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Bottom line: eToro USA and Coinbase are both great for beginner crypto traders, but eToro is the best option for those who value social trading features, hands-off investment options, and flexible asset choices (cryptocurrencies, stocks, and ETFs). Coinbase better serves crypto-only traders. It offers a much larger investment selection, and it provides a vast suit of products and trading platforms both for individuals and institutions.
eToro vs. Coinbase: The biggest differences
eToro USA and Coinbase are both well-known platforms that individuals and institutions can utilize to access cryptocurrencies like bitcoin, ethereum, dogecoin, and others. The two platforms also offer crypto storage options, but they differ when it comes to fees, account options and features, and available investment types.
eToro is the best choice for those in search of social trading features and hands-off investing strategies. The exchange lets you copy the portfolios of top-performing traders, and it also offers pre-built portfolios that it rebalances on your behalf. Unlike Coinbase, eToro additionally provides stock and ETF trading. This makes it a better option if you’re looking to build wealth with investments beyond cryptocurrencies.
Coinbase, on the other hand, is a better option for crypto-focused traders. The exchange not only offers 100+ cryptocurrencies (eToro USA only offers more than 25), but it also provides a vast range of products and services for individuals and institutions. Plus, the platform recently launched the beta version of its NFT marketplace.
eToro and Coinbase’s features and account options also vary.
Cryptocurrencies, stocks, and ETFs
More than 25 cryptocurrencies
CopyPortfolios and CopyTrader system cater to hands-off investors
100,000 virtual demo account that lets you practice trading without losing any capital
Commission-free stock and ETF trading
Coinbase Earn pays you in crypto for watching educational videos about different assets
Staking rewards of up to 5%
Digital wallet services
Coinbase Pro offers advanced tools like trading bots and easily accessible real-time market data
Beta version of NFT platform offers charges 0%
Coinbase Card offers crypto spending perks; separate platform and services dedicated to institutional clients
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Source:: Business Insider