eToro Ethereum Trading Guide

You Really Need to Read This First Before Trading Ethereum With eToro

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.

Table of Contents

  1. How to Trade Ethereum on eToro?
    Step-by-step guide (40sec)
  2. Is Trading This Cryptoasset a Scam?
    Is it legal to trade ETH on eToro? (12sec)
  3. ETH Copy Trading
    How does it work? (32sec)
  4. Can I Lose More than the Amount I Invested?
    Will I get a negative balance? (34sec)
  5. Trading Hours: 24/7
    What hours can I trade ETH? (14sec)
  6. Fees That You Might Incur
    What fees do I have to pay? (43sec)
  7. Spreads for CFDs
    What are the rates? (15sec)
  1. Ether Price
    Will I see real-time market prices? (14sec)
  2. Live ETH Charts
    How can I use this charting tool? (38sec)
  3. Will I Own the ETHs That I Bought?
    Am I really the owner of the tokens? (44sec)
  4. ETH Cross Pairs
    What are these cross instruments? (46sec)
  5. Ethereum Wallet
    Secured storage for ETH tokens (14sec)
    1. 12.1 How to Create an ETH Wallet?
      Basic steps to open an eToro wallet (15sec)
  6. Ethereum Classic
    What is this other crypto? (13sec)
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Interested now to trade Ethereum?

If you're considering of investing on this cryptocurrency right now then you better click on the button below to get started. This will take you to eToro's ETH trading page. Should you wish to continue, simply open an account with them but don't worry, this will only take a few minutes to do.


YES, TRADE ETH NOW!

67% 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.

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.
    eToro trading platform
    eToro trading platform
  2. Click “Trade Markets” and then “Crypto”. This will provide you with list of all the available cryptoassets.
    Cryptocurrency trading on eToro's platform
    Cryptocurrency trading on eToro's platform
  3. Search for Ethereum or its symbol ETH and then click on it. This will take you to the Ethereum trading page.
    Ethereum page on eToro's platform
    Ethereum page on eToro's platform
  4. Click on the “Trade” button to open the pop-up trading screen.
    Buying Ethereum (ETH) on eToro's platform
    Buying Ethereum (ETH) on eToro's platform
  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.
    Executing ETH buy order on eToro
    Executing ETH buy order on eToro

Is Trading This Cryptoasset a Scam?

No. Any Ethereum trading-related activities done on eToro is not a scam as it is a legit and legal broker. eToro currently operates with a license from various financial regulators which means it has passed their regulatory requirements.

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.

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

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.

Can I Lose More than the Amount I Invested?

Yes. It is possible to lose an amount higher than what you invested and if your trade results into a loss or if you have used all of your entire capital to open positions and it incurs overnight fees.

However, the platform comes with Negative Balance Protection. This will automatically absorb all the losses incurred and it will simply reset your equity to zero.

How can this benefit you?
This basically means that you may lose more than the invested amount but thanks to eToro’s Negative Balance Protection policy, you won’t lose an amount that is higher than your capital or the total amount that was deposited in your account.

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 price on eToro's platform
Live ETH price on eToro's platform

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.

Live ETH chart on the eToro platform
Live ETH chart on the eToro platform

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.

Will I Own the ETHs That I Bought?

Yes. Whenever you buy an ETH coin on the eToro platform, you will own these specific tokens that you purchased and this goes the same for the other cryptoassets that they offer.

This doesn’t mean that you can physically own them because these are in digital form so it has to be securely stored in a digital wallet or you will have to authorize an entity to keep custody of these acquired tokens.

You own the ETH cryptoasset that you will buy on eToro
You own the ETH cryptoasset that you will buy on eToro

It's also important to know this exception:
All traders of eToro who are under the regulation of the Australian Securities and Investments Commission or ASIC are not allowed to own cryptoassets such as Ethereum as per their current guidelines. In this case, any ETH that has been bought on the platform are automatically executed as contracts for difference or CFDs.

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.

 

Currency Crosses Crypto Crosses
Australian Dollar (ETHAUD) Bitcoin (ETHBTC)
Canadian Dollar (ETHCAD) EOS (ETHEOS)
Swiss Franc (ETHCHF) Gram Coin (ETHGRAM)
Euro (ETHEUR) Stellar Lumens (ETHXLM)
British Pound (ETHGBP) Zcash (ZECETH)
Japanese Yen (ETHJPY)  
New Zealand Dollar (ETHNZD)  
Tradable Ethereum (ETH) crosses on eToro's platform

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:

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

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.

eToro Wallet app
eToro Wallet app

How to Create an ETH Wallet?

After you have bought an ETH coin from the eToro trading platform and then you decided to transfer it to the wallet, that will be the time wherein you will be allowed to create a wallet for this specific cryptocurrency.

ETH wallet creation notice from eToro Wallet
ETH wallet creation notice from eToro Wallet

Ethereum Classic

Ethereum Cash 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.


Thinking of trading ETH with eToro?

If you're considering of investing on this cryptocurrency right now then you better click on the button below to get started. This will take you to eToro's ETH trading page. Should you wish to continue, simply open an account with them but don't worry, this will only take a few minutes to do.


YES, I WANT TO TRADE ETH!


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. 67% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.

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*67% 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.