eToro is a Jack of all Trades in the online investment space, with the broker offering a full range of asset types that can be purchased at the click of a button. On top of traditional stocks, ETFs, and thousands of CFD (Contract For Differences) products – eToro also allows you to buy and sell cryptocurrencies like Bitcoin.
If you are thinking about using eToro, I welcome you to read my in-depth review. I cover the ins and outs of what you need to know before opening an account – including metrics surrounding regulation, fees, commissions, payment methods, and of course – safety.
What is eToro?
Launched in 2006, eToro is an online broker and trading platform. As a member of the site, you will have access to a full range of asset classes. In terms of traditional ownership – you can buy and sell over 800 stocks from a number of international markets, as can you do with ETFs. Moreover, eToro is also home to thousands of CFD products – including but not limited to hard metals, energies, indices, interest rates, and currencies.
With that being said, if you’re more interested in the cryptocurrency side of the platform – the broker gives you the best of both worlds. This is because you can invest in digital currencies and retain full ownership of the asset, or alternatively, trade via CFDs. As I cover in greater depth further down, eToro does not allow you to withdraw your cryptocurrencies out to a private wallet. Instead, you will need to keep your coins on the platform, making it a better option for those who want to profit from trading rather than hold crypto assets for the long term.