How to Buy Bitcoin on eToro: A Step-by-Step Guide

Moneycrypts
2 min readFeb 3, 2023
How to buy bitcoin on eToro

I. Introduction

  • The steps above cover the basics of how to purchase Bitcoin on eToro, which has become the hub for traders looking for the best social trading cryptocurrency platform. But we’ve broken the process down in more detail so anyone who has never purchased cryptocurrency before can follow along.

II. Step 1: Sign Up for eToro …………………………….in details

  • Head to eToro’s website and click “Join Now”
  • Enter your email and choose a username and password
  • Fill in personal information and verify your identity by uploading a picture of your ID

III. Step 2: Account Verification……………………….in details

  • Upload proof of identity and proof of address
  • Verification process usually takes 24 hours

IV. Step 3: Deposit……………………………………….in details

  • Minimum deposit is $10
  • Accepted payment methods: credit/debit card, PayPal, Neteller, Skrill, bank transfer

V. Step 4: Set Up a Crypto Wallet…………..………….in details

  • Option to store coins in eToro account
  • eToro offers its own crypto wallet called “eToro Money”

VI. Step 5: Search for Bitcoin………………………….in details

  • Find the search bar at the top of the dashboard
  • Enter “Bitcoin” or “BTC” and click “Trade”

VII. Step 6: Buy Bitcoin……………………………….in details

  • Enter the amount of Bitcoin you want to purchase in US dollars
  • Option to set take profit or stop loss level
  • Click “Open Trade” to buy Bitcoin with eToro
  • Payment methods include buying Bitcoin with a credit card with zero deposit fees.

VIII. Conclusion

eToro makes it easy to buy Bitcoin whether you’re completely new to cryptocurrencies or an experienced trader. The platform only requires a minimum deposit of $10 to get started and charges just a 1% transaction fee when you buy Bitcoin. In addition, eToro has its own crypto wallet that you can use to store your Bitcoin.

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