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eToro vs. Binance.US: Which crypto exchange is better?

Are you a beginner trying to decide between eToro and Binance.US? Find out which is best for you in this comparison.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

If you’re new to crypto it can be hard to decide which exchange to sign up for.

When comparing eToro and Binance.US, there are several things to consider: eToro is more accessible for users outside the US while also offering traditional finance in addition to cryptocurrencies. Meanwhile, Binance.US has more crypto selection and a better fee structure, among other features.

Find out which exchange is best for you in our eToro vs. Binance.US comparison.

Round 1: eToro vs. Binance.US on vital statistics

Both eToro and Binance.US are US-based trading platforms. Binance.US is only available to US citizens, so users outside supported states will have to use the global Binance platform instead.

Both exchanges offer staking for users, with neither offering any derivatives trading options. Both exchanges also offer their own noncustodial wallets. eToro offers services within traditional finance, while Binance.US has more crypto available.

eToro wins on vital statistics by being more accessible and giving access to more than crypto.

eToro USA LLC Cryptocurrency TradingBinance.US Cryptocurrency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Registered
Exchange locationUSAUSA
Offers a debit card
Go to site
More Info
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Winner: eToro


Round 2: Supported coins

Binance.US offers slightly more cryptocurrencies for trade than eToro and it has more staking options than eToro. eToro’s crypto selection is growing steadily, but is still less than Binance.US.

That said, eToro offers Ripple (XRP) — which Binance.US doesn’t — while also offering regular investment options to users. Both support all of the major cryptocurrencies.

eToro comes out on top because it supports Ripple and offers users noncrypto investment opportunities.

eToro USA LLC Cryptocurrency TradingBinance.US Cryptocurrency Exchange
Number of tradeable crypto assets80161
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Winner: eToro


Round 3: Supported fiat currencies

eToro supports a variety of fiat currencies through different payment methods, whereas Binance.US only supports USD. Binance.US also only supports three different deposit methods for USD: ACH, wire transfer and debit card.

eToro in contrast, supports multiple fiat currencies and a variety of deposit methods such as PayPal and Skrill along with the more traditional methods that Binance.US supports. eToro wins this round for having more fiat support across more channels.

eToro USA LLC Cryptocurrency TradingBinance.US Cryptocurrency Exchange
Number of supported fiat currencies61
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More Info
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Winner: eToro


Round 4: Fees and costs

Surprisingly, eToro actually has a better fee structure than Binance.US. The trading fee on the exchange is 0.05% for makers and takers, compared to 0.1% for Binance.US. But users have to use the eToroX platform for this fee, otherwise they pay a spread using eToro’s basic trading platform.

In this sense, Binance.US is a simpler structure, but it’s not difficult to access eToroX through the platform. In addition, eToro supports more fiat deposit and withdrawal methods, with lower fees for fiat withdrawals, and no fees for most crypto withdrawals.

eToro wins this round with lower maker/taker fees and withdrawal fees.

eToro USA LLC Cryptocurrency TradingBinance.US Cryptocurrency Exchange
Deposit FeesNone. Minimum deposit amount is $10.Wire transfer: None
Debit card: 3.75%
Apple Pay: 3.75%
Cryptocurrency: None
Trading Fee1% fee for buying or selling cryptoassetsMaker: 0-0.30%
Taker: 0-0.45%
Withdrawal FeesNoneWire transfer: $10-15 (minimum $100 withdrawal)
Cryptocurrency: Fees vary
Deposit methodsBank transfer, Debit card, PayPal, Wire transferCryptocurrency, Debit card, Wire transfer, Apple Pay
Go to site
More Info
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Winner: eToro


Round 5: Wallets

Both eToro and Binance.US offer users a proprietary, noncustodial wallet.

The eToro Money Crypto Wallet allows users to transfer Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, Tron, Cardano, and Ripple to and from the exchange, while also being able to then withdraw to another wallet. However, you can’t interact with dApps using the eToro Money Crypto wallet.

In contrast, the Binance Wallet can only connect to the Binance Smart Chain and Ethereum networks, though there is support for Binance versions of all the other assets supported by eToro’s wallet. It can also connect to dApps and supports NFTs.

Binance.US wins this round because the Binance Wallet has more features than eToro’s while also allowing interaction with dApps.

Winner: Binance.US


Round 6: Security

While Binance.US has never been hacked, its parent company Binance Exchange has. The company was able to reimburse affected users without much issue and hasn’t been hacked since.

eToro has never been hacked in its history, is compliant with multiple national regulators, and has FDIC insurance for all USD holdings. eToro wins this round for having never been hacked and having strong regulatory compliance.

Winner: eToro


Round 7: Ease of use

For crypto, Binance.US is likely the better option in terms of ease of use. Though eToro is fairly beginner-friendly, there are far more options to look at and varying fee structures for different types of purchases.

By comparison, Binance.US has a simple, crypto-focused interface that makes it easy for new users to start trading crypto with an easy-to-follow fee structure. Binance.US wins this round for having a simpler, crypto-centric user interface.

Winner: Binance.US


Binance.US vs. eToro winner: eToro

By taking five out of seven categories, eToro is our clear winner in Binance.US versus eToro.

eToro has lower fees, more fiat support, more crypto and overall investment options, and top-notch security. Users looking for a platform that can take care of their crypto and traditional investment needs don’t have to look much further than eToro.

For users who are more crypto-focused, Binance.US could be a good option, as they do offer more crypto selection and a more useful crypto wallet. Neither platform is a bad choice for beginners.

Go to eToro's website

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

Capital at risk

View details
Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

Capital at risk

View details
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Capital at risk

View details
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Capital at risk

View details
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

Capital at risk

View details
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

Capital at risk

View details
Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

Capital at risk

View details
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

View details
Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

79

Capital at risk

View details
Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

16

Capital at risk

View details
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

141

Capital at risk

View details
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

318

Capital at risk

View details
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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

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