How to Buy Bitcoin on eToro

Buy Bitcoin with eToro: A Step-by-Step Guide. Though Bitcoin is a rapidly-growing asset, traditional stock brokerages don't often offer it. Luckily, eToro, a top online broker and crypto exchange, does. This guide explains the process and highlights why eToro is the best option for buying Bitcoin today.

How to Buy Bitcoin with eToro – Quick Guide

how to buy bitcoin on etoro

Open eToro account: Visit eToro.com & click "Join Now".

Verification: Upload ID & address proof.

Deposit: $10 minimum.

Search for Bitcoin: On eToro dashboard, search for BTC or Bitcoin & click "Trade".

Buy: Enter desired amount & click "Open Trade".

How to Buy Bitcoin on eToro – Tutorial

Buying Bitcoin on eToro Simplified: A Guide for Beginners. The steps outlined above provide a basic overview of purchasing Bitcoin on eToro, a popular social trading platform for cryptocurrency traders. For a more in-depth explanation, we've broken down the process to make it easy for first-time cryptocurrency buyers.

Step 1: Sign Up for eToro

Step 1: Create eToro Account. Visit eToro's website & click "Join Now". Fill in email, username & password. Provide personal info & verify identity (ID upload required)

Step 2: Verification

Step 2: Verify eToro Account. Easy verification via app: upload ID & address proof. Verification team processes documents (usually within 24 hours).

Step 3: Deposit

eToro requires a minimum deposit of $10 when you open a new account. You can pay by credit or debit card (Visa or Mastercard), PayPal, Neteller, or Skrill. You can also pay by bank transfer if you deposit at least $500.

Step 4: Set Up a Crypto Wallet

Storing Bitcoin with eToro:

No wallet required, store coins in eToro account.

Option to use eToro's free crypto wallet: "eToro Money" (download on iOS/Android & log in with eToro account).

Step 5: Search for Bitcoin

Step 4: Find Bitcoin on eToro. Go to eToro's dashboard, use search bar, enter "BTC" or "Bitcoin", click "Trade" to open order form.

Step 6: Buy Bitcoin

Step 5: Buy Bitcoin. Enter amount in US dollars, option to set take profit/stop loss. Buy with bank account or credit card (zero deposit fees). Consider our article on best Bitcoin ETFs for 2023.

How to Sell Bitcoin on eToro

Steps to sell Bitcoin on eToro: same as buying, just click "Sell" on order form, enter amount in US dollars, and complete trade. Supports payment options incl. buying Bitcoin with PayPal on mobile.

How Much Does it Cost to Buy Bitcoin on eToro?

eToro has low fees for buying Bitcoin. You pay 1% per transaction for buying or selling Bitcoin, with no extra fee for using a credit or debit card. No deposit fees are charged. A $5 withdrawal fee and a 0.5% transaction fee (capped at $50) is charged when you transfer Bitcoin from your eToro account to your eToro wallet.

eToro Bitcoin Review

Is eToro the best platform to buy Bitcoin? Here are several reasons why it stands out:

Wide range of cryptocurrencies: Over 50 popular coins, including Ethereum, Ripple, Bitcoin Cash, Litecoin, and more. Easy swap between coins.

Low fees: Fixed 1% transaction fee for buying/selling Bitcoin and other coins, no deposit fees, no extra fees for using credit/debit card. $5 withdrawal fee and 0.5% transaction fee for sending Bitcoin from eToro account to wallet (capped at $50).

Beginner-friendly and powerful: Customizable charts, expert analysis, built-in social network, and copy trading tools.

Safe: Regulated by top-tier financial authorities, 2FA, and DDoS protection.

Best choice for copy trading: Easy to start Bitcoin trading through copy trading.

Safe option: Regulated by top-tier financial authorities and has security measures such as 2FA and DDoS protection.

How to Buy Bitcoin with eToro – Conclusion

Sign up for eToro to buy Bitcoin easily. The platform requires a $10 minimum deposit and has a 1% transaction fee. Use eToro's built-in crypto wallet to store your Bitcoin. Start your journey now by clicking the link to create an eToro account.