Doge

SHIB is notably mirroring its mentor Dogecoin's price moves from the Feb.–April 2021 session, raising possibilities of dump ahead.

Collateral gains are the only signs of joy for short-term crypto traders on April 4 as Bitcoin and most major assets stay flat.

The latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe.

Markets took a turn for the better after BTC reclaimed $40,000, and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price.

Dogecoin reaps the benefits of rumors that plans for Musk to buy Twitter outright are in their final stages.

Cryptocurrencies have gained significant traction since entering the scene in 2009 with the launch of the Bitcoin network. The asset class is currently valued at a staggering $2 trillion thanks to the institutional and retail investors flooding into the space.

While there are several methods for crypto traders to get exposure to crypto assets with a wide range of custody options available, cryptocurrency exchanges are the most likely way to explore the nascent markets.

CoinJar is an Australian-based cryptocurrency exchange that was established in 2013. It's one of the oldest crypto exchanges that lets trading in digital assets through a beginner-friendly platform. Although initially targeting novices in crypto, the exchange now offers advanced trading features, such as charting software and different order types, to expert cryptocurrency traders. The exchange can be used to buy and sell digital currency on both desktop and mobile devices, and CoinJar users can top up accounts using a credit or debit card or bank transfer. CoinJar’s simplicity, efficiency, competitive fees, military-grade security measures, etc., make it one of the best crypto exchanges for Aussie or UK beginners.

Read on to learn everything you need to know about the CoinJar exchange, deposit methods, fees, supported digital currencies, etc.

Let's jump right in!

What Is CoinJar

CoinJar is one of the known Australian exchanges owned and run by CoinJar Australia Pty Ltd that mainly focuses on the Australian local crypto market and investors. Launched in 2013 by Asher Tan and Ryan Zhou with backing from reputable VC firms, CoinJar is one of the oldest cryptocurrency exchanges in the world. The cryptocurrency exchange is backed by Blackbird Ventures, Digital Currency Group, and Blackbird Ventures.

Since its launch, CoinJar has garnered over 400,000 registered CoinJar users, with more than $1.5 billion traded in digital currencies.

The exchange offers an easy-to-use interface to buy, sell, store, and spend digital currency and innovative products like the crypto debit card, crypto EFTPOS card, CoinJar Bundles, a secure CoinJar wallet application, etc.

CoinJar Features

Now, let's look into CoinJar's core features to help you get started!

Signing Up

To get started with CoinJar, follow these easy steps: 

• Go to the CoinJar website and click on the ‘Sign Up’ button.
• Input your name, email address, etc., and select a strong password.
• Read the terms and conditions, click on ‘Accept,’ then ‘Sign Up.’
• Complete the sign-up process by clicking the verification link sent to your email.

After completing the seamless sign-up process, you'll have to select a CoinJar username and a profile picture and insert your mobile number. However, to enjoy the full offering, users are expected to be ID-verified through an automated process that takes less than 10 minutes. Here’s how to get verified to access the wide range of features on the CoinJar platform:

1. Log in to your digital currency account and click the ‘Get Verified Now’ button.
2. Choose between an individual or corporate entity.
3. Select ‘Verify With Digital ID’ and upload a state-issued ID document.
4. Fill in the required details as contained in the ID, confirm the details, and hit the submit button.

Finally, CoinJar requires your selfie to complete your identity verification.

Congratulations! With your account verified, you can now deposit fiat currency, make Visa and Mastercard deposits, buy and sell cryptocurrencies, etc.

CoinJar Debit Card

The CoinJar card works just like other debit cards, with the only exception that it's a crypto debit card. It's powered by Mastercard, and card owners can pay for goods and services while earning rewards on every spend. For every AUD 1 spent via the CoinJar swipe card, users receive 100 CoinJar reward points that are instantly redeemable and can be used to pay for other expenses.

There are no transaction fees, monthly fees, or activation charges with the CoinJar card. Also, there are no loading fees charged for AUD transactions, EFTPOS purchases, or withdrawals with the CoinJar debit card. The loading fee for crypto coins is levied like regular CoinJar exchange fees.

The CoinJar card can be controlled digitally from your device or operated physically by using it at any outlets where Mastercard is accepted. In-store, online purchases and ATM withdrawals attract a fee of 1%.

OTC Trades

CoinJar allows individuals and business entities to make over-the-counter, off-exchange trades for transactions that exceed AUD 50,000.

CoinJar says its services offer "ultra-competitive rates and liquidity" across cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.

Concerned about privacy? CoinJar’s OTC offering allows users to fill transactions via private communication channels without compromising security discreetly.

CoinJar Bundles 

CoinJar Bundles is a feature that includes a collection of popular digital currencies that you may purchase as a whole in one transaction. It's a unique feature beneficial to crypto traders interested in passive portfolio diversification.

CoinJar offers a collection of bundles, including the largest cryptocurrencies by market cap, stablecoins, ERC-20 tokens, etc. As part of the CoinJar Bundle offering, users have the option to choose between a proportional or a cap-adjusted allocation.

Bundles can be emptied at zero cost at any time, with funds moving back to CoinJar. The Bundles feature allows you to set up a direct debit to automatically send money from your linked bank account at regular intervals into any CoinJar Bundles using the Dollar Cost Averaging method.

CoinJar Exchange

CoinJar offers an advanced cryptocurrency trading platform that provides "high-frequency, low-latency execution for experienced traders." It provides a high degree of control for trading assets, letting users set order prices and take advantage of lower trading fees. A trading API is also provided to allow for accounts management as part of the offering.

Security

CoinJar is one of the most secure cryptocurrency exchanges and implements a range of security measures to keep user funds and personal information safe. Some of the many strategies employed include high-level data encryption, Transport Layer Security, periodic security audits, and best practice organization security. It also uses various advanced machine learning techniques (MLTs) to recognize suspicious logins, financial fraud, and account takeovers. At least 90% of customers' digital currencies are stored offline in geographically-redundant, secure locations.

CoinJar leverages Amazon Web Services as its infrastructure base and uses firewalls to protect internal networks. It's also registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) to combat money laundering and financing of terrorism.

Two-factor authentication works by receiving SMS on your mobile app when CoinJar requires authentication.

Taking this up a notch, all potential staff are scrutinized for any links to criminal activity. All CoinJar employees are required to use cryptographically-secure Multi-Factor Authentication such as hardware U2F keys to access internal services.

CoinJar hasn't suffered any major exploits since its launch in 2013.

Customer Support 

CoinJar provides 24/7 customer support to users to resolve issues or any queries they might have in using the platform. The support takes the form of LiveChat, email, and even phone calls. A drawback to the phone call feature is that it's only available to registered users in Australia from Mondays through Fridays between the hours of 9:am till 5:00 pm (Melbourne time).

You can also browse CoinJar's FAQ information covering the basics of using the platform. Additionally, you can search for a keyword on CoinJar's Knowledge Base or submit a Support request.

Deposits

Registered users can use the following payment methods to deposit Australian dollars to their CoinJar wallet:

• PayId/NPP: This instant payment method allows users to send funds for free using the PayID payment system from any supported Australian bank account. PayID systems are supported by NPP and Osko® 24/7.
• Blueshyft: This is another free payment gateway that allows registered users to buy crypto on the CoinJar platform with cash deposits.
• BPAY: Similar to regular bank transfers, BPAY allows you to send funds to your CoinJar from your online banking. It usually takes between 1-3 business days.

Before making deposits, it's essential to ensure that your identity verification has been completed and that the bank account with the funds is in your legal name.  The absence of these prerequisites might lead to the return of deposits.

Users can also fund their accounts using cryptocurrencies at zero cost or credit/debit cards. This deposit process time will depend on the crypto coin you are sending but should appear in your account after approximately 15-20 minutes.

Supported Cryptocurrencies

CoinJar supports up to 40 cryptocurrencies, including the top assets by market capitalization, i.e., BTC, ETH, LTC, XRP, XLM, ALGO, and EOS, and a range of ERC-20 tokens. 

It also supports stablecoins such as USD Coin, Dai, Tether USD, and TerraUSD. Other supported tokens include Aave, GraphToken, Polygon, Basic Attention Token, and Axie Infinity, amongst others.

Despite the expansive offering, Wrapped BTC is unavailable in CoinJar Bundles, and the platform warns that sending unsupported cryptocurrency to CoinJar risks being permanently lost.

All supported cryptocurrencies can be traded against Bitcoin (BTC), Australian dollars, and British pounds.  

CoinJar Fees

CoinJar doesn't charge deposit fees for BPAY, NPP, direct debit deposits, or cryptocurrency deposits. However, deposits made through Instant Buy (Visa and Mastercard) and Blueshyft cash deposits attract deposit fees of 2% and 1.5%, respectively.

In terms of CoinJar withdrawal fees, a digital currency account to BPAY Biller has a 0.5% fee. CoinJar charges zero fees to withdraw AUD from your account to your Australian bank account. There is a dynamic fee structure for sending Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. The dynamic fee is automatically calculated when the transaction is initiated and takes into account the blockchain congestion level.

There is a 1% conversion fee between digital currency accounts or between digital currency accounts and cash accounts. Cryptocurrencies like LTC, XRP, XLM, ALGO, and EOS don't incur any transaction fees.

Sending cryptocurrencies between CoinJar accounts doesn't require any fees if sent using CoinJar usernames. It's important to note that if you have accumulated CoinJar Points, you can use them to pay the associated fees.

Linking CoinJar Account to CoinStats

Here's how to link your CoinJar account to CoinStats to manage all your cryptocurrency and DeFi portfolios from one place:

1. Log into your CoinJar account.
2. Select the API keys from the dropdown menu at the top right.
3. Click ‘Create New Key’ and select Read-only as permission.
4. After creating the key, copy and paste it into the token section to complete the process.

Now you can track all your assets in one dashboard. CoinStats is a well-rounded crypto portfolio tracker platform with military-grade encryption that allows you to manage your digital assets in one place easily. You only need to enable an API to show all the coins and exchanges on the app’s interface. 

Currently, you can access CoinStats through desktop, tablets, mobile – android, and iOS, and there is also a version for the Apple watch. 

Closing Thoughts

The Coinjar wallet, with all the offered features, seems to be well suited to Australian beginner traders. The fees for crypto-to-crypto trading are below the global industry average and provide Coinjar with a significant competitive edge. Fiat-crypto trading is allowed on the platform, making CoinJar an entry-level exchange.

Another advantage is that you can be rewarded with CoinJar Reward Points, which can be redeemed for exclusive discounts, gift cards, a fee-free currency exchange, etc., in the CoinJar Rewards Store.

Nevertheless, for a trader outside Australia, some features are still missing. According to the information on the exchange, CoinJar has traded over $1.5 billion in volume, but this figure pales in comparison to the metrics of other cryptocurrency exchanges. The figure suggests that the exchange’s liquidity is not as robust as its rivals', with billions of dollars in daily trading volumes. The absence of liquidity might result from the exchange’s regional outlook, being heavily focused on the Australian markets.

Also, with only a limited number of supported cryptocurrencies on the platform, users don't have access to popular cryptocurrencies like Dogecoin and Shiba Inu.

If you are researching other crypto exchanges and looking for CoinJar alternatives, you should consider several Australian exchanges with similar features.

The DOGE may have had its day, and social media is busy poking fun at Bitcoin skeptic Mark Cuban.

Elon Musk buying Twitter for $44 billion boosts Dogecoin by 25% in the last 24 hours, but selloff risks persist.

Lower volumes and strong resistance levels continue to pose downside risks for DOGE prices despite the rebound.

eToro is a leading multi-asset social investment platform, providing financial and copy-trading services globally. It offers a unique social trading feature, letting traders copy the experienced investors' trades or share their own trading strategies to receive exclusive perks.

Launched in 2007, Toro has developed from trades in foreign exchange to commodities, indices, stocks, etc. Today, eToro is a highly competitive cryptocurrency exchange with the crypto trading platform eToroX and a crypto wallet.

Read on to learn everything you need to know about the key features of eToro, its pros and cons, and how to buy cryptocurrency on eToro in a few simple steps.

Let's jump right in!

Introduction to eToro

eToro was founded by Yoni Assia, Ronen Assia, and David Ring in 2007 in Tel Aviv, Israel, with offices in Cyprus, the United Kingdom, the United States, and Australia. Assia is still the company's CEO. 

eToro, the world's leading social investment platform with innovative trading and investment tools, lets millions of users in 140 countries trade currencies, commodities, crypto-assets, stocks, and indices. It offers a USD investment option with mobile and web trading services in 21 languages.

How eToro Works

The eToro trading platform has a straightforward pricing structure and offers a wide selection of digital assets that can be combined in the same account as stock investing. It lets users build a portfolio of cryptocurrencies, commodities, EFTs, CFDs, etc.

eToro offers a user-friendly interface with beginner-friendly tools and extensive capabilities for more experienced traders. Users can trade on the web version or the mobile app once they set up an account.

However, the platform's added features like CopyTrade and user interaction set it apart from its competitors.

How to Buy Crypto on eToro

Users can deposit fiat currency from a debit card or bank account to start trading through eToro's web-based platform and mobile app.

The guidelines below will explain the process of purchasing cryptocurrency on eToro.

Step #1: Signing Up

Go to eToro.com and click "Join Now" to create your eToro account and start investing in cryptocurrency. On the next page, choose an email ID, create a strong password, and fill in your personal information, such as your name, zip code, birthday, and phone number.

You must then verify your account by uploading proof of identity and proof of address.

Step #2: Verification

Upload proof of address and identity to authenticate your account. Your proof of address can be any bill, bank statement, government tax letter, or government-issued social insurance statement. Your proof of identity can be any government-issued ID card or passport that displays your full name, date of birth, and photograph, with a valid expiry date.

The eToro staff will complete the account verification procedure within 24 hours. 

Step #3: Deposit Funds

eToro requires a minimum deposit of $10 when you open a new eToro account. You can pay by credit or debit card (Visa or Mastercard), PayPal, Neteller, Skrill, Rapid Transfer, Klarna, Przelewy 24, POLi, or iDeaL. You can also pay by bank transfer if you deposit at least $500.

Step #4: Create Your Crypto Wallet

You can save your newly purchased coins in your eToro account or move them to a more secure personal wallet. eToro wallet is available for free download for IOS and Android smartphones. To link your eToro crypto wallet to your account, download the app and log in with your eToro credentials.

You can also choose a hardware wallet, also known as cold storage. Hardware wallets are usually considered the most secure wallets to store your digital assets as they offer offline storage, thereby significantly reducing the risk of hacks.

Whichever wallet you choose, always remember to keep your private keys safe and never share them with anyone.

Step #5: Buy Crypto

Look for the search bar towards the top of the screen on eToro's dashboard. Enter the crypto you would like to purchase and click "Trade," or buy it through the "Trade Market" tab. Enter the quantity of crypto you want to buy in USD. When you are ready, click "Open Trade" to make your purchase.

Also Read: How to buy crypto on Webull

How to Sell Crypto on eToro

The selling process is relatively easy. Follow these easy steps to sell your purchased currency from your eToro account.

1. Log in to your eToro account.
2. Select "Portfolio" from the left-hand menu.
3. Select the cryptocurrency you want to sell from your portfolio's list of investments.
4. To close the trade and sell your cryptocurrency, click on the red cross icon at the right of the screen.

The selling process takes place during market hours.

How to Transfer Crypto Assets From eToro Trading Platform to eToro Crypto Wallet

The eToro trading platform is linked to an external wallet via eToro Money, a mobile app available for iOS and Android devices. You need to use the same username and password you use for your trading account for the eToro Money app.

Once you have installed and registered with the eToro Money app, you can withdraw supported crypto assets from there. The option to move crypto to your crypto wallet will show in the eToro trading platform if the transactions meet the transfer conditions.

You will need to go to the portfolio's "Edit Trade" window to transfer coins. Eligible users will have the option to transfer under "Invested."

You can send Bitcoin (BTC), Bitcoin Cash (BHC), Ethereum (ETH), Litecoin (LTC), Stellar Lumens (XLM), Tron, and Ripple (XRP) to your eToro Money crypto wallet.

Users can transfer any amount of crypto to their crypto wallet. However, if you are a new eToro user, your residual equity (total equity minus the transfer amount) must equal or exceed the total deposits made with one or more payment methods. This restriction is determined by your payment method and eToro Club level and is only valid for a fixed number of days after initially depositing to eToro.

Market Risk

The eToro USA LLC investments are subject to market risk, including the possible loss of principal.

Cryptocurrencies' prices can fluctuate by 20% in a single day. As a result, traders and investors may find many opportunities in the asset class, but they must objectively analyze the risks involved in trading rather than blindly follow any investment advice. Also, one must not invest more than one is prepared to lose.

Trading Fees

eToro is free to sign up for and has relatively low fees. There is no eToro deposit fee, and it doesn't take a commission on stocks. Fees may differ depending on your location.

eToro makes its money based on the spread, which is the difference between cryptocurrencies' buy and sell prices.

eToro offers some of the most competitive Bitcoin purchase rates of any major cryptocurrency exchange. While buying Bitcoin or any other cryptocurrency on eToro, you will pay a charge of 1% of your total transaction. eToro doesn't charge extra fees for using a credit or debit card. When you purchase Bitcoin or send Bitcoin from your eToro account to your eToro wallet, you will be charged a $5 transaction fee.

When you buy through eToro, you will only be charged once for each asset, rather than twice when you buy and sell. eToro also charges a $10 inactivity fee per month for accounts that have been inactive for over one year.

Also See: How to buy Bitcoin

Supported Cryptocurrencies

eToro supports more than 40 different crypto assets.

In 2014, eToro added support for BTC, letting users purchase and sell CFDs (to non-U.S. users). Four years later, Ethereum (ETH) and Ripple (XRP) became available on the platform, and more digital assets were added in the following years.

In 2018, the launch of the eToro crypto wallet and eToroX in the US made trading more accessible. The most widely traded crypto assets on eToro are Bitcoin (BTC), Bitcoin Cash (BHC), Cardano (ADA), Dash (DASH), DogeCoin (DOGE), Ethereum (ETH), Litecoin (LTC), Polkadot (DOT), Polygon, Solana (SOL), and Stellar Lumens (XLM).

There's a $25 minimum for buying any cryptocurrency on eToro, but you'll also need to fund your account with at least $50 to get started (this is also the minimum for any deposits you want to make later). There are no fees for withdrawing your funds from your eToro account, but there is a $30 withdrawal minimum.

Trading Platforms

eToro supports mobile and web trading services in 21 languages, including English, French, Spanish, Italian, Chinese, Dutch, Arabic, etc. You can select the preferred language on the web version through settings. 

Designed with beginners in mind, eToro is available for iOS and Android devices and offers the same functionality as a web trader.

Features

eToro's account-opening process is fast and seamless. It provides the following innovative features:

• A social trading platform where users copy other traders' strategies.
• A virtual portfolio that allows you to practice without investing real money.
• An easy process for depositing money.
• A user-friendly and well-designed mobile and web trading platform.

CopyTrader

You can follow or mirror the moves of experienced crypto traders or investors on the platform to help you make trading decisions. Click on a successful trader's profile and click "copy" when that person trades. 

The cost of copying a user's trades is $200, and users can track up to 100 traders simultaneously. Users can access millions of other traders' portfolios, metrics, and risk scores even if they're not using the CopyTrader. While they have complete access to all public profiles worldwide, US clients can only copy other US users.

Despite the availability of the option, you need to remember that the past performance of a trader is not an indication of future results.

Security

eToro takes account safety very seriously - it employs cutting-edge security technologies for top-notch protection of your assets and personal data.

To protect users' funds, eToro uses warm storage and cold storage. Warm storage is the online wallet, while cold storage is the physical hardware where eToro stores crypto offline, protecting it from hackers. No one at eToro has the authority to transfer cryptocurrency from the cold storage system.

Furthermore, eToro employs cutting-edge monitoring systems to detect and prevent frauds like money laundering and duplicate spending.

To protect your eToro account and your personal and financial information (e.g., login attempts), eToro uses advanced encryption, masking methods, and rate-limiting on account operations. You can also use the two-factor authentication (2FA) feature to add an extra degree of security to your account.

Regulation

eToro is a regulated trading platform with operations in London, Tel Aviv, Israel, and Cyprus operations. It adheres to the legal and regulatory requirements put forth by leading regulatory organizations like: 

• The Financial Industry Regulatory Authority (FINRA) and Financial Crimes Enforcement Network (FinCEN) for eToro USA LLC. eToro USA Securities Inc is a FINRA member.
• The Financial Conduct Authority (FCA) in the UK.
• The Cyprus Securities and Exchange Commission (CySEC) in the European Union.
• The Australian Securities and Investments Commission (ASIC) in Australia. eToro Australia may function as the principal and hence issuer of the financial product or as your agent, depending on the financial instrument you choose

Virtual Portfolio

eToro offers a free $100,000 virtual portfolio for you to try all of its trading platform features before investing real money. It lets you get a taste of cryptocurrency's volatility and understand the risks involved in trading before committing.

Copy Portfolio

You can invest in one of four crypto portfolios designed by eToro and regularly rebalanced: Crypto Portfolio Copy Portfolio, CryptoCurrency Copy Portfolio, Crypto Equal Copy Portfolio, Crypto Takeover Copy Portfolio, in addition to buying and trading specific cryptocurrencies.

Investing in these portfolios involves a risk because you need to invest in crypto other than Bitcoin and Ethereum, with a considerable investment of $2,000-$5,000. These high minimums can impede many investors, especially newcomers because experts recommend only spending 5% or less of your whole portfolio on cryptocurrency.

Insurance

eToro provides free insurance from Lloyd's of London with coverage of up to 1 million euros, pounds (GBP), or Australian dollars (AUD). All eToro customers are protected with no need for a special registration. The insurance covers cash, all CFD positions, and securities. 

Note that the insurance doesn't cover crypto-asset parts.

User Interaction

Content on eToro's social trading platform is generated by members of the collaborative trading community eToro. You can connect with investors on eToro and learn from them by commenting on their articles, interacting with them, and copying their investment methods and portfolios.

But remember that these investors give investment advice based on their experience, and investing entails risk, so don't follow them blindly — conduct your independent research first, then invest.

You can also use the CoinStats crypto portfolio tracker to track the progress of all your crypto assets from one place.

eToro Pros

eToro has an active community and is an excellent choice for cryptocurrency trading. With unique features, eToro provides real-time insights and tiered membership options for advanced users.

• CopyTrader, letting users copy trading done by other investors.
• Straightforward fee structure.
• Offers educational materials in multiple formats - written instructions, videos, webinars, podcasts, and in-person and online training courses are available through eToro academy.
• Desktop and mobile trading options. It's even easier with the user-friendly app letting you trade on the go from anywhere, at any time.
• eToro practice account. You can try all features on eToro's trading platform risk-free with $100000 in a virtual portfolio before investing real money.
• Easy to register with low account funding requirements in most countries.
• Regulated by top-tier financial agencies such as the FCA (Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), and CySEC (Cyprus Securities and Exchange Commission).

eToro Cons

Despite offering many advantages, eToro has a few drawbacks as well. From providing limited services and charging higher spreads than other cryptocurrency exchanges to its below-average customer service.

• Not available in all states. It's confined to only 43 US states. Limited service is a significant drawback as you can't trade crypto using eToro if you don't belong to a state where eToro functions.
• Spreads for some alternative cryptocurrencies can be substantially higher, ranging from 1.9 -to 5%. (However, eToro's spread is not too bad if you sell or purchase Bitcoin.)
• In the US, there is no direct crypto-to-crypto trade for Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and Litecoin (LTC).
• Customer service is mainly available via web-based tickets and might take a while. The live chat is only available for Club members.
• High non-trading fees -$10 per month after one year of inactivity.

Frequently Asked Questions

Why Choose eToro

When it comes to crypto trading, eToro is a fantastic option. The UI is simple, with unique features that make trading straightforward, hassle-free, and secure.

Is Money Safe on eToro

eToro is entirely secure; it uses two-factor authentication (2fA), powerful SSL encryption, and masking techniques to protect your account.

It's regulated by top-tier financial regulators such as the FCA, ASIC, and CySEC and insures users' funds.

However, don't disclose any personal information or your login credentials, and always look for security signs on your browser.

What Methods Can Be Used to Buy Crypto

The exchange offers the option to buy crypto with a debit card, credit card, or bank transfer. If you don't want to use these methods, you can opt for PayPal, Skrill, Neteller, Rapid Transfer, Klarna, Przelewy 24, POLi, and iDeaL.

Which Cryptocurrency Does eToro Support

eToro supports almost 40+ world's popular cryptocurrencies, including Bitcoin ((BTC), Ethereum (ETH), Cardano (ADH), Bitcoin Cash (BHC), Stellar Lumens (XLM), etc.

What Are Spreads

Each product on the platform has two prices: a buy and a sell price. Spread is the difference in price between these two options.

Selling an asset is often known as "short selling," either entering into a contract with a broker or simply investing in an asset that you predict will decrease value.

Buying an asset is called "BUY" on the eToro platform; it suggests investing in something you think will grow in value.

Conclusion

With innovative investment tools and a collaborative trading community, eToro empowers millions of users in over 140 countries to quickly and securely trade and invest in cryptocurrencies, commodities, stocks, etc.

eToro makes buying cryptocurrency trading easy and fulfilling, with more than 40 cryptocurrencies to choose from. The account opening process is swift and straightforward.

eToro provides several unique features, such as social trading, letting you copy other traders to help you get started. It also offers a mobile version, allowing you to trade anytime and anywhere. It provides insurance, a virtual portfolio to test the waters before plunging in, and some of the lowest fees to buy Bitcoin.

However, you should remember that cryptocurrency trading is highly risky, so do your research before investing. References to the earlier performance of a financial instrument, index, or packaged investment product should not be considered reliable indicators of future results.

You can also visit our CoinStats blog to learn more about wallets, cryptocurrency exchanges, portfolio trackers, tokens, etc., and explore our in-depth guides on buying various cryptocurrencies, such as How to Buy Bitcoin, What Is DeFi, How to Buy cryptocurrency, etc.

Investment Advice Disclaimer: This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. CoinStats makes no representation and assumes no liability as to the accuracy or completeness of the content of this guide. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose.

This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index, or a packaged investment product are not and should not be taken as a reliable indicator of future results.

SHIB’s 400% rally brings attention back to dog-themed meme tokens and it could be a sign that DOGE is on the verge of an equal-sized breakout.

Overview

• Daily spot trading volume: $1.3 billion, 30 day average spot: $910.1 million.
• Total futures notional at $209.7 million.
• The top five traded pairs were, respectively, USDT/USD, BTC/USD, ETH/USD, USDT/EUR, and SOL/USD.
• Strong returns from Aave (+18%), Astar (+46%), and Synthetix (+14%).

The post Kraken Daily Market Report for April 01 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $620.8 million, 30 day average spot: $897.0 million.
• The top five traded coins were, respectively, Ethereum (-0.3%), Bitcoin (-1.0%), Tether (0%), Solana (-1.2%), and Polkadot (+2.5%).
• Strong returns from Flow (+12%) and Moonbeam (+47%).

The post Kraken Daily Market Report for April 02 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $596.4 million, 30 day average spot: $894.1 million.USDC
• The top five traded coins were, respectively, Tether (0%), Ethereum (+2.2%), Bitcoin (1.3%), Solana (+3.2%), and USDC (0%).
• Strong returns from Compound (+14%) and Aragon (+13%).

The post Kraken Daily Market Report for April 03 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $953.9 million, 30 day average spot: $888.7 million.
• Total futures notional: $164.5 million.
• The top five traded coins were, respectively, Tether (0%), Ethereum (-0.1%), Bitcoin (+0.4%), Solana (-3.4%), and USDC (0%).
• Strong returns from Mina (+12%), Maker (+7.6%), and Nano (+6.1%).

The post Kraken Daily Market Report for April 04 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $1.0 billion, 30 day average spot: $902.6 million.
• Total futures notional: $156.1 million.
• The top five traded coins were, respectively, Tether (0%), Ethereum (-3.2%), Bitcoin (-0.2%), USDC (0%), and Dogecoin (+16%).
• Strong returns from Dogecoin (+16%) and Multichain (+12%).

The post Kraken Daily Market Report for April 05 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $1.29 billion, 30 day average spot: $908.4 million.
• Total futures notional: $263.8 million.
• The top five traded coins were, respectively, Bitcoin (-5.1%), Tether (0%), Ethereum (-7.0%), USDC (0%), and Solana (-11%).
• While most coins were down, strong returns from Balancer (+17%) and Multichain (+9.8%).

The post Kraken Daily Market Report for April 06 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $765.3 million, 30 day average spot: $832.5 million.
• Total futures notional: $192.3 million.
• The top five traded coins were (for a fourth day in a row), respectively, Tether (0%), Bitcoin (-0.3%), Ethereum (-0.8%), USDC (0%), and Solana (-2.7%).
• Super strong returns from 0x (+50%) and ApeCoin (+25%).

The post Kraken Daily Market Report for April 20 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $932.5 million, 30 day average spot: $827.3 million.
• Total futures notional: $283.7 million.
• The top five traded coins were, respectively, Tether (0%), Bitcoin (-2.1%), Ethereum (-3.0%), USDC (0%), and TerraUSD (-0.1%).
• Strong returns from Tron (+13%), Livepeer (+9.5%), and and Ren (+6.4%).

The post Kraken Daily Market Report for April 21 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $653.4 million, 30 day average spot: $821.4 million.
• Total futures notional: $195.0 million.
• The top five traded coins were, respectively, Tether (0%), Bitcoin (-1.9%), Ethereum (-0.7%), USDC (0%), and Solana (-1.2%).
• Strong returns from Curve Dao (+13%) and Lisk (+12%).