Introduction

A variety of crypto assets can be traded on the eToro platform and this includes the most popular ones like Bitcoin, Ethereum and Ripple.

If you’re interested about investing in digital coins via this broker’s platform and other crypto-related services then continue reading this article to know more.

💰 Minimum Investment $10
₿ Tradable Crypto 80+
💸 Coin Transfer Fee 2% of transaction size
📈 Spreads 1%
eToro Crypto Trading Details

Already considering to trade crypto with eToro? Sign-up here.

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Crypto Trading

So, how do you trade crypto currencies with eToro? There are currently 2 ways to do it:

  1. By buying and selling the cryptocurrency
    When you’re actually buying crypto, you are basically paying fiat currencies like US dollars or euros to purchase the tokens.
    Via this method, eToro will buy these tokens for you and will place them in a separate account that still belongs to you. If its value goes up, you make a profit. If the value goes down, you will incur a loss.
    • Transfer to a wallet
    • Send to another user that has a wallet that supports this crypto
    • Convert to another cryptocurrency
    • Pay for goods or services that accept this crypto

  2. Via contracts for difference (CFDs)
    With CFD, you are trading on cryptocurrency’s future price movements without the need to own the crypto asset.
    Using this form of derivative, you can make profits from both upward and downward price movements and this can be the result:
    1. If you predict that the cryptocurrency’s value will go up and you decided to place a Buy CFD position.
    2. If you predict that the cryptocurrency’s value will go down and you decided to place a Sell CFD position.

    Take note:
    With CFDs, you are not actually owning the cryptocurrencies you are trading so there are no tokens that can be transferred to a wallet.

Which Cryptocurrencies Does eToro Support?

Currently, there are over 50 tradable crypto assets available on the online platform and most of these are the most popular ones or those that have the largest market capitalizations (or market cap).

Note: New cryptos maybe added and some existing products could be removed from the list depending on the market conditions.

Crypto Asset Symbol
1inch 1INCH
Aave AAVE
Algorand ALGO
Avalanche AVAX
Axie Infinity AXS
Basic Attention Token BAT
Binance Coin BNB
Bitcoin BTC
Bitcoin Cash BCH
Cardano ADA
Celo CELO
Chainlink LINK
Chiliz CHZ
Compound COMP
Cosmos ATOM
Curve CRV
Dash DASH
Decentraland MANA
Dogecoin DOGE
Enjin ENJ
EOS EOS
Ethereum ETH
Ethereum Classic ETC
Fetch.ai FET
Filecoin FIL
The Graph GRT
Hedera Hashgraph HBAR
IOTA MIOTA
Litecoin LTC
Maker MKR
NEO NEO
Polkadot DOT
Polygon MATIC
Quant QNT
REN REN
Ripple XRP
The Sandbox SAND
Shiba Inu (in millions) SHIBxM
Solana SOL
Spark FLR
Stellar Lumens XLM
Sushiswap SUSHI
Synthetix SNX
Tezos XTZ
TRON TRX
Uniswap UNI
Yearn.finance YFI
Zcash ZEC
Tradable cryptocurrency assets available on eToro's platform

Can I Buy Cryptocurrency on eToro?

Yes. As an eToro client, you will be able to buy cryptocurrency via their trading platform. Take note that clients from some countries are not allowed to buy cryptocurrencies outright due to regulation.

Buying Bitcoin (BTC) on the eToro platform
Buying Bitcoin (BTC) on the eToro platform

Fees to Pay

eToro only charges via spreads. There are no feeds for trading cryptocurrencies or even when you’re going to make a deposit on your account in US dollar.

Spreads for Trading Crypto

eToro offers competitive spreads for all the cryptocurrencies it supports, with a fixed 1% spread for buying or selling cryptocurrencies. This means that when you buy or sell a cryptocurrency on eToro, you will only pay a 1% spread on top of the market price. This transparent and straightforward fee structure makes it easy to understand the costs of trading cryptocurrencies with this broker.

Crypto Stop Loss

A Stop Loss can be used to add protection when trading crypto assets with eToro so you can lessen the losses in case the value of the coin goes against you.

How does it work?
With this risk management tool, it triggers the platform to automatically close a trade when the instrument’s value has met the specific price that was set.

Minimum Stop Loss

By default, no stop losses are applied on cryptocurrency trades but you can set it based on a particular value or based on the cryptoasset’s price once the position has been opened.

Profiting Trades: For profiting crypto trades, the minimum amount that can be set on the Stop Loss is the current trade’s price minus 25% of the initial investment’s price.

Minimum Stop Loss = Profit - (Initial Investment X 0.25)

Losing Trades: On the other hand, for losing trades, the minimum allowed amount for the Stop Loss is 25% of the initial investment’s price.

Minimum Stop Loss = Initial Investment X 0.25

In addition:
For losing crypto trades that have incurred a loss higher than 25% of the initial investment’s price, the lowest amount that can be set for the Stop Loss is the crypto’s current market value +1 pip.

Best Crypto Traders: Where are They?

Successful and well-seasoned crypto traders can be found on eToro’s social investment network.

Via the CopyTrader feature, you will be able to see their activities in real time and have the option to automatically copy their trading strategies so when they are trading crypto, you will be trading the same asset as well.

Their profiles can be viewed by opening the platform, clicking on “Copy People” and setting the following filters:

  1. Choose “Crypto” for “Who Invest In”.
  2. Set the percentage you prefer for “Gained At Least”.

This will give you a table of profiles of the top performing traders based on a specific period which you can set to last month, current quarter, last 3 months, last 6 months, last 12 months or last 2 years. You can also further set the filter to show you a custom list of the best cryptocurrency traders based a specific country.

Top crypto traders on eToro's platform
Top crypto traders on eToro's platform
*Past performance is not an indication of future results

Crypto SmartPortfolios

eToro offers a range of pre-made cryptocurrency portfolios called SmartPortfolios, which are designed to simplify the process of investing in cryptocurrencies. These are professionally managed by their investment team and are comprised of a diverse selection of cryptocurrencies.

eToro Napoleon-X smart portfolio
eToro Napoleon-X smart portfolio

Here are some of the crypto portfolios that they offer:

  • Napoleon-X: This portfolio is managed by Napoleon Asset Management, a company with extensive experience in managing algorithmic trading strategies. The Smart Portfolio is based on the NapoleonX Cryptocurrency Index, which is comprised of a basket of cryptocurrencies that are selected based on their market capitalization and liquidity.

  • Crypto-currency: This is a basket of cryptocurrencies based on various criteria such as market capitalization, liquidity, and other fundamental factors. The Smart Portfolio is designed to provide investors with exposure to a range of cryptocurrencies, while also minimizing risk through diversification.

  • Big-Crypto: It consists of a diversified mix of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and other altcoins. The portfolio is rebalanced periodically to adjust for changes in market conditions and ensure that it remains aligned with the overall investment strategy.

  • CryptoPortfolio: It consists of a range of cryptocurrencies that have been selected based on a proprietary algorithm that takes into account factors such as market capitalization, liquidity, and trading volume.

  • Balance-Crypto: This portfolio invests in a variety of cryptocurrencies selected from the eToro crypto universe, with an emphasis on achieving a balanced allocation. Each asset in the portfolio is given equal weight to ensure a diversified investment approach. The asset allocation is determined based on the constraints and availability of eToro US

  • CryptoEqual: The portfolio provides equal exposure to each cryptocurrency, ensuring that investors have a balanced investment approach.

  • Scalable-Crypto: It consists of a range of cryptocurrencies that have been selected based on their potential for scalability and long-term growth. The portfolio includes cryptocurrencies that have been designed to scale effectively, such as Ethereum, and those that are focused on improving transaction speeds, such as Litecoin.

  • DAO-Portfolio: This one provides exposure to a diversified range of decentralized autonomous organizations (DAOs). It is designed for investors who want to invest in the growing sector of DAOs but lack the time or expertise to research and manage individual investments.

  • DeFiPortfolio: This is a mix of DeFi projects that have been selected based on various factors, including market capitalization, liquidity, and the project's overall potential for growth and success.

  • TheTIE-LongOnly: It provides exposure to a diversified range of cryptocurrencies selected based on insights and analytics provided by The TIE. The TIE is a leading provider of cryptocurrency data, analytics, and social sentiment insights.

Stablecoins

eToro currently does not offer stablecoins on its platform. Stablecoins are digital currencies that are designed to maintain a stable value, usually by being pegged to a traditional currency like the US dollar.

It's worth noting that eToro regularly updates its offerings based on market demand and user feedback, so it's possible that stablecoins could be added to the platform in the future. For now, though, you can explore other cryptoassets and instruments so there are still plenty of choices if you're looking to diversify your portfolio.

Crosses: Commodities, Currencies and Crypto

For the cryptoasset class, traders will be able to invest not just on crypto coins but also on cross instruments that are related to cryptoassets.

Cross Type Assets
Commodity Crosses GOLDBTC
Crypto Crosses BCHLTC, BTCEOS, BTCXLM, EOSXLM, ETHBTC, ETHEOS, ETHXLM, XRPDASH, ZECBCH, ZECDASH, ZECETH, ZECLTC, ZECXLM, ZECXRP
Currency Crosses BCHAUD, BCHCAD, BCHCHF, BCHEUR, BCHGBP, BCHJPY, BCHNZD, BTCAUD, BTCCAD, BTCCHF, BTCEUR, BTCGBP, BTCJPY, BTCNZD, DASHAUD, DASHCHF, DASHEUR, DASHGBP, DASHJPY, DASHNZD, EOSGBP, EOSJPY, ETCAUD, ETCCAD, ETCCHF, ETCEUR, ETCGBP, ETCJPY, ETCNZD, ETHAUD, ETHCAD, ETHCHF, ETHCNH, ETHEUR, ETHGBP, ETHJPY, ETHNZD, LTCAUD, LTCCAD, LTCCHF, LTCEUR, LTCGBP, LTCJPY, LTCNZD, XLMAUD, XLMCHF, XLMEUR, XLMGBP, XLMJPY, XLMNZD
Tradable cryptoasset crosses on eToro's platform

Look:
Due to regulatory constraints, these particular crosses might not available for trading. If your account is restricted from investing on the cryptoasset, the buy and sell buttons are disabled. That means you are only limited to view them, monitor their price movements and interact with other users via its feeds.

Clicking on the buy/sell buttons of any of these assets will automatically trigger this pop-up notice:

Specific eToro cryptoassets restricted in view-only mode
Specific eToro cryptoassets restricted in view-only mode

eToro Money Crypto Wallet: What is It?

This is a digital safe for storing a cryptocurrency such as Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, and XLM. This can be used for sending and receiving digital currencies.

The secured wallet supports more than 120 cryptocurrencies and can change over 500 crypto pairs.

eToro Wallet app
eToro Wallet app

Interested to have your own eToro Wallet? Click on the button to get started.

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How to Transfer Crypto from eToro to Wallet?

If you want to transfer the cryptocurrency that you invested on from your eToro portfolio to eToro’s wallet, follow these steps:

  1. Open the platform and click on “Portfolio”.
    eToro Portfolio page
    eToro Portfolio page
  2. Select the specific open crypto position.
    Open XRP crypto positions in eToro
    Open XRP crypto positions in eToro
  3. Click on the wheel icon of the particular position. An “Edit Trade” screen will open.
    Wheel icon for the open XRP crypto position in eToro
    Wheel icon for the open XRP crypto position in eToro
  4. Click on “Transfer to Wallet”.
    "Transfer to Wallet" link in eToro's Edit Trade window
    "Transfer to Wallet" link in eToro's Edit Trade window
  5. The next screen will show the amount invested, the number of units that can be transferred, the fees and the total amount of that specific crypto that will be transferred to your wallet.

Crypto Price Alerts

To set up price alerts for cryptocurrencies on eToro, follow these simple steps:

  1. Open the eToro app or website and log in to your account.
  2. Navigate to the cryptocurrency you wish to set a price alert for and click on it.
  3. On the cryptocurrency's page, click on the "Set Price Alert" button located beneath the price chart.
  4. Set the price level you want to receive an alert for. You can choose from "Above" or "Below" the current market price.
  5. Click on the "Create Alert" button to save your alert.

Once your price alert is set up, you will receive a notification via email or the eToro app if the price of the cryptocurrency reaches the level you specified. You can edit or delete your price alerts at any time by going to the "Portfolio" section on the eToro app or website and clicking on the "Alerts" tab.

Frequently Asked Questions (FAQ)

Below are some frequently asked questions regarding eToro's cryptocurrency services, along with the corresponding answers.:

Does eToro provide any trading tools for cryptocurrency traders?
Yes, eToro provides trading tools for cryptocurrency traders, including advanced charts, price alerts, CopyTrader, market news and analysis, and one-click trading. These tools are available on both the eToro app and website.

How does eToro handle cryptocurrency forks and airdrops?
eToro generally supports cryptocurrency forks and airdrops, but the specific approach can vary depending on the individual case. They may also choose not to support a particular fork or airdrop if it is deemed too risky or has insufficient demand. eToro generally communicates any updates or changes related to cryptocurrency forks and airdrops to its users through email or its platform.

What is the difference between buying and trading cryptocurrencies on eToro?
On eToro, buying cryptocurrencies means purchasing the actual cryptocurrencies and holding them in your eToro wallet, while trading cryptocurrencies involves speculating on their price movements without actually owning the underlying asset.

How long does it take for a cryptocurrency transaction to be processed on eToro?
The processing time for cryptocurrency transactions on eToro can vary depending on several factors, such as the type of cryptocurrency, the network congestion, and the transaction volume. Generally, cryptocurrency transactions on eToro are processed quickly, usually within a few minutes. However, in some cases, it may take longer, up to several hours, especially during periods of high demand or network congestion.

Does eToro offer a demo account for cryptocurrency trading?
Yes, eToro offers a demo account for cryptocurrency trading. The demo account is a risk-free way for traders to practice trading cryptocurrencies and explore the features of the eToro platform without using real money.

How does eToro calculate cryptocurrency prices?
eToro calculates cryptocurrency prices by using a weighted average of the prices of the cryptocurrencies on different exchanges that are available on its platform. The weightings are based on the trading volume of each exchange. eToro's algorithm calculates the prices and updates them every five minutes to ensure that traders have access to the most accurate pricing information.

What is eToro's policy on cryptocurrency trading during market volatility?

Does eToro offer margin trading for cryptocurrencies?
Yes, eToro offers margin trading for cryptocurrencies, but the maximum leverage limits differ based on the jurisdiction and the volatility of the underlying asset. Retail clients of eToro (Europe) Ltd, eToro (UK) Ltd, and eToro AUS Capital Limited have a maximum leverage of x2 for CFD cryptoassets, while clients of eToro (Seychelles) Ltd have a maximum leverage of x5 for CFD cryptoassets. It's worth noting that margin trading can increase the potential profits and losses of a trade, so it's important to understand the risks involved and use leverage responsibly.

Ready to trade crypto with eToro? Get started here.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

References


  1. ^ Initial coin offerings and crypto-assets ASIC


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77% of retail investor accounts lose money when trading CFDs with this provider You should consider whether you can afford to take the high risk of losing your money.