What is Cryptocurrency and how do you trade or invest in Cryptocurrency?
Cryptocurrency is an online-based medium for exchange, which uses high tech cryptographical functions to allow private and secure financial transactions to occur.
Cryptocurrency is unique to other currency (FIAT) as it uses the blockchain technology to make it decentralised, cheaper and faster.
So how can you trade or invest in cryptocurrency? The easiest way is to trade or invest in cryptocurrency is with a licensed broker.
Each of the brokers we recommend (besides Black Bull Markets) provide Cryptocurrency trading and investing on their brokerage exchange. See which broker is best for crypto trading and which coins you are able to trade with them below.
Is Etoro the best Cryptocurrency Broker/exchange in 2019 (UK) Review?
Etoro offers the largest range of Crypto CFD's, pairs and coins to trade and buy within the beautiful Etoro platform. When you buy Crypto coins on Etoro you are actually buying the real coin, all non-leveraged positions are traded as real assets.
Etoro offers more Cryptocurrencies for you to buy and trade than any other broker, they have seen the true potential of what a Broker should be to new crypto enthusiasts and really driven it all the way home. Below are all of the cryptocurrencies Etoro stocks on its platform.
Bitcoin Cash (BCH)
As you can see the top 5 major cryptocurrency coins are all kept on the Etoro platform, however Etoro hodls (see what we did there) many more coins on the platform that are less known and popular. These coins are even more volatile than the main 5 coins, although they are still tradeable.
Etoro also holds the most amount of crypto CFD products we've ever come across, so many we couldn't even list them all, but here are the favourites:
Etoro has some average spreads/commission structures (fees/charges) when it comes to trading CryptoCurrencies on its trading platform. As mentioned previously Etoro exists as a premium trading service ideal to newcomers, such as its social trading environment making it easier than ever for new traders to become profitable. Due to this Etoro has higher fees than other brokers who do not offer these extensive services that new traders can depend on.
Read more about Etoro's Crypto porgram and why they are considered the best Crypto trading broker by clicking here:
Can you Buy Bitcoin (BTC) with Etoro (UK) Review?
Etoro offers Bitcoin (BTC) to be traded and held on its exchange, including buying/selling. Etoro has minimal spreads for Bitcoin (BTC) trading, this spread currently (12/11/2019) fixed at 0.75% spread. When you compare Etoro to Trading 212 you see how low Trading 212 really is with their crypto spreads. Trading 212 aims for a spread of around 25, which is about 0.40% spread, (however this is a dynamic spread and can go far higher dependent on the market.) Although Etoro doesn't have the lowest spreads similar to Trading 212, Etoro still is relatively very good. Furthermore, Etoro offers 0% commission on all fo its crypto trading including Bitcoin (BTC), so every penny and coin is all yours to keep (similar to Trading 212).
Due to Bitcoin (BTC) being available 24/7 there is no overnight fee/charge for hodling Bitcoin (BTC) or any other cryptocurrency. Instead, Etoro only charges users who hold leveraged Ethereum or Bitcoin or are shorting any cryptocurrency on its platform. The Etoro team does point out that fees and charges are subject to change and the best place to get up to date information is here:
When you first start investing and trading Bitcoin (BTC) you may only have a small amount of capital to begin trading with, therefore it would be great for you to only have to risk small amounts of capital in order to trade Bitcoin (BTC). Luckily for you, the minimum trade size for any cryptocurrency trade (in any country, including the UK)for Etoro is 25USD/25GBP dependent on your base currency. This is great for new traders who want to invest, buy and trade crypto such as Bitcoin (BTC) as you are able to do so at the low price of 25GBP. This breaks the ice allowing new traders to enter the market in a safer environment with less risk to their wallets. This is especially effective when you couple this with Etoro's social trading feature - new and beginner crypto traders are able to start trading with small account balances and copy traders who are experienced, therefore profiting off of crypto trading is easier to break into more than ever through the use of Etoro.
Should you Buy/Trade Bitcoin (BTC) with Etoro?
Etoro has introduced educational content on its site in the form of long articles, videos and blog posts. These can help you as a new trader massively. These video and articles are more general to trading and investing, rather than crypto-specific but can help an absolute tonne.
Etoro will help you become a better trader simply by watching a few of their rich informative videos.
Furthermore, Etoro is great for new traders to start their crypto journey as from within the platform you are able to copy trades from professional crypto traders. You are able to search for top Crypto social investors and traders and choose a trader/investor to follow based on their profile (what they trade, how they trade etc etc). For example, if you really wanted to trade Bitcoin (BTC) then you could easily find a trader who shares their Bitcoin (BTC) signals for free. You can also see a traders backlog of trades, so you can see how profitable they are when it comes to their past trading experience, helping you to choose the best CopyTrader for you. With over 3 million traders to copy from, you really can't go wrong, so many are very profitable and popular. When you start copying profitable trades you can manage and monitor your CopyTrading status, you remain in full control of the trading, so you can take over whenever or stop copying at any time.
Top tip: You should always be on the lookout for rising trading stars who can bring you in additional profit!
If you're looking to buy, trade, invest or hodl Bitcoin (BTC) then Etoro really is the place to be, especially if you're new to CryptoCurrency. Etoro should be the starting point for every new crypto trader who's learning the ropes.
Learn more about Etoro and their Bitcoin (BTC) trading here: Etoro Info
As an additional note Etoro also offers Bitcoin Cash (BCH) the much younger and fresher cousin of Bitcoin (BTC), Bitcoin Cash (BCH) is a new crypto coin that has been improved for functionality purposes upon the standard Bitcoin (BTC).
Bitcoin Cash (BCH) is faster, cheaper and can handle more transactions per second than its cousin, Bitcoin (BTC). Bitcoin Cash (BCH) has become very popular amongst traders and hodlers over the past two years, so it's great to see Etoro stocking it when not all brokers do.
Bitcoin Cash (BCH) is available on Etoro with a minimal percent spread of 1.90% - still with 0% commission on every cryptocoin including Bitcoin Cash (BCH).
Learn more about Etoro and their Bitcoin Cash (BCH) trading here: Etoro Info
Can you Buy Ripple (XRP) Cryptocurrency in the UK with Etoro? Review
Etoro offers Ripple (XRP) as product that you are able to buy, sell, trade and invest with the Etoro platform. Etoro also offers Ripple (XRP) as a product available to copy trades from professional social crypto traders.
Etoro has Ripple (XRP) on a minimal percent spread of 2.45% and 0% commission on every single trade. Again the same as Bitcoin (BTC) these are reasonable spreads when compared to other brokers, even those without the premium features that Etoro offers, especially to new traders.
Where is the cheapest place to buy Ripple (XRP) and is Etoro cheap (UK)?
As mentioned above Etoro has a minimal fixed spread of 2.45% and 0% commission on every cryptocurrency trade, including ones with Ripple (XRP). When compared to a cheap broker such as Plus500 we see that Etoro is more expensive to trade Ripple (XRP) on. The percent spread on Etoro for trading Ripple (XRP) is 2.45% whereas on Plus500 it is 1.56%. Both offer 0% commission on all of their crypto trading. Etoro is generally more expensive, but Plus500 does not offer the support and help of CopyTrading that Etoro so generously does.
Should you Buy or Trade Ripple (XRP) with Etoro in the UK?
Etoro offers a unique experience that no other broker can even give you a slice of. CopyTrading Crypto products is a giant leap for beginner traders that allow them to swiftly move into crypto trading.
Etoro has rich information in the form of blog posts, videos and articles, so you can soak up all of the knowledge you need to in order to start buying and trading Ripple (XRP).
If you're looking to start trading, buying or hodling Ripple (XRP) then Etoro is one of the best places to start. Etoro allows new traders to enter the Ripple (XRP) scene like never before. Sadly with higher than usual spreads, but that won't make a difference to you when you're copying the most successful crypto trader around.
Learn everything you need to know about trading Ripple (XRP) here:
Can you Buy Ethereum (ETH) Cryptocurrency in the UK with Etoro? (Review)
Etoro enables you to buy, trade and invest into Ethereum (ETH) on their platform.
Etoro has fixed minimal percentage spreads for trading and buying Ethereum (ETH), Etoro has average to high spreads for its Ethereum (ETH) trades when compared to other beginner brokers such as Plus500, however this is due to Etoros premium Crypto CopyTrading system that outshines Plus500 x500 times over (see what we did there).
So where is the cheapest place to buy or trade Ethereum (ETH) in the UK?
Spoiler: It's not Etoro, but obviously that's not why Etoro is our favourite Crypto broker, it's for many other reasons.
Etoro as mentioned above has fixed minimal percent spreads, the percentage spread for Ethereum (ETH) is 1.90% VS Plus500 who has a minimal percent spread of 0.68%, which is obviously much lower. Plus500 and Etoro both have 0% commission on all cryptocurrency trading including all trades on Ethereum (ETH).
So Etoro is our favourite beginner Crypto Broker yet they have some of the highest spreads? Yes.
Why? - the Etoro platform and support is superior in every way and is a requirement for new traders to become profitable.
Check out Etoro's full spread details here: Etoro Info
Should you Buy/Trade Ethereum (ETH) with Etoro in the UK?
If you're new to trading and especially crypto then Etoro can really help you out, having the option to copytrade from 3 million 'professional' crypto traders (where you can see what they trade and past performance) is a massive help to expose you to the volatrive crypto markets. You don't need to personally predict the price of Ethereum (ETH), just put an auto copy on the best Etoro crypto trader and you're sorted.
Etoro can help you to build the foundations of your trading career within crypto or any other assets/product section, as Etoro has a Trading Academy section where they teach you the fundamental building blocks of trading and investing in any products, including cryptocurrencies.
Check out Etoro's trading academy and platform here: Etoro Info
If you're a first time trader/investor into Ethereum (ETH) then Etoro is one of the best places to start. Hands down they make crypto trading a breeze compared to any other broker. The slightly higher spreads are the price you pay for a swift, easy and accessible broker.
Source of information: Etoro Info
Can you Buy Litecoin (LTC) Cryptocurrency in the UK with Etoro? (Review)
Etoro offers Litecoin (LTC) on its brokerage platform, enabling you to easily buy, trade and invest into Litecoin (LTC) from a secure broker.
Etoro has Litecoin (LTC) on its platform with minimal percent spreads similar to the other cryptocoins Etoro holds.
Is Etoro a good Crypto Broker to buy Litecoin (LTC) on and where is the best place to buy Litecoin (LTC)?
Etoro as mentioned does hold Litecoin (LTC) with minimal percentage spreads, these spreads are average compared to other beginner brokers, however as mentioned previously, there is good reason for this. Etoro has Litecoin (LTC) on a minimal percentage spread of 1.9%, which is average but when compared against Plus500 it's not as good, Plus500 has minimal percentage spreads of 1.35%, which to be fair isn't extremely far out from Etoro, and Plus500 has minimal features when compared to Etoro.
Find out more about Etoro and their Litecoin (LTC) trading here: Etoro Info
Etoro Crypto Broker Concluded Review
In summary Etoro is an exceptional beginner crypto broker that offers more than any other broker we have ever reviewed on this site (in terms of crypto and CFD products).
As mentioned in the overview Etoro offers more crypto products than any other broker, in terms of actual coins (major and minor) and also CFD products.
Etoro holds the following products:
Bitcoin Cash (BCH)
Cryptocurrency CFD Products:
AND SO MANY MORE PAIRS - This is something very unique we found about Etoro, they are one of the only brokers to have this many pairs that are traded frequently on their platform. This means that with Etoro the crypto markets will never be quiet and there will always be trading opportunities with them.
Etoro offers the CopyTrading system that is its main selling point to new traders, especially new crypto traders. Crypto trading can be daunting when you first start, and this is universally true, even for expert forex traders. So having access to over 3 million 'professional' crypto traders at a click of a button for free is exceptional and something that no other broker has even come close to replicating.
Etoro is our favourite broker, next to Trading 212 as the best CryptoCurrency broker for trading BTC/XRP/ETH/LTC with for beginners.
Find out for yourself why Etoro is our absolute favourite crypto broker for beginner traders here: Etoro Info
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