Coinbase isn’t available if you live in Hawaii, while eToro isn’t available to users who reside in New York, Hawaii, Minnesota and Nevada. ![]() Geographical AvailabilityĬoinbase and eToro are not available to residents of certain states. They offer 24/7 phone support as well as email and live chat.ĮToro only provides live chat and an option to submit a service ticket for a reply in the future. Customer ServiceĬoinbase has better customer service. They also allow you to invest in exchange-traded funds ( ETFs).Ĭoinbase only focuses on cryptocurrencies, and it does not provide access to any other investment assets. If you’d like to invest in assets beyond crypto, eToro provides a range of other options like stocks, commodities and currencies. The platform displays the value of your cryptocurrency balance, accounting for payment of the eventual 1% sales fee. The fee is charged upfront when you purchase crypto. With eToro, you are charged a spread fee of 1% of your total transaction to buy and sell cryptocurrencies-this is a very high fee. ![]() Someone trading less than $10,000 in a 30-day period would owe taker and maker fees of 0.6% and 0.4%, respectively. If you use Coinbase’s Advanced Trader product, the fee you pay depends on your 30-day trading volume. On their basic exchange, they charge a spread fee of approximately 0.5% to 1% for each transaction. When it comes to fees, Coinbase is much more competitive. However, eToro is missing many less common cryptocurrencies that you can probably find on Coinbase. With more than 200 cryptocurrencies to choose from, Coinbase offers a wider selection of tradable crypto assets.ĮToro’s lineup is decent, with more than 30 cryptos available, including popular coins like Bitcoin, Ethereum, and Cardano. Coinbase: Key Differences Cryptocurrency Selection Coinbase reimbursed users for their stolen investments. Hackers stole cryptocurrency from over 6,000 accounts because of an exposed flaw in the exchange’s two factor SMS system. The hackers also claimed access to the trading accounts.Ĭoinbase suffered a major breach in 2021. In 2020, hackers gained access to and shared the personal information of 62,000 eToro accounts, such as emails, passwords, and home addresses. With that being said, eToro and Coinbase have each run into security troubles over the years. Some of their protocols include using two-factor authentication, encryption and monitoring tools for fraudulent activity. SecurityĮToro and Coinbase have implemented strong security measures to keep their investors safe. Both platforms allow Ethereum (ETH) staking. But Coinbase offers slightly more coins that can be staked. The amount you receive depends on what crypto you stake and the amount you put up, with larger amounts earning more.ĮToro and Coinbase both offer staking. In exchange, you receive additional crypto. Staking is when you temporarily agree to lock up your cryptocurrencies to help run their underlying blockchains. Users can transfer crypto from their eToro account to the eToro Money wallet, giving them greater protection against hacks. Like the Coinbase Wallet, the eToro Money crypto wallet is a separate wallet app, although you’ll need your eToro credentials to use it. This wallet stores all ERC-20 tokens that run on the Ethereum network. It’s easy to make trades on Coinbase, but your private keys are stored on the exchange, leaving them potentially exposed to hacks. This is Coinbase’s default wallet option. Your private keys are stored on your device. It’s a separate wallet app that does not require you to open an account on Coinbase. This wallet supports “hundreds of thousands” of crypto assets. ![]() Coinbase provides three separate wallet options: Crypto WalletsĬoinbase and eToro both offer crypto wallets. The regular Coinbase exchange doesn’t offer advanced capabilities, but you can access them through the Coinbase Advanced Trade platform. You can follow trends using charts, research investments with expert analysis tools and plan your trading strategy. With eToro, advanced features are included right on the main platform. If you’re an experienced crypto investor, both eToro and Coinbase offer advanced trading capabilities.
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