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Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

To obtain an eToro wallet, first ensure you have a verified eToro trading account and that you're in a country where the eToro crypto wallet service is available. After confirming these prerequisites, simply download the eToro Money app. Log in using your eToro trading account credentials, and your eToro wallet will be ready for use.

Open Wallet!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. 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.

 

In the world of online trading and cryptocurrency, the eToro wallet has been a topic of much discussion. Despite being an active and verified eToro user, I hadn't ventured into using this particular service. Driven by curiosity and the desire to expand my trading tools, I embarked on a journey to explore this wallet and unearth its features and functionalities. Here's what I discovered, which could be crucial for anyone considering this digital wallet.

 

A Clarification About the "Wallet"

Firstly, it's important to clarify what "wallet" means in the context of eToro. Unlike a traditional wallet, the eToro wallet is specifically a crypto wallet. This means it's designed for transferring, managing, and holding cryptocurrencies. It's a digital tool tailored for those engaged in the crypto market, offering a secure and convenient way to handle digital assets.

 

Integration with the eToro Money App

During my exploration, I found out that the crypto wallet service is integrated with the eToro Money app. This integration means that users might be eligible for either the eToro Money crypto wallet or the eToro Money digital account, although there are a few countries where you can use both services. However, the availability of these is contingent on your country of residence. This is a crucial point to consider, as not all countries have the same access to eToro's services.

 

Activation of the Crypto Wallet

In my case, being a UK resident worked in my favor. I discovered that I was eligible to use the crypto wallet. The process to activate it was surprisingly straightforward. I simply downloaded the eToro Money app on my smartphone and logged in using my existing trading account credentials. Voilà! The wallet was automatically activated and ready for use.

 

In Summary

Acquiring an eToro wallet, particularly the crypto wallet, is a relatively simple process. The prerequisites are straightforward: you need to have a verified trading account with eToro and reside in a country where the wallet service is supported. Once these conditions are met, the rest is a breeze. Just download the eToro Money app, log in with your trading account credentials, and you're all set to manage your cryptocurrencies more efficiently and securely.

This exploration not only demystified this wallet for me but also opened up new avenues for managing my digital assets. For anyone in the eToro trading community, especially those dabbling in cryptocurrencies, understanding and utilizing the wallet can be a significant step towards streamlined and effective crypto asset management.

 

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. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. 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.

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 has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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76% of retail investor accounts lose money