eToro is a market-leading social trading network, allowing traders to copy the trades of experienced investors, or receive exclusive perks for sharing their own trading strategies.
- Established Platform
- Copy Portfolio Trading
- Regulated in Numerous Jurisdictions
- Unique social trading capabilities that allow users to match moves of popular traders
- Use their Wallet
- Open and trade with as little as $100
- Margin trading not available to US users
- XRP (Ripple) ADA (Cardano) and TRX (Tron) are restricted for US users
eToro is more than just a cryptocurrency exchange platform, crypto is simply one of the more popular options at the moment.
Supported Currencies
For a platform that was not primarily designed for crypto trading, eToro’s crypto brokerage has a pretty good asset list. While it is not as extensive as what you would find on Coinbase, there are several different cryptocurrencies available here, including Bitcoin, Bitcoin Cash, Ether, Dash, Zcash and many more. Credit card deposits can only be made in USD, GBP, EUR and AUD.
Deposit and Withdrawal Methods
All standard payment methods, such as credit and debit cards, bank transfers, and e-wallets, are supported.
Fees
eToro has a universal 1% trading fee for crypto, but it also charges transfer fees.
Security Measures
eToro employs security measures that are on par with what you would expect from one of the world’s leading crypto exchange marketplaces. In addition to industrial-grade encryption, it also features toggleable two-factor authentication and biometric unlocking measures for its mobile/wallet apps.
You also need some official ID such as a valid passport or driver’s license to verify your account.
Customer Support
Customer support is offered through a system of email tickets, and a detailed Help Center, which contains lots of excellent articles. For the best possible experience, you will want to join eToro as a member, as you can then get phone and live chat support.
Disclaimer
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Best Crypto Value is not an affiliate and may be compensated if you access certain products or services offered by the MSB.
