How To Buy Bitcoin On eToro(All You Need To Know)

Samuel Akpan March 22, 2023

0 343 4 minutes read

How To Buy Bitcoin On eToro: Undoubtedly, Bitcoin is one of today’s must-have digital currency assets. However, if you’re looking for it on traditional brokerages, you’re in luck. Fortunately, you have the opportunity to purchase Bitcoin through Etoro, one of the top online brokerage and cryptocurrency trading platforms. EnoughInfo.com

Not only will this post teach you where to acquire bitcoins, but it will also guide you through the best procedures for doing so on eToro. Why Etoro is the best place for purchasers will be explained in our straightforward, step-by-step approach.

FAQs & Answers

Can I purchase Bitcoin using eToro?

Yes, you can purchase Bitcoin on Etoro. Of all the main exchanges, Etoro makes the procedure simple and gives some of the best rates for buying Bitcoin.

How do I buy Bitcoin with eToro?

Using Etoro to purchase Bitcoin is a quick and straightforward process. Simply register and make a deposit of at least $10 to achieve this. 10 Key Management Skills And How To Improve Them

Is Etoro a sure platform to purchase crypto?

For just a 1% transaction fee, eToro allows you to purchase and sell more than 45 well-known cryptocurrencies. The platform also offers the eToro Money app, a wallet for cryptocurrencies, for simple storage.

Can I use a credit card to purchase Bitcoin and other cryptocurrencies for my Etoro wallet?

Yes, you may use a credit card to add cryptocurrencies straight to your Etoro wallet.

About eToro

The popular cryptocurrency trading platform Etoro was founded in Israel in 2007.

Users may automatically replicate the trades of more experienced traders thanks to the CopyTrading function of this platform, which is a notable bestseller. As a social trading platform, Etoro also enables users to discuss trading strategies and ideas, obtain insight into the market in real time, and learn from the errors of more seasoned traders.

The crucial issue is now: Is it possible to purchase Bitcoin on Etoro?

On eToro, you can buy Bitcoin, yes. Although there are many different kinds of digital currencies that can be traded, Bitcoin remains the most valuable and popular one. Additionally, it may be traded for any well-known cryptocurrency you can think of. You might be surprised to learn that Etoro and EtoroX allow trading in more than 40 different cryptocurrencies. Large, No? Here are some of the best crypto assets to take into account on Etoro:

Bitcoin (BTC)
Dogecoin (DOGE)
Bitcoin Cash (BCH)
Polkadot (DOT)
Cardano (ADA)
Solana (SOL)
Polygon (MATIC)
Dash (DASH)
Stellar Lumens (XLM)
Ethereum (ETH)

eToro offers zero-commission stock trading with a variety of cryptocurrencies as a respected international brokerage. When it started to support Bitcoin (BTC) in 2014, the brokerage was a pioneer in the development of cryptocurrency trading. eToro provides trading in both crypto and fiat currencies, as well as a far wider selection of virtual coins than many other brokers. How To Get Motivated At Work-The guide to professional growth

Additionally, it offers advantages such as the opportunity to diversify and trade in different instruments, fast market order execution, and others.

How to buy BTC on eToro

Now that we are in agreement that Etoro is an excellent spot to acquire bitcoin, let’s get started with the simple instructions for doing so. Etoro has unquestionably established itself as the best trading platform for traders. For those who have never purchased Bitcoin, we will now examine the fundamentals of what to do and the procedure as it has been broken down into smaller components.

1. Create an account on eToro

Create an Etoro trading account before you may purchase Bitcoin there. Visit eToro’s website and create an account first. Make your choice of username and password after entering your email address. You must input personal data, like your name, phone number, and birthdate, on the next screen.

Last but not least, eToro requests that you identify your identity in order to adhere to Know Your Customer regulations. You must upload a photo of your passport or driver’s license to the website.

2. Verify your account

Simply upload your ID and address documentation to be validated on the eToro cryptocurrency app. Within 24 hours, the eToro staff often responds.

3. Fund your account

You’re progressing. The eToro cryptocurrency app now requires a fixed deposit of $10. You can fund your account using a credit or debit card (Visa or Mastercard), Skrill, a bank transfer, or Paypal if you want to deposit at least $500.

4. Create a cryptocurrency wallet

With Etoro, users do not require a bitcoin wallet. Unlike other exchanges, you don’t need a separate cryptocurrency wallet to log in and save money with this one.

However, using a crypto wallet is highly safe. You may safely keep your Bitcoin in crypto wallets and use it to make quick, on-the-go transactions. You may use eToro Money, a cryptocurrency wallet made by eToro, on your smartphone and can download it for free. With only a press of a button, you can now link your Bitcoin eToro wallet to your account. To take a step towards realizing your investing objectives, download the app to your phone and sign in using your username and password. How To Be Less Uptight(The Ultimate Guide)

5. Look for Bitcoin

Find the search bar on Etoro’s home page to buy Bitcoin. Enter “Bitcoin” or “BTC” and click on Trade to begin a new order.

6. Buying Bitcoin

I bet you had no idea that you could use your bank account to purchase cryptocurrency on Etoro. Simply enter your desired USD spending limit and the goal price (or stop-loss) at which you wish to sell your bitcoin if it falls below that level.

Finally, when you’re prepared to purchase Bitcoin, click “Open Trade.”

eToro accepts a wide range of payment options, and there are no deposit fees when buying Bitcoin with a credit card.

Conclusion

In the cryptocurrency market, eToro boasts among the lowest costs for anyone looking to purchase cryptocurrencies. In order to use eToro, you must pay a 1% fee when purchasing Bitcoin and an additional 1% fee when selling it.

Since eToro doesn’t impose any additional fees, funding their platform is more affordable than funding other exchanges. However, when you move Bitcoin from your eToro account to your eToro Bitcoin wallet, eToro charges a $5 withdrawal fee and a $50 transaction cost. Logging into your account at least once a year might also help you avoid incurring inactivity penalties, which are $10 per month for dormant accounts.