What is eToro?

eToro is an international broker offering real stocks and cryptocurrencies as well as CFDs in various asset classes. Sitting at the partnership table with eToro, Twitter will allow its users to access stocks, cryptocurrencies and other financial assets.

Partnering with Twitter What is eToro?

eToro is an online trading platform founded in 2007. The platform, which came to the fore again after its partnership with Twitter, has all the necessary licenses to work in the EU. Business licenses have been issued by regulatory authorities CySEC, ASIC and FCA. The platform includes a wallet for storing cryptocurrencies.

The eToro wallet has the following features:

• Transfer of cryptocurrency such as Bitcoin from the trading platform
• Sending and receiving cryptocurrencies to other wallets
• Conversion from one cryptocurrency to another (e.g. Ethereum to Bitcoin)
• The eToro wallet supports over 120 cryptocurrencies and has an in-app conversion feature that can support over 500 different crypto pairs.

eToro Advantages and Disadvantages

The advantages of the platform include:

• User friendly application
• Commission-free transactions
• Wide choice of payment methods
• social commerce
• EU business licenses from FCA, ASIC and CySEC

The disadvantages of the platform are as follows:

• Not suitable for advanced traders using technical analysis.
• It is possible to open an account in only one currency.

How to Use eToro?

To use the platform, first register by entering your name and email address, choose a password and click Create Account. An email link will be sent to you to confirm your registration. After doing this, log in to the platform using the specified username and password.

You must confirm your account within 14 days. Here are all the documents you need to fully verify your account:

• Valid identity document (passport, ID card, etc.)
• Valid address verification document (bank statement, invoices)

First of all, you should remove the deposit limit by answering some questions. (This process is standard on all exchanges and your personal information is protected). Click the “Complete Profile” button and follow the steps.

From the Deposit button you will be taken to a rich list of payment methods available on the licensed platform. Bank transfer may take several days. Enter the required deposit amount (minimum deposit $50), then confirm the deposit.

To buy Bitcoin, Ethereum or other crypto with the balance already deposited, go to the “Trade Markets” and select your desired currency from the “Crypto” menu. Select Buy Now and enter the number of cryptocurrencies you want to trade. Then click Open Trade.