{"id":72714,"date":"2023-08-21T18:05:51","date_gmt":"2023-08-21T12:35:51","guid":{"rendered":"https:\/\/www.the-next-tech.com\/?p=72714"},"modified":"2023-08-21T18:05:51","modified_gmt":"2023-08-21T12:35:51","slug":"how-to-buy-bitcoin-on-etoro","status":"publish","type":"post","link":"https:\/\/www.the-next-tech.com\/blockchain-technology\/how-to-buy-bitcoin-on-etoro\/","title":{"rendered":"How To Buy Bitcoin (BTC) On eToro (Beginner\u2019s Guide)"},"content":{"rendered":"

Buy bitcoin on eToro: eToro was founded in 2007<\/strong> (16 years ago) with the visual perception of enabling users of different continents to trade and invest in a simple and transparent way.<\/p>\n

And today, eToro is the world’s leading social trading platform with US$1.2 billion in revenue<\/strong>, reported by Wikipedia<\/a>.<\/p>\n

eToro journey is itself inspiring, the company caters uncounted number of achievements and innovations in the context of crypto portfolio.<\/p>\n

In general, eToro\u2019s legal entities are registered in the UK, US, Australia, and Cyprus. Its operations are regulated by the CySEC<\/a> authority in the European Union.<\/p>\n

So, if you\u2019re searching for eToro\u2026 the chances are that you want to trade in bitcoin<\/a>.<\/p>\n

\n
!<\/div>\n

Read this guide to learn how to buy BTC on eToro. Also, I have been briefed about buying bitcoin on eToro using a debit card and paypal account.<\/p>\n<\/div>\n

Beginner\u2019s Guide To Buy Bitcoin on eToro<\/h2>\n

Well, there are plenty of platforms to buy bitcoin and other crypto coins safely and secure. Out of many, eToro is a safe and trader\u2019s choice platform for buying bitcoin.<\/p>\n

Here\u2019s how to buy bitcoin on eToro:<\/mark><\/strong><\/p>\n

Create an account<\/h3>\n

\"Sign<\/p>\n

Whether on a mobile app or desktop site, create an account by choosing a username and password. You also need to provide your email address. Always create a strong passcode<\/a> to avoid identity theft.<\/p>\n

Later, after creating an account. Account verification is the next step to be done. eToro is a legit platform, therefore, your verification of your identity is important here.<\/p>\n

Add funds<\/h3>\n

\"Deposit<\/p>\n

Depositing funds is easy and just a task of a minute. To add funds, navigate to the menu bar on the left-hand side and choose \u201cDeposit Funds\u201d<\/p>\n

Now, choose which fiat currency you want to deposit with and on the next step, define your payment details and click deposit.<\/p>\n

Buy Bitcoin<\/h3>\n

There are two methods to buy bitcoin on eToro – \u201cTrade \u201d and \u201cOrder\u201d. The former refers to buying bitcoin at its current price. The latter defines automatically buying bitcoin once its value reaches a predetermined level.<\/p>\n

Navigate to the Bitcoin page and click \u201cInvest.\u201d Choose your preference method to buy Bitcoin between \u201cTrade\u201d and \u201cOrder.\u201d However, both are trouble-free options.<\/p>\n

Transfer to crypto wallet<\/h3>\n

\"Transfer<\/p>\n

You can use eToto crypto wallet to store your bitcoin there. However, this step is optional, but for added security, you can consider it.<\/p>\n

If you consider, you need to download the eToro crypto wallet. Navigate to the portfolio section and select \u201cTransfer to Wallet.\u201d<\/p>\n

Good luck with your first bitcoin purchase through eToro.<\/em><\/p>\nAlso read:<\/span> The Top 10 In-Demand Tech Skills you need to have in 2021<\/a><\/span>\n

How Much Does It Cost To Buy Bitcoin on eToro?<\/h2>\n

It cost you 1% of the quoted purchase price. Additionally, cash out your bitcoin also has a fee of 1% on eToro.<\/strong><\/p>\n

According to the eToro website, \u2018a fee of 1% is calculated for buying or selling crypto assets on eToro.\u2019<\/em><\/p>\n

However, it\u2019s general to observe that crypto transactions including funds, incur a fee and these fees vary depending on each blockchain provider.<\/p>\n