Cryptoassets have become extremely popular over recent years as traditional assets suffer from the ongoing volatility caused by political uncertainty.
eToro has been building its platform community of online traders for more than a decade, first through stocks and traditional currencies, and then later through crypto.
Why trade crypto on eToro
There are no over 2,000 cryptocurrencies (a type of cryptoasset) in existence, although not all of them are frequently traded or available via the eToro platform. With so many to choose from, it is difficult to know which is the best to invest in.
In reality, there is unlikely to be just one perfect crypto. Making the right decision depends on why it is valuable. If you can pinpoint that, then it could well be worth a go.
How to trade crypto
Before making a trade, make sure you have a good idea as to what is driving that particular coin, how much you are willing to invest, and work out a timeline of how long you should hold it.
To get started you will need an account on a platform such as eToro, which will facilitate the trades you choose to make as you go through. You aren’t just limited to crypto either, you can also invest in other assets offered by eToro.
Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.
