eToro is one of the world’s leading trading brokers that are offering cryptocurrency trading and many other trading options. In the world of social trading, eToro is a popular name and has millions of accounts globally.
The company was founded in 2006 by two brothers in Israel and a partner from outside. The brokerage platform is one of the oldest out there and one that offers a variety of trading and investment options. As such, it is suitable for everyone. Since 2006, the platform has been growing along with the growth of currencies – and especially the growth of cryptocurrencies lately. Currently, it is ranked among the best brokers for Bitcoin on social networks.
One novelty that the company proposed recently is the eToro wallet is a mobile application that is available via Google Play and the Apple App Store – and a storage option that provides an easy to use customer interface as well as enhanced security. For those of you who don’t know, multi-signature wallets are great because they give users the ability to see their on-blockchain transactions and balances without losing their private key.
You can test the eToro trading practice through a demo account or even an initial deposit of up to $100,000 in virtual currency. With no commissions on trades, eToro only relies on quoting the customers with a wider spread in order to compensate themselves. The eToro trading software was primarily geared towards new and inexperienced traders, it nowadays holds people of all experiences and levels.
The exchange has successfully been increasing its user database after it expanded its services in 31 states in the United States only. This platform is among the most popular between crypto traders. One thing everyone should know is that eToro only allows trading in US dollars. This makes it easy to convert any deposit to the currency upon receipt. The minimum deposit to open a live trading account ranges from $50 to $1,000 depending on the regional regulations.