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eToro vs CoinSpot

eToro vs CoinSpot

Adrian Graham
Fact Checked
September 23, 2022

**Below content does not apply to US users. eToro USA LCC does not offer CFDs, only real Crypto assets available.

In this guide I compare eToro vs CoinSpot to determine which platform is the better choice for Aussie investors. In this analysis, I take a look at key features including available markets, trading fees, reputation and much more.

eToro is the world’s largest multi-asset brokerage, offering access to a plethora of stocks, ETFs, cryptos, commodities and more. CoinSpot on the other hand is Australia’s most popular digital currency platform, offering over 300 different assets - but no other markets.

eToro Trading Binance Futures Trading
Trading Fees Variable with spreads over 0.75% 0.1% - 1% per Trade
Available Cryptos 30+ 350+
Available Markets 16 Global Markets, Stocks, ETFs, Commodities, Crypto + more Cryptocurrencies and Gold/Silver
Year Founded 2008 2017
Regulated by AUSTRAC Yes Yes
Deposit Methods Bank Transfer, PayPal, Debit Card, Credit Card and PayID/Osko Bank Transfer, POLi, BPAY, Cash and PayID/Osko
Multi-Asset Brokerage Image Image
iOS/Android Applications Image Image
Website eToro Website CoinSpot Website

eToro - 78% of retail CFD accounts lose money.

Table of Contents

Platform Highlights

eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro vs CoinSpot: Fees

Both eToro and CoinSpot offer free AUD deposits via bank transfer or PayID/Osko from any local Australian bank. 

With regard to trading fees, CoinSpot charges a flat fee of 1% when using their instant buy platform. When using the Market Order feature, the fee is only 0.1% per trade. It is important to note that there are only 15 cryptos available to buy or sell via Market Order.

eToro also charges a 1% fee that is fixed in the spread between the buy and sell price for cryptocurrencies.

eToro vs CoinSpot: Available Markets

eToro allows users to trade US Markets, 15 other global markets, commodities like gold, silver and copper, ETFs, cryptocurrencies and more. They are without doubt the best trading platform for investors looking to get access to a wide variety of markets.

As mentioned earlier, CoinSpot only provides access to cryptocurrency markets. That said, investors can also buy Gold & Silver pegged tokens that are available on CoinSpot and are provided by ABC Bullion.

eToro vs CoinSpot: Crypto Staking

Both platforms allow their customers to deposit proof-of-stake cryptocurrencies like Ethereum, Cardano or Solana to earn up to 10% APY. On review of both eToro and CoinSpot’s staking platforms, CoinSpot has more options that earn higher yields on average.

For more in-depth information, read our CoinSpot Review or eToro Review.

Final Verdict

CoinSpot is the better platform for users looking to trade strictly cryptocurrencies. If you are looking for a multi-asset brokerage to trade stocks, cryptos, ETFs and more - eToro is the choice for you.

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Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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