The review is penned by Aziz Zainuddin. He has written extensively about cryptocurrency and blockchain. He is the founder of Master The Crypto and an evangelist of this nascent technology.
eToroX is a newly launched advanced crypto exchange that belongs to the world’s leading social trading firm, eToro Group. The crypto exchange was launched by eToroX as an effort to bring the world of cryptocurrency trading to everyone. What makes eToroX stand out from other cryptocurrency exchanges around the world, is the fact that the eToroX exchange is one of the very few cryptocurrency exchanges that has actively sought regulatory oversight for its operations. The exchange is, in fact, one of the first exchanges to be regulated by the Gibraltar Financial Services Commission (GFSC) as a Distributed Ledger Technology (DLT) provider.
Evaluating eToroX Exchange
The onboarding process for eToroX is relatively simple despite the fact the broker is regulated by the GFSC. Users of the exchange can access the service through two channels, namely by using an existing eToro trading account or by signing up for a new account within the exchange.
The signup itself can be done in one of two ways:
- By filling out the registration form and verifying your email address, proof of identity and physical address.
- By using your Facebook or Google account
Through the first method, since your account will be verified, there will be no restrictions or limitations faced by the account with regards to fund withdrawals. For the second method, the user will still have to go through the additional process of getting his account verified before the restriction on dealing with fiat currencies is lifted as per requirements under the “Know Your Client” (KYC) due diligence protocol.