Updated August 14, 2022 8:25 AM PT

eToro Withdraw Guide

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Trading on eToro, but not sure how to make withdrawals? Are there fees or restrictions? Read this eToro withdrawal guide to answer your questions.

eToro's trading platform is great for beginners with an easy-to-use interface.

It offers pre-existing diversified portfolios. Or you can copy the trades of experienced investors. These help you get pretty deep into trading without advanced knowledge.

But is it easy to withdraw your money from eToro?

Withdrawing funds from eToro is a simple process. Withdrawing crypto is a little more complex.

In this eToro withdrawal guide, you'll learn how to withdraw money and crypto from your account. You'll also learn about the fees, restrictions, and withdrawal times.

Let's dive in.

What is eToro?

If you're already familiar with the eToro platform, feel free to skip ahead. But for those new to eToro, here's an overview of the platform and what it does.

eToro is an online trading platform founded in 2007 and based in Israel, with offices in the U.S., Cyprus, Australia, and the UK.

They offer trading of:

  • Currencies
  • Commodities
  • Stocks
  • ETFs
  • Cryptocurrencies
  • Indices

Available assets may vary depending on your region.

What's unique about eToro? It is a social trading platform, combining investing tools with aspects of social media to provide more value to traders than purely the ability to buy and sell.

Central to their social investing theme is the CopyTrader feature, which automatically allows users to mimic the trades of popular traders on the platform and communicate with them and their other followers.

Users can discuss the state of the market, strategy, specific assets, and more through public walls and posts.

This makes eToro great for beginners.

Not interested in the social aspect of investing? Check out Robinhood, one of the most popular investing apps for beginners. It has an easy-to-use interface like eToro and more options for trading stocks. Read the head-to-head comparison, eToro vs Robinhood.

eToro also offers curated Smart Portfolios, which help less experienced or more passive traders invest in healthily diversified investments without the effort of selecting them all by themselves.

If you're curious about how to start trading on eToro, take a look at this full eToro review.

For everyone else, let's move on to the question of how to make withdrawals from eToro.

How to Withdraw Funds from eToro

In this section, you'll learn everything you need to know about eToro withdrawals in terms of money. If you're interested in withdrawing cryptocurrency, you'll find your answers further down.

Making a withdrawal request on eToro is simple and can be done through the desktop site or mobile app.

Start by logging into your account. Once there:

  1. Find and click on the Withdraw Funds tab in the menu on the left-hand side of your browser
  2. Enter how much you'd like to withdraw in USD
  3. Follow the instructions provided to complete the electronic withdrawal form
  4. Click the Submit button

Is your money safe with eToro? eToro complies with industry-wide regulations and is registered with the SEC and FINRA.

Are there any restrictions? There are a few things to keep in mind when withdrawing funds from eToro:

  • Funds will be withdrawn from your available balance. You can't withdraw more than your available balance.
  • You can't withdraw funds associated with open positions (active trades). If you wish to withdraw those funds, you'll need to close your position (sell the asset in question).
  • Due to regulatory requirements, profits made on closed positions will likely be deposited via ACH transfer into your bank account. Other funds withdrawn will be deposited back where they originated.
  • The minimum withdrawal on eToro is $30.[1]
  • Your account must be verified to make a withdrawal. You'll have a green checkmark on your profile if you're verified.

How Long Does It Take to Receive Funds Withdrawn from eToro?

It usually takes eToro up to two business days to process withdrawal requests.

If you have an eToro Money account, your money would transfer instantly. Or at least by the next business day, if it needed more time to go through security protocols.

Bank transfers are generally completed within three additional business days, but they can sometimes take longer.

Withdrawals made via debit card are typically completed within four business days.

And withdrawals made via wire transfer may take as many as seven business days to complete.

When you make a deposit via online banking on eToro, a seven-day hold is placed on the funds you've deposited. During this time, you can't withdraw any funds.

Payment methodTime to receive funds after withdrawal request
eToro MoneyInstant withdrawal
Debit or credit cardUp to 10 business days
Bank transferUp to 10 business days
PayPalUp to 2 business days
SkrillUp to 2 business days
iDEALUp to 2 business days
TrustlyUp to 2 business days
NetellerUp to 2 business days
Przelewy 24Up to 2 business days

Can Withdrawal Requests Be Canceled on eToro?

It is possible, under certain circumstances, to cancel withdrawal requests on eToro. To cancel a withdrawal request:

  1. Find and click on the Withdraw Funds tab in the menu on the left-hand side of your browser
  2. Find and click on the button to view your withdrawal history
  3. Click on the Reverse button
  4. Confirm your cancellation

Your funds will be deposited back into your account, including your withdrawal fee.

Withdrawal requests already marked as "In Process" can't be canceled via this method. Instead, you'll need to contact customer support in order to cancel.

Are There Any Withdrawal Fees on eToro?

You'll be pleased to know that eToro doesn't charge any fees for withdrawing funds from the platform.[2]

It is possible that your bank may charge a fee for receiving the transfer, however.

For more, read about eToro's fees here.

How to Withdraw Cryptocurrency from eToro

The process of withdrawing cryptocurrencies from the eToro platform is a bit different from withdrawing funds, and it involves using the eToro Money crypto wallet.

First, since you can only withdraw cryptocurrencies currently supported by the wallet, you're limited to a relatively small number compared to those available for trading on the platform.

At time of writing, the cryptocurrencies you could withdraw included:[3]

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Stellar
  • Tron (U.S. only)

For now, other cryptocurrencies aren't able to be withdrawn, though we anticipate this list to grow in the future.

Want a more robust platform to trade cryptocurrencies? Binance offers +500 cryptocurrencies while eToro has much less. Check out the full head-to-head comparison, eToro vs Binance.

Suppose you're interested in withdrawing one of the listed cryptocurrencies. In that case, you'll first need to download the eToro Money cryptocurrency wallet, a separate mobile app available for iOS and Android devices.

You'll use the same login credentials as your primary eToro account when you sign in.

In the eToro Money app, look for the relevant trade under the Portfolio tab and find the Edit Trade button. This window will let you transfer cryptocurrencies to your crypto wallet.

Transferring cryptocurrencies off of the eToro trading platform only works one way, meaning you won't be able to transfer your coins back in once you complete the transaction.

If your cryptocurrencies are held as part of CopyTrader or Smart Portfolio positions, you won't be able to transfer them off the eToro trading platform.

Bottom Line

The process for withdrawing funds from eToro is quite simple and can be completed either on the desktop site or a mobile device via their app.

Withdrawals of deposited funds are deposited back into the accounts they originated from, while profits are typically sent by ACH transfer to the user's linked bank account.

When it comes to withdrawing cryptocurrency, your options are limited to a set number of coins, and you must initially transfer them to the eToro Money wallet, a separate app.

Crypto withdrawals on eToro are one-way, and you can't undo them. If the ability to withdraw cryptocurrency is a major concern for you as a trader, you may want to consider one of eToro's competitors.

References

eToro

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  2. Deposit $100
  3. Explore stocks, ETFs, and crypto
You'll automatically receive $10 directly to your account balance. eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.
Expires 12/31/2022
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Open a Webull brokerage account and get two free stocks, each valued between $3-$300

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Jeremy Harshman is a creative assistant at CreditDonkey, a crypto comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.

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