How to buy Bitcoin on eToro – a step-by-step guide

The world of cryptocurrencies has exploded in popularity in recent years, and Bitcoin (BTC) remains the king of digital currencies. With its increasing value and adoption, many individuals are looking for ways to buy and invest in Bitcoin. One such platform that offers a simple and user-friendly experience for buying Bitcoin is eToro. In this guide, we take you through the step-by-step process of buying Bitcoin on eToro, from creating an account to making your first trade.

» Buy Bitcoin on eToro

What is eToro?

eToro is a social trading and investment platform that allows users to trade various financial instruments, including cryptocurrencies such as Bitcoin. Founded in 2007, eToro has grown into a platform with over 20 million registered users in 100 countries. Its user-friendly interface, social trading features and diverse selection of assets make it an attractive option for new and experienced traders alike.

Step 1: Create an eToro account

Before you can buy Bitcoin on eToro, you need to create an account. Follow these steps to set up your eToro account:

1. Visit eToro website
2. Click the “Join Now” or “Register” button
3. Fill in the required information, including name, email and a secure password
4. Accept the terms and click “Create account”
5. Verify your email address by clicking the link sent to your inbox

After verifying your email address, you must complete your profile and comply with eToro’s Know Your Customer (KYC) requirements. This process includes uploading a valid government-issued ID and proof of address.

Step 2: Deposit money into your account

Once your account is verified, you can deposit money into your eToro account. eToro supports various payment methods, such as credit/debit cards, bank transfer, PayPal and other e-wallets. To deposit money:

1. Log in to your eToro account
2. Click on the “Deposit Funds” button at the bottom left of the screen
3. Choose your preferred payment method
4. Enter the amount you wish to deposit and follow the on-screen instructions to complete the process

Remember that there may be minimum deposit requirements depending on your region and the payment method you choose.

Step 3: Search for Bitcoin (BTC) on eToro

Now that your account is funded, you can search for Bitcoin on eToro’s platform. To do this:

1. Log in to your eToro account
2. Use the search field at the top of the screen and type “Bitcoin” or “BTC”
3. Select “Bitcoin (BTC)” from the search results

This will take you to the Bitcoin trading page, where you can see the current market price, price chart and other relevant information.

Step 4: Buy Bitcoin

With funds in your account and Bitcoin selected, you are now ready to buy Bitcoin on eToro. To execute your trade:

1. Click the “Trade” button on the Bitcoin trading page
2. In the pop-up window, enter the amount you want to invest in Bitcoin (in USD)
3. Enter your preferred order type (market or limit order)
4. Review your order details, including fees and total investment amount
5. Click “Open Trade” to execute your order

Congratulations! You have now bought Bitcoin on eToro. Your Bitcoin will be stored in your eToro wallet and you can monitor its performance from your portfolio page.

Buying Bitcoin on eToro is one simple process that offers a user-friendly experience for both beginners and experienced traders. By following the steps outlined in this guide, you can easily create an account, deposit money and buy Bitcoin. Remember to always do your due diligence and evaluate your risk tolerance before investing in assets, including cryptocurrencies such as Bitcoin.

» Buy Bitcoin on eToro