Quick Verdict
CoinSpot may suit you if you want a dedicated crypto exchange with 530+ coins, lower fees (0.1% market orders), and Australian-focused features like crypto bundles and 24/7 local support.
Visit CoinSpot →Affiliate link. Crypto is volatile — you may lose money. Not financial advice.
eToro may suit you if you want copy trading, social features, and the ability to invest in stocks, ETFs, and crypto all on one ASIC-regulated platform.
Visit eToro →eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk. See PDS and TMD.
Head-to-Head Comparison
| Feature | |
|
|---|---|---|
| Platform Type | Dedicated crypto exchange | Multi-asset broker |
| Founded | 2013 (Melbourne) | 2007 (Israel) |
| Regulation | AUSTRAC registered | ASIC (AFSL 491139) |
| Cryptocurrencies | 530+ | 110 |
| Trading Fee | 0.1% (market) / 1% (instant) | 1% spread + conversion fee |
| AUD Conversion Fee | None (AUD native) | 0.5% - 1.5% |
| Deposit Methods | PayID, Bank, Card, Cash | PayID, Bank, Card, PayPal, POLi |
| Card Deposit Fee | 1.88% | 1.5% (conversion only) |
| Mobile App | iOS & Android | iOS & Android |
| Copy Trading | No | Yes (CopyTrader) |
| Social Trading | No | Yes |
| Stocks & ETFs | No | Yes (3,000+) |
| NFT Marketplace | Yes | No |
| Crypto Bundles | Yes | No |
| Crypto Debit Card | Yes | No (in Australia) |
| SMSF Support | Yes | No |
| Customer Support | 24/7 Live Chat (Australian) | Ticket-based |
| Inactivity Fee | None | $10/month after 12 months |
Highlighted cells reflect our editorial opinion on relative advantages. All figures should be verified directly with each platform as fees and features may change.
Pros and Cons
Pros
- 530+ cryptocurrencies available
- Low 0.1% fee on market orders
- No currency conversion fees (AUD native)
- 24/7 Australian live chat support
- Crypto bundles for easy diversification
- NFT marketplace and crypto debit card
- ISO 27001 security certified
Cons
- Crypto-only (no stocks or ETFs)
- No copy trading features
- 1% instant buy fee is higher
Pros
- CopyTrader lets you mirror successful traders
- Social trading with community features
- Stocks, ETFs, and crypto in one platform
- ASIC regulated (AFSL 491139)
- Global platform with 30M+ users
- Staking rewards available
Cons
- Only 110 cryptocurrencies
- 1% spread fee + AUD conversion costs
- $10/month inactivity fee after 12 months
- Customer support can be slow
- 2% fee to transfer crypto out
Fees Comparison
The fee structures differ significantly between these two platforms:
CoinSpot is an AUD-native exchange, meaning no currency conversion is needed. Market orders cost just 0.1% (on popular coins), while instant buy/sell costs 1%. Card deposits incur a 1.88% fee, but PayID and bank transfers are free.
eToro operates in USD, so Australian users face conversion fees of 0.5% (bank transfer) to 1.5% (card/PayPal). On top of that, crypto trades have a 1% spread fee. If you want to transfer crypto to an external wallet, there's an additional 2% fee (min $1, max $100).
Bottom line: For crypto-focused Australians, CoinSpot is generally more cost-effective due to lower trading fees and no conversion costs. eToro's fees add up quickly, especially for frequent traders.
Cryptocurrency Selection
CoinSpot dominates with 530+ cryptocurrencies compared to eToro's 110. If you want access to smaller altcoins, meme coins, or newer projects, CoinSpot is the clear choice.
eToro focuses on established cryptocurrencies like Bitcoin, Ethereum, XRP, and other major coins. The selection is more curated but covers the most popular assets.
For most casual investors, both platforms cover the major coins. But for crypto enthusiasts wanting variety, CoinSpot offers significantly more options.
Platform Features
These platforms serve different purposes:
CoinSpot is a dedicated crypto exchange with features tailored for crypto investors:
- Crypto Bundles (invest in baskets like "Top 10" with one purchase)
- Built-in NFT marketplace
- Crypto debit card for spending
- SMSF support for superannuation investing
eToro is a multi-asset platform with unique social features:
- CopyTrader — automatically copy successful traders' moves
- Social feed with trading ideas and discussions
- Access to 3,000+ stocks and ETFs alongside crypto
- Staking rewards on supported cryptocurrencies
If you only want crypto, CoinSpot offers more crypto-specific features. If you want an all-in-one investment platform with social trading, eToro is unique.
Regulation & Security
Both platforms are regulated but in different ways:
eToro holds an Australian Financial Services Licence (AFSL 491139) from ASIC, which provides a higher level of regulatory oversight. This is one of eToro's key advantages for Australian users concerned about regulation.
CoinSpot is AUSTRAC registered (as required for crypto exchanges) and holds ISO 27001 security certification. They've operated since 2013 with over 2.5 million Australian users and have a strong security track record.
Both platforms use standard security measures like two-factor authentication and cold storage. eToro's ASIC licence may provide additional peace of mind for some users.
Affiliate links. Crypto is volatile — you may lose money. Not financial advice.
eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk. See PDS and TMD.
Frequently Asked Questions
Is CoinSpot or eToro better for beginners?
Which platform has lower fees?
Can I buy stocks on CoinSpot?
Is eToro regulated in Australia?
Which platform has better customer support?
Does eToro charge an inactivity fee?
