eToro adds Tron coin transfer feature
Online broker eToro has made an announcement that would be interesting to crypto traders, as a Tron coin transfer feature is now available. This means that now, eligible users will be able to transfer their Tron ($TRX) from the eToro investment platform to their eToro Money wallet.
The broker notes that the Tron wallet will only be available when initiating a coin transfer on the investment platform and not directly via the eToro Money app.
When you transfer your $TRX, you create a Tron (TRX) wallet within the eToro Money app, which you can use to send, receive or hold your $TRX. At this time, converting TRX to other cryptoassets is not supported. Only BUY (long) positions that are backed by real crypto (not CFDs) can be transferred to the eToro Money wallet. The minimum amount of $TRX you can transfer from the investment platform is 120 units.
If you successfully transfer your $TRX from the investment platform, you will no longer be eligible to receive staking distribution rewards.
It can take up to five business days for eToro to process the transfer request. eToro may ask you for further documents in some cases. From the moment that the request is processed, it can also take additional time for the cryptoassets to appear in the wallet. Furthermore, please note that there may be further delays in the execution of transfer requests.
It is not possible to partially transfer coins/a position. A position may be transferred in its entirety or not at all.
The fee for opening a $TRX wallet is 100 TRX. Each $TRX transaction costs a blockchain fee of 1 TRX, such as transfers from the eToro investment platform to the eToro Money wallet. The transfer fee to a new (not previously activated) wallet is 2.1 TRX.