eToro and Binance are popular crypto exchanges of financial markets. The trading platforms have the best services to support their clients efficiently in different sectors. 

Also, the difference between them is that eToro is a crypto broker. But Binance is a cryptocurrency exchange. The former allows the trading of cryptos along with other investments. However, Binance deals with only crypto assets. 

To get further into details, here’s a brief analysis of eToro vs. Binance. 

At a Glance: eToro vs Binance

eToro

eToro is a popular crypto broker known for its social and copy trading services. It is an Israeli company that has been working for years in the financial markets. 

The market-leading social trading platform allows traders to copy experienced trade traders. Thus, taking the perks of sharing trading strategies and, on the other hand, getting the benefits of copy trading with the best trader. 

It offers more than 3000 tradable symbols and is among the largest global cryptocurrency brokers. However, it also provides services to US clients. 

The pros and cons of the broker include: 

Pros: 

• Regulation of Cyprus
• Social trading 
• Tools and indicators
• Various instruments 

Cons:

• High trading fees
• Margin trading is not available

Binance

Binance is the largest cryptocurrency exchange in terms of the trading volume. In addition, the Binance brand holds a good market reputation with its other trading platform Binance.US for US traders. 

It provides traders with various cryptocurrencies, trading tools, and facilities. Also, the platform fees are relatively low compared to other exchanges. However, it has no regulatory body but works according to industry standards. 

Thus, a secure trading platform for traders to invest. 

The pros and cons of the Binance crypto exchange are: 

Pros:

• More than 100 trading assets and 65 for US citizens
• Low trading fees
• Order types 
• Various tools and features 
• Mobile app
• Leverage and margin trading 

Cons:

• Binance.US is a limited version 
• No in-built digital wallet

Table of Differences: eToro vs. Binance

The table below gives a brief and quick overview of the two trading platforms’ services. Both have unique abilities that make them the best in the financial market. 

Fees: eToro vs Binance

The trading fees of the platforms are the most crucial thing traders look for. They want an exchange that can provide a minimum extra trading cost. So, to know the platforms better, here’s the fee analysis of eToro and Binance. 

eToro provides traders a 1% fee when traders buy or sell cryptos. In addition, there is a spread which it charges. The spread depends on the asset and the price trader quotes. 

The trading fees at eToro are not the highest, but it is expensive in comparison to Binance. Besides, the platform has inactivity fees if users do not use it for 12 months. 

The binance fee structure is simple but depends on how traders use it. Suppose a trader uses a specific Binance convert function or the spot trading platform. US traders can trade using Binance. US trading platform. 

So, traders get a comprehensive trading option with the platform. There is no trade commission, inactivity fees, and no hidden charges. The only spread charge is the trading fees of the exchange. 

The maximum trading fee with spot trading is 0.1%. The spread charges are as per the asset trader invests. 

Cryptocurrencies Available: eToro vs Binance

eToro and Binance offer clients a range of crypto assets. Traders can invest in these to get maximum market opportunities. 

Conclusion

eToro vs. Binance gives a detailed analysis of the best crypto trading platforms. Users can invest in anyone that supports their trading goals. eToro is good for copy trading, but Binance is good for more products to invest in. 

Similar way, they have many other trading facilities that users can have. With the article, traders can analyse them and choose the best.