Are you in a dilemma?

Need help to decide between AscendEX and eToro? Don’t worry; I have the solution for you.

I have come up with the most sensible and in-depth comparison of the two that will help you not only understand these exchanges better but also to choose the best exchange that would fit your trading needs.

So without further delay, let’s begin with some basic information about these exchanges.

AscendEX vs eToro: At A Glance Comparison

AscendEX

A well-known centralized and Singapore crypto trading exchange introduced in 2018, AscendEX has conquered the crypto sphere like no other exchange. The platform holds more than 1 million users accumulating more than 150 billion in trading volume.

eToro

A year older than AscendEX is this excellent crypto trading exchange introduced in 2017; however, the company has existed since 2007.

eToro is one of the oldest crypto CFD brokers and offers a wide range of crypto trading products as well.

eToro is a well-regulated crypto trading exchange and is among the world’s leading crypto investment networks.

AscenDEX vs eToro: Trading Markets, Products & Leverage Offered

Now let us discuss what are the different trading markets, products, and leverage offered on these exchanges.

AscenDEX

AscenDEX offers a long list of trading markets and products which includes:

  • Spot Trading: Choose from 229 trading pairs.
  • Margin Trading: Maximum leverage of up to 25x.
  • Futures Trading: Maximum leverage of up to 100x.
  • Crypto Copy Trading: Copy trades of expert traders, both fixed and proportional amounts.
  • Over-the-counter trading: Bulk trade with a minimum transaction size of USD 1,00,000.
  • Crypto Staking: No lock-in period, up to 9.50% APY.

eToro

  • Spot Trading: Invest in a wide variety of crypto assets.
  • Crypto CFD Trading: Upto 30x leverage with competitive spreads and customizable stop-loss.
  • Crypto Staking: Upto 90% of monthly staking yield rewards; choose between ADA, TRX, or ETH.
  • Crypto Copy Trading: Zero additional charges; start/stop copying and add/ remove funds anytime.

Verdict: AscendEX is the clear winner in this segment with a better crypto trading market range.

AscendEX vs eToro: Supported Cryptocurrencies

Let’s quickly discuss now what crypto assets available to trade with on these crypto trading exchanges.

AscendEX

Coming to the supported crypto assets, AscendEX has more than 250 of them. The list includes:

  • Bitcoin
  • DogeCoin
  • Ecomi
  • Solana
  • Tron
  • Shiba Inu
  •  Polygon
  • Cosmos

eToro

On the other hand, eToro offers more than 80 crypto assets, the list includes:

  • BTC
  • ADA
  • ETH
  • BNB
  • IOTA
  • LTC

Verdict: Clearly, AscendEX is the winner in this segment, with a lot more crypto assets to trade with.

AscendEX vs eToro: Trading Fee & Deposit/Withdrawal Fee Compared

Coming to one of the most essential aspects is the trading fees. So let’s see how much those are on these exchanges and which is more pocket friendly.

AscendEX

Starting with AscendEX, this exchange follows a maker/taker fee model in terms of trading fees categorized in a tiered structure based on the 30-day trading volume. I have mentioned the spot and futures trading fees below:

Spot Trading

VIP Level

 Trailing 30d Trade Volume (USDT) Category Trailing 30d Avg ASD Holdings Maker / Taker Fee (Large Market Cap Assets) Maker / Taker Fee (Altcoins)
VIP0 ≥ 0 OR ≥ 0 0.1000% / 0.1000%

0.2000% / 0.2000%

VIP1

 ≥ 100,000 OR ≥ 5,000 0.0900% / 0.1000% 0.1800% / 0.2000%
VIP2 ≥ 1,000,000 OR ≥ 20,000 0.0750% / 0.0850%

0.1600% / 0.1800%

VIP3

 ≥ 5,000,000 OR ≥ 100,000 0.0600% / 0.0700% 0.1300% / 0.1500%
VIP4 ≥ 10,000,000 OR ≥ 250,000 0.0500% / 0.0600%

0.1000% / 0.1200%

VIP5

 ≥ 25,000,000 OR ≥ 500,000 0.0400% / 0.0500% 0.0750% / 0.1000%
VIP6 ≥ 50,000,000 OR ≥ 1,000,000 0.0300% / 0.0400%

0.0500% / 0.0700%

VIP7

 ≥ 100,000,000 OR ≥ 1,500,000 0.0200% / 0.0300% 0.0200% / 0.0400%
VIP8 ≥ 150,000,000 AND ≥ 2,500,000 0.0000% / 0.0250%

0.0000% / 0.0250%

VIP9

 ≥ 500,000,000 AND ≥ 5,000,000 -0.0150% / 0.0200%

-0.0150% / 0.0200%

Futures Trading

VIP Level

 Trailing 30d Trade Volume (USDT) Category Trailing 30d Avg ASD Holdings Maker / Taker Fee
VIP0 ≥ 0 OR ≥ 0

0.0200% / 0.0600%

VIP1

 ≥ 5,000,000 OR ≥ 10,000 0.0180% / 0.0600%
VIP2 ≥ 10,000,000 OR ≥ 100,000

0.0150% / 0.0600%

VIP3

 ≥ 25,000,000 OR ≥ 500,000 0.0120% / 0.0600%
VIP4 ≥ 50,000,000 OR ≥ 1,000,000

0.0100% / 0.0600%

VIP5

 ≥ 100,000,000 OR ≥ 5,000,000 0.0075% / 0.0600%
VIP6 ≥ 200,000,000 OR ≥ 10,000,000

0.0050% / 0.0600%

VIP7

 ≥ 500,000,000 AND ≥ 15,000,000 0.0003% / 0.0500%
VIP8 ≥ 1,000,000,000 AND ≥ 25,000,000

0.0000% / 0.0400%

Deposit and Withdrawal Fees

There are no deposit fees charged on AscendEX. However, there is a dynamic withdrawal fee depending on the asset you are withdrawing. To know them in detail, click here.

eToro

Trading Fees

eToro charges a flat fee for transactions. When you buy assets, you are charged a flat 1% fee. If you convert one crypto to another, the conversion fee is 0.1%.

Deposit and Withdrawal Fees

There are no fees when you fund your account. However, there is a withdrawal fee of $5 per withdrawal, and the minimum withdrawal limit is set at $30.

Verdict: AscendEX is undoubtedly the better choice in this segment, with more affordable pricing. 

AscendEX vs eToro: Order Types

Now let’s quickly discuss what are the order types available on these exchanges to take advantage of the market trends.

AscendEX

Starting with AscendEX, this exchange offers a variety of order types, which are:

  • Limit Order
    • Post-Only Order
    • Good Til Cancel
    • Immediate or Cancel
    • Fill or Kill
    • Reduce-Only Orders
  • Market Order
  • Stop Limit Order

eToro

  • Market Order
    • Out of Hours Order
  • Limit Order
  • Stop-Loss Order

Verdict: Clearly, AscendEX will be a better choice in this segment, with a lot more order types to use in your trades.

AscendEX vs eToro: KYC Requirements & KYC Limits

Coming to KYC requirements and KYC limits, let us see what the regulations are for trading on these exchanges.

AscendEX

On AscendEX, KYC is not mandatory if you want to deposit crypto and use their spot exchange.

However, if you’re going to deposit fiat currencies or withdraw higher amounts, you’ll need to complete the KYC verification process.

Once you signup, you can either deposit crypto and begin trading right away. Or you complete the verification process and buy crypto or deposit fiat currencies.

To complete the procedure, enter your personal information, submit a government-issued ID, and click a photo of yourself, making sure you are clearly visible.

eToro

On eToro, however, KYC is mandatory to trade. Similar to AscendEX KYC procedures, you need to submit the required documents and enter the personal details with a selfie holding the document in order to be KYC compatible.

To go through and understand the requirements completely, click here.

Verdict: AscendEX will be a better choice in this segment as it allows anonymous trading with a simple KYC structure.

New to crypto trading? Learn How do Bitcoin futures contracts affect bitcoin prices?

AscendEX vs eToro: Deposits & Withdrawal Options

Now, let’s discuss what are the available deposit and withdrawal options on these exchanges.

AscendEX

  • Method 1: Credit/ debit cards, will incur a 1.8% fee, though.
  • Method 2: Supports more than 40 fiat currencies that include AED, BRL, MXN, and PHP. However, these are supported only by wire deposits and are free of charge.
  • Method 3: Direct crypto deposits.

eToro

  • Method 1: Through credit/debit card transfers.
  • Method 2: Bank wire transfers.
  • Method 3: e-wallet transfers or Klarna/ Sofort.
  • Method 4: eToro money or online banking as well as direct crypto transfers.

AscendEX vs eToro: Trading & Platform Experience Comparison

Now let’s compare them on what UI and UX you can expect from these exchanges as well as what are the key features offered by them for trading.

AscendEX

AscendEX trading exchange offers a variety of trading toolsets for exchanged crypto trading experience. It provides an easy-to-use interface with the order type and leverage option readily available on the trading window.

The window also displays all the open orders, positions, order history, trade history, and transaction history right on the exchange.

eToro

Similarly, eToro has a pretty basic trading interface with all of the essential tools like charts, trading stats, and pairs available right at your fingertips. Some of the most highlighting features on this platform are:

  • Technical chart powered by TradingView
  • Overview, stats, and news of the assets
  • Easy to use the order form
  • Mobile application

AscendEX vs eToro: Customer Support

Customer support has its own importance because it is the pillar that you can rely on if things go south and you want to solve your queries.

AscendEX

In terms of customer support, AscendEX has an onsite form where you can submit your queries with attachments. You can also reach them through their team and traders community on Telegram which is active 24×7.

The customer support portal is available in Korean, Turkish, Vietnamese, Italian, English, Japanese, Arabic, and Spanish. You can also reach them through their email, to which they are comparatively quick to respond.

eToro

When it comes to customer support, eToro offers multiple ways for it.

The exchange offers live chat support, which is available 24/7. It also provides an email portal to reach through, where its customer support team is ready to help you with your queries.

Additionally, there is a massive list of FAQs where you’ll find answers to the commonly asked question. It has a comprehensive knowledge base as well to help solve your queries.

Recommended Read: How to use crypto futures for hedging?

AscendEX vs eToro: Security Features

Now let’s quickly discuss what are the security features available on these exchanges. After all, it’s your crypto holdings you are trusting these exchanges with.

AscendEX

AscendEX is nowhere behind when it comes to security features offered by this exchange.

It offers all of the industry standards compatible security features that keep your crypto holdings safe around the clock. Some of the most highlighting features include:

  • Cold Storage of the majority of your crypto
  • Two-factor authentication
  • Email confirmation for withdrawals

eToro

eToro uses a multi-tiered approach for safeguarding your crypto assets that include a combination of hot and cold storage wallets.

It uses state-of-the-art monitoring tools to detect and prevent fraudulent activities.

The exchange also employs advanced encryption and masking technologies to secure personal and financial information. eToro also incorporates all the industry-standard security features, including multi-factor authentication and AML policies.

Is AscendEX Safe & Legal To Use?

When it comes to AscendEX’s safety and legality, there’s no question about it. The exchange comes with state-of-the-art security features which are not only safe but are compatible with industrial standards.

Is eToro Safe & Legal To Use?

Similarly, eToro is also a safe and legal platform.

This crypto trading exchange offers all of the advanced security features and is also regulated in multiple jurisdictions, which makes it a completely secure and legitimate platform.

eToro vs AscendEX Conclusion: Why not use both?

Looking at these exchanges at a glance, these platforms seem pretty similar.

Both of these exchanges are among the best crypto exchanges in terms of their trading capabilities.

But when the question arises, which of the two will be the best for you?

The answer depends on your crypto trading needs.

Talking about the eToro trading exchange will be the best choice if you are new to the crypto world. It offers an easy-to-use trading interface with all of the basic yet essential crypto trading toolsets.

On the other hand, if you are looking for an exchange to help you up your trading game.

An exchange that comes with all of the advanced trading toolsets as well as a wide range of crypto assets to trade with, then you can undoubtedly go for AscendEX.

So pick the exchange that best suits you and skyrocket your profits with these exchanges today.

Learn how does AscendEX & eToro stack up against the competition:

Sudhir Khatwani
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