Bitpanda vs Etoro – Which is the Best

Comparison of popular cryptocurrency exchanges is relevant in many cases when it is difficult for a trader to decide on the choice - it is necessary to analyze all the main parameters of the platforms and highlight the points that are important to you.

In this case, we suggest considering Bitpanda vs Etoro pair.


bitpanda

ETORO

Type of exchange

Сentralized

Сentralized

Year founded

2019

 2019

Registration country

 Austria

 Gibraltar

Trust Score (Coingecko)

8

7

Cryptocurrencies / trading pairs

57

72

Trading types

Spot

Spot

Fees

0.05% - 0.15%

0% - 0.05%

2FA

Yes

Yes

Mobile application

IOS, Android

IOS, Android

Daily trading volume on Spot market

$3 965 828

$4 441 107

Advantages and disadvantages of Bitpanda

Pros:

  • It accepts several fiat currencies, including Swiss francs and Turkish liras, making it one of the most diversified exchangers
  • Bitpanda also has its own currency - BEST
  • With Bitpanda Pay you can send money to your contacts and pay bills using your account balance

Cons:

  • High commissions

Advantages and disadvantages of Etoro

Pros:

  • The minimum transaction amount for copying is $1
  • Convenient functionality for passive investing
  • Regulation in reliable jurisdictions
  • It is possible to buy contracts on fractional shares (i.e. to invest amounts smaller than the value of one share)
  • There is an opportunity to buy shares directly (not CFD) on the U.S. stock exchanges

Cons:

  • High spreads
  • Periodic technical failures in order execution

About Bitpanda exchange

Bitpanda GmbH was originally known as Coinimal and was founded by three cryptocurrency enthusiasts Eric Demuth, Paul Klanchek and Christian Trummer in 2014. In 2013, during one of the biggest bitcoin surges, the trio learned how difficult it was to buy cryptocurrency in Europe. They saw that the European crypto market was lacking a premium exchange, and decided that they would be the ones to offer one.
It now has more than 1.2 million users and has a team of more than 250 people working on it. In addition to allowing customers to buy cryptocurrency, Bitpanda works with payment service providers PSD2 and has recently expanded services to invest in metals such as silver and gold. Bitpanda is one of the few crypto exchanges in the world that has never been hacked. This shows how seriously the company takes security.

About Etoro Exchange

eToro is a non-standard broker that focuses exclusively on social trading. It is optimal for passive investors.

In fact, it is not a stock broker, it is a trading platform and a social network of traders with a subscription service for copies of transactions of the best traders (social trading). It is possible to trade CFDs: shares, commodities and indices, ETF funds, currency pairs (not for RF citizens), cryptocurrencies.

It is possible to connect to the autotracking service, or to become a trader and create autotracking strategies to connect subscribers to them.

Comparative analysis of Bitpanda and eToro exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

Bitpanda offers: 

  • Savings Plan
  • Swap
  • ETFs

eToro offers:

  • Copy top investors
  • eToro Staking
  • Demo-account

Available countries

Bitpanda and eToro exchanges are available in more than 100 countries. These exchanges do not provide trading services in sanctioned countries. 

Payment methods

You can fund your Bitpanda and eToro account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on Bitpanda and eToro.

Available Cryptos and Tokens

Bitpanda currently supports 57 trading pairs and 34 coins. 

While eToro supports 72 trading pairs.

Verification (KYC)

For security purposes, Bitpanda verifies identity before giving you unique logins to withdraw or deposit on the site. This is understandable, as Bitpanda's regulation is transparent.

eToro also requires verification (KYC)

Account deposit

Exchanges offer the following options for funding the account:

  • Crediting a fiat account with a card or payment system
  • Purchase from a card
  • Direct transfer of cryptocurrency to the exchange address

Comparison of Trading Fees

Bitpanda:

  • 0.05% - 0.15%

eToro:

  • 0% - 0.05%
  • More information: https://etorox.com/fees-exchange

Account security

The data you share with Bitpanda is shared with several third parties for verification and marketing purposes. However, Bitpanda implements several security measures to keep your data safe. All data transferred from your computer to Bitpanda is encrypted using SSL technology. You can enable two-factor authentication right after registration. The systems used by Bitpanda are fully encrypted. Personal data is anonymized and pseudonymized. Logging into offices, as well as access and management of systems, is restricted. Backups and other methods of quick recovery of personal data are used. In the event of a physical or technical incident, your data remains secure. Preventing enumeration and other design details keeps your data safe. The effectiveness of the technical and organizational parts of the security measures are constantly reviewed and evaluated. Bug Bounty helps to ensure maximum security.

EToro is regulated by the Cyprus Securities and Exchange Commission under license No.109/10 EToro is also regulated by the following organizations: ASIC, CySEC, FCA, FinCEN (US) and GFSC (Gibraltar) for crypto exchange (eToroX) and eToro Wallet. In addition, Etoro is one of the safest platforms to comply with common financial regulations regulated by CySEC in Europe, FinCEN in the US and the FCA in the UK.

Passive earn on exchanges

Bitpanda create your commission-free savings plan for any of the 7 crypto indices, including DeFi, Infrastructure and Media & Entertainment. No more buying commissions, no more reminders, just simple, automated investments.

eToro users can benefit just from owning cryptoassets. With eToro’s dedicated staking service, users enjoy simple, secure and hassle-free growth on their cryptoasset investment.

Which to choose - Bitpanda or eToro

Both exchanges are very good. They are safe, popular and reliable. However, Bitpanda has higher commissions, which can affect the choice of many users.

KYC in both cases is not required, but desirable. All in all, it's worth taking the time to get to know each exchange better, especially if you want to delve deeper into the cryptocurrency sphere.

Disclaimer:

NFTs trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQs

Is Bitpanda a good platform?

Yes, Bitpanda has long-established itself as an excellent trading platform.

Where is Bitpanda based?

Bitpanda is a centralized cryptocurrency exchange established in 2019 and is registered in Austria.

Is eToro legit?

Yes. EToro is regulated by the Cyprus Securities and Exchange Commission under license No.109/10

Does eToro have high fees?

eToro has average market commissions. 0.05% is considered a small commission.

Conclusion

Choosing a cryptocurrency exchange is a responsibility, because that's where your funds will be kept while you use them to trade or invest. In this article, we have touched on all the main indicators by which platforms are compared to each other, so that it is easier for you to decide whether to use Bitpanda or eToro for trading. However, there is nothing that prevents you from allocating assets between these projects depending on your specific needs.

Disclaimer:

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

Comparison of other exchanges

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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