eToro Crypto

Written by Nick Zelver

Fact checked by Mike Druttman

Updated Mar, 2024

Getting Started

eToro offers trading opportunities in a wide array of cryptocurrencies, including popular ones like Bitcoin, Ethereum, Ripple, and many more. If you're keen on delving into the world of digital coins and want to explore the crypto-related services offered by this broker, this page is for you.

In the following sections, I'll provide an in-depth guide on how to effectively engage in this new and emerging market using eToro, drawing from my own experiences and practices on the platform. You'll gain a clear understanding of the nuances of crypto trading and discover why investing in cryptocurrencies could be a smart financial decision.

Key Learnings from My Crypto Trading Experience

• Minimum Investment: The smallest amount you can invest in a cryptocurrency trade on the platform is $10.
• Leveraged Trading: This broker supports leveraged trading for cryptocurrencies. However, the extent of leverage available varies based on your geographical location. For instance, clients of eToro (Europe) Ltd, eToro (UK) Ltd, and eToro AUS Capital Limited have a maximum leverage of x2 for crypto CFDs. In contrast, clients under eToro (Seychelles) Ltd can leverage up to x5. It's important to check with their guidelines or customer support for precise leverage details in your region.
• CopyTrader Feature: This functionality enables you to replicate the trades of more experienced crypto traders. You can evaluate various traders, examine their performance, and choose to mimic their trading strategies according to your risk tolerance and return objectives.
• Absence of Third-Party Automated Trading: Take note that the platform does not accommodate third-party automated trading systems. However, it offers risk management tools like stop-loss and take-profit orders. The CopyTrader feature is also a useful alternative, allowing you to follow the trading patterns of experienced traders.
• Risk Management Orders: Implementing stop-loss and take-profit orders is an essential aspect of trade risk management. These orders can be set easily and get executed automatically once the asset price reaches your predetermined levels.
• Restrictions for US Residents: Due to regulatory constraints, US residents cannot engage in crypto CFD trading with this broker. They are, however, permitted to trade in actual cryptocurrencies.

These insights reflect a comprehensive understanding of the nuances of crypto trading on eToro, emphasizing both the opportunities and limitations inherent to the platform.

Trading Tools: Live Crypto Rates and Charts

• Real-Time Data and Updates: The platform excels in offering real-time data and news, which is essential for both novice and seasoned traders. The live price charts provided are especially useful for understanding and analyzing the historical and current price trends in the cryptocurrency market.
• Accuracy of Crypto Rates: Through thorough testing, it has been observed that their live crypto rates and charts are exceptionally accurate and current. The promptness of updates in rates and charts is a crucial aspect of crypto trading, as even slight delays can lead to substantial financial implications.

By leveraging these tools, traders can gain a deeper insight into the crypto market, enhancing their decision-making process and potentially improving their trading outcomes.

Assessing Crypto Rate Accuracy on the Platform

Through rigorous and extensive testing of the platforms live crypto rates and charts, I've found them to be exceptionally accurate and consistently current. In the fast-paced world of cryptocurrency trading, the timeliness of rate and chart updates is paramount as even the slightest delay in data can lead to substantial financial implications.

Diverse Cryptocurrency Investment Options

Currently, the platform offers an impressive selection of around 80 different cryptocurrencies, catering to a wide range of investor preferences and strategies. Below is a table showcasing the diverse range of cryptos available for investment on this broker:

This extensive selection not only provides ample opportunities for diversification but also allows traders to explore and invest in lesser-known, potentially high-growth cryptos alongside established names like Bitcoin and Ethereum.

Trading Crypto on eToro's Platform

Trading cryptocurrency on the platform involves a few clear and straightforward steps. Before you start, it's crucial to ensure that your account is fully verified and has sufficient funds to engage in crypto trading.

Maintaining your crypto positions? Take note that your crypto trade will stay active until one of these conditions is met:

1. You decide to close the position manually.
2. The position is automatically closed due to a stop-loss or take-profit order being triggered.
3. The contract reaches its expiration date, if applicable.

Understanding Crypto Fees: 1%

This broker's approach to fees in crypto trading is marked by simplicity and transparency. A uniform fee of 1% is applied for both buying and selling crypto assets. This fee structure makes it easy for traders to understand and calculate the costs associated with their trades.

Unlike some platforms that have multiple fee structures based on the type of trade or the volume, eToro maintains this flat fee rate. This system ensures that traders can manage their investments without worrying about variable costs or hidden charges.

Whether you are a beginner or an experienced trader, this straightforward fee approach allows for clearer financial planning and strategy development in your crypto trading journey.

Crypo Staking

What is crypto staking on eToro and what cryptos are supported? Currently, the platform allows you to hold Cardano (ADA) or Tron (TRX) in the trading account, or transfer Ethereum (ETH) to your eToro Money crypto wallet for ETH2 staking.

₿ Starting with crypto? Try the demo account!

For those new to cryptocurrency, they offer an ideal learning platform through its demo account feature. When you sign up, you gain access to a demo account that is pre-loaded with virtual funds. This provides an excellent opportunity to experiment with crypto trading in a completely risk-free setting. The demo account also allows you to explore other financial instruments available on the platform, helping you gain practical experience before venturing into real-world trading.

Concluding Thoughts

The cryptocurrency market offers significant opportunities for traders at all levels of experience and with varying amounts of capital. eToro stands out as a particularly attractive platform due to its low transaction costs and fees, enhancing the potential for profitable trades.

Efficient crypto trading largely depends on informed decision-making and the effective use of the tools at your disposal.Through this guide, I hope to have enriched your understanding of the crypto trading landscape and provided useful insights from my own experiences trading on this broker. Whether you're just starting out or looking to refine your strategies, this platform can be a valuable resource in your trading journey.

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. 76% 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. 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.

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.