Which Crypto Platform Is Right For You? – Tech Tribune France

eToro vs Coinbase: the biggest differences

eToro and Coinbase are two well-known platforms that individuals and institutions can use to access cryptocurrencies such as bitcoin, ethereum, dogecoin, and others. Both platforms also offer crypto storage options, but they differ in fees, account options and features, and investment types available.

eToro is the best choice for those looking for social trading features and hands-off investment strategies. The exchange lets you copy the portfolios of the most successful traders, and it also offers pre-built portfolios that it rebalances on your behalf. Unlike Coinbase, eToro additionally offers stock and ETF trading. This makes it a better option if you are 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 more than 100 cryptocurrencies (eToro USA only offers more than 25), but it also offers a wide range of products and services for individuals and institutions. Additionally, the platform recently launched the beta version of its NFT Marketplace.

Costs

1% when you buy or sell a crypto asset; 0% stocks and ETFs

Types of investment

Cryptocurrencies, stocks and ETFs

Costs

1% when you buy or sell a crypto asset; 0% stocks and ETFs

Types of investment

Cryptocurrencies, stocks and ETFs

Advantages

  • Can trade Bitcoin, Dogecoin, Ethereum, Litecoin, and a dozen other popular virtual assets; Stock and ETF trading available
  • eToro’s Copy Portfolios allow you to follow and copy the portfolios of experienced traders to improve your investment returns
  • Several educational resources
  • Access to web and mobile applications
The inconvenients

  • Not available to residents of New York, Minnesota, Nevada, Puerto Rico, Tennessee, Hawaii, Guam, American Samoa, Northern Marianas and US Virgin Islands (see full list of its restrictions geographical here)
  • Limited selection of cryptocurrencies (eToro USA currently offers over 25)
  • No margin accounts

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More information

  • Promotion: None at this time.
  • Features: Dogecoin and 15+ Cryptocurrencies, CopyTrader System, Copy Wallets and eToro Trading Academy
  • App Store Rating: 4.6 iOS / 4.3 Android

Costs

0.50% spread for buy/sell trades; transaction fees from $0.99 to $2.99; up to 0.50% for Coinbase Pro

Types of investment

Cryptocurrencies

Costs

0.50% spread for buy/sell trades; transaction fees from $0.99 to $2.99; up to 0.50% for Coinbase Pro

Types of investment

Cryptocurrencies

Advantages

  • Buy, sell or store over 100 cryptocurrencies like bitcoin and dogecoin
  • Educational investment resources, mobile access, digital storage and customer support
  • Low account minimums
  • Can earn rewards for certain cryptocurrencies
  • The Coinbase Card allows you to spend crypto or USD anywhere and earn crypto rewards; can deposit your paycheck into your account and convert USD to crypto at no cost
The inconvenients

  • No crypto futures or margin accounts
  • Pay more for lower balances
  • Not for users who want external storage wallets designed by personal wallet companies
  • High trading and transaction fees

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More information

  • Promotion: Get $5 worth of bitcoins when you join Coinbase
  • Features: Coinbase Earn rewards, advanced Coinbase Pro account, user-controlled storage, stablecoins, staking, and institutional trading tools.
  • App Store Rating: 4.7 iOS / 4.3 Android

The features and account options of eToro and Coinbase also vary.

Is eToro for you?

eToro is best for beginners and community-oriented traders who want to take advantage of social features, and it’s also suitable for hands-off investors, thanks to its CopyPortfolios and automated investing tools. The exchange currently offers more than 25 cryptocurrencies, including bitcoin, dogecoin, ethereum, and cardano.

Additionally, the platform recently launched stock and ETF trading. US users can trade full or fractional shares of both investment types with no commissions, but you’ll need at least $10 to get started. This gives eToro USA an edge over many crypto exchanges, as most only offer cryptocurrencies.

When it comes to its social trading features and automated tools, eToro offers two options: its CopyTrader system and its CopyPortfolios. With the CopyTrader system, you can sift through the portfolios of experts and successful traders and ask eToro to duplicate the same asset allocation in your portfolio.

Its CopyPortfolios, on the other hand, are pre-built and regularly rebalanced by eToro. The platform currently offers four: CryptoEqual, CryptoPortfolio, Crypto-currency and TheTie-LongOnly SmartPortfolio. The minimums for these wallets range from $2,000 to $5,000.

eToro also makes the transition to crypto trading easy for beginners by offering both eToro Academy, a collection of guides and videos on all things crypto and investing, and a demo account that lets you trade up to $100,000 without taking any real risk.

The eToro mobile app is available on iOS and Android devices.

Read Personal Finance Insider’s full eToro review here »

Is Coinbase for you?

Coinbase caters to individual and institutional merchants in over 100 countries, providing access to over 100 cryptocurrencies and account options like staking, crypto-backed loans, crypto payment perks.

The crypto exchange is particularly beginner-friendly, thanks to both its simple web and mobile platforms and investment products like Coinbase Earn. Coinbase Earn pays users to watch educational videos on different cryptocurrencies. For example, after watching a tutorial on one of its listed crypto assets (such as amp), you will be required to take a quiz. You will receive the crypto in your account after completing the quiz.

Coinbase also offers digital wallet storage services, NFT trading (the exchange recently released a transaction-free beta of its NFT platform), institutional services, and a Coinbase card that lets you spend crypto. and earn rewards in return.

Individuals will have the choice between two account types: the standard Coinbase account and Coinbase Pro. While you can enjoy all of the non-institutional products offered by Coinbase with the standard account, the Coinbase Pro subscription additionally includes a trading API that lets you create trading bots, a Websocket feed that gives you access to real-time market data, charting tools, and FDIC insurance of up to $250,000 on your USD balances.

Institutional clients can use the Coinbase Prime trading platform, institutional-grade offline storage, fundraising services for crypto startups, trading services, and more. (learn more about Coinbase’s institutional offerings here).

The Coinbase mobile app is available on iOS and Android (you can also use the Coinbase Pro iOS and Android mobile apps).

Read the full Coinbase review by Personal Finance Insider here »

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Which Crypto Platform Is Right For You? – Tech Tribune France


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