eToro’s trading platform is user-friendly and very intuitive. It features a clean layout and a simple user interface that makes it easy to navigate. Besides, the platform’s security is good. You don’t need to worry about your account being hacked, as the Crypto assets are stored separately on your device.
The only downside of eToro’s trading platform is the limited variety of trading options. You cannot place market or limit orders, which can be a pain if you want to trade quickly. Instead of market orders, eToro review offers “Actions” designed for specific uses like saving or investing.
In addition, you cannot write options or Futures contracts in eToro. Instead, you can only buy Crypto-assets like Bitcoin and Ethereum. To trade these markets, you must have an account with one of the existing Crypto exchanges like Coinbase, Binance, or KuCoin.
Margin trading is a way to increase your potential profit when betting on Cryptocurrency markets. This article describes how to use eToro to margin trade on Bitcoin and Ethereum. In addition, it will provide recommendations for safely buying cryptocurrencies with this method and outline how you can protect yourself from getting scammed while trading on margin with eToro.
Margin trading is a trading method where you borrow money to buy Cryptocurrency. It is entirely different from traditional trading, which involves only buying Crypto assets and selling them when the price increases. With margin trading, you are in a position to make a profit when the price falls.
Why Should I Use Margin Trading Instead of Buying on eToro? Let’s first understand what margin trading is. Margin trading allows traders to open positions with borrowed funds instead of possessing their assets. In this case, your assets are held outside the platform by a third party and secured in a bank account or treasury funds (available from other sources). You can then use that amount as collateral to cover the balance required to open your desired position or sector size.