The eToro trading platform is known all over the world. This exchange can support users to trade more than 2,000 different assets, including more than 20 digital currency projects. The eToro platform also offers the option to invest in ETFs or buy commodities. The exchange is famous for its copy trading functionality and its extensive portfolio. In addition, the eToro ecosystem of many applications serving this exchange also plays a vital role in its success.
The eToro wallet is the solution that specializes in crypto.
This series of articles will describe in detail the various features available on the eToro wallet. We will also describe how to open your wallet or transfer funds from the eToro platform to the eToro crypto wallet. Finally, we will look at the main advantages and disadvantages of using hot wallets.
What do you already know about the eToro wallet?
eToro Wallet is an online storage solution developed by eToro. It’s called a hot wallet. This type of wallet is the opposite of cold wallets, which allow you to store assets offline.
Although cold Bitcoin wallets are more secure, they are also less responsive. And the transaction completion time (cryptocurrency trading) will be longer. Therefore, investors are often advised to store large amounts in cold wallets and keep only a portion of their cryptocurrencies in hot wallets. Especially for those who frequently use digital currencies as a means of payment. Similarly, traders should use cold portfolios to invest in a long-term storage project. Hot wallets are preferred for those who make a lot of cryptocurrency transactions.
The eToro wallet should also be classified as a mobile wallet. This wallet does not have a desktop version. The only way to access it is to download the app and install it on your mobile. This app is available in the Google Play and iOs app store.
Who should use this wallet?
For new traders, the eToro portfolio is an exciting product. It will allow you to store digital assets quickly and without too much knowledge to use. Judging by this feature, we can say that it is one of the simplest solutions. But eToro is also suitable for experienced traders, no matter where they trade.
Due to its portable nature, the wallet is also ideal for mobile trading enthusiasts. It is very useful for those who are constantly on the move and want to maintain control over the storage of their digital assets. In our opinion, the wallet is especially considered for those who wish to conduct a lot of cryptocurrency transactions. Whether it’s buying, selling, or even trading cryptocurrencies.
Investors can trade more than 20 different crypto projects on eToro. There are also several thousand other assets to invest it profitably. eToro is an ideal exchange for those who want to establish a real strategy to diversify their investment portfolio.
What cryptocurrencies does eToro Wallet support?
If security is a significant factor when comparing portfolios, the number of investment products is also essential. On this point, the wallet supports users to store more than 120 different cryptocurrencies. For example it is traditional Bitcoin through Ethereum, Bitcoin Cash, Cardano, Ripple, Litecoin or even Bitcoin Gold. Most essential crypto projects are backed by the eToro wallet.
The eToro wallet supports more than 120 different crypto projects. Investors can also trade between other cryptocurrencies. Through the eToro wallet, users can choose from no less than 500 different combinations.
