Check out our full list of pros and cons or read on.
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Fiat currencies
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Cryptocurrencies
| Product Name | eToro Cryptocurrency Trading & CFDs |
|---|---|
| Fiat Currencies | EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more |
| Cryptocurrencies | BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM & 5+ more |
| Deposit Methods |
Bank transfer Credit card Debit card Neteller PayPal Online banking Skrill |
| Trading Fee | Fees vary. Overnight and weekend fees apply |
| Deposit Fees |
Fees vary (conversion fees for non-USD deposits)
(US$200 minimum deposit) |
| Withdrawal Fees | US$5 (minimum withdrawal of US$50) |
Launched in 2007, eToro is best known as a social trading platform that caters to traders of all experience levels. It encourages users to seek advice from each other and offers the CopyTrader service, which lets users copy the trades of leading investors.
Beyond cryptocurrency, eToro provides access to other markets including stocks, commodities and foreign currency.
eToro lets you buy cryptocurrencies or trade contracts for difference (CFDs) – the two are very different.
We have more than 10 million users, so each and every coin that we introduce to the platform has very high demand – Guy Hirsch, eToro US managing director
eToro is available in many countries around the world, including India. However, it is not available to residents in certain regions.
The below payment method information is correct at the time of writing, but may be subject to change. The first deposit may be limited to lower amounts, and certain payment methods may restrict the maximum number of deposits per day.
| Deposit method | How long it takes | Limit per transaction |
|---|---|---|
| Credit/debit card (Visa, Mastercard, Diner’s Club) | Instant | US$20,000 |
| PayPal | Instant | US$10,000 |
| Wire Transfer | 3-5 business days | US$100 million |
| Local online banking | Instant | US$10,000 |
| China Union Pay | Varies | US$50,000 |
| Skrill | Instant | US$10,000 |
| NETELLER | Instant | US$10,000 |
| Yandex | Up to 5 business days | RUB5,000 |
| Giropay | Up to 1 business day | US$30,000 |
Fees do not apply to non-leveraged buy positions on individual cryptocurrencies, but they do apply to leveraged buy positions, sell positions and all crypto pair positions, including overnight rollover fees.
All fees are current at the time of writing, but are subject to change at any time.
eToro minimum and maximum first-time deposit limits may vary depending on your country and account verification status, while the conversion fees incurred will depend on the transfer method and the currency.
For a full breakdown of fees, please see eToro’s website.
A pip is a forex term that refers to the smallest measurable price change of a foreign currency trade.
The actual value of a pip, in dollar terms, will vary depending on the currencies involved, how prices change and the size of the “lot” – in this case how much you’re depositing or withdrawing.
For example, the US$1,000 AUD/USD pip value on eToro is 10 cents at the time of writing.
So, a US$1,000 withdrawal would incur a conversion fee of US$10 (100 pips).
Wire deposits will take up to five business days, but many other deposit options can instantly put money in your account.
The time taken to transfer cryptocurrency in and out of eToro will vary depending on network activity, the cryptocurrency and other factors. Generally it should be no more than a few minutes though.
Withdrawal times depend on the method used and will be one to two days at the quickest or up to eight days for wire transfers at the upper end.
Sign up to get started or explore the site to copy other traders, look for tips from users and more.
Browse the marketplace to find current trading info, filter the findings to get what you’re looking for and set up alerts, news feeds and more through your account.
Search for other people trading cryptocurrency, see how and what they’re doing, filter the results and join the community.
See what the most (or least) successful traders are doing with their portfolios on eToro.
eToro is a major player in the cryptocurrency ecosystem through charitable efforts such as the GoodDollar universal basic income project, which leverages cryptocurrency technology with the goal of helping ease global wealth inequality.
It also offers a range of features that go beyond the norm and brings its experience in more traditional markets to the world of cryptocurrency.
