How to Buy Bitcoin on eToro

Yes. eToro lets US customers trade stocks, ETFs, and crypto, including Bitcoin. To begin, you'll need to sign up for an eToro account, verify your identity, and add funds to your account.

In the US, eToro's crypto trading is not available in Nevada, Hawaii, Puerto Rico, or the US Virgin Islands. New York residents have been able to trade crypto on eToro through eToro NY LLC since April 1, 2026, with a smaller selection of coins than in other states. Bitcoin is on the New York list.

On eToro, you can buy Bitcoin at the current market price or set a limit order to buy when the price reaches a level you choose. A limit order can fill within a market range of about 3% of your target price. It waits in your pending orders until it fills, and the filled position then appears in your portfolio.

Pro tip
To buy Bitcoin on eToro, open an account, verify your identity, add funds, search for Bitcoin, and place a buy order. Before you confirm, check the 1% fee, the price, and the withdrawal rules.

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 such as your full name and address, and uploading a government-issued ID and proof of address dated within the last three months, such as a utility bill or bank statement. US citizens also provide a Social Security number. Verification can take up to several days, and you'll need to complete it before you can withdraw funds.

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 you want to invest, in dollars or in Bitcoin units, and choose a market order or a limit order. For a market order, tap "Open Trade." For a limit order, tap "Order type," choose "Limit order," enter your target price, and confirm. Cash set aside for a limit order stays unavailable until the order fills or you cancel it. Your Bitcoin will appear in your eToro portfolio once the order fills.

eToro is a trading platform for stocks, ETFs, and cryptocurrencies like Bitcoin. Its parent company, eToro Group Ltd., is listed on Nasdaq under the ticker ETOR. eToro also offers educational tools and resources, along with copy trading, which mirrors other investors' trades where available.

In the US, eToro's stock and ETF trading is offered by eToro USA Securities Inc., a broker-dealer registered with the SEC and a member of FINRA and SIPC. Crypto trading is offered by a separate company, eToro USA LLC (eToro NY LLC for New York residents), which is not a broker-dealer.

Bitcoin can lose value quickly, and crypto you hold on eToro is not covered by FDIC or SIPC insurance. eToro's crypto trading is run by eToro USA LLC (eToro NY LLC in New York), a separate company from its broker-dealer. eToro offers two-factor authentication, which you turn on in your account settings, and uses SSL encryption to protect your personal information.

In September 2024, eToro USA LLC agreed to pay $1.5 million to settle SEC charges that it operated an unregistered broker and clearing agency for crypto assets offered as securities, without admitting or denying the SEC's findings. After the settlement, eToro said US customers could trade only Bitcoin, Bitcoin Cash, and Ether. It has since added more coins for US customers.

eToro charges a 1% fee each time you buy or sell Bitcoin. Since mid-July 2025, eToro shows the fee as a separate line before you place the trade. When you buy, it comes out of your available balance, and when you sell, it comes out of your proceeds.

Moving Bitcoin from your eToro account to the eToro crypto wallet costs 2% of the amount, with a $1 minimum and a $100 maximum, taken in Bitcoin. These transfer fees can change, so check eToro's current rates before you transfer. Sending Bitcoin from the eToro wallet to a crypto wallet you own has no eToro fee, only the network fee. eToro USA LLC does not charge a withdrawal fee for cash, though your bank may charge a fee to receive the transfer.

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

1. Move Bitcoin to the eToro crypto wallet: Go to "Portfolio," select your Bitcoin position, and open "Edit Trade."

2. Initiate the transfer: Choose the transfer option and follow the on-screen instructions. Review the units, fees, and final amount before you confirm, and check eToro's current minimum transfer amount, which can change.

3. Send to your wallet: Once the Bitcoin appears in your eToro crypto wallet, you can send it to a wallet you own. Double-check the address, since Bitcoin transactions are irreversible. Bitcoin held through CopyTrader or Smart Portfolios can't be transferred.

You can sell Bitcoin from your eToro portfolio. eToro deducts its 1% fee from the proceeds. Here's how:

1. Go to Your Portfolio: Log in 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: Select the Bitcoin position, click "Close Trade," choose whether to close all or part of the position, and confirm.

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. Withdrawals generally return to the original deposit method, and funds deposited via online bank transfer are held for at least 7 days before you can withdraw them.

Buying Bitcoin with US dollars is not a taxable event. You report a gain or loss when you sell Bitcoin, trade it for another asset, or spend it, and you owe tax if there's a gain. Your gain or loss is the sale price minus your cost basis. The 1% fee you pay to buy increases your cost basis, and the 1% fee you pay to sell reduces your proceeds.

If eToro sends you a Form 1099-DA, it should show gross proceeds for 2025 sales and generally not your cost basis. For Bitcoin you buy on eToro on or after January 1, 2026 and hold there until you sell, a 1099-DA should also report your basis. Bitcoin bought before 2026 or moved in from another platform is noncovered, so its basis may be blank.

Moving Bitcoin between wallets or accounts you own isn't taxable, but eToro takes its transfer fee out of your Bitcoin, and Bitcoin used to pay that fee or a network fee counts as a disposition, so you report a gain or loss on those units. Once Bitcoin leaves eToro, eToro no longer tracks its basis, so keep your own records. Report each sale, trade, or purchase made with Bitcoin on your tax return, usually on Form 8949 and Schedule D, whether or not you receive a 1099-DA.