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eToro vs Crypto.com: Which crypto exchange is better?

eToro narrowly scrapes a victory in our exchange-vs-exchange showdown.

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By

Paul Tebbs

Updated

Fact checked

eToro and Crypto.com are 2 of the biggest names in crypto investing, but with a number of key differences. Crucially – as the name might give away – Crypto.com is a pure-play crypto platform, while eToro built its business on stock trading, which is still a mainstay of its platform.

Both platforms offer more “pro” trading accounts, with access to more features, but for the purposes of this head-to-head comparison, we’ve focused on their entry-level accounts.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Round 1: Vital statistics

eToro UK Cryptoasset InvestingCrypto.com App
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
FCA-registered
Exchange locationUKHong Kong
Offers a debit card
Earn returns on crypto
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More Info		More Info

The UK’s Financial Conduct Authority (FCA) has granted both eToro’s and Crypto.com’s applications to be registered cryptoasset firms, which will offer some prospective users reassurance. It doesn’t mean your funds are protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), but it means both eToro and Crypto.com have committed to adhering to specific FCA regulations.

Round 2: Supported coins

eToro UK Cryptoasset InvestingCrypto.com App
Number of tradeable crypto assets76271
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More Info		More Info

If obscure altcoins are your thing, then Crypto.com’s got eToro beat. Note that eToroX supports additional cryptoassets.

Round 3: Supported fiat currencies

eToro UK Cryptoasset InvestingCrypto.com App
Number of supported fiat currencies2131
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More Info		More Info

It’s worth noting that eToro does everything in dollars, so when you deposit GBP, that immediately gets converted to USD. You’ll incur a small FX fee of 0.4% along the way.

Round 4: Costs

eToro UK Cryptoasset InvestingCrypto.com App
Minimum deposits$10£1
Deposit FeesNoneNone
Trading Fee1% plus spreadMaker: 0.00-0.75%
Taker: 0.05-0.75%
Withdrawal Fees$5 (min. withdrawal $30)Cryptocurrency: Fees vary
Deposit methodsBank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro MoneyCredit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS), Apple Pay, Google Pay
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More Info		More Info

Crypto.com customers have the option to purchase crypto via their credit card directly but that incurs a rather painful fee of 2.99%. There are several other good reasons not to use a credit card for your crypto purchase (you could lose your investment but will still have to repay the original amount borrowed plus interest, you’ll also incur a cash advance fee, to name just 2).

All in all, we found that Crypto.com is not particularly transparent about its crypto buying and selling fees, while eToro is.

Winner: eToro (…narrowly)

If you were only looking at fees, then Crypto.com might come out on top. There are cheaper platforms than eToro around, but it’s more upfront about the costs involved than most (including Crypto.com, in our opinion). And while both platforms offer an admirably impressive range of features, we think that eToro, with its Copy Trading feature (which lets you replicate the trades of other users who’ve demonstrated success previously) has the edge. Added to this, the volume of negative TrustPilot reviews for Crypto.com may put off those who are relatively new to crypto.

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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