Check out our full list of pros and cons or read on.
1
Fiat currencies
19
Cryptocurrencies
| Product Name | eToro USA LLC Cryptocurrency Trading |
|---|---|
| Fiat Currencies | USD |
| Cryptocurrencies | BTC, ETH, BCH, XLM, DASH, LTC, ETC, ADA & 5+ more |
| Deposit Methods |
Wire transfer Online banking |
| Trading Fee | Fees vary |
| Deposit Fees | None. Minimum deposit amount is $50. |
| Withdrawal Fees | None. Minimum withdrawal amount is $50. |
If you visit the eToro site in the US, you’ll automatically go to the eToro USA site, which is the site we’re reviewing here. It has fewer features than the company’s global platform, but it abides by US laws and is accessible to US residents.
If you’re not a US resident and you’re looking for information on how eToro works in other countries, read our review of eToro’s global exchange.
The fees below are accurate as of March 11, 2021.
The trading fees on eToro USA take the form of a spread. The spread is the difference between the buy and sell price. So when you buy or sell, you are doing it slightly above or below the mid-market price, but without other fees.
| Cryptocurrency | Spread |
|---|---|
| BTC | 0.75% |
| ETH | 1.90% |
| LTC | 1.90% |
| BCH | 1.90% |
| EOS | 2.90% |
| XLM | 2.45% |
| ADA | 2.90% |
| TRX | 3.50% |
| XTZ | 5.00% |
| DASH | 2.90% |
| MIOTA | 4.50% |
| NEO | 1.90% |
| ETC | 1.90% |
| ZEC | 3.50% |
The minimum deposit amount is $50, and deposits can be made with online banking or wire transfer only.
Note that your bank may charge transfer fees.
Withdrawal is available through online banking or domestic wire transfer.
eToro USA does not charge any withdrawal fees, but your bank may charge a fee for receiving the money.
Deposits will often be completed within 24 hours, depending on factors such as which bank you use and whether it’s a business day.
Withdrawals are processed by eToro USA in one day, and then it takes 3 days for the bank to transfer it. Wire transfer withdrawals may take up to 7 days in total.
To create an account with eToro:
Once you’ve made a deposit, you can start trading. Explore the eToro USA social trading features, see what other traders are doing and buy or sell the available cryptocurrencies.
eToro is an international company with registered offices in Limassol (Cyprus) and London (UK). The eToro Group also has offices in Tel Aviv, New Jersey, Sydney and Shanghai. It’s best known for coining the “copy trade” feature, where users can copy other people’s trades.
eToro has been involved in Bitcoin and other cryptocurrencies since the early days and has taken an active role in the development of the technology.
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eToro USA LLC Cryptocurrency Trading
