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Author: Admin | 2025-04-27
CopyTrader software is featured in the demo account, so you can use it to copy the techniques of other experienced investors to your virtual portfolio at no personal cost. Selling Bitcoin on eToro is a relatively straightforward process as buying. Follow the prompts below to get started:Step 1: Open your eToro account by signing in and navigating to the portfolio section. It’s located on the left side panel of your profile.Step 2: Choose bitcoin as the crypto you want to trade and click on the ‘Sell’ button.Step 3: A new screen showing bitcoin’s live rates will pop up. Review it, specify the amount, and press ‘Sell’ at the bottom of the screenYour request will be executed as soon as possible, and the fiat money equivalent to your bitcoin value will be added to your eToro account. How Much Does It Cost to Buy Bitcoin on eToro?eToro charges a standard 1% fee for the Bitcoin amount you wish to buy. This fee is added to the market price (bid-ask spread) and is often included in the price the platform displays when you open or close a position.A “loss” in a position will reflect immediately after you initiate a buy order. This is because the 1% buy fee you pay and the 1% sell fee you will be charged when closing a trade are included in the trading stats.Generally, eToro operates in US dollars, so you won’t be charged anything when you deposit US dollars in it. However, you will incur a conversion fee if you fund it with other currencies. The amount depends on the funding provider, such as the bank involved or the credit card provider.All withdrawal requests attract a $5 fee. Any withdrawals conducted with non-USD currencies also require you to pay conversion fees. Be prepared to pay blockchain fees applicable for receiving Bitcoins, as well. eToro Alternatives & CompetitorsMoving the Bitcoin to the eToro crypto wallet will incur a transfer fee of 2% of the transaction size. If you fail to log into your account for an entire year, eToro will render your account inactive and charge you $10 monthly in inactivity fees. This fee will be deducted from the available account balance.eToro’s cost structure may differ from other cryptocurrency platforms. For instance, Coinbase charges $10 for deposits and $25 for withdrawals performed through wire transfers. These charges are significantly higher than eToro’s.Kraken’s trading fees are slightly lower than those of eToro, as they can range between 0-0.26% based on the trading volume. Unlike eToro, withdrawal fees for Kraken are not fixed and can vary depending on the amount, reaching as high as $35.Binance charges lower trading fees than eToro, where every crypto trade attracts a 0.1% standard
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