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Coinbase to etoro

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  • 11-04-2021 11:02pm
    #1
    siochain
    Registered Users Posts: 2,546 ✭✭✭


    Hi folks.

    2 weeks ago cashed out of coinbase and restarted in etoro. Bought in a the minimum level for one copy portfolio and spread the rest over a range of crypto. With the copy portfolio I know your don't own the coins, any other downside to this. Anything else to watch about etoro?

    With the straight coin purchase I own them right?

    Cheers


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    #2
    CutWeldDrive
    Registered Users Posts: 92 ✭✭CutWeldDrive


    etoro is a brokerage company, you never own anything..

    You will also be dealing with them halting trading when ever it suits them.


  • Options
    #3
    siochain
    Registered Users Posts: 2,546 ✭✭✭siochain


    would Degiro be a better option or is own wallet the only option?


  • Options
    #4
    siochain
    Registered Users Posts: 2,546 ✭✭✭siochain


    OK I guess Degiro is the same what's the best app\portal to actually own the purchase


  • Options
    #5
    CutWeldDrive
    Registered Users Posts: 92 ✭✭CutWeldDrive


    buy on exchange and transfer to hard wallet.

    exchanges lie coinbase, binance, kraken etc. you all what you buy.
    then transfer off exchange to hard wallet or trade on exchange


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    #6
    Probes
    Registered Users Posts: 466 ✭✭Probes


    CutWeldDrive wrote: »
    etoro is a brokerage company, you never own anything..

    You will also be dealing with them halting trading when ever it suits them.

    You can own crypto you buy on there, it tells you when you are buying the actual coin. You can transfer them out to the wallet but you must be buying in suitable sizes, I think in Bitcoin you need to buy in 0.008 chunks, which is actually quite a lot now.

    I like eToro, they had a wobble a wee while back but they seem to have sorted their stability issues now. It's a great platform to get started I think, but I don't buy too much crypto on it, mainly copy people.


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