Coinbase vs Etoro: comparison of providers
In this article we set up a Coinbase vs Etoro comparison and show you which provider fits you better. While Coinbase is a pure trading platform for cryptocurrency, Etoro also offers trading in ETFs and stocks.
Coinbase vs Etoro - Coinbase
- On Coinbase you can trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Buying or selling stocks or ETFs is not supported.
- The company was founded in San Francisco in 2011 and has its headquarters there. In total, Coinbase has more than 13 million users from 32 countries.
- Coinbase wants to be particularly user-friendly and secure. Especially with cryptocurrency, these two aspects are not yet very mature on other platforms.
- Since Coinbase has an extremely high level of liquidity, you can expect that payments will be made safely and quickly.
- So far there has been no hack on Coinbase. As a result, the trading platform is one of the few that no cryptocurrency has yet been stolen.
- If you only want to trade cryptocurrency, you should choose Coinbase. The platform's fees are higher than those of the other providers, but Coinbase also gives you security and user-friendliness.
Coinbase vs Etoro - Etoro
- Etoro is not only a trading platform for stocks, ETFs and cryptocurrency, but also a social network. For example, you can see what other successful traders are doing.
- Etoro was founded in 2006 and has offices in Israel, England and Cyprus. The company is regulated by a European supervisory authority.
- The platform doesn't just offer cryptocurrency trading. You can also buy ETFs and individual stocks here. This means that Etoro has a much wider range of investments than Coinbase.
- However, Etoro's unique selling point is its social network. This allows you to easily copy and follow buying and selling strategies from other traders. To what extent you will be successful with this remains questionable.
- You can trade Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Ripple and Ethereum Classic on Etoro. As a result, Etoro offers a larger selection than Coinbase.
- If you want to trade other securities such as stocks or ETFs in addition to cryptocurrency, you should definitely try Etoro.
In the next practical tips, we will show you how to make money online with cryptocurrency and a comparison between Bitcoin and Ethereum.