eToro’s easy-to-use, multi-crypto, secure eToro Money crypto wallet
- Multiple cryptocurrencies supported
- User-friendly platform that newbies will find easy to navigate
- Unlosable private key for recovering your crypto wallet
- Compatible with Android and iOS mobile devices
- Not supported on desktop devices
- Only users with investment accounts on eToro can use the wallet
Many traders know eToro as one of the best cryptocurrency exchanges due to its excellent features. However, did you know that the broker hosts an inbuilt wallet that is user-friendly and compatible with multiple digital currencies?
Our review below gives you an in-depth understanding of the eToro wallet by taking you through its fees, compatibility with mobile devices, and more. In the end, you should be fully familiar with the wallet and effectively set it up for your investment activities.
Overview
eToro wallet is available to users free of charge. The wallet is user-friendly, and any cryptocurrency trader can use it to buy, store, receive, transfer, and convert crypto assets using a private on-chain address. With eToro wallet, it is easier for traders to change crypto pairs to assets without the need to transfer the assets to another platform. You can access eToro wallet on Google Play or the App Store and set it up free of charge.
Note that eToro wallet is connected to a world-renowned trading platform that offers a wide range of cryptocurrencies and a social platform for skills development. The wallet works in synchronisation with a trading account, meaning you must have an account with the eToro brokerage to access this wallet.
eToro wallet supports a wide range of crypto assets, including Bitcoin, Ethereum, Litecoin, and ERC20 coins. Additionally, the wallet is safe since it is highly reputable and encrypted. You will also have access to unlosable private keys for recovering your crypto wallet access if need be.
Compare eToro with Other Wallets
Supported Assets
eToro has an evergrowing list of supported cryptocurrencies that exceeds 120. Some of the popular assets to transact on this wallet include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Dash (DASH)
- Tether (USDT)
For investors wondering about the supported ERC-20 tokens, note that eToro doesn’t currently support the opening of ERC-20 wallets. The tokens are only available for users who already have such wallets. Overall, it is best to confirm the availability of your preferred crypto asset before using this crypto wallet.
Fees
eToro wallet is accessible via Android and iOS mobile devices free of charge. You will also enjoy sending and receiving cryptocurrencies for free, but you will pay blockchain fees depending on the cryptocurrency network you use to send crypto assets. Additionally, expect to pay fees when converting your preferred fiat to cryptocurrencies.
To ensure maximum safety in your wallet, eToro has set limits for currency conversion. UK investors have an applicable minimum and maximum transaction limits of £56 and £234, respectively. Daily transactions are capped at £200, and a monthly limit of £23,435 also applies.
Note that you may incur additional charges to your bank or card issuer, so it is best to confirm with them and ensure you can afford it.
Security
eToro hosts one of the safest wallets. Besides verifying your information while setting it up, you will access it using your private credentials, including username, passcodes, two-factor authentication, and face ID. Moreover, eToro is backed up by DDoS protection and standardisation protocols to prevent unauthorised access.
We also consider eToro safe because it is highly reputable globally and has gained plenty of excellent reviews on Google Play and the App Store. Besides, the wallet has no history of getting hacked.
Privacy and Anonymity
eToro is a hot/software wallet that secures your assets online. To guarantee maximum safety, the wallet only provides unlosable private key service to help you recover your wallet in case you forget your password. Additionally, you will have a private on-chain address for securely sending, receiving, and storing your cryptocurrencies within its blockchain.
Customer Support
eToro wallet has a responsive support service that provides relevant solutions to investors’ arising issues. The service is available via email, phone, and live chat five days a week. There is also a small FAQ section for quick answers to commonly asked questions.
How to Start With eToro Wallet*
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
The procedure for setting up an eToro wallet is straightforward. Here are the steps to follow.
- Download the wallet from Google Play or the App Store and register for an account. If you have a trading account with the trading platform, use your credentials to log in.
- You will be required to share your personal details, including your name, email, phone number, and date of birth. Investors must also create a username and password for maximum security.
- eToro will require you to verify your identity, phone number, and location to have your wallet fully activated.
- Once your account is fully activated, you should be able to transfer and receive cryptocurrencies from eToro and other preferred trading platforms.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
Editor’s Note
One thing that stands out about eToro wallet is its highly encrypted platform that prevents unauthorised access. By taking measures to ensure no one has access to your data and assets, we highly recommend the wallet to all cryptocurrency investors. Simply ensure it supports your preferred asset and fits your budget.
On the flip side, only investors with accounts on its decentralised exchange can access the wallet. We hope to see eToro improving on this feature and allow users investing using external exchanges to benefit from it. All in all, eToro is a user-friendly wallet supported by one of the highly rated exchanges and CFD trading platforms globally.
Disclaimer: 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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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.
FAQs
Yes. eToro wallet is one of the safest since it secures investors’ assets using unlosable private keys and on-chain addresses.
eToro wallet helps investors safely store their cryptocurrencies. With this wallet, it is easier for you to buy, sell, and transfer your crypto assets across blockchain networks. eToro wallet supports hot/software storage that is highly secured to prevent unauthorised access.
Not that most financial institutions like banks do not accept cryptocurrencies. Therefore, you must first convert your crypto assets into GBP currency to withdraw your earnings.
Besides the UK, you can use eToro wallet in any other country globally where the broker is licensed and regulated. Therefore, ensure you confirm the availability of eToro in a country you want to use it in before getting started.
Perfect client experience with eToro and their client relations executives. Whenever I've needed to talk with them, they've been available and helpful, providing answers and solutions, as well as a genuine human interaction. Good interface as well, with plenty of valuable details.
Perfect client experience with eToro and their client relations executives. Whenever I've needed to talk with them, they've been available and helpful, providing answers and solutions, as well as a genuine human interaction. Good interface as well, with plenty of valuable details.
Satisfied with this app. A very simple wallet for beginners. The withdrawal of eth was waiting for a long time, but everything is fine, so I'm glad)
Satisfied with this app. This is a simple wallet for beginners. The withdrawal took some time, but everything is fine, so I am glad)
In my opinion, eToro was built for a great customer experience first and foremost. Awesome platform, never had any downtime, good ancillary products such as a credit card and money account.
I have been using the services of this wallet for about a year and a half - everything was fine and I had no problems with withdrawing money. Can admit great customer service
I withdrew from etoro and brought it to the ban in seconds. In general, the application works quickly and deserves my five stars!
etoro in my opinion is a famous and reliable broker, which is easy to understand and use. I have been with them for nearly 4 years and use their trading platform and etoro wallet, of course. etoro wallet has a wide range of cryptocurrencies and it is free of charge
I think that the app has a good future. Smart move from eToro for the long run. Nice design overall. Easy to use and quick to navigate. Fast cash deposit and withdrawal, with very low FX conversion costs (EUR/USD).
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal