eToro and Crypto.com
eToro and Crypto.com are two of the most popular trading platforms in Australia. eToro is an award-winning multi-asset brokerage that lets you trade Crypto, Stocks, ETFs, Commodities and more. Crypto.com on the other-hand is a specialist cryptocurrency exchange that provides customers with access to DeFi, NFTs andmore.
Note that eToro USA LLC does not offer CFDs, only real crypto assets.
eToro charges a 1% spread on cryptocurrency trades made on their platform. Crypto.com on the other hand charges a 0.6% fee per trade, with a 0.5% spread on top on their tokens.
This makes eToro the cheaper exchange when you consider both factors.
eToro vs Crypto.com: Supported Assets
eToro provides access to their users for over 16 Global Markets (US, European, Australian, and more), 50 cryptocurrencies, commodities, ETFs and much more. Their platform is by far the largest and most diverse multi-asset brokerage in the entire world.
Crypto.com has one of the largest selection of cryptocurrencies among any centralised cryptocurrency exchange. They offer their users over 550 cryptocurrencies to buy, sell and trade.
eToro vs Crypto.com: Security and Licensing
100% of users assets are held offline in cold storage on Crypto.com and they have secured a total of 750M USD in insurance against physical damage or destruction, and third-party theft.
Both eToro and Crypto.com have the proper licensing in the United States and are regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities Exchange Commission (SEC).
Is eToro better than Crypto.com?
We recommend using eToro as they have a wider and more diverse range of assets to invest in and charge considerably lower fees (smaller spreads) in comparison to Crypto.com. Crypto.com is best suited for traders who wish to invest in their native token, CRO.
For more information about their platform, read our eToro Review.