eToro is an industry-leading crypto trading site that has developed a solid reputation over the past few years. The site uses advanced security systems to protect customer accounts. Additionally, your cash holdings will be FDIC-insured for up to $250,000. These funds are held in FDIC-insured banks, which is how the platform is able to guarantee you up to $250,000. Some cryptocurrencies you can buy and sell on this platform include BTC, ETH, BCH, XRP, DASH, and ETC. The site also has a copy trading service, which allows you to mirror some of the top traders on eToro US. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. US customers only have access to cryptocurrencies. eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by What is Bitcoin, as a partner, using information available and public and not specific to the eToro entity. Try eToro US now, or continue below to learn more.
Benefit from the world's best traders using eToro US' trade mirroring service. Funds insured and guaranteed by FDIC-regulated banks.
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Background & Overview
eToro US QR code to scan with phone
eToro US is highly transparent and innovative. One of its biggest advantages is its social trading community. You can easily see what your friends and trading partners are investing in and exchange ideas with them. The site also allows users to trade virtually with $100,000. Using a virtual trading portfolio will give you a chance to explore different trading strategies and hone your skills.
Traders on this platform can also enjoy the rewards and benefits of the eToro Club. This works as a loyalty club for valued clients of the site and provides lots of tools to enhance the trading experience of its users.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. US customers only have access to cryptocurrencies.
eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by What is Bitcoin, as a partner, using information available and public and not specific to the eToro entity. Visit eToro US now!
Advantages at eToro US
+ It is regulated by US authorities and is extremely secure.
+ Your cash holdings on the site will be guaranteed up to $250,000 as these funds are held in FDIC-insured banks.
+ The site has completely transparent pricing.
+ Traders can use virtual funds to practice their trading strategy.
+ Inexperienced traders can use the copy trading service to make informed decisions.
+ Members of the site can exchange ideas on crypto trading.
Disadvantages
- Its customer support can be improved.
- A few US states have been excluded from the site.
- The selection of cryptocurrencies is a bit limited.
KYC & Registration
Creating an account at eToro US is extremely simple. You just fill in your username, email, and password. You also have to accept the e-sign policy and client agreement of the site, as well as the cookie policy and privacy policy.
Since the crypto trading platform is licensed by the American authorities, you'll have to complete the verification process on the site. For the KYC procedure, you must upload your proof of identity and proof of address. You can verify your identity using a valid US passport, a valid driver's license, or a valid state ID.
Make sure all essential details are clearly visible, and these include your name, date of birth, and expiry date. Various other documents can be used to verify your address. These include your bank statement, credit card statement, tax letter or bill, phone bill, internet bill, and council tax bill.
Company Account
You can't have a business account with eToro US unfortunately.
Costs
▪ Rated at 9/10eToro US has a very transparent and simple fee structure. The site charges a fee of 1% for buying and selling cryptocurrencies. This fee is added to the market price and is included in the price shown when you open or close a trade position.
Deposit Methods
▪ Rated at 8/10Below you can see a list of the deposit methods available on eToro US. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
On the site, you're not able to deposit using any existing crypto that you hold. However, you're able to use credit and debit cards, as well as bank transfers. You can also use platforms such as PayPal and Skrill once you've made an initial deposit and are up and running. Read more about the deposit methods at eToro US here.
Platforms
▪ Rated at 10/10The following platforms are supported by eToro US:
eToro US QR code to scan with phone
As a crypto trader, you'll find it convenient to use eToro US as it's easy to navigate. To sign in or create an account on the site, you'll need to use the link in the upper-right corner of the page. You can access the crypto trading section using the links at the top of the website. If you have trouble using the platform, you should go to the Help page. It covers all the essential details of how the website works. Alternatively, you can contact their customer support agents for assistance when using the platform.
Automated Trading and Copy Trading
eToro US has a mirroring feature that allows its users to copy high-performing traders. You don't need to be a premium member or sign up to a special service, and there are no management fees or other hidden costs involved.
›› Get started with Crypto Auto Trading at eToro US now.Broker Support
▪ Rated at 10/10The standard customer support of eToro US is available by email and via a ticket option.
Other Names for eToro US
eToro US is or has also been known under the following names: eToro USA LLC
FAQ
Where can I register for eToro US?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Is eToro US a reliable crypto exchange?
Yes, this website is highly reputable as it's licensed by authorities in the USA. It is also secured with SSL encryption technology. Cash holdings on the site are held in FDIC-insured banks, and that means your funds will be insured for up to $250,000.
Who founded eToro US?
Yoni Assia is the CEO and founder of eToro US. Ronen Assia and David Ring were also involved in the creation of the company.
Do I have to complete KYC processes to trade on this platform?
Yes, since this is a US licensed crypto site, it is required to verify the details of its customers. You can complete the KYC procedure by sending proof of your identity and address. Some documents you can use for customer verification include your state ID and recent bank statements.
What is the copy trader program?
The copy trader program allows customers of eToro America to replicate the actions of experienced traders on the site. The platform has a Popular Investors program that encourages top traders to allow themselves to be mirrored. You should note that investors are also allowed to keep their portfolios private.
Which deposit methods can I use at eToro US
You can fund your account at eToro America using debit and credit cards, wire transfer, and online banking. Apart from wire transfers, all other payment methods offer instant transactions. Wire transfers take four to seven business days to complete. You can also use platforms such as PayPal, but only once you've made a deposit using one of the other methods first.
What is the eToro Club?
This is a loyalty program for the valued clients of eToro US. Members who have a realized equity of at least $5,000 will automatically gain membership in the club. Note that the loyalty club has five levels, and each one has specific rewards.
Can I use this crypto trading platform if I live outside the USA
No, you cannot use this platform if you live outside the USA. You can check the crypto exchanges on Crypto Lists to find a site which accepts traders from your country. It is worth noting that a few US states have been excluded from eToro US. They include Hawaii, Nevada, New York, and Minnesota.
History of eToro US
May, 2018 - Etoro, one of the world's most well-known trading platforms begins expanding to the U.S. Users of the American site were able to buy and sell ten cryptocurrencies. The CEO of the company noted that there was stiff competition in the US market. However, he believed that the copy trading feature and public sharing of trading portfolios would attract traders in the country.
March, 2019 - eToro America launches its standalone crypto wallet to US traders.
June, 2020 - eToro changes slogan to "Digital Currencies at Your Fingertips". The logo features a middle-aged man in a costume and shows crypto trading from your mobile.
February, 2022 - eToro US launching stocks in the US, just before the Super Bowl advertising. The US arm of eToro now operate in all American states, except Nevada, Hawaii, Minnesota, New York, Puerto Rico and overseas armed forces.
February, 2022 - eToro America releases its Super Bowl advert during the Super Bowl LVI. The ad ran for 30 seconds and featured a person getting crypto investment advice.
Riskvarning: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
eToro US QR code to scan with phone
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eToro US Review Published: Friday, 14 Oct 2022 3:29 pm
Last Updated: Monday, 27 Nov 2023 1:49 pm
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
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