Bithumb vs eToroX: Fees, Coins, Safety Comparison
| Feature | Bithumb | eToroX |
|---|---|---|
Overall |
4.0 |
3.9 |
4.0 |
3.5 |
|
3.9 |
2.7 |
|
4.2 |
3.2 |
|
Investment Instruments |
4.3 |
4.5 |
Platforms and Charting Tools |
4.2 |
4.5 |
Deposit and Withdrawal |
3.8 |
4.0 |
Research |
3.9 |
4.7 |
Education |
3.8 |
4.2 |
Support |
4.0 |
4.0 |
Bonuses |
4.1 |
3.6 |
|
Your capital is at risk.
|
Bithumb vs eToroX: Pros and Cons
Bithumb is a cryptocurrency exchange and trading platform. Only the Korean won is represented among the broker’s fiat currencies. In addition to making money on the crypto exchange, users can receive passive income using deposit programs. There is also the possibility of automatic trading through a custom bot. Major cryptocurrencies are traded on the exchange, including Bitcoin, Ethereum, Ripple, EOS, DASH, Zcash, Monero, etc. Deposits and withdrawals of funds are possible through credit cards and crypto-wallets. The personal data protection system is assessed as progressive and there is an extended AML verification. The platform has its proprietary trading terminal, which has two versions — web and mobile (in Android and iOS). Only a cold storage (not connected to the internet) method for holding cryptocurrencies is presented.
The eToroX cryptocurrency exchange was launched by its parent company—the eToro broker—in 2018. The main office of the company is located in Gibraltar. The eToroX cryptocurrency exchange ranks high in the CoinMarketCap rating and has over 19 million active accounts. The marketplace is completely unified with the main eToro platform, so clients who open an account with eToroX can use the functions of both the exchange and the broker.
| Bithumb | eToroX | |
|---|---|---|
| Overall Pros | all major cryptocurrencies are at your disposal; | 2 FA authentication |
| fees are below average for the segment; | Low minimum deposit | |
| high trading volumes equal high liquidity; | Passive income with staking | |
| well-thought-out investment portfolios; | Indicators and drawing tools | |
| top-notch support service; | Copy trading platform | |
| the user-friendly interface. | Fully regulated broker, Regulated crypto exchange | |
| Overall Cons | only a few dozen cryptocurrencies and tokens are presented; | Derivatives, NFT, ETF not available |
| no fiat funds except the Korean won; | Not a big choice of supported cryptocurrencies | |
| no referral program. | No bonuses | |
| High fees |
Bithumb vs eToroX: Safety and Regulation
| Regulated By: | Bithumb | eToroX |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Financial Intelligence Unit (FIU) |
Gibraltar (FSC) |
Bithumb vs eToroX: Trading Conditions
| Trading Conditions | Bithumb | eToroX |
|---|---|---|
Minimum Deposit |
$1 |
$50 |
Trading Platforms |
Bithumb |
Web, mobile |
Max Leverage (Futures) |
44562 |
1:1 |
Number of Markets |
32+ |
28 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, Korean won |
USD, EUR, GBP, AUD, and cryptos |
Bithumb vs eToroX: Fees
Trading Fees
| Fee | Bithumb | eToroX |
|---|---|---|
Max Maker |
0.25% |
0.01 |
Max Taker |
0.25% |
0.01 |
Min Maker |
0.04% |
0.01 |
Min Taker |
0.04% |
0.01 |
Debit/Credit Card Purchase Fee |
0 |
Not supported |
Futures Trading fees
| Fee | Bithumb | eToroX |
|---|---|---|
Max Maker |
0.25% |
not supported |
Max Taker |
0.25% |
not supported |
Min Maker |
0.04% |
not supported |
Min Taker |
0.04% |
not supported |
Non-Trading Fees
| Fee | Bithumb | eToroX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
$5 |
Debit/Credit Card Withdrawal Fee |
Not supported |
$5 |
BTC Withdrawal Fee |
0.001BTC |
- |
Inactivity Fee |
No |
No |
Bithumb vs eToroX: Trading Assets
| Asset Name | Bithumb | eToroX |
|---|---|---|
Overall |
193+ |
|
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
No |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
No |
Crypto ETF |
No |
No |
Bithumb or eToroX: Investment Programs
| Asset Name | Bithumb | eToroX |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Automatic Trading |
Copy Trading |
Trading Platforms: eToroX or Bithumb
| Bithumb | eToroX | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: eToroX or Bithumb
| Bithumb | eToroX | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: eToroX or Bithumb
| Bithumb | eToroX | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: eToroX or Bithumb
| Bithumb | eToroX | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: eToroX or Bithumb
| Bithumb | eToroX | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Bithumb vs eToroX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bithumb | eToroX |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
Yes (Only Deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Bithumb vs eToroX: Research
| Research Type | Bithumb | eToroX |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Bithumb vs eToroX: Education
| Education Type | Bithumb | eToroX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
eToroX vs Bithumb: Support
| Support Features | Bithumb | eToroX |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
No |
No |
Bithumb vs eToroX: Crypto Bonuses and Promo
| Promo | Bithumb | eToroX |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
30% from refferal's trading commission |
For each new eligible user who joins through the referral link and deposits at least $100, you and the invitee will receive a $30 reward from eToroX. |
|
Your capital is at risk.
|
Top 5 Reviews on eToroX
-
Comment
eToroX is a good crypto company. Withdrawals take about 30 minutes. I don’t withdraw often, but the money always comes within the specified time. The support works great — if there are problems, they will definitely help you.
-
Comment
I've been trading with eToroX for more than 2 months, and everything seems fine. I was generally new to crypto trading, but the broker’s manager helped me, and is still helping me. I’m doing pretty well, I’ve even withdrawn profits.
-
Comment
Made 800 bucks in eToroX last month, that's the result for me. But I didn’t just make money, and I was able to withdraw successfully) I want to advise this company to those who want to really trade in the foreign exchange market. I warn you that the broker is not perfect, everything happens, like everyone else. The main thing is honesty!
-
Comment
The initial deposit on the platform is really big, but I still decided to try cooperation with this cryptocurrency exchange. As the saying goes, those who do not take risks do not drink champagne. I have been using eToroX for the second year already, and am satisfied. In addition to comfortable trading conditions, I would like to mention the Invite a Friend affiliate program. It is relevant for both the broker and the exchange. They pay $50 for each referral. I easily find several leads a month, since the broker and the exchange are proven, people willingly register here.
-
Comment
I agree 100% that the platform for the social platform is great! The service has all the latest news from the world of cryptocurrencies, which allows you to quickly navigate the current situation and make a decision regarding the execution of transactions. And, of course, I must say that copy trading is a handy thing, especially for newbies like me. You can get acquainted with the statistics on transactions and it is easy to find a trader who is profitable to follow. I have been trading on this platform for the second year now, and am not going to go to another exchange.
Top 5 Reviews on Bithumb
-
Comment
My experience with Bithumb regrettably fell short of expectations. The fee structure appeared disproportionately high, significantly diminishing potential gains. In light of these cons, I would cautiously advise against entrusting one's assets to Bithumb.
-
Comment
Found a better exchange. Bithumb immediately attracted me, but then I realized that they were weak in terms of conditions. There are better markets. Also, there were problems with the service, then a freeze, then a delay, all this affects the quality of trading, so I decided to find a better company. And found! I wish everyone to find the perfect crypto exchange for their needs.
-
Comment
Whoever has funds on the Bithumb crypto exchange, withdraw them to another exchange and quickly, otherwise there is a risk that your account may be blocked, like me. And most importantly, they blocked it for an incomprehensible and non-specific reason. They say that for security reasons, they promise that after checking the account, they will unblock it. They've been checking for over 3 weeks now! And there, by the way, they have my 550 dollars left!
-
Comment
I tried trading with Bithumb Global purely out of interest, after all, the exchange is more for the Asian market, and I thought that the conditions might be different. I won’t say that there is a difference between Bithumb Global and other exchanges with which I have collaborated, but I have received positive impressions from Bithumb Global. In terms of functionality, everything is familiar, but the conditions on the exchange are very favorable. For example, a fixed commission, liquidity is extremely high when trading basic cryptocurrencies, deposit programs at Bithumb Global are not bad. Of the nuances, I note that there are no fiat currencies here. More precisely, there is, but only the Korean won. And there are not many assets in Bithumb Global, a couple of dozen. I do not recommend the exchange for scalping.
-
Comment
I signed up on Bithumb in 2019 and since then I exchange Bitcoin and Ripple here from time to time. The interface of the trading terminal is so simple that even a beginner can figure it out. I can recommend this crypto exchange to novice traders since there is no minimum deposit and the trading commission is fixed. There are no educational articles or videos on the Bithumb website, so you will have to delve into the nuances of crypto trading with the help of other resources. However, the terms of trade are very favorable.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.