In 2024, everyone is trying to find a way to get a large income into his bank. While many fields are offering quick money, investing in Bitcoin is something really fascinating. This cryptocurrency has the power to make you a millionaire overnight. Thus, people are looking forward to purchasing it.
If you are also the one dreaming of being rich with the help of this currency, you first have to purchase them. eToro is one of the best platforms, and it has the trust of millions of users. In this guide, I have elaborated on step-by-step details on how to buy Bitcoin on eToro.
eToro – Overview
eToro is a digital platform that works primarily as a broker. It provides users with the ability to invest their money in different markets, including stocks and cryptocurrencies. Several significant advantages are associated with eToro as you can have your hands on smart tools to learn about market dynamics. Furthermore, it charges minimal or almost no commission and provides you with a community of top professionals and investors. These high-quality features have made this platform a most valuable asset for experts as well as beginners.
How to Buy Bitcoin on eToro?
As mentioned in the above section, eToro works as an online broker to help you invest in different currencies. The following details will help you learn how to purchase Bitcoin on eToro.
Disclaimer: The guide below only features the steps you can follow to invest in Bitcoin with the help of the eToro platform. The writer has no promotional compliance with this brokerage platform. Remember, BTC is a cryptocurrency, and it is highly volatile in nature, resulting in huge profits or losses quickly. Therefore, investing in it should be based on your research and marketing insights to avoid any unnecessary damage.
- Firstly, you should search Etoro on your browser after clearing the caches.
- On the results page, find the official website and click on it.
- After reaching the homepage, you will see a Join eToro button. Tapping on it will lead you to the sign-up page.
- eToro allows you to create your account in multiple ways. You can choose a Google or Facebook account to be linked to it.
- Alternatively, you have to enter your email, username, and password. In this guide, I have signed up with my email. After entering the credentials, you should accept the terms and agreements and then click on the Create Account button.
- eToro will send you an email with a code to verify your credentials. Now, open your inbox to and paste the code in the designated section. Click on the Activate Now button to proceed.
- Verifying your email will directly take you to a new window. Here, you have to tap on the Let’s Do It option.
- On the homepage, you will see a Verify your Account button. Although this step is not compulsory, adding your identity and address can add an additional layer of security. Besides, it will also prove your authenticity.
- Now, look at the top bar on the eToro dashboard which features numerous currencies. Choose BTC as it is a short abbreviation for Bitcoin.
- It will open a new window on which you can see the trading chart of Bitcoin alongside associated factors like market cap. In this way, you can have a complete understanding of investing in this highly volatile currency.
- Click on the Deposits Fund button on the left sidebar. It will enable you to add money to your eToro account to buy bitcoins.
- Select the amount you want to invest and then add your card number along with its CVV. Double-check your name and correct any errors. This step is extremely crucial and should be performed with intensive care. Otherwise, you may lose your funds or have other complications in your transactions. After adding the details, confirm the transaction by pressing the Deposit option.
- Open your cash app to give it permission to perform transactions. In this way, you can add your funds to your eToro account and become able to purchase Bitcoins.
- Afterward, if you want to trade on your purchased bitcoins, again go to the BTC section and click on the Trade button. Enter the amount you want to invest like 0.1 BTC and start trading.
After purchasing Bitcoin from eToro, you must look for an external wallet to store your BTC safely. In this way, you can easily sell them again when the price increases. While hardware wallets are still in use, you should prefer digital wallets as they allow easy transactions. Furthermore, keep an eye on the latest industry trends to make the right purchase decision.
Final Thoughts
These are the details on how to buy Bitcoin on eToro. The platform is highly trusted and has received positive reviews from investors all across the globe. Thus, you can have a safe experience here. However, it is important to note that cryptocurrencies are very dynamic, and investing in them is full of risk. Therefore, you should not blindly trust anyone. Instead, do your own research and understand the dynamics of this currency. Follow top blogs and get insights. Consequently, you will be able to use your money in a more secure manner.
FAQs
Is it safe to buy Bitcoins on eToro?
eToro is one of the best platforms on which to buy Bitcoins because of its extensive security features and fast customer care services.
Can I send Bitcoin from eToro to another wallet?
eToro offers numerous functionalities, and one of them is sending and receiving Bitcoins from one wallet to another. Hence, you can make easy transfers with this platform.
Does eToro have bitcoin?
eToro allows you to invest in Bitcoin by depositing the funds with the help of your debit or bank card. Then, you can transfer them to your wallet.
How risky is eToro?
eToro is one of the safest platforms present on the web. It keeps your funds in the top-tier banks. As a result, it guarantees an immense level of protection.
