How To Buy Bitcoin On eToro

This guide will teach you how to buy Bitcoin on eToro. Whether you’re a first-time buyer, new to trading, or an expert trader, this blog is a one-stop solution for all. Dive into the endless sea of crypto and Bitcoin trading, and don’t look back.

Let’s get you started with the basic terminologies and then everything you need to know to buy BTC on eToro.

What Is eToro?

eToro is a social trading and multi-asset investment platform founded in 2007. It enables users to trade various financial instruments, including stocks, cryptocurrencies, commodities, and more.

The eToro app is notable for its user-friendly interface. eToro introduced the concept of social trading, allowing users to copy the trades of successful investors.

eToro crypto platform has gained popularity for its innovative features, diverse asset offerings, and a community-driven approach to online trading. Through the eToro trading app, traders learn the thick and thin of the next big thing in trading, digital currency.

How To Buy Bitcoin On eToro As A First-Time Buyer

If you are buying Bitcoin for the first time or are new to cryptocurrency, follow these steps. Learn how to buy Bitcoin on eToro as a first-time buyer. Before you start trading, let’s set up your eToro app.

How To Create Your ID On The eToro App

Go to the eToro website on your browser or download the eToro app on your Android or from the Apple store.
Start your trading journey by clicking on the Join eToro button.
You will be redirected to Create An Account window.
Choose how you want to create your account.

Input your credentials such as your Email, Username and Password.
Tick the boxes of Terms & Conditions and the Privacy Policy.
Click on Create Account.
You will be redirected to a new window again. Verify Your Account by following the prompted instructions on the screen.
Click on Activate Now.
On the next screen, choose your desired options of trading. In this case, click on Crypto and Currencies.
Press Continue.
Next, complete your account by entering details such as your name, address and your date of birth in your profile.
You will go through a series of questions on your screen. Answer them accordingly. Finally, you are able to start Bitcoin trading on eToro.

How To Buy Bitcoin On eToro With A Debit Card

In these steps, you will learn how to buy Bitcoin on the eToro money app using a debit card.

Log In to your eToro application with your credentials.
Next you need to link your debit card to your eToro Bitcoin app account.
Click on the Deposit Funds button and link your debit card in the redirected screen.
Continue with the verification process.
Type in Bitcoin in the Search Bar of your Homepage.
Navigate to Bitcoin and click on Invest.
Purchase the Bitcoin on the current market rate.

You can now easily trade, order and purchase Bitcoin on eToro with your debit card.

How To Buy Bitcoin On eToro Through Your Bank Account

Another safe and secure way to learn how to buy Bitcoin on eToro app is through your bank account. Follow these basic steps and you’ll be done with the purchase in no time.

Once you’ve created your eToro account and registered successfully, you just have to Log In from the app or the browser.
Link your bank account to your eToro account. You will now be able to transfer funds from your bank to eToro app.
Click on Buy next to Bitcoin.
Press Open Trade.
You can check your purchased Bitcoin in your portfolio.

How To Transfer Bitcoin Currency From eToro Platform To E-wallet

Follow these steps and learn how to send Bitcoin from eToro to another wallet of yours.

In the sidebar on your eToro app, click on Portfolio.
Select the crypto you want to transfer.
Go to Open Trades > Click on trade to transfer.
In the next window of Edit Trade, press Transfer To Wallet.
Once you have reviewed your transfer details, click on Transfer To eToro Money Wallet.
You will get a notification about your submitted request and your portfolio will show Pending Transfer.

While you are trading crypto through the e-wallet, it is crucial to keep in mind the eToro Bitcoin purchase limit. You can send up to 50,000USD worth of cryptoassets per transaction and trade for up to 200,000USD/day.

Where Is The Bitcoin On eToro Stored?

The eToro wallet is the best place to store your Bitcoin, especially if you are starting as a beginner. It stores up to 100+ types of cryptocurrencies. With its private key and top-tier security, your Bitcoin is secured safely.

Apart from the eToro wallet, you can store your crypto on the eToro Platform itself.

Is It Safe To Buy Bitcoin On eToro App?

If you are wondering that is it safe to buy Bitcoin on eToro, then be at ease. Not only is it safe to buy Bitcoin, but you can also buy a number of cryptocurrencies without any hesitation.

eToro offers top-tier security and very advanced safety for all of its buyers and traders and everyone on the platform.

Author’s Key Takeaway

This guide intends to offer you a detailed insight on how to buy Bitcoin on eToro app in every possible way. We learn how it’s completely safe and sound to buy BTC on the eToro app. Apart from buying Bitcoin, trading and keeping other cryptocurrencies like Dogecoin is smooth as well. Hope you got what you were looking for in this blog. Keep trading like a pro!