– eToroX fee 1%
– Simplex fee 4%
* Limits are in USD. The limits above are shown in GBP and EUR for convenience.
USD limits are:
Minimum transaction – $125
Maximum transaction – $10,000
Maximum daily limit – $20,000
Maximum monthly limit – $50,000
Crypto rate – actual market rate is determined by eToroX once the transaction is approved by Simplex. While the payment is pending you may cancel it. To do so please open a ticket directly on Simplex website or use the Live Chat feature on the bottom right side of the Simplex.com website. Once the payment has been approved you may not cancel it.
Blockchain fees – blockchain fees apply for each crypto transaction and are deducted from the crypto purchased as well as the fees above.
Additional fees – for fees that your bank or card issuer may charge, please contact them directly (issuer may charge a variety of cash advance or foreign transaction fees for your card transaction, subject to the terms of your card agreement). The Merchant Category Code (MCC) is 6051.
Please note – your transaction will reflect on your credit card or banking statement as eToroX LTD. Credit card descriptor will be Simplex_eToroX. It will also show on your confirmation email (sent by Simplex).
For more information click here
The Coin Purchase service is provided to eToro AUS Capital Pty Ltd. (eToro Australia) customers and is executed by eToroX, a regulated DLT provider licensed by the Gibraltar Financial Services Commission.
How does it work?
1. The customer requests to withdraw an eligible CFD position from his account at the eToro trading platform, to the eToro Wallet (“Withdraw to Wallet”).
2. The USD value of the position is then sent to eToroX.
3. eToroX will then purchase the crypto asset in the amount specified in the withdrawal request, and credit the customer’s eToro Wallet with that amount, minus fees.
For a list of the fees and minimum withdrawal amounts, see here.
eToroX charges no fees for sending or receiving transactions.
Blockchain fees are applicable for sending and receiving.
eToroX charges a conversion fee of 0.1%.
Conversion rates are set according to eToro market rates.
Transactions for all supported cryptoassets have a permitted maximum of $50,000 per transaction, and an overall daily maximum limit of $200,000.
XRP wallet creation costs are 45 XRP.
Fees are waived for first 25,000 customers to open XRP wallet until December 31, 2019 (Terms)
XRP wallet opening costs XRPs. The fees are comprised of 20XRP base reserve and 25 XRP required to manage a multi-sig XRP wallet (Update:the multi-sig XRP reserve was updated to 5 XRP). This reserve must be held as a minimum reserve in the address and cannot be sent to other addresses.
Stellar blockchain requires a minimum non-spendable deposit of 2.5 XLM for the activation of a XLM wallet. Once deposited the wallet is activated and you can see the wallet on the Stellar blockchain.
Max per transaction - $50K \\ Max per day - $200K
Hong Kong Dollar
New Zealand Dollar
United States Dollar
South African Rand
Basic Attention Token
Colu Local Network
International Crypto X
Mass Vehicle Ledger
Machine Xchange Coin
Orbs Hybrid Blockhain
Quoine Liquid Platform
Quantum Resistant Ledger
Raiden Network Token
Worldwide Asset eXchange
In order to enhance your assets security, eToro wallet is a multi-signature wallet, using smart contracts for Ethereum. Unfortunately, not all wallet providers and exchanges support sending and receiving via smart contracts. Please make sure you know the address provider on the receiving side supports ETH transactions sent from multi-signature addresses. If there are issues encountered the receiving party’s provider needs to be contacted.
A Highly Competitive Fee Package
eToroX offers an extremely attractive fee package - ultra-low fees, with a default of 5 bps for all client grades regardless of volume, as well as an innovative inverted maker-taker (“taker-maker”) fee model.
Inverted Maker-Taker Model (“Taker-Maker”)
eToroX has adopted the inverted maker-taker (“taker-maker”) model for its fees, rather than the “maker-taker” fee model. This fee structure has turned the traditional model on its head, and has been embraced by some of the world’s leading platforms and exchanges.
How Does It Work?
Rather than rewarding the maker and charging the taker, the inverted “taker-maker” model flips the traditional pricing structure; the takers who execute trades against the orderbook are paid a rebate or charged a lower fee for removing liquidity from the market.
There are no fees for deposits on eToroX.
Note: For all currencies, there is a quick withdrawal limit of 10K USD per 24 hours. Transactions higher than this amount will be screened, with approval within a timeframe of up to 24 hours on weekdays, and up to 72 hours over weekends.