To transfer cryptocurrency from Coinbase to eToro in Australia, download the eToro Money app on your iOS or Android device. Log in, select your crypto asset, and initiate the transfer by choosing the relevant trade and confirming the details.
Transfers are one-way, and it’s recommended to use a Zengo wallet for added security. Be mindful of transfer fees of 0.5%, with a minimum of $1 and a maximum of $50, and possible blockchain fees from eToro.
After completing a transfer, you can convert your crypto or send it to another wallet. Remember, you cannot transfer multiple trades of one asset simultaneously or move crypto back to the trading platform once it’s in the eToro Money wallet.
Transferring your cryptocurrency from Coinbase to eToro is a simple process that can be done in a few easy steps.
In this article, we’ll provide you with a step-by-step guide to seamlessly transfer your crypto assets from Coinbase to eToro in Australia.
First Things First: Download and Install the eToro Money App
The first step in transferring your assets from Coinbase to eToro is to download and install the eToro Money app on your iOS or Android device. The eToro Money app provides a secure and convenient way to manage your crypto assets.
To download the eToro Money app, follow these simple steps:
- Open the App Store on your iOS device or the Google Play Store on your Android device.
- Search for “eToro Money” in the search bar.
- Tap on the eToro Money app when it appears in the search results.
- Click on the “Install” or “Get” button to download and install the app on your device.
- Once the installation is complete, open the eToro Money app and sign in using your eToro trading account login credentials.
Why Choose the eToro Money App?
The eToro Money app offers a user-friendly interface, making it easy for beginners and experienced traders to manage their crypto assets.
With the app, you can view your portfolio, make trades, and track your investments on the go. It also provides advanced security features to keep your assets safe.
|iOS 11.0 or later
|Android 5.0 or later
Select and Transfer Crypto Assets
Once you have logged into the eToro Money app, navigate to the Portfolio tab and select the crypto asset you wish to transfer. This will bring up a list of your open trades for that particular asset.
Take a moment to review the trades and choose the specific one you want to transfer.
When you click on the Trade, you will be taken to the Edit Trade screen. Here, you will find the option to “Transfer to Wallet.” Click on this button to initiate the transfer process. Before proceeding, it’s important to review the transfer details to ensure everything is correct.
After reviewing the transfer details, click on the “Transfer” button to finalize the process.
Once you have initiated the transfer, you will receive a notification confirming that your request has been submitted. The trade line will then show “Pending Transfer.”
Please note that you have the option to cancel the transfer request until it is complete.
|The transfer fee for transferring crypto assets from Coinbase to eToro is 0.5% of the transaction size, with a minimum fee of $1 and a maximum fee of $50.
|In addition to the transfer fee, please be aware that there may be blockchain fees charged by eToro. These fees are applied by the blockchain network and can vary depending on network congestion.
So there you have it – you now know how to transfer your cryptocurrencies from Coinbase to eTORO.
Be sure to follow the steps we showed you in this article for a secure and easy way of transfering your digital assets.
Frequently Asked Questions
Can I transfer multiple trades under one asset in a single transfer?
No, you cannot transfer multiple trades under one asset in a single transfer. You will need to repeat the process for each trade you want to transfer.
Can I move the transferred crypto back to the trading platform after it’s been transferred to eToro?
No, the transfer from Coinbase to eToro Money wallet is one-way only. Once the crypto is transferred, it cannot be moved back to the trading platform.
Are there fees associated with transferring crypto from Coinbase to eToro?
Yes, there are fees associated with transferring crypto from Coinbase to eToro. The transfer fee is 0.5% of the transaction size, with a minimum fee of $1 and a maximum fee of $50. Additionally, there may be blockchain fees charged by eToro.
What should I do after the transfer is complete?
After the transfer is complete, you can convert the crypto to another currency or send it elsewhere. It’s important to have a Zengo wallet correctly set up and ready to receive the transferred crypto assets. Zengo is a non-custodial wallet that provides advanced security features and allows you to have control over your private keys.