On March 24, a reliable source reported that the eToro trading and investment platform has announced that users in the United Kingdom and Europe can transfer cryptoassets from other exchanges, brokers, or blockchain wallets to their eToro cryptocurrency wallet. This feature allows users to convert cryptoassets to cash and vice versa.
Eligible eToro users currently holding Bitcoin or Ethereum in external wallets or exchanges can transfer these cryptoassets to their eToro wallet. There, they can convert them to local currency in their GBP or EUR account. These funds can be reinvested in any available instrument on the eToro platform, withdrawn as cash, or used through GBP or EUR accounts or the eToro debit card (for UK users).
The new function will be gradually rolled out to eToro Club members, starting with Diamond Club members in the United Kingdom and Europe. Transfer fees range from 0.6% to 1%, providing a new level of flexibility and convenience for users in managing their cryptoasset portfolios. This content is intended to provide market information and is not investment advice.
