What Is a Market Order? We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. #2 Binance VS Bittrex: Security of the Exchange A Major Concern. Withdraw from Binance Cash Wallet to Xfers You must have $200 to participate in CopyTrading and make a minimum investment of $5,000 for CopyPortfolios. BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services. For stocks, it is $50. The price you are being presented with will factor in the fee … What trading pairs does Binance.US offer? Binance is one of the largest and most popular cryptocurrency exchanges which initially started in China but then relocated their headquarters to the crypto-friendly Island of Malta in the EU. Coinloan review [2021] – Is CoinLoan Safe & Legit? Binance is popular for its crypto to crypto exchange services. For an even more in-depth Binance vs eToro comparison, browse the comprehensive feature analysis chart below. Select it in the drop-down menu above and click “Compare Now”. The customer service on Binance is also top-notch if you compare it with its peer exchanges. But have in mind that if you’re looking for specific features, these evaluation points might be less important to you than others. Unfortunately, for everyone trading on eToro, withdrawal is a major concern. They have expanded their offering to include crypto currencies with some unique benefits such as fee-less trading and margin trading. To represent the data of Binance vs eToro comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. 2.45 % XTZ. *LIBOR is the benchmark rate which most international banks use when giving short-term loans. Based on the concept of social trading, eToro is designed to be suitable for both new and experienced traders. Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America, from your laptop, tablet, or mobile device. In terms of regulatory compliance and licensing: eToro is a clear winner in this aspect as it is regulated and licensed, unlike Binance. They use service called Simplex to execute these orders. In terms of fees – Binance is cheaper especially if you use their BNB token to pay the fees and get solid discounts (25%).. The information is updated on a monthly basis. Binance is exclusively a cryptocurrency platform and they do not allow users to invest in stocks or commodities. In addition, there are numerous social platforms where you can register complaints, which may influence other users. They also have social trading which is something that makes eToro stand out vs Binance. In addition to this, eToro charges a flat $25 withdrawal fee, while deposits are free. They also keep stacking new services on top of their original exchange platform: initial exchange offerings, staking, custody, lending, academy and education portal etc. Binance says it’s been awarded an information security accreditation after meeting standards set out by the International Organization for Standardization (ISO). Mobile App Features: Recurring Buy; Mobile App 2.0 Features: Favorites; What are the trading fees on Binance.US; Using BNB to Pay for Fees eToro is famous for its social trading features and innovative approach to financial markets, making it a promising new player in crypto landscape. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. Trading features: another tie since both platforms offer tons of advanced trading functions + margin trading. In this example, we will borrow 0.02 BTC. Binance has one of the broadest offerings when it comes to supported cryptocurrencies. Fees & limits The basic trading fee is 0.1 percent, which is significantly cheaper than other exchanges such as Coinfloor and Coinjar, who charge 1% and 0.3% respectively. You get a 25% discount (subject to change) from your trading fee if you use BNB to pay for trading fees. Binance does not specify which countries are supported and which countries are not supported but they did have couple of episodes of sudden blocks for traders from different countries around the world. Simplex charges 3.5 percent of a transaction with a $10 minimum (flat fee). While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. Trading Fee. As previously mentioned, eToro and Coinbase offer different type of trading services and as such, the pricing structure is not the same on each platform. We strive to share the most reliable, interesting, and accurate information to our readers. Coinbase vs eToro - Comparison at a Glance. Additional terms may apply to free offers. Trading Fees at Binance Singapore. A discount for holding different amounts of BNB in your account while meeting trade volume requirements. In terms of cyber-security, EToro platform is extremely safe and never had any issues with hacking attacks or user fund losses. © BitDegree.org - An Independent Initiative of The Best Crypto Exchange Reviews & Personal Advice | [email protected]. If you do not use BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%. Analyze all the most important metrics of your chosen cryptocurrency exchange brands & compare the fact-checked data side by side with his extensive Binance vs eToro comparison chart. As for the U.S traders, Binance made a separate platform, Binance US, to serve only US based traders and restricts them to use their main platform. In addition to this eToro charges a flat $25 payout fee while deposits are free. Traditional funds remain secure in European banks of tier 1. Deposit and withdrawal methods: eToro is far superior to Binance when it comes to payment options. eToro continues to grow in stature and has raised over $150m since 2007 across a number of different fund raising rounds. Once you have all this info at your fingertips, it’s very easy to pick out the best crypto exchange! Trading Fees. Binance vs eToro cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.6, while eToro gathered an overall score of 8.6. As such, if you were to deposit £500 with your Visa debit card, this cost you £10 in fees. It is important to know the amount the exchange charges for deposits, withdrawals, and trades. knowing your trading and commission fees with Binance vs eToro is extremely important. WINNER: eToro . Either way, Binance UK supports both debit and credit cards issued by Visa and MasterCard. Before making financial investment decisions, do consult your financial advisor. The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. To make your decision even more fact-based, we have compared Binance vs eToro with the best-rated crypto exchange platform - Coinbase. If you choose to buy actual coins, then same rules of withdrawal apply like with any other exchange. eToro uses a variable spread that comes out to paying a practical maximum in … The number of coins keeps growing by week and it exceeds 150 coins at the time of this writing. As a beginner-friendly platform, eToro also offers a variety of training materials and customer support for users, ensuring that help is at hand when it’s needed. Captain Altcoin is made up of investors and digital currency enthusiasts. That’s why you can clearly analyze how these two brands compare to the best-rated crypto exchange - Binance. 0.75% for Bitcoin (BTC) and up to 3.45% for certain trading pairs, such as ZEC/ZHF. Finally, for ETFs and indices, it is $200. The highest fee-discount level Binance offers (VIP 8) requires you to trade at least 150,000 BTC in volume over 30 days and hold at least 11,000 BNB. Beyond the traditional support lines, eToro also answers customer queries via social media. eToro’s BUY Position Fee: 6.4% eToro’s SELL Position Fee: 2.9% If the price of the stock changes, the overnight fees are subject to change. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. Binance introduced buying crypto with fiat last year, via their Binance Jersey daughter company. Because of this, if you engage in cryptocurrency trading or other crypto-related investments, there is no insurance from the investor compensation schemes within the UK or Cyprus. Bitcoin Mining Hardware: How to Choose the Best One, Monero Mining: Full Guide on How to Mine Monero, What is SegWit and How it Works Explained, Best for Buying Cryptocurrencies With Your Fiat Money, A Comprehensive User Center that Displays All The Information You Need in One Place, Accepts only the most trustworthy cryptocurrencies, A very well-known crypto exchange platform, More than 100 different cryptocurrencies available to trade, A variety of cryptocurrencies to choose from, Some of the less-known coins aren't supported, Might be a bit difficult for beginner crypto enthusiasts. When making deposits through Visa or MasterCard credit/debit cards, there’s an additional 1.8% charge for your transaction. No, definitely not! The daily limit is $20,000 per user, while the monthly max is $50,000 per user. The company raised around $15 million in an ICO in July 2017. You will see an in-depth side by side comparison of your chosen crypto exchanges. With all that in mind, you should remember that there are no regulations for cryptocurrencies. In its two short years of existence, Binance has gained a reputation for being fast and ferocious—sweeping aside peers on its rise to the top as one of the world’s biggest cryptocurrency exchanges by trading volume. Kraken vs. eToro - Bitcoin exchange comparison Before you decide which Bitcoin exchange is the best fit for you, it's important to compare between multiple choices that you have. For more thorough analysis, browse the second, more extensive table which reveals all the main features, ranging from cryptocurrency exchange fees comparison to security comparison. Using BNB for transaction fees applies a discount to your trading fee. Though eToro doesn’t charge fees for opening or closing trades, it does charge a spread which varies by instrument, e.g. Whereas eToro has around 200K active users. They also suffered a funds loss worth $40 million during a hack in May 2019. Leverage. eToro Vs Binance Available Financial Markets For the majority of the Binance 52 financial instruments and eToro 2,000 available financial instruments. So, having said all of this, it is a natural sequence of events to compare these two platforms, Binance vs eToro, as their paths have intertwined already and I have hunch are gonna meet each other ever more frequently in the future. Binance vs eToro: Fees Standard Binance trading fees are 0.1%, but by using Binance native token BNB, you can make considerable reduction to the fees, currently 25% less if you check the option to pay fees in BNB (instead of paying them in the coin you are buying). Fees are generally lower for “maker” trades (those that are placed on the order book) than “taker” trades. These two should not have too much in common and you won’t see them mentioned in the same sentence too often. Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. eToro has a thorough help center that provides basic information about trading as well as answers to the most common user problems. Your Margin Wallet balance determines the amount of funds you can borrow, following a fixed rate of 5:1 (5x). How to Trade on Binance.US; See all 7 articles Recurring Buy. In order for this Binance vs eToro cryptocurrency exchange comparison to help you easily decide which brand is the best, each feature is represented with a score, a grading system or in any other commonly understandable format. In addition, eToro also offers a unique social feature known as CopyTrading which allows users to automatically copy the trades of other successful traders based on specific conditions. Currently eToro is regulated by the Cyprus Securities & Exchange Commission (CySEC). Binance Vs eToro Commission and Fees. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Binance has a higher number of acceptable crypto than eToro. By default, if you hold BNB in your account, your trading fees will be automatically deducted from your BNB balance. So what is the difference between Binance vs Bittrex when it comes to trading fees? LIBOR rates are published daily for different currencies (USD, EUR, GBP, CHF, NOK, SEK, DKK, CAD and HKD). In this section of our review, we’ll analyze the fees and charges you’ll be charged on eToro and Coinbase: ... Binance Coin. Analysing this metric in this Binance vs eToro comparison, it’s clear that Binance has the lowest trading fee percentage of 0.10%, while the second place goes to eToro with a fee of Free. If we look at the ease of use, it’s clear that in this Binance vs eToro comparison, Binance has better & smoother user experience than eToro. eToro vs Binance 2021 – Fees, Features, Security Compared, Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID), the crypto exchange with record trading volumes. Fees are reduced as the VIP level increases, and begin at a maximum of 0.1%. Then you can earn reduced fees of … He gained professional experience as a PR for a local political party before moving to journalism. If you turn it off, Binance.US will charge 100% of the trading fees. Same goes for withdrawals – you just need the address on blockchain of the coin you want to withdraw. Coinbase and eToro work off very different fee schedules. As a regulated platform, eToro is governed by the highest standards of accountability and transparency and is licensed to offer its services to large parts of the world. Binance charges 0.10% maker/taker fees. eToro vs. Coinbase: Fees. The lack of regulations also means that if you have a complaint, you cannot file it with your financial ombudsman service. One of the most recent features Binance added to their platform is margin trading. For a brief overview, look at the first general table. eToro originally started out as RetailFX and was founded in Tel Aviv, Israel in 2006 by brothers Yoni and Ronen Assia. You can also use their live chat support option as shown here in the restricted operating hours. eToro is available in the majority of the globe, with the exemption of Canada, Cuba, Japan, North Korea, Iran, Syria, Turkey, Serbia, Albania, and Sudan. Despite this, eToro takes pride in working to resolve issues as seamlessly as possible. It’s evident that Binance wins this Binance vs eToro & can offer you better quality features. It’s also very useful to look at the number of active users. So if you have 1 BTC, you can borrow 4 more. TradeSanta vs Cryptohopper vs 3Commas vs Quadency. When you turn on the "Using BNB to pay for fees" a discount is applied to your trading fees. eToro vs. Binance Fees Binance makes use of a fixed 0.1% trading fee that you can reduce by 25% if you are using the BNB token to pay. Overall reputation: another tie since both enjoy fairly good reputation in crypto community with sporadic complaints by individual customers. To represent the data of Coinbase vs eToro comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. In terms of customer support: Both are of similar quality so it is a tie. The company still retains an office in Tel Aviv, as well as other offices in the UK, Australia, Cyprus, and China. This cryptocurrency exchange comparison tool makes this process a whole lot easier - just choose the brands you want to compare & you’ll get all the info you need at your fingertips! For spot trading, these fees apply at Binance: 0.10% in maker and taker fees up to 50 BTC over a 30-day volume. Want to instantly compare Binance vs eToro & see which cryptocurrency exchange takes the top spot? A discount when paying trading fees with the BNB coin. When it comes to trading fees, Binance is the clear winner. If you choose to pay your Binance fees in BNB, the VIP 8 level comes with a maker fee of 0.015% and a taker fee of 0.03%. Below is the comprehensive tabular overview of Binance fee structure: Although eToro does not charge any fees for opening or closing trades, it does charge a spread that varies depending on the instrument, e.g. Read more The second thing is the fees and commissions you are paying with eToro vs Binance. eToro also takes precautions to ensure the funds and personal information of clients are safe. And then it goes lower from there. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. Binance fees. eToro is a well established financial platform offering a wide range of financial trading services. Other deposit and withdrawal options include: wire transfer (Swift and SEPA), Giropay, Skrill, Neteller, Credit Card. However, Binance’s incredible burst into prominence since its formation in 2017 made it the most popular crypto to crypto exchange in existence, while eToro added cryptocoins to their platform in 2018 – and so their paths crossed. So, this is probably the most futuristic feature offered by the exchange and in this Bybit vs Binance review, leveraging will be one of our prime focus. Fees & limits The basic trading fee is 0.1 percent, which is significantly cheaper than other exchanges such as Coinfloor and Coinjar, who charge 1% and 0.3% respectively. Fees . In fact, if you conduct a quick survey on the street, you will quickly realise that the majority of people questioned wouldn’t have the slightest inkling of what cryptocurrencies are. Another important factor are the trading research tools, educational resources and the general usability of eToro vs Binance. It’s also important to do a thorough cryptocurrency exchange fee comparison. However, they had a separate fund for such cases and they refunded all users with the money from that fund. Even though it is still unregulated (by any major finance authority aside of alleged regulation by Malta finance authorities), Binance enjoys very good reputation in crypto community thanks to their charismatic CEO CZ and his good communication and community management skills. Binance vs eToro The below Binance vs eToro table shows how Binance and eToro differ with respect to trading fees, withdrawal fees, deposit methods, supported cryptos, trading types, user scores and more. Tezos. eToro vs Plus 500. For the audits, Binance was examined on 114 criteria across 14 categories, including security policy, asset management, operational security and information systems.Binance had an apparent leak of up to 60,000 users’ know-your-customer verification data, though it pointed a finger at a third-party service provider at the time. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. To start your comparison, you need to pick out the exchanges you want to put head-to-head. Only couple of years ago, eToro was a well known platform for trading different kinds of financial products while Binance was non-existent noun in English language. For an instant Binance vs eToro main metric comparison at a glance, take a look at the general overview table below. The exchange platform (i.e. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Looking for Binance Vs Etoro Pro Fees… Here are our leading findings on eToro: eToro was founded in 2007 and is regulated in 2 tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs. Value for money is one of the most important metrics that one should take into account while comparing cryptocurrency exchanges, as it shows whether the brand offers acceptable quality compared to the price. First, you need to evaluate your knowledge level and goals in the crypto world. There are no upper limits how much you can buy but there is a minimum deposit amount you need to put in on eToro. There is a withdrawal limit of 2 BTC for unverified accounts which gets lifted once you go through KYC procedure. 0.75% for Bitcoin (BTC) and up to 3.45% for certain trading pairs, such as ZEC/ZHF. Binance: Deposit charges on Binance cost 0.50 EUR or 1.95 GBP, while withdrawal transactions include fees worth 1 EUR or 1.95 GBP. This is done for the sake of simplicity. Of course, even if you have your goals figured out, it might be hard going through dozens of exchanges & trying to find the best one. Since its launch in 2006, eToro has become a multinational sensation and is now active in over 140 countries. Bittrex: Bittrex charges a flat trading fee of 0.25%. Trade Binance Coin on eToro. There is no buying limit if you want to do crypto to crypto transactions. 0.75% for Bitcoin (BTC), and up to 3.45% for certain trade pairs, such as ZEC/ZHF. The higher the fees you pay will have more of an impact on any potential profits. He holds a degree in politics and economics. Since Binance main platform is crypto only, you can do deposits in any of the 150+ supported coins. If you are not fond of neither of these exchanges, here is a list of potential alternatives: Coinbase, Cex.io, PrimeXBT, PrimeBit, Deribit, Coinbase Pro, Coinmama, Changelly, Bitpanda, Bitfinex, Kraken, Bittrex, Bitstamp. For spot trading, Binance charges a flat trading fee of 0.10%. But always make sure to know your crypto goals first! For currencies (such as cryptocurrencies) and commodities, it is just $25 (or $50 if you are from the US). Binance Fees. In this way we make sure that the reader’s decision is measured & based on real facts. Furthermore, if we talk about Bybit’s withdrawal fee, even that is significantly less (0.0005 BTC) than the average fee for withdrawing BTCs from mainstream exchanges. eToro users who invest in a CopyPortfolio let eToro manage their capital professionally and avoid the guesswork of trading. You will pay a variable fee of 2%. Binance Review – Spot Trading Fees. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance. So in that case, if you want to withdraw bitcoin from eToro, you need to sell it for fiat currency, withdraw that fiat money and go to some other crypto exchange to buy “the real bitcoin”. Although eToro does not charge any fees for opening or closing trades, it does charge a spread that varies depending on the instrument, e.g. If you’re a beginner, you might have different objectives than you would as an advanced user. General: 0.1% spot trading fee; 0.5% Instant Buy/Sell fee. Worth noting, Binance provides customer support in 7 languages! Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. That said, many users believe that Coinbase is one of the simpler exchanges on the current market. Apart from the regular bank charges and any possible conversion fee in … eToro’s next generation investment product CopyPortfolio is also a feature not found on any other crypto currency platform. With CFDs, it allows you to speculate on their price by giving you IOUs instead of real coin. Coinbase charges around 3.99% for credit/debit card purchases and 1.49% for bank transfer purchases. You will also pay a … In addition, eToro only offers a simple ticket system for the majority of its user complaints and the answers are often slow. Whether it’s user feedback, service features or pricing, everything passes through our strict review process in order to filter out false info & advertising claims. Although this is cheaper than the 3.99% charged by Coinbase, FCA-regulated broker eToro … Binance: Binance charges a flat trading fee of 0.1%, which can decrease even more if you use BNB tokens (as has been discussed above). Top 3 coins for huge ROI in 2021?If you would have bet on the right coins last year you could easily have 10xed your capital…You could even have made as much as 100x which means you could have turned $100 into as much as 10k.Experts believe this will happen again in 2021, the only question is which coin do you bet on?My friend and cryptocurrency expert Dirk is personally betting on 3 under-the-radar cryptocurrencies for huge ROI in 2021.Click here to learn what these coins are (watch till the end of the presentation). This guide will show you how to trade Binance Coin on eToro. Simply browse the information below & get answers to all of your crypto exchange questions! Analysing this metric in this Binance vs eToro comparison, it’s clear that Binance has the lowest trading fee percentage of 0.10%, while the second place goes to eToro with a fee of Free. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. Trading fees are a huge deal for crypto traders. Binance Fees. When the gathered data is aggregated, analyzed & put into a comprehensive chart, it’s your time to browse it and choose the best cryptocurrency exchange according to your preferences. Also, you get to pay 0.0005 BTC for withdrawal. Reduces base trading fees to as low as a 0.02% maker fee and a 0.04% taker fee. Standard Binance trading fees are 0.1%, but by using Binance native token BNB, you can make considerable reduction to the fees, currently 25% less if you check the option to pay fees in BNB (instead of paying them in the coin you are buying). In this case, Binance has a higher value for money score than eToro. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. eToro vs. Binance: In Search Of The Most Preferred Crypto Broker 05/03/2021 12/03/2020 by Alm Maye eToro and Binance are fundamentally different in that the latter is strictly a crypto exchange while the former handles that and much more. How to Set Recurring Buys; Recurring Buy FAQs; Trading Fees. The Best Video Games for Millennials in 2021. Click here to learn what these coins are (watch till the end of the presentation). Deposit Fees: Deposit Fees None Trading Fees: Trading Fees 0.10% Withdrawal Fees: Withdrawal Fees None About Binance.com: Binance.com offers a wide range of cryptocurrencies with several payment methods, including credit card and bank wire transfers. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. In case you want to compare eToro or Binance with other exchanges, have a look at our guides where we do just that: CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. Clearly, if comparing Binance vs eToro, the bigger active user base is gathered by Binance with around 13.5M users. Usual turnaround time is around 24-hours. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. eToro vs Coinbase Fees & Commissions. Binance needs little introduction: it is THE place, the crypto exchange with record trading volumes, where newcomers go to trade their crypto. If comparing only Binance vs eToro, Coinbase may seem like the winner, but if these brands are measured against all the cryptocurrency exchanges in the industry, that’s not the case. Huobi: The exchange itself does not charge fees for deposits and withdrawals. But you can minimise your trading fees at Binance by buying their Binance Coin and use it for trading fees. Like eToro, Plus 500 was founded in Israel. Bitcoin has the lowest daily interest rate of 0.0075%, followed by ETH at 0.01% and XRP with 0.02%. After transferring BNB coins from your regular exchange wallet to your Margin Wallet, you will be able to use those coins as collateral to borrow funds. With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. So who wins the battle between Binance and eToro? A client’s 30-day exchange trading volume and BNB balance determine their VIP level. The minimum quantities for manual positions are based on the instrument. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). Binance is relatively lax about regulation and users have traditionally been able to open an account without any KYC requirements.