In terms of market value, Bitcoin is the biggest and most widely used cryptocurrency. If you’re considering investing, Bitcoin is your best and safest bet.
EToro is one of many crypto exchanges where you can buy Bitcoin. Signing up, transferring money to your eToro Account, and initiating a Bitcoin trade is all it takes to buy Bitcoin.
How to Buy Bitcoins on eToro
As a beginner, here are the steps for signing up for an eToro account, funding it, and purchasing Bitcoin:
- Create an account on the eToro website by clicking the “Join Now” button and entering your email address, Google account, or Facebook account.
- Complete your profile by following the prompts.
- Wait for email verification after uploading your photo ID and providing your address.
- You can fund your account using PayPal, a bank account, or a debit card. To start trading, you’ll need to deposit at least $10.
- Find bitcoins through eToro’s dashboard.
- Enter the number of bitcoins you wish to purchase in U.S. Dollars or BTC.
- To make your purchase, click “Open Trade.”
What is eToro, and how does it work?
eToro, a popular trading platform for cryptos and stocks, allows users to trade in exchange-traded funds and buy or sell stocks.
eToro, a platform praised as an excellent option for beginners, offers a $100,000 demo account. This allows investors to test their skills without risking any money. You can test out buying stocks, exchange-traded funds, and cryptocurrencies to see how they perform in the long run without putting any money at risk.
Copy the portfolios from top traders to learn the most. Once you understand how trading works, you can copy top investors’ actions using your own money using eToro’s CopyTrader feature.
What is the cost of buying Bitcoin on eToro?
You pay a 1% fee on the purchase price quoted when you buy bitcoins through eToro. The cost is included in the price displayed when you open a Bitcoin position. You must also pay 1% when you cash your Bitcoin through eToro.
How long does it take to buy Bitcoin on eToro?
EToro accepts Bitcoin orders 24 hours a day, seven days a week. Orders are processed in seconds. The process can take five days or longer if you wish to transfer bitcoins to your eToro Money wallet.
Alternatives to eToro
You have many options if you don’t want to use eToro. Other popular alternatives to eToro are:
- Robinhood
- Webull
- Stockpile
- Wealthfront
- Fidelity
These apps allow you to trade in crypto, stocks, and ETFs.
Consider using one of these crypto exchanges if you only want to trade bitcoins and other cryptocurrencies without trading stocks and ETFs.
- Coinbase
- Kraken
- Gemini
- Binance.US
Takeaway
eToro, one of the top cryptocurrency apps for investors, is a great place to start if you’re ready to purchase Bitcoin or other cryptocurrencies. Createccount in a few simple steps and buy Bitcoin.
