eToro Offers 2 Ways To Trade Crypto Assets

eToro is an Israeli social trading broker established in 2007. It serves UK clients by an FCA regulated entity and others by a Cypriot entity. It is neither listed on a stock exchange nor has a bank parent, but it is a well-known fintech startup.

Over five years ago, in 2013, eToro took its first foray into crypto trading when the company launched their bitcoin market. eToro has a fun, easy-to-use web and mobile platform. It has innovative features: social trading lets you copy others and CopyFunds allows thematic investing. It has competitive trading fees. Account opening and funding your account are quick and seamless.

There are two main ways eToro’s 10 million+ users can gain investment exposure to the exciting world of cryptocurrencies: you can either buy any of the 12 types of crypto assets directly on the platform, or trade against their prices in their markets.

Here you can open and close positions on the price of bitcoin via a Contract For Difference (CFD) just like you can with the platform’s currency or forex markets, equities markets, and other asset classes. Simply put, a CFD is a form of derivative trading. CFD trading enables investors to take a position on a range of financial instruments without owning the underlying asset, and is exempt from stamp duty (though not free of all tax). The main feature is being able to go long or short with leverage.

Those who use CFDs can also benefit from “leveraging”, as mentioned above. This is the ability to increase the potential profits you can make against the initial outlay, in exchange for increasing the risk. Therefore there is a potential for bigger losses. This feature can make CFDs particularly appealing for short-term traders.

Those who use CFDs can also benefit from “leveraging”, as mentioned above. This is the ability to increase the potential profits you can make against the initial outlay, in exchange for increasing the risk. Therefore there is a potential for bigger losses. This feature can make CFDs particularly appealing for short-term traders.

Since launching the bitcoin market in 2013 eToro has dedicated a vast amount of time and effort to expanding their cryptoasset trading capabilities. They have quickly acted on customers’ requests to have the ability to actually buy and sell world-leading cryptoassets, as well as trade against their valuations. As of September 2017 users have been able to purchase all cryptoassets outright, directly from the eToro platform

A key difference with buying the assets, as opposed to trading CFDs, is that you will own the coin, token, or asset – you are not just trading against its fluctuations in price. This means, once eToro has launched this capability, users will be able to transfer certain assets to an online wallet or ledger hard drive, exchange it for other cryptos, or even use it to pay for goods and services. When you purchase coins on eToro you will benefit from all the usual high-quality security and technical infrastructure that is applied across the platform. This includes robust identification checks and fast online verification.

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