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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.
4
Finder Rating
★★★★★
Supported cryptocurrencies
★★★★★
Transferring money or assets
★★★★★
Fees and costs
★★★★★
Ease of use
★★★★★
Customer service
★★★★★
Features
★★★★★
Staking/earn
★★★★★
Trustworthiness/security
★★★★★
How we rate our crypto exchanges and platforms
Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.
Our rating and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.
eToro pros and cons
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 80 cryptocurrencies, but some notable assets are missing. Namely, Tether, USDC and Lido Staked Ether, which are in the top 20 cryptos by market cap. In total, 13 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
XRP (XRP)
does not support
USDC (USDC)
does not support
Lido Staked Ether (STETH)
supports
Dogecoin (DOGE)
supports
Cardano (ADA)
supports
Solana (SOL)
does not support
Toncoin (TON)
supports
TRON (TRX)
supports
Polkadot (DOT)
supports
Polygon (MATIC)
supports
Litecoin (LTC)
does not support
Shiba Inu (SHIB)
does not support
Wrapped Bitcoin (WBTC)
supports
Bitcoin Cash (BCH)
supports
Chainlink (LINK)
does not support
Dai (DAI)
BTC
ETH
XRP
BCH
EOS
FET
LTC
ADA
XLM
MIOTA
TRX
NEO
DASH
ETC
BNB
ZEC
ZRX
MKR
DOGE
BAT
LRC
KNC
BNT
LINK
MANA
THETA
STORJ
ENJ
REN
AMP
DOT
ATOM
IMX
UNI
XTZ
FTT
FTM
ANKR
CRO
MATIC
ALGO
QNT
LPT
HBAR
SNX
CHZ
ARB
COMP
BAND
OXT
OGN
CTSI
SOL
BAL
UMA
YFI
SRM
CRV
AVAX
SUSHI
SAND
FIL
AAVE
AXS
SKL
GRT
1INCH
CELO
API3
ALICE
GALA
DYDX
SGB
ENS
BICO
SHIBxM
FLR
APE
LUNC
LUNA2
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 proof of identification). This can take quite a long 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.
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 centralized 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.
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.
Frank Corva is a cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets.
Learn about BitFinex cryptocurrency exchange where you can buy and sell 100+ coins and tokens. Discover features, fees and more in Finder’s BitFinex review.
Check out our complete review of Coinbase to see if it’s safe, weigh up pros and cons, compare fees and learn what you can do on it beyond simply buying cryptocurrency.
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