Trading crypto on eToro: a detailed guide

eToro is a multi-asset brokerage and social trading platform based in the U.K. While crypto trading is not its primary focus, eToro has a rich portfolio of coins you can trade. In addition, the user-friendly and intuitive trading platforms at eToro make buying and selling crypto a more rewarding experience.

eToro USA LCC does not offer CFDs, only real Crypto assets available.

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Your capital is at risk

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

With eToro you can buy and sell the most popular cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, XRP, and more. Once you are in possession of your cryptocurrency, you can then use the eToro wallet to securely store your coins until you are ready to sell it, spend it, or send it to a friend. You can also make use of the eToro social trading features that allow you to connect with millions of users worldwide and find top-performing crypto traders to copy with CopyTrader.

A word of advice. Although being a crypto investor is all the rage these days, it makes sense to tread with caution. Prices can fluctuate widely and the crypto industry is not supervised by any regulatory body. Consequently, if you trade coins on eToro (or any other platform that allows it), you will not be eligible for investor protection.

TABLE OF CONTENTS

eToro crypto selection
Crypto fees at eToro
Crypto transfer at eToro
eToro vs Coinbase
eToro vs Binance

eToro crypto selection

At eToro , clients can trade 35+ different coins, 14 crypto crosses (like ETH/BTC) and 63 non-USD currency crosses (like LTC/AUD).

eToro offers the following methods to trade and own cryptocurrencies: crypto CFDs, spot crypto, crypto exchange (eToroX) and crypto wallet. Nevertheless, not every method is available in every country. Check out our spreadsheet for a detailed breakdown of which crypto product is available in your country.

The general rule of thumb at eToro is that when you go long in any virtual currency, you will own the real coin. When you go short, it is a CFD. As with any rule, there are exceptions. For example, US residents can only go long on the real coin; trading CFDs and therefore going short on cryptocurrencies is not allowed.

eToro crypto selection
Cryptos as real assets (for non-US residents)	Cryptos as CFDs (for non-US residents)	Cryptos as real assets (for US residents)
AAVE	ADA	AAVE
ADA	BCH	ADA
ALGO	BNB	ALGO
BAT	BTC	BAT
BCH	DASH	BCH
BNB	DOGE	BTC
BTC	EOS	COMP
COMP	ETC	DASH
DASH	ETH	DOGE
DOGE	LINK	EOS
EOS	LTC	ETC
ETC	MIOTA	Ethereum
ETH	NEO	LINK
LINK	TRX	LTC
LTC	UNI	MANA
MANA	XLM	MATIC
MATIC	XRP	MIOTA
MIOTA	XTZ	NEO
NEO	ZEC	TRX
TRX		UNI
UNI		XLM
XLM		XTZ
XRP		YFI
XTZ		ZEC
YFI
ZEC

If you open a non-leveraged long position in any cryptocurrency (meaning you only use your own funds to trade and do not borrow from the broker), you will trade the real asset and not CFDs.

Buy Bitcoins with eToro

eToro is one of the pioneers of Bitcoin trading in the brokerage industry. Check out our detailed guide on how to buy and sell Bitcoin on the eToro platform.

Does eToro have Dogecoin?

Yes, eToro clients have access to Dogecoin as the brokler added it to its portfolio of products in May 2021. Dogecoin is featured under the DOGE ticker in the eToro app. Besides trading, you can reach a plethora of information on Dogecoin on the eToro platform, including prices, statistics, charts and research tools.

eToro and XRP

XRP, founded by Ripple Labs in 2012, is one of the many digital currencies you can trade at eToro. XRP is sold and traded in the form of XRP tokens. With its decentralized blockchain technology, XRP claims to be able to complete a transaction in an average of 3 to 5 seconds. The usual spread cost of trading XRP is around 2.45% at eToro. The live price of XRP, quoted in US dollars (XRP/USD) can be checked on eToro’s page under: https://www.etoro.com/markets/xrp

eToro and Shiba Inu

The Shiba token was launched as an alternative for the popular meme coin, Dogecoin, in 2020. You can trade Shiba Inu coins on eToro under the symbol SHIBxM.

Crypto fees at eToro

eToro has quite high fees for crypto trading: there is a 1% mark-up built into the crypto asset's price.

On the other hand, crypto deposits at eToro are free of charge and there is a $10,000 daily limit for withdrawals for all currencies. Transactions higher than this amount are screened by the broker, and the process takes up to 24 hours on weekdays and up to 72 hours on weekends.

Finally, keep in mind that eToro charges an inactivity fee of $10 per month after one year of inactivity. It’s enough to log into your account to avoid having to pay this fee.

Crypto transfer at eToro

eToro launched its own crypto wallet called eToro Money. Read our in-depth guide on how to transfer your crypto assets to eToro Money, the requirements for successfully initiating a transfer and the fees asscociated with the transaction.

eToro vs Coinbase

If the question is whether you can trade crypto on both Coinbase and eToro , the answer is yes. Both are popular trading apps among cryptocurrency investors with easy-to-use platforms and access to a wide range of crypto assets. However, there are considerable differences between the two. Check out a detailed side by side comparison of eToro vs Coinbase over here.

eToro vs Binance

In terms of volume, Binance is one of the largest cryptocurrency exchanges in the world. Check out our detailed article on how eToro compares to Binance in terms of available cryptos, fees and services.

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Your capital is at risk

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

Risk disclaimer

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

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.2% 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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

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.

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