Bitpanda vs eToro | Product Range, Trading Fees & Best UX
Jack Moreau
Apr 2024
9 min read
Fact checked
Looking to trade cryptocurrencies on Bitpanda vs eToro? Our team has conducted a comprehensive comparison of the two platforms, analysing factors such as sign up and KYC, available countries, trading fees, products, user experience, and more!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
When it comes to buying and selling cryptocurrencies, there are many options to choose from. Two popular exchanges in the market are Bitpanda and eToro.
Bitpanda was founded in 2014 and is an Austrian-based cryptocurrency broker that offers a wide range of trading options. It specializes in buying and selling cryptocurrencies, stocks, ETFs, commodities like gold and silver, and fractional share trading.
Bitpanda exchange
Bitpanda has a selection of over 100 cryptocurrencies available for purchase and sale. The exchange emphasises its user-friendly interface and transparency.
One downside is that Bitpanda primarily services European countries and is restricted in all countries outside of the EU besides UK, Turkey, UAE and Switzerland.
Bitpanda app
On the other hand, eToro is a global social trading and multi-asset investment platform that supports a limited range of 80 cryptocurrencies.
Restrictions include countries like Canada, China, India, Indonesia, New Zealand, Russia and South Africa.
eToro allows users to trade various financial instruments including stocks, ETFs, and over 80 cryptocurrencies.
eToro exchange
The platform has gained popularity for its user-friendly interface, diverse range of assets and innovative social trading features.
While both Bitpanda and eToro have their own unique features, Bitpanda is best for those looking for a wider range of cryptocurrency options and are primarily based in Europe.
eToro App
eToro on the other is ideal for those interested in trading 1000s of financial instruments in addition to a solid range of well known cryptocurrencies.
Bitpanda vs eToro Signup & KYC
Bitpanda and eToro are two popular cryptocurrency exchanges that allow users to trade a variety of cryptocurrencies. While both platforms require KYC verification, the signup process and verification times differ.
Creating an account on Bitpanda is a smooth experience that takes only a few minutes. Once you have confirmed your email, you will be asked to answer a few questions about your funds and intended deposits.
However, you won't be able to use full account privileges until you have completed the KYC verification process. Normally the verification is completed within 20 minutes but can take longer in some cases.
Bitpanda account creation
Signing up for eToro takes a bit more time as more information is requested. You just need to enter a username, email and confirm the email verification. However, to unlock full account privileges, KYC verification is necessary.
eToro KYC
The verification process on eToro can take several days to complete but shouldn't take more than a week. In summary, both Bitpanda and eToro require KYC verification, but the signup process and verification times differ.
Bitpanda vs eToro Products & Services
Bitpanda offers its European users the ability to invest in over 100 cryptocurrencies, 100s of stocks such as AAPL, MSFT, GOOGL, ETFs, crypto indices, precious metals and commodities. In total the exchange provides exposure to over 2000 digital assets.
Bitpanda products
The company also offers the Bitpanda card that lets users spend their crypto, staking rewards for over 20 cryptos such as ADA, SOL, DOT and ATOM, and an institutional custody service.
Bitpanda has done a great job when it comes to the user experience. The website is quite simple but modern, beginner-friendly and easy to navigate.
Buying crypto on Bitpanda
On the other hand, eToro is like a gateway to the vast universe of trading by offering over 3,000 financial assets while also being tailored to be easy and approachable.
Starting with stocks, eToro is your platform to access over 3,200 with the ability to buy fractional shares from S&P 500 sweethearts like Amazon, Google, Apple, Tesla, Microsoft and others.
eToro Stocks
Ever thought about trading currencies from different countries? It's an exciting world where you anticipate which country's currency might gain value and eToro offers over 50 currencies for trading (not available for US customers.
eToro Currencies
If tangible goods interest you, commodities are your thing. They're basic items that the world revolves around, like coffee, gold, or oil.
eToro offers a platform to trade in over 30 of these commodities, allowing you to be part of the global supply chain. Indices, currencies and commodities products are however not available to users in the United States.
If you've ever heard of Bitcoin or Ethereum and wondered what all the fuss is about, eToro provides a platform where you can explore over 70 digital assets including smaller cap coins like Solana and Cosmos.
For newcomers, trading might sound like a maze of charts and numbers. But with the eToro Academy, it becomes a walk in the park. This is where complex terms are broken down into friendly lessons.
eToro Academy
Charts are a trader's best friend, and thanks to eToro's collaboration with TradingView, these charts are vivid, easy to understand, and super interactive.
eToro Trading Tools
For those who prefer to practice before diving in, eToro's demo mode is perfect starting point. Here, you can trade with play money, allowing you to get a feel for the game without any real-world stakes.
eToro Demo Accounts
And another one of eToro's standout features is the CopyTrader feature. Here users can peek into the strategies of proven veterans, learn from their trades even copy their trades.
eToro Copy Trading (Past performances are not an indication of future results)
Lastly, if digital art and unique online collectibles have piqued your curiosity, eToro's Delta platform is your go-to place. Here, users can easily buy and sell NFTs on the Ethereum Blockchain.
Let's take a look at the trading fees offered by two exchanges, Bitpanda and Etoro. First up, Bitpanda.
This exchange only offers spot trading but their fees are competitive. The maximum maker fee starts at 0.15% but can be lowered if a user's trading volume exceeds 100,000 EUR during a 30 day period. The maximum taker fee is 0.25%.
Bitpanda spot fees
Now, let's talk about eToro. This exchange charges a 1% fee for buying and selling cryptocurrencies which definitely is on the high side of things.
eToro Crypto Fees
eToro does not offer any rebates for higher trading volumes which is a downside for high-volume traders. But they do however offer 0% commissions for those that want to buy and sell stocks with out any management or rollover fees.
When it comes to depositing funds, Bitpanda and eToro both offer a variety of options for their users. Bitpanda supports bank deposits for multiple European fiat currencies while eToro supports 4 fiat currencies.
For fiat deposits on Bitpanda, users can choose between bank transfers (SEPA), credit card (Visa and Mastercard), or payment providers like Neteller and Skrill. Fiat deposits on Bitpanda via SEPA are free of charge, but deposits via credit card will incur a 1.8% fee
Bitpanda fiat deposits
eToro supports popular options like PayPal, Skrill, Neteller and debit Card. Meanwhile, on eToro, all fiat deposits are free of charge. Conversion fee may however be applied as deposits are conducted in $.
Bitpanda offers users the ability to withdraw fiat money from their Bitpanda Pro wallet via bank transfer (SEPA) for EUR, GBP, and CHF. The minimum withdrawal amount is EUR 25 and comes free of charge.
Fiat withdrawal fees via bank transfer are also free. Withdrawing Bitcoin comes with a 0.00006 BTC fee, Ether comes with a 0.0011 ETH fee, Solana with a 0.0001 SOL fee and withdrawing ERC-20 USDT comes with a 4.44 USDT fee.
On the other hand, eToro offers fiat withdrawals via bank account or to a debit card. However, eToro charges a $5 withdrawal fee and fiat currencies besides USD are subject to conversion fees.
In conclusion, Bitpanda and eToro are both popular cryptocurrency exchanges that cater to similar users.
Both Bitpanda and eToro offer a wide range of financial instruments besides cryptocurrencies which includes stocks and much more.
Both exchanges also target beginners while Bitpanda is more focused on the European market while eToro is a more global company.
Bitpanda has in our opinion done a better job than eToro in creating a modern, easy to use interface that is both appealing and beginner friendly.
Both exchanges require KYC verification, but the signup process and verification times differ. When it comes to trading fees, Bitpanda offers competitive 0.15%-0.25% fees for spot trading while eToro charges a flat 1% fee for buying and selling cryptocurrencies.
Both exchanges offer a variety of fiat deposit options with Bitpanda being cheaper for certain methods and eToro offering more flexibility.
Disclaimer
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured.
Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance.
luckyaltcoin.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
