Update 2/12/21: Available again, still has the 50 person cap.
Update: There is a version of this offer targeted towards existing users. This doesn’t have the 50 person cap so should be worth doing depending on the fees/spread that eToro has. Anything more than 10% obviously makes it not profitable.
A lot of readers have sent this offer in, the reason we haven’t posted is because the fine print states ‘The first up to fifty (50) Invited Participants who met the Promotion Criteria’, it’s almost certain 50 people have already done this.
The Offer
- eToro is offering a bonus of $500 when you trade $5,000 in cryptocurrency
The Fine Print
- “Promotion Period” means, the period starting at 00:00 a.m. (EDT) on 16 November, 2020 (“Start
Date”), and ends at 23:59 p.m. (EDT) on 31 January, 2021 (the “End Date ”).
Our Verdict
As mentioned above, this started on November 16 and it’s only available for the 50 people. That 50 person cap has almost certainly been hit, so you’d really be doing this deal and getting nothing. I always find these types of promotions to be a bit dishonest, they should really have to tell you when the 50 person cap has been hit. I’m more posting this as a PSA and to remind myself why I haven’t already posted this deal whenever it’s sent in. You can find cryptocurrency deals you should complete by clicking here.
I think it that eToro just like WeBull cannot be churned?
Does anyone know whether any crypto bonuses offered by these exchanges and apps can be churned?
Davis I’ve had Cake DeFi, Celsius, Nexo, Hodlnaut, BlockFi, WeBull, eToro, Voyager, Abra, and OKcoin.. and closed all the accounts after getting the bonuses. Now I’m just wondering which of these is worth wasting time for? Are any of these confirmed to be churnable?
Folks , how do i report this $500 in tax return ? eToro just reported the transactions and not the bonus amount in tax document it sent to me.
I got the $250 for $5,000 in trades via email offer as an existing customer. Beware… After making $5k in trades, I emailed support to confirm that my transactions had qualified me for the bonus. They wrote back stating “we can see in our records that you did not sign up through a promotion link” even though I had obviously used the link the their email.
However, after replying with screenshots of the offer, they immediately added the promotion to my account and I got the bonus money within a day or two.
Now withdrawing $5,000 and leaving $250 bonus + a few bucks. Per the terms, this should be okay, and I can withdraw the remainder in 30 days.
I only withdrew the principle, not the bonus. Because the rules specifically state that there is a waiting period for withdrawing the bonus. No sense in challenging that. The rules say nothing about having to keep the principle.
Interesting they credited you so early. The terms say 30 business days after trade(s). Curious if it’s worth bugging support early if they aren’t tracking properly.
Hi, how do i report this $500 in tax return ? eToro just reported the transactions and not the bonus amount in tax document it sent to me.
If so, I’ll actually make the full $250 + about $38!
(Plus a cool swag back for being in the $5k Silver Club.)
AFAIK they only “charge” once, when you buy.
Awesome. It looks to be that way! Thanks
ieatdogfood!
Will the $250 offer work if you open and then immediately close out the position?
Per
Gadget - Bank Bonus Geek, the answer is yes. I would agree with Gadget that the Terms allow for what you are proposing…so long as you have an invite and live in a qualifying state
Terms said you had to complete a new trade…. which means opening a position. You are done. Provided you were invited, and reside in the right state…
Thanks!! And yes, to both. I was invited and live in a qualified state. Probably will sell since prices now.
Well aren’t you lucky ETH got pumped today? I did 10x $500 trades, cycling the same $500 in Tezos (XTZ). I put take profit orders of 10 cents. XTZ has a spread of ~1.1% but it is the easiest one to breakeven quickly since it moves that fast. It only took me a couple days to finish all my trades. Little did I know, XTZ went on an insane run this past few days. I could’ve made as much as the bonus, but the bonus was guaranteed so I decided to just do all my trades as quickly as possible.
Yes, I got super lucky that it got pumped since the market is down as a whole. I’ll take my $250 + $38 and be very happy.
XTZ is down 5.2% for the day, so there’s that to keep in mind…
Dont look at the daily movement, look at the 5 minute movement. If you buy at any low, it goes right to breakeven at each “hill” if you get what I mean.
I am expecting bitcoin to drop to at least 46,500 if not lower and bring down the whole market. I’m surprised it hasn’t done it already. I’ve already taken out what I can to take advantage of the next run. Too bad I bought doge at 32 cents last week. FML.
They don’t offer any type of stablecoins. Only volatile cryptos. The spreads are pretty nasty too. I was instantly down $50 once I purchased some btc.
When I got this promotion email, I immediately bought ADA at $2.50 last night. It went up to $2.90 today. However I sold it at $2.68 lol. I was trying to meet the requirements as fast as possible without eating fees, not hold for profits heh.
If someone bought XTZ last night, they made even more bank.
Does eToro offer a stablecoin?
Nope, only unstablecoins. They will all go up beyond your buy prices eventually at the current prices.
Deal is back for $250 with $5K trade.
William Charles 
Chuck
https://etoro-production.s3.eu-west-1.amazonaws.com/e-marketing/Marketing%20Automation/T%26C5000-250.pdf
No 50 person language either…worth doing now I’m guessing?
I’m definitely going to do it with 10x $500 trades. For some reason, it won’t let me deposit $5K at once. Screw me for throwing an Alexander Hamilton bill last week into doge at 32 cents hoping to make a quick 5% trade.
Any idea how long funds will be tied up?
I don’t see any restrictions so I’m just going to day trade as fast as possible to get the bonus as early as possible.
My P2 received this via email. I did not.
ieatdogfood
It’s targeted: Section 4.1 “The Invited Participants”
For those looking to see if you were invited, check your email. Subj: We’re offering you $250 and a lot more…
Are you going to do it? You could just buy and sell immediately and eat the fee. BTC and XTZ have the lowest fee. I think the pricing chart for XTZ is incorrectly labeled 5% but my calculations show .9%, which is the lowest with BTC.
I am considering it. Sounds great on paper… then you scroll down and see they offered $500 in Feb. Hmmm
I wasn’t targeted for that one so I jumped on this one. Prices are good right now compared to all time highs, you may have to pay more later. Yesterday was the perfect time to buy, as it may be another start of a bull run. However weekends are usually bloody so we’ll see.
Yes, long term capital gains vs. short term capital gains which for most people here would be 15% vs. 22-32%. When I trade with volatile meme stocks or crypto, it’s for fast money not investments. Ask people how pissed they are who bought Bitcoin at 50K six months ago (including me). That’s six months wasted time. Imagine I held it for ten years and it fell to the same price lol. I am never making that mistake again, I will always be profit taking otherwise I will have nothing to show for it. I get so pissed when stocks/crypto fall to my buy price.
Is this offer still valid? I see the promotion in their website
https://go.etoro.com/en/cryptobonus/500/trade5000