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eToro crypto wallet: here's how you can transfer your assets

If you trade crypto on the eToro platform, you can withdraw your assets to eToro Money, which is an external crypto wallet. eToro Money works as an app that you can download to devices running on iOS and Android. Your username and password for the eToro Money app will match your eToro trading account's login credentials.

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Your capital is at risk

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Step-by-step guide to transferring crypto to eToro Money

Follow these steps to withdraw your crypto assets from the eToro trading platform to the eToro Money wallet: 

  1. Download, install and sign into the eToro Money app. Once you do this, the option to transfer crypto assets to your crypto wallet will appear in the eToro trading platform. (You will need to have a cell phone with SMS capabilities to use the wallet. Two Factor Authentication (2FA) is mandatory for the eToro Money app.)
  2. In the trading platform, click on the Portfolio tab.
  3. If you have more than one crypto asset, select the one you would like to transfer.
  4. The system will display all of your open trades for that particular crypto asset. Click on the specific trade you would like to transfer.
  5. On the Edit Trade screen, click “Transfer to Wallet”.
  6. Review the transfer’s details. Click ‘Transfer’ to initiate the process.
  7. Congrats, you are done! You will receive a notification to confirm that your request was submitted. The trade line will show ‘Pending Transfer’. You have the option to cancel your request until the transfer process is complete.

While your transfer request is processing, the position in question remains open, and could still be closed by any Stop Loss or Take Profit orders you set up previously. You can adjust or completely remove your Stop Loss or Take Profit orders to ensure that you keep your transfer request active.

You have to initiate a separate transfer for each trade you would like to move into your wallet. You cannot initiate a single transfer to move all of your trades under one asset. You will not be able to transfer a given trade partially, you either transfer the whole trade or not at all. 

Note that the process of transferring crypto from the trading platform to the wallet is one-way only. In other words, any crypto you transfer from the eToro platform to your wallet cannot be transferred back to the eToro trading platform.

Once your crypto is transferred to your eToro Money crypto wallet, you can convert it to another crypto or send it elsewhere.

 

eToro crypto transfer requirements

 

Only BUY (long) positions that are backed by real crypto (not CFDs) can be transferred to the eToro Money crypto wallet. Crypto assets held in CopyTrader and Smart Portfolio positions cannot be transferred to the crypto wallet.

Depending on your location, you may not be able to use the eToro Money wallet service. Here’s a list of countries where the service is available. 

At the time of writing, the eToro Money wallet supported the following coins: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, Tron and XRP. You can transfer, send, receive, buy and convert these currencies using your wallet. 

 

eToro crypto transfer fees 

 

You can transfer crypto assets from the investment platform to the eToro Money crypto wallet for a fee, which is deducted in units. The fees are calculated according to the size of the position and the broker applies a cap for large transactions. 

  • Coin transfer fee 0.5% of the transaction size

  • Fee minimum $1 (in units)

  • Fee maximum $50 (in units)

Transfer fees for key crypto coins
Crypto/Ticker Minimum position amount (in units) Fee Minimum fee Maximum fee
Bitcoin (BTC) 0.007195 0.5% $1 $50
Ethereum (ETH) 0.107588 0.5% $1 $50
XRP (XRP) 17.7574 0.5% $1 $50
Litecoin (LTC) 0.084546 0.5% $1 $50
Bitcoin Cash (BCH) 0.02296 0.5% $1 $50
Stellar (XLM) 45.15749 0.5% $1 $50
Tron (TRX) 120 0.5% $1 $50


In addition to the transfer fee charged by the broker, there is a blockchain fee and eToro will provide only an estimate for the amount of this charge when you confirm the transfer.

The fees will be debited from your balance in the same asset that is being transferred. For example, if you want to transfer Bitcoin, you will need to have the necessary amount of Bitcoin available in your balance to cover all related fees.

visit etoro
Your capital is at risk

Cryptoassets are highly volatile and unregulated in the UK. 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. 78% 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.

Cryptoassets are highly volatile and unregulated in the UK. 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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Author of this article

Edith Balázs

Author of this article

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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