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eToro vs Binance – Which Is The Best Pick In 2023?

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

There’s probably no one in today’s crypto world who has never heard of Binance and eToro. Occasioned by the presence of these crypto trading platforms, investing in cryptocurrencies has been easy and worthwhile. Both Binance and eToro have continued to provide excellent crypto trading services to their customers.

In this guide, we extensively reviewed and compared the two platforms to discover how they stand side-by-side. There’s no doubt that both platforms have their pros and cons and are better than each other in one way or the other. Read on to discover how they fare in terms of security, supported cryptocurrencies, transaction types, fees, and many more.

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eToro vs Binance – Quick Overview

eToro Binance
  • Trading fees are based on a spread system; Variable according to CFD, trading volumes and market conditions.
  • No deposit fees except when converting any currency to USD, which is their main FIAT currency used to buy digital assets. Flat rate of $5 with every withdrawal. eToro also has a fee of 0.5% (max $50) when transferring funds from eToro account to eToro Wallet.
  • Trading fee depends,, starting from 0.1% up to 0.02% in maker fees and 0.1% – 0.04% in taker fees, according to trading volume on a 30 day interval in BTC, and BNB holdings.
  • Deposits through bank accounts are free outside the US and $15 is charged per US wire transfer. Debit and credit card transactions carry a rate of 3.5% with a minimum of $10.
Key Platform Features
  • Copy trading feature – to allow beginners to follow the steps of more experienced traders in an automated manner.
  • Also features trading on different types of assets such as the stock market as well as commodities.
  • Demo trading account feature to experiment before you pay
  • Handy mobile app featured with all the information that can be found on the browser app.
  • Features the option to open a wallet for you, while also leaving you the option to link exchange with your own personal wallet like metamask.
  • Supports over 500 coins to trade from around the world, but the US version is limited to around 60.
Security Features Regulated by:
  • UK – Financial Conduct Authority (FCA)
  • EU – Cyprus Securities and Exchange Commission (CySEC)

Compliant with:

  • MiFID
  • ASIC


Cold storage Custody as a Service (CaaS) solution – deployed in partnership with GK8.

  • Two-factor authentication is supported, including hardware, app and SMS/email-based approaches.

Advanced access control capabilities include;


  • IP and wallet address whitelisting,
  • API access control,
  • device management,

all of which may be enabled or disabled by the user.

Cryptocurrencies Supported Current selection of around 120 of the most popular & stable cryptocurrencies, ranging from BTC to ETH, BNB, XRP, ADA, DOGE and more. Binance offers 500 different cryptocurrencies worldwide, however is limited to around 60 in America.
Types of Transactions Buying, selling, & CFD trading with currencies, commodities, indices, stocks, and cryptocurrencies. The accepted trade orders include;
  • Limit orders,
  • Market orders,
  • Stop limit orders,
  • Stop market orders,
  • Trailing stop orders,
  • Post only orders,
  • Limit TP/SL orders.
Deposit Methods Paypal, Neteller, Skrill, Rapid Transfer, iDeal, Klarna / Sofort Banking, Bank Transfer, Trustly Online Banking, & POLi. Bank Transfer (SEPA / SWIFT),

Bank Card (Visa / Mastercard),

P2P Express,

Advcash Account Balance.

Also allows direct crypto deposits through third party e-wallets.

Special Features
  • Multi Asset Platform.
  • No Commission percentage
  • Free Insurance up to €1,000,000.
  • Social Trading community.
  • Ability to copy top traders.
  • Special fund & data protection.
  • Mobile App.
  • Strong focus on altcoins market with over 500 to choose from
  • Attractive fees, much lower than most exchanges
  • Portal for tax statements
  • ID verification process
  • Readily available sources of education
  • Access to NFT marketplace

eToro – Key Pros and Cons


  • A decent amount of popular cryptocurrencies are listed, compared to other platforms.
  • Commissions do not apply when trading stocks
  • Investors can automatically follow other experienced traders’ moves using the handy copy trading feature.
  • Competitive spreads vary across different coins.
  • Virtual portfolios and other types of resources are available for beginners to learn more.
  • Cross-user trading available through the site.
  • Supported by PC and mobile.


  • The service is not accessible from a few states in America.
  • There is a limit on investment possibilities.
  • Not the most advanced technical analyses on the market.
  • Withdrawal fees
  • Inactivity fees

Visit eToro

Your capital is at risk.

Binance – Key Pros and Cons


  • Massive lineup of coins
  • Low buy fees for both instant and non-instant buys
  • Unmatched trading fees
  • Other fees are also relatively low
  • Highly active community
  • Lots of educational resources are readily available


  • Limited availability in the U.S.
  • Verifying account can be problematic
  • Lack of transparency
  • Withdrawal fees
  • Wide selection of platforms could cause confusion
  • E-mail channel is non-existent and chatbot is useless
  • Lack of SIPC and FDIC insurance

Visit Binance

Your capital is at risk.

eToro vs Binance – Web Platform & Mobile App Overview

In this session, we fully compare the web and mobile platforms of the two crypto trading platforms.

Web Platforms Of eToro And Binance

In terms of popularity, Binance and eToro stand out among the most widely used crypto exchanges in the world. The two trading platforms feature web versions that deliver great user experiences.

For the sake of this comparison, we’re comparing how each of these tools helps you get access to new markets so that you can decide which of the two is the most useful and ideal for your personal preference.

eToro vs Binance

More than 150 cryptocurrencies are now available for trading on Binance. Access to 32 coins is available on the platform. eToro, on the other hand, offers a greater variety of financial tools for trading those currencies.

For example, in the FX market, you may trade currency pairs and then transfer to another asset class with ease. Major cryptocurrencies like Bitcoin, Ether, and Ripple may be accessed on these sites. Binance is the better option if you’re looking for tiny alt currencies.

The eToro platform is designed to be more user friendly. Despite the fact that it has a slew of extra capabilities, such as leverage trading and more complex option configurations, it never appears to feel the need to overcrowd the interface. eToro is a superior option for individuals just getting started in the crypto industry because of this.

Few sites in the crypto industry are as user-friendly as this one. Standard features seen on other mainstream platforms like Yahoo Finance, or even alternative platforms such as Coinbase, have been included into the user interface. One can refer to our Coinbase review for more information on alternative platforms

Below, one can have a look at the platforms on top of eachother; with eToro at the top and Binance at the bottom.

`web & mobile platform screenshots for eToro

web & mobile platform screenshots for Binance

Mobile Apps Of eToro And Binance

Both eToro and Binance have mobile versions that deliver the same experience as their web platforms. The Binance app tends to have more negative reviews due to numerous complaints about the lack of transparency, bad customer support and even problems with withdrawals. Other than that, it’s all positive for Binance.

On the other hand, eToro’s app does a great job at keeping the mobile app just as user-friendly as their web platform is known to be. It’s great for beginners. It might not be as sophisticated or detailed as Binance but it’s got just the right amount of detail so that beginners can navigate easily.

eToro vs Binance

If you’re looking for a well-detailed web platform with all the necessary details and a super-wide range of options, Binance could be your ideal exchange. However, if you prefer a platform with a user-friendly interface, eToro is more ideal. When it comes to their mobile apps, it’s exactly the same story. Hence, it is not surprising that its money app is one of the recommended crypto wallets for beginners.

eToro vs Binance – Fees

As a Binance user, the trading fees you pay may be cut by a quarter of a percentage point if you use BNB. You’ll also be charged a minimum of $10 if you use your credit card. The real charge is 3.5 percent of the purchase price, though it can never be less than $10. Fees are lowered if you exchange larger amounts.

Meanwhile, trading with less liquid assets results in higher fees at eToro. But, when you trade well-known cryptocurrencies, you should anticipate to pay anything from 0.75 to 2%. If the assets you are dealing with aren’t so popular , this amount may rise to 3.5%. Deposits are completely free.

Binance is the better platform in terms of fees. In spite of the spread system utilized by eToro, Binance really takes less money from your wallet over the long run. When it comes to huge trades and high volumes, Binance is the best option.

eToro vs Binance – Deposits And Withdrawals

In addition to bank transfers and e-wallets like PayPal, clients may use a broad range of deposit options on eToro. It does not charge any deposit fees to its consumers in the United States or abroad. Customers who deposit funds in U.S. dollars to their eToro accounts are not charged any fees.

Binance vs eToro

But, depositing with other fiats may attract a small fee. For U.S. and U.K. citizens, you have to deposit at least $10 upon the creation of your account to get started. Those who reside outside these jurisdictions must make a $50 deposit. For more information, you can check out our eToro review.

Binance, on the other hand, allows free bank account deposits from users outside the U.S. It charges $15 for every U.S. wire transfer. Debit and credit card transactions also carry a rate of 3.5% with a minimum of $10. Users are charged a fixed fee for each withdrawal from their Binance account to cover the expenses of transporting their Bitcoin.

As a result of variables like congestion on the blockchain, withdrawal rates might change without warning. For more information, check out our Binance review

eToro vs Binance – Security, Trust, And Reputation

In this session, we examined how eToro and Binance have been able to build reputation and trust in recent years. We also scrutinize the measures they have put in place to deliver safe services to their users.


The ISO (International Organization for Standardization), has given Binance an information security certification, the company reports. Security policy, asset management, operational security, and information systems were among the 114 factors reviewed in the audit.

However, Binance first blamed a third-party source for the apparent breach of up to 60,000 customers’ KYC data, which it later admitted was not the case. In May 2019, a cyber-attack resulted in the loss of $40 million in money. A second fund was set out for such circumstances, and all users were refunded.


In recent years, Binance has played a prominent role in fighting against rising exploitations in the industry. Around August 2022, the exchange recovered 80% of the assets that were stolen from Curve Finance. More so, it tracked and identified two individuals in connection to KyberSwap’s hack.

According to findings, Binance carried out an independent investigation into the hack to identify the suspects and consequently drew the attention of law enforcement agencies. Aside from that, it also helps Axie Infinity to recover over $5.8 million stolen from its network in 2022. Just recently, Binance, in a joint effort with Huobi, stopped the exploitation of Harmony Bridge.

Overall, Binance has established itself as a force to reckon with in the crypto and blockchain landscape. As one of the world’s largest cryptocurrency exchanges by volume, Binance has a very excellent reputation in the crypto world because of the charisma of its CEO, Changpeng Zhao and his outstanding communication and community management abilities.


eToro has never been the target of a hacking attempt or had any of its users’ funds stolen. It boasts strong safety measures to protect its customers’ finances and personal information.

As one of the best crypto trading platforms, eToro is overseen by the most stringent standards of accountability and transparency. Regulated by the CySEC (Cyprus Securities and Exchange Commission), eToro is now available in Cyprus.


Keep in mind that cryptocurrencies do not have any strong government oversight, so use caution while dealing with them. When it comes to Bitcoin trading and other crypto-related investments, there is no assurance available from compensation systems anywhere in the world. Because of the absence of restrictions, you can only take your complaint to your local financial ombudsman.

eToro vs Binance – Supported Cryptocurrencies To Trade

More than 500 cryptocurrencies and NFTs are now available for trading on Binance, while access to a few over 50 coins is available on the eToro platform. eToro offers a greater variety of financial tools for trading currencies. For example, in the FX market, you may trade currency pairs and then transfer to another asset class with ease.

Major cryptocurrencies like Bitcoin, Ethereum, Ripple and many more may be accessed via both of these sites. Binance is the better option if you’re looking for lesser known altcoins.

Check out our guide to discover some of the best cryptocurrencies to buy now.

Etoro’s List Of Tradable Cryptocurrencies

# Name Symbol
1 1inch 1INCH
2 Aave AAVE
3 Ankr ANKR
4 Algorand ALGO
5 Avalanche AVAX
6 Axie Infinity AXS
7 Balancer BAL
8 Bancor BNT
9 Basic Attention Token BAT
10 Binance Coin BNB
11 Bitcoin BTC
12 Bitcoin Cash BCH
13 Cardano ADA
14 Celo CELO
15 Chainlink LINK
16 Chiliz CHZ
17 Compound COMP
18 Cosmos ATOM
19 Curve CRV
20 Dash DASH
21 Decentraland MANA
22 Dogecoin DOGE
23 dYdX DYDX
24 Enjin ENJ
26 Ethereum ETH
27 Ethereum Classic ETC
28 FET
29 Filecoin FIL
30 Gala GALA
31 Hedera Hashgraph HBAR
33 Litecoin LTC
34 Loopring LRC
35 Maker MKR
37 Polkadot DOT
38 Polygon MATIC
39 Quant QNT
40 REN Protocol REN
41 Ripple XRP
42 Sandbox SAND
43 Shiba (in millions) SHIBxM
44 Solana SOL
45 Spark FLR
46 Stellar XLM
47 Storj STORJ
48 SushiSwap SUSHI
49 Synthetix SNX
50 Tezos XTZ
51 The Graph GRT
53 Uniswap UNI
54 YFI
55 Zcash ZEC

Buy Crypto on eToro

Your capital is at risk.

Binance’s List Of Top Tradable Cryptocurrencies

# Name Symbol
1 JasmyCoin JASMY
2 Bitcoin BTC
3 Binance USD BUSD
4 ApeCoin APE
5 Ethereum ETH
6 Ethereum Classic ETC
7 Ethereum ETH
8 Terra LUNA
9 Avalanche AVAX
10 Bitcoin BTC
11 Shiba Inu SHIB
13 SuperRare RARE
14 Gala GALA
16 USD Coin USDC
19 Solana SOL
20 Bounce Finance Governance Token AUCTION
21 Waves WAVES
22 Contentos COS
23 Ethereum ETH
24 Origin Protocol OGN
25 TerraUSD UST
27 Cardano ADA
28 Loopring LRC
29 ApeCoin APE
30 Fantom FTM
31 MovieBloc MBL
32 Highstreet HIGH
33 Polkadot DOT
34 Harvest Finance FARM
35 JasmyCoin JASMY
36 Terra LUNA
37 The Sandbox SAND
38 Immutable X IMX
39 USD Coin USDC
40 Litecoin LTC
41 Tether USDT
42 Dogecoin DOGE
43 Frontier FRONT
44 Shiba Inu SHIB
45 NEAR Protocol NEAR
46 Dash DASH
47 ConstitutionDAO PEOPLE
48 Alpine F1 Team Fan Token ALPINE
49 Serum SRM
51 Terra LUNA
52 Tranchess CHESS
53 Audius AUDIO
54 Chainlink LINK
55 Polygon MATIC
56 Elrond EGLD
57 SuperRare RARE
58 Avalanche AVAX
59 Decentraland MANA
60 Alpine F1 Team Fan Token ALPINE
61 Ethereum ETH
62 Cosmos ATOM
63 Beta Finance BETA
64 Moonbeam GLMR
66 ApeCoin APE
68 Qtum QTUM
69 Sun (New) SUN
70 Solana SOL
71 Bitcoin BTC
72 Santos FC Fan Token SANTOS
73 Bitcoin BTC
74 Alpaca Finance ALPACA
75 Ethereum Classic ETC
76 VeChain VET
77 League of Kingdoms Arena LOKA
78 Shiba Inu SHIB
79 BinaryX BNX
80 Zcash ZEC
81 Cocos-BCX COCOS
82 OMG Network OMG
84 The Graph GRT
85 Filecoin FIL
86 Terra LUNA
87 Smooth Love Potion SLP
88 Ethereum Classic ETC
89 Moonriver MOVR
90 Trust Wallet Token TWT
91 Internet Computer ICP
92 Oasis Network ROSE
93 Keep3rV1 KP3R
94 Contentos COS
95 QuickSwap QUICK
96 Gala GALA
97 Aave AAVE
98 Frontier FRONT
99 dYdX DYDX
100 Measurable Data Token MDT

Buy Crypto on Binance

Your capital is at risk.

There’s no doubt that Binance has an edge over eToro in terms of the number of cryptocurrencies. Hence, if you are looking for a crypto trading platform with many coins, you can consider Binance. The difference between eToro and Binance may be explained by the fact that eToro focuses on a larger range of assets, including stocks while Binance focuses primarily on cryptocurrencies and NFTs.

Nevertheless, if you are a beginner on any of these platforms, we recommend that you read our guide on how to buy cryptocurrency safely.

eToro vs Binance – Supported Cryptocurrencies To Stake

Staking is best described as an endeavor that allows you to lock your crypto assets for a period of time. Those who engage in this are called stakers and are entitled to certain incentives. In this session, we cover the staking features of both platforms.


eToro makes it simple and safe for you to put your money on the line. The monthly staking incentive on this platform is automatic, meaning stakers would not have to do anything to unlock it.

eToro Staking

When you stake on eToro, you are entrusting the platform to carry out the entire staking procedure safely. eToro has put in place measures to ensure that the assets staked on its platform are protected from risks. In return, it retains a small share of the earnings to cover both its operating and technical costs.

Stakable Cryptocurrencies On eToro

Cryptocurrency Asset Monthly yield staking reward percentage, according to level. Cryptocurrency intro days
Bronze members, all US users Silver, Gold, Platinum Club members Diamond, Platinum+ Club members
Cardano (ADA) 75% 85% 90% 9 staking intro days (rewards begin on 10th day of holding)
Tron (TRX) 75% 85% 90% 7 staking intro days (reward begin on 8th day of holding)
Ethereum (ETH) 75% 85% 90% More information on eToro website

Stake Crypto on eToro

Your capital is at risk.


Binance’s staking mechanism provides a broad variety of options. It’s possible for users to examine all of the alternatives offered on the site, as well as the amount of danger they pose. The higher the APY, the greater the risk. As opposed to flexible saving alternatives, which give incentives on a daily basis, but only at a very modest rate of return, consumers benefit from frozen funds once the term has expired.

Binance Staking

An IEO, or Initial Exchange Offering, is a way for cryptocurrency entrepreneurs to raise money via an exchange. Binance Launchpad pioneered this method. Users of the Binance Launchpad may sometimes win prizes by staking their currencies in various projects on the platform. The projects that may be staked are updated on a regular basis.

Stakable Cryptocurrencies On Binance

Digital Assets Duration Max. Locked Staking Limit Per User Standard Annualized Interest Rate Min. Locked Staking Limit
AXS 90 days 3 AXS 104.62% 0.0001 AXS
SHIB 10 days 7,000,000 SHIB 10.12% 200 SHIB
VET 90 days 3,000 VET 7.32% 1 VET
SOL 90 days 3 SOL 12.12% 0.0001 SOL
AVAX 90 days 5 AVAX 20.19% 0.0001 AVAX
NEAR 90 days 25 NEAR 20.27% 0.001 NEAR
LUNA 90 days 5 LUNA 16.67% 0.0001 LUNA
ADA 90 days 200 ADA 10.43% 0.001 ADA
MATIC 90 days 150 MATIC 20.09% 0.001 MATIC
CAKE 90 days 10 CAKE 70.56% 0.001 CAKE

Stake Crypto on Binance

Your capital is at risk.

eToro vs Binance – Unique Features

No platform has been able to equal the copy trading functionality of eToro. A copy trading account enables you to simply copy the trades of your favorite eToro trader. Your portfolio may be split among many traders, thus allowing you to form a mutual fund of managers.

Meanwhile, Binance is catching up to eToro in terms of popularity. All of eToro’s core features are now available on Binance, thanks to its recent launch of margin trading. eToro continues to provide its customers with access to a greater range of investments. You’ll be able to select between a wider range of alternatives with reasonable ease.

eToro and Binance comparison

eToro is a superior trading platform. You may also use eToro to engage in high-frequency trading by using its 1-click trading and fixed spreads features. For Islamic traders, eToro offers a separate account type called a Shariah-compliant account, which Binance has yet to implement.

Outside eToro, there are other numerous alternatives to Binance. Check out our guide to discover other Binance alternatives to consider.

Etoro vs Binance – Final Verdict

Here’s a few points to keep in mind when comparing the two exchanges overall;

  • Binance has lower costs, particularly if you pay using their BNB cryptocurrency and get substantial savings (25 percent).
  • When it comes to the number of currencies that may be traded, Binance is the clear winner.
  • eToro has a leg up on Binance when it comes to regulatory compliance and licensing, while the latter is unregulated and unlicensed.
  • In terms of customer service, it’s a toss-up between the two.
  • eToro’s deposit and withdrawal possibilities are considerably better than Binance’s.
  • eToro is the clear winner when it comes to security, since they have never had any money or data losses in their 14 years of operation.
  • Both platforms provide a wide range of sophisticated trading operations, including margin trading.
  • Both have a high reputation in the crypto world, though there have been a few isolated complaints.


Prior to Binance’s inception, eToro had become a well-known online marketplace for a wide range of monetary instruments. Binance’s rise since its founding in 2017 has positioned it as one of the largest cryptocurrency exchanges on the planet, and eToro’s entry into the cryptocurrency market in 2018 meant that the two exchanges’ paths were bound to cross.

In the world of cryptocurrency, Binance is the go-to exchange for novices who want to get into an advanced, fully blown trading platform. As a potential participant in the crypto trading environment, eToro is well-known for its special features, versatility and unique social approach to the investing industry. The comparison between Binance and eToro is inevitable since their paths have already crossed.

When looking at all the details, our preference goes to eToro – thanks to its unique approach in the crypto market. It hosts a great selection of special features like copy trading which aren’t found on any other platform.

In order to benefit from mimicking a well-known trader, eToro’s copy trading function is unparalleled in the business. What makes eToro so popular in such a broad range of nations is the fact that it is accessible to everyone.

If you wish to switch between other asset classes or trade in the foreign exchange market, eToro is a better choice.

eToro - Our Recommended Crypto Platform

Our Rating

eToro exchange
  • ASIC, CySEC and FCA regulated - 30 Million Users Worldwide
  • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
  • Free Demo Account, Social Trading Community
  • Free Secure Wallet - Unlosable Private Key
  • Staking Rewards for holding ETH, ADA or TRX
  • Copytrade Professional Crypto Traders
eToro exchange
Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.


Can I transfer crypto from Binance to eToro?

Yes. First, you log into your Binance account, then select the wallet menu. From there, click on overview, withdraw, and once you’ve picked out the crypto you want to transfer to eToro, you just need to add your wallet address and complete the transaction.

Is Binance better than eToro?

It depends on your personal preference and skill level. Binance could be a better option if you are looking for a solid, vast and well-informed platform. Binance also has more options when it comes to cryptocurrencies to trade and stake. However, eToro does have the advantage when it comes to user-friendly UI, reliable customer service, quirky tools and ease of use.

How can I move crypto from my eToro account to Binance?

On your mobile device, open the eToro money app, and login in. Then, you should proceed to the “crypto” tab, select the asset you want to transfer and enter the address and amount. You may either manually enter the recipient's public address or use the camera icon to scan their QR code and have the public address entered for you. Make sure you double-check the recipient's address and then press the 'Send' button. When this is done, your phone will get an SMS with a verification code. Tap 'Verify' once you've entered the code you received. It's done! Confirmation of your request will be shown on the screen. Go to the 'Transactions' page and check the progress of your request.


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