The eToro Money crypto wallet supports a variety of cryptocurrencies including Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, Stellar, TRON, and Ripple. With this wallet, you have the capability to transfer, send, and receive these cryptocurrencies.
51% 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 my exploration of this crypto wallet, I was curious about the range of cryptocurrencies it supports. It's a good thing that I have a verified eToro trading account and that it supports this service as this allowed me to use the app and review the coins that are accepted.
Upon accessing the wallet, the main dashboard immediately presented me with a list of supported cryptocurrencies:
| Crypto | Symbol |
| Bitcoin | BTC |
| Bitcoin Cash | BCH |
| Cardano | ADA |
| Ethereum | ETH |
| Litecoin | LTC |
| Stellar | XLM |
| TRON | TRX |
| Ripple | XRP |
Initially, I noticed that none of these cryptocurrency wallets were active; they required me to manually add them by clicking their respective "Add" buttons.
Interestingly, for Ethereum (ETH), Ripple (XRP), TRON (TRX), and Cardano (ADA), the process to create a wallet was slightly different. These wallets could only be activated by transferring the respective cryptocurrency from my eToro trading platform to the wallet. That means I need to have an open position for these specific crypto assets first on the investment platform, and then transfer them to the wallet in order to activate it.
This exploration helped me understand that the eToro wallet currently supports eight different cryptoassets, each with its own method of wallet creation and management. I wouldn't be surprised that they would support more digital assets in the future though as the market moves rapidly and changes are quite common in this financial sector.
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. 51% 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.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
