Once processed by eToro, online bank transfers usually take less than three business days, but in some cases they can take longer. It can take up to seven business days for bank transfers to receive the funds. Debit card withdrawals usually take about four business days. There is no specific time or period for withdrawing funds from eToro.
Verified customers can withdraw money from their account at any time of the day. The processing of withdrawals is managed by eToro, while the payment service provider now has the time to receive the funds. Transferring cryptocurrency outside of the eToro trading platform only works one way, meaning that you won't be able to transfer your coins again once you complete the transaction. If your cryptocurrencies are held as part of CopyTrader or Smart Portfolio positions, you won't be able to transfer them outside of the eToro trading platform.
If you choose this payment gateway, you will need to provide eToro with your full account details and the ABA routing number (you must meet Fedwire requirements). The process of withdrawing cryptocurrency from the eToro platform is a little different from that of withdrawing funds and involves the use of the eToro Money crypto wallet. In that case, you'll first have to download the eToro Money cryptocurrency wallet, a standalone mobile application available for iOS and Android devices. eToro is a multi-asset platform that offers investments in stocks and crypto assets, as well as CFD trading.
Making a withdrawal request on eToro is simple and can be done through the desktop site or mobile application. The process for withdrawing funds from eToro is quite simple and can be completed on the desktop site or on a mobile device through its app. When it comes to withdrawing cryptocurrencies, your options are limited to a certain number of coins and, initially, you must transfer them to the eToro Money wallet, a standalone application. eToro will transfer the amount withdrawn to the original payment method that was used to deposit funds into the account.
You can only withdraw funds and transfer them to your PayPal account if you have used this specific payment method to add money to your eToro account. Withdrawing cash from eToro can only be done directly from its platform and only requires following a few steps. On the eToro platform and if you want to withdraw it, you can do so by transferring it from the platform and then to the eToro wallet.