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Investment app eToro is set to launch a debit card after the acquisition of UK based e-money business, Marq Millions.
Travel back in time with eToro’s Investment Time Machine, which allows users to see how profitable they would have been if they had made a certain investment in the past. It aims to make investors aware of the returns and risks they assume.
On the eToro trading platform, trades are made by dollar amount, rather than by unit of an asset. That means that you don’t need to buy whole units of an asset; you can buy just a fraction of a cryptocurrency, starting from a minimum of $25 per trade.
Please note that there is a $50 minimum for depositing funds.
Yes, if you are a US resident, your cash holdings are FDIC insured for up to $250,000.
Your USD funds are held in an FDIC-insured custodial account. Even if eToro were to fail, your money would be protected and returnable to you (up to $250k).
No. However, eToro offers a separate app (eToro Money) with an integrated multisig wallet as an easy and convenient way to use your crypto externally. Once a cryptocurrency has been transferred to the eToro Money wallet, it may be used to send external payments. For more information about the allet, click here.
Please note that cryptocurrency transferred from your eToro portfolio to the wallet cannot be transferred back again into your portfolio.
No. eToro makes cryptocurrency trading simple. There is no need to memorize complicated addresses and passwords for multiple digital wallets — all you need is your eToro login and you’re ready to trade.
If, however, you would like to access your cryptocurrency directly, the eToro Money wallet is the perfect solution. It is seamlessly integrated to receive transfers from your eToro portfolio in order to use your crypto for external payments. For more information about the wallet, click here.
Please note that cryptocurrency transferred from your eToro portfolio to the wallet, the funds cannot be transferred back again into your portfolio.
eToro is currently rolling out cryptocurrency trading across the USA.
Virtual trading: All US residents may register for an eToro account for free and create a virtual portfolio.
Real trading & deposits are currently supported in the following states: