eToro
Boasting a community of over ten million people, eToro is one of the leading global trading and investment platform – and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2013, and at the time of writing – mid 2018 – eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. eToro now offer 15 cyrptocurrencies for trading in the US and 16 global. You can see the list here: https://www.etoro.com/discover/markets/cryptocurrencies/coins
The motto at eToro is “Cryptos Needn’t Be Cryptic” and the team is always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. To make trading even more straightforward eToro has two pioneering tools – CopyTrader and CopyPortfolio – that are game-changers for crypto traders of all levels. The first, CopyTrader, allows users to copy top traders automatically; and is perfect for those users who are unsure about what cryptos to trade. Over time, and by monitoring the top traders’ strategies, eToro traders can build up their trading experience and confidence. The second CopyPortfolio, allows users to diversify their portfolio immediately – the Crypto CopyPortfolio is powered by artificial intelligence and regularly rebalanced.
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Pros
Cons
Buying cryptocurrencies is not appropriate for everybody. Cryptocurrencies are not regulated. They are not backed by governments or central banks. Cryptocurrencies are backed by technology and trust. You will not benefit from the protections available to clients receiving regulated investment services, such as access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS) for dispute resolution. You are at risk of losing all of your invested capital.