Bitstamp vs eToro | Which Is The Overall Better Exchange?
Jack Moreau
Mar 2024
9 min read
Fact checked
Finding the best exchange can be overwhelming with so many options available. We have compared Bitstamp vs Etoro across their respective KYC requirements, country availability, trading fees, product offerings and user experience, to help you pick the best one!
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.
Bitstamp and eToro are both popular cryptocurrency exchanges, but they differ in several ways.
Bitstamp was founded in 2011 in Slovenia and is one of the oldest cryptocurrency exchanges in the world.
Bitstamp exchange
It has become a trusted platform with over 4 million users worldwide. With a focus on the European market, Bitstamp offers support for over 80 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, XRP, USDT, and USDC.
Bitstamp's emphasis on security and transparency has earned it a solid reputation in the industry. The exchange has over 500,000 downloads on its Android app with a 3.7 rating based on 12,000 reviews.
Bitstamp app
Etoro on the other hand was founded in 2007 in Tel Aviv and has become a global social trading and multi-asset investment platform with over 30 million users worldwide.
Etoro offers support for a range of 80 cryptocurrencies including Bitcoin, Ethereum, in addition to other financial products like Stocks and ETFs.
eToro trading
What makes eToro stand out is its innovative social trading features that allow users to follow and copy the trades of experienced investors.
Etoro's user-friendly interface, diverse range of assets and commitment to innovation have contributed to its popularity. The exchange has over 10 million downloads on its Android app with a solid 4-star rating based on over 100,000 reviews.
eToro app
Bitstamp vs Etoro Signup & KYC
When it comes to signing up for trading platforms like Bitstamp and eToro, there are a few important things to keep in mind.
Both require KYC verification in order to use their services and trade. However, the signup process for each platform differs slightly.
Let's start with Bitstamp. Signing up takes a few minutes of your time and requires you to fill in your full name, email, date of birth and country of residence.
Once you've created your account, you'll need to complete the KYC verification process. This can take a few days to process but once it's complete, you'll have full trading and transfer capabilities.
Getting verified on Bitstamp
On the other hand, eToro's signup process is swift and users just need to enter a username, email, and confirm the email verification.
However, eToro's verification process can take several days to complete but very rarely longer than 5 business days.
eToro KYC
Once you've completed verification, you'll be able to start trading. In terms of KYC requirements, both Bitstamp and eToro require their users to provide identification documents such as a government ID.
For those that would like to trade cryptocurrencies without going through a KYC process, we recommend alternative exchanges such as OKX and Phemex.
Bitstamp vs Etoro Products & Services
Bitstamp is an exchange that offers spot trading for over 80 cryptocurrencies, allowing users to buy and sell popular digital assets like Bitcoin, Ethereum, Cardano and others.
In addition to trading, Bitstamp also features staking and lending services for coins such as BTC, ETH, USDC, USDT and others.
Buy crypto on Bitstamp
These services enable users to earn rewards by holding cryptocurrencies in their account. Bitstamp also offers professional trading tools and powerful APIs that cater to more experienced traders.
Bitstamp earn
The user-friendly platform makes it easy to buy and sell crypto either through the exchange or via the app.
Overall the website is easy to navigate as the company only offers a limited selection of crypto products. With an average daily spot trading volume of $140 million, liquidity and spreads should not be too shabby on Bitstamp.
On the other hand, eToro is a more versatile platform that allows users to buy and sell a wide range of over 3,000 financial assets.
At the heart of eToro's expansive suite is its broad spectrum of over 3,200 stocks featuring industry S&P500 leaders such as Amazon, Apple, and Tesla.
eToro Stocks
Beyond stocks, eToro unlocks the global marketplace for its users, granting access to over 50 vibrant currencies, more than 30 commodities, and a curated selection of 20+ indices. Indices, currencies and commodities are however not available to users in the United States.
eToro Indices
For those that prefer to buy cryptocurrencies (CFD for German customers), eToro hosts a lineup of over 70 digital currencies that includes major ones like Bitcoin, Ethereum, Solana, Cosmos, Arbitrum, Uniswap and others.
eToro Crypto
For traders with an eye on ETFs, eToro unfurls a rich assortment of over 400 ETFs, encapsulating market leaders like Vanguard and SPDR S&P 500.
eToro ETFs
To empower its user base, eToro has instituted the eToro Academy which is an educational hub that offers a myriad of learning materials.
eToro Academy
eToro's partnership with TradingView provides traders with detailed charts, invaluable for informed trading decisions.
eToro Tools For Traders
To ensure that users maintain control, eToro's integrated risk management tools let traders set specific goals and implement protective measures against potential market dips. Stop Loss and Take Profit are not guaranteed.
For beginners or those wishing to test strategies in a risk-free environment, eToro's demo account is equipped with a $100,000 virtual stash.
eToro Demo Trading
A distinct highlight of eToro is its pioneering CopyTrader feature where its users can observe, learn, and emulate the trades of seasoned traders, creating a dynamic social environment.
eToro Copy Trading (Past performances are not an indication of future results)
Staying at the forefront of market innovations, eToro delves into the NFT arena with its Delta platform where users can buy and sell NFTs on Ethereum.
When it comes to trading fees, Bitstamp and eToro have slightly different approaches. Bitstamp charges a 0.30% fee for spot makers and a 0.40% fee for spot takers. However, they do offer trading fee rebates for those who trade over $1,000 during a 30-day period.
Bitstamp spot fees
On the other hand, eToro charges a flat 1% fee for buying and selling cryptocurrencies with no rebates for higher trading volumes.
eToro Crypto Fees
While it's clear that Bitstamp offers lower trading fees than eToro, it's important to note that eToro offers zero commission trading for other financial products such as stocks.
Bitstamp and eToro are two popular cryptocurrency exchanges that offer a variety of deposit methods for their users. Let's take a closer look at the deposit methods offered by each exchange.
Bitstamp supports fiat currencies like USD, EUR, and GBP. Deposits on Bitstamp can be made via wire transfer, ACH, SEPA, and Faster Payments (FSP).
Deposits made via ACH, SEPA, and FSP are free of charge, while wire transfers have a minimum fee of $7.5. Instant purchases on Bitstamp come with a 4-5% fee.
On the other hand, eToro supports USD, EUR, GBP, and AUD. Deposits on eToro can be made via bank transfer, PayPal, Skrill, Neteller, and debit card. Conversion fee may however be applied as deposits are conducted in $.
All fiat deposits on eToro are free of charge, giving users more flexibility with their deposit options. Both exchanges offer a variety of fiat deposit options, but eToro's lack of fees for all deposit methods gives them an edge over Bitstamp.
Bitstamp and eToro are both popular cryptocurrency exchanges that offer diverse withdrawal methods for their users.
Let's take a closer look at the withdrawal options these exchanges provide. Bitstamp supports fiat withdrawals via Wire, ACH, SEPA, and FSP.
While SEPA costs 3 EUR per withdrawal and FSP charges 2 GBP, ACH and wire withdrawals are free at Bitstamp.
When it comes to crypto withdrawals, Bitstamp charges 0.0005 BTC fees for Bitcoin withdrawals, 0.0006 ETH fees for Ethereum withdrawals, 0.01 SOL fees for Solana withdrawals and a hefty 20 USDT fees for Tether withdrawals.
eToro's fiat withdrawal options include bank account and debit card. However, using these methods incurs a $5 withdrawal fee. Additionally, fiat currencies besides USD are subject to conversion fees at eToro.
Bitstamp and eToro are two popular cryptocurrency exchanges that differ in several ways.
Bitstamp is the oldest continually-operating cryptocurrency exchange that focuses on European market, while eToro is a global social trading and multi-asset investment platform.
Bitstamp supports over 80 cryptocurrencies while eToro currently supports the same number of 80 cryptocurrencies.
Both require KYC verification and users can not use the services of Bitstamp and eToro without getting verified.
In terms of product range, Bitstamp offers a limited range of products that include spot trading, staking, and lending services, whereas eToro allows users to buy and sell a much wider range of financial assets.
In terms of trading fees, Bitstamp charges a 0.30% fee for spot makers and a 0.40% fee for spot takers, while eToro has a flat 1% fee for buying and selling cryptocurrencies.
In terms of fiat deposits and withdrawals, Bitstamp accepts wire transfer, ACH, SEPA, and Faster Payments for deposit, while eToro supports bank transfer, PayPal, Skrill, Neteller, and debit card.
Both offer diverse withdrawal methods with competitive fees, but eToro charges a $5 withdrawal fee for fiat withdrawals besides USD.
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.
Signup to eToro and Get $10 Bonus (US Only) when you deposit $100! eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
