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The eToro wallet provides trader users an easy-to-use and secured wallet for multi-crypto storage purposes. It offers a simple set of processes to receive, store and transfer cryptocurrencies. Currently, eToro's wallet is supporting an expanding list of cryptocurrencies and assets in the market today. This page will tackle everything you need to know about eToro wallet.
Want an eToro Wallet? To have one, you need to open an account first.
Cryptoasset investing... Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Uses of the eToro Money Crypto Wallet
By using the eToro wallet for cryptos, users can easily perform the
Transfer cryptocurrencies from your eToro trading app.
Receive and sent cryptos to and from other wallets.
Purchase cryptocurrency assets.
Convert / Exchange or transfer one cryptocurrency to another crypto asset.
How to Transfer Cryptos from the eToro Platform to the Wallet?
Transferring your cryptos from the eToro trading platform to your eToro
wallet requires only a few clicks of a button. Here are the steps:
Click "Portfolio" from the left tab of your eToro dashboard.
Select the cryptocurrency you will transfer.
From the list of your "Open" trades for that particular crypto, select
the trade you would want to transfer.
On the "Edit Trade" pop-up screen, select "Transfer to Wallet".
Review the details of the transfer. Afterward, click "Transfer" to
finalize the transaction.
You will see a "Pending Transfer" beside the crypto name.
Remember: You can still change your mind and cancel the transfer until the
pending transfer is completed. It usually takes up to 3-5 business days
before eToro completes the transfer request.
Benefits of Having an eToro Wallet
Since eToro is a trusted trading platform, users can sleep well at night
knowing that their eToro wallet is secured from outside interference and
online hacking. Other benefits of eToro wallet are:
It provides eToro users quick access to the cryptocurrency market using
same eToro trading account login credentials.
It allows users to maximize eToro’s conversion feature to convert
Able to exchange or transfer over 500 cryptocurrency pairs to other
Receive, store and transfer your cryptos using your own unique on-chain
address anywhere on the blockchain.
Ensures a safe wallet by using a set of high-level features such as DDoS
protection, multi-signature and authentication processes and protocols to
protect users from unauthorized access and transactions.
How to Send Cryptos from the eToro Money Wallet to Another Wallet?
To send cryptocurrencies to another wallet, simply follow these steps:
Sign in on your eToro Money app on your smartphone device.
Select the cryptocurrency you would want to send under the "Crypto" tab.
Input the amount you wish to send as well as the recipient's public
address. You can also click the camera icon to scan the QR code of the
receiver for the automatic inputting of the public address.
Double check the address of the recipient before clicking "Send".
Wait for the SMS verification code to be sent to your registered mobile
Enter the code and click "Verify".
A screen will pop-up showing your send request.
You may now check the status of your transfer request on the
Checking the Transaction history
To view your eToro Wallet transaction history, just go to the Transaction
History tab and click the crypto — example: BTC — you want to view. A full
history of your eToro wallet transactions involving the BTC will be
Crypto Conversion Fees
Currently, eToro charges traders a crypto conversion fee of 0.1%. Take note
that prevailing conversion rates are dependent on eToro market rates.
Can I Withdraw My Crypto from My eToro Wallet?
Yes, you may. When you meet set requirements, you can withdraw your crypto
from the eToro trading platform to your eToro Money crypto wallet. The
process you need to perform is the "Crypto Transfer"
Additionally, you can choose to close your cryptocurrency position and then
request for a withdrawal in fiat currency.
To have your own wallet with eToro and start sending and receiving crypto, you need to open an account.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, 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. 68% 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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. eToro USA LLC does not offer CFDs and 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.