eToroX Review 2022

eToroX Review Summary

eToroX is a web-based exchange that uses an order book that allows traders to place trades. The platform features an easy-to-use interface, which offers all the features a trader would expect from an exchange. You can keep track of your order book, order depth charts, and trading history. eToroX also offers a mobile app, which is available for iPhone, Android, and Windows. There are various trading integrations that eToroX supports via API, including a trading application that is compatible with popular financial services, such as a financial institution.

eToroX review
What Do eToroX Offer?

πŸ‘‘ Cryptocurrencies BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM
πŸ“ˆ Securities tradable 27 cryptocurrencies
πŸ’΅ Cost per trade Fees vary
💬 Customer service Email : Yes, Phone support : Yes, live chat : Yes.
πŸ’° Desposit Fees Fees vary
πŸ’° Withdrawal Fees Fees vary
πŸ’° Payment Methods Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, eToroX only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

eToroX is a cryptocurrency platform that was founded in the current is . eToroX has headquarters in and offers the buying and selling of over 27 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, eToroX offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With eToroX you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

eToroX Review

eToroX Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

eToroX review
eToroX Best For

eToroX works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

eToroX review
eToroX Advantages

Following are the advantages of using eToroX:

  • eToroX has been in business longer than 2 years
  • eToroX has a good rating.
  • eToroX offers over 20 cryptocurrencies.
  • eToroX offers a wide range of fiat currencies.
  • eToroX offers Livechat support.
  • eToroX offers phone support.
  • eToroX offers email support.
  • eToroX offers an Android Google Play Store mobile app.

Easy UI

eToroX is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. eToroX also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

eToroX has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. eToroX currently ranks among the highly liquid exchanges.

Opportunities For Earning

eToroX offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, eToroX enables traders to take custody of their cryptocurrency assets for themselves. eToroX provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

eToroX also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. eToroX shares that type of reward with its traders. eToroX takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

eToroX review
eToroX Disadvantages

Following are the disadvantages of eToroX:

  • eToroX charges withdrawal fees

Insufficient Variety Of Altcoins

Although eToroX has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

eToroX has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using eToroX β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

eToroX review
eToroX Cryptocurrency Choice

eToroX allows you to trade around 27 digital currencies including BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and many more.

eToroX review
What Cryptocurrencies Are On eToroX

eToroX has 27 cryptocurrencies available to registered users. These cryptocurrencies include BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM.

eToroX review
eToroX Stablecoins

eToroX offers its own stablecoin called eToroX. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on eToroX.

eToroX review
eToroX Altcoins

eToroX has a decent variety of altcoins for traders to choose from with over 27crypto assets including alt coins listed on eToroX.eToroX has a decent variety of altcoins for traders to choose from with over .

eToroX review
Trading Cryptocurrency With eToroX

Different cryptocurrencies at eToroX come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their eToroX wallet.

eToroX Crytocurrency To Crytocurrency Trading

eToroX has upwards of 27 cryptos available in multiple regions of the world.

eToroX Crytocurrency To Fiat Currency Trading

eToroX review
eToroX Cryptocurrency Custody And Ownership

eToroX allows users to take custody of their cryptocurrency assets themselves. Users can either use eToroX’s crypto wallet, or their own. eToroX also has over 19 fiat currencies available including USD all accessible to registered users.

eToroX review
eToroX Staking Rewards

eToroX enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

eToroX review
eToroX Fees

eToroX Users will have to pay a Fees vary trading fee as well as deposit fees of Fees vary when buying and selling cryptocurrency with eToroX.

eToroX review
eToroX Network Fee

Outgoing eToroX transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

eToroX review
eToroX Trading Commissions

Trading commissions at eToroX work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at eToroX is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

eToroX review
Withdrawal Fees

With eToroX standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your eToroX account. A withdrawal fee of (Fees vary) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

eToroX Currency Conversion Fees

eToroX charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

eToroX Payment Methods

The payment methods offered at eToroX are Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,. eToroX also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

eToroX review
eToroX Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your eToroX account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

eToroX review
Withdraw Fiat Currency From eToroX

Users can withdraw their digital currency from eToroX to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. eToroX also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

eToroX review
eToroX Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. eToroX stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

eToroX holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. eToroX requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, eToroX also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

eToroX holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European eToroX clients FCA regulated European banks may be used.

eToroX review
eToroX Two Factor Authentication - 2FA

eToroX does offer two-factor authentication for added security.

eToroX Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows eToroX customers to withdraw to authorized devices.

eToroX review
eToroX Wallet

eToroX review
eToroX Online Cryptocurrency Wallets

eToroX review
eToroX Hardware Cryptocurrency Wallets

eToroX review
eToroX Liquidity

eToroX has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

eToroX review
How To Open A eToroX Account

To open an account at eToroX, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

eToroX review
eToroX User Interface

eToroX has a simple, user-friendly interface.

eToroX review
eToroX Features And Cryptocurrency Trading Tools

eToroX offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

eToroX review
eToroX Ease Of Use

eToroX is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at eToroX.

eToroX review
eToroX Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. eToroX has highly rated applications for both iOS and Android.

eToroX review
eToroX Apple App

The eToroX app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

eToroX review
eToroX Android App

The eToroX app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

eToroX review
eToroX Education Resources

eToroX enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

eToroX review
eToroX Customer Support

eToroX registered users can request support through email, phone, live chat when available. Support options are available through the eToroX website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the eToroX website. eToroX also has a help page for solving common problems with your eToroX crypto account.

eToroX review
eToroX Phone Support

eToroX phone support can be accessed by called them on 18882718365.

eToroX review
eToroX Email Support

eToroX email suport can be reached at [email protected] Although eToroX usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

eToroX review
eToroX Live Chat

Customers can reach out to eToroX via live chat at any time if they have issues or difficulties with their eToroX account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

eToroX review
What Countries Is eToroX Available In?

eToroX is available in over 100 countries. eToroX does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

eToroX review
eToroX Account Limits

eToroX offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

eToroX review
eToroX Awards

eToroX review
Can eToroX Be Trusted?

eToroX is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

eToroX review
Is My Money Safe With eToroX?

Yes, eToroX is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. eToroX also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

eToroX review
Is eToroX Regulated By A Financial Regulator?

Yes, eToroX is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact eToroX If There Is A Problem?

eToroX β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on eToroXβ€˜s website. eToroX also has a β€œHelp” section for less complicated issues.

eToroX Review Verdict

eToroX makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

eToroX Compared To Other Cryptocurrency Platforms

  1. Visit eToroX alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit eToroX alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit eToroX alternative Crypto.com

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and 153 more cryptocurrency.
    πŸ“ˆ Traded Volume: 2,630,000,000
    πŸ’΅ Deposit Methods: Credit card

    πŸ’° Trading Fees: Maker: 0.04-0.20%
    πŸ’° Withdrawal Fees: Cryptocurrency: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit eToroX alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit eToroX alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit eToroX alternative Paybis

    🀴 Used By: 700,000
    ⚑ Crypto Available: BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT and 32 more cryptocurrency.
    πŸ“ˆ Traded Volume: 62,336,251
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit eToroX alternative Gate.io

    🀴 Used By: 4,000,000
    ⚑ Crypto Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI and 820 more cryptocurrency.
    πŸ“ˆ Traded Volume: 5,945,756,067
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.20%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit eToroX alternative Coinbase Pro

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and 80 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0-0.50%
    πŸ’° Withdrawal Fees: Cryptocurrency: None
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit eToroX alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit eToroX alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

eToroX Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about eToroX:

Is eToroX Safe?

Yes, eToroX is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From eToroX?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. eToroX also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is eToroX Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, eToroX is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With eToroX?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.