eToro
Handelsavgift
Insättninsgmetoder
Kryptos (17)
eToro Review
Pros
- Established brand name
- FDIC protection
- Invest in cryptos, stocks, and ETFs all in one place
Cons
- Not available in New York
eToro Exchange Review
Tired of reading? No problem, check out our video review of eToro here:
About eToro
As the world’s largest social investing platform, eToro allows you to follow updates from your friends as you all invest in stocks and cryptocurrencies. All of this and with 0% commission. eToro has earned its name among savvy investors.
You Can Also Trade Stocks and ETFs
ETFs, or exchange-traded funds, are a type of pooled investment that tracks a commodity, sector, index, or other assets. You purchase ETFs at eToro, as well as stocks. It is nice that this crypto exchange also offers these types of investment opportunities, making this a wide-spectrum investment platform.
eToro Club
The eToro Club has several membership tiers, and each one comes with increased benefits. These include:
- Increased staking rewards
- Access to VIP events
- Dedicated account manager
- Subscriptions to crypto tracking systems
- WSJ subscription
- And more!
In order to climb to new membership levels, you just have to increase your realized equity. Realized equity is the sum of your cash balance and the total original purchase values of all of your holdings.
Here are the levels and the realized equity required to be at that level:
- Silver: $5k
- Gold: $10k
- Platinum: $25k
- Platinum+: $50k
- Diamond: $250k
Staking with eToro
Staking is when users hold assets and thus earn rewards, normally in the form of a set APY (annual percentage yield). This is similar in function to when you earn interest on your savings account or a certificate of deposit.
Users are paid out every month. The amount you earn will depend on your membership level, and which cryptocurrency you stake.
Trading Fees
eToro has an incredibly transparent fee structure. This is a relief as you will not find any surprises. They charge a flat 1% when you buy and sell cryptos on the platform. They do not charge any commission on stock or exchange-traded funds (ETFs).
No Withdrawal Fees
eToro will not charge you anything for withdrawals. Additionally, there is no daily withdrawal limit. This makes accessing your money easier here than in almost any other crypto exchange.
Depositing with eToro
At eToro, if you're from the US, you can deposit through both wire transfer and debit cards. This can be helpful, especially for newer crypto investors.
Outside of the USA, there is an even larger number of available deposit methods. For instance, you can deposit fiat currency via PayPal.
Try Risk-Free with Demo Account
eToro is great for new investors or for people who want to practice a bit more before diving in. You can sign up for a free demo account with eToro. Here, you can “invest” fake money (up to $100k) and see how you fare on the markets, all this with no risk to you!
Tokens Available
Investors in the United State will be able to invest in and store in your eToro wallet 24 cryptos. They are relatively new to the US market, so we expect this number to increase rather quickly.
Who Can Sign Up Here?
eToro is available to US investors. People from Australia, Europe, and many other nations can also sign up here! Each country will have different features available to them, so keep that in mind, as we include all of the features for eToro in this review.
Security
eToro is one of the most-trusted brand names in the crypto sector. They have worked hard to earn this, and they work hard to protect it. Your account is protected by leading fintech security systems, and they follow all necessary KYC (know your customer) and AML (anti-money laundering) protocols.
Additionally, your deposits are insured by both the FDIC and SIPC.
FDIC Protection
The funds you keep in eToro are protected by the Federal Deposit Insurance Corporation (FDIC). Your account is secured for up to $250k by the FDIC. Your securities account is also insured for up to $500k by SIPC.
This is an extra level of protection you do not always find at crypto exchanges. It shows that they are truly invested in making their platform stable, safe, and trusted.
App vs Desktop experience
The eToro app is available in the Apple and Google Play stores. It is truly an excellent app. They have invested in making it a user-friendly experience. They currently enjoy a 4.⅖ rating in the Google Play Store.
Plus, they offer many accessibility options, making the app truly a pleasure. You can customize it.
Who is eToro for?
eToro is one of the best crypto and investment platforms. It is great for new users who may want to try a demo account first. It is also great for more advanced investors who want to take advantage of all the trading options. If you’re looking for a crypto exchange, eToro is a good choice!