eToro vs Coinbase

Etoro VS Coinbase

Which platform provides a better overall user experience – eToro VS Coinbase? Let us know your opinion in the comments below.

With the rise and rise of cryptocurrencies, and more and people getting into investing, it seemed a good time to write an informative review on two of the best known software platforms to trade on; eToro and Coinbase.

Table of Contents

eToro VS Coinbase – Quick History of Both
eToro VS Coinbase – Overall Features
eToro VS Coinbase – Overall User Experience
eToro vs Coinbase – Further Reasons to Invest With eToro

eToro VS Coinbase – A Quick History of Both

eToro was founded in Tel Aviv Israel in 2007, but it wasn’t until 2010 that it became the social investment platform (along with its now famous Copy Trading feature) that it is today.

As of the second quarter of 2021, it has 23.2 Million users and operates in 140 countries.

eToro is worth $10.4 Billion as of July 2021.

Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam, and has grown to 56 Million + Users operating in 100+ countries.

As of 2020 Coinbase revenues totalled $1.28 billion — 86% of this revenue came from its transaction fees.

eToro VS Coinbase – Overall Features

eToro has pioneered its own Copy Trading where you can copy expert traders. You can have a look at the trader’s in depth profile to see if their approach is best for you, and check their success rate. Being able to effectively have a mentor to learn from is undeniably invaluable.

You can create your own watchlist(s) so that you can stay updated on how a stock is performing. You can have up to 50 stocks in your watchlist but unlimited watchlists.

The user experience and overall feel of eToro is very appealing in that you can easily connect with other traders, the platform functions like Social Media in terms of how you can interact.

You can start with a virtual account to get used to the platform and practise your trading skills. You get $100,000 in your virtual account.

Coinbase, by contrast is a much simpler platform and the features reflect this.

eToro VS Coinbase – Overall User Experience

As far as we can tell from extensive research and personal experiences these are the best features for overall user experience on eToro:

Crypto Copy Portfolios: This portfolio management product uses a highly appealing and useful predetermined investment strategy. All users are required to invest a minimum of $2,000 – 5,000, depending on the actual portfolio, in order that they may be able to automatically copy the existing portfolio itself. 

CopyTrading: This involves being able to see real-time trades made by actual public investors that you can follow, and you can copy these traders providing you are able to contribute a minimum investment of $500 per trader that you would like to copy. 
Demo account: This account allows you to effectively play around with $100,000 in virtual money so you can get a feel for market transactions and see how you do before investing actual real money. This can be a wonderfully sobering experience as well as the perfect learning curve.

It’s important to digest that eToro features over 100 crypto trading pairs, however Coinbase offers about 54, and this depends on where you live.
To be precise, Coinbase accepts currencies like USD, GBP, and EUR. You are able to withdraw eToro funds in USD, EUR, GBP, CAD, AUD, JPY, RMB, and RUB. The advantages here are clear.

In all fairness, both platforms definitely offer popular crypto, however Coinbase provides more in terms of up-and-coming altcoins.

eToro is great for supporting the trading of 19 coins and it’s worth mentioning that you actually will not find MIOTA, NEO or in fact TRX on Coinbase’s full list of 51 coins.
To be entirely comprehensive the existing 19 eToro cryptocurrencies include: 

Dogecoin (DOGE) – a favourite of Elon Musk (and us)
XRP by Ripple Labs (XRP) (not available in the U.S.)
Dash (DASH)
Bitcoin Cash (BCH)
Bitcoin (BTC)
Ethereum Classic (ETC)
Ethereum (ETH)
Chainlink (LINK)
Stellar Lumens (XLM)
Cardano (ADA)
Zcash (ZEC)
Litecoin (LTC)
Tezos (XTZ)
Binance Coin (BNB) (not available in the U.S.)
Uniswap (UNI)

Here are some of the issues with the user experience on Coinbase:

You don’t actually get to see the unrealised profit and loss of your trades. How can you make informed decisions about your trades and portfolio on a daily or longterm basis without knowing this?

You also randomly seem to see a lot of useless information about coins and stocks that you don’t own! Surely an investor wants to have as much info as possible on their OWN portfolio? Not pushed needless information on stocks they don’t own? Obviously a ploy to get you to buy other things.

You can’t set up price alerts either. It’s very useful for investors to know when your stock has reached a certain value, so that you can set both short term and long term goals. You can do this on eToro, but not Coinbase.

eToro vs Coinbase – Further Reasons to Invest With eToro

As if it weren’t obvious already here are some clear reasons why eToro trumps Coinbase:

eToro were the first to offer commission free stock investment in Europe allowing investors to buy stocks without commissions or mark-ups.
Powerful training tools to help you perform your own analysis.
In your feed you can join in discussion with other traders and how they feel about a particular stock. It feels like a Social Media Platform in itself. In this eToro seems to be achieving what they set out to achieve – a Social Platform for Traders.
eToro also has its own Trading Academy so that you can fine tune your trading skills whether you are a day trader, swing trader, or longterm investor.

If you are looking for more information about both platforms you could check out this Investopedia article here:

In our experience we made $750 in the Virtual Trading by Copying existing traders on our first day, and although we can’t stand by that as everyone’s experience it is at least interesting and worth considering. We would encourage our readers to risk only what you can afford but to research well and stay focused, informed and positive. Our best wishes go with you!

PI rankings

Recommended Reading:

For more on the user experience of Coinbase try this article:

8 Comments Add yours

  1. I am using both platforms and I am happy with my results on both. However I do not think the two can be compared. Not even if we only stick to cryptocurrency. People often complain about the high fees on etoro and there still are so many investing in cryptocurrency there. So there probably is a reason for that.

    1. Interesting viewpoint. I guess it all depends on personal goals and preferences. EToro is more suitable for beginners, easier to navigate as a platform and the Social Trading angle is definitely appealing in our view.

      1. I now have 4+ years of experience at eToro. Not everything is what I would like it to be, of course. But there are many ways in which information can be obtained. Since I have platinum + stutus, of course more than when someone manages a small sum. For example, when you look at profiles and see how some people perform at very high risk, how they proudly speak of their impressive winnings, but are bankrupt a few months later, it affects my thinking. And there are many such examples.

    1. Thanks so much for taking the time to leave a lovely comment.

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