Beginner-friendly crypto trading with generous educational resources but a high minimum deposit.
eToro’s crypto platform is hard to beat for new investors, offering both copy and social trading to jumpstart your portfolio. It offers generous investing tools and fantastic support through a strong crypto community. However, the minimum deposit of $100 to open the account is higher than some competitors, which may dissuade more budget-conscious investors. Its service area is also limited — there is no eToro crypto trading in Hawaii, Nevada, New York, Puerto Rico or the US Virgin Islands.
| Product Name | eToro USA LLC Cryptocurrency Trading |
| Fiat Currencies | USD & 25 more |
| Cryptocurrencies | BTC,ETH,BCH,XRP,ADA,LTC,DOGE,SHIB,AAVE,LINK,ETC,UNI,YFI,XLM,COMP,BAT,MKR,POL,MANA,CRV,QNT,STORJ,ENS,SUSHI & 81 more |
| Deposit Methods |
Bank transfer Debit card PayPal Wire transfer |
| Trading Fee | 1% |
| Deposit Fees | $0 |
| Withdrawal Fees |
To an external account: $5 USD to GBP/EUR: $0 |
eToro is worthy of consideration if you’re just starting your investment journey. One of eToro’s leading highlights is its community. Choose from social trading or copy trading — both are available. You can use a free virtual portfolio to practice trading using eToro crypto, stock and exchange-traded funds (ETFs). You can also try your hand at copy trading with its complimentary CopyTrader feature, allowing you to track and mimic successful investors.
eToro has several benefits, such as a user-friendly trading platform, excellent resources, few fees and special rewards with its eToro Club.
You can now stake select crypto assets on eToro. Staking lets you earn passive rewards on supported coins — currently cardano (ADA), ether (ETH), and Solana (SOL) — simply by holding them on the platform and locking them up for a set period. eToro has also stated that it plans to add more supported assets over time.
If you hold SOL or ADA, you’ll be automatically enrolled in staking. However, this feature is unavailable in the following states and territories as of September 2025: California, Hawaii, Maryland, Nevada, New Jersey, New York, Puerto Rico, US Virgin Islands, Washington and Wisconsin.
eToro maintains a user-friendly investing platform that enables both copy and social trading. Even better, it has one-click trading to speed up the process. Your eToro crypto wallet simplifies transactions, securely holding your money where you can access it.
With its user-friendly tools and generous library of resources, eToro is fantastic for newer investors. Its Smart Portfolios feature allows you to access investment portfolios specifically created by eToro experts, giving you immediate direction for your investments. Plus, with the ProCharts and Tipranks Research Tab, you can benefit from expert insight from top analysts.
Overall, eToro offers very few fees. It is one of the best cheap stock brokers, charging low commissions of a dollar or two for stocks with zero commission on ETFs and a 1% buy/sell fee for crypto. There are no account opening or management fees, and eToro skips the deposit fees when you use the same currency as your eToro account.
For its high-wealth users, eToro offers its eToro Club, a membership program that gives members access to exclusive resources and tools.
Enrollment is automatic based on your balance, with each tier receiving increasing premium perks and features like free subscriptions to premium content and exclusive investing tips. Members also are invited to VIP events where they can network with special guests.
eToro Club
| Tier | Balance requirement |
|---|---|
| Silver | $5,000 |
| Gold | $10,000 |
| Platinum | $25,000 |
| Platinum+ | $50,000 |
| Diamond | $250,000 |
eToro also has some drawbacks, such as a limited service area, a mandatory minimum deposit and fewer advanced resources than some competitors.
Unfortunately, eToro is not available everywhere. Users in Hawaii, Nevada, New York, Puerto Rico and the US Virgin Islands cannot use the platform for crypto trading. For those looking to open a Pro account, it is only available to EU and UK users, not those in the US.
While it accommodates the majority of the country, it does neglect a large number of users who might want these resources in their crypto platform.
To get started on eToro, you must deposit at least $100 into your account. To compare, Gemini does not have a minimum deposit at all. This requirement might be enough to make new investors look for another brokerage with a more affordable entry point.
Beyond crypto trading, eToro offers many popular investment options for its users, but others are noticeably missing. There are no mutual funds or futures contracts available.
eToro prioritizes resources and support, but they are largely for newer investors. More experienced investors may be disappointed by eToro’s simplicity and lack of advanced features. In this case, a platform like Interactive Brokers may be better with its expanded trading options, paper trading and available desktop downloads for both Windows and Mac.
Today, eToro works in accordance with FINRA, SIPC and SEC regulations while protecting its data with SSL encryption. It employs advanced security protocols with military-grade offline, aka ‘cold,’ storage to protect your data.
In September 2024, eToro settled with the Securities and Exchange Commission (SEC) for $1.5 million. Although it did not agree to or deny the charges, it agreed to pay the penalty for the charges, stating that it operated as an unregistered broker and unregistered clearing agency through its trading platform. As a result, certain eToro cryptocurrencies were removed from trading.
eToro has significantly increased its crypto offerings in recent months, expanding to over 60 supported assets.
Signing up for an eToro account is a quick and straightforward process that takes just a few minutes.
In accordance with the Know Your Customer (KYC) process, new investors will also be required to provide Proof of Identity (valid passport, driver’s license or other officially-issued photo ID) and a Confirmation of Residence (for example, a utility bill dated within the last three months).
| BBB accredited | No |
|---|---|
| BBB rating | F |
| BBB customer reviews | 1.13 out of 5 stars, based on 8 customer reviews |
| Trustpilot score | 4.1 out of 5 stars, based on 26,049 customer reviews |
| App Store Score | 4.4 out of 5 stars, based on 32 customer reviews |
| Google Play Score | 3.8 out of 5 stars, based on 144,000 customer reviews |
| Customer reviews verified as of | 18 February 2025 |
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. Select Go to site to sign up for an account.
Yes, eToro is legal in the US after paying a fine to the SEC for operating as an unregistered broker and unregistered clearing agency through its trading platform. eToro now operates in accordance with FINRA, SIPC and SEC regulations.
Yes, you can make money on eToro with its intuitive investing platform and expert resources, but it comes with a risk because you can also lose money, too. Before investing, it is always best to do your due diligence and talk to a financial advisor for personalized advice.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Lena Finder
Contributor
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