eToro Crypto to OneKey Wallet Step-by-Step No-Tax Event Guide 2026

/Jan 27, 2026

Understanding the No-Tax Event in 2026

A "no-tax event" refers to moving crypto from an exchange to your personal wallet without triggering capital gains taxes. According to the IRS Virtual Currency FAQs, simply transferring digital assets to a self-custody wallet is not a taxable sale or exchange. This rule holds steady into 2026, even as frameworks like the EU's MiCA regulation refine reporting requirements (CoinDesk on MiCA updates).

User concerns around tax reporting have surged with platforms like eToro issuing Form 1099s for trades. By withdrawing to OneKey ahead of potential 2026 market upswings—driven by Bitcoin ETF expansions and Ethereum upgrades—you maintain control without immediate tax liability. Always consult a tax professional for your jurisdiction.

Prerequisites Before Withdrawing

Before starting:

Verify your eToro account is fully KYC-verified and has sufficient crypto balance (e.g., BTC, ETH, or supported altcoins).
Set up your OneKey hardware wallet. Download the app from OneKey and initialize your device for air-gapped security, supporting over 5,000 coins across multiple blockchains.
Note eToro's withdrawal minimums and network fees; for example, Ethereum withdrawals incur gas costs (eToro Crypto Withdrawal Help).
Backup your OneKey seed phrase securely—never share it.

Step-by-Step Guide: Withdraw from eToro to OneKey

Follow these precise steps to execute a seamless, no-tax transfer.

Step 1: Log In to eToro and Navigate to Portfolio

Access your eToro dashboard via web or app.
Go to Portfolio > Select the cryptocurrency you want to withdraw (ensure it's not in a leveraged position).

Step 2: Initiate Withdrawal

Click Withdraw next to the asset.
Enter the amount, leaving buffer for fees.
Select External Wallet as destination.

Step 3: Generate OneKey Receiving Address

Connect your OneKey device to the OneKey app.
Navigate to Receive for the specific coin (e.g., BTC).
Verify the address on-device and copy it. OneKey's multi-signature support adds an extra security layer here.

Step 4: Input Address and Confirm

Paste the OneKey address into eToro's withdrawal field.
Double-check the address—blockchain transactions are irreversible.
Review fees and tax notice (eToro confirms no capital gains on withdrawals).
Submit and authenticate with 2FA.

Step 5: Monitor and Verify

Track the transaction on Etherscan or Blockchain.com using the TXID provided by eToro.
Confirm receipt in your OneKey app. Expect 10-60 minutes depending on network congestion.

Best Practices and Common Pitfalls

Network Matching: Always match the blockchain (e.g., ERC-20 for USDC on Ethereum).
Fees Optimization: Withdraw during low-gas periods; tools like ETH Gas Station help.
Security First: OneKey's CC EAL5+ chip protects against physical attacks, ideal for long-term HODLing amid rising hacks on CEXs (Chainalysis 2025 Report).
Avoid pitfalls like wrong addresses or unsupported tokens—eToro lists eligible assets clearly.

FAQs

Is this truly tax-free in 2026? Yes, for most users, but track basis for future sales. See Forbes Crypto Tax Guide.
What coins are supported? eToro supports 80+; OneKey covers thousands.
How long does it take? Varies by chain; Bitcoin ~1 hour.

Secure your eToro crypto in OneKey today to capitalize on 2026's blockchain boom—its intuitive interface and robust privacy features make it the perfect no-tax event companion for savvy investors. Stay tuned for more guides on OneKey wallet best practices.