Etoro and Binance Australia are two of the best crypto exchanges available in US, UK, AUS. In today’s post, we’ve done a side by side comparison so you can figure out which one is right for you.
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- Offers access to 15 cryptocurrencies.
- Low minimum to fund an account and begin investing.
- Service only available in 41 U.S. states.
Etoro is a American, Australian, English cryptocurrency trading and exchange platform. It was conceived in 2007. The company has gained popularity amongst its users due to their commitment towards security as well as ease-of use features that are available on all platforms including mobile apps for Android or iOS devices so you can trade anytime anywhere.
- Fast, Feeless Fiat Deposits and Withdrawals
- High Staking and Interest Rates
- Complex for Beginners
Binance Australia is a trusted cryptocurrency exchange that was started in 2017. With over 300 different digital currencies, they are one of the most popular exchanges around today, selling and buying all the major coins such as Bitcoin and Ethereum.
How much does it cost to trade on Etoro and Binance Australia?
First, let’s take a look at how deposit fees work. Deposits on Etoro costs 0. On Binance Australia they charge 0 for a deposit.
When it comes to buy fees Etoro charge 0.75 and Binance Australia charges 0.10%.
When selling Bitcoin or other cryptocurrencies, Etoro takes 0.75 while Binance Australia is 0.10%.
Etoro offers 6 main methods to deposit EUR/USD/GBP/AUD/CAD. They are Bank transfer, Paypal, Poli, credit/debit card, Wire Transfer, Klarna, Rapid Transfer, iDEAL, skrill, neteller. The daily limit is $500 per day which most people shouldn’t be concerned about hitting as it’s more than enough for the average user!
Binance Australia allows you transfer funds through their supported payment options which are Bank transfer, Paypal, Poli, credit/debit card, Wire Transfer, Klarna, Rapid Transfer, iDEAL, skrill, neteller.
Binance Australia’s daily deposit limit is $10k.
The bottom line is, Etoro is the best choice as they have more deposit methods available which makes it easier to transfer funds.
Etoro protects your privacy and security using the following methods:
2FA verification, cold storage
FDICinsured USD balances
In Australia, Binance Australia is one of the most secure exchanges. They use a variety of methods to protect their customers from hackers, including:
Supports two types of 2FA
Manage your withdrawal addresses
Check the list of devices authorized to access your account
With this in mind it appears that Etoro has better security over Binance Australia.
Etoro has a great, user-friendly mobile app which can be downloaded on the Apple app store. It has a user rating of 4.3 on the Apple app store.
While Binance Australia does not have an official application available yet it’s website is accessible through your regular browser along with all of its regular features.
For traders on the go who love smooth experiences, Etoro is your best bet.
Etoro has been the top choice for those in US, UK, AUS for a while now. They offer great exchange rates, 24/7 support and low fees.
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