{"id":512457,"date":"2023-03-24T09:57:09","date_gmt":"2023-03-24T09:57:09","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=512457"},"modified":"2024-03-26T13:47:22","modified_gmt":"2024-03-26T13:47:22","slug":"buy-bitcoins-with-etoro","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/buy-bitcoins-with-etoro\/","title":{"rendered":"Buy Bitcoins with eToro – It’s Simpler Than You Think"},"content":{"rendered":"\n

If you're interested in conquering the crypto market, you're in the right place. By now, you probably have heard about bitcoin and all the potential benefits that come from investing in this currency.<\/p>\n\n\n\n

This article will shine some light on how to trade it using one of the most popular trading platforms out there – eToro.<\/p>\n\n\n\n

eToro is a reliable and popular crypto trading platform offering a selection of different cryptocurrencies, including Ethereum, XRP, and Bitcoin (BTC), among others. But the platform is so much more than a simple marketplace – it's a social investment network connecting investors and allowing them to learn from each other, exchange strategies and ideas, and observe more experienced traders, which is a terrific thing for new investors, who are just entering the trade market.<\/p>\n\n\n\n

Is it worth it to invest through eToro? You can find the answers to that question in our extensive eToro Review.<\/a><\/p>\n\n\n\n

Meanwhile, let's take a closer look at what buying bitcoin looks like for eToro traders and what you should know before you make your first transaction.<\/p>\n\n\n\n

Can I Buy Bitcoin Through eToro?<\/strong><\/h2>\n\n\n\n

eToro platform allows its users to purchase bitcoin, among other cryptocurrencies, like Bitcoin Cash, Ether, XRP, Dash, API3, Stellar, and many more. So the short answer is yes, you can invest in bitcoin using eToro.<\/p>\n\n\n\n

The whole process is very simple as well. All you need to do is open an eToro account, link your bank account to your new eToro account, and transfer funds to it. From there, you're able to invest in and sell bitcoin through the desktop platform or convenient mobile app.<\/p>\n\n\n\n

And the important thing is that you don't have to be an avid investor to start trading via the platform. If you still need to learn the ropes, eToro enables you to open a demo account with $100K in virtual funds, so you can practise and hone your skills before putting real money on the line.<\/p>\n\n\n\n

Additionally, the eToro account comes with some great copy trading options, so you can learn from the more experienced traders and earn money in the process. Here's how to start trading on the platform in x easy steps.<\/p>\n\n\n\n

Step-by-step Guide to Buying Bitcoin on eToro<\/strong><\/h2>\n\n\n\n

The process of buying bitcoin through the eToro platform is straightforward and doesn't take very long. These are the steps you need to take to become an eToro bitcoin investor.<\/p>\n\n\n\n

    \n
  1. Open an eToro account and transfer the money you want to invest from your bank account to your eToro wallet. If you already have an account, log in.<\/li>\n\n\n\n
  2. Click on the Cryptocurrencies page and go to Discover. You'll see the list of various cryptocurrencies.<\/li>\n\n\n\n
  3. Select bitcoin. You should see it as the first cryptocurrency on the list.<\/li>\n\n\n\n
  4. At this point, you can click on the item (bitcoin icon) to be transferred to the information page. There you can access all the essential stats, charts, and analysis, so you can make the most informed purchase.<\/li>\n\n\n\n
  5. Alternatively, you can click on the ‘Trade'<\/strong> button, and you will be transferred straight to the order panel, where you can buy bitcoin.<\/li>\n\n\n\n
  6. Once you're in the order panel, you will have two main options – to order or to trade.<\/strong> The quicker approach is to trade, as this means you will simply buy bitcoin at the current price. Ordering is for more patient buyers, as it allows you to set a price target you want bitcoin to reach as well as the number of coins you wish to buy. Your order will be fulfilled once bitcoin hits the target price you've set.<\/li>\n\n\n\n
  7. If you decide to trade, you should choose how much you want to invest. It's easy, and you can switch between ‘Amount<\/strong>‘ and ‘Units<\/strong>,' so it's more convenient for you to set the desired parameters.<\/li>\n\n\n\n
  8. Manipulating the ‘Amount' allows you to set how much USD you want to invest. You can enter the amount manually or use the +\/- buttons to select the correct amount. To start trading, you need to invest a minimum of $10<\/strong>. Remember that it is required to have funds in your eToro account. If you haven't made the bank transfer yet, you won't be able to place your order.<\/li>\n\n\n\n
  9. You can also decide how many bitcoins you want to buy by manipulating the ‘Units' amount. It's worth knowing that via eToro, you can buy bitcoin in smaller quantities, as you're not required to purchase a minimum of one whole unit. Instead, you can buy a percentage of a unit, investing as much as you're comfortable with.<\/li>\n\n\n\n
  10. Once you're done selecting the amount of bitcoin, you will need to click on the ‘Open Trade<\/strong>‘ or ‘Deposit Now<\/strong>‘ button, depending on what type of order you're placing.<\/li>\n\n\n\n
  11. In case you don't have enough funds in your account to complete the transaction, you'll be transferred to the Deposit panel, where you can deposit funds.<\/li>\n\n\n\n
  12. That's it! Once you've completed all these steps, your transaction will be accepted, and you'll become a bitcoin investor.<\/li>\n<\/ol>\n\n\n\n
    \"btc<\/figure>\n\n\n\n

    One thing to keep in mind is that you can only place orders if your profile has been approved prior to that. The approval process takes place during setting up an account when you're asked to provide some personal information like proof of your identity and address. This is a necessary step if you want to become a trader via the eToro investment platform.<\/p>\n\n\n\n

    Deposit<\/strong><\/h2>\n\n\n\n

    Let's talk about deposit method options available with eToro. The two primary methods via which you can transfer funds to your account are ACH bank transfers or debit card deposits, but that's obviously not the end.<\/p>\n\n\n\n

    There are plenty of options you can choose from. Depending on your country, this list may include:<\/p>\n\n\n\n