Coinbase vs. eToro (December 2024 Comparison)

Both Coinbase and eToro offer unique advantages. 

Why choose Coinbase: Coinbase offers a wide selection of cryptocurrencies and the ability to earn crypto rewards through staking, interest, and Learn and Earn. 

Why choose eToro: eToro offers social trading and the ability to manage stocks and cryptocurrencies!

What are the pros and cons of Coinbase?

Pros:

• User-friendly interface: Coinbase’s interface is intuitive and easy to navigate, making it a great choice for beginners. 
• Wide range of cryptocurrencies: Coinbase supports more than 260 cryptocurrencies! 
• Educational resources: Coinbase’s Learn and Earn modules are a great way to learn about the ecosystem and earn free rewards. 
• Security: Coinbase is highly secure, with reserves backing up all assets 1:1. 

Cons:

• High fees: Coinbase’s fees can be higher than other platforms (though stated fees are lower than eToro’s). 
• No stock trading: Coinbase does not support stock trading. 
• Lack of social trading features: Unlike eToro, Coinbase does not offer social trading features. 

Is Coinbase safe? 

Coinbase is considered one of the safest crypto exchanges in the world. 

Coinbase offers industry-leading security measures including two-factor authentication, holding all assets in reserves 1:1, and advanced encryption. 

What are the pros and cons of eToro?

Pros:

• Social trading: eToro’s social trading features allow users to replicate the trades of the platform's most successful traders! 
• Wide range of assets: In addition to cryptocurrencies, eToro offers stocks and commodities — allowing you to manage your portfolio in one place. 
• User-friendly platform: The platform is designed to be intuitive, with easy-to-use tools for beginner traders. 

Cons:

• Limited cryptocurrency selection: eToro supports fewer cryptocurrencies compared to Coinbase, which may be limiting for crypto-focused investors.
• Built-in fees: eToro has various fees, including a 1% trading fee and other charges for withdrawals and inactivity.
• No crypto rewards: Unlike Coinbase, eToro does not offer crypto rewards through Learn and Earn. 

Is eToro safe?

eToro is a safe platform for trading cryptocurrencies and other assets.

eToro uses measures like encryption and two-factor authentication to keep your cryptocurrencies safe. 

Coinbase vs. eToro: User-friendliness

Winner: Tie

Coinbase and eToro both offer beginner-friendly platforms! 

eToro: eToro is a beginner-friendly platform — with features like social trading and demo accounts for new traders! 

Coinbase: Coinbase is a beginner-friendly platform, but contains more features for crypto investors like advanced trading and staking! 

Coinbase vs. eToro: Fees

Winner: Coinbase

Coinbase generally offers lower fees, particularly for large transactions. However, Coinbase has been criticized for having higher fees than stated based on market conditions and other factors. 

eToro: 1% fees on all crypto transactions

Coinbase: 0 - 0.60% on Coinbase Advanced (though fees ‘can be influenced by factors such as your chosen payment method, order size, market conditions, jurisdictional location, asset, and other costs we incur to facilitate your transaction’) 

Learn more about Coinbase fees here.

Coinbase vs. eToro: Supported cryptocurrencies 

Winner: Coinbase

eToro: 25 cryptocurrencies 

Coinbase: 260+ cryptocurrencies 

Coinbase vs. eToro: Social trading 

Winner: eToro

eToro is well-known for its unique social trading features! 

eToro: eToro’s social trading features allow you to copy the trades of the platform’s most successful traders! 

Coinbase: Currently, Coinbase does not offer social trading. 

Coinbase vs. eToro: Crypto rewards

Winner: Coinbase

Coinbase offers users opportunities to earn free cryptocurrency — whether it’s through short Learn or Earn modules or interest rewards on stablecoins like USDC! 

Coinbase: Coinbase offers opportunities to earn crypto rewards — such as staking, interest, and Learn and Earn.

eToro: eToro does not offer crypto rewards. 

Coinbase vs. eToro: Demo account 

Winner: eToro

eToro offers a demo account that helps you practice your trading strategies without risking real money. 

eToro: eToro offers a demo account with $100,000 of virtual funds.

Coinbase: Coinbase does not offer a demo account.

Coinbase vs. eToro: Mobile app 

Winner: Tie

eToro and Coinbase both have easy-to-use mobile apps that allow you to trade on-the-go!

eToro: iOS and Android

Coinbase: iOS and Android

Coinbase vs. eToro: Stocks & equities 

Winner: eToro

eToro is the best choice for investors looking to manage their stocks and cryptocurrencies in one place. 

eToro: eToro supports stock and equity trading. 

Coinbase: Coinbase does not offer stocks and equities, and has no plans to offer them in the future. 

Coinbase vs. eToro: Customer support 

Winner: Tie

While both platforms offer 24/7 support, both Coinbase and eToro have been criticized for the quality of their support. 

Coinbase: Offers customer support through live chat, email, and phone. However, Coinbase’s customer support has often been criticized for slow response times. Coinbase One — Coinbase’s $30 a month subscription service — offers priority customer service. 

eToro: Offers help tickets and online support. eToro has been criticized for not offering phone support. 

Coinbase vs. eToro: Security 

Winner: Tie

eToro and Coinbase are both secure platforms that take steps to secure your cryptocurrency. Both platforms offer two-factor authentication to help you keep your account safe. 

Coinbase: Two-factor authentication, encryption

eToro: Two-factor authentication, encryption