How to Buy Bitcoin on eToro in 2024: Step-by-Step Guide

Want to buy Bitcoin? One of the most popular and trusted crypto exchanges to buy Bitcoin is eToro. Read our guide to buying Bitcoin on eToro in 2024.

With an even bigger bullish trend on the horizon, more people than ever are coming to crypto and wondering what it takes to buy Bitcoin. eToro is fortunate because some crypto exchanges are not good for beginners. eToro, a popular trading platform, makes it easy to buy Bitcoin. 

eToro offers a user-friendly platform to buy and trade many cryptocurrencies including Bitcoin. eToro has become very popular among cryptocurrency lovers due to its robust features and easy-to-use interface. It allows users to invest in Bitcoin without requiring any specific technical knowledge or creating a personal wallet.

We'll walk you through how to buy Bitcoin on eToro in this step-by-step guide, so you can have complete confidence in the platform.

Step 1: Set Up Your eToro Account

The first step is buying BTC on eToro Exchange is to create an account. Registration is easy and quick.

Visit the Etoro website:-  Visit the official website of eToro. For this, type “eToro” in the search bar of your browser or directly type “www.etoro.com” in the URL bar. Always make sure you are on a legitimate website before proceeding.

Apply for an Account:-  Look for the “Join Now” or “Sign Up” button in the upper right corner of the eToro homepage and click on it to begin the account creation process.

Enter your personal details:-  Provide full name and email address, and choose a strong password of letters, numbers and special characters that will keep your account secure.

Read and accept the terms and conditions:-  Carefully review eToro's terms, conditions and any other laws provided.

Check your email address:-  After signing up with eToro, check your email inbox, including spam or promotional folders. Verify your email address by clicking on the provided link.

Check your account:-  You will be asked to provide your date of birth, phone number, country of residence, social security number, ID, proof of address. The move follows regulatory requirements.

Step 2: Deposit funds to eToro account

To buy Bitcoin on eToro you will need to fund your account. eToro offers several easy payment methods:-

Loan Cards and Debit Cards:- You can make instant deposits using Visa, MasterCard, Diners Club or Maestro cards.

Bank Transfer:- Deposits via eToro bank transfer may take from a few hours to a few business days to appear in your account depending on your bank and location.

E-Wallet:-  eToro supports popular e-wallet services like PayPal, which offer greater security and faster processing times.

How to deposit Amount in eToro 

1.Open your eToro account.

2. Just Click on the "Add Funds" or "Deposit" option, often found in the main menu, account dashboard or portfolio section.

3. You choose your preferred payment method.

4. Enter the required information, such as bank account details and card details.

5. Specify the deposit amount and view associated fees or conversion rates.

6.  Read the information again and then click "Deposit" to initiate the transaction.

7. Depending on the payment method, further verification or instructions may be required.

8. You will receive a deposit confirmation once your funds are ready to buy Bitcoin.

Step 3: Search Bitcoin on eToro

You can easily locate and access the Bitcoin trading pair once your funds are in your eToro account.

1. Open your eToro account.

2. Use the search Option at the top of the page or with in the main menu.

3. Type "Bitcoin" or "BTC" and press Enter or click the search icon.

4. BTC will be the first result. Go to the Bitcoin page and click on “Trade”.

Step 4: Buy Bitcoin Order in eToro 

Now you've got Bitcoin on eToro, receive Bitcoin by placing a buy order. eToro offers an easy way for order placement:

1. On the Bitcoin page, click on the specific tab and then select the option "Invest".

2. Choose between “Trade” (current market price) or “Order” (predefined buy order).

3. Mention the investment amount.

4. View transaction details including fees and total spend.

  

5. Understand the rules, such as market or range rules.

6. Read the order details again.

7. Confirm the order by clicking "Buy".

Step 5: Keep track of your Bitcoin investment

Handling your investments on eToro is simple and easy:

1. View the Portfolio section in your eToro account.

2. View statistics including current price, profit or loss and percentage change.

3. Create a price alert to keep track of changing Bitcoin prices.

4. Stay informed about the markets and news.

5. Stop-loss orders are a risk management measure.

6. Review your trading strategy and investments regularly.

7.  Boost your trading knowledge using eToro's educational resources.

Buying Bitcoin on eToro is an interesting opportunity for anyone looking to Best in  cryptocurrencies. This comprehensive guide to entering the world of Bitcoin investing on eToro explains every step of the way. Remember to know the associated risks before making any decisions.

How to buy Bitcoin on eToro sample and easy process

How much time is required depends on your familiarity with the platform and speed of depositing funds, but the process from account setup to buying Bitcoin can usually be completed within minutes to an hour.

Can you withdraw Bitcoin from eToro?

You can withdraw Bitcoin from eToro by converting it into fiat currency or any other cryptocurrency on the platform. Special withdrawal methods and options may change according to location and eToro rules. Review eToro's Bitcoin withdrawal guidelines.

Is it safe to buy Bitcoin on eToro?

eToro has trusted millions of crypto investors around the world with their Bitcoin investments. The exchange is very popular because it is secure and reliable. However, you and your crypto are just as safe. If you are not actively trading any crypto, you should always follow best practices.