One of the top social investment networks in the world, eToro seeks to transform how people invest and improve investors’ financial literacy. In this article, we will review eToro, a platform where you can easily exchange stocks to crypto. Thus, this article lets you find everything you wonder about eToro crypto.
What is eToro Crypto? – 2023
The platform, a leader in social investing, allows users to imitate the crypto transactions of experts. The broker also provides access to stocks and ETFs in addition to cryptocurrencies. There are 93 different cryptocurrencies on the platform. The top 10 currencies on the platform are as follows at the time of writing:
- BTC
- ETH
- BNB
- XRP
- ADA
- DOGE
- MATIC
- LEFT
- DOT
- LTC
Of course, this ranking is not stable. It can change at any time according to the volatility in the market.
History of the Platform
Yoni Assia, Ronen Assia, and David Ring started the platform in 2007 in Tel Aviv under the name RetailFX. The company debuted the eToro OpenBook social investment platform in 2010 along with its CopyTrader function, which enables users to automatically copy the top traders on the network. Moreover, the company released an Android app later that year.
The platform raised $31.5 million in four rounds of funds between 2007 and 2013. In addition, it raised $27 million in December 2014 from Russian and Chinese investors. It joined CoinDash in December 2017 to create social trading on the blockchain. It obtained an additional $100 million in private funding in 2018 for the project. In short, investment firms have made a total of over $162 million in the company.
The UK division of e-money, Marq Millions, was acquired by the firm in 2020, and it was later rebranded as eToro Money. The company also received a license from the Financial Conduct Authority to operate as an electronic money institution (EMI) and primary membership in Visa. In addition, the company introduced the eToro Money debit card for UK citizens in December 2021. Finally, in 2021, the company said that have 20 million subscribers and operates in 140 countries.
The Best Features
Investors on the platform have access to a wide range of exclusive advantages that they might not find in any other place. These could be viewed as a portion of the reasons for eToro’s success. Below, we’ll review a brief description of the platform’s top features.
eToro Money
When you deposit money into your investing account with eToro Money, you may take advantage of fee-free deposits without any currency exchange fees, which can save you up to 1,5% in expenses. Additionally, this account supports cryptocurrency deposits and offers quick withdrawals and deposits in and out of your investment account.
On top of offering top-notch account security where your money is protected by a top-tier bank, you can use it to send and receive money from your friends and family. The best aspect is that there are no hidden fees or monthly charges for the account.
Demo Account
To help you gain confidence and test out new tactics without jeopardizing your actual money, the platform offers a practice virtual account upon registration. Each user is given a virtual account with $100,000 so they can practice their talents and learn more about the real market.
Simply enter your username in the free eToro account creation form and choose Virtual Portfolio. Then, without putting any money at risk, you can start trading in real-time right away.
eToro Wallet
The entirely digital eToro Money crypto wallet is incredibly user-friendly. It boasts cutting-edge technology and supports multi-crypto asset portfolios to guarantee total protection for your money. You may purchase, trade, store, and transfer cryptocurrencies using the eToro Money crypto wallet. Currently, the wallet supports over 500 crypto pairs.
You also obtain an on-chain address that enables you to send, receive, and store cryptocurrency anywhere on the blockchain using a private address that is secured by your one-of-a-kind unlosable private key.
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