A $1,000 bank-transfer buy costs $0 on Binance.US and $10 on eToro, so Binance.US is cheaper.
Fees: Binance.US vs eToro
Dollar fees for $1,000 at Binance.US and eToro, taken from each exchange's own pages.
| $1,000 and the basics | Binance.US | eToro |
|---|---|---|
| Buy by bank transfer (ACH) | $0 | $10 |
| Buy by debit card | $39.90 | – |
| Buy by wire | $0.20 | – |
| Sell and send to your bank (ACH) | $0.20 | $10 |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $25 | $0 |
| States it does not serve | Texas, Alaska, New York, Washington, North Dakota, Connecticut, Vermont, Georgia, Oregon, North Carolina, Maine, Ohio, U.S. Virgin Islands, American Samoa, Northern Mariana Islands, Guam | Nevada, Hawaii, Puerto Rico, US Virgin Islands, American Samoa, Guam |
| Serves New York | No | Yes |
| Bank withdrawal | Free, 1-5 business days depending on the bank | Free, 7-day hold after online-banking deposits |
| NYDFS licence | No | Yes |
| FinCEN registration | Registered | Registered |
| App Store rating (ratings) | 4.2 (111,067) | 4.4 (9,966) |
| Coins listed | 204 | 113 |
When a row shows a dash, the exchange publishes no number for it, while "Not offered" means the method isn't supported.
Your state: Binance.US vs eToro
Binance.US is available in Nevada, Hawaii along with Puerto Rico, while eToro is not available there.
eToro serves Alaska, Connecticut, Georgia and Maine, New York, North Carolina, North Dakota and Ohio, Oregon, Texas, Vermont and Washington, plus Northern Mariana Islands. Binance.US doesn't serve any of them.
Withdrawals: Binance.US vs eToro
Withdraw from Binance.US to your bank free of charge, and the money arrives in 1-5 working days, depending on the bank.
eToro bank withdrawals are free. After online-banking deposits there's a 7-day hold, then up to 2 working days of processing, and the bank transfer generally takes under 3 working days.
Safety: Binance.US vs eToro
For New York, Binance.US holds no NYDFS licence.
NYDFS is where eToro gets its New York licence or charter.
Apps and coins: Binance.US vs eToro
On the App Store, the Binance.US app holds 4.2 out of 5 across 111,067 ratings.
On the App Store, the eToro app holds 4.4 out of 5 across 9,966 ratings.
Which to choose: Binance.US or eToro
- Binance.US is the pick if you will use Advanced (Spot) Trading together with its order book.
- Go with eToro if you want the eToro app, along with its simple buy screen.
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