Ease of Use
First, let's look at how easy it is to sign up for each exchange. Both platforms have straightforward registration processes, and all you need is a valid email address and password. However, Binance requires you to complete a verification process before starting trading.
This process involves uploading your ID card or passport and proof of residence. eToro does not have any such verification requirement.
Binance accepts a variety of currencies and makes it convenient to buy crypto using USD, EUR, AUD, CNY, INR, RUB, and other fiat currencies. You can also use a variety of accepted stablecoins to buy cryptos, such as Binance USD (BUSD), Coinbase USD Coin (USDC), and Tether (USDT).
Now, let us examine the features offered by each exchange.
Binance is a relatively simple exchange that incorporates useful features such as margin trading and a built-in decentralized exchange. In contrast, eToro provides numerous other features, such as social trading, copy trading, and CryptoPortfolios.
Both exchanges are easy to use and have simple registration processes. However, Binance has a verification requirement that may put some users off, while eToro offers a broader range of features. Compared to eToro, Binance charges lower fees, while eToro offers a variety of free products.