1XBIT PROMO
Bet Rocker
5.7 C
London
Saturday, January 22, 2022

Etoro Cryptocurrency Exchange Review: It Is Legit & Secure Exchange

- Advertisement -
binance 728x90 banner

About Etoro Cryptocurrency

Etoro Cryptocurrency is excellent for social copy trading and cryptocurrency trading, and is top pick for both categories in 2021. … For trading forex and CFDs, eToro is slightly pricier than most of its competitors, despite recently cutting spreads and introducing zero-dollar commissions for US stock trading.

eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets. Create a portfolio with cryptocurrencies, stocks, commodities, ETFs and more.

At eToro, they have been continuously transforming the traditional money management industry, in order to open the financial markets to everyone, everywhere. For more than a decade, eToro has been a leader in the global Fintech revolution. It is the world’s leading social trading network, with millions of registered users and an array of innovative trading and investment tools.

Basic Information

ExchangeDetails
Exchange NameEtoro Cryptocurrency
Exchange TypeCryptocurrency
Withdraw FeeFree
Deposit FeeFree
Taker Fee0.20% 
Maker Fee0.20% 
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

eToro Fees

Etoro Cryptocurrency Exchange does not charge any other trading commissions or account management fees. There are no cash withdrawal fees, though the company has a $30 withdrawal minimum.

You’ll pay a crypto transfer fee of approximately 0.50%, up to a maximum of $50, when you send funds from the eToro investment app to the eToro Money wallet, which is necessary to move coins off the eToro platform. Crypto-to-crypto conversion rates, based upon eToro market rates, cost 0.1%.

Minimum trade

eToro’s minimum trade amount is $10, and the minimum deposit amount is $50 if done by debit card or bank account connection.

Trading and transaction fees

Etoro Cryptocurrency Exchange charges its trading fees through spreads that may rise and fall with market conditions. Unlike some other providers, eToro charges round-turn — one spread for both buying and selling crypto assets. Spreads ranged from 0.75% for Bitcoin trades to 5% for trading Tezos. Most cryptocurrency spreads range between 1.9% and 2.9%.

eToro Platform and Technology

The eToro platform offers a good selection of standard brokerage features, like watch lists, price alerts, news feeds and customized charts. But where it shines is its unique community and automated trading models.

Digital wallet options and security

Etoro Cryptocurrency Exchange provides a free digital wallet to store cryptocurrency, known as eToro wallet, available in iOS and Android. The cost to convert crypto into fiat currency (which is to say, U.S. dollars) and vice versa is 5%, which some users may find a costly bite into any potential profits. The minimum transaction is $125 and the maximum is $10,000.

Users can transfer cryptocurrency from the eToro platform to their own digital wallet, but eToro notes coin transfers are one-way — which means any coins transferred can’t be transferred back to the eToro trading platform.

Mobile app

eToro app is available for iOS and Android, and has received mostly positive reviews.

Customer support options

Etoro Cryptocurrency Exchange customer support is limited, offering only email contact or a support ticket option. For an additional cost, “Club Members” can receive customer support via live chat.

Etoro Cryptocurrency Exchange Review

6.9

CURRENCY VERITY

6.5/10

REPUTATION

6.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

8.5/10

DESIGN

6.0/10

Pros

  • Platform offers an engaging communal experience
  • Users can copy the crypto trading strategies of advanced users
  • Cryptocurrency holdings may be transferred off the platform
  • Comprehensive educational resources

Cons

  • Relatively high fees for all coins besides Bitcoin
  • Unconventional fee structure means you pay more on transactions upfront
  • Not available in New York and several other U.S. states
- Advertisement -spot_imgspot_img
Latest news
- Advertisement -binance
Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here