eToro Updates Its eToro Money Crypto Wallet Services

The services provided by the eToro Money digital wallet will alter on March 26, 2023. These adjustments will have an effect on the crypto token exchange service as well as the support for specific eToro cryptocurrencies.

eToro Money Discontinues Cryptocurrency Exchange Service for Wallet Users

The cryptocurrency exchange service will be discontinued for eToro Money crypto wallet users. This implies that users of crypto assets in the Wallet will no longer be able to exchange them for other crypto assets. As a consequence, any digital asset transfer should be handled previous to the adjustments taking effect.

Furthermore, the eToro Money Crypto Wallet will no longer accept the following eToro cryptocurrencies as of March 26, 2023: AUDX, CADX, CHFX, CNYX, EURX, GBPX, GLDX, HKDX, JPYX, NZDX, PLNX, RUBX, SGDX, SLVX, TRYX, USDEX, and ZARX.

If a person has any of the above coins in their eToro Money Crypto Wallet, they can change them to one of the Wallet's approved crypto assets.

If a user does not change the tokens by March 25, 2023, at 23:59 GMT, they will be immediately refunded the USD worth of their eToro crypto tokens at the rate accessible to eToro at the time of closing. Within seven working days, the refund will be transferred straight into the user's eToro funding account. It is essential to observe that this refund is given out of kindness and is not required by law or regulation.

eToro Urges Users to Prepare Funds Ahead of Deadline for Coin Exchange

eToro suggests that buyers handle their funds in preparation to prevent any trouble. If a user has any of the above-mentioned coins in a place other than the eToro Money Crypto Wallet, they can return them to the Wallet and change them to one of the Wallet's approved crypto-assets by March 25, 2023, at 23:59 UTC.

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