etoro crypto

If you’re looking to trade in crypto, then eToro has a great selection on offer. The broker has many leading digital coins featured as assets, including Bitcoin (BTC) and Ripple (XRP), and many more.

In this guide we want to show you what they have on offer, and how you can trade in crypto too.

Let’s get started!

Is eToro crypto trading Safe?

Yes, the broker is fully regulated and has regulation licences from many important authorities. For instance, they are regulated both by CySEC (no.109/10) and the FCA (Financial Conduct Authority) with the licence number 583263. In Australia, they have an Australian Financial Services Licence issued by ASIC.

Regulation is important because it means that the broker must follow financial trading rules put in place to protect traders against scams. You can be reassured that eToro is safe to trade with. 

If you are in the USA, the broker has a separate entity called eToro USA. They are regulated by U.S. based authorities.

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*75% of retail CFD accounts lose money

Trading Crypto in eToro

It’s possible to start crypto trading with eToro via a Contract for Difference (CFD’s). A CFD lets you speculate on the price of a cryptocurrency, you trade on a crypto’s price movement.

For example, let’s say that you want to trade with Bitcoin, you base your trade on whether to ‘sell‘ or ‘buy‘ a position on the Bitcoin asset.

When you sell it’s because you believe that the value of Bitcoin will go down. If you decide to buy, you think that the price of Bitcoin will go up.

The important thing to remember is that you don’t actually own the crypto asset. You just own any profits made from your crypto trades.

Is eToro good to trade crypto?

Trading in crypto provides you the chance to make more potential profits, even if the price of a cryptocurrency should drop down.

This is why trading can be a better option compared to just owning a crypto.

If a person has purchased let’s say some Bitcoins. They fully own them. However, if the Bitcoin price decreases, that person has lost money on their investment, unless the value goes up again.

Whereas for trading if you decide to sell the Bitcoin asset, and then in reality the actual price of it drops, you still make a profit. This is because you made the correct trading speculation.

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*75% of retail CFD accounts lose money

eToro Cryptocurrencies Available

For the CFD markets, the broker has on offer:

  • Dash – DASH
  • Ripple – XRP
  • Stellar – XLM
  • NEO – NEO
  • Ethereum – ETH
  • Ethereum Classic – ETC
  • Litecoin – LTC
  • Bitcoin – BTC
  • Bitcoin Cash – BCH
  • Cardano – ADA
  • EOS – EOS
  • Tron – TRX
  • ZCash – ZEC
  • Binance Coin – BNB

All the above can be traded as CFD’s on eToro’s trading platform. It is an excellent selection that has something available for everyone.

Open a Free Trading Account

*75% of retail CFD accounts lose money

eToro Crypto CopyTrading

One of the key features that eToro offers is their CopyTrade feature. This means that if you like the virtual coins trades that other user’s are making, you can copy their trades.

So if you are fairly new to cryptocurrency and want to learn from other successful member this might be a good tool for you.

To begin, go to the eToro Markets page to find other members who specialise in this market. You can see other user’s recent crypto trades and portfolios.

When you’ve found someone you wish to copy, just click on the ‘Copy‘ button. Then you must select the amount of funds you want to use for copying.

Your account will then start copying the trades made by the selected trader.

However, you remain in full control of the account. You can close the trade whenever you want.

Open a Free Trading Account

*75% of retail CFD accounts lose money

To learn more about Etoro, you can read our full Etoro review:

If you are an America trader please read our
Etoro USA review here.

Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.

Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.