Carbon-supported Ptx-Rhy-Snz catalysts (x:y:z = 3:1:4, 6:2:4, 9:3:4) are prepared by Pt, Rh and Sn precursors reduction in different addition order. The materials are characterized by X-ray diffraction, transmission electron microscopy and X-ray photoelectron spectroscopy techniques and are evaluated for the electrooxidation of ethanol in acidic media by cyclic voltammetry, chronoamperometry and anode potentiostatic polarization.. Oxidized Rh species prevail on the surface of catalysts synthetized by simultaneous co-precipitation, thus demonstrating the influence of synthesis method on the oxidation state of catalysts. Furthermore, high amounts of Sn in composites synthetized by co-precipitation results in very active catalysts at low potentials (bifunctional effect) while medium Sn load is needed for sequentially deposited catalysts when the electronic effect is most important (high potentials), since more exposed Pt and Rh sites are needed on the catalyst surface to alcohol oxidation. The Pt3-Rh1-Sn4/C catalyst prepared by coprecipitation is the most active at potentials lower than 0.55 V (related to bifunctional effect) while the Pt6-Rh2-Sn4/C catalyst, prepared by sequential precipitation (first Rh and, after drying, Pt+Sn), is the most active above 0.55 V.