a glance
Minimum trade | $100; $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 | Basic staking service for ADA and TRON. |
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. |
» Read our full review of eToro
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 200 |
Crypto-to-crypto trading pairs | More than 400. |
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 about 10% |
Mobile app | Coinbase's highly rated apps have options suited to both beginners and advanced users. |
Customer service | Phone, email and chat. |
NerdWallet rating 4.8 /5 | NerdWallet rating 3.9 /5 | NerdWallet rating 3.5 /5 |
Fees 0% - 3.99% varies by type of transaction; other fees may apply | Fees $0 per trade | Fees 1% spread |
Account minimum $0 | Account minimum $0 | Account minimum $0 |
Promotion Get $200 in crypto when you sign up. Terms Apply. | Promotion None no promotion available at this time | Promotion None no promotion available at this time |
» Read our full review of Coinbase
Want to compare more crypto platforms?? Here's our full list of the best crypto apps and platforms.
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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