Why eToro Why eToro over others?

What are the reasons to do your trading in cryptocurrency on eToro? The broker has a range of advantages for traders, such as:

• Practice in virtual trading: An ever-changing market is a good reason to test your trading strategy prior to placing your first purchase order. eToro is among the few cryptocurrency brokers we’ve come across that provides the practice account of virtual trade to cryptocurrency.
• CopyTrader feature to provide insider trading details:eToro’s unique CopyTrader function lets you “copy” the buy and sell orders that are placed by professionals who invest in cryptocurrency. This is a win-win situation for both professional and copiers. Followed users earn commissions when they copy, which helps encourage users to trade profitably. New investors are provided with a higher degree of assistance when placing their first order.
• Spread pricing with single payment:eToro’s unique spread pricing lets you pay one, low-cost percentage commission on trades. You may even receive an amount of that you pay in the event that you lose a substantial amount of money in trading. The commissions you pay only at the time you purchase. This can be extremely beneficial to traders with high volumes.

Quick Summary of Brokerage

eToro Pricing

As with many other cryptocurrency trading platforms, eToro charges a spread between the bid and asking prices for trading. Spread is a charge paid by the broker in exchange for the execution of your trade. eToro charges the user a percentage spread based on the crypto you’re trading. Additionally, you do not have to pay any commission above the spread. There’s an uncapped percentage when you purchase the asset, that is adjusted each time you sell. If you fail to make a substantial amount of money from trading, you’ll get some portion of the spread that is an option that we’ve not seen in the other brokers offering cryptocurrency.

eToro offers an amount that is based on a percentage, which varies according to the cryptocurrency. In general, the spread ranges between 0.75 percent and 2.5 percent, based on the currency you select to put your money into. Look over a few examples of digital currencies that are supported through eToro below:

eToro does not have a minimum amount that you have to keep. You must however make a minimum transfer of $50 to your account each time you deposit money. If you are buying cryptocurrency the minimum purchase amount is 20 dollars. If you’d like to utilize the eToro CopyPortfolio option, then you’ll have to invest a minimum of at minimum $200 and each trade must be worth at minimum $1. Margin trading is not currently allowed for trading in cryptocurrency.

eToro Usability

The market for cryptocurrency trading is not always a good place for novice traders. eToro provides a straightforward and easy-to-use platform that can be mastered by anyone within just one or two trades.

A few of the features we enjoy about eToro include:

• An easy, fast registration process:Signing up with eToro is as easy as filling out a few personal details and authenticating your identity. The majority of traders are capable of establishing an account within 10 minutes.
• A dashboard that resembles social media:Have you ever wondered what people think regarding Bitcoin, Litecoin and other cryptocurrency on social media? The trading platform of eToro doesn’t just permit you to purchase and sell cryptocurrency, but it also lets you connect with other traders as well as see what other traders’ opinions are about the currency you’d like to trade. Simply click on the cryptocurrency you’re thinking of buying or selling in order to learn more about what other traders have to say about the coin.

• Easy buy and sell order processing:eToro’s platform is easy to use for those who are new and offers simple order placing and the most current price information. eToro has real-time charts and price updates via their ProCharts feature (which lets you display multiple charts and use charts tools) as well as a no-cost sentiment calculator for each currency that is available through the site. Although it doesn’t have the same amount of analysis and charting tools as other platforms, its simple interface can be a refreshing alternative for those who are just getting started in the cryptocurrency trading market.

eToro Education

eToro provides a variety of tools for traders to help them improve their cryptocurrency trading. They can also decide what coins merit investing in and make decisions with regards to buying or selling. selling.

Our top tools for learning and trading that are that are available on eToro include:

• Practice portfolios for virtual practice:Though some major trading websites and brokers permit you to open the “paper trading” account to test your strategy for trading stocks however, it’s not common to see brokers extend the same capabilities to cryptocurrency. The virtual account mimics the actual trading account. It allows you to practice your trading strategy , or try buying and selling transactions using a virtual $100,000 practice account. This is particularly helpful for beginners in cryptocurrency trading who are still trying to get grasp of understanding the indicators as well as spreads.

You can search portfolios of professional traders based on their most popular assets, popularity, names as well as year-to-date returns, and much more. You need to have a minimum investment of at least $200 to be able to benefit from the CopyTrader function.

• Quick watchlist feature: The cryptocurrency market changes swiftly. The platform of eToro lets you quickly create watchlists of various currencies you’re interested in, and also set up individual alerts.
• eToro Club:eToro has recently launched the eToro Club feature, which offers users additional education benefits based on the amount of assets to invest in. The benefits of membership are a range of exclusive marketing newsletters , to invitations to live events which will be resumed after COVID. The access for members of the eToro Club doesn’t come with any additional costs and there are a variety of different levels of membership. The membership level you choose is contingent on the value you initially put into the assets you put into your portfolio. The most extensive benefits offered to customers with greater than $250,000 in assets under control.

eToro Customer Support

For the majority of eToro questions, you’ll have to make support tickets through the online platform of the crypto broker. You can check this help ticket system by visiting this. The company says that it could take up to seven days to receive an answer from customer service which is significantly more than the majority of other major brokers.

Live chat is only available to those that have current eToro accounts. If you’ve got an existing eToro accounts, then you are able to use live chat on the brokerage’s desktop anytime, from every day, from Monday to Friday.

eToro does not currently provide any kind of support via phone or support for users who have hearing impairments. There’s also a help center for customers.