What are the fees and charges associated with social trading on eToro for cryptocurrencies?

3 answers

• Jan 11, 2022 · 3 years ago
  Sure! When it comes to social trading on eToro for cryptocurrencies, there are a few fees and charges you should be aware of. First, there is a spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is how eToro makes money. Additionally, there may be overnight fees if you keep your positions open overnight. These fees vary depending on the cryptocurrency and can be found on eToro's website. Lastly, there may be withdrawal fees if you want to transfer your funds from eToro to another wallet or exchange. It's important to check the fees and charges section on eToro's website for the most up-to-date information.
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• Jan 11, 2022 · 3 years ago
  The fees and charges associated with social trading on eToro for cryptocurrencies are relatively straightforward. As mentioned earlier, eToro makes money through the spread fee, which is the difference between the buy and sell price. This fee is applicable to all trades on the platform. Additionally, there may be overnight fees if you keep your positions open overnight. These fees are calculated based on the size of your position and the duration it is kept open. Lastly, there may be withdrawal fees if you decide to transfer your funds from eToro to another wallet or exchange. It's important to note that these fees can vary depending on the cryptocurrency and the specific circumstances of your trade.
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• Jan 11, 2022 · 3 years ago
  At BYDFi, we understand that transparency is key when it comes to fees and charges associated with social trading on eToro for cryptocurrencies. eToro charges a spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is clearly displayed on the platform before you make a trade. Additionally, there may be overnight fees if you keep your positions open overnight. These fees are calculated based on the size of your position and the duration it is kept open. Lastly, there may be withdrawal fees if you want to transfer your funds from eToro to another wallet or exchange. It's important to review the fees and charges section on eToro's website for the most accurate and up-to-date information.
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