Actually yes, I’d say that eToro is a good crypto broker. There are a few reasons for this.
- Firstly eToro has quite a diversified range of other markets to trade, so if crypto only forms a small part of your investing portfolio (as it should do) you can also invest in other things like UK and US stocks and ETFs.
- Secondly, they are regulated by the FCA for these activities, unlike Binance or Coinbase which only focus on crypto).
- Thirdly, you can withdraw cryptocurrency from eToro instead of keeping it on their trading platform, this is particularly important if you want to keep safe custody of your cryptocurrency so you don’t need to worry about, yet another crypto broker going bust.
- Fourthly, there are crypto funds on eToro, so you can invest in a bunch of cryptocurrencies in one go. Which saves you trying to pick out the best coins if you just want exposure to the sector.
There is a downside though to trading crypto through eToro and that’s the fees. Generally, eToro is quite an expensive broker for crypto. eToro is expensive for crypto because quite they do at least some vetting before (as their UK MD told me) they add them to the platform, so you have a smaller chance of being caught up in a crypto pump-and-dump scam.
A good all-around cryptocurrency investing platform, suitable for those wanting to invest in the most popular crypto coins.
I’d say that eToro is better than Binance and Coinbase for crypto trading for the average investor, but for those who want more exotic cryptos and are happy to take on more risk a specialised crypto exchange may be more suitable.
With eToro you can buy and sell cryptocurrency on their normal investment platform in USD or for advanced crypto investors you can deposit and withdraw crypto on the eToro crypto exchange.
Crypto Fees: The 1% fee for trading crypto is included in the buy-sell spread when you trade crypto.
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Compare eToro to other cryptocurrency exchanges
| Cryptocurrency Platform | Number of Cryptocurrencies | Costs & Fees | Minimum Deposit | GMG Rating | More Info |
|---|---|---|---|---|---|
 | 150 | 3.5% | $50 | See Offer Capital at risk |
|
 | 30 | 1.99% | $50 | See Offer Capital at risk |
|
 | 120 | 1% | From $50 | See Offer Capital at risk |
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