How to Buy Bitcoin on eToro

You can buy Bitcoin on eToro. As a popular social trading platform, eToro allows users to trade various assets, including cryptocurrencies like Bitcoin. To begin, you’ll need to sign up for an eToro account, verify your identity, and add funds to your account. The process is designed to be straightforward, catering to both beginners and more experienced traders.

On eToro, you can purchase Bitcoin at the current market price or set a limit order, allowing you to buy when the price reaches a specific level. Additionally, eToro provides tools like portfolio tracking and price alerts to help you monitor your investment. Whether you’re new to Bitcoin or looking for a reliable platform, eToro makes buying simple and secure.

Purchasing Bitcoin on the eToro app is straightforward. You can do so in a few easy steps:

Step 1: Download the eToro App and Create an Account
Start by downloading the eToro app from the App Store or Google Play. Once installed, open the app, tap "Sign Up," enter your email, choose a username, and set a strong password.

Step 2: Verify Your Identity
To comply with regulations, you’ll need to verify your identity. This involves filling in personal details like your full name and address and uploading a government-issued ID and proof of address, such as a utility bill. This ensures your account is secure and meets legal requirements.

Step 3: Link Your Payment Method and Add Funds
After verification, connect your bank account or debit card to your eToro account. Navigate to the "Deposit Funds" section, select your preferred payment method, and deposit what you wish to invest. Once funds are in your account, you can purchase Bitcoin.

Step 4: Purchase Bitcoin
To buy Bitcoin, use the app's search bar to find "Bitcoin." Select it, then click "Trade." Enter the amount of Bitcoin you want and choose whether to buy at the current price or place a limit order. Confirm your purchase by tapping "Open Trade," and your Bitcoin will appear in your eToro portfolio.

Looking to calculate your crypto taxes? Try our free crypto tax calculator.

eToro is a trading platform that supports trading in various financial instruments, including stocks, ETFs, and cryptocurrencies like Bitcoin. The platform is user-friendly, making it ideal for both beginners and experienced traders. One of its standout features is copy trading, where users can automatically replicate successful investor trades.

eToro also offers educational tools and resources to help users make informed trading decisions. The platform is regulated by financial authorities across different regions, which enhances security. Whether you’re investing in traditional assets or exploring the cryptocurrency market, eToro provides a comprehensive, reliable trading environment.

See our expert picks of the best Coinbase alternative platforms.

Yes, buying Bitcoin on eToro is considered safe. The platform uses advanced security to protect your funds and personal information, including SSL encryption, two-factor authentication, and compliance with strict regulatory standards.

eToro stores most of its users' funds in cold storage, which is offline and less vulnerable to hacking attempts. Additionally, being regulated by multiple financial authorities gives eToro a strong reputation for safety. While all investments carry some risk, eToro is a widely trusted platform for purchasing and storing Bitcoin.

eToro applies a fixed 1% fee when you buy Bitcoin. This fee is incorporated into the price displayed at the time of purchase, ensuring full transparency. There are no withdrawal fees for US clients, while non-US clients may incur a $5 fee for withdrawals.

If you transfer your Bitcoin from eToro to an external wallet, there’s a 0.5% transfer fee, capped at $50. eToro’s fees are competitive, particularly compared to other exchanges, making it an affordable choice for investors.

Sending Bitcoin from your eToro account to another wallet involves a few key steps:

1. Link Your eToro Money Wallet: Access the "Portfolio" section, select Bitcoin, and click "Edit Trade."

2. Initiate the Transfer: Choose "Transfer to Wallet" and carefully follow the on-screen instructions. Double-check the recipient’s wallet address, as Bitcoin transactions are irreversible.

3. Complete the Transaction: Once everything is confirmed, eToro will process the transfer, and your Bitcoin will appear in the linked eToro Money wallet, ready to be sent to another wallet if needed.

Selling Bitcoin on eToro is just as easy as buying it. Here’s how:

1. Go to Your Portfolio: Login to your eToro account and visit the "Portfolio" section.

2. Select Bitcoin: Find Bitcoin among your assets and view trade options.

3. Sell Your Bitcoin: Click "Sell," enter the amount of Bitcoin you'd like to sell, and confirm by tapping "Open Trade."

4. Access Your Funds: After the sale, the proceeds will be added to your eToro account balance, which you can withdraw to your bank or use to invest in other assets.

Looking to calculate your crypto profit? Try our free crypto profit calculator.

How to buy Bitcoin on eToro FAQs

Is eToro a reliable platform for buying Bitcoin?

Yes, eToro is a reliable and trustworthy platform for buying Bitcoin. It’s regulated, offers strong security features, and is built to be user-friendly for beginners and experienced traders.

How long does it take to buy Bitcoin on eToro?

Buying Bitcoin on eToro is quick, typically taking just a few minutes once your account is verified and funded. The transaction is instant when purchasing at the current market price.