Yes, it is. eToro Money works as a crypto wallet built right into the eToro Money app. Once you’ve opened an account, you can move supported coins out of your main trading account and into the wallet. From there, you’ve got more freedom to manage your assets separately from the trading platform.
You can send crypto to external wallets, receive it from outside eToro, and even swap one coin for another, right inside the app. All without touching the main eToro trading interface. The app also doubles as an e-money service, though that’s mainly for users in the UK and Europe.
The eToro Money app (iOS and Android) does two jobs:
This is a custodial wallet. That means you don’t manage private keys yourself. eToro takes care of the security behind the scenes. You just log in and go.
You can send or receive supported cryptocurrencies directly to and from external wallets. All inside the app.
The app also works as an e-money account. You can send fiat funds, receive payments, and manage your balance. Whether it’s topping up your trading account or moving money elsewhere, it’s built for that.
The e-money service is mostly available in the UK and Europe. UK users get a GBP account. If you're in Europe, you’ll get a EUR one.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.
About Mike Druttman
