- Great with flexible trading as you can find a wide range of asset types in one place.
- Not so great with fees because there are a lot of costs to watch out for.
See our full list of pros and cons below.
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eToro cryptocurrency review
- Fiat currencies
- 6
- Supported assets
- 106
This is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Our verdict
Dive into the details of eToro Crypto and discover if the cryptocurrency exchange is right for you.
Finder Awards 2023 winner
eToro is an exchange on which you can trade both traditional assets and crypto.The exchange is great for beginners and even some more advanced users, as both the web and mobile interface are highly-intuitive and user-friendly without sacrificing features.
Some of these features include eToro’s “social trading” network where traders can share ideas as well as its Copy Trading function, which allows you to automatically make the trades of traders you choose to emulate. On the downside, the fees for trading crypto are relatively high and the exchange is not available in all US states.
Pros
-
Tiered membership benefits. You obtain different benefits on eToro by keeping different dollar amounts of fiat currency plus equity on the platform. Benefits include access to customer success agents and a subscription to The Wall Street Journal, among others.
Cons
-
Crypto on eToro is not insured. The crypto that you leave in eToro’s custody isn’t insured. This means that if eToro goes insolvent or is hacked, you will have little recourse to retrieve your digital assets.
Details
Product details
| Product Name | eToro USA LLC Cryptocurrency Trading |
| Fiat Currencies | USD & 5 more |
| Cryptocurrencies | BTC, ETH, XRP, BCH, EOS, LTC, XLM, NEO, ETC, ZEC, MKR & 95 more |
| Deposit Methods |
Bank transfer Debit card PayPal Wire transfer |
| Trading Fee | 1% fee for buying or selling cryptoassets |
| Deposit Fees | None. Minimum deposit amount is $10. |
| Withdrawal Fees | None |
eToro was the winner of the Beginners and Instant Purchases awards in the Finder Crypto Trading Platform Awards 2023.
Finder Score
★★★★★About eToro — company background
eToro Crypto is an experienced player in the digital trading market, having been founded in 2007. Though it started in Tel Aviv, Israel, eToro has gone international, with headquarters in Cyprus, Britain, the US and Australia among others.
The platform is known for its wide range of features, notably “social trading.” This gives users the ability to track, interact with and copy other traders on eToro. In that sense, eToro is like social media for investors.
The fee structure can be confusing, and there isn’t the huge range of cryptocurrencies that you might see on other popular exchanges. However, eToro compensates by presenting its users with a suite of advanced features, such as contracts for derivatives trading and copy trading. eToro also offers customers the ability to add traditional stocks and commodities to their crypto portfolios (or vice versa).
Listed eToro crypto exchange assets
eToro supports over 106 cryptocurrencies, but some notable assets are missing. Namely, Tether, Lido Staked Ether and USDC, which are in the top 20 cryptos by market cap. In total, 14 of the top 20 cryptos are available on eToro.
Popular assets on eToro supports
Bitcoin (BTC) supports
Ethereum (ETH) does not support
Tether (USDT) supports
BNB (BNB) supports
Solana (SOL) does not support
Lido Staked Ether (STETH) does not support
USDC (USDC) supports
XRP (XRP) supports
Dogecoin (DOGE) does not support
Toncoin (TON) supports
Cardano (ADA) supports
Avalanche (AVAX) supports
TRON (TRX) does not support
Wrapped Bitcoin (WBTC) does not support
Shiba Inu (SHIB) supports
Chainlink (LINK) supports
Polkadot (DOT) supports
Bitcoin Cash (BCH) supports
NEAR Protocol (NEAR) supports
Uniswap (UNI)eToro fees
Deposit & withdrawals fees
| Transaction type | Fee |
|---|---|
| Deposit funds | None. Minimum deposit amount is $10. |
| Withdraw funds | None |
| Other fees | 0.1% crypto-to-crypto conversion fee. $10 USD monthly inactivity fee after 12 months of inactivity. |
eToro deposit methods
- Bank transfer
- Debit card
- PayPal
- Wire transfer
How to sign up on eToro exchange
Before you can even get started trading on eToro, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is eToro's commitment to certifications and compliance with regulations and insurers.
- Get started
After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your eToro account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on eToro.
Using the eToro app
Download the eToro Crypto app on Android and iOS.
Is eToro safe?
eToro’s airtight track record suggests it is safe for beginners. As far as cryptocurrency investment goes, cryptocurrency is an extremely volatile asset and there is risk no matter which exchange you use to buy it.
eToro is a trustworthy platform with excellent security measures in place to prevent fraud and theft. It’s been running for 15 years without a major hacking or fraud incident. eToro is regulated by relevant government authorities, undertakes regular third-party audits and offers insurance to all of its clientele.
Past hacks No hacks have ever taken place on the eToro platform.
Security audits eToro has a dedicated audit and risk committee. Also, its financial records are frequently audited by Ernst & Young.
Insurance eToro provides all of its clients with free insurance from specialist insurer Lloyd’s of London. This covers theft, hacking and insolvency losses up to $1 million.
Keeping your crypto secure
All centralised exchanges, including eToro, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $149 |
Price (USD) $49.99 |
See more of the best crypto wallets
eToro customer support
eToro offers live customer support for users that have deposited money into their accounts.
They also run a “ticket system" where you can email unique enquiries to the team who will typically reply within 24 hours.
A thorough help center exists that will answer most questions.
How to reach eToro customer support
- Support ticket
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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Alternatives to eToro
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eToro USA LLC Cryptocurrency Trading is not currently available on Finder
Have you considered Kraken Cryptocurrency Exchange?
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
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