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.
In this review, we compare what both eToro and Uphold have to offer crypto investors.
Find out which exchange is best for you in our comparison of eToro and Uphold.
Round 1: Uphold vs. eToro on vital statistics
Both eToro and Uphold are registered exchanges based in the US. They both offer cryptocurrencies, stocks and commodities to users.
eToro offers users Copy Trading, meaning they can copy the trading habits and portfolios of successful trades. Uphold offers users a Mastercard debit in addition to a wider crypto asset selection and one-stop trading page.
Uphold offers a greater selection of cryptocurrency coins and tokens than eToro, with both offering Ripple (XRP). Apart from having more cryptocurrency support, Uphold also has more trading pairs than eToro. Uphold users can also swap between any two supported assets on the platform, meaning you can trade crypto assets for commodities fiat and cryptocurrency.
Uphold supports significantly more fiat currencies than eToro does, in addition to being able to swap any of its supported assets for any of its supported fiat. However, in terms of being able to deposit funds into your account, both platforms support the same three currencies: USD, EUR and GBP.
When comparing the funding methods for those three currencies, eToro has far more options with PayPal and Skrill options.
eToro has a better fee structure than Uphold. The trading fee on the eToroX exchange is 0.05% for makers and takers, compared to 1.05% and up for Uphold. Users have to use the eToroX platform for this fee, otherwise they pay a spread of 1% on cryptocurrency when using eToro’s basic trading platform.
Uphold charges a spread of 0.8% to 1.2% for cryptocurrency, with no other option for trading and getting lower fees. Deposit and withdrawal fees between the two platforms are also cheaper through eToro.
Minimum deposits
US$10
Deposit Fees
$0
Deposits via debit card, credit card or Apple/Google Pay: 3.99% Wire transfer below $5,000: $20 Other methods: No fees
Trading Fee
1%
Most stablecoins and large FXs: 0.25% Altcoins: 1.9–2.95% BTC, ETH stablecoins: 1.4–1.6% Precious metals: 1.9–2.95%
Withdrawal Fees
To an external account: $5 USD to GBP/EUR: $0
For Fiat: ACH Instant: 1.75% Debit card, Apple Pay Instant: 1.75% Other withdrawal methods: No fee
For Crypto: DAG, XDC, BTG, SGB, FLR, TRX, SOLO, CSPR, COREUM, KAS: $0.99 Other crypto assets: Depends on the asset
Deposit methods
Bank transfer, Debit card, PayPal, Wire transfer
Bank transfer (ACH), Bank transfer, Credit card, Debit card, Wire, Apple Pay, Google Pay
Uphold offers only its exchange wallet, but eToro does have a proprietary wallet. The eToro Money Crypto Wallet lets users transfer any of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, Tron, Cardano and Ripple to and from the exchange. You can also withdraw to another wallet.
However, you can’t interact with dApps using the eToro Money Crypto wallet. Uphold’s exchange wallet is fairly secure and insured though, so there isn’t too much risk in using it.
Winner: eToro
Round 6: Ease of use
While both eToro and Uphold offer users stocks, commodities and cryptocurrency trading options, these are all separate pages on eToro. This means that you have to navigate to each specific type of trading to participate in it, in addition to not being able to swap directly between cryptocurrency and commodities.
Meanwhile, Uphold lets you swap any of its supported assets for anything else it supports, all on the same page. This makes Uphold extremely easy to use.
Winner: Uphold
Round 7: Security
Neither Uphold or eToro have ever been hacked in their history, however both have had individual accounts compromised. Both are compliant with multiple national regulators, and have FDIC insurance for USD holdings.
Uphold goes even further than eToro by offering bug bounty programs in addition to a fully transparent insurance fund and reserves.
Winner: Uphold
Uphold vs. eToro Winner: Uphold
Uphold is the winner here, taking four of seven categories when compared to eToro. Uphold has better security, is easier to use, supports more cryptocurrencies and offers users a Mastercard debit card to spend their holdings. eToro is not significantly worse, as it offers a useful wallet and a variety of fiat funding options to users.
However, the ability to swap anything for anything on a single trading page on Uphold is a huge advantage.
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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.
Keegan Francis was a cryptocurrency writer for Finder. He has been invested in cryptocurrencies since 2013 and writing about them since 2018. He has written and edited for CryptoVantage. In 2020 he and his wife Mrugakshee Palwe opted entirely out of the world of traditional finance and went "full crypto", covering their experience in the Go Full Crypto podcast and via a Substack newsletter. Keegan holds a Bachelor of Computer Science from Acadia University, and has attained graduate certificates from Ivan On Tech's lightning network course and the Consensys Academy Ethereum bootcamp. When Keegan is not working on cryptocurrency, he enjoys travelling, rock climbing and playing piano. See full bio
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