eToro vs Blockchain.com | Products, UX & Trading Fees Compared
Jack Moreau
Mar 2024
9 min read
Fact checked
Are you not sure between eToro vs Blockchain.com as your preferred cryptocurrency exchange? Look no further! We've compared these two platforms based on signup procedures, KYC requirements, country availability, trading fees, product offerings and overall user experience!
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 cryptocurrency exchanges, eToro and Blockchain.com are two popular options worth considering. Each offers a unique set of features and benefits that cater to different types of users.
Etoro was founded in 2007 and has since grown to become one of the largest social trading and multi-asset investment platforms in the world.
The company is available in over 140 support countries and has it's main office in Tel Aviv, Israel, and legal entities in the US, UK, EU and Australia.
With over 30 million users, eToro enables users to trade a variety of financial instruments such as stocks, ETFs, and cryptocurrencies like Bitcoin and Ethereum.
eToro exchange
eToro's innovative social trading features allow users to follow and copy the trades of experienced investors, creating a sense of community within the platform. In terms of cryptocurrencies, eToro offers support for a limited range of 80 cryptocurrencies.
While this may seem small compared to other exchanges, eToro's emphasis on user-friendliness and social trading features make it an ideal option for beginners looking to dip their toes into the cryptocurrency market.
On the other hand, Blockchain.com is a cryptocurrency exchange and wallet provider that focuses solely on cryptocurrencies.
Founded in 2011, the platform offers users the ability to buy, sell, and store a wide range of digital assets, including Bitcoin, Ethereum, Cosmos and others.
Blockchain.com exchange
With over 30 million users and support for over 30 cryptocurrencies, Blockchain.com has become a popular choice for users.
One of Blockchain.com's standout features is its digital wallet. The wallet is non-custodial meaning that users have full control of their private keys and a higher level of security.
The platform also offers a Visa Card that allows users to spend their crypto without fees and earn 1% back in crypto. Both eToro and Blockchain.com offer unique features and benefits that cater to mainly beginner investors.
Blockchain.com app
Etoro vs Blockchain.com Signup & KYC
When it comes to signing up for an exchange platform, the process can be a bit daunting. However, platforms like eToro and Blockchain.com have made the process as seamless as possible. Let's take a closer look at their signup and KYC requirements.
For eToro, the signup process is quick and easy and users have to fill in basic information like your username and email. eToro requires KYC verification for all users who want to trade on their platform.
However, the verification process can take up to a week to complete which is quite slow in general. Once verified, users can enjoy eToro's full range of trading features.
KYC on etoro
Blockchain.com is another exchange that requires KYC verification to use their services. The signup process is just as fast taking only 30 seconds to fill in your email, password, and country of residence.
The automated verification process can then take anywhere from 5 minutes to 2 hours, but if a manual review is required, it may take up to 5 business days.
Blockchain.com signup
In summary, both eToro and Blockchain.com make the signup process quick and easy, but users should be prepared to wait a few days for full KYC verification. For those that prefer to trade without the need of KYC, we recommend looking at exchanges such as OKX and Phemex.
Etoro vs Blockchain.com Products & Services
eToro has firmly established itself as one of the most versatile trading platforms in the world by seamlessly integrating a diverse range of financial assets and tools to accommodate both novice and seasoned traders.
At the core of eToro's offerings a remarkable selection of over 3,200 stocks from market leaders like Apple, Microsoft, and Amazon.
eToro Stocks
Beyond stocks, the platform diversifies further by offering access to over 50 global currencies, more than 30 commodities, and a curated selection of over 20 major indices. Note that indices, currencies and commodities are not available to users in the United States.
eToro Currencies
Crypto enthusiasts aren't left out either as eToro has created a portfolio of over 70 cryptocurrencies, with prominent ones like Bitcoin, Ethereum, Solana and Cosmos leading the charge.
eToro Cryptocurrency Markets
Additionally, for traders keen on diversifying their portfolios, eToro presents a selection of over 400 ETFs, including top-tier options like Vanguard and Ark Innovation.
eToro ETFs
One of eToro's standout features is its dedication to trader education. The eToro Academy acts as a hub for a plethora of educational resources, spanning informative courses, interactive webinars, and detailed tutorials.
eToro Academy
In terms of platform tools, eToro's collaboration with TradingView provides traders with detailed, insightful charts that serve as essential reference points during the decision-making process.
eToro Trading Tools
To assist in strategic planning, eToro offers a suite of risk management tools, which include features for setting desired profit margins and protective measures against market downturns.
For those new to the platform or keen to test strategies risk-free, eToro provides a demo mode furnished with a $100,000 virtual portfolio. Stop Loss and Take Profit are not guaranteed.
eToro Copy Trading (Past performances are not an indication of future results)
A unique offering that sets eToro apart from its peers is the CopyTrader functionality. This feature enables users to observe, learn from, and mirror the trading strategies of experienced market participants.
eToro Copy Trading
Lastly, eToro is staying in tune with emerging market trends with its Delta platform where users can experience a seamless journey of discovering, acquiring and selling NFTs on Ethereum.
eToro NFTs
On the other hand, Blockchain.com is a more crypto focused platform that provides a variety of services for its users, including spot trading, margin trading, and earn products.
Blockchain.com spot trading
Blockchain.com also offers a Visa card that comes with cashback rewards, enabling users to spend their cryptocurrencies and earn a percentage back. Blockchain.com has created a clean and beginner-friendly user interface that is easy to navigate.
Blockchain.com earn
The company offers two products, a non-custodial DeFi wallet and a custodial exchange, both tailored for beginners with little experience with crypto products.
While the daily average spot volume on Blockchain.com is less than $5 million, the platform has introduced a margin product that allows for up to 5x leverage.
Blockchain.com margin trading
Comparing the two, eToro offers a wider range of traditional financial products to buy and sell but the user experience could be better while Blockchain.com offers a more straightforward interface and traditional crypto products such as a spot and margin trading.
When it comes to trading fees, Etoro and Blockchain.com have their own unique approaches. Let's start with Etoro, which charges a 1% fee for buying and selling cryptocurrencies.
eToro Crypto Fees
Etoro also doesn't offer any rebates for higher trading volumes so whether you're a small-time trader or a whale, you'll be paying the same fees.
And for eToro users that want to buy and sell stocks, they can do so with 0% commission, no management fees and no rollover commissions.
eToro Stock Fees
Blockchain.com takes a more flexible approach to trading fees. Spot trading fees start at 0.40% for makers and decrease depending on trading volume, while taker fees start at 0.45%.
Blockchain.com fees
What's more, Blockchain.com offers trading fee rebates for those that trade higher volumes. If you trade over $10,000 during a 30-day period, you'll see your maker and taker fees lowered by 0.17% and 0.35%, respectively.
Blockchain.com is thus the most cost-effective option compared to eToro for those that don't want to overspend on buying and selling cryptocurrencies. For those that are looking for even more competitive trading fees, you will have to turn to the likes of OKX, Phemex and Binance.
When it comes to depositing funds on cryptocurrency exchanges, it's important to know what options are available and what fees may be associated with each method. Let's take a closer look at two popular exchanges, eToro and Blockchain.com, and their deposit methods.
eToro supports four fiat currencies, including USD, EUR, GBP, and AUD. You can make deposits with bank transfer, PayPal, Skrill, Neteller, and debit card.
The best part? All fiat deposits are completely free of charge on eToro. This makes it a great option for those looking to get started in cryptocurrency trading without having to worry about additional fees eating into their investment. Conversion fee may however be applied as deposits are conducted in $.
Blockchain.com supports three fiat currencies: USD, EUR, and GBP. Deposits can be made via open banking, SEPA, FSP, and wire transfer.
And the good news is that there are no deposit fees when depositing fiat currencies like USD, EUR, and GBP.
This means you can deposit funds without worrying about any additional costs. Overall, both eToro and Blockchain.com offer a range of deposit methods for their users, with no fees in sight for fiat deposits.
When it comes to withdrawing fiat from cryptocurrency exchanges, finding the right method can be tricky. Etoro offers two fiat withdrawal methods, bank account and debit card.
However, be prepared to pay a $5 withdrawal fee regardless of which method you choose. Additionally, fiat currencies besides USD are subject to conversion fees.
On the other hand, Blockchain.com offers the option to withdraw fiat in USD, EUR, and GBP. The fiat withdrawal fees for Blockchain.com are relatively reasonable.
Open banking and SEPA withdrawals cost 0.5 EUR while ACH withdrawals are free. Wire withdrawals come with a $25 fee and FSP withdrawals incur a 0.5 pound cost. So overall, not too bad.
In terms of cryptocurrency withdrawals, the withdrawal fees on Blockchain.com vary depending on the cryptocurrency. For example, Bitcoin withdrawals come with a 0.0025 BTC fee while Ethereum has a high 0.061 ETH cost. USDT withdrawal fees both come in at under 10 USDT.
eToro and Blockchain.com are two popular cryptocurrency exchanges that offer unique features to cater to different types of users.
eToro is a social trading and multi-asset investment platform that supports over 3,000 financial instruments including 80 cryptocurrencies, stocks, and ETFs.
On the other hand, Blockchain.com is a cryptocurrency exchange and wallet provider that offers storage and trading services for 30 cryptocurrencies.
The platform also offers a Visa card that allows users to spend their crypto without fees and earn 1% back in crypto. Both exchanges require KYC verification and provide quick and easy signup processes.
When it comes to trading fees, eToro charges a 1% fee for buying and selling cryptocurrencies with no rebates for higher trading volumes.
In contrast, Blockchain.com has a more flexible fee structure with lower spot trading fees starting at 0.40% and decreasing with trading volume.
Both exchanges offer a range of deposit options for fiat currencies with no deposit fees. eToro supports bank transfer, PayPal, Skrill, Neteller, and debit card while Blockchain.com offers open banking, SEPA, FSP, and wire transfer.
For withdrawing fiat from exchanges, eToro charges a $5 withdrawal fee for both bank account and debit card withdrawals, while Blockchain.com offers relatively reasonable fees. Open banking and SEPA withdrawals cost 0.5 EUR, and ACH withdrawals are free.
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.
