Etoro and Coinbase are two of the best crypto exchanges available in US, UK, AUS. In today’s post, we’ve compared the two so you can make the right choice.
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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 cryptocurrency trading and exchange platform that was conceived in 2007. After operating for that long, the company gained a great reputation amongst its users and is one of the best crypto exchanges on American, Australian, English soil. It currently offers BTC/AUD as well as 25+ other assets for purchase with EUR/USD/GBP/AUD/CAD.
- Solid variety of altcoin choices
- Extremely simple user interface
- High fees when not using Coinbase Pro
Coinbase, a cryptocurrency platform based in US has been operating since 2012. The company offers exchange services for Bitcoin (BTC), Ethereum(ETH) and many other digital currencies to its customers across America making it one of this country’s most trusted exchanges today!
Every time you buy, sell, deposit and withdraw, each exchange will charge certain fees. Here’s a comparison of the fees between Etoro VS Coinbase.
First you’ll need to deposit your money on the exchange in EUR/USD/GBP/AUD/CAD. Etoro takes a cut of 0 and Coinbase charges a 3.99% fee via debit card for deposits.
Every time you buy crypto, Etoro charges a fee of 0.75 and Coinbase charges 0.50%.
When you go to sell your Bitcoin or Crypto Etoro charges 0.75 and Coinbase takes a 0.50% cut.
After depositing, buying, selling and withdrawing, Etoro is the better option because it’s cheaper.
Etoro offers 5 main methods to deposit EUR/USD/GBP/AUD/CAD:
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!
Coinbase allows you transfer funds through their supported payment options which are:
Bank Account, Instant Cashouts, Debit Card, Wire Transfer, PayPal, Apple Pay
Coinbase’s daily deposit limit is $50 (for initial verification).
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 US, Coinbase is one of the most secure exchanges. They use a variety of methods to protect their customers from hackers, including:
2FA via SMS or Google Authenticator app
Cold storage and multisignature wallets
KYC and antimoney laundering protections
With this in mind it appears that Etoro has better security over Coinbase.
Etoro’s mobile app is highly rated by their users with a user rating of 4.3 on the Apple app store.
Coinbase does not have an app, however its website is accessible through a mobile browser, and is simple enough to use.
Etoro is your best bet for traders who value a great mobile app.
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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