Based vs eToro
eToro is the social trading platform known for copy trading and multi-asset access.Based is a self-custody wallet for trading Hyperliquid's 24/7 markets. Different tools built on different assumptions. Here is how they actually compare, without trash talk.
Side by side
| Feature | Based | eToro |
|---|---|---|
| What it is | A self-custody wallet for trading on Hyperliquid, a decentralised platform. Not a broker. | A regulated investment platform holding customer accounts. |
| Trading hours | 24/7. Nights, weekends and holidays included. | Exchange hours for stocks. Crypto trades 24/7 on the platform. |
| Custody | Self-custodial. Assets stay in a wallet you control; Based never holds them. | Custodial. eToro holds your positions, including its crypto wallets for most users. |
| Markets | Perpetual futures on Hyperliquid tracking US and Asian stocks, plus crypto perps and prediction markets. Derivatives with liquidation risk and funding fees, not share ownership. | US and international stocks, ETFs, crypto, and CFDs in many non-US regions. Offering varies by country. |
| Account requirements | No brokerage account and no bank account. A self-custodial wallet funded with USDC. | Account with identity verification, funded by bank transfer or card. |
| Fees | No commissions. All-in from 0.011% taker and 0.005% maker on stock perps, discounts for staking. | Commission-free stocks in most regions, with fees on crypto and withdrawals. |
Who Based suits
Based suits traders who want stocks to trade like crypto already does on eToro: every hour of every day, from a wallet they control. If you have ever wished the stock tab worked like the crypto tab on a Saturday, that is the gap Based fills.
Who eToro suits
eToro suits people who want to own shares or copy other investors' portfolios inside one regulated app. Copy trading is genuinely useful for hands-off investors, and Based has no equivalent of it.
Want the mechanics behind the differences? How trading without a broker works and market hours vs 24/7 trading cover them in plain terms. Or jump straight to a market: NVDA, TSLA or the full markets list.
Frequently asked questions
- Is there an eToro alternative that trades stocks 24/7?
- Yes. On eToro, only crypto trades around the clock; stocks keep exchange hours. Through Based, the Hyperliquid stock markets run 24/7 including weekends. You trade perpetual futures tracking stock prices from a self-custodial wallet, no brokerage account and no bank account needed.
- Can I trade stocks on weekends with eToro?
- No. eToro stock trading follows the underlying exchange's hours, so it closes on weekends. Weekend trading there is limited to crypto. Every market Based connects to, stocks included, stays open through the weekend.
- Does Based have copy trading like eToro?
- No. Based is a self-custody wallet for trading on Hyperliquid, not a social investing network. If copy trading is the main draw for you, eToro does that well. Based competes on hours, custody and access instead.
- Do I need a bank account to use Based?
- No. A self-custodial wallet funded with USDC is enough. eToro accounts are funded with bank transfers or cards.
Start in three steps
- Step 1
Connect a wallet
Any self-custodial wallet works. No account application, no paperwork.
- Step 2
Fund it
Deposit USDC. You do not need a bank account to do it.
- Step 3
Trade 24/7
Stock perps, crypto perps and prediction markets. Nights, weekends, holidays.
Based is a self-custody wallet, not a broker. Markets are perpetual futures on Hyperliquid: derivatives with liquidation risk and funding fees, not the underlying stocks or coins.