eToro vs. Coinbase: Which Is Right for You? | The Motley Fool

When you compare eToro vs. Coinbase, they are both solid crypto exchanges. But they shine in different ways and will appeal to different types of investors. The big difference is that eToro is a crypto broker where customers can invest in crypto alongside stocks, ETFs, and other assets. Coinbase is a dedicated crypto exchange with more educational information, more cryptos, and more functionality for crypto investors. 

eToro boasts social trading features like copy trading. Copy trading lets clients mirror the trades of top-performing traders. It also has a demo account where people can test out trading strategies without risking any capital.

Coinbase is a great option for first-time cryptocurrency traders, even though its fees are slightly higher on the basic platform. It has excellent educational resources, and its interface is extremely easy to use. It has a wider range of cryptocurrencies, and the way the exchange interacts with the wallet is more flexible.

One additional factor to take into account is that eToro is not available in every U.S. state. Residents of Hawaii, Minnesota, Nevada, and New York won’t be able to access eToro. Hawaii is the only state not yet supported by Coinbase.

If neither of them feels right, check out our list of top cryptocurrency apps and exchanges for more recommendations. And don’t be afraid to open accounts with more than one crypto exchange. Sometimes the best way to find out which one is right for you is to test them out. Just make sure you know what fees you’ll have to pay before you transfer your hard-earned cash.