If you want to know how to transfer to a wallet from etoro then keep scrolling.
Etoro, one of the world’s most popular social investment networks, provides a plethora of options for making trading convenient, fun, and engaging. Users can transfer their Etoro cryptocurrencies to their Etoro Crypto wallet and exchange them for other currencies, or simply transfer their assets to external wallets, using one of the many available features.
If you’re new to Etoro, you’ll probably need some assistance learning the fundamentals of money transfer on the platform. Fortunately, we’re here to assist. We have you covered whether you use a mobile app or a PC to access the platform.
This article will walk you through the process of transferring cryptocurrency to a wallet on a PC, iPhone, or Android device. The rules are straightforward, so let’s get started right away.
How to Transfer Crypto to an Etoro Wallet on a PC
Users who sign up for Etoro can transfer cryptocurrency from the platform directly to their Etoro Money crypto wallet. This enables them to exchange their existing crypto assets for another currency or make a payment to an external wallet.
Simply follow the detailed instructions below to accomplish this:
- Go to this link to sign in to your Etoro account.
- Select the “Portfolio” tab from the left-hand menu. You’ll be greeted by a new interface that lists all of your cryptocurrencies as well as the open trades you have for each asset.
- Select a trade to add to your wallet by clicking on it. A new “Edit Trade” screen will be displayed.
- Under “Invested,” select “Transfer to Wallet.”
- Go over the transfer’s specifics. When you’re ready, click “Transfer” to begin the process.
- You have now started the transfer process successfully.
- Etoro will send you a confirmation email to confirm your request. On the trade line, you’ll notice a “Pending Transfer” note. While the transfer is still pending, you can cancel the request by clicking the “Cancel” button to the right of the line. Cancellations are no longer possible once the transfer has been completed.
It usually takes up to five business days for the platform to process the request. In some cases, they may request additional documents from users. Also, it may take some time to see the coins in the wallet while the request is being processed.
It should be noted that there may be additional delays in the execution of transfer requests, and that requests are not processed on national holidays or weekends.
Notice of Stop Loss and Profit
While Etoro processes the transfer request, the user’s position remains open and can be closed using risk management tools such as Take Profit or Stop Loss. Users are advised to remove or adjust their Stop Loss and Take Profit orders to ensure the request remains active.
Because the trade will be closed as part of the transfer process, its full value will be temporarily moved to the “Available” balance until the platform executes the transfer. If you attempt to use the funds before the transfer is complete, the transfer request will be automatically cancelled. When in doubt, check the “Etoro Money” crypto wallet to ensure the transfer has been completed.
When the transfer is complete, users can convert the funds to other cryptocurrencies or send them elsewhere.
- Users must meet the minimum money requirements to transfer money from their Etoro account to their Etoro Crypto wallet. Otherwise, they’ll see a note that says “Transfer not available.”
- Users who fund their accounts through US online banking must wait seven business days before initiating a transfer.
- Users who funded their accounts using debit cards must wait 60 days before initiating a transfer.
- Users can only transfer coins in one direction. Once the cryptocurrency has been sent to your external wallet, it is impossible to return it to the Etoro platform.
- The crypto-assets Smart Portfolio and CopyTrader should not be transferable in the Etoro money wallet.
Sending Crypto to a Third-Party Wallet
Users who want to transfer money from their Etoro crypto wallet to an external crypto wallet must first transfer money from their Etoro account to the Etoro crypto wallet, as described above.
To send cryptocurrency to an external wallet, you must use your mobile device and enable SMS verification services. Then, proceed as follows:
- Log in to the Etoro Money app on your iPhone or Android device.
- Select the cryptocurrency tab you want to send from the “Crypto” tab.
- Press the “Send” button. The system will prompt you to enter the desired amount as well as the address of the recipient. To automatically enter the address, tap the camera icon and scan the recipient’s QR code.
- Check all information and click “Send.”
On your device, you will receive an SMS verification phone call. Copy the code and then click “Verify.”
How to Transfer Crypto to an Etoro Wallet on an iPhone
iPhone users can transfer their Etoro cryptocurrency to the Etoro Crypto wallet. This is useful if you want to exchange the cryptocurrency for another or send it to an external wallet.
To begin, transfer your available balance to the Etoro Crypto wallet. Here’s how to go about it:
- Sign in to your Etoro Money account using the Etoro Money app.
- Go to “Portfolio” and select the cryptocurrency you want to transfer.
- From the list of available cryptos, select the specific trade you want to transfer.
- On the “Edit Trade” screen, click “Transfer to Wallet.”
Examine the information and then click “Transfer.”
It is important to note that in order to transfer money from your Etoro account to the crypto wallet, you must first meet the minimum money requirement. Otherwise, a “Transfer not available” message will appear in Step 4.
If you funded your account through US online banking, you may have to wait up to seven business days before you can initiate the transfer. Debit card users must wait up to 60 days before initiating a transfer. Finally, keep in mind that you can only transfer your Etoro assets in one direction. This means that once you’ve transferred the cryptocurrency to an external wallet, you won’t be able to send it back to your Etoro account.
It is possible that the transfer will take five or more business days to complete. Once the funds have been transferred to the wallet, you can send them to an external wallet by following the steps outlined below:
- Launch the Etoro Money app on your mobile device.
- Navigate to “Crypto” and select the cryptocurrency you want to send to an external wallet.
- Click the “Send” button. You can enter the amount and the recipient’s address manually, or you can use the small camera icon to scan the QR code of the desired recipient to automatically enter the address.
- Check the information and click “Send.”
- You will receive an SMS verification code on your phone. Copy it and then click “Verify.”
Expect the transaction to take a few days to complete.
How to Transfer Crypto to an Etoro Wallet on an Android
Android users can use their phones to transfer funds from their Etoro account to the Etoro Crypto wallet. This action enables them to convert existing cryptocurrencies or transfer them to a third-party wallet such as Binance or others.
Here’s how to send cryptocurrency from Etoro to the Etoro Crypto wallet:
- Open the Etoro Money app and sign in to your Etoro account.
- Select the cryptocurrency type you want to transfer from the “Portfolio” menu.
- On the new “Edit Trade” screen, click “Transfer to Wallet.”
- After reviewing the transaction details, click the “Transfer” button.
To be able to transfer money from Etoro to the Etoro crypto wallet, you must have a minimum amount of money. Otherwise, the “Edit Trade” screen will display a “Transfer not available” message.
The transfer from Etoro account to Etoro Wallet can take up to five business days. Once the funds have been transferred, you can send them to your external wallet by following the steps outlined below:
- Launch the Etoro Money app on your Android device.
- Select “Crypto” and the cryptocurrency to be transferred to your external wallet.
- Click the “Send” button. You can either manually enter the amount and the recipient’s address or use the camera icon to scan the QR code and automatically insert the address.
- Double-check the information on the screen before clicking “Send.”
- Wait for your phone to receive an SMS verification code. Copy the code and then click “Verify.”
The cryptocurrency is now transferred to your external wallet. The procedure may take several days to complete.
If you use online banking in the United States, you must wait up to seven business days before initiating the transfer. Also, if you use a debit card, be prepared to wait up to 60 days before initiating a transfer.
It’s also worth noting that Etoro assets can only be transferred in one direction. Once you’ve sent the cryptocurrency to your external wallet, you won’t be able to send it back to your Etoro account.
Etoro makes it simple to transfer cryptocurrency
Etoro is one of the most well-known social investment platforms for a reason. Users can manage their financial assets and transfer them to external wallets with relative ease. If you carefully followed the instructions, you should now be able to transfer funds from your Etoro account to your Etoro Wallet and then send them to an external wallet of your choice.
Which external wallet do you use to store your Etoro funds? Did you encounter any problems while transferring the cryptocurrency? Please share your thoughts in the comments section below.
How To Transfer To A Wallet From Etoro: FAQ’s
Can I withdraw eToro to wallet?
You can deposit any amount into your cryptocurrency wallet. If you are a new eToro user, your remaining equity (total equity minus the transfer amount) must be equal to or greater than the total deposits made using one or more of the payment methods listed below.
How long does eToro transfer take to wallet?
eToro may take up to five business days to process the transfer request.
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