Gemini vs eToro | Best Platform For Beginners & Investors?

While eToro offers a wider range of trading options beyond just crypto, Gemini focuses solely on the world of cryptocurrencies.

When it comes to user experience, Gemini has created a nicer and easier to use interface than eToro which feel a bit outdated.

In terms of trading services, Gemini offers spot trading, wallet and custody services, the Gemini dollar, and OTC trading. Gemini does not offer too many products and cryptocurrencies but the user experience is beginner friendly and the company is regulated.

eToro is a user-centric trading platform built for traders of all skill levels. It equips users with a broad set of tools, combining in-depth research capabilities with the ability to invest in over 3,000 financial assets.

Within this broad range of assets, users can dive into over 3,200 big-name stocks, like Apple, Google, Tesla, Microsoft and Amazon.

eToro also gives its users the flexibility to trade in 50 different currencies, interact with over 30 commodities, and track over 20 major stock groups or indices. Indices, currencies and commodities are however not available to users in the United States.

The cryptocurrency is rapidly expanding and eToro is right in the thick of it, offering access to over 70 cryptocurrencies, including the likes of Bitcoin, Ethereum, Solana, Cosmos, Arbitrum, Polkadot and others.

For those more interested in ETFs, eToro presents a choice of over 400, featuring industry leaders such as SPDR S&P 500 and Vanguard.

An exciting addition to eToro's suite is its ability to allow users to earn interest. Depending on their account balance, users can reap annual interest rates ranging from 1.5% to 5.3%. Note that this new feature is currently exclusive to the Nordic countries and Netherlands.

eToro isn't just about trading, it's about building a community and the platform has successfully rallied a vast community of over 30 million traders.

To ensure these traders are always at the top of their game, eToro Academy offers a wide range of free learning resources, covering everything from basic courses to advanced webinars and tutorials.

When it comes to trading tools, eToro doesn't cut corners. They've integrated high-quality charts from TradingView, ensuring traders have all the data they need. The platform also supports traders with features that help set profit goals and limit potential losses.

For those wanting to up their trading game, eToro provides options to leverage trades with up to 30X leverage on cryptocurrencies and 5X leverage on stocks.

Beginners or even seasoned traders who want a refresher can use eToro's demo mode. This virtual trading space, complete with $100,000 in fake money lets users test strategies without any real-world risks.

eToro's CopyTrader system is another very popular feature that lets users follow and emulate the trades of seasoned professionals. Each of these expert traders known as Popular Investors is showcased with a transparent track record.

Lastly, venturing into the trendy NFT space, eToro has launched its Delta platform. Here, users can navigate the world of digital collectibles with ease, from buying to selling NFTs on Ethereum.

While Gemini is more geared towards users who want a simple way to buy cryptocurrencies in a safe and regulated manner, eToro is a great option for beginners looking to start trading quickly and easily.