eToro Review

If you were looking for a broker that would allow you to trade cryptocurrencies, you would probably come across eToro sooner or later. That’s why today I would like to present to you a comprehensive eToro review, in which we’ll cover all of the main aspects of this brokerage company.

In this guide, I’ll tell you all about eToro and its business model - we’ll talk about what is eToro in general, cover the company’s origins and goals, see if we can figure out if eToro USA is a thing, and so on.

Even though eToro deals in cryptocurrencies, we’ll have to shortly cover different aspects of its business as well - only by doing so, we shall be able to create a full picture of the company in question.

Douglas Eriksen

Founder and CEO at ChainMosaic

What are the key factors to consider when choosing a cryptocurrency exchange for trading NFTs?

Fees: each platform has different transaction fees, so be aware of how much it'll cost you to trade NFTs. User interface: an intuitive interface will help you trade more effectively and efficiently. Reputation: choose an exchange that's trusted by other users and has a strong reputation in the crypto community.

Understanding eToro

So, let’s start this eToro review from the top. What is eToro?

eToro is an Israel-based brokerage company that deals with various financial investments. Back in 2013, the company introduced an option to trade stock CFDs.

A CFD (Contract For Difference) is a trading method used between a buyer and a seller. This type of method allows speculations - the general rule of CFD is that the seller will pay the buyer an amount that will be the difference^[1] between the current price of the object and the price that it will be at during the establishment of the agreement (contract).

Between its inception and the current date, the company managed to raise over $1.3 billion from investors from all around the world. This includes approximately $692.7 million in private funding rounds and $620 million from its Initial Public Offering in May 2025.

One of the main kick-starters for the company's business growth is considered to be their decision to add a trade copying feature on their platform.

📚 Read More: What is Copy Trading in Crypto?

Projects like Follow Coin have also tried following the same “copy-trading” path, but have been much less successful. There are many reasons why that could be, but it ultimately all falls to a lack of experience and professionals in the field

This feature is very popular because it eliminates the need to do extensive amounts of research and to consistently watch the market’s movements - you would simply choose a popular and established investor that you liked and then just pick the option to completely copy a trade that they make.

eToro Cryptocurrencies

Let’s be honest - you came to this eToro review for cryptos, haven’t ya? There are quite a few eToro reviews on the internet, but a lot of them seem to rush through the “cryptocurrency” part of the company.

eToro is famous for being one of the first brokerage sites that would offer its users the ability to trade cryptocurrencies. At first glance, it seems that eToro has managed to succeed in its crypto offerings - it offers users a wide variety of cryptocurrency trading options available (both long-term and short-term).

As I've mentioned earlier, eToro's success can be credited mostly to its choice of introducing the “copy trading” feature. There are a lot of investors who have been analyzing cryptocurrencies (especially the more popular ones like Bitcoin or Ethereum) ever since their inception. These investors usually believe in the crypto coin’s growth and are searching for the most favorable time frames to invest.

Given the fact that cryptocurrencies have experienced huge growth in popularity over the past several years, more and more people are looking for ways to invest in them. There are different methods you could use, but most of them require that you put in a lot of hours of research into the topic. A lot of people can’t afford this, whether it be because they simply lack the time or because it’s way too broad a topic.

This is why leaving investment decisions^[2] to a person who has years and years of experience in the field can be a good option. This is especially true when you can also pick the expert that you want (based on their performance).

Aside from copy trading, eToro also offers other essential features for crypto investment, including:

• Long/Short Functionality: This lets you profit from both rising (long) and falling (short) asset prices.
• Multiple Order Types: Currently, eToro offers Market and Limit orders for crypto trading.
• Stop Loss/Take Profit: These are automated tools that close a trade when a certain loss limit is reached (Stop Loss) or a specific profit target is achieved (Take Profit).

• Leverage Trading: You can open larger positions with a smaller amount of capital, amplifying both potential gains and losses.
• Crypto Staking: Earn passive income from your crypto holdings by staking them in eToro. Currently, the platform supports eight coins, providing you with decent options for earning rewards.
• Demo Account: Not sure where to start or want to test your trading strategies without worrying about the potential risks? eToro offers a demo account as a safe environment for users who want to test things out.

While these are not the most groundbreaking crypto trading features out there, I think eToro still provides a comprehensive and accessible set of tools that meets the needs of most retail crypto traders.

Did you know?

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Why eToro?

So now that you know about the company’s origins and its cryptocurrency scene… Why should you choose to use it? On their official site, eToro lists several different reasons why you should trust them and start trading on their platform as soon as possible. Well, continue reading this eToro review and let’s find out!

Security

The very first thing that the company guarantees is security. Any good eToro review will tell you that when it comes to brokerage, security should be one of the top priorities. To start, the platform itself has several security certifications, including ISO 27001, ISO 27032, and PCI DSS.

📚 Check Out: Safest Crypto Exchanges

Additionally, it operates in accordance with FCA, CySEC, ASIC, and several other regulations, making it a highly regulated and secure platform for its users.

The platform stores most of the users' crypto funds in cold storage, and good news! eToro has also received SOC 2 Type II compliance certification, which showcases its commitment to providing secure cryptoasset custody operations. Here is what the deputy CEO and COO at eToro said regarding the certification:

Achieving the SOC 2 Type II compliance certification once again underscores our commitment to operational excellence in crypto custody.

And it doesn't forget about your account security. The platform offers essential features like two-factor authentication (2FA), biometric authentication, and a KYC verification process to safeguard your personal information and funds.

eToro also runs a bug bounty program on HackerOne with rewards ranging from $100 to $15,000, depending on the severity of the vulnerability discovered.

Unfortunately, as of writing, eToro doesn't offer any insurance coverage for users' crypto funds. Compared to other platforms like Binance that offer SAFU to safeguard users' assets, this can be a significant drawback, especially if you're concerned about your funds.

Wide Crypto Selections

They also promise a wide variety of cryptocurrencies to choose from. This is true - as I’ve mentioned earlier, eToro has a relatively broad selection of directly tradable cryptocurrencies, alongside its traditional offerings like stocks and ETFs.

At the time of writing, eToro supports more than 100 cryptocurrencies, including BTC, ETH, DOGE, and AAVE. While it's not the most extensive option, this is far better when compared to other large, traditional "multi-asset" brokerage firms like Robinhood.

You’ll also find a good mix of both established coins and some smaller, trending assets. This makes it easier for casual traders to explore more niche options, like Fartcoin, Pudgy Penguins, or Morpho, without needing to jump to a dedicated crypto exchange. eToro even includes some DeFi and metaverse tokens, which is a nice touch if you're into exploring newer narratives in the crypto space.

That said, don’t expect the same deep selection you'd get on crypto-first platforms like Binance or KuCoin. If you’re hunting for obscure altcoins or want access to every token under the sun, eToro might feel a bit limited. But for most people, just getting into crypto, or those who prefer managing everything in one app, it strikes a pretty solid balance.

Transparent Fees

In my experience using eToro, it offers good transaction rates with no hidden fees, though it's not the lowest in the market right now. Check out this table to get a better perspective on how it compares with other exchanges:

Table: Crypto fees comparison between eToro, Binance, and Bybit

I really appreciate how easy it is to check for the associated fees in eToro, even before I start using the platform. The website has a dedicated Fees page that covers all the associated costs in detail. This can help users understand what they're walking into and avoid any unexpected charges.

That said, you may also notice that the fees on eToro are quite high, especially compared to Binance and Bybit. I'll cover why this factor can be worth considering later in this eToro review, so stay tuned!

Beginner-Friendly

All of the other perks that eToro offers lead to a fluid user interface experience and a generally well-crafted site. Everything feels clean, modern, and straightforward, even if you’re brand new to crypto or trading in general.

The dashboard is easy to navigate, showing your portfolio, watchlist, and trending assets without throwing a wall of data at you. You won’t need to dig through dozens of tabs or decipher complex charts just to buy your first coin.

One thing I really appreciate is how beginner-friendly eToro feels. There are helpful pop-ups, tooltips, and explanations throughout the platform, so you’re not left guessing what each feature does.

Plus, its education center and demo trading account let you learn the ropes without risking real money. If you want to get more confident before jumping in, you can explore market trends, trading guides, and videos all in one place.

It’s clear that eToro was designed with newcomers in mind, so if you’re just starting out, this platform removes a lot of the usual friction.

📚 Check Out: How to Get Into Crypto Trading

Up to this point in this eToro review, you have been able to see eToro’s benefits and the company’s strong sides. Let’s take a look at some of the most common complaints that the company receives.

Factors to Consider

If you checked out other eToro reviews or cryptocurrency-related forums on the internet, you’d see that the general population’s opinion on eToro is quite positive.

The factors that probably contribute the most to eToro being positively viewed are their reputation-building skills. The company has managed to establish itself as a reputable and trustworthy broker over the years of its existence.

However, that doesn't mean that the platform is perfect. Here are some factors worth considering before using eToro, both from my own and other users' experiences I found online:

Slow Customer Support

One of the main complaints that people seem to have when it comes to eToro, though, is that the customer support department could use some improvement. There seem to be a lot of issues regarding the support itself, response timers and helpfulness, etc. I found several comments on Reddit complaining about this issue, ranging from 2023 to 2025.

Although it is worth noting that if you're a club-tier user, you’ll likely experience prompt, effective service and appreciate the supportive resources. I came across many positive reviews from tiered account–holders (Gold/Platinum and above) praising dedicated account managers and direct channels.

Another big thing that is often mentioned in regards to eToro not being up-to-par is that the platform itself often tends to freeze, seemingly without any concrete reason. This might simply be because of technical difficulties or server maintenance, but it still lends itself to be a nuisance to a lot of people.

Relatively Higher Fees

As I briefly mentioned earlier, eToro's fees are relatively higher, especially when compared to crypto-dedicated platforms like Binance and Bybit. The platform charges a flat 1% fee each time you buy or sell crypto, and this is on top of the built-in spread, which can range from around 0.75% for Bitcoin to as much as 2–5% for less popular tokens.

This means your total trading costs can add up quickly, even on small transactions.

If you're looking to transfer crypto to an external wallet, there's a 2% transfer fee, capped between $1 and $100, not including blockchain network fees. Withdrawing fiat also comes with a $5 flat fee, and if your account isn’t in USD, you’ll likely pay currency conversion fees, sometimes up to 1.5%, depending on your payment method. There’s also a $10 monthly inactivity fee if your account is idle for over a year.

While eToro’s fee structure is easy to understand, it’s not the most cost-effective. For anyone who trades frequently or wants to keep more of their profits, platforms with lower fees like Binance, Kraken, or Bybit might be more appealing.

	KRAKEN	BINANCE	BYBIT
Maximum Trading Amount (Daily)	-	-	-
Withdrawal Fees	Up to $60	0.0001 BTC	0.0001 BTC
Trading Fees	Up to 0.40%	Up to 0.1%	Up to 0.1%
	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

Table: Pricing comparison for Binance, Kraken, and Bybit

Now, it wouldn’t be a complete eToro review if it didn’t have a checklist, so let’s quickly sum up eToro’s pros and cons.

Table: eToro's pros and cons

All in all, it is evident that most of the eToro reviews have been correct - the company is well-established and has many years of experience to back it up. Even though certain aspects still need tweaking, it is considered by many to be a great platform for both cryptocurrency and other stock trading.

eToro USA

eToro has its main establishment located in Israel, and there are two more facilities in Cyprus and the UK. The company serves both UK and European customers (although some features differ in prices and conditions), but what about eToro USA?

At one point, eToro released a BETA version of a US-based marketplace. During that time, if you lived in the US, you still couldn’t place any funds or start trading (although the company did promise that this feature would become available soon). What you could do, however, was register as an official eToro user and receive $100 thousand in virtual credits.

The company allowed users to play around with these credits and explore the marketplace, so they’d already be familiar with how things worked once the real US-based marketplace launched. It was seen as a smart business and strategic move - eToro could attract potential customers even before offering a fully live service. Back then, it was promised to arrive soon, so many were on the lookout for the official release of eToro USA.

Fast forward to 2025, and eToro has officially expanded its US operations. The beta phase is over, and US users in most states can now fund their accounts and trade a growing list of real crypto assets, including BTC, ETH, and several altcoins. eToro USA Securities Inc. has also launched stock and ETF trading, making the platform more than just a crypto playground.

Overall, the US version of eToro has come a long way from its early testing days. So, if you're interested in trying out crypto-trading on eToro, you're good to go!

How to Start Trading on eToro

I've covered most of the topics you'll need to know about eToro. But you might wonder: "What should I do to get started?" Well, no worries! I've prepared a simple step-by-step guide to help you jumpstart your crypto-trading journey with eToro:

As I said, I find eToro's interface very intuitive. Even if you're completely new to crypto-trading, I believe you can navigate the platform rather easily.

Summary

So far in this eToro review, we’ve covered the history of the company, what it does, how it deals with cryptocurrencies, and some of its pros and cons. If you’ve made it this far, I think a summary of what we’ve covered would be both useful and beneficial.

eToro aims to be the leading company in brokerage, including cryptocurrency brokerage. Having been started back in 2007, the company has a lot of experience in the field of financial investments.

Out of all of the brokers that are currently offering to trade cryptocurrencies, eToro has the widest assortment. This is partly because they were very quick to jump into cryptos when these currencies first started to emerge. Another big reason is that the company seems to believe in cryptocurrencies and the blockchain technology in general, both from technological AND financial standpoints.

One of the most beneficial business decisions that eToro has made was to implement the trade copying feature into its platform. It will bridge the gap between beginner investors who don’t want or have the time to do their research and veterans who have been in the game ever since the inception of Bitcoin.

There are certain specific areas in which the company still has some work to do (platform optimization, customer support), but its overall reputation and years of active experience have been a staple of the company's positive outlook.

With the BETA version of their US platform over, eToro's crypto offerings are now fully available to users in the country except for several states.

Pros

• Secure and reliable
• Accepts fiat currencies
• Lots of trading options

Main Features

• Reputable exchange
• Accepts fiat currencies
• Offers various trading options

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Pros

• Accepts fiat currencies
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Pros

• Beginner-friendly
• Secure
• Decent trading and withdrawal fees

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• Automated tools & bots
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Conclusions

eToro was exactly one of those companies that are determined to change the pace of the game and set their own rules - needless to say, it succeeded in more than one department.

If you’re already an investor and have been doing it for a long time, eToro might suit you. With the “copy trading” system in place, you could potentially earn much more revenue without actually having to do anything but register yourself and your portfolio on the site.

US-based crypto enthusiasts can also use eToro and explore how the platform works since the live version is now live and available in most states as of 2025.

You can also start looking at different cryptocurrency experts from all around - perhaps some of them will have already been registered on the site, and you’ll be familiar with their portfolios and track records, and will be able to choose more wisely when it’s time.

All in all, I hope this eToro review was useful for you in finding out what is eToro. If you do decide to try the site out yourself, I wish you the best of luck with all of the trading to come!

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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.

eToro USA LLC does not offer CFDs, makes no representation, and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Safuan N. Q. D. M., Ahmad A. A., Zain M. N. M.: 'The Concept and Implementation of Contract for Difference in Derivatives Market';

2. Kawai D., Soska K., Routledge B., Zetlin-Jones A., Christin N.: 'Stranger Danger? Investor Behavior and Incentives on Cryptocurrency Copy-Trading Platforms'.