{"id":417392,"date":"2023-11-06T16:48:34","date_gmt":"2023-11-06T16:48:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=417392"},"modified":"2023-11-08T23:19:55","modified_gmt":"2023-11-08T23:19:55","slug":"etoro-vs-binance","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/etoro-vs-binance","title":{"rendered":"eToro vs Binance – Which Is The Best Pick In 2024?"},"content":{"rendered":"

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<\/a> and eToro<\/a> have continued to provide excellent crypto trading services to their customers.<\/p>\n

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.<\/p>\n

Visit The Best Crypto Exchange<\/strong><\/span><\/a>\n<\/p>

eToro vs Binance – Quick Overview<\/strong><\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n
<\/td>\neToro<\/b><\/td>\nBinance<\/b><\/td>\n<\/tr>\n
Fees<\/b><\/td>\n\n
    \n
  • Trading fees are based on a spread system; Variable according to CFD, trading volumes and market conditions.<\/li>\n<\/ul>\n
      \n
    • 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.<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • 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.<\/li>\n<\/ul>\n
      \n
    • 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.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Key Platform Features<\/b><\/td>\n\n
    \n
  • Copy trading feature – to allow beginners to follow the steps of more experienced traders in an automated manner.<\/li>\n
  • Also features trading on different types of assets such as the stock market as well as commodities.<\/li>\n
  • Demo trading account feature to experiment before you pay<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • Handy mobile app featured with all the information that can be found on the browser app.<\/li>\n
  • 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.<\/li>\n
  • Supports over 500 coins to trade from around the world, but the US version is limited to around 60.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Security Features<\/b><\/td>\nRegulated by:\n
    \n
  • UK – Financial Conduct Authority (FCA)<\/li>\n
  • EU – Cyprus Securities and Exchange Commission (CySEC)<\/li>\n<\/ul>\n

    Compliant with:<\/p>\n

      \n
    • MiFID<\/li>\n
    • ASIC<\/li>\n<\/ul>\n

      Cybersecurity:<\/p>\n

      Cold storage Custody as a Service (CaaS) solution – deployed in partnership with GK8.<\/p><\/td>\n

\n
    \n
  • Two-factor authentication is supported, including hardware, app and SMS\/email-based approaches.<\/li>\n<\/ul>\n

    Advanced access control capabilities include;<\/p>\n

     <\/p>\n

      \n
    • IP and wallet address whitelisting,<\/li>\n
    • API access control,<\/li>\n
    • device management,<\/li>\n<\/ul>\n

      all of which may be enabled or disabled by the user.<\/p><\/td>\n<\/tr>\n

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

Bank Card (Visa \/ Mastercard),<\/p>\n

P2P Express,<\/p>\n

Advcash Account Balance.<\/p>\n

Also allows direct crypto deposits through third party e-wallets.<\/p><\/td>\n<\/tr>\n

Special Features<\/b><\/td>\n\n
    \n
  • Multi Asset Platform.<\/li>\n
  • No Commission percentage<\/li>\n
  • Free Insurance up to €1,000,000.<\/li>\n
  • Social Trading community.<\/li>\n
  • Ability to copy top traders.<\/li>\n
  • Special fund & data protection.<\/li>\n
  • Mobile App.<\/li>\n<\/ul>\n<\/td>\n
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