The cryptocurrency world can be overwhelming, especially when you first get started. With so many different coins, tokens, and other digital assets, it can be challenging to know where to begin. If you’re looking to get started with cryptocurrencies but aren’t sure where to begin, we recommend that you look at eToro. eToro is a social trading platform that allows you to invest in various altcoins and assets. In this eToro trading platform review, we’ll outline everything from the eToro platform itself to the multiple types of cryptocurrency assets you can invest in.
Let’s get started. eToro is a social trading platform that allows you to invest in various assets, including stocks, ETFs, and cryptocurrencies. The site is highly user-friendly, making it easy for beginners to start. However, it’s not necessarily suited for more advanced traders. There’s a good chance you’ll be overwhelmed if you’re not accustomed to trading online. eToro is located in Gibraltar, a member state of the European Union.
This means that you are not required to register with the company before investing in cryptocurrencies.eToro results has its cryptocurrency called eToroCoin, used as currency on the platform. (How It Works) The eToro platform uses Ethereum technology and smart contracts to ensure a secure and transparent trading experience for its users. Once you’ve registered on the site, you can start placing orders for coins and tokens that the exchange has vetted. You can register for an account through your email address or mobile number, but it will only be activated once eToro staff members have verified this information.
Bitcoin is undoubtedly one of the most popular trading assets right now. eToro currently has more than seven million customers across 60 countries who have traded 2.5 billion dollars in crypto since 2013. The exchange uses Ethereum technology and smart contracts to ensure that transactions are swift and secure, eliminating fraud and double-spending issues within their system.