How To Buy Bitcoin On eToro App? (Beginner’s Guide)

Updated On 06 March, 2024 

Buy bitcoin on eToro: eToro was founded in 2007 (16 years ago) with the visual perception of enabling users of different continents to trade and invest in a simple and transparent way.

And today, eToro is the world’s leading social trading feature platform with US$1.2 billion in revenue, reported by Wikipedia.

eToro journey is itself inspiring, the company caters uncounted number of achievements and innovations in the context of crypto portfolio.

In general, eToro’s legal entities are registered in the UK, US, Australia, and Cyprus. Its operations are regulated by the CySEC authority in the European Union.

So, if you’re searching for eToro… the chances are that you want to trade in bitcoin.

Beginner’s Guide To Buy Bitcoin on eToro

Well, there are plenty of platforms to buy bitcoin and other crypto coins safely and secure. Out of many, eToro is a safe and trader’s choice platform for buying bitcoin.

Here’s how to buy bitcoin on eToro:

Create an account

Whether on a mobile app or desktop site, create an account by choosing a username and password. You also need to provide your email address. Always create a strong passcode to avoid identity theft.

Later, after creating an account. Account verification is the next step to be done. eToro is a legit platform, therefore, your verification of your identity is important here.

Add funds

Depositing funds into your etoro account is easy and just a task of a minute. To add funds, navigate to the menu bar on the left-hand side and choose “Deposit Funds”

Now, choose which fiat currency you want to deposit with and on the next step, define your payment details and click deposit. Upon completion of the action, funds will deposited in your etoro account.

Buy Bitcoin

There are two methods to buy bitcoin on eToro – “Trade ” and “Order”. The former refers to buying bitcoin at its current price. The latter defines automatically buying bitcoin once its value reaches a predetermined level.

Navigate to the Bitcoin page and click “Invest.” Choose your preference method to buy Bitcoin between “Trade” and “Order.” However, both are trouble-free options.

Transfer to crypto wallet

You can use eToto crypto wallet to store your bitcoin there. However, this step is optional, but for added security, you can consider it.

If you consider, you need to download the eToro crypto wallet. Navigate to the portfolio section and select “Transfer to Wallet.”

Good luck with your first bitcoin purchase through eToro.

How Much Does It Cost To Buy Bitcoin on eToro?

It cost you 1% of the quoted purchase price. Additionally, cash out your bitcoin also has a fee of 1% on eToro.

According to the eToro website, ‘a fee of 1% is calculated for buying or selling crypto assets on eToro.’

However, it’s general to observe that crypto transactions including funds, incur a fee and these fees vary depending on each blockchain provider.

Can I Buy Bitcoin With A Debit and Credit Card On eToro?

Yes, traders can buy a whole of bitcoin or a fraction using a debit and credit card on eToro.

Here’s how to buy bitcoin with a debit or credit card:

• Sign up and verify your account.
• Link and verify your debit or credit card.
• Purchase bitcoin and pay through a newly added debit/credit card.

Adding a debit card and using it to purchase a fraction of bitcoin on eToro cater several advantages. Be it incredibly straightforward, on-the-go buying flexibility, or ensuring high-level of security.

How To Buy Bitcoin With PayPal?

Yes, it’s true that traders can purchase bitcoin on eToro using PayPal. But it’s not free of cost.

Depositing funds using PayPal is free but withdrawals have a $5 fee and $30 for cashout fee.

You can buy bitcoin (BTC) using PayPal in five steps:

• Create an account at eToro and log in.
• ]Navigate to the Cryptocurrency page.
• elect bitcoin and choose the investing module.
• Enter the amount you’d like to buy.
• Click “Deposit” and pay through PayPal.

Now you understand how to purchase bitcoin with PayPal.

In between payment problem can occur sometime depending on the payment methods. If you are facing any problem either in completing payment or have any questions, traders can chat to the eToro’s chatbot available for 24/7 and Live Chat to interact with experts in real time. That’s all in this blog. I hope you learned how to buy bitcoin on eToro app.

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