How to Withdraw Crypto From eToro

Whether you made a decent profit or just don’t feel comfortable keeping your Bitcoin and other digital assets on eToro, there comes a time when you just want to withdraw your assets to a more secure wallet. To do so, you’ll need a reliable crypto wallet to store your digital assets before eventually selling them for fiat currencies. In this how-to withdraw Bitcoin from eToro guide, we will guide you through the process of withdrawing Bitcoin and other digital assets from your eToro account to your Zengo wallet so that you won’t make any mistakes and have complete control over your private keys.

How to Withdraw Crypto From eToro to Zengo - Step-by-Step Guide

Before you can withdraw Bitcoin or other digital assets from your eToro account, you have to make sure you have your Zengo wallet correctly set up and ready to go. Zengo is a next-generation non-custodial crypto wallet that uses state-of-the-art MPC technology to make sure your digital assets are safe and secure. Zengo is more secure than hardware wallets and safer than centralized cryptocurrency exchanges because of its built-in Web3 firewall, no private key vulnerability, and guaranteed account recovery system thanks to biometric facial recognition software.

When you’ve set up your Zengo crypto wallet app correctly and have finalized the onboarding process, follow these steps to withdraw your assets from eToro to Zengo:

Log in to your eToro account and click on the ‘Portfolio’ tab.
Click on the crypto you would like to transfer.
You will now see all your open trades for that digital asset. Click or tap on the trade that you want to transfer.
Within the ‘Edit Trade’ pop-up, click on ‘Transfer to Wallet.’
Double-check the transfer details and click or tap ‘Transfer.’
The digital assets will now move from the eToro trading platform to your eToro Money account. Open the eToro Money app and sign in.
Under the ‘Crypto’ tab, tap the cryptocurrency you want to withdraw.
Tap ‘Send’ and enter the destination address, double-check, and tap ‘Send’ again. Your Zengo wallet address can be viewed by tapping the asset you wish to transfer in the Zengo app.
You will now receive an SMS with a verification code. Enter the code you receive and tap ‘Verify’.
Your Bitcoin or other digital asset withdrawal is now in process, and you can check the relevant blockchain explorer what the current status of the transaction is.

How to Check That The Funds Arrived in Your Zengo App?

You can double-check whether your Bitcoin or other digital assets have arrived in your Zengo wallet app by opening the app and checking the main balance page. In case you want a more detailed overview of your latest transactions, simply tap the ‘History’ button.

Keep Your Crypto Safe and Secure With Zengo

Zengo is a must-have crypto wallet for those seeking a secure non-custodial wallet on which to store cryptocurrencies and NFTs as well as access DeFi trading and staking platforms.

The Next Generation of Crypto Wallet Security

Zengo is one of the safest and most secure crypto wallets available to retail users today. The wallet app utilizes state-of-the-art MPC technology, three-factor authentication with biometric login and transaction confirmation for an extra layer of security. With Zengo, you don’t need to remember any difficult seed phrases as your face is used to generate a truly unique and secure seed to access your digital assets!

Not Your Keys, Not Your Coins & Fiat Onramp

With Zengo’s non-custodial wallet, you are in complete control of your own private keys without having to worry about security or losing access to your funds. Furthermore, our fiat on-ramp service allows you to easily diversify and grow your crypto portfolio by purchasing your crypto of choice with fiat currency. Aside from that, you can also take part in our savings program.

24/7 Real Human Customer Support

If you ever need any assistance with your Zengo wallet, you can contact our real human customer support staff at any time, even on weekends and holidays. Alternatively, you can check out our Help page to see if your question has already been answered.

How to Withdraw From Zengo’s Wallet

With Zengo, you can easily send crypto to other wallets or ‘’cash out’’ to fiat whenever you want. To send crypto to other wallets, tap on the ‘’Actions’’ button located in the main menu followed by ‘’Send’’. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction.

Rather cash out your crypto earnings to fiat? No problem! Simply tap on the ‘’Actions’’ button, and then on the ‘’Sell’’ button. As of writing this guide, you can sell your digital assets for Euros, British Pounds, and/or United States Dollars.

Note that you have to connect your bank account to your Zengo wallet prior to requesting a fiat withdrawal and that it may take a few days for your funds to arrive.

FAQs: Additional Information on How to Withdraw Bitcoin and Other Crypto Assets From eToro

What is eToro?

eToro is a social trading and multi-asset investment platform that allows users to buy, trade, and stake over 2,000 different cryptocurrencies, stocks, forex pairs, commodities, and other financial instruments. It was founded in 2007 and has 1,700 employees across the globe. eToro also offers an app called eToro Money App, which allows users to buy, send, and receive cryptocurrencies.

eToro Vs. Zengo Comparison: What Are The Main Differences?

The main difference between eToro and Zengo is that eToro is merely a broker providing custodial cryptocurrency wallet services, meaning that it holds the private keys which grant access to your crypto. With Zengo’s non-custodial wallet app, you’re in total control of your own private keys and thus Bitcoin and other digital assets. Another key difference is that eToro focuses mainly on stocks and provides centralized cryptocurrency exchange services apart from that, while ZenGO mainly focuses on digital assets, Web3, and Metaverse.

eToro Withdrawal Fees Explained

eToro charges a flat fee of $5 on each withdrawal, both crypto and fiat, apart from the regular miner fees. In the event of withdrawals in a currency other than USD, conversion fees will apply.

eToro Withdrawal Limits Explained

Although eToro has a minimum withdrawal limit of $30 in place, there are no maximum withdrawal limits as of writing this How to Withdraw Bitcoin From eToro guide.

How Long Does It Take to Withdraw From eToro?

Depending on the withdrawal method chosen, it can take up to 10 business days for funds to appear in your account statement. Fiat withdrawals withdrawn with the eToro Money app should be processed in less than 30 minutes.

Problems That Can Occur Regarding Bitcoin and Cryptocurrency Withdrawals From eToro

There are quite some problems that can arise when withdrawing Bitcoin or other digital assets from eToro. For instance, it can be the case that eToro blocks your withdrawal request because your account hasn’t been fully verified yet. Other things that can go wrong are that you fill in the wrong destination address or that you accidentally enter the wrong blockchain network. Whenever either of these two things happens, your funds are lost forever, as cryptocurrency transactions are irreversible.

How to Withdraw Crypto to Fiat on eToro?

You can withdraw crypto to fiat on eToro by tapping on ‘Withdraw Funds’, followed by ‘How much money would you like to withdraw?’, and then entering the amount to withdraw. Then click ‘Continue’, select the currency, and then ‘Submit’ to finalize the withdrawal. In short, it boils down to moving the funds from the regular eToro trading platform to the eToro Money app and then initiating a crypto-to-fiat sale, followed by a withdrawal from there.

How to Withdraw Crypto From eToro