You have certainly heard of eToro before. This platform is a real juggernaut in the investment world. Whether in cryptocurrency, currencies, commodities or even shares, eToro touches on everything! Let's find out together what this platform is, what it allows and if it is a good option for you !
Mis à jour le 11/27/2023 à 14:15
If you are new to crypto and looking to start investing in this medium, eToro might be of interest to you.
Launched in 2007, the eToro broker aims to allow all investor profiles to invest in financial assets. The platform has evolved a lot over time to tend towards the most complete service possible.
eToro has not always offered cryptocurrencies. When it hit the market in 2007, Bitcoin hadn’t even been invented yet. However, today it is one of the main sites for buying Bitcoin, Ethereum and all kinds of other digital currencies.
Initially, eToro was a trading platform, a broker. It was one of the first sites to offer this type on the market. What makes eToro different is that they never stopped caring about the user experience.
eToro’s main concern is to provide an easy and pleasant to use interface for beginners and experienced investors.
During its years of evolution, eToro has continued to innovate by becoming, in particular, the first social trading platform. That is to say, a platform that combines investment in financial assets and a social network of traders where each user has a profile and can interact with others.
They have thus created a real community of people who exchange their ideas, their good plans and also their losses.
Later, the bull-horned platform was one of the first to get into copy trading.
Copy trading is the act of following the investments of experienced traders who have good results by aligning themselves with their investments. This allows a novice investor to benefit from expertise without having any personally.
It was not until 2017, 10 years after their launch, that eToro began to offer its users to buy cryptocurrency. Even if it seems late compared to their launch (2007) and the launch of Bitcoin (2009), remember that in 2017, very few people were interested in it and a bitcoin cost less than 10,000 euros.
However, it was in 2017 that Bitcoin experienced its first gigantic rise and eToro wasted no time in also being one of the forerunners in the accessibility of cryptos for the general public.
Winning bet.
eToro is not just a crypto trading platform. Originally, the platform came on the market to democratize trading and allow anyone to easily invest their money in assets.
Today, eToro’s offer covers 6 substantial financial markets :
The very wide offer offered by the broker is advantageous for users who can find the majority of the most accessible investments on a single platform.
In addition to pure investments, eToro offers exclusive user-oriented features and user experience.
It is indeed possible to :
The features offered by eToro are interesting for beginners because they can start investing by communicating with other investors and following expert signals. This allows them a good introduction less risky than if they start alone.
Since they were added to the platform, eToro has become a benchmark in cryptocurrencies. This is the solution chosen by a lot of people who want to buy their first cryptos.
It is obviously possible to buy Bitcoin on eToro, but not only. Over the years, eToro’s crypto catalog has grown and now includes more than 100 different cryptocurrencies.
Here are some cryptos that can be purchased through the eToro platform :
Within its platform, eToro offers its investors to store their cryptos in the eToro wallet. It allows users to have a public address to directly exchange their cryptos on the blockchain.
This type of wallet is called custodial wallet, it is internal to the platform and does not really belong to you.
As you can see, eToro is a platform that aims to make life as easy as possible for its users. For this reason, eToro registration is very easy and very intuitive.
It only takes a few minutes to have access to a substantial catalog of investments of all kinds.
To register on eToro, all you need to do is :
The most tedious step will be to verify your account. Indeed, the verification procedures of investment platforms are always consistent. However, it remains easy and fast (usually less than 24 hours).
This is a question that burns the lips of all of us. It’s all very well to have access to so many services and investments, but it must come at a cost !
What are the eToro fees charged by the platform? Obviously, the trading site has thought of everything and does not want to scare away budding investors with fees that would be scary.
In the same way as their colleague Bitpanda, eToro has tried not to charge any fees !
However, they have to finance their platform, so how is it going ?
On paper, eToro appears as a volunteer platform that charges no fees for its services.
Here are the stocks that require no eToro fees in 2022 :
Here are the positions on which eToro fees are charged in 2022 for investors :
eToro is one of the largest investment platforms in the world. Plus, it’s been around for 15 years. These are not absolute arguments but they are 2 important signals to judge the seriousness of a platform :
The platform is very intuitive and allows anyone to start investing in cryptos (or otherwise). It is an accessible solution that also allows you to measure your risks since you can follow traders according to their success rates.
The features offered by eToro are also interesting and constitute low-risk investment strategies. Also in terms of fees, eToro stands out since the fees are very low.
Our eToro opinion is quite positive given these different arguments.
eToro versus Binance is a bit like David versus Goliath. There is no absolute answer or hands down winner.
These are two very well-known and serious platforms but which do not meet the same needs.
Binance is 100% focused on crypto and web3 while eToro touches more areas.
In general, we will advise beginners to turn to a platform such as eToro which is easier to learn. Binance can seem a bit complicated at first if you don’t have basic knowledge.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
Risk Warning: Trading financial instruments and/or crypto-currencies involves high risks, including the risk of losing all or part of your investment, and may not be suitable for all investors. Crypto-currency prices are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases financial risk.
Before deciding to trade in financial instruments or crypto-currencies, you should be fully informed of the risks and fees associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and tolerance for risk, and seek professional advice if necessary.
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