{"id":451574,"date":"2022-05-26T14:33:56","date_gmt":"2022-05-26T13:33:56","guid":{"rendered":""},"modified":"2026-01-22T15:10:30","modified_gmt":"2026-01-22T15:10:30","slug":"etoro-vs-binance","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/cryptocurrency\/exchange-reviews\/etoro-vs-binance","title":{"rendered":"eToro vs Binance: Which crypto exchange is better?"},"content":{"rendered":"<div id=\"ukfcyfixeddisclaimer\" class=\"visible no-margin-top\" data-template=\"masthead-two-columns\">\n<div id=\"ukfcyfixeddisclaimerbody\" class=\"text-center fin-text-white\" data-nosnippet><strong>Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <u id=\"ukfcydscmdl\" onclick=\"ukfcyshowmodal();\">Take 2 mins to learn more<\/u>.<\/strong><\/div>\n<\/div>\n<style>\n@media (max-width: 767px) { .fixeddisclaimerbody { letter-spacing: -0.4px; } }\n@media (min-width: 1350px) { #page, #side-nav-container { padding-top: 24px !important; } .gn svg.w-\\[16px\\].h-\\[9px\\] { margin-top: 24px !important; } }\n@media (max-width: 1349px) and (min-width: 701px) { #page, #side-nav-container { padding-top: 48px !important; } .gn svg.w-\\[16px\\].h-\\[9px\\] { margin-top: 48px !important; } }\n@media (max-width: 700px) and (min-width: 481px) { #page, #side-nav-container { padding-top: 68px !important; } }\n@media (max-width: 480px) and (min-width: 381px) { #page, #side-nav-container { padding-top: 86px !important; } }\n@media (max-width: 380px) { #page, #side-nav-container { padding-top: 102px !important; } }\n#ukfcyfixeddisclaimer { top: 0; left: 0; position: fixed; right: 0; width: 100%; z-index: 40001; text-align: center; }\n#ukfcyfixeddisclaimerbody { line-height: 1.2; background-color: #6c7881; overflow: hidden; letter-spacing: -0.2px; padding: 4px 3px 5px 3px; }\n#ukfcymodal { z-index: 40002; }\n#ukfcymodalclosereal { z-index: 40003; position: fixed; left: 0; right: 0; top: 0; bottom: 0; }\n#modal-content { z-index: 40004; }\n.gn .nav-slideout--active { top: auto !important; }\n.gn .fixed { position: static !important; }\n#ukfcydscmdl { cursor: pointer; }\n<\/style>\n\n\n<div class=\"docsModal\">\n<section class=\"luna-modal\" aria-hidden=\"false\" role=\"dialog\" id=\"ukfcymodal\" aria-labelledby=\"modal-heading\" aria-describedby=\"modal-content\" tabindex=\"-1\">\n<div class=\"luna-modal__content\">\n<button id=\"ukfcymodalclose\" class=\"luna-modal__close\" type=\"button\" aria-label=\"Close modal\">\n<svg class=\"luna-icon\" aria-hidden=\"true\"><use xlink:href=\"#close\"><\/use><\/svg>\n<\/button>\n<div id=\"ukfcymodalclosereal\"><\/div>\n<div class=\"luna-modal__body\" id=\"modal-content\">\n<div class=\"luna-modal__wrapper\">\n\n<p><strong>Estimated reading time: 2 min<\/strong><\/p>\n\n<p>Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.<\/p>\n\n<h4 id=\"modal-heading\">What are the key risks?<\/h4>\n\n<p>1. You could lose all the money you invest<\/p>\n\n<ul> \n<li>The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.<\/li>\n<li>The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.<\/li>\n<\/ul>\n\n<p>2. You should not expect to be protected if something goes wrong<\/p>\n\n<ul>\n<li>The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime \u2013 in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS <a href=\"https:\/\/www.fscs.org.uk\/check\/investmentprotection-checker\">investment protection checker<\/a>.<\/li>\n<li>The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection <a href=\"https:\/\/www.financialombudsman.org.uk\/consumers\">here<\/a>.<\/li>\n<\/ul>\n\n<p>3. You may not be able to sell your investment when you want to<\/p>\n\n<ul>\n<li>There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.<\/li>\n<li>Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.<\/li>\n<\/ul>\n\n<p>4. Cryptoasset investments can be complex<\/p>\n\n<ul>\n<li>Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.<\/li>\n<li>You should do your own research before investing. If something sounds too good to be true, it probably is.<\/li>\n<\/ul>\n\n<p>5. Don't put all your eggs in one basket<\/p>\n\n<ul>\n<li>Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.<\/li>\n<li>A good rule of thumb is not to invest more than 10% of your money in high-risk investments.<\/li>\n<\/ul>\n\n<p>If you are interested in learning more about how to protect yourself, visit the FCA's website <a href=\"https:\/\/www.fca.org.uk\/investsmart\">here<\/a>.<\/p>\n\n<p>For further information about cryptoassets, visit the FCA's website <a href=\"https:\/\/www.fca.org.uk\/investsmart\/crypto-basics\">here<\/a>.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n<script>\nfunction ukfcyshowmodal() {\nvar infomodal = document.getElementById(\"ukfcymodal\");\ninfomodal.classList.add('is-visible');\ninfomodal.setAttribute(\"aria-hidden\", \"false\");\ndocument.getElementById(\"ukfcymodalclosereal\").addEventListener('click',function()\n{\nvar infomodal = document.getElementById(\"ukfcymodal\");\ninfomodal.classList.remove('is-visible');\ninfomodal.setAttribute(\"aria-hidden\", \"true\");\n});\n};\n<\/script>eToro has 20 million users globally. Its customers can trade shares, commodities and cryptocurrency \u2013 with some advanced trading features to boot. It also offers its users access to crypto wallets and crypto debit cards.<p>Binance is one of the biggest crypto exchanges in the world, with 90 million users globally. But it\u2019s known for offering controversial derivative trading on cryptoassets, which is banned in the UK.<\/p><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.<\/div><\/article><h3>Round 1: Vital statistics<\/h3><div data-category=\"\" data-niche=\"GXFCY\" data-fieldset=\"vitalstatistics\" class=\"GXFCY vitalstatistics \">\n        <table class=\"i_infobox product_infobox\">\n        <tbody><tr><th><\/th><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/uk\/cryptocurrency\/exchanges\/etoro-cryptocurrency-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png\" alt=\"eToro logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/cryptocurrency\/exchanges\/binance-exchange-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png\" alt=\"Binance logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><\/tr><tr><th>Overall rating<\/th><td class=\"i_infobox_data product_infobox_data\"><span class=\"luna-stars luna-stars__fill--80 luna-stars--yellow\">\u2605\u2605\u2605\u2605\u2605<\/span><\/td><td class=\"i_infobox_data product_infobox_data\"><span class=\"luna-stars luna-stars__fill--70 luna-stars--yellow\">\u2605\u2605\u2605\u2605\u2605<\/span><\/td><\/tr><tr><th>Costs rating<\/th><td class=\"i_infobox_data product_infobox_data\"><span class=\"luna-stars luna-stars__fill--40 luna-stars--yellow\">\u2605\u2605\u2605\u2605\u2605<\/span><\/td><td class=\"i_infobox_data product_infobox_data\"><span class=\"luna-stars luna-stars__fill--90 luna-stars--yellow\">\u2605\u2605\u2605\u2605\u2605<\/span><\/td><\/tr><tr><th>FCA-registered<\/th><td class=\"i_infobox_data product_infobox_data\"><svg class=\"luna-icon luna-icon--success luna-icon--medium\"><use xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" xlink:href=\"#check\"><\/use><\/svg> <span class=\"table-popover\" style=\"line-height: 36px;\" rel=\"popover\" data-content=\"Crypto isn't regulated in the UK. The FCA has a register of companies that have passed checks for anti-money laundering. The list can be viewed at &lt;a href='https:\/\/register.fca.org.uk\/s\/search?predefined=CA' target='_blank'&gt;the FCA site&lt;\/a&gt;.\" title=\"FCA registration\" data-original-title=\"\"><\/span><\/td><td class=\"i_infobox_data product_infobox_data\"><svg class=\"luna-icon luna-icon--error luna-icon--medium\"><use xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" xlink:href=\"#close\"><\/use><\/svg> <span class=\"table-popover\" style=\"line-height: 36px;\" rel=\"popover\" data-content=\"Crypto isn't regulated in the UK. The FCA has a register of companies that have passed checks for anti-money laundering. The list can be viewed at &lt;a href='https:\/\/register.fca.org.uk\/s\/search?predefined=CA' target='_blank'&gt;the FCA site&lt;\/a&gt;.\" title=\"FCA registration\" data-original-title=\"\"><\/span><\/td><\/tr><tr><th>Exchange location<\/th><td class=\"i_infobox_data product_infobox_data\">UK<\/td><td class=\"i_infobox_data product_infobox_data\">China<\/td><\/tr><tr><th>Offers a debit card<\/th><td class=\"i_infobox_data product_infobox_data\"><svg class=\"luna-icon luna-icon--success luna-icon--medium\"><use xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" xlink:href=\"#check\"><\/use><\/svg><\/td><td class=\"i_infobox_data product_infobox_data\"><svg class=\"luna-icon luna-icon--success luna-icon--medium\"><use xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" xlink:href=\"#check\"><\/use><\/svg><\/td><\/tr><tr><th><\/th><td class=\"i_infobox_data product_infobox_data\"><a data-component-props='{\"finderScore\":null,\"badges\":[],\"productId\":\"183b88d9-d5ce-42ab-a777-8a2398b69652\"}' data-component-id=\"1026\" data-component-version=\"1\" target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/gx\/cryptocurrency\/etoro-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22infobox%22%2C%22fieldset%22%3A%22vitalstatistics%22%2C%22offer_id%22%3A%2226004%22%2C%22niche_code%22%3A%22GXFCY%22%2C%22product_id%22%3A%22183b88d9-d5ce-42ab-a777-8a2398b69652%22%2C%22product_name%22%3A%22eToro%22%2C%22post_id%22%3A%22451574%22%2C%22post_path%22%3A%22cryptocurrency%252Fexchange-reviews%252Fetoro-vs-binance%22%2C%22post_country%22%3A%22uk%22%7D\" class=\"luna-button luna-button--success luna-button--medium has-margin-bottom-xsmall button--cta\" title=\"Go to eToro's site\">Go to site<\/a><\/td><td class=\"i_infobox_data product_infobox_data\"><\/td><\/tr>\n        <\/tbody>\n        <\/table><\/div><p>Crypto isn\u2019t regulated in the UK. But since 2020, the UK watchdog \u2013 the Financial Conduct Authority (FCA) \u2013 has been supervising cryptoasset firms operating from the UK for their compliance with anti-money laundering and counter-terrorism financing laws (AML\/CTF). Firms which pass the FCA\u2019s checks can be on its register; firms which don\u2019t aren\u2019t allowed to operate from the UK. The FCA has also banned the sale of derivatives on cryptoassets (for example futures contracts, contracts for difference and options).<\/p><p>eToro UK applied to become a <a href=\"https:\/\/www.finder.com\/uk\/cryptocurrency\/uk-registered-cryptocurrency-exchanges\">registered<\/a> cryptoasset firm and its application was granted. Binance\u2019s UK arm, meanwhile, did not become FCA-registered, and Binance.com continued offering UK users derivative trading on cryptoassets. This led to Binance falling foul of the FCA in 2021. The FCA issued consumers a <a href=\"https:\/\/www.fca.org.uk\/news\/news-stories\/consumer-warning-binance-markets-limited-and-binance-group\" target=\"_blank\" rel=\"noopener\">warning about Binance<\/a>, and many UK banks started blocking transfers to the exchange. Since then, Binance has been taking steps to clean up its act.<\/p><h3>Round 2: Supported coins<\/h3><div data-category=\"\" data-niche=\"GXFCY\" data-fieldset=\"coin\" class=\"GXFCY coin \">\n        <table class=\"i_infobox product_infobox\">\n        <tbody><tr><th><\/th><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/uk\/cryptocurrency\/exchanges\/etoro-cryptocurrency-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png\" alt=\"eToro logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/cryptocurrency\/exchanges\/binance-exchange-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png\" alt=\"Binance logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><\/tr><tr><th>Number of tradeable crypto assets<\/th><td class=\"i_infobox_data product_infobox_data\">100<\/td><td class=\"i_infobox_data product_infobox_data\">356<\/td><\/tr>\n        <\/tbody>\n        <\/table><\/div><p>eToro supports most of the best known and most widely-traded cryptoassets, and that\u2019s enough for many users. It\u2019s also adding new cryptoassets to its platform on an almost weekly basis at the moment. For obscure altcoins, Binance has the edge.<\/p><h3>Round 3: Supported fiat currencies<\/h3><div data-category=\"\" data-niche=\"GXFCY\" data-fieldset=\"fiat\" class=\"GXFCY fiat \">\n        <table class=\"i_infobox product_infobox\">\n        <tbody><tr><th><\/th><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/uk\/cryptocurrency\/exchanges\/etoro-cryptocurrency-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png\" alt=\"eToro logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/cryptocurrency\/exchanges\/binance-exchange-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png\" alt=\"Binance logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><\/tr><tr><th>Number of supported fiat currencies<\/th><td class=\"i_infobox_data product_infobox_data\">21<\/td><td class=\"i_infobox_data product_infobox_data\">70<\/td><\/tr>\n        <\/tbody>\n        <\/table><\/div><p>Again, most users will find the fiat support they need with eToro, but it\u2019s worth noting that eToro does everything in dollars, so when you deposit funds it immediately gets converted from GBP to USD. That means you\u2019ll incur a small FX fee of 0.4%.<\/p><h3>Round 4: Costs<\/h3><div data-category=\"\" data-niche=\"GXFCY\" data-fieldset=\"fees\" class=\"GXFCY fees \">\n        <table class=\"i_infobox product_infobox\">\n        <tbody><tr><th><\/th><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/uk\/cryptocurrency\/exchanges\/etoro-cryptocurrency-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png\" alt=\"eToro logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/6523b66a3c1d8.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><td class=\"i_infobox_data product_infobox_data\"><a href=\"https:\/\/www.finder.com\/cryptocurrency\/exchanges\/binance-exchange-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png\" alt=\"Binance logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/628f458b33008.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><\/td><\/tr><tr><th>Minimum deposits<\/th><td class=\"i_infobox_data product_infobox_data\">$100<\/td><td class=\"i_infobox_data product_infobox_data\">$10<\/td><\/tr><tr><th>Deposit Fees<\/th><td class=\"i_infobox_data product_infobox_data\">Free<\/td><td class=\"i_infobox_data product_infobox_data\">Instant Bank Payment: 0.5GBP<br>Bank Card(Visa\/MC): 1.80%<br>Etana: None<br>FPS: 1GBP<br>Cryptocurrency: None<\/td><\/tr><tr><th>Trading fee<\/th><td class=\"i_infobox_data product_infobox_data\">1% plus spread<\/td><td class=\"i_infobox_data product_infobox_data\">Maker: 0.02 - 0.10%<br>Taker: 0.04 - 0.10%<\/td><\/tr><tr><th>Withdrawal Fees<\/th><td class=\"i_infobox_data product_infobox_data\">$5 (min. withdrawal $30)<\/td><td class=\"i_infobox_data product_infobox_data\">Instant Bank Payment: 0.5GBP<br>FPS: 1GBP<br>Bank Card (Visa): 1.80%<br>Etana: None<br>Cryptocurrency: Fees vary<\/td><\/tr><tr><th>Deposit methods<\/th><td class=\"i_infobox_data product_infobox_data\">Bank transfer,           Debit card,          eToro Money<\/td><td class=\"i_infobox_data product_infobox_data\">Bank transfer,           Credit card,           Cryptocurrency,           Debit card,           Faster Payments (FPS),           Apple Pay,          Google Pay<\/td><\/tr>\n        <\/tbody>\n        <\/table><\/div><p>While Binance has the edge on spreads, its fee structure is complex and not entirely transparent. Deposit\/withdrawal fees depend on which of the 600+ assets you\u2019re transferring in\/out. A GBP bank transfer in or out will usually cost \u00a31 \u2013 not bad, except that your UK bank may block the transfer. If you have to pay in by card instead, it\u2019s a rather painful 1.8% fee. As above, with eToro, you\u2019ll pay a currency exchange fee from GBP as it operates in USD.<\/p><h3>The verdict: Is eToro better than Binance?<\/h3><p>We write lots of \u201cvs\u201d comparison guides, and we usually pick a winner. But in this race, there\u2019s really only one horse \u2013 eToro. That\u2019s because we won\u2019t recommend a firm that\u2019s offering services banned by the FCA \u2013 namely derivative trading on cryptoassets. Irrespective of that ban, derivatives are a very dangerous way to invest (you stand to lose more than you wager) and the underlying asset \u2013 cryptocurrency in this case \u2013 is notoriously volatile.<\/p><p>If you want to risk it all and use banned leveraged trades to bet on obscure altcoins (which we would <em>not<\/em> recommend) then Binance might appeal. But eToro has an impressive range of features in a slick app, plus all the cryptoasset support most of us are likely to ever need. The company\u2019s trying to catch up, at speed, with its range of coins, too. Its main downside is those FX fees.<\/p><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\"><p class=\"has-margin-bottom-xsmall\">*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.<\/p><p>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.<\/p><\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>Two very different exchanges go head-to-head against each other&#8230; which one will better suit you?<\/p>\n","protected":false},"author":385,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"post_is_fact_checked":"false","post_co_author":"-1","post_co_author_date":null,"post_co_author_manual_date_checked":null,"post_reviewer":"-1","post_reviewer_date":"","post_reviewer_manual_date_checked":null,"post_editor":"-1","post_editor_date":null,"post_author_date":"2024-08-19T16:51:58","post_author_manual_date_checked":"false","footnotes":""},"categories":[130222],"tags":[],"asset_tag":[],"class_list":["post-451574","post","type-post","status-publish","format-standard","hentry","category-exchange-reviews"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>eToro vs Binance: Which crypto exchange is better? 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