Frequently Asked Questions regarding Crypto asset owning and trading

Which cryptocurrencies are available?

Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, XRP and Ethereum Classic are available to own and short on the eToro platform.

 

Do I own my cryptos?

Users who have invested in a BUY crypto position since 3 September 2017 own the underlying asset rather than a CFD. While eToro does offer real cryptocurrency trading, we will only be offering the option to transfer cryptocurrencies to a digital wallet later in 2018.

 

If clients copy a Popular Investor who is trading cryptocurrencies, what type of position do they open?

When copying Popular Investors or investing in our CopyFunds strategies, all positions will remain as CFDs and not the underlying asset.

 

Will eToro offer leverage on cryptocurrencies?

We will not be offering leverage on cryptocurrencies for the foreseeable future.

 

Can users still Short cryptocurrencies?

Clients are still able to open short (SELL) positions on the platform, however these will be CFD positions.

 

Can users withdraw their cryptocurrencies from the platform?

Clients will not be able to move cryptocurrencies on or off the eToro platform, without converting into fiat currencies. Later in 2018, we will be launching the eToro digital wallet, which will enable you to transfer your cryptos out of the platform.

 

Are there Stop Loss and Take Profit?

eToro kept the Stop Loss and Take Profit on cryptocurrencies at launch so that there was as little impact as possible on clients who were used to trading on eToro. On 15 December 2017 we decided to disable the option to edit the Stop Loss setting due to high volatility and inability to guarantee execution. The Stop Loss is now set to -100% so in effect it does not exist. The Take Profit may still be edited according to the position rate or to a specific amount.

 

Are the cryptocurrencies regulated?

Cryptocurrencies are not regulated and so users will not be insured by the Investor compensation schemes in Cyprus or UK for these instruments when they own the underlying asset. Also, you will not be able to file a complaint with the Financial Ombudsman Service if you are not satisfied with our service, although we will do the utmost to resolve any questions or issues you may have.

 

Please read our Addendum to the Terms & Conditions relating to cryptocurrencies on our website

Note: Cryptocurrency CFDs will continue to be regulated, and clients will have all regulatory protections when trading these.