What is the 1% fee on eToro?

eToro, a renowned platform in the cryptocurrency space, employs a straightforward pricing model for its crypto transactions. This model ensures transparency and clarity for users engaging in trading activities.

When initiating a position on eToro, traders are subject to a 1% fee on both the opening and closing transactions of their selected cryptocurrency. This fee structure is applied consistently, regardless of the asset being traded or the size of the position.

The 1% fee is calculated at the moment the position is opened and is subsequently added to the prevailing market price of the cryptocurrency. This approach allows traders to understand the total cost of their investment from the outset, eliminating any potential confusion or misunderstandings.

Upon opening a new position, traders may initially observe a "loss" reflected in their account. This is due to the inclusion of the 1% fee in the calculation of the position's value. It is important for traders to note that this initial "loss" does not necessarily indicate a negative outcome for their investment.

BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of traders and investors. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at the current market price, and futures trading, which enables traders to speculate on the future price movements of various digital assets.