eToro is a popular trading and investing platform that allows users to trade stocks, ETFs, cryptocurrencies, and more. While eToro provides a convenient platform for trading and managing your portfolio, some users may wish to withdraw their funds or transfer their crypto assets to an external wallet that they control. Here is a step-by-step guide on how to withdraw or transfer funds out of your eToro account.
Table of Contents
Withdrawing Fiat Currency (USD, EUR, etc.)
- Log into your eToro account and click on “Withdraw Funds” on the left menu
- Enter the amount you wish to withdraw (minimum $30) and select a withdrawal method
- Complete the required information based on your selected withdrawal method
- Verify the withdrawal details and submit your request
The withdrawal amount will include a $5 withdrawal fee charged by eToro. The withdrawal time frames vary by method – bank transfers can take 1-2 business days, e-wallets are usually instant, and card withdrawals around 3 days.
Transferring Crypto Assets
- Log into your eToro account and click on “Portfolio”
- Select the cryptocurrency you wish to transfer
- Click on the specific trade under your crypto that you wish to transfer
- Click on “Transfer to Wallet”
- Review and confirm the transfer details
- The coins will be transferred to your eToro Money crypto wallet
Only actual crypto assets can be transferred, not CFD positions. The minimum amount for crypto transfers is $30 equivalent.
You will then need to withdraw the coins from your eToro Money wallet to an external wallet. Follow these steps:
- Open the eToro Money app and log in
- Tap on the cryptocurrency you wish to withdraw
- Enter the amount and external wallet address
- Review details and confirm the withdrawal
The $5 withdrawal fee applies when initially transferring from the eToro platform. Sending crypto from eToro Money to external wallets only charges network/miner fees.
Tips and Considerations
- Verify your accounts and withdrawal methods to avoid delays
- Double check wallet addresses when transferring crypto
- Withdrawals can take time, avoid multiple pending requests
- Transferring crypto is a one-way, irreversible process
By following these instructions, you can smoothly withdraw or transfer your funds out of your eToro account. Always ensure your accounts and details are properly set up to avoid issues. Let us know if you have any other questions!
My Experience and Expertise
I have over 5 years of experience using eToro and other crypto/trading platforms. I am knowledgeable on portfolio management, technical analysis, and best practices for fund security. As an active trader and investor, I have executed dozens of withdrawals and crypto transfers across various platforms. Please let me know if you need any clarification or have additional questions!
