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eToro Crypto review

Dive into the details of eToro Crypto and discover if the cryptocurrency exchange is right for you.

  • 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.

4.0 ★★★★★ (1 review) Write a review

1

Fiat currencies

25

Cryptocurrencies

Details

Product Name eToro USA LLC Cryptocurrency Trading
Fiat Currencies USD
Cryptocurrencies BTC, ETH, LTC, ETC, DASH, BCH, XLM, NEO, EOS, MIOTA & 10+ more
Deposit Methods Wire transfer
Online banking
Trading Fee Fees vary
Deposit Fees None. Minimum deposit amount is $10.
Withdrawal Fees None. Minimum withdrawal amount is $50.

Pros

  • Multi-asset exchange
  • Social trading features
  • Demo account available

Cons

  • Fewer cryptocurrencies available than some exchanges
  • $10 account minimum
  • Fees vary by asset

Disclaimer: This page 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.

What is eToro Crypto?

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).

Learn more about the stock trading features in our review of eToro’s stock trading platform.

  • If this is your first exchange: The social trading feature on eToro is naturally appealing for first-time traders as it gives them a sense of what experienced investors are looking for. However, this can be dangerous for beginners as it discourages independent research. If you simply want to buy and sell major cryptocurrencies, eToro is a fine option.
  • If you’re switching exchanges: More experienced users will find the ability to trade foreign assets appealing. That said, the fee structure isn’t completely transparent and trading on the platform can be a bit pricier than some alternatives.

Pros and cons of eToro Crypto

Pros

  • Unique features like copy trading
  • Long-running and large clientele – a well-trusted exchange
  • Easy to navigate
  • Insurance fund
  • Tiered membership options for advanced traders

Cons

  • No live chat for customers without a deposit
  • Higher spreads than other exchanges
  • Non-US customers pay extra exchange fees
  • Limited altcoin representation

Verdict: Is eToro Crypto any good?

Creating a platform that is suitable for both beginners and advanced cryptocurrency traders is a difficult task, but eToro Crypto has done an admirable job. eToro has created one of the most active social trading networks in the world and finds a good balance between complex features and an intuitive UI. However, the exchange fees can be crippling and make it a less optimal choice for non-US users.

Go to eToro's website

What to know about eToro Crypto?

eToro uses spreads in its pricing. Spreads are the difference between a buy and sell price — which essentially becomes a fee on all cryptocurrency trades. Additionally, all transactions made on the platform are done in US dollars. This means that deposits and withdrawals in different currencies are subject to exchange rates, which can slash potential profit margins for lower-volume traders.

eToro’s copy-trading feature doesn’t just let you view and mirror someone else’s trades. Instead, think of it like investing in that user. It’s an automated process that follows the copied trader’s positions, whether new or historic (but active). That said, copiers can manually close specific trades or stop the copy-trading process at any time.

Finder ratings for eToro Crypto

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Fees and costs

eToro is known for providing commission-free trading to its customers on stocks and commodities. Instead, its cryptocurrency fee structure relies on variable “spreads” that can be as high as 4.9% on trades.

There is a withdrawal fee of US$5, along with an exchange rate fee for deposits/withdrawals in fiat currencies other than US dollars.

Fiat withdraw and deposit fees
DepositWithdrawal
Free$5 USD

What is it like to use eToro Crypto?

User dashboard
The dashboard is the first thing you will see when you log into your eToro account. It works a lot like a news feed and provides you with updates on your social circle.
eToro User Dashboard

Customer service
Users can find answers to the most common questions as well as access live support on the same page.
eToro Customer service

Markets
eToro users can refine their “watchlist” to a specific set of assets. Once set, they can watch the market move live, without having to constantly refresh the page.
eToro Markets

eToro money card
Users can sign up for an eToro money account card, which lets them make transactions across the globe. This feature is only available for UK users.
eToro money card

Virtual trading
eToro offers its customers $100,000 fake dollars to “virtually trade.” This gives newcomers trading experience without putting themselves at risk of financial loss.
eToro money card

Does eToro have good 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.

Support offeredWait times
Contact us formcheck6+ hours
Live chatcheck

List of services on eToro Crypto

Earning on eToro

eToro gives its customers the option to stake their crypto assets.
This process is done by the eToro team on behalf of the user and is only available for a select few cryptocurrencies (Ethereum, Cardano and Tron).

eToro takes a percentage of the monthly yield from staked assets, ranging from 10% to 25%.

Visa debit/credit on eToro

British eToro members that have subscribed to their Club program are given access to a debit card associated with their eToro Money accounts. These cards can be used like any normal Visa — internationally, digitally and in-store.

Promotions on eToro

eToro has a long-running “Refer-a-friend” promotion accessible to US residents. Customers who sign up a new user that makes a trade of at least $100 will receive a $50 reward.

Trust rating

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.

Signing up on eToro Crypto

Go to eToro's website

Step 1

Getting started is simple. Navigate to the eToro home page and select Sign up and then fill out the relevant details.
eToro Step 1

Step 2 (KYC)

Next, verify your email address and begin the KYC (know your customer) process.

This includes the following:

  • Filling out your residential address and passport number.

eToro Step 2

Typically, this will be enough to get verified on eToro. Occasionally, this process will fail and you will need to provide images of government-issued identification like a driver’s license or passport.

Step 3

eToro Step 3
Complete your profile by answering the “Trading Knowledge Assessment” questionnaire. This process determines how experienced you are and therefore what products and features eToro will offer you.

Step 4

Once eToro has verified your account, you can begin trading.
eToro Step 3

Compare eToro Crypto to other cryptocurrency exchanges

1 - 3 of 24
Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX.US Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Wire transfer
USD, AUD, EUR, CAD, GBP, SGD

39
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX exchange offers a range of cryptocurrencies, up to 10x leverage, access to global liquidity, no-fee debit cards for FTX users, fee-free first ACH deposit and benefits for FTT token holders.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

151
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
eToro USA LLC Cryptocurrency Trading
Wire transfer, Online banking
USD

25
cryptocurrencies

New customers earn up to 12% on initial deposits. The more you deposit, the more you earn.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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