The minimum amount required to buy Shiba Inu (SHIBxM) on eToro is $10. It's important to differentiate this from the 'minimum deposit', which is the smallest amount you can add to your eToro trading account. This deposit varies from $10 to $200, based on your country of residence.
Curious about the minimum deposit needed to buy Shiba Inu (SHIBxM) on eToro, I delved into some research and practical testing to share valuable insights, particularly useful for newcomers to the platform.
💰 Here's the thing: It's important to first distinguish between 'minimum deposit' and 'minimum trade size.' The minimum deposit is the least amount you can add to your online trading account, which varies based on your location. For instance, in the UK, it's $50, while in the US, it's only $10.
Moving on to the minimum trade size, which is specifically the amount needed to buy a crypto asset like Shiba Inu, the platform sets this at $10. This was confirmed through my own trials on the platform, where attempts to invest amounts lower than $10 were met with a notification that the minimum amount had not been reached.
Take note: I've tested this both on the web platform and their mobile app just to make sure that the eToro Shiba Inu purchasing minimums are the same.
While the minimum deposit to start trading on eToro depends on your country, the minimum investment amount to buy Shiba Inu is uniformly set at $10. This clarity in understanding the distinction between account funding and actual trading minimums is crucial if you're considering investing in Shiba Inu on eToro. I hope this information aids in your decision-making and helps streamline your crypto investment process on the platform.
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.
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76% of retail investor accounts lose money
