eToro charges a single, simple and transparent commission of 1% for buying or selling cryptocurrency. Previously, while eToro managed multi-asset brokerage agencies (offering trading with stocks, commodities and currencies) in other countries, U. However, in the standalone application eToro Money, there is an option for converting cryptocurrencies to cryptocurrencies similar to the Coinbase offering, available for Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Stellar. eToro is a multi-asset platform that offers investments in stocks and cryptocurrencies, as well as CFD trading.
eToro offers a free digital wallet for storing cryptocurrencies, known as the eToro wallet, available on iOS and Android. eToro does not charge settlement fees to its customers who use its platform to trade and make profits. Currently, the service is only available for cryptocurrencies, but eToro states that it plans to add copy trading for stocks and ETFs. Trading stocks and ETFs with eToro is commission-free, while the fees for investing in currencies and CFDs are considerably low.
For cryptocurrency investors who want to imitate the movements of serious cryptocurrency traders, eToro's social investment platform is an attractive offering. Users can transfer cryptocurrency from the eToro platform to their own digital wallet, but eToro points out that coin transfers are unidirectional, meaning that the transferred coins cannot be transferred back to the eToro trading platform. eToro club members can also receive customer support via live chat and telephone, although the contact methods depend on the club's membership level. And while it doesn't offer trading pairs between cryptocurrencies, the eToro mobile app offers advanced graphic features, customization and alerts.
eToro's standard customer support is limited and only offers email contact or a support ticket option. If you are going to buy or sell cryptocurrency on eToro, there is a fixed commission of 1%, regardless of the crypto asset you choose.
