Best Cryptocurrency Exchanges UAE & Dubai

Is eToro good for crypto?

Yes, I’d say that eToro is a good crypto broker. There are a couple of reasons for this.

Firstly eToro has quite a diversified range of 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.

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.

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.

51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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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.

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