In this guide

  • Our verdict
  • Details
    • Product details
  • Frequently asked questions
  • Your reviews
eToro UK Cryptoasset Investing
3.8
★★★★★
Finder score
Capital at risk
Fiat currencies
21
Supported assets
76

Our verdict

Trade a wide range of cryptocurrencies on this popular social trading platform.

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.

eToro is secure and user-friendly. Its intuitive UI and copy trading make it a brilliant choice for beginners. Our main concerns are its high trading fees. If you’re looking to get started in crypto, then eToro is a solid option. That said, if you’ve been around crypto for a while and are comfortable with advanced UIs, you may find a better option elsewhere. If that sounds like you, read our best crypto exchanges comparison to discover the best crypto exchanges around.

Pros

  • Copy trading features
  • Well-trusted exchange
  • Easy to navigate
  • Insurance fund
  • Tiered membership options for advanced traders

Cons

  • No live chat for customers without a deposit
  • Non-US customers pay extra exchange fees
  • Limited altcoin representation

In this guide

  • Our verdict
  • Details
    • Product details
  • Frequently asked questions
  • Your reviews

Details

Product details

Product Name eToro UK Cryptoasset Investing
Fiat Currencies EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK, RMB, THB, IDR, MYR, VND, PHP, SEK, DKK, NOK, PLN, CZK, PEN, MXN, QAR, BHD, OMR, AED
Cryptocurrencies BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM & 66 more
Deposit Methods Bank transfer
Debit card
eToro Money
Trading Fee 1% plus spread
Deposit Fees None
Withdrawal Fees $5 (min. withdrawal $30)
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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Finder ratings for eToro Crypto

Supported cryptocurrencies★★★★★
Transferring money or assets★★★★★
Fees and costs★★★★★
Ease of use★★★★★
Customer service★★★★★
Features★★★★★
Staking/earn rating?N/A
Trustworthiness/security★★★★★
Overall score3.8

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, the UK, the US and Australia among others.

The platform is known for its wide range of features, notably its CopyTrader feature for “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.

eToro also offers stocks and shares – we’ve reviewed its share trading platform in a separate eToro review.

eToro UK is registered with the UK financial regulator, the Financial Conduct Authority (FCA). Crypto trading isn’t regulated, but the FCA keeps a register of firms and they must pass checks for anti-money laundering and anti-terrorism activity.

  • If this is your first exchange: eToro’s social trading feature is naturally appealing for first-time traders as it gives you 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 features like the training academy and free demo account useful, allowing them to deepen their understanding of crypto trading. That said, the fee structure isn’t completely transparent and trading on the platform can be a bit pricier than some alternatives.
Go to eToro's website
Capital at risk

What to know about eToro Crypto

If you’re looking for community support, then eToro has lots of options. Alongside its CopyTrader feature it also has a social investing community that connects investors with one another through a social-media type news feed.

One key thing to note is that 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 CopyTrader for crypto

eToro’s CopyTrader 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.

eToro fees and costs for crypto

With eToro, you’ll pay a withdrawal fee of US$5, along with an exchange fee for deposits/withdrawals in fiat currencies other than US dollars.

Fiat withdraw and deposit fees

DepositWithdrawal
Free with eToro Money, 1.5% to 3% conversion fee for non-US$US$5 + conversion fee

Unlike its commision-free stocks offer, eToro then charges a buy/sell fee of 1% on crypto trades and a cryptoasset transfer fee of 2% when you move your cryptoassets to your eToro Money crypto wallet.

Transferring fiat and cryptocurrency

eToro Crypto offers close to the broadest range of fiat withdrawal/deposit options of any cryptocurrency exchange. Customers from nearly every supported nation will find an instant web transfer option available to them.

Transferring cryptocurrency to eToro’s external wallet is much less efficient and will incur a fee. It’s also worth noting that you cannot transfer cryptocurrencies from the eToro wallet back onto the exchange. Also, that eToro’s token conversion service is no longer available, so you’re unable to convert any cryptoassets held on the wallet to other cryptocurrencies.

You can, however, send and receive supported cryptocurrencies from other wallets using the eToro Money crypto wallet.

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 centre exists that will answer most questions.

Support offeredWait times
Contact us formcheck6+ hours
Live chatcheck

List of services on eToro Crypto

Visa on eToro

British eToro members that have 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.

Trust rating

eToro UK is registered with FCA. Registered firms have to pass checks for anti-money laundering and anti-terrorism activity.

eToro is a trustworthy platform with excellent security measures in place to prevent fraud and theft. It has been running for 17 years without a major hacking or fraud incident. eToro 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 audited annually.

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

  • Step 1. Getting started is simple. Navigate to the eToro home page and select “Sign up” and then fill out the relevant details.
  • Step 2 (KYC). Next, verify your email address and begin the KYC (know your customer) process.This includes filling out your residential address and passport number. 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 licence or passport.
  • 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. As a UK investor, you will also need to answer a short quiz about your knowledge of the risks involved in investing in crypto.
  • Step 4. Once eToro has verified your account, you will be able to begin trading.
Go to eToro's website
Capital at risk

Compare eToro Crypto to other cryptocurrency exchanges

Table: shows partner brands and other brands, sorted by popularity
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 3 of 6
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro UK Cryptoasset Investing
Bank transfer, Debit card, eToro Money

21

76

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Capital at risk

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Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

7

238

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Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay

27

214

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Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Crypto platform news & launches

Frequently asked questions

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply. Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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