Etoro Discontinues Crypto Custody Service in Germany

A Worldwide Renowned Forex Broker, eToro informs its German consumers that eToro wallet services will be discontinued on January 14, 2024.

This means that as of this date:

• Clients will no longer have access to their eToro wallet.

• They will no longer be able to transfer crypto assets from their eToro account to the eToro wallet or to anywhere else.

• Any crypto assets remaining in their wallet will be migrated to Tangany, along with their other crypto holdings, and visible thereafter in their eToro portfolio and will be available for ‘close only’.

• If you wish to transfer your crypto assets to a different custodian, you may do so. As Tangany will be your custodian your transfer request must be submitted directly through them at the following email address: withdrawal@tangany.com.

eToro stated that the transfer to Tangany provides secure and compliant custody services for crypto assets. There are no fees charged for custody by Tangany or for the migration. However, fees will apply for the usual trading activities on eToro and for withdrawals from Tanganys custody.

About eToro

eToro is a multi-asset social trading platform that has gained widespread popularity among investors, traders, and social media enthusiasts since its inception in 2007. It offers users access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, indices, and commodities, among others. The platform provides a user-friendly interface that caters to both novice and experienced traders alike, making it one of the most popular trading platforms on the market.

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