Stellar Cryptocurrency Trading At eToro

eToro Stellar Cryptocurrency Trading
Stellar (XLM) At eToro
Online BrokerMinimum DepositStellarCopy TradingWallet
Minimum Deposit
Stellar (XLM) is available along with a range of other real Cryptos
Social and Copy Trading Cryptos is available on eToro's user friendly CopyTrader platform
Copy Trading
eToro offers its eToro Money crypto wallet, which lets the trader exchange Cryptos

eToro offers Stellar Cryptocurrency Trading

eToro, which has a range of social and copy trading tools on a user friendly trading platform, offers the Cryptocurrency Stellar (XLM).

Is Stellar offered as a CFD ?

Although eToro offers a range of CFDs to trade (over 2000), Stellar is not a CFD, when bought, at eToro FCA or CySEC regulated. That is, when the trader buys Stellar, they own it. When they sell it, it is sold as a CFD (subject to regulations). Thus the trader gets to own the physical cryptocurrency when buying, and can sell it as a CFD. At eToro ASIC regulated, Stellar is available as a CFD whether the trader goes long or short.

Does the trader need a Wallet ?

The trader does not need a wallet, as eToro stores it for them. However eToro offers its eToro Money crypto wallet, where the trader can exchange Cryptos (and move Cryptos off the platform the the wallet).

What is Stellar ?

Stellar is a platform (with the value token Lumen - XLM) which aims to provide the capacity to move money quickly (for example, to make payments). It does this be using what is termed a consensus algorithm, rather than mining, so transactions can be rapidly confirmed. It also allows the supply of Lumens to increase each year. As a platform, it allows developers to build applications on top of the Stellar protocol.

What is eToro's minimum deposit ?

eToro's minimum deposit is $50. eToro.

So Stellar is not a cryptocurrency ?

Stellar is a platform for making payments, built on the blockchain. Like other such platform, it uses its own currency, the cryptographically secured value token called Lumen with the symbol XLM. This tokenisation is a feature of Blockchain 2.0, where the cryptocurrency becomes a means of exchange for a wider purpose or function for the blockchain implementation or platform. However the platform itself cannot be traded, so what is traded is the cryptocurrency asset used on the platform (in this case Lumens). These can be traded on exchanges. But they can also be traded and bought at eToro.

What tools does eToro provide to help the trader ?

eToro's CopyTrader platform has a range of tools to add social information to inform the trader. This includes a social news feed, where other traders give their views on a particular market. However eToro also supports copy trading, where the trades of other traders are copied into their account. It's up to the client how much they wish to avail of these tools. For example they can trade in an entirely discretionary manner, using charting analysis and other tools however the information from the network of other eToro traders is available.

What other markets does eToro offer in addition to Cryptocurrencies ?

eToro has a range available of CFDs covering Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks and ETFs, with 2000+ available to trade.

What other Cryptocurrencies does eToro offer ?

eToro offers (subject to change) eToro offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, BNB, Solana, Ripple, LUNA, Cardano, Dogecoin, Avalanche, Polkadot, Shiba, Polygon, Cronos, TRON, Cosmos, Chainlink, Uniswap, ApeCoin, Stellar, Algorand, Ethereum Classic, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Tezos, Axie Infinity, AAVE, EOS, Zcash, IOTA, The Graph, Maker, NEO, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Dash, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix,, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.