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eToro

4 from 1 vote
United Kingdom

Fees

Taker fee

Maker fee

Withdrawal fee

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


eToro was originally not a cryptocurrency exchange, but rather a general trading platform. It comes from the United Kingdom. United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, Indacoin, MixCoins, Paybis, Vaultoro and Instant Bitex.

The platform has now enable cryptocurrency purchases/sales, following which it can potentially be your number one platform for cryptocurrency trading.

The platform does not charge taker fees and maker fees in the same way a regular cryptocurrency exchange does. Instead, eToro’s income comes from their “spread”. This means that if Bitcoin for instance is trading at USD 10,000, you can buy it at the platform for 10,075 and sell it at eToro for 9,925. The difference between the purchase price/sale price and the current market rate is the “spread”. eToro’s spread is 1.5% for BTC. All information on fees is available here: https://www.etoro.com/sv/customer-service/market-hours-fees/?category=crypto-currencies

A more thorough analysis of the trading experience at eToro will be available here in due course.