The eToro wallet for iOS and Android is rolling out on a phased basis and recently became available in the EU. It offers all of the standard features that you would expect from a crypto wallet, alongside platform-specific features, such as the ability to interface with your account on the eToro platform.
Basic Functionality
At its core, a crypto wallet is simply a way of securely storing your cryptocurrency and allows transfers to and from other wallets. As you would expect, the eToro wallet performs these functions well, through an intuitive and simple user-interface. At present, the wallet supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, with the promise of more to follow.
Additional features include the ability to convert between cryptocurrencies directly within the wallet. This is simply a matter of choosing which currencies you wish to convert between, and the amount you want to convert. The amount of the destination coin you will receive is displayed before you confirm the conversion.
Why The eToro Wallet Is Different
The eToro wallet allows clients to transfer crypto-assets from the eToro platform and store them. It also enables users to view open positions on the platform from within the app, bridging the gap between crypto-investors and the trading platform.
Additionally, the wallet links seamlessly to the web platform, letting users place trades and orders, view their watch-list and portfolio, and even copy people directly through the wallet app.
eToro has built a reputation as a trusted, secure and regulated trading platform, and the wallet offers multiple security features, including two-factor authentication.
The Final Word
The wallet is available to any verified eToro user, and the interface currently boasts 16 language options.
If you currently use the eToro trading platform, then the eToro wallet is the perfect companion, enabling you to access your account, and store your crypto-assets, conveniently and in one place.