Selling your cryptocurrency on various exchanges is quite complicated and a time-consuming process. However, eToro is one platform that allows you to sell your cryptocurrency within a few steps quickly. Want to know how to sell crypto on eToro? Stop your search right here as you’ve got the very right page! Here we’ll be discussing how to sell crypto on eToro and some other important information related to the eToro platform.
eToro is one of the common platforms widely used by cryptocurrency traders. This trading platform allows users to invest in forex, stocks, and cryptocurrencies. If you are new to this platform, you might be wondering how to sell crypto on eToro. Worry not as this step-by-step guide will help you learn how to sell crypto on eToro.
It isn’t a confusing or complicated process to sell your crypto using this platform. To learn how to sell crypto on eToro, you just need to go through some quick steps. You can simply log in > Portfolio > Crypto > Red Cross > Close the Trade. Just follow these steps and you’ll sell your preferred cryptocurrency on the eToro platform. Don’t worry, we’ll discuss them in detail later.
Sometimes it is quite confusing and complicated to sell crypto on any exchanges. However, it is not so in the case of eToro. Here is a post covering all the important details related to eToro and how to sell crypto on eToro. Read the post until the very end so that you don’t miss out on any crucial information. So, without any further delay, let us begin the post and find out how to sell crypto on eToro.
What Is eToro?
eToro is among the most popular crypto trading platforms. It was launched in 2007. The platform is considered a pioneer in social investing. It is a market-leading social trading platform that allows investors and traders to copy the trades of various experienced investors and also receive various exclusive perks for sharing their trading strategies. It has more than 3,000 tradable symbols.
It is a large global crypto exchange offering non-US users the opportunity to trade crypto, forex, and exchange-traded securities. The platform allows users to enjoy crypto and stock trading. It is among the first online trading companies for supporting digital currency trading when support was added for Bitcoin in 2014. Let us quickly pour some light on the advantages and disadvantages of using the eToro platform before learning how to sell crypto on eToro.
Related: How To Withdraw Money From eToro | 4 Easy Steps For You
What Are The Pros And Cons Of eToro?
Let us check out the advantages and disadvantages of using the eToro platform before moving towards how to sell crypto on eToro. So, let us quickly walk you through the pros and cons of the eToro platform.
Pros Of eToro
- You can enjoy a seamless account opening.
- Users can enjoy access to over 30 cryptocurrencies.
- Social trading.
- Users have access to free ETF and stock trading.
- It is an established platform.
Cons of eToro
- The platform charges a high non-trading fee.
- The customer support is not so good.
- The platform has only one account base currency.
- Margin trading isn’t available for US users.
As we have had a discussion on the pros and cons of this trading platform, let us further discuss how to sell crypto on eToro.
Related: How To Sell Crypto On Coinbase | What Steps You Need To Go Through?
How To Sell Crypto On eToro?
It is sometimes a confusing process to sell your cryptocurrencies using some popular exchanges. But using the eToro platform isn’t a complicated process. You can sell your crypto using this platform. Want to learn how to sell crypto on eToro? Here are the steps you need to follow. Let us check out these steps on how to sell crypto on eToro.
- Open the eToro official website.
- Log in to your account by entering your details.
- Navigate to the left side.
- Press the menu icon here.
- Click on the Portfolio button.
- You’ll find a list of positions in your portfolio.
- Choose the crypto you’d like to sell.
- Navigate to the right side of your screen.
- You’ll find a red cross icon.
- Press that to close the trade.
When you close the trade, it means you are selling your crypto and the value in fiat currency will be added to your eToro account. Wasn’t it a super easy and quick process? This is how to sell crypto on eToro in just a few easy and quick steps. If you have any crypto on the eToro platform, you can easily sell them using these steps.
Related: How To Sell Crypto On Crypto.com | A Step-Wise Guide!
This post is all about how to sell crypto on eToro. We hope you have had a good time reading out our post and found it informative. Follow these steps to sell your crypto on the eToro platform. As we have provided enough details, you must’ve got all your doubts clear. In case, you have any questions related to this post on How to sell crypto on eToro, feel free to drop them in the comment section below. Share the post with your known ones and help them know how to sell crypto on eToro!
Frequently Asked Questions
Q1. Can I Cash Out Crypto On eToro?
A. Yes, it is possible to cash out your cryptocurrency on the eToro platform. You can withdraw crypto positions that meet several requirements from the eToro platform to the eToro crypto wallet.
Q2. Is eToro Good For Crypto?
A. Yes, eToro is considered a great platform for crypto trading and social copy trading. It is a user-friendly platform and the mobile app is also great for casual and beginner users.
Q3. Does eToro Pay Dividends?
A. Yes, etoro does pay dividends. Your account will be debited/ credited if you’re trading a stock, index, or ETF that pays dividends. In case you hold a BUY position, you’ll receive the dividend payment to your available balance.
Q4. Can I Sell XRP On eToro?
A. Yes, eToro is a user-friendly crypto trading platform allowing users to easily buy or sell cryptocurrencies like XRP.