eToro hasn’t been the most popular platform among cryptocurrency traders for a long time. How come? Because you haven’t been trading real coins, but instead you have just been trading on the actual value of the cryptocurrencies. In addition, they have been operating with much higher fees, making it hard to be profitable on small trades, even though it has still worked fine on long trades.
I have earlier written an article about whether or not eToro is a good place for trading cryptocurrencies, but no matter what I wrote in that article, you should not forget about their new platform named eToroX.
eToroX actually is a cryptocurrency exchange in which you deal with real tokens as you buy and sell tokens like you would at any other cryptocurrency exchange. Here you can deposit coins and withdraw coins, and you can place orders, just like you would at Bittrex, Binance or the other exchanges you normally use.
It can still be seen that this is a quite new exchange as the volume is low, but there is at least some movements on the most popular trading pairs. But, what are the fees like if you decide to use eToroX?
The fees on the eToroX exchange
The fees you have to pay after trading is based on the actual volume of the exchange and your own trading. You start with Tier 1, and here you have a 0,1% maker fees and the take fees is then 0,24%.
The eToroX design
After looking at the eToroX platform and design for a couple of minutes, I have got to say that I like the dark color of it. It is easy to see, understand and use, but it also looks a bit “basic” and not at all as professional as many similar cryptocurrency exchanges. But, they have got to start somewhere, and this should be considered a good start.
Which trading assets are available at eToroX currently?
There are 17 assets available at the eToroX exchange currently. Those are:
- Chinese Yuan
- Russian Ruble
- CADXCanadian Dollar
- US Dollar
- Swiss Franc
- Pound Sterling
- New Zealand Dollar
- Japanese Yen
- Bitcoin Cash
- Australian Dollar
As you take a closer look at the trading pairs, you will also notice that eToroX isn’t just a cryptocurrency exchange. Here you can also trade with Russia Ruble against the US Dollar. You do not trade actual dollars and rubles, but instead, you trade the USDX and the RUBX token which has its value based on the actual value of the given currencies.
So, here you have the trading pairs currently available at eToroX
There are quite some interesting trading pairs, giving you trading opportunities you cannot find at other platforms. Of course, eToroX is still in need of a big volume increase, but everyone has to start somewhere, and this is at least a start.
Have you tried eToroX?
Have you tried eToroX? Did you like the platform? Are you planning on using it more in the future, or have you seen it, but after testing it, you have decided never to return again? I would love to hear your thoughts about the eToroX exchange!