EToro is an online investment platform where you can buy and sell different types of assets, including cryptocurrencies like Tezos. This article is a step-by-step guide on how to buy Tezos (XTZ) on eToro, and we will show you how to use the different payment options to purchase the coin.
There are up to 3,000+ assets of different types that eToro allows you to trade, including ETFs, forex, commodities, and cryptocurrencies. You can also trade their CFDs if you wish to enjoy the benefits while shouldering the risk. This article will discuss everything about buying Tezos on eToro using the various available payment methods. You will find that they are very easy to use, and the platform is a safe place to buy from.
So, we will begin with an overview of some vital elements to consider before choosing a platform; then, we will proceed to lay out some vital information about the platform and show you how to buy Tezos (XTZ) on eToro in particular.
Here are some important things to consider before you decide where to buy Tezos (XTZ).
Various exchanges operate in various regions, and every region has laws governing online asset sales. These laws may cover many things, from trade and leverage limitations to which assets are legal to trade. You should always check to see what laws apply in the region where your exchange operates.
You want to be able to pay for your Tezos quickly, easily, and securely. You also want to have as many options as possible for your convenience or in case some payment service providers are down. This is why you should always ensure the exchange from which you want to buy Tezos has multiple payment methods and the best and most reliable ones at that.
As part of the money you spend on buying Tezos on any platform will go into fees and charges, you want to be sure your platform is being upfront about theirs. The charges must be freely available and easy to access so you can always know how much you will be spending.
Reputable crypto trading exchanges usually have a page or section containing their volume listings. Such a section can help you gauge how much activity is going on in the exchange, which is usually an indicator of how legit it is.
eToro is a global trading exchange headquartered in the UK and Australia. In addition to this head office, it has regional and branch offices in other locations, including Seychelles, Gibraltar, Malta, the US, and Cyprus. These are the locations of the offices in these regions..
The broker also complies with the regulatory standards of several regulators in its various offices, and here are these regulatory bodies.
Prices on the eToro trading platform are usually quite small, with fees reduced as much as possible. The spread, for instance, is generally 1% of every crypto transaction. However, the withdrawal and deposit fees can be quite high, with up to $5 for every withdrawal. Leverages are also quite small, with up to 1:2 for crypto CFD. Only the CFDs are leveraged, so if you bought real Tezos, you couldn’t trade it with leverage. Also, the leverages are the same whether you’re trading from inside or outside the EU.
There are up to 12 payment options available on the broker, and you can use any of them to purchase the coin. They include credit cards, debit cards, bank transfers, and several electronic methods like Neteller and Skrill. We will show you how to buy Tezos (XTZ) on eToro using some of these methods.
In the interest of making trading a more diverse and cross-platform experience for clients, trading platforms and exchanges will usually offer both desktop and mobile trading apps. And one or both of them may be proprietary or third-party. Let’s see which ones eToro has for you.
Desktop platforms or apps enable you to trade from your personal computer, and they generally allow you to access more features and data per screen than mobile apps. Sadly, eToro does not offer any desktop trading apps at the moment, and it’s not clear that it will in the near future.
However, it does have a proprietary web platform accessible on desktop computers. The platform is designed to be very user-friendly, with the characteristic eToro aesthetic and advanced functionality made easy to enjoy. Its features include the economic calendar and advanced charting tools.
Compared to a desktop app, a mobile app gives you a more handy and compact hud to work with, and it’s great for trading on the go. While the broker doesn’t offer any desktop app, eToro does operate a mobile app that’s very easy to use and has an aesthetically balanced interface. It has lots of great trading features apart from the one that allows you to buy eToro, including advanced charting and analysis tools, research and insight, and offline trading. eToro also features a crypto wallet – the eToro wallet – where you can store your crypto assets. Additionally, its social trading feature allows you to copy the trades of any pro trader of your choice. You can get the eToro mobile app on Google Play Store or the Apple app store.
We have looked at what to consider before choosing an exchange. By all these indicators, eToro ranks easily among the top marketplaces for buying Tezos. We will now walk you through the procedure for purchasing the coin on eToro.
On eToro, there are two choices you may choose from: buying real Tezos or trading its CFDs, and each has benefits and downsides. One drawback of buying real Tezos is that eToro only permits leveraged trading for the CFDs of these digital assets. However, it’s the ideal option if you just want to speculate on price movements, are content to pay the entire asset value (due to no leverage), and plan to hang onto your assets for a considerable amount of time.
Trading CFDs is also ideal if you want to trade in either direction, don’t want to spend your money on crypto assets, and don’t want to control any underlying asset. However, you should know that CFDs are riskier because your losses could be amplified because of the leverage. Because this risk is much more impactful on retail traders, the FCA has banned the trading of crypto CFDs within UK territory. This means the eToro crypto CFDS and their leverages are only available to traders outside FCA jurisdiction. And speaking of leverage limitations, while some countries may have none, others may be as stringent as the UK, while others may not allow you to trade with leverage at all.
All in all, buying Tezos on eToro is a straightforward process, especially due to its user-friendly and intuitive layout. You also get to choose from various options to pay for the coins. These payment methods have relatively large fees, which is not great if you are making small withdrawals.
The broker’s other charges, however, are often modest and relatively reasonable. Regarding digital platforms, users who want to trade on a desktop will not be happy with the lack of a desktop app. However, the mobile app functions well and has many great features you can use. And so, we hope this article has provided you with all you need to know about how to buy Tezos (XTZ) on eToro.
Because it has great security features and is extensively regulated, eToro is a safe exchange to buy Tezos.
Our article outlines How to buy Tezos (XTZ) on eToro, but in summary, you simply need to open an account, fund it, find the Tezos, and place your buy order.
When buying Tezos on eToro, you pay a spread of 1%.
Tezos is a great coin to buy if you hope to at least double your investment by 2028. Otherwise, the future outlook for Tezos is not too big.
You can buy Tezos with credit cards by using credit cards as your payment option.
You can buy up to 90 Tezos for $100 on eToro.
EToro does offer a wallet where you can store crypto, including Tezos.
You can transfer your Tezos from eToro to virtually any wallet of your choice.
Yes. There are some e-commerce platforms that will accept Tezos, and some utility companies may allow you to pay your bills using Tezos.
You can trade Tezos CFDs with leverage on eToro.
Tezos might be worth adding to your shortlist as a beginner if you plan to hold it for long.
