EToro test 2020 - trade Bitcoin and other cryptocurrencies on EToro
Welcome to our eToro Test 2020 ! Have you ever thought about buying and trading Bitcoin (BTC) or other cryptocurrencies like Ethereum (ETH) and Ripple (XRP) via eToro ?
Or would you like to expand your portfolio with additional financial assets such as stocks, raw materials and foreign exchange?
In this case, we will give you a detailed overview of the platform and the reason why we give our readers the green light for trading on eToro. Because in our eToro Test 2020 we examined the platform, its possibilities and functions in detail.
So much can be said: We are thrilled with what we have seen.
We want to point out our eToro Guide in advance. Should you decide to test the online broker, we will be happy to accompany you with our eToro Guide with your first steps on the platform.
Now we hope you enjoy reading our eToro test! Finally, please leave us your feedback.
Who or what is eToro?
eToro is the world's leading social trading platform and one of the top online brokers on the market. Millions of people worldwide use eToro to copy the best investors in the community and their investment strategies, or to trade and be copied themselves in order to generate a second income.
What we particularly liked about our eToro test, among other things, is the large selection of various financial investments there. There are hundreds of different investment opportunities on eToro, divided into the following categories:
Cryptocurrencies
shares
raw materials
currency
Exchange Traded Funds (ETFs)
Indices
Each of the asset classes has its own characteristics and can help to diversify a portfolio as well as possible. Some positions on eToro include ownership of underlyings, such as buy positions without leverage on stocks and cryptocurrencies. Others use CFDs to give traders a variety of other options, including leverage, taking a sell position, and more. This makes it possible for traders to use various investment strategies on eToro.
Trade cryptocurrencies on eToro
When it comes to cryptocurrencies, the platform scores in the upper midfield in our eToro test. You can now trade 15 cryptocurrencies on eToro. In addition, there are 77 other trading pairs between crypto and various fiat currencies, so that here too the trader is offered a fairly large selection.
When buying cryptocurrencies on eToro, the underlying is invested in and the cryptocurrency is bought and held in the name of the trader. Since cryptocurrencies are unregulated products, they have no investor protection. However, CFDs can be traded with a double lever and a sell position can be entered into. These are then subject to the regulations of the CySec and FCA and benefit from the investor protection recorded there.
In addition, cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH) can be transferred to the eToro wallet. The physical cryptocurrencies can only be obtained if the purchase is made without leverage.
Some of the most popular cryptocurrencies on eToro include:
Bitcoin (BTC) | Bitcoin Cash (BCH) | Ripple (XRP) | Ethereum (ETH) | Tron (TRX)