Do you want to buy Bitcoin? Do you know eToro is now a days one of the most popular, easy and trusted crypto exchanges to buy Bitcoin on. In this article let’s check how to Buy Bitcoin on eToro in 2024.
More and more newcomers are coming to crypto, wondering how to buy bitcoin, with another bull run on the horizon. In this field there are some crypto exchanges which are not user friendly to beginners. Fortunately, we have eToro which is much user friendly and trusted crypto exchange.
Buy Bitcoin on eToro
Generally eToro is very popular trading platform that make easier the process of buying Bitcoin. In this article we will discuss how to buy Bitcoin on eToro. So that it will help to get some knowledge and you can confidently use this platform.
Step 1: eToro account Set up
The first and most important step is to create an account on eToro to buy Bitcoin.
First you need to visit eToro’s website
- First you need to go to official website of eToro by simply typing “eToro” in your web browser’s search bar or you can directly open “www.etoro.com” from address bar.
- After that you need to create account or sign up on this website. You will get “Join Now” or “Sign Up” on eToro home page and initiate the account creation process.
- Next you need to provide your full name, and email address and other personal information. After that select a strong password with containing letters, numbers, and special characters to increase your account’s security.
- Then carefully read eToro’s terms and conditions and check all the disclaimer provided in the form.
- After completing sign form you will get a email to verifying you email id and account. Check your email inbox (including spam or promotions folders) and click the provided link to verify.
- Also, you need to provide information like date of birth, country, ID, address proof etc.
Step 2: Deposit your funds into your eToro account to Buy Bitcoin on eToro
You have to deposit funds into your eToro account to buy any Bitcoin on eToro. eToro offers several convenient payment methods to add funds in your account
- You can use different debit or credit card like Visa, Mastercard, Diners Club, or Maestro cards. This method provides quick and instant deposits to add funds in your account.
- eToro also accepts deposits via bank transfers. Bank transfer may take a bit longer (hours to a few business days) to complete the transaction. It is depending on your bank and location.
- eToro also supports different e-wallet services like PayPal. This transaction process works faster with added security.
Funds deposit process in eToro
- First sign in to your eToro account.
- Then click on the “Deposit Funds” option. You will get this option usually in the main menu, account dashboard, or portfolio section.
- Now select your preferred payment option.
- Enter card information or bank account details or other required detail for payment.
- While deposit your amount please review associated fees or conversion rates of this transaction.
- After verifying all the transaction details, click “Deposit” to initiate the transaction.
- Once the transaction is completed, you’ll receive a confirmation notification and see the amount in your funds. You are ready now to buy Bitcoin.
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Step 3: Find a suitable Bitcoin on eToro to Buy Bitcoin on eToro
- To find the suitable bitcoin you need to sign in your account.
- After that use the search bar in eToro application at the top of the page or in the main menu option.
- Type “BTC” or “Bitcoin” in the search bar and press enter or click on the icon.
- Then You will see a result will appear as “BTC.” Click “Trade” to access the Bitcoin page.
Step 4: Place a Bitcoin buy order on eToro
Once you find bitcoin in eToro application, then it’s time to place a buy order and acquire Bitcoin. EToro provide pity straightforward order placement process:
- If you go to the Bitcoin page, click the designated tab and select “Invest.”
- Then choose between “Trade” (current market price) or “Order” (predefined purchase order).
- In the amount box enter the investment amount.
- Don’t forget to review transaction details, including fees and total cost before go ahade.
- Gather more knowledge on order preferences – Market or Limit orders.
- After that double-check the order details. Clicking on the “Buy.” button and confirm the order.
In the next step eToro will execute the order based on the parameters you specified.
Step 5: Monitor your Bitcoin investment
- In your eToro account you can access the portfolio section.
- Don’t forget to track portfolio performance, current value, gains or losses, and percentage change.
- Always Set price alerts to stay informed of Bitcoin’s price movements.
- In fact Stay informed about market trends and news.
- Another important skill is risk management strategies like stop-loss orders you should use in your trades.
- You can utilize eToro’s educational resources so that you can enhance your trading knowledge.
Bitcoin purchase on eToro application is really an exciting opportunity for anyone who is looking to venture into cryptocurrencies. This article has outlined the step-by-step process which is ensuring you can confidently explore the world of Bitcoin investments on eToro. Don’t forget to conduct thorough research. Also be aware of the associated risks before any decision or making any transaction.