How to buy Bitcoin on eToro ?

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Bitcoin has become one of the most widely traded cryptocurrencies. If you’re a newcomer to cryptocurrency investing or interested in diversifying your crypto portfolio, eToro is an ideal platform to start with. We provide an in-depth guide on how to buy Bitcoin on eToro, emphasizing its numerous advantages.

Key Benefits of Purchasing Bitcoin through eToro

eToro offers several benefits that make it an appealing option for investors:

  • It combines the functionalities of a crypto exchange and an online brokerage service.
  • The security features include 2FA verification, cold storage, FDIC-insured USD balances, multi-signature facilities, private keys, and KYC procedures.
  • eToro adheres to strict regulations from different authorities like FCA, ASIC, CySec, GFSC, FinCEN, and FINRA.
  • Eye-catching charts, analysis tools, and real-time insights into the latest crypto market news can be found on the eToro site.
  • Social trading options and user-friendly interface makes eToro suitable for novice investors eager to kick-start their investment journey.

Investing in Bitcoin on eToro: Step-by-Step Process

The following steps will guide you through buying Bitcoin on eToro:

Step 1: Account Creation on eToro Platform

Visit eToro’s official website and follow the instructions for account registration. You’ll need an email address, a unique username, and a strong password to get started. After providing the necessary details, you will receive an account activation email.

eToro create account

Step 2: Account Verification and Profile Set-Up

To ensure security, eToro requires users to verify their accounts and complete the multi-step profile setup process. Once finished, select the financial instruments you want to trade, including cryptocurrencies like Bitcoin.

Step 3: Fund Your eToro Account

eToro allows you to choose from various payment methods:

  • Credit/Debit card transactions (Visa, Mastercard, Diners Club, or Maestro)
  • Bank transfers (may take longer for funds to appear in your account)
  • E-wallet services such as PayPal, Skrill, and Neteller

Depositing funds into your eToro account is easy and secure. Ensure your chosen payment method aligns with your bank’s stance on cryptocurrency transactions before proceeding.

Fund Your eToro Account Paypal

Step 4: Purchase Bitcoin on eToro

With your account funded, search for “Bitcoin” on the platform and follow the guidance provided by eToro to execute a successful trade. You can opt for market orders or limit orders based on your preferences. Once your Bitcoin investment has been made, it will be securely stored in the eToro web wallet. However, if you wish to have more flexibility handling your crypto assets, consider setting up the eToro Bitcoin Wallet app.

eToro buy Bitcoin

The eToro Wallet App Advantage

The eToro Wallet app, available on iOS and Android devices, offers additional features not found in its web counterpart:

  • Supports incoming and outgoing transfers for better flexibility.
  • Provides a user-friendly mobile interface.

eToro’s user-oriented approach is evident with its intuitive platform, diverse investment options, and comprehensive security measures. Whether you’re an experienced investor or just entering the world of cryptocurrencies, purchasing Bitcoin on eToro is both simple and secure.


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