eToro is a pioneering force in the TradFi (traditional finance) ecosystem, but we’ll focus on its crypto trading services for this review. It currently has 41 cryptocurrencies that you can choose to trade against other cryptos or numerous fiat currencies, including USD, CAD, AUD, NZD, GBP, EUR, CHF, and JPY.
However, US customers can only access crypto trading on eToro and not the other trading features compared to international customers. The platform doubles up as a copy trading app, allowing you to replicate successful trade strategies that have already been tested. Overall, eToro is well-reputed and highly regulated but offers a limited crypto trading experience relative to other industry players.
eToro stands out from others due to its feeless management and commission-free investment opportunities. When you buy digital assets on eToro, you’ll only pay for spreads, ranging between 0.75% to 4.50%. eToro also assesses fees for crypto transfers from the investment platform to its crypto wallet, numbering anywhere between $1 and $50 in equivalent tokens.
eToro doesn’t charge any fees for fiat withdrawals. However, your bank may charge you a fee. All fiat withdrawals and deposits are conducted in USD. Hence, any other currency than USD will need to be first converted, which will incur a conversion fee. Check the full list of conversion fees here.
That said, eToro has one of the lowest fees, as low as $5 for withdrawals. The platform also charges an inactivity fee of $10 per month.
You can also transfer crypto between your external wallets and eToro Money crypto wallet. There is no charge for this, except the gas fee charged by the blockchain network. However, keep in mind that the eToro Money crypto wallet supports a limited number of tokens like BTC, BCH, ETH, LTC, and XLM (other coins to follow soon). eToro also charges a 0.1% conversion fee for crypto-to-crypto conversions. Additionally, the platform has predefined limits for crypto transactions and conversions. Check the full list here.
Other than this, you’ll also be charged a fee when you transfer your funds from the eToro Investment app to the eToro Money crypto wallet. You’ll pay 0.5% for every transaction, but never higher than $50 or lower than $1.
All crypto investments on eToro are usually in the form of CFDs (contract for differences). The platform currently supports 41 tokens, including BTC, ETH, SOL, XRP, XLM, EOS, and several others.
eToro has also launched its dedicated crypto trading platform, eToroX, a regulated exchange with many tradable coins. Compared to other platforms, eToroX is pocket-friendly as it charges only a one-time spread on your crypto purchases. The platform is quickly adding new trading pairs to cater to its international audience in Canada, Europe, Australia, New Zealand, and Japan.
At present, eToro Money crypto wallet is available in almost all countries except Afghanistan, Albania, Belarus, and others. Check the complete list of eToro’s supported countries here.
eToro accepts both fiat and crypto deposits. You can use debit and credit cards, bank transfers, POLi (for AUD), PayPal, Skrill, Neteller, and Rapid Transfer to deposit and withdraw funds to the platform. Moreover, there is support for crypto transfers. However, note that you’ll have to bear the conversion fee for every deposit and withdrawal done in any other currency other than USD.
US customers can deposit funds to their accounts using debit cards, online banking, and wire transfer. More details on the minimum and maximum limits here. You can also transfer cryptocurrencies to your eToro Money crypto wallet by funding your eToro Investment account via wire transfer. However, if you’re a new user, there will be restrictions on the time and amount of transfers.
Free (FX Rates applicable)
$5 + FX Rates
Free (Blockchain Fee applicable)
Free (Blockchain Fee applicable)
On eToro, all transactions are processed using SSL technology to ensure that your personal information is safe. To handle external payment providers, the platform has partnered with a consortium of industry leaders, so you can rest assured about your assets’ data privacy and security.
The majority of cryptocurrencies stored on the platform are kept in cold storage, capably securing them from online threats. At the same time, all fiat deposits (USD only) are placed in FDIC-insured custodial accounts and have insurance for up to $250,000.
eToro is a well-known global TradFi platform that is based on social trading. eToro also offers cryptocurrency trading, including for most US customers.
eToro currently has 41 cryptocurrencies that you can trade. The platform accepts a wide range of fiat deposits and offers feeless management and commission-free investment opportunities. It also has the lowest withdrawal fees.
Almost every crypto asset traded on the eToro platform is kept in cold storage, eliminating the chances of theft. At the same time, all USD deposits are insured for up to $250,000 according to FDIC-insured custodial account policies.
To sell crypto, go to your Portfolio and choose the relevant token that you wish to sell. Follow the on-screen prompts to complete your sale.
Transfer cryptos by opening the “Crypto” tab on your eToro Money app, selecting the token type, and clicking Send. On the new page, enter the recipient address, then verify, and your transfer will be processed accordingly.
The platform currently supports 41 tokens, including BTC, ETH, SOL, XRP, XLM, EOS, and several others.
Use the eToro Money app to withdraw cryptocurrencies from your eToro wallet to any other external wallet.
Copy Trading allows you to copy and implement trade strategies of high-performance traders with just a click.
Yes, eToro is a fully licensed and regulated platform. It also uses hot and cold storage to secure crypto assets, and USD deposits are insured for added safety.
eToro charges for spreads, crypto transfers, crypto to crypto conversion, fiat withdrawals, and inter-wallet transfer.