eToro Ethereum Trading

Introduction

If you are interested in trading Ethereum with eToro then let it be known that they offer 3 products that are applicable for this cryptocurrency.

You can use their platform to trade real ETH tokens or CFDs, or copy the positions of other experienced traders. There’s also the advanced digital exchange that is primed for institutional-grade investors and seasoned traders. And lastly, there’s the online wallet where you can transfer and receive ETH coins.

This page covers the most common topics and questions related to this particular cryptoasset so if you’re keen on trading Ethereum with eToro then continue reading to find more information that you might find interesting and helpful.

How to Trade Ethereum on eToro?

To be able to begin trading ETH on eToro, first, you need to sign-up for an account and then make a deposit so you can have a starting capital. The next steps are as follows:

1. Open the eToro trading platform.

   

2. Click “Trade Markets” and then “Crypto”. This will provide you with list of all the available cryptoassets.

   

3. Search for Ethereum or its symbol ETH and then click on it. This will take you to the Ethereum trading page.

   

4. Click on the “Trade” button to open the pop-up trading screen.

   

5. Input the amount that you want to invest and set the custom parameters according to your preferences and click the “Open Trade” button to execute it.

   

ETH Copy Trading

Aside from trading the ETH coin by yourself on the platform, there’s also the CopyTrader which is a unique social investing feature of eToro.

As the term implies, you are basically copying the trades that were executed by more experienced users using an allocated amount that you will set. That means when you executed a copy position, your account will automatically open when the user that you “copied” opens a trade via his account.

Take note that the amount that will be opened is going to be proportionate to the amount that you set.

Trading Hours: 24/7

Crypto trading is open 24 hours a day, 7 days a week and this applies to ETH because it belongs to the crypto asset class. Compared to stocks, indices, currencies and commodities, which have specific opening and closing times, this particular market is always open.

Fees That You Might Incur

Depending on the transaction type or activity that you will perform with eToro, there are some fees that you could be charged with and you need to be aware of this.

Transfer fee: There’s a 0.006 ETH charge for every withdrawal of this coin from your account regardless of the amount. You can take out a minimum of 0.26 ETH per transaction.

Overnight fee: If you short-sell an ETH order then this will be executed as CFD and is covered by a rollover or overnight fee of $0.300336 for selling (short). On the other hand, there’s no fee for buying (long).

Bear in mind:
All the fees that were discussed are subject to change especially when there’s movement in the financial markets. For the actual fees and rates, we strongly suggest that you refer to their official trading fees page so you will be updated.

Spreads for CFDs

The spread for Ethereum CFDs is 1.90%. This will only be applied once the your position for this cryptoasset has been closed.

Take note that the rate mentioned here is the lowest possible spread and it may change based on market conditions because it is the variable or floating type.

Ether Price

Ether’s price can be seen on the platform so you can keep track of the actual value of this cryptocurrency. The quote displayed is in real time, which means you may see changes in its value rapidly as the market is open 24/7.

Live ETH Charts

All assets on the platform including crypto have integrated live charts via their dedicated instrument pages and in this case, you will be able to access ETH’s price charts. This can be very useful if you want to monitor and apply technical analysis of its price history.

Via the ProCharts feature, you can view the graphs using Japanese candles, Bollinger bands and Fibonacci. In addition, you can also choose specific timeframes based on your preferences or how you plan to analyze the market.

Notice:
In line with the standards for displaying the prices, this is the value for the Sell so if you prefer to determine the Buy rates then just add the spread to the value that you see on the chart.

ETH Cross Pairs

eToro also provides access to users who want to explore investing on ETH-related cross instruments. The platform supports currency crosses and crypto crosses, and their availability or diversity may change based on market demands. Commodity crosses for ETH are not available.

Notice:
Some regulators do not allow investing on these types of cryptoassets so if your account is under such financial authority then you won't be able to trade these instruments in particular.

To determine if your account is restricted, simply check of the buy/sell buttons are clickable. If these are disabled then it means that you're account is covered by these regulatory constraints.

In addition, you will also get this pop-up message after clicking on any these crosses:

Ethereum Wallet

A digital wallet called eToro Wallet is available for all registered clients, this can be used for storing, sending and receiving ETHs, and other supported digital coins. This is categorized as an online wallet so it doesn’t require its users any hardware for storing them.

Ethereum Classic

Ethereum Classic or ETC is a different digital coin from the mainstream Ethereum crypto. While this is considered to be the original version of the Ethereum blockchain, this should not be mistaken as the same entity as it is traded separately from ETH.