Why I Stopped Using eToro Cryptocurrency Trading ( eToro Crypto Review )

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  • Опубліковано 30 вер 2024

КОМЕНТАРІ • 103

  • @Tm2go
    @Tm2go 3 роки тому +13

    Very informative. I’m one of those that didn’t realize how hard it is to get your coin out until recently. Doge for example cannot be removed even to their wallet. So I have to sell all the good positions I have, take the cash and buy in on say binance but now at the going rate. And their customer service is non existent. I subscribed, looking forward to more videos. Cheers!

    • @JasonFoong
      @JasonFoong  3 роки тому +1

      Definitely a hassle at the moment. Customer service is only good for bigger accounts which is sad. At least their copy trading feature works well. Anyways, welcome to the family! Cheers

    • @domingys8436
      @domingys8436 3 роки тому +1

      I’ve already your sub mate
      Do you know something about VikingFinance? Could you research them Please?

    • @JasonFoong
      @JasonFoong  3 роки тому +1

      Thanks for the sub. If it was VikingSwap then better stay away since developers have left. I can't really find any information on VikingFinance except for someone spamming the links on Reddit but I usually stay away from newer altcoins since it's more of a gamble than an investment.

    • @santiagoduran3716
      @santiagoduran3716 3 роки тому

      wonderful, friend
      Could ya tell my position about the NEWINU token? That’s a cool token. Saw smb was discussing it on Twitter.

    • @sportingfemalelegends
      @sportingfemalelegends Рік тому

      That's exactly my issue also. Perhaps I'll have to do similar. I'm wondering if their is some reason or risk using Binance from th UK as it isn't regulated. Any insight?

  • @elizabethlaura6811
    @elizabethlaura6811 2 роки тому +4

    Nice video!! Very engaging from the beginning to the End., I'm new to crypto trade and I have been making huge losses but recently i see a lot of people earning from it. Can someone please tell me what I'm doing wrong

    • @jerryjohn6525
      @jerryjohn6525 2 роки тому

      All you need is a professional trader to avoid making losses

    • @mercy1249
      @mercy1249 2 роки тому

      That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.

    • @janeuso5521
      @janeuso5521 2 роки тому

      Because my portfolio has been going down the drain while I try trading, I just don't know what I do wrong!

  • @all999n
    @all999n 3 роки тому +16

    I was about to trade using Etoro before watching this video. Think I'll switch to Binance. Thanks.

  • @sportingfemalelegends
    @sportingfemalelegends Рік тому

    Thanks man, great info and insights. Their customer service are clueless to help. Do you know if there is a way to transfer coins to an external wallet..that aren't on their emoney (etoro) wallet accepting list? Their 'wallet' which seems to be a necessary vehicle out for the coins, from their perspective?

  • @captainlas
    @captainlas 2 роки тому +3

    I should have seen your Video before I stepped into the EToro Trap. Thank you

  • @laszlovarga_
    @laszlovarga_ 2 роки тому

    you must be living or were raised in the great declining USA if you ever say something like "3 countries: europe, uk, australia" 👍

  • @kram9850
    @kram9850 9 місяців тому

    it gets worse they undervalue current crypto assets by 3% compared to everyone in the market, so if you want to lose 3% of every position then yeah choose etoro, i made the switch within a month of opening a etoro account, its for retail idiots who dont know any better, just a masive scam if you ask me, imagine opening a 100k position and etoro hidden fee is 3k, becuase youll never close a position for what its actualy worth becuase etoro choose the prices even if bitcoin is at 43k etoro advertise it at 41.5k and you probably think ooh this must mean i get to buy at a lower price hahaah their spread is nearly double to any compettitor, its essentialy a buy high sell low scam

  • @ashleymorris6636
    @ashleymorris6636 11 місяців тому

    I thought you do actually but the underlying asset. Maybe its changed since this video

  • @ShandaFoster
    @ShandaFoster Рік тому +1

    This video is so good and you rock!!! Thanks for the great tips!
    Also, I love the location changes and motion!

  • @Fyfo7
    @Fyfo7 Рік тому

    Yeah, I'm selling it all it's good ridden etoro usa

  • @urantia2a
    @urantia2a 2 роки тому +1

    super, intelligent and clear.....thank you

  • @kimmy7777
    @kimmy7777 2 роки тому +1

    Really helpful video, although I alr invest more than 1k> ada coin in etoro. Gonna change to another platform soon. Thanks

  • @MrAmptapable
    @MrAmptapable 3 роки тому +2

    Hi, I would like to ask regarding crypto in etoro. My question is, I invested on xrp unfortunatley it goes down and became -50%, what will happen if became -100% it does mean that I will lost my money I invested?

    • @JasonFoong
      @JasonFoong  3 роки тому +1

      Hi Jjampong TV! If you didn't buy with leverage, the position should still be open even when prices drop to 0. Some people continue hodling it until the market recovers. It only becomes a loss only when you close the position. It might be a different story if you bought on leverage. Hope this answers your question.

  • @just1live
    @just1live 3 роки тому +2

    Jason... quick question where you'll put money for 3 to 5 years without touching it? just for sake of growing.

    • @JasonFoong
      @JasonFoong  3 роки тому

      All of my investments are meant to be placed that long. For lower risk setups that I don't lose sleep over, I love REITS the most. Followed by blue chip dividend stocks and ETFs of major economies. It depends on your risk tolerance. Can take a look at this video - ua-cam.com/video/QYM1mbQ4nCY/v-deo.html

  • @Letssendit
    @Letssendit 2 місяці тому

    Very nice 👍

  • @johnvillahermosa4736
    @johnvillahermosa4736 3 роки тому +1

    Hi! I have a question.. if etoro goes bust, how much does they return to their clients like in Philippines or South east asia.. i saw in their insurance thay they only cover europe and australia... Are we covered also in South east asia?

  • @madworkzer
    @madworkzer 2 роки тому

    If anyone wishes to buy BTC on etorro, watch this video first. I just learned the hard way what "not owning actual" coin means. Scumbags ripped me of by closing my positions I was transferring to my HW wallet. I should have known better.
    Quick example(how etorro and some others work): Lets say you bought BTC at 30k USD and you want to transfer to HW wallet now. Guess what - etorro closes your positions that are due to transfer on the market price (which happens to be somewhat 19K by the time of this comment) Result? Nice hefty loss on your account...Be careful people

  • @josephjardeliza8166
    @josephjardeliza8166 2 роки тому

    Blessed Morning,what is the best company that you suggest sir..thank u😊

  • @franklinarp
    @franklinarp 8 місяців тому

    Gosh, I wanted to smash the like button. Awesome video and excellent content. Thank you very much. So sad, I just wanted to transfer whatever crypto coin I have on eToro to my Coinbase wallet. But no chance as most of my coins, I don’t even own it as it’s all CFD’s and some coins their wallet are not even compatible to receive. Anyway. Let’s close some positions and buy again elsewhere :/

  • @jktrkng683
    @jktrkng683 2 роки тому

    I hate Etoro.
    I own a small amount of Cardano. How can I move it to a hard wallet? Please help?

  • @TheJadderboy
    @TheJadderboy 2 роки тому +1

    eToro is terrible. It allows deposits from my debitcard but cant withdraw into it, cant add any additional withdrawal options either. It is a one way trap. I have been in contact with the customer service for a week without any solution.

    • @JasonFoong
      @JasonFoong  2 роки тому

      Yeah. The only thing i don't like is probably the slow customer service

  • @juandelacruz5247
    @juandelacruz5247 2 роки тому +1

    Very nice. Thank you!

  • @stephenc7428
    @stephenc7428 3 роки тому

    This firm, even though it is Irish which I am is a pile of crap, wake up and stop believing comments on back handed bloggers throughout the internet with eToro and all the other big players pay to shut down platforms like Binance. No Commission rubbish talk, IT IS TAKEN IN THE SPREAD, trade on the actual market using a ladder or DOM, the price you offer and sell is the market, not some rubbish offered on these platforms.

  • @dani-bp8pp
    @dani-bp8pp 2 роки тому +1

    Big like 👍

  • @celtickshatriya4306
    @celtickshatriya4306 2 роки тому

    If u withdraw from etoro and don't have etoro money app should the withdrawal go straight into my bank account. ?any help appreciate.

  • @cld3164
    @cld3164 2 роки тому

    If you are in the UK and with the money card, no hassle at all. Trade Monday, gain profit by Friday without hassle😁, pays the bill!

  • @wolfsmaid6815
    @wolfsmaid6815 3 роки тому +2

    thank you very much for this input. as a stupid blonde girl, it was really helpful to have someone with brains have a look into it. ;)

  • @kawngkawng7124
    @kawngkawng7124 2 роки тому

    Thank you for sharing your experience but I think I can transfer crypto from etoro trading platform to etoro wallet in Australia .That mean I can buy crypto as behalf me.I think we dont need to think about bankrupt.My goal is to buy crypto from etoro with paypal and to transfer to external wallet.
    .Can you please explain me what is the bad thing about it.I dont really understand

  • @thebritishperspective7674
    @thebritishperspective7674 2 роки тому

    nicely delivered information

  • @kimroth7868
    @kimroth7868 2 роки тому

    what platfrom would you recommend for a new trader of shiba inu in USA? I set up an account with etoro and then came across your video!

  • @doubledge4148
    @doubledge4148 2 роки тому

    I've heard people talking about Mrs Rosie and Expert Doris, I'm new to investing in crypto. I would like some professional help. How do you get in touch with them. Do they have websites with their contact info. Heidi G

  • @marlon2445
    @marlon2445 2 роки тому

    what platform you are using?

  • @sebastjankocnik3517
    @sebastjankocnik3517 Рік тому

    Cool video, I have a question. I withdrawal on my bank acc. 138$ (123€) and I only got 24€ on my bank...why?

    • @JasonFoong
      @JasonFoong  Рік тому

      Better check with their customer service on this

  • @jaychow5220
    @jaychow5220 2 роки тому

    I think if you earn lots of money and withdrawal then tell us

  • @shivaadhikari8930
    @shivaadhikari8930 2 роки тому

    I don't what's wrong with on etoro.
    They have wallet .
    It takes 5 days.
    Bruh everything is upgrade.
    Now how is your portfolio.
    I hope you are on safe hand (binance)

    • @JasonFoong
      @JasonFoong  2 роки тому

      Yeah, in safe hands. Didn't want to use their crypto wallet

  • @EVOASSHOLE
    @EVOASSHOLE 3 роки тому +1

    See the limit for crypto cfd in aus??? Its sad

    • @JasonFoong
      @JasonFoong  3 роки тому

      Ikr. Regulations has become too tight

  • @babibrain
    @babibrain Рік тому

    thanks for info. Will cancell all the cryto in etoro

  • @marioniccoleortega1959
    @marioniccoleortega1959 3 роки тому +2

    Very infornative! Keep up the good work!

    • @JasonFoong
      @JasonFoong  3 роки тому

      Thank you ! Thanks for watching 😊😊

  • @sternum16
    @sternum16 3 роки тому +1

    Great review, Jason...

  • @mainstechdia4154
    @mainstechdia4154 2 роки тому

    Ur explaination is so helpful..thank you

  • @keylifeproductions997
    @keylifeproductions997 2 роки тому

    I have a Android phone Stylo 6 can I steak cryptocurrency on my phone from etoro ?

  • @akhbarata9aod24
    @akhbarata9aod24 2 роки тому

    Keep it up bro u just got sub, 🇲🇦

  • @rog1046
    @rog1046 3 роки тому

    mine has US, USA written on it under profile

  • @VJKBorahae
    @VJKBorahae 3 роки тому

    CFDs are not stakeable 😡good video

  • @jktrkng683
    @jktrkng683 2 роки тому

    Ps. My account states etoro 🇺🇸

  • @TheTeacherInvestor
    @TheTeacherInvestor 3 роки тому

    Nice. Very informative. Thank you.

  • @sosamix6108
    @sosamix6108 3 роки тому +1

    Thanks, awesome content I really appreciate it.

    • @JasonFoong
      @JasonFoong  3 роки тому

      Glad you liked it! Thanks for watching! 😊

  • @kristael143
    @kristael143 3 роки тому +1

    informative!

    • @JasonFoong
      @JasonFoong  3 роки тому

      Thanks for watching! Appreciate it!

  • @burlazum
    @burlazum 3 роки тому

    All cool. Esecially with gold grills xD

  • @jktrkng683
    @jktrkng683 2 роки тому

    Help! Does anyone know why Etoro continues monthly purchases in my behalf? I never authorized that. Small quantities, but nonetheless not authorized by me.

    • @Divinefavour01
      @Divinefavour01 2 роки тому

      Have you found out why? Because I am seeing the same thing on my account.

  • @yozy4996
    @yozy4996 2 роки тому

    excellent tutorial...Thank you

  • @candyblow
    @candyblow 2 роки тому

    Jason, what other platforms do you suggest to get high yield rewards? I thought 85% was very good already... haha

    • @JasonFoong
      @JasonFoong  2 роки тому

      Probably something like AXS staking which gives 110%+ currently.

  • @James-zx2ok
    @James-zx2ok 3 роки тому

    does binance give a private key (allow external wallets)

    • @JasonFoong
      @JasonFoong  3 роки тому

      I don't think so. So far it's only their exchange wallet. If you want a private key, can transfer your cryptos to a external wallet like Metamask.

  • @mauriceorayii2964
    @mauriceorayii2964 3 роки тому

    Good luck getting your money back when you go to make a withdrawal.

    • @73Renrag
      @73Renrag 3 роки тому

      yeah, its total BS

  • @goldytango
    @goldytango 2 роки тому

    Thank you so much! I recently stopped trade on my one crypto coin and can't find it anywhere on my wallet, although the value reflected in my wallet. I was wondering where it went as I wanted to transfer it to another wallet. This explains it all. So does this mean i have to wait for 5 days for it to appear on my wallet?

  • @lancehess2457
    @lancehess2457 3 роки тому +1

    Could you do the same type video about uphold?

    • @JasonFoong
      @JasonFoong  3 роки тому

      Will give it a look. Are you using it for Brave Browser?

    • @lancehess2457
      @lancehess2457 3 роки тому

      @@JasonFoong no uphold is getting sketchy lately for a lot of us. Not sure if I trust their platform anymore

  • @modupeolukanni2027
    @modupeolukanni2027 2 роки тому

    So what do you personally trade on eToro?

    • @JasonFoong
      @JasonFoong  2 роки тому

      Just copy trading only for now

  • @tuturura
    @tuturura 3 роки тому +1

    thank you so much for your videos, you are the only one giving some substancial info about etoro and crypto. I would like to contact you because a couple months ago I bought ada con etoro (not knowing it was a mistake) and now I don't know how to move it or withdraw it, is there any video about this or can you explain please? also how to withdraw of move the profits (P/L), thank you so much in advance! please excuse my vague vocabulary, i'm still a newbie of some sort

    • @JasonFoong
      @JasonFoong  3 роки тому +1

      Thanks for watching ! Have you tried contacting their support for help? You can reach me at kirajx@gmail.com 😇

    • @user-fg9mp5mt5x
      @user-fg9mp5mt5x 2 роки тому +1

      You CANNOT withdraw ADA from eToro. The reason is simple: eToro is making a huge profit on staking the coin themselves. They take 25% of the staking rewards for 99% of crypto investors. (realistically, most people will be bronze members on eToro). But even if you have enough cash on eToro to be silver, they still take 15% of the staking rewards.
      This is why eToro will likely never support ADA withdrawals.
      Not financial advice, but here is what I would do:
      Close all ADA positions, buy a crypto that eToro supports for withdrawal (for example BTC or XRP) then withdraw that coin.
      Note that this may or may not create a taxable event, depending on your country. Good luck.