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Trading Cryptocurrencies with the World’s Largest Social Broker – eToro

Last Update: December 18th, 2023

This content is not intended for US users. eToro USA LLC does not offer CFDs, only real Crypto assets available.

Cryptocurrencies and social trading make a powerful combination! Both have been growing exponentially during the last couple years. The world’s most powerful social broker, eToro, is expanding at a supersonic pace and has more than 6 million users! As a pioneer in its field, eToro offers a range of cryptocurrencies to choose from, including bitcoin (BTC), ethereum, Litecoin (LTC), Dash, and Ripple (XRP).

Social trading is a revolutionary way of trading, investing, and earning money as a popular investor. eToro’s cryptocurrency offering will change the way you see trading!

Trading Cryptocurrencies with eToro, Yoni Assia
Mr Yoni Assia, the CEO and founder of eToro.

What is Cryptocurrency?

In short, a
cryptocurrency is a digital or virtual currency which is usually created by computers performing painstaking mathematical computations and thereby converting electricity into long strings of code that have monetary value. This computing is done in a distributed network and is called cryptocurrency mining.

Although not all cryptocurrencies are created in this way, most of the prominent ones are. The algorithm which is normally used to mine cryptocurrencies is a decreasing-supply algorithm which limits the supply of these cryptocurrencies by means of encryption techniques.

What is Social Trading?

A good social trading platform allows its users to interact with each other, exchange trading information, and automatically copy one another’s trades.

With eToro, individuals who comply with certain requirements can become part of
eToro’s popular investor program. eToro’s popular investors can be copied by other eToro users and are able to earn commission, and other benefits from eToro, depending on their level, and the dollar amount of assets under management (AUM).

One of eToro's popular investors
*Past performance is not an indication of future results.

Wes Nolte has returned an astounding 90.62% in the last 12 months and has 3,759 people who copy his trades.

Traders and investors who use eToro’s social trading platform, can either place their own trades or copy the trades of popular investors on the same trading platform. Investors and traders can copy a popular investor with an allocation as little as $500. The trades are proportionately copied to the copying traders’ accounts. That means, that if the popular investor (copied trader) opens a trade with 1% of his trading account, a trader who copies him with $500, for example, will have a $2 trade opened in his account. The minimum copied trade size is $2 with eToro.

This is a great advantage offered by eToro because traders with small accounts are able to gain exposure to different assets which they wouldn’t have had access to if they could only trade in the ‘traditional’ way (open trades in their own accounts which requires much more capital).

For example, a trader with $200 in his eToro trading account, is not able to
open a trade on 
ethereum because the minimum trade size is $250. However, if this trader allocates $100 of his
eToro trading account to a popular investor who regularly trades ether, he will definitely be able to have ether trades opened in his account because the minimum copied trade size on ether is $1 as stated above. Brilliant, isn’t it?

Trading Cryptocurrencies with eToro, the World's Largest Social Broker 3 (Eggs in basket)

By copying popular investors, you can effectively distributed between different assets so that you don’t have all your eggs in one basket.

Why Do Over 6 Million Individuals Trust and Trade With eToro?

eToro offers a wide range of financial instruments to trade: forex, commodities, exchange-traded funds (ETFs), stocks, and also cryptocurrencies. We honestly don’t know how many instruments eToro offers right now because they’re constantly adding more of them to their list of more than 1000!

Other aspects that make eToro the most popular social broker worldwide, include their trustworthiness (regulated by CySec, FCA, and NFA), their state-of-the-art copy trading platform, their impeccable popular investor program, their innovative CryptoPortfolio offering, and their massive user base.

Cryptocurrencies Offered by eToro

As mentioned already, eToro is constantly adding more assets to its offering, so this list of cryptocurrencies can change at any time:

  • Bitcoin (BTC)
  • Ether (Ethereum) (ETH)
  • Ethereum Classic (ETC)
  • Dash
  • Litecoin (LTC)
  • Ripple (XRP)

How to Trade Cryptocurrencies With eToro

Manual Cryptocurrency Trading

Trading cryptocurrencies manually with eToro is really simple:

  • Open an eToro trading account.
  • Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
  • Fund the account with a minimum of $300 if real money trading is required ($200 is fine if other instruments with smaller capital requirements will be traded). No deposit is required for practise trading.
  • Click on “Trade Markets” and navigate to the cryptocurrency you’re interested in.
  • Open the cryptocurrency chart and place a market or pending order via the sell or buy buttons (S and B) at the top of the chart.
  • Your unleveraged cryptocurrency trade/order is now ready.

Cryptocurrency Copy Trading

Cryptocurrency copy trading with eToro is just as easy as manual trading. In fact, it may be even easier because traders needn’t perform any technical or fundamental analysis. The most important decisions the copier needs to make is to decide who to copy and how much money to allocate to each trader. To copy the cryptocurrency trades of successful popular investors, simply follow these steps:

  • Open an eToro trading account.
  • Fund your trading account with a minimum of $500. No deposit is required for practise trading.
  • Click on “
    Copy People” and select the crypto option in the “Who Invest In” drop-down menu.
  • Set the other filter parameters you prefer and click “Go”
  • The search results will show traders who trade or have traded cryptocurrencies. Please note that most traders who trade cryptocurrencies also trade other assets, especially stocks.
  • Take a look at these traders’ risk ratings, historical performance, number of copiers, portfolio instruments, and other trade statistics.
  • Select the traders you like and allocate capital to them by clicking “Copy”. Set the necessary parameters (copy amount, “copy open trades” yes or no, etc.) and click copy.

Invest in Crypto Portfolio, eToro’s Innovative Cryptocurrency CryptoPortfolio

With its Crypto Portfolio, eToro offers an excellent way of investing in cryptocurrencies. With a minimum investment of $500, investors get a balanced and managed investment in the top cryptocurrencies. Here is an example of how the Crypto Portfolio may allocate investors’ capital:

Trading Cryptocurrencies with eToro, the World's Largest Social Broker 4 (eToro Crypto Portfolio allocation)

eToro’s Crypto Portfolio Allocation (this is adjusted from time to time).

This allocation between different cryptocurrencies is reviewed by eToro’s analysts on a monthly basis and adjusted if necessary. Cryptocurrencies used in eToro’s Crypto Portfolio need to satisfy specific requirements to qualify for inclusion in the fund.

Trading cryptocurrencies with eToro is ultra-effective and really easy. Join the world’s largest social trading community today and
trade cryptocurrencies with eToro!

online Rubik’s solver program can find easily the moves to sove a scrambled cube.

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. 76% 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 highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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.