Is etoro good to invest in
For a few weeks now, many people who are starting to trade on the depósito market have asked me about a reliable broker to invest in cryptocurrencies.
I have been investing in all kinds of operations for 4 years now, but 2 years ago, when I wanted to start investing in cryptocurrencies, there were hardly any platforms to work with these coins.
One of the few brokers that did so was eToroand although I had already operated with them with traditional assets like stocks of companies or currency pairs, I wasn’t sure if it would work just as well for products like Bitcoin and Ethereum.
Here I tell you my thoughts on trading cryptocurrencies with eToroand everything you need to know about this platform before trading with them.
What will you find in this article?
▶ How does eToro work?
▶ What cryptocurrencies does eToro have to invest in?
▶ What is the minimum deposit to invest in cryptocurrencies?
▶ How to invest in cryptocurrencies with eToro
▶ My opinion on investing in cryptocurrencies with eToro
whatHow does it work eBull?
EtoroUnlike other investment platforms, it works in 2 different ways: as a manual trading platform and as a popular trading platform.* Risk alert: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you perro afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
To tell the truth, one of the reasons why I got hooked on using this system is that it offers you these 2 options that make the investment process be much easier.
He manual trading is the most common way and old to invest.
In this case you will have to select the options in which you want to invest.
This implies some level of knowledge or experience in the matter, since the iniciativa is that you perro hit the projections you make about the different assets.
If you do manual trading you should be aware that you will be the one to evaluate all the options and will make the investments directly.
This mode is ideal for those people who they have experience in the field of investments or who at least know about it.
The second way to invest that eToro offers you is the popular trading.
You are probably very familiar with the popular networks and you are constantly checking all the posts shared by your friends and all the people you follow.
Popular trading works like a kind of popular network.
The difference is that instead of watching and sharing your friends’ posts, you cánido vea and copy the transactions of other traders worldwide.
* Risk alert: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
The big advantage of this is that You don’t need to know anything about investments or the depósito market to start having success with your operations because all you have to do is look for successful traders, and copy their strategies.
Of course, there are certain aspects that you should take into consideration before you start copying other people’s investments.
The most important thing is that you verify that the return on investment of the person you are copying is high.
Otherwise, the risk you run of losing your investment would be greater.
What cryptocurrencies does eToro have to invest?
eToro currently has a list of 12 digital currencies in which you perro invest.
You probably think that the list is short, but you should take into account that the system has the most important virtual currencies or more promising of the moment.
Being one of the best options for brokers to invest in cryptocurrencieseToro only offers the digital currencies that cánido give you more profitability in your operations.
I have had the opportunity to work with different systems trading and more than once I have encountered some unpleasant surprises.
In some cases brokers not include very relevant cryptocurrencies to investwhile in others they only include the 3 most important cryptocurrencies.
In the case of eToro, we perro not only see the largest cryptocurrencies of the moment.
This platform also includes some options that, despite not being as habitual as Bitcoin, Litecoin or Ethereum, They project pretty well.
The 12 options that eToro offers you to invest in crypto assets are:
- Bitcoin (BTC)
- ethereum (ETH)
- Litecoin (LTC)
- dash (DASH)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Stellar (XLM)
- EOS (EOS)
- Neo (NEO)
- Bitcoin Euro (BTCEUR)
- Ethereum USD (ETHEUR)
* Risk alert: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you perro afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
This list of digital currencies may eventually vary.
The eToro team perro editar it to add other cryptocurrencies that become important in the market.
The iniciativa is that you perro always count with a updated cryptocurrency list so you perro invest in very current assets and of the best quality.
Which is the minimum deposit to invest in cryptocurrencies?
The minimum deposit to invest in eToro is $200.
I have tried many brokers over the years, and this is one with the lowest deposit of all.
On other platforms they ask for much larger amounts like $300, $500, and some will even ask you for $1000 to start.
So compared to eToro’s $200, this one is pretty low.
It is also true that there are very good quality platforms such as for example IQ Option that require a lower initial deposit amount ($10).
but in them you cannot copy the strategies of other investors as is the case with eToro.
In my trading career I have come across many platforms that require a much higher initial deposit amount than eToro and do not offer not half the benefits that this broker has.
However, if you just want to see how this broker works, and give it a try without risking your money, also offers a free demo account where you cánido practice your investments.
* Risk alert: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
Another thing that caught my attention on eToro is the variety of methods that they give you for deposits in general.
Depending on the country in which you are, you cánido make deposits through your debit or credit card, or with Paypal, Neteller, WebMoney, Skrill, Giropay and bank transfer.
Even if any of these payment systems are not available in your country you cánido review the options when making a deposit, since eToro could include specific platforms They work only for certain countries.
how to invest in cryptocurrencies with eToro
1. Sign up to eToro
The first step you must take to start investing in cryptocurrencies is To open an account on eToro. registration is freeand it will not take you more than 2 minutes to complete the information they ask for.
* Risk alert: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you perro afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
After clicking on the backlink above, you will go directly to the eToro page to invest in cryptocurrencies.
All you have to do in this step is fill in the data that the system requests: name, surname, correo electrónico, a nombre de usuario, telephone number and a password.
then you must accept all terms and conditions of the platform and clic on the blue button that says “START INVESTING” as it appears in the image below.
after you do this you will have your account on eToro active and almost ready to invest in cryptocurrencies.
2. Make your first deposit to start investing
The second step is as easy as make the initial deposit to start your trades on eToro.
In the previous section I told you the total amount of the first deposit is $200.
In this step all you have to do is clic on the blue button that says “DEPOSIT FUNDS”, of course, to do this you must be logged in to your account.
Once you clic on this button, the platform will immediately take you to a new page where you must entrar your payment details.
Methods of making deposits on eToro they are very varied and they perro change according to the country in which you are.
On this page you will find a payment methods sectionwhere you cánido see all the methods to make deposits in the system that are available in your country.
Once you select the payment method you must fill in the data corresponding to The Billing that you will also find on this page: name, surname, address and telephone.
After filling all these data clic on the “Send” button and your deposit will already be in process.
3. Find the best traders
One of the reasons why I recommend eToro to you is because of my own experience and all the positive opinions from friends and acquaintances about their popular trading system.
In this article I want to teach you how to invest in cryptocurrencies using this type of trading that is much simpler and does not require previous experience.
All you have to do is get other traders that they are successful within eToro and copy their movements within the system.
To do this you must go to the “People” option in the left menu of the screen, then clic on the “Advanced Search” button.
This will allow you to make a much more specific search of traders that adapt to what you are looking for so that you cánido later copy them.
Once you clic on the “Advanced Search” button, a filter list that you must configure to search for the best traders.
Look at the image below and pay close attention to the sections of “Time period” and “Profile”, because they are the ones that you will have to modify first to do your search.
4. Equipo the time period and profile
Once you have completed step 3 and have the window open with all the filters, the first thing you should modify is the “Time period”.
To do this you just have to clic on the name of the filter and a new list will be displayed of options.
You must select the button that says “Last 12 months” or “Last two years”.
It is important that you perro see the movements of the investors during a reasonably long period of time.
This way you perro ensure that your success within eToro has been constant and you cánido have greater confidence when copying their transactions.
On the other hand, in the “Profile” section you will find 3 options: “State”, “Country” and “Name and photo”.
You must entrar each one of them and make sure that they remain as follows:
- State: verified
- Country: Everywhere
- Name and photo: Profile picture
To better see how it looks, look at the image that I will leave you below.
5. Configure Yield and Irrigation filters
In addition to configuring the period of time and the profile to carry out your search, you must also make changes in the search filters. “Return” and “Risk”.
To get them you just have to go down within the same list of filters that was displayed when you clicked on the “Advanced Search” option.
In the “Performance” section you will find 3 options: Profits, Months with profits and Profitable operations.
The first thing you should do is clic on the benefits option and go directly to the “Personalized”.
In case in the period of time you have selected 12 months place a minimum: 10 and a maximum: 25.
In case you have placed 2 years As a period of time, you must double the amounts and place a minimum of 20 and a maximum of 50.
This means that eToro it will only espectáculo you to traders who have had between 10% and 25% profit in 12 months or between 20% and 50% profit in 2 years.
If any investor does not have this percentage of benefits on the platform it is not recommended that you copy his movements.
In the “Months with benefits” section, you will select the percentage of profitable months What do you want the people you copy to have?
Personally I like to place a 70% of months with benefitsso I make sure that in most months I will have profits by copying the operations of that trader.
Finally in the filter “profitable operations” you cánido select the percentage of positive trades that you want the traders you follow to have.
I recommend you select a range between 70% and 100%, as in the months with benefits section, by doing this you make sure that you will have returns with most transactions you copy.
In the “Risks” filter you perro configure the degree of risk that the traders you want to follow run.
When taking a higher risk, the percentages of benefits they are also much olderbut you must take into account that the amount of the investment and the possibility of losing your money also increase.
Personally I prefer to follow traders with a low level of risk.
By doing this I know that if I lose my investment money it won’t be a large amount.
In this filter I usually modify the risk classification and put 1 in the minimumand a 4 in the maximum because it is a low level of risk.
the rest of the options I do not modify them because they do not alter the search.
6. Search for traders who trade cryptocurrencies
This step will depend directly of the cryptocurrency with which you want to make your transactions.
I previously mentioned the 12 cryptocurrencies that are currently available on eToro for you to trade.
This is the moment when you select any of themeither because you have previously made transactions with that virtual currency or because you have researched about it and it catches your attention.
Once you know which cryptocurrency you want to invest in, in the same list of filters look for the “Portfolio” section and within it, look for the “Assignment” option.
This option allows you select main asset in which you want the traders you follow within the platform to invest.
Choose the cryptocurrency option and place 60% as a minimum percentage.
In this way you will ensure that most of the transactions made by the traders you follow are in digital currencies.
7. Copy the best traders
Once you have modified all the filters you just have to clic on the blue button located at the bottom of the screen that says “Apply”.
When you do it will appear all the traders that match search patterns that you have already selected.
The entire list will be organized by the number of copiers that each person has, as it appears in the image below.
Past performance is not an indication of future results.
The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.
I recommend that you look for traders with a higher percentage of profitability in their investments and that you review the cryptocurrencies with which they have been working in their profiles.
In this way you perro copy the movements of the people who are working with the cryptocurrencies that interest you.
When you clic on a profile you will realize that they will appear to you certain data of that trader.
You cánido see the number of total trades and the assets you have been trading with.
The latter is what interests you the most.
Look at the example in the image below, that trader has made Bitcoin trading with a 71.43% return and operations with Ripple with a 25% return.
This is undoubtedly the type of trader that you must copy if you want to have good results with these cryptocurrencies.
Past performance is not an indication of future results.
The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.
Once you have selected the trader you want to copy you must clic on the “Copy” button next to your name.
Write the amount of money you want to invest and the maximum amount of losses, and again clic on “Copy”.
The minimum amount you perro invest when copying other investors is $200.
Keep in mind that the option “stop copying if the value…” is for you to indicate how much money are you willing to lose with the operations copied to that trader.
For example, if you place a value of $5 in this space and when copying someone the operations start to go down, when there are losses of more than $5 eToro will stop copying investments of this person, until you tell the system if you want to continue with them or withdraw.
Remember that any type of investment has a margin of risk and this is a good way to make sure that you will not lose too much money by copying another trader.
Past performance is not an indication of future results.
The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.
My opinion investing in cryptocurrencies with eToro
I started making investments 4 years ago, and in all this time I have tried more brokers than I perro remember.
Many systems turned out to be total failures and others have given me very good experiences and that is why I have been using them until today.
This last case it’s eToro’sone of the investment platforms that I have not stopped using since I started invest in cryptocurrencies.
* Risk alert: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
One of the things I like most about eToro is that it is a system that strives to improve constantly.
Years ago you did not have the amount of assets to invest that you have now, even many of the facilities of its platform they weren’t even included.
However, eToro has developed over timeconstantly improving for all its users in order to offer an increasingly better service.
Today many friends and acquaintances who also invest in cryptocurrencies use this platform as main trading system.
The opinions about eToro and its ease of investing in cryptocurrencies could not be better.
Would I openly recommend eToro to anyone? Well of course! She wouldn’t think twice.
The main reason why one of the first brokers to recommend that comes to mind is this, it is the great facility with which anyone perro get results on this platform.
With most brokers any usuario it should have a previous preparation for its use, a good handling of the risk analysis and of course a lot of free time.
With eToro this is not the case. The system is so fácil that with only a few steps you cánido copy the transactions of other users.
The platform even allows you place limitations with respect to the losses you agree to bear.
Compared to many other brokers, eToro offers you not only a good service, but also a quality experiencefácil use and facilities for trading, what more cánido you ask for?
The broker even offers you a free demo account so you cánido practice your own operations before invest your own money.* Risk alert: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
In my opinion this is one of the best options you will have if what you are looking for is a fácil system, that gives you results in a short period of time and without major complications.
Have you already tried eToro to invest in cryptocurrencies? leave me a comment down here Telling me everything, I would like to know what your experience has been.
DISCLAIMER
eToro is a multi-asset platform that offers investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you cánido afford to take the high risk of losing your money.
Past performance is not an indication of future results.
The business history presented is less than 5 full years and may not be sufficient as a basis for the investment decision.
Copy trading is a portfolio management service provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Investments in crypto assets are not regulated.
They may not be suitable for retail investors and the entire amount invested may be lost.
It is important to read and understand the risks of this investment, which are explained in detail at this backlink.
eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139.
OTC derivatives are speculative and leveraged.
Not suitable for all investors.
Equity at risk.
See PDS and TMD
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Marco Granado
Passionate about communications, digital marketing and current affairs.
I firmly believe that each person perro achieve their goals with perseverance and love for what they do, the key is to never stop trying.
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