eToro Wallet Review

The eToro Wallet allows you to hold different cryptocurrencies in one place: it supports Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Easily transfer your coins elsewhere, to other wallets or offline storage for example.

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eToro is the world's largest social trading platform, trusted by over 20 million users. Access a wide range of markets from a single platform, on the Web or your phone. Easily follow and copy other investors if you want to.

• Risk warning: eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD.
• Markets: NA
  * Availability subject to regulation.
• Platforms: Copy trading
• Regulators: Australia, Cyprus (EU), Seychelles, UK

• Accounts

eToro Account [EU]  ▷ eToro Account [EU]: Trade 47 currency pairs and a wide range of other asset classes through a single platform. Get free and unlimited access to trading courses and webinars.
$Variable deposit	1:30 leverage	Instant execution	▷

Gold Account [EU]  ▷ Gold Account [EU]: Access live webinars plus eToro's exclusive weekly market analysis updates and hand-picked partner apps when your account's equity exceeds US$ 10,000.
$10000 deposit	1:30 leverage	Instant execution	▷

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Platinum Account [EU]  ▷ Platinum Account [EU]: Get a 50% discount on foreign exchange fees, a 100% discount on withdrawal fees, a personalised account manager plus all the benefits of a Gold account, when your account's equity exceeds USD 50,000.
$50000 deposit	1:30 leverage	Instant execution	▷

Islamic Account [EU]  ▷ Islamic Account [EU]: Trade 47 currency pairs and a wide range of other asset classes through a single platform. To open an Islamic account, open your account here and contact your account manager to request Shariah trading before making...more ▷ Islamic Account [EU]: Trade 47 currency pairs and a wide range of other asset classes through a single platform. To open an Islamic account, open your account here and contact your account manager to request Shariah trading before making your first trade.
$1000 deposit	1:30 leverage	Instant execution	▷

Corporate Account [EU]  ▷ Corporate Account [EU]: This eToro account is for sole proprietorships, partnerships or corporations. This account does not support PayPal payments.
$10000 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU]  ▷ Professional Account [EU]: Get more leverage with this account designed for professional traders. Visit eToro's website to see whether you qualify.
$Variable deposit	1:400 leverage	Instant execution	▷

What is a crypto wallet?

A cryptocurrency wallet is a digital wallet that is used to send and receive cryptocurrency. However, it does not store currency. Instead, it stores public and private keys and keeps a record of transactions. The private key is only known to you and your wallet. The public key is shared with the outside world, and is associated with a certain amount of currency.

Most cryptocurrencies have an official wallet. However, many also endorse third party providers. Wallets can come in many forms: websites, mobile apps and even hardware. Regardless of who you turn to, we recommend encrypting your wallet and making regular backups on different devices to protect your coins from loss or theft.

How is the eToro Wallet different?

The eToro Wallet allows you to hold different cryptocurrencies in one place: it supports Bitcoin, Bitcoin Cash, Ethereum and Litecoin. eToro has pledged to add support for additional coins in the near future.

At present, the eToro Wallet supports the transfer of coins purchased from the eToro.com platform. You may then transfer these coins onto other wallets or offline storage. As is the case with all wallets, transaction fees apply and are charged separately by the blockchain platform itself and eToro.

The eToro Wallet app is available for download from the Apple Store and the Google Play Store. To use eToro's Wallet, you will first need to open and verify an account on eToro.com.

Why use the eToro Wallet?

eToro is a global Fintech player with over 6 million customers. It was setup in 2007 as an online trading platform to facilitate the buying and selling of currencies. Since, it has expanded into a social trading network for investors. It pioneered cryptocurrency CFDs as early as 2013, and allowed investors to buy and sell Bitcoin and many other coins in 2017.

eToro Wallet is provided by eToro X Limited, a company incorporated in Gibraltar with company number 116348. At the time of writing, the company has received an approval "in-principle" from the Gibraltar Financial Services Commission in respect of its application for a Distributed Ledger Technology (DLT) Provider License Application.