Is eToro Good for Crypto? Full Review and Guide [2025]
Markus Webb brings over a decade of experience in blockchain technology and digital currency research. His work focuses on the practical applications of blockchain to real-world financial solutions and the implications of cryptocurrency investments.
With a background in software engineering and specialized expertise in cybersecurity, Samantha Lee co-founded b3i.tech alongside Jerry. She has been instrumental in developing robust blockchain architectures that prioritize security and efficiency.
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Quick Answer:
eToro is an excellent choice for beginners and passive investors looking to trade or hold crypto in a regulated, user-friendly environment. While its fees are higher than some exchanges and wallet control is limited, it’s ideal for those prioritising simplicity, safety, and multi-asset investing.
As one of the world’s most popular multi-asset platforms, eToro has attracted millions of users with its easy-to-use design, global regulation, and unique features like CopyTrader and crypto staking. But how does it really stack up when it comes to buying, holding, and moving cryptocurrencies? In this guide, I’ll walk you through the pros, cons, costs, and whether it’s the right fit for your crypto strategy.
Why do traders use eToro for Crypto?
Unlike a lot of offshore exchanges, eToro is licensed in multiple jurisdictions, including Europe, Australia, and the U.S.
What really sealed the deal, though, was the fact that I could manage more than just crypto in one place. I already used eToro for trading stocks and ETFs, so being able to diversify into Bitcoin or Ethereum without opening another account made a lot of sense.
The interface is another highlight.. I’ve tried plenty of platforms where trading crypto felt clunky — with eToro, (read the eToro review here) it’s smooth enough that even friends of mine who are brand new to investing picked it up quickly.
And if you’re the type of investor who prefers not to manage every trade yourself, the CopyTrader and Smart Portfolio features are a bonus. I’ve experimented with both, and they’re especially useful for hands-off exposure to crypto without constantly watching the markets.
Which Cryptocurrencies Can You Trade on eToro?
One thing I really appreciate about eToro is the variety of cryptocurrencies it offers these days eToro supports over 80 coins, and that list keeps growing.
I’ve personally traded BTC and ETH right from my main account. I have found that it is ideal if you enjoy diversifying your portfolio but don’t want to deal with dozens of different wallets and logins. And if you’re working with a smaller budget, no problem — eToro lets you invest fractionally, starting with as little as $10, which makes it easy to dip your toe in without overcommitting.
What I also like is that the platform regularly updates its listings. I’ve seen newer projects pop up in response to market trends, which shows they’re actively evolving with the crypto space.
Here’s a quick snapshot of some of the top coins available on eToro right now:
Whether you’re just getting started or expanding your portfolio, eToro makes it easy to access a wide range of crypto assets from a single dashboard.
How Does Crypto Trading Work on eToro?
When I first started trading crypto on eToro, I was honestly relieved at how simple the process was. Unlike traditional crypto exchanges that throw you into order books and jargon from the start, eToro keeps things clear and beginner-friendly.
To get going, I just funded my account using a bank transfer, but I’ve also used a debit card without any hiccups. They accept a variety of payment methods depending on where you live.
Once your funds are in, placing a trade is as easy as selecting a coin, choosing the amount, and deciding whether to buy at market price or set a limit order. The experience is just as seamless on the mobile app as it is on the web version, which nowadays is always handy.
What Fees and Costs can I expect?
Trading on eToro isn’t free, and you’ll want to know the costs. The main fee is the spread, which is typically around 1% for Bitcoin but can be higher for smaller or less liquid coins. It’s baked into the buy/sell price, so it’s not charged as a separate commission.
If you’re depositing in a currency other than USD, eToro will charge a currency conversion fee of about 0.5%, which is pretty standard but worth factoring in. Then there’s a $5 withdrawal fee, which applies every time you take money off the platform.
Lastly, there’s an inactivity fee of $10 per month after 12 months of no trading activity. If you’re a set-and-forget type of trader, it’s something to remember.
Can You Move Crypto Off eToro?
eToro does let you transfer certain cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) to an external wallet, but not every coin is eligible.
Is It Safe to Store my crypto on eToro?
To make transfers, you’ll need to use the eToro Money Wallet app, which acts as the bridge between your eToro trading account and your personal wallet. I’ve used it to move BTC to another exchange before, and while the process worked fine, it’s not instant, and you need to pay blockchain network fees for each transfer.
It’s also important to keep in mind that even though the eToro Money Wallet gives you more flexibility, it’s still custodial. So you don’t control the private keys, which I’ve found is not ideal if you’re a DeFi user or someone who wants full ownership of your assets.
How does eToro Secure my funds?
The platform uses cold wallet storage, two-factor authentication (2FA), and data encryption to protect user funds, and I’ve never had any issues with unauthorised access or phishing scams.
More importantly, it’s a regulated platform in multiple jurisdictions, including Europe, Australia, and the United States. That kind of oversight isn’t something you get with even some of the best crypto exchanges.
In short, I feel confident holding crypto on eToro from a security standpoint, but I wouldn’t use it as my main storage solution if I were deeply involved in DeFi.
Does eToro Offer Crypto Staking or Passive Income Features?
Yes, like many other traders, I’ve always liked the idea of earning passive income from my crypto holdings, but I don’t always have the time (or patience) to dive into technical staking setups or manage DeFi protocols. That’s where eToro really shines.
Right now, eToro supports staking for Ethereum (ETH), Cardano (ADA), and TRON (TRX) — though availability can vary depending on your region. I’ve personally staked ETH and ADA on the platform, and the process couldn’t be easier. In fact, there’s no process at all on your end, once you hold a supported asset, eToro automatically stakes it for you.
There are no lock-up periods, no confusing validator options, and no need to claim rewards manually. eToro handles the technical side and pays out rewards to your account monthly. I see it as a low-effort way to let my long-term positions work for me.
Of course, if you’re an advanced user looking for validator-level control or yield farming opportunities, this setup might feel limited. But for casual/ beginner investors or anyone who just wants a simple way to earn without any hassle then it is a genuinely helpful feature.
How Does eToro Compare to Other Crypto Platforms?
I’ve used quite a few crypto platforms over the years and I can confidently say that eToro isn’t trying to be everything to everyone. Instead, it fills a very specific niche that suits a certain type of investor.
Strengths
What makes eToro stand out for me is that it’s a simple, regulated, all-in-one investing platform. I don’t just use it for crypto — I’ve also traded stocks and ETFs here. It’s a major advantage to manage everything under one roof. I also like how user-friendly the interface is, especially on mobile. If you’re someone who doesn’t want to fuss with complex charts or external wallets, it’s genuinely easy to get started.
eToro is also a great platform if you’re a long-term holder or passive investor. With staking rewards and features like CopyTrader and Smart Portfolios, you don’t need to actively trade every day to benefit from market moves.
Weaknesses
That said, if you’re a more active or advanced trader, you might find eToro limiting. The spreads are higher than spot exchanges, and you’re missing out on deeper tools like margin trading, advanced charting, or order books.
Another big con for me: wallet control is limited. You can transfer some assets off-platform, but it’s not the same as having full access to your private keys. And if you’re into DeFi or want to stake through your own validator, eToro doesn’t offer that level of control.
Still, for most everyday investors, especially those just getting into crypto, the platform covers a lot of ground in a clean, compliant, and beginner-friendly way.
What Are the Pros and Cons of Trading Crypto on eToro?
eToro has been a great fit for how I invest especially when I want a straightforward way to buy, sell and trade crypto alongside stocks and ETFs — but it’s not perfect, and it won’t suit everyone.
To help clarify where it shines and where it falls short, here’s a quick summary:
If you’re someone who values convenience, transparency, and the ability to manage multiple types of investments from one place, eToro offers a lot. But if you’re looking for low-cost, high-frequency trading or complete crypto self-custody, there are better options out there.
Final Thoughts
eToro strikes a great balance between simplicity and security, especially as a global platform. If your goal is to invest in crypto without diving into the deep end, it’s hard to beat. eToro is best suited for people who want a safe and straightforward trading environment, access to passive income features like staking, and the convenience of managing crypto alongside stocks and other assets.
That said, if you’re a DeFi enthusiast or a power trader, eToro might feel too limited.
Overall, I’d say eToro is a strong choice for casual and global crypto investors, especially if you’re starting out or prefer a hands-off approach.
FAQs
Is eToro safe for holding cryptocurrency?
Yes, eToro uses cold storage, two-factor authentication, and encryption. It’s regulated in multiple regions, but like all platforms, crypto assets aren’t insured.
Can I transfer crypto from eToro to my own wallet?
You can transfer select coins like BTC and ETH using the eToro Money Wallet app. However, it’s still custodial — you don’t control the private keys.
What cryptocurrencies can I buy on eToro?
eToro supports over 80 cryptocurrencies, including BTC, ETH, ADA, XRP, and SOL, with new assets added regularly.
Does eToro charge high fees for crypto trading?
eToro applies a spread and a 0.5% currency conversion fee for non-USD deposits.
Is eToro good for beginners in crypto?
Absolutely. Its intuitive interface, fractional investing, and built-in educational tools make it one of the best platforms for new crypto investors.
Is eToro available worldwide?
Yes, eToro operates globally, though features may vary by country.
References
- eToro’s Official Fee Structure
- eToro – Currency Conversion and Withdrawal Fees
- eToro – Supported Staking Assets
- eToro – Crypto Staking Process and Rewards
- eToro – Money Wallet Support
- eToro – Transfer Fees and Limitations
Choose the Best
- Copy Trading Feature
- Low Fees
- Multi-Asset Platform
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
