As Bitcoin’s next halving event nears, investor interest is surging. If you’re looking to capitalize on a potential price rally, eToro offers one of the simplest ways to get started. This beginner-friendly guide walks you through how to buy Bitcoin on eToro in four simple steps — from signing up to securely storing your BTC.
Why Choose eToro to Buy Bitcoin?
eToro is a globally trusted crypto trading platform, known for its intuitive interface, robust security, and regulatory compliance. It’s ideal for beginners and experienced traders alike. The platform is regulated by FINRA and follows AML and KYC protocols, offering peace of mind for users. Plus, it supports multiple payment options and provides a seamless experience for crypto purchases.
Also read: What Is LEOcoin (LC4)? A Deep Dive into the Entrepreneur-Focused Cryptocurrency
Step-by-Step: Buy Bitcoin on eToro
Step 1: Create and Verify Your eToro Account
To begin, visit the eToro website and click “Join Now.” Fill out personal details such as your name, address, and email, and create a secure password. You’ll then need to verify your identity with government-issued documents and proof of address to comply with KYC regulations.
Step 2: Deposit Funds
Once your account is verified, click “Deposit Funds.” eToro supports several funding options including:
- Credit/Debit Cards (Visa, Mastercard, Maestro)
- Bank Transfer
- E-wallets (PayPal, Skrill, Neteller)
Note: PayPal and credit card options are not available for UK-based clients under FCA regulation. Choose your preferred payment method, enter your amount (minimum $10), and complete the transaction.
Step 3: Search for Bitcoin (BTC)
Navigate to the “Watchlist” or use the search bar to find “Bitcoin.” Click on it to view current market data, price trends, and analysis.
Step 4: Place a Buy Order
Click the “Buy” button. In the order window, enter the amount of money or BTC units you wish to purchase. For beginners, a market order will execute instantly at the current price. More advanced users can place a limit order to buy at a specific price.
Understanding eToro Fees
eToro charges a 1% trading fee for crypto purchases. Deposits in USD incur no fee, while non-USD deposits are subject to currency conversion charges. The minimum trade amount is $10. For example, buying $10 worth of BTC will cost you $10.10 with fees included.
Store Your Bitcoin in the eToro Wallet
After purchasing, you can transfer your Bitcoin to the eToro Money app, a user-friendly crypto wallet:
- Download and log into the eToro Money app.
- Go to your eToro Portfolio and select your BTC.
- Click “Edit Trade” and choose “Transfer to Wallet.”
- Confirm transfer and check the eToro Money app.
Note: The wallet service is unavailable in certain countries, including France, Netherlands, and Estonia.
Invest in Bitcoin with Confidence on eToro
eToro simplifies the process of buying and storing Bitcoin, making it perfect for new crypto investors. With low entry barriers, regulatory protection, and a seamless user interface, now is a great time to start investing in Bitcoin — especially ahead of the 2025 halving event.