#1 Social Trading App For Crypto. Access the world’s most popular digital currencies, with low fees. Connect with and copy top traders on one simple app
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eToro USA LLC. All investments have the ability to lose value, including your entire equity investment. The content herein is not intended to be an investment recommendation or personal inves
eToro is an online social trading platform specializing in trading cryptocurrencies. While it started with forex trading, eToro has grown into a platform used by millions of traders in over 140 countries. Having expanded into the US in mid-2018, US customers can now trade some of the world’s most popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Cardano with more equity options like stocks and forex planned.
One of the unique things about the eToro trading platform is its CopyTrader technology. This allows users to see what trades a professional trader has made, their average returns, and their risk level. Users can also chat with one another, allowing new traders to learn some tips and tricks from more experienced investors.
Things to Know
You make money on
Term of investment
Practice strategy: $100,000 virtual portfolio.
Auto-copy top traders with connection.
Top digital currencies at your fingertips
How you make money
With eToro you can build a diversified portfolio with 14 of the most popular coins. When you buy cryptocurrency on the eToro trading platform, they use an automated system based on consolidated cryptocurrency accounts to purchase the actual asset. This automated method simply helps them provide lightning-fast transaction times, increased security, and a very straightforward user experience. One of the unique features of eToro is 'CopyTrader'. With eToro’s revolutionary CopyTrader technology, anyone can start trading crypto by copying other traders automatically. Simply choose a trader you’d like to copy, set an amount, and click COPY. Now, when they trade, you trade!
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."
How eToro makes money
Like other exchanges, eToro earns money through transaction, currency exchange and other fees. They charge zero commissions, and zero hidden fees.
Their pricing is done entirely with spreads. Most other brokers charge a spread on both the buy and the sell of an asset, but they only charge one spread, first charged when you buy the asset and adjusted when you sell it. eToro charges between 1%(bitcoin) and 5% on cryptocurrency trading, depending on the asset you’re trading. There’s a 0.1% crypto-to-crypto conversion fee. Users that have been inactive for more than a year will pay a monthly $10 fee. The minimum withdrawal amount is $30 with a $0 withdrawal fee.
Is it safe?
Your security and privacy are their top priority. eToro is an established and reliable leader in the global fintech industry, and is trusted by millions of users worldwide. If you are a US resident, your cash holdings are FDIC insured for up to $250,000. Your USD funds are held in an FDIC-insured custodial account. Even if eToro were to fail, your money would be protected and returnable to you (up to $250k). eToro (Europe) Ltd., is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), eToro (UK) Ltd., authorized and regulated by the Financial Conduct Authority (FCA) and eToro AUS Capital Pty Ltd., authorized by the Australian Securities and Investments Commission (ASIC).
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
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.