eToro Wallet

The eToro wallet provides trader users an easy-to-use and secured wallet for multi-crypto storage purposes. It offers a simple set of processes to receive, store and transfer cryptocurrencies. Currently, eToro's wallet is supporting an expanding list of cryptocurrencies and assets in the market today. This page will tackle everything you need to know about eToro wallet.

Uses

By using the eToro wallet for cryptos, users can easily perform the following:

• Transfer cryptocurrencies from your eToro trading app.
• Receive and sent cryptos to and from other wallets.
• Purchase cryptocurrency assets.
• Convert / Exchange or transfer one cryptocurrency to another crypto asset.

Platform to Wallet

Transferring your cryptos from the eToro trading platform to your eToro wallet requires only a few clicks of a button. Here are the steps:

1. Click "Portfolio" from the left tab of your eToro dashboard.
2. Select the cryptocurrency you will transfer.
3. From the list of your "Open" trades for that particular crypto, select the trade you would want to transfer.
4. On the "Edit Trade" pop-up screen, select "Transfer to Wallet".
5. Review the details of the transfer. Afterward, click "Transfer" to finalize the transaction.
6. You will see a "Pending Transfer" beside the crypto name.

Remember: You can still change your mind and cancel the transfer until the pending transfer is completed. It usually takes up to 3-5 business days before eToro completes the transfer request.

Advantages

Since eToro is a trusted trading platform, users can sleep well at night knowing that their eToro wallet is secured from outside interference and online hacking. Other benefits of eToro wallet are:

• It provides eToro users quick access to the cryptocurrency market using same eToro trading account login credentials.
• It allows users to maximize eToro’s conversion feature to convert supported cryptos.
• Able to exchange or transfer over 500 cryptocurrency pairs to other crypto assets.
• Receive, store and transfer your cryptos using your own unique on-chain address anywhere on the blockchain.
• Ensures a safe wallet by using a set of high-level features such as DDoS protection, multi-signature and authentication processes and protocols to protect users from unauthorized access and transactions.

Another Wallet

To send cryptocurrencies to another wallet, simply follow these steps:

1. Sign in on your eToro Money app on your smartphone device.
2. Select the cryptocurrency you would want to send under the "Crypto" tab.
3. Input the amount you wish to send as well as the recipient's public address. You can also click the camera icon to scan the QR code of the receiver for the automatic inputting of the public address.
4. Double check the address of the recipient before clicking "Send".
5. Wait for the SMS verification code to be sent to your registered mobile device.
6. Enter the code and click "Verify".
7. A screen will pop-up showing your send request.
8. You may now check the status of your transfer request on the "Transactions" screen.

Transaction History

To view your eToro Wallet transaction history, just go to the Transaction History tab and click the crypto — example: BTC — you want to view. A full history of your eToro wallet transactions involving the BTC will be displayed.

Conversion Fees

Currently, eToro charges traders a crypto conversion fee of 0.1%. Take note that prevailing conversion rates are dependent on eToro market rates.

Withdrawal

Yes, you may. When you meet set requirements, you can withdraw your crypto from the eToro trading platform to your eToro Money crypto wallet. The process you need to perform is the "Crypto Transfer"

Additionally, you can choose to close your cryptocurrency position and then request for a withdrawal in fiat currency.