Each trading platform will have its own unique features. We will have to compare these characteristics to choose a suitable exchange. We’ll take a look at the basic features of Binance vs eToro in the following article:
Unique features of eToro
The attraction of eToro is that this exchange includes many unique features. But in this article, we will focus only on four essential elements.
1. Social Trading
eToro has been considered a leader in social trading since 2010.
In addition, eToro works as a miniature social network. Members of this community can interact with each other when making online transactions.
eToro allows users to refer to the trading techniques of other investors. When investors make their accounts public, they allow other users to refer to their investment strategies.
2. Copy transaction
The Copy Trading feature brings significant benefits to new investors. Users can choose to copy all or some of the trades of other experienced investors. This way they can learn more experience. And it is also possible to improve the level of profit brought by trading.
3. eToro Copy Portfolio
What Is eToro Copy Portfolio? Simply put, CopyPortfolios is a portfolio of integrated investment products. eToro has predefined portfolio groups based on specific criteria. Users can choose to invest the right funds for them.
Investors will have funds dedicated to each financial market through this investment product.
4. Famous investors
This is a group of experienced traders selected by eToro called experts. Experts will have to develop their trading strategies. They will not be allowed to copy the trades of other traders and professionals. And experts will receive a monthly fee based on the volume of transactions that the copier has made.
Users will be able to review the multi-year investment history of professionals transparently and unequivocally.
Binance’s Unique Trading Platforms
Binance’s accompanying services have made this exchange special in the financial market. Here are Binance’s featured services:
1. Binance.com
Binance is a cryptocurrency trading platform with very competitive fees. It is not clear whether this exchange will allow you to invest in cryptocurrencies via CFDs? But this leading platform allows you to store tokens and receive dividends.
2. Trust your wallet
Binance’s website provides Trust Wallet users
Binance’s website provides Trust Wallet users. This is the e-wallet of the trading platform itself. Therefore, its role is to send, receive and store altcoins.
3. Binance Jersey
Binance Jersey is the right trading tool to buy digital currencies via bank transfer. Using this tool, users can exchange fiat currency for crypto.
4. Binance Dex
Binance Dex is considered a decentralized global exchange based on the Binance Coin blockchain. This is an excellent exchange to trade cryptocurrencies at competitive prices. Users can buy and sell cryptocurrencies on Binance Dex without registering an account.
