CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 46% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. It’s up to individual investors how much bitcoin they should buy. It is important to consider how much of your portfolio you want to allocate to a particular asset or asset class, as well as remembering to never invest more than you can afford to lose.
Step 2: Deposit funds using various payment methods
By creating an account, verifying your identity, funding your account, and using the eToro platform to purchase Bitcoin, you can join the exciting world of cryptocurrency investment. You can create an account in minutes and start trading with as little as $50. You can also use various payment methods, such as credit/debit cards, PayPal, Skrill, Neteller, and bank transfers. It is also a social trading network that lets you copy the trades of other investors or share your own strategies.
- To purchase bitcoin, you will first need to create an account, the process of which will vary depending on your chosen exchange.
- Here is a summary, followed by the full guide below, accompanied by screenshots.
- Click on Trade – you’ll be prompted with a new window where you must choose the amount in fiat or units.
- Are you interested in investing in Bitcoin and wondering how to get started?
Follow these steps to create your profile and you will start trading bitcoin. Be sure to research before investing thoroughly, follow other cryptocurrency communities, and whenever you need help, find our guides and tutorials for a well-researched decision. Additionally, stay informed about market trends and monitor your Bitcoin investment regularly to make informed decisions.
Before finalizing your account, carefully read eToro’s terms and conditions. Additionally, you must acknowledge that your information will be used in accordance with the Privacy Policy and Cookie Policy. Take time to understand these agreements, as they govern your use of the platform. Unlike fiat currencies, most cryptocurrencies have a limited maximum supply. For Bitcoin, there will only ever be 21 million bitcoins created. Satoshi Nakamoto designed it in such a way that bitcoin production would slow down as time went on, meaning that the last bitcoins will be mined by around 2140.
How To Buy Bitcoin (BTC) on eToro: A Step-by-Step Guide
EToro is an excellent choice for people who want to manage a range of investment products and auto-copy successful trader’s trades. OKX is one of the world’s leading cryptocurrency exchanges by trading volume. It was launched in 2017 and offers advanced crypto trading services, including spot and derivatives trading.
Our recommended brokers:
- If you fail to log into your account for an entire year, eToro will render your account inactive and charge you $10 monthly in inactivity fees.
- As with any investment, diversification and regular portfolio review are key to maintaining a balanced approach in the volatile cryptocurrency market.
- Or you can use other ways, like wire transfers, bank cards, PayPal, or crypto.
- You can create an account in minutes and start trading with as little as $50.
- It gives users, especially beginners, a chance to mirror the trades of more experienced traders.
No, you cannot buy Bitcoin on eToro or use its features without confirming your identity. Verification is standard practice on reputable platforms like eToro that are committed to complying with the crypto industry’s regulatory requirements. The buying and selling process is also straightforward, fast, and hassle-free. Join eToro and get access to exclusive eToro Academy content such as online courses, inspirational webinars, financial guides and monthly insights directly to your inbox. The original advocates of crypto would transact in a peer-to-peer nature, whether it be through in-person meetups or online message boards and forums. Today, you can still buy bitcoin from online peer-to-peer marketplaces.
It also has a platform for users to communicate with each other, share insights, discuss strategies, and copy the trades of experienced investors. It is a non-custodial crypto wallet that is simple, easy to use, and free. It supports over 120 different cryptocurrencies and can facilitate the exchange of more than 500 currency pairs from within the wallet itself. Now, you first need to choose BTC as your preferred asset class. You can do this by clicking on the “Trade Markets/Discover” tab on the left side of the screen and then selecting “Crypto” from the top menu. You will see a list of cryptocurrencies available to trade on eToro, including Bitcoin.
Get crypto news sent straight to your inbox
Whereas eToro sells cryptocurrencies alongside other investment assets, Binance is a cryptocurrency exchange that focuses on digital assets with a wider variety of cryptocurrencies. However, eToro is more beginner-friendly than Binance, with a social trading option and demo accounts heightening the user experience. Binance is suited How to buy bitcoin on etoro for experienced traders looking for a wider variety of digital assets.
Therefore, the duration of the purchase depends on your familiarity with the platform. The process can take a few minutes to an hour to complete, depending on how fast you can deposit funds and initiate a trade. A 2% fee is also charged when you transfer Bitcoin to your eToro crypto wallet.
EToro is a company that offers financial services for social trading and multi-asset investment. It enables users to invest and trade in various assets, such as cryptocurrencies, stocks, ETFs, commodities, and currencies. Social feeds are a vital component of eToro’s social trading platform. These function like social media platforms and allow you to engage with other investors, share ideas, and discuss market trends.
It is indicated as a ‘loss’ when you open the trade and includes the 1% for buying bitcoin and the 1% fee for the expected sale. Platforms like eToro have positioned themselves to provide much-needed Bitcoin-related transactions, giving users a gateway to join the crypto market. This article highlights how to buy Bitcoin on eToro and explores the trading platform’s unique features.
Sites still match crypto holders (i.e., crypto owners) with those looking to buy bitcoin and facilitate a transaction. The buyer and seller agree to a price and transact using the site’s escrow service. After entering your initial details and agreeing to the terms, click the “Create Account” button to proceed.
You will see a dropdown appear, and the first one is BTC (Bitcoin). This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Once you transfer Bitcoin from the eToro platform into your wallet, you cannot send it back to the platform. EToro charges a standard 1% fee for the Bitcoin amount you wish to buy.
Kraken is a highly dependable platform that was launched in 2011. The cryptocurrency exchange is an industry leader in security and offers a good selection of over 200 assets. Kraken offers many features and services, including margin trading, futures, and staking. The exchange targets more advanced traders with its range of technical trading tools. Yes, it is. eToro is a popular and intuitive platform that facilitates the buying and selling of numerous types of crypto assets.
It’s important to understand these risks before you begin trading. When signing up, eToro requires basic information to create your account. You’ll need to enter your email address, choose a username, and create a password. Ensure all information is accurate as it will be used for account verification and communication. The process is straightforward, and you must follow the on-screen instructions to create your eToro account.
Arabic 
English