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Etoro Review 2023: Pros, Cons, and More

eToro is an excellent cryptocurrency broker with an extremely easy-to-use platform that’s perfect for beginner investors as well as experienced traders. Get started for as little as $10 and mirror select traders with successful track records or invest crypto on your own.

Full review of eToro, its pros and cons, and my recommendation below!

**The article applies only to US users and not for global users.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

What is eToro?

eToro is a popular brokerage that serves users in 100+ countries. The company has recently expanded to the U.S. and offers investors here access to over 17 cryptocurrencies.

What’s unique about eToro is their focus on ‘social trading’ – there’s a social media platform that allows Etoro users to interact with one another, and even copy successful traders move-for-move automatically.

This makes it a great place for new and avid crypto investors to discuss investments and learn. It’s sort of like Reddit, but with a laser focus on crypto trading.

New to eToro? Sign up with the link below and you’ll get a $10 bitcoin bonus for depositing $100 or more.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

There has been other eToro promotions in the past, but this is currently the only one available.

eToro Account Overview

eToro is one of my go-to cryptocurrency brokerage accounts. I signed up to the popular platform as soon as it became available in the United States.

Opening an eToro account is free and only requires a minimum deposit of $10, which can be deposited through methods like online banking, credit or debit card, wire transfers, and even PayPal.

Once you fund your account, you’ll immediately gain access to buy, store, receive, exchange, or convert more than 500 currency pairs, including popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, and Shiba Inu.

It also offers the ability to trade over 18 different cryptocurrencies, including:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash
  • Ethereum Classic
  • Dash
  • Stellar Lumens
  • NEO
  • EOS
  • Cardano
  • IOTA
  • Zcash
  • Tezos
  • Dogecoin
  • Uniswap
  • Chainlink


  • Safe, secure, and regulated cryptocurrency broker
  • Crypto staking allows you to earn interest on your crypto
  • eToro Money crypto wallet to store your crypto safely
  • CopyTrader – automatically copy trades move-for-move of top-performing investors
  • CopyPortfolio – invest in ready-made crypto portfolios to diversify your holdings and spread out risks
  • Social Media Platform – interact with fellow eToro traders
  • Fee-free deposits using online banking, credit/debit cards, wire tranfers, and PayPal
  • 17+ cryptocurrencies available on the platform
  • Demo account to practice your crypto trading skills with $100,000 of free virtual money
  • Mobile app for Android and iOS


  • U.S. Restrictions – U.S.-based customers can’t trade other assets outside of crypto (e.g. stocks, EFTs, and forex)
  • Live Chat is only available for eToro Club members, a loyalty program that requires at least $5,000 in your account

eToro Account Fees

For U.S. users, eToro is very competitive in terms of fees it charges:

  • Deposit Fees: None, deposits are free for U.S. residents
  • Withdrawal Fees: None, withdrawals are free for U.S. residents
  • Management Fees: None
  • Inactivity Fee: eToro will charge $10 a month after 12 months of no login activity
  • CopyTrader Fee: No additional costs
  • CopyPortfolio Fee: No additional costs
  • Transfer Fees: Transferring cryptocurrency out of eToro will be assessed a fee of 0.5%, with a minimum fee of $1 and a maximum fee of $50
  • Trading Fees: Trading fees are included in the spread, which is 1.00% for all crypto.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

The Bottom Line

eToro is one of my favorite cryptocurrency brokerages with an easy-to-use platform that beginners will pick up quickly and veteran traders appreciate for its simplicity.

For investors who are new to cryptocurrency, they love the fact that there’s a community eager to help each other out and learn from one another. When it comes to investing, many find the CopyTrader and CopyPortfolio features an excellent way to dip their toes in the water with the help of experts.

And if you’re not comfortable investing real money just yet, the Demo account gives you $100,000 worth of virtual money to play with.

eToro is right for you if:

  • You want a place to buy and sell a good selection of cryptocurrencies, with a straightforward fee schedule.
  • You enjoy social trading and want the ability to copy the moves of profitable traders who have strong track records of outperformance.

Other top cryptocurrency platforms I recommend and personally use are BlockFi, Coinbase, Celsius, Gemini, and Voyager.

Crypto PlatformPromotionLink
Kraken logo$10 BTC BonusLink
Okcoin logo$50 BTC BonusLink
Gemini logo$15 BTC BonusLink
TradeStation logoUp to $3,500 BonusLink
bitFlyer logo$15 BTCLink
Nexo logo$25 BTC BonusLink
Binance.US logo$40 Cash BonusLink
Coinbase logo$10 BTC BonusLink logo$25 CRO BonusLink
Cake Defi logo$10 DFI BonusLink
Phemex logo$160 BonusLink
Luno logo$35 BTC BonusLink
eToro logo$10 BonusLink
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

Disclaimer: eToro USA LLC; Investments are subject to market risk, including 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 USA LLC does not offer CFDs and makes no representation and assumes no liability to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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