How to buy Bitcoin with eToro in 2022

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Bitcoin is one of the fastest growing assets in the world, but you won’t find it in many traditional brokerages. The good news is that you can buy Bitcoin with eToro, one of the leading online brokers and crypto exchanges.

In this guide we will show you how to buy bitcoin with eToro. We’ll cover the process step by step and explain why eToro is the best place to buy Bitcoin today. Keep reading to get started!

How to Buy Bitcoin with eToro – Quick Guide

Want to buy Bitcoin with eToro right away? You can get started in minutes by following these simple steps:

  1. Open an account with eToro. Go to eToro.com and click Join Now.
  2. Verification. Verify your eToro trading account by uploading proof of identity and address.
  3. To pay. Make a minimum deposit of at least $10.
  4. Search Bitcoin. In the eToro dashboard, search for BTC or Bitcoin, then click on Trade.
  5. To buy. Enter the amount of Bitcoin you want to buy, then click Open Trade.

How to buy Bitcoin on eToro – Tutorial

The steps above cover the basics of buying Bitcoin on eToro. But we’ve broken down the process in more detail so anyone who’s never bought cryptocurrency before can follow along.

Step 1: Sign up for eToro

The first step to investing in Bitcoin with eToro is to create a new trading account. Go to the eToro website and click Join Now.

Enter your email, then choose a username and password. On the next page, you will need to fill in personal information such as your name, postal code, date of birth and telephone number. Finally, to comply with Know Your Customer regulations, eToro asks you to verify your identity. You need to take a photo of your driving license or passport and upload it to the platform.

Step 2: Verification

Account verification through the eToro crypto app is simple. Simply upload proof of identity (a passport or government-issued document) and proof of address (a recent utility bill or bank statement). eToro’s verification team will then process your documents, which usually happens within 24 hours.

Step 3: Deposit

eToro requires a minimum deposit of $10 when you open a new account. You can pay by credit or debit card (Visa or Mastercard), PayPal, Neteller or Skrill. You can also pay by bank transfer if you deposit at least $500. Make a deposit on eToro

Step 4: Set up a crypto wallet

When you buy Bitcoin with eToro, you have the option of storing your coins in your eToro account. Unlike other exchanges, you are not required to have a crypto wallet.

eToro Money crypto wallet

However, crypto wallets are highly secure and allow you to use your Bitcoin for a wide variety of applications. eToro offers its own cryptocurrency wallet, called eToro Money, which you can download for free on iOS or Android devices. Simply install the app on your device and log in with your eToro username and password to connect your eToro Bitcoin wallet to your account.

Step 5: Search Bitcoin

Return to eToro and find the search bar at the top of the dashboard. Enter Bitcoin or BTC, then click Redeem when it appears to open a new order form.

buy bitcoins with etoro

Step 6: Buy bitcoins

Enter the amount of Bitcoin you want to buy in US dollars. You can also enter a take profit or stop loss level, although these are generally used for eToro Bitcoin trading rather than long-term Bitcoin investing. When you’re ready, click Open Trade to buy Bitcoins with eToro.

Buy BTC with eToro

How to sell bitcoins on eToro

The process of selling Bitcoin on eToro is almost identical to the process of buying Bitcoin. The only difference is that once the order form is displayed, you will need to click Sell at the top of the form. Then enter the amount of Bitcoin you want to sell in US dollars and click Open Trade to finalize your sale. With so many payment options supported by eToro, you can efficiently purchase Bitcoin with PayPal directly from your mobile device.

How much does it cost to buy Bitcoin on eToro?

eToro has some of the lowest fees of all major crypto exchanges when it comes to buying Bitcoin. At eToro, you will pay a fee of 1% of your total transaction when you buy Bitcoin or any other cryptocurrency. You will also pay a 1% fee when you sell Bitcoin.

eToro does not charge additional fees for using a credit or debit card like many other cryptocurrency exchanges do. In fact, there are no deposit fees on this platform. eToro charges a $5 withdrawal fee and you will pay a 0.5% transaction fee when you send Bitcoins from your eToro account to your eToro Bitcoin wallet (fees are capped at $50).

eToro Bitcoin Review

etoro logoIs eToro really the best place to buy Bitcoin? There are several reasons why this exchange stands out in a crowded field.

First, eToro has more than Bitcoin. You can buy and sell nearly 50 of the most popular cryptocurrencies including Ethereum, Bitcoin Cash, Ripple, Litecoin, and more. eToro makes it easy to trade between Bitcoin and any of these other coins, giving you access to the wider world of crypto.

Another advantage of eToro is that it is inexpensive. eToro does not charge deposit fees and there are no additional fees when you buy Bitcoin with a credit or debit card. You will pay a flat fee of 1% of your total transaction each time you buy and sell Bitcoins.

Buy bitcoins with eToro

Although eToro is suitable for beginners, it also has powerful trading tools. You will find customizable technical charts and in-depth expert analysis of the crypto market. Additionally, eToro has a built-in social network so you can connect with other Bitcoin investors and see what they think about where this cryptocurrency is headed.

Perhaps eToro’s most unique feature is its copy trading tools. With copy trading, you can set aside a portion of your portfolio to imitate another trader’s movements, including Bitcoin traders. If you want to dive into eToro’s Bitcoin trading but don’t know where to start, copy trading makes it easy.

With all these features, eToro is a strong contender for the title of best place to buy Bitcoin.

Benefits

  • Trade Bitcoin and almost 50 of the best cryptos
  • 1% flat fee for buy and sell orders
  • In-depth analysis and research
  • Support copy trade
  • Includes a free mobile crypto wallet

The inconvenients

  • Fees for transferring crypto to a wallet
  • Does not support decentralized finance applications

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

How to Buy Bitcoin with eToro – 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 only charges a 1% transaction fee when you buy Bitcoin. Additionally, eToro has its own crypto wallet that you can use to store your Bitcoin.

Now that you know how to buy Bitcoin on eToro, it’s time to start. Click the link below to create an eToro account today!

etoro logo

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

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