Crypto Exchange comparison
Binance Australia vs eToro
Binance Australia is a pure crypto exchange built for active traders who want deep order books, low fees and 24/7 markets. eToro is a multi-asset platform that lets you trade crypto alongside real ASX and US shares, CFDs and copy trading — but it holds everything in a custodian model, not under your own HIN. The biggest practical difference: Binance is for crypto-first traders, while eToro is for investors who want crypto as part of a broader portfolio.
Choose
Binance Australia
if…
- ›You want the lowest possible crypto trading fees with a deep order book and advanced order types (limit, stop-loss, conditional).
- ›You only care about crypto and don't need ASX shares, US stocks or ETFs on the same platform.
- ›You want to start with as little as $1 and deposit instantly via PayID or Osko.
- ›You value 24/7 live chat support and a desktop trading interface for active screen-based trading.
Choose
eToro
if…
- ›You want to trade crypto alongside real ASX and US shares, ETFs and CFDs from a single login.
- ›You need an Australian tax statement and CGT calculator built into the platform for EOFY reporting.
- ›You want to use CopyTrader or follow other investors' portfolios — a feature unique to eToro's social trading model.
- ›You prefer depositing via PayPal, Skrill, Neteller or POLi rather than just bank transfer and card.
- ›You're comfortable with a custodian model (no individual HIN) in exchange for access to fractional shares on ASX and US markets.
Where they differ
| Fact | Binance Australia | eToro |
|---|---|---|
| Asset scope | Crypto only | Crypto + ASX shares, US shares, ETFs, CFDs |
| Minimum deposit | $1 AUD | $50 AUD |
| Inactivity fee | $0 | $10 AUD |
| CHESS / ownership model | Not applicable (crypto only) | Custodian — no individual HIN for shares |
| Australian tax statement | Not provided | Provided, plus CGT calculator |
Verdict
Choose Binance Australia for pure, low-cost crypto trading; choose eToro if you want crypto and traditional investments in one place.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Binance Australia | eToro |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | custodian |
| Individual HIN | — | No |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | United States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal | |
| Fractional shares (ASX) | No | Yes |
| Fractional shares (US) | No | Yes |
| Options trading | No | No |
| CFDs supported | No | Yes |
| Crypto trading | Yes | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.75% |
| Holds USD account | — | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| ASX brokerage percentage | — | 0% |
| ASX free trade conditions | — | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. |
| US brokerage minimum | — | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $10 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | InvestbyBit Pty Ltd (trading as Binance Australia) | eToro AUS Capital Limited |
| AFSL number | — | 491,139 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,020 | 2,017 |
| Parent / ownership | Binance Holdings Limited (Cayman Islands) | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. |
| Country of incorporation | AU | Australia |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $1 | $50 |
| Minimum subsequent purchase | $1 | $50 |
| Deposit methods | PayID, Bank transfer (Osko/NPP), Debit card, Credit card, P2P trading | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking |
| Settlement period | — | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) |
| Withdrawal time | PayID: <60 seconds; bank transfer: 1-2 business days | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator app | SMS + authenticator app |
| Customer support channels | Live chat (24/7), Email, Help centre / in-app ticket | Live chat (Club members only), Email / web ticket, Help centre |
| Support hours (AU time) | 24/7 (live chat); email response typically within 24 hours | — |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | No | Yes |
| CGT calculator / report | No | Yes |
| Sharesight / Navexa integration | Yes | No |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | multiple |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | No |