Easy-to-use and offering greater security
With our easy-to-use customer interface and greater security in this multi-crypto wallet, there is no need for special keys or passwords. You hold, store and convert Ethereum on the Wallet, and from there send Ethereum to the eToroX Exchange, and trade against the leading cryptocurrencies and stable coins available.
What is an Ethereum Wallet?
An Ethereum wallet is a type of crypto wallet — which enables clients to store, exchange and transfer their cryptocurrency to and from eToro. It is a software application with an Ethereum wallet address and private keys that are tied to the ownership of a certain amount of Ethereum on the blockchain. Ethereum wallets can work on both Android-based and iOS-based smartphones, and both of these are compatible with the eToro Wallet app, which you can download from both the Google Play Store and the Apple App Store.
eToro wallet options include the following:
- Multi-crypto purchase/deposit/withdraw/exchange in a safe and secure environment
- No need to save your private keys or write them somewhere (where they could easily be misplaced)
- Send, receive and check your crypto trades made in the eToro Platform from within the eToro wallet
How to buy Ethereum?
You can purchase Ethereum on the eToroX Wallet by using your Credit Card or by exchanging it against another cryptoasset, such as Litecoin, Bitcoin or Bitcoin Cash. You can also use the USDEX stablecoin to buy Ethereum. For example, if you used LTC to trade USDEX in an initial trade, and you want to buy Ethereum, you can simply exchange your USDEX for Ethereum.
Buy Ethereum Safely on a Trusted Wallet
eToro offers one of the safest Ethereum wallets available on any exchange, with several high-level security features to protect against unauthorised access. These features include cold storage, multi-signature facilities, DDoS protection, and ISO 27001/27032 standardisation protocols.
In addition, eToroX is regulated by the Gibraltar Financial Services Commission, the only government-driven regulator with a regulatory protocol specifically for cryptoassets. So, you can sleep soundly at night knowing that your cryptoassets are protected.
How to Buy Ethereum with a Credit Card
If you want to buy Ethereum as the first step to funding your eToro account, follow these step-by-step instructions:
Note: You should only buy Ethereum with your own registered credit card. Verification may be required.
- Log in to your eToro Wallet and click Buy ETH.
- Enter the amount, and select the required currency (Euro or GBP).
- You will be directed to the Simplex site (third party provider). Enter your credit card details, and billing address.
- Once Simplex has verified your details, the coins will be sent immediately to your eToro Wallet.
Ethereum Wallet FAQ
How can I create an Ethereum wallet?
First of all, you will need an Ethereum wallet to receive the Ethereum you will use to fund your account. You can download an Ethereum wallet app – a cold storage app – from any of the app stores, or you can sign up for a free Ethereum wallet from various third-party providers. You should make sure that you obtain your Ethereum wallet from a genuine provider, to keep your Ethereum wallet address and private keys safe and secure.
Is the Ethereum wallet free?
The eToro wallet is free and can be downloaded from either the Android Play Store or iOS/App Store.
How can I purchase Ethereum using the Etoro Wallet?
Go to the Ethereum Wallet, and click Buy ETH, and follow the instructions, step-by-step.
I have other cryptoassets. Can I convert them into Ethereum?
If you have any of the following: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), or Stellar (XLM), you can convert them to Ethereum.
How can I send Ethereum to my Wallet?
In the Ethereum Wallet, click “Receive,” copy the displayed address, and send the Ethereum to that address. You can also scan the address if you have a barcode scanner on your device.
What is an Ethereum wallet address?
An Ethereum wallet address is a unique 64-character hex string code combination, and this is your unique key to getting Ethereum into your Wallet. This code indicates the blockchain location of a particular amount of Ethereum tied to that address. An Ethereum wallet address operates in the same way a bank account is linked to a specific account number. You need the Ethereum wallet address whenever you want to send funds out of the wallet, or when you receive funds from another source into that wallet.
Is an Ethereum Wallet secured?
The eToro Ethereum Wallet (like the Bitcoin wallet) is one of the most secured crypto Wallets on the market, since it uses a unique multi-signature technology.
Can I buy less than one Ethereum?
Yes, you can buy less than 1 Ethereum, although there is a minimum asking price. However, you will have to buy Bitcoin first and then buy Ethereum. (Bitcoin is divided into subunits known as Satoshis, where 1 Satoshi is 0.00000001 BTC). So if you are interested in buying a fraction of Ethereum, simply enter the exact number of decimals of Ethereum you want to buy and the transaction will be processed.
The eToro wallet aims to bridge the gap between potential crypto investors and the crypto market and is part of eToro’s vision to make the market accessible to anyone, anywhere. In addition to Ethereum, the eToro wallet currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Stellar (XLM).
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods or commodities. For more information on the risks please refer to our Risk Disclaimer.