eToro vs Trading 212 - which is the best

Say you're looking to start trading cryptocurrencies – you'll need to choose between the two major exchanges, EToro vs Trading 212. As a beginner, which would be best for you?

While they have many similarities they also have key differences. One of these is that eToro, being a regulated exchange, has stricter KYC requirements. So which one should you choose? Let's take a closer look at each exchange to see what makes them unique Many people have been excited about the new opportunities that come with this exciting market and might be wondering where to focus their time.

Advantages and disadvantages of eToro

About eToro exchange

eToro is a brokerage company that deals in day trading & investment in stocks. They've been growing exponentially the last few years and their goal is to get customers excited about trading while educating them and preparing them for the challenges of being a professional trader.

About Trading 212 Exchange

Trading 212 (pronounced "Trading 212") is a brokerage company that was registered in London back in 2004. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the British Financial Conduct Authority (FCA).

Comparative analysis of eToro and Trading 212 exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

eToro offers: 

Trading 212 offers:

Available countries

eToro and Trading 212 exchanges are available in more than 100 countries. These exchanges do not provide trading services in sanctioned countries. 

Payment methods

You can fund your eToro and Trading 212 account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on eToro and Trading 212.

Available Cryptos and Tokens

eToro currently supports 72 trading pairs. 

Trading 212 supports 50+ coins.

Regulation

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.

Broker Trading 212 regulated by the FCA

Interface

The interface of the exchanges is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Verification (KYC)

Both exchanges require verification, which includes: Indication of citizenship/residential address, providing proof of identity, providing passport and/or face validation selfies in "live" mode, providing contact information.

Account deposit

Exchanges offer the following options for funding the account:

Comparison of Trading Fees

eToro:

Trading 212:

Account security

eToro is completely secure. The exchange offers users 2FA and other advanced security measures.

All Trading 212 client funds are held separately in segregated bank accounts and are protected by the Investor Compensation Fund.

Passive earn on exchanges

With eToro's dedicated Staking service, users can benefit from simple, secure and hassle-free growth on their cryptocurrency investment.

Trading 212 currently does not offer any passive income options.

Which to choose - eToro or Trading 212

Trading 212 and eToro have many similarities in terms of the services they provide. The most significant difference is that Trade212 offers lower commission rates. For other features, you could get comparable value from both platforms if you read their features in detail

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 eToro better than Trading 212?

eToro is a social trading and investment platform where users can trade virtual currencies, stocks, ETFs, and other assets. Trading 212 is an online trading company that offers a wide range of financial instruments for trading.

Both eToro and Trading 212 offer traders the opportunity to invest in cryptocurrencies such as Bitcoin. However, eToro does not offer fiat currencies for trading whereas Trading 212 does.

In terms of security, both platforms are safe to use but Trading 212 has been hacked before whereas eToro has never been hacked before.

Is it safe to keep crypto on eToro?

The US Securities and Exchange Commission (SEC) also lists eToro USA Inc as being registered with the SEC on December 17th 2018 as an Investment Adviser under Regulation D of the Investment Advisers Act of 1940.

Why eToro is the best?

eToro is the best because it offers a wide range of investment opportunities.

eToro is the best because it offers a wide range of investment opportunities. It provides traders with many different assets to trade in, such as stocks, commodities, currencies and indices. In addition, eToro allows traders to invest in both long and short positions.

Conclusion

A lot of exchanges may seem similar at first, but they do have distinct differences with regards to their quality, security and parameters. When choosing which exchange to use, it's important to take all these factors into account. It may happen just one attribute will be the deciding factor. Both exchangers, which we reviewed today, have been operating for a long time and are therefore worthy of trust. Both eToro and Trading 212 are developing alongside the whole cryptocurrency sector.