PANews reported on March 24 that according to Financefeeds, trading and investment platform eToro announced that users in the UK and Europe can now transfer crypto assets held in other exchanges, brokers or other blockchain wallets to the eToro crypto wallet, where they can convert their crypto assets into cash.
Eligible eToro users holding Bitcoin or Ethereum in external wallets or exchanges can transfer these crypto assets to their eToro crypto wallet and convert them to local currency in their GBP or EUR account. These funds can then be easily reinvested in any of the instruments available on the eToro platform, withdrawn as cash, or spent via their GBP or EUR account or eToro debit card (for UK users). This feature will be gradually rolled out to eToro Club members, starting with Diamond Club members in the UK and Europe. Conversion fees range from 0.6% to 1%.
