Upbit vs eToroX: Fees, Coins, Safety Comparison
| Feature | Upbit | eToroX |
|---|---|---|
Overall |
3.0 |
3.9 |
1 |
3.5 |
|
3.9 |
2.7 |
|
3.5 |
3.2 |
|
Investment Instruments |
1 |
4.5 |
Platforms and Charting Tools |
4.1 |
4.5 |
Deposit and Withdrawal |
3.8 |
4.0 |
Research |
4.0 |
4.7 |
Education |
3.6 |
4.2 |
Support |
3.7 |
4.0 |
Bonuses |
1 |
3.6 |
Upbit vs eToroX: Pros and Cons
The Upbit crypto exchange is a premier trading and exchange platform that was launched in South Korea on 24 October 2017, under the assistance of their partnership with the American cryptocurrency exchange Bittrex. It allows you to exchange and trade Bitcoin, Ethereum, Litecoin, Tether, Ripple, and other renowned cryptocurrencies. Unfortunately, only the Singapore dollar (SGD) is represented as fiat money here. The exchange operates legally, is licensed, has a huge trading volume, and dynamic growth of economic indicators. The platform does not offer investment and partnership programs because the functionality of the trading terminal is completely set for exchange and trade. On top of the web version, there is a mobile application for iOS and Android devices. Another significant advantage is low fixed commission charges for trading operations.
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.
| Upbit | eToroX | |
|---|---|---|
| Overall Pros | the intuitive interface of the author's trading terminal; | 2 FA authentication |
| all the primary functions for buying and selling are presented; | Low minimum deposit | |
| mobile trading with a built-in risk assessment system; | Passive income with staking | |
| the most renowned cryptocurrencies are traded on this exchange, there are pairs with fiat; | Indicators and drawing tools | |
| two-level authentication means top-tier security; | Copy trading platform | |
| up-to-date analytics on cryptocurrency market trends; | Fully regulated broker, Regulated crypto exchange | |
| there is no evidence of fraud or unresolved conflicts. | ||
| Overall Cons | the exchange is focused on traders from the Asian region; | Derivatives, NFT, ETF not available |
| only the Singapore dollar is represented by fiat funds; | Not a big choice of supported cryptocurrencies | |
| there are no investment, partnership, or training programs. | No bonuses | |
| High fees |
Upbit vs eToroX: Safety and Regulation
| Regulated By: | Upbit | eToroX |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Gibraltar (FSC) |
Upbit vs eToroX: Trading Conditions
| Trading Conditions | Upbit | eToroX |
|---|---|---|
Minimum Deposit |
$1 |
$50 |
Trading Platforms |
Upbit |
Web, mobile |
Max Leverage (Futures) |
44562 |
1:1 |
Number of Markets |
182+ |
28 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Bank cards and accounts, electronic and cryptocurrency wallets |
USD, EUR, GBP, AUD, and cryptos |
Upbit vs eToroX: Fees
Trading Fees
| Fee | Upbit | eToroX |
|---|---|---|
Max Maker |
0 |
0.01 |
Max Taker |
0.15% |
0.01 |
Min Maker |
0 |
0.01 |
Min Taker |
0.15% |
0.01 |
Debit/Credit Card Purchase Fee |
Not supported |
Not supported |
Futures Trading fees
| Fee | Upbit | eToroX |
|---|---|---|
Max Maker |
Not supported |
not supported |
Max Taker |
Not supported |
not supported |
Min Maker |
Not supported |
not supported |
Min Taker |
Not supported |
not supported |
Non-Trading Fees
| Fee | Upbit | 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 |
0.0009 BTC |
- |
Inactivity Fee |
No |
No |
Upbit vs eToroX: Trading Assets
| Asset Name | Upbit | eToroX |
|---|---|---|
Overall |
182+ |
|
Bitcoin (BTC) |
No |
Yes |
Litecoin (LTC) |
No |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
No |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
No |
No |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
Yes |
No |
Crypto ETF |
No |
No |
Upbit or eToroX: Investment Programs
| Asset Name | Upbit | eToroX |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Copy Trading |
Trading Platforms: eToroX or Upbit
| Upbit | eToroX | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features: eToroX or Upbit
| Upbit | 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 Upbit
| Upbit | eToroX | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: eToroX or Upbit
| Upbit | 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 Upbit
| Upbit | eToroX | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
No |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
Upbit vs eToroX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Upbit | eToroX |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Upbit vs eToroX: Research
| Research Type | Upbit | eToroX |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Upbit vs eToroX: Education
| Education Type | Upbit | eToroX |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
eToroX vs Upbit: Support
| Support Features | Upbit | eToroX |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
No |
No |
Upbit vs eToroX: Crypto Bonuses and Promo
| Promo | Upbit | eToroX |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
No |
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. |
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 Upbit
-
Comment
I am sure that you need to choose a cryptocurrency exchange yourself because everyone has their own goals. Before getting on Upbit, I tried a bunch of other trading platforms, but this one was perfect for me. Verification is simple, there is no minimum deposit on the site, and the terminal interface is classic, so you can deal with all the nuances even without the help of the support team. The mobile application is also convenient, I use it for trading when I go on business trips.
-
Comment
A cryptocurrency exchange is a place to trade and exchange digital currencies. Usually, there are investment programs, specialized software for mining, and affiliate programs that lure beginners. I simply do not need these gadgets, so I am 100% satisfied with the conditions at Upbit. This crypto exchange provides everything you need for simple and comfortable trading in Bitcoins, Ether, etc. The only pity is that communication with managers is organized exclusively through tickets. I don’t understand why such a progressive platform does not take care of its call center.
-
Comment
I expected more from this company, I was almost sure that everything is ok here. But I was wrong, the hole, like many in the crypto market, there is just a lot of pathos. There is no desire to disassemble in detail all the jambs that I have noticed, I can only say that it is not worth it.
-
Comment
I am ready to give Upbit the highest rating because there is no take profit, stop loss, or leverage for margin trading here. The exchange offers interesting conditions for professionals. The author's terminal has an intuitive interface and is equipped with all the necessary functions for comfortable trading. Commissions have already been calculated within the transaction (and it should be noted that exchange fees here are fixed for all assets). With the withdrawal of profit, everything is clear. Upbit does not fail.
-
Comment
Well, I'm not among the top supporters of the Upbit exchange. There are several drawbacks such as its narrow focus on the Asian market and its lack of comfortable trading conditions for newcomers — and these are only a part of its disadvantages. However, in fairness, it should be noted that there are also many advantages. First, it has an adequate commission policy. Exchange fees are fixed for major cryptocurrencies at 0.2%. The terminal works as transparently as possible and provides news, charts with indicators, analytics, etc. Trading is comfortable veteran traders. And it is also worth noting that there are generally no distracting frills that are not necessary for active traders such as mining and investment programs. This suits me just fine.
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.