eToro

eToro is an investment company that offers many of the world’s most popular digital currencies, including Bitcoin, Ethereum, XRP and Litecoin, with plans to continue adding new ones in the future. It offers a variety of ways to invest, including through online cryptocurrency trading and with predetermined market strategies through CopyPortfolios.

What sets eToro apart from some other platforms is its social trading abilities. Its proprietary system, called CopyTrader, lets users copy investment strategies from popular traders on the platform in their country to mirror their positions automatically and in real time.

Customers can copy up to 100 traders at one time with a minimum of $200 per copy. CopyTraders get paid by the platform when their investments perform well, not by the traders, so everyone has an incentive to succeed.

eToro maintains a transparent pricing model that includes no hidden fees. The company uses a pricing structure based on spreads, or the gap between the bid and the asking price of the cryptocurrency — basically, it’s how much the seller wants to make on the trade.

These spreads or fees are changing constantly, but the eToro pricing page stays up to date on all current spreads, so check the company's website for reliable information.

eToro charges other fees, including a 0.1% conversion fee. The company charges a $5 withdawal fee, and there is an eToro minimum deposit: $50 with a maximum of $10,000 per day. This applies to first-time deposits and redeposits.

eToro is a good online trading platform for individuals who prioritize the social aspect of investments. The company offers unique insights and engagement to beginners that can help boost their bottom line. Some users may rely too heavily on these insights without fully understanding what investing means and how returns work, however. For that reason, it's a good platform for beginners who understand the risks associated with investing but want a bit of guidance in the process.