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eToro Bitcoin Trading Review 2024

Last Updated on 24/03/2024
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The Latest eToro Bitcoin Traders Review

Can you buy Bitcoin on eToro? Yes, you can! Join us as we explain why eToro is easily one of the best trading platforms for buying and selling the original cryptocurrency.

The good news is that it's fast and easy to buy Bitcoin on eToro. You can make trades from a small amount and even total newbies will be able to take their first steps in the crypto marketplace. But what about those trading fees? Keep reading to see why Bitcoin and eToro were made for each other!

eToro
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eToro Forex
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eToro Highlights
  • Wide variety of major USD pairs
  • Up to 1:30 leverage
  • Virtual portfolio available
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

All about trading Bitcoin at eToro

If you want to buy Bitcoin, you’ll have to use a crypto trading platform. We’ve found that eToro is easily one of the best crypto trading platforms and it makes it easy for you to buy Bitcoin. Why’s this?

First of all, eToro is a site you can trust. You can read what happened when we asked, ‘Is eToro legit?’ here, but for now, let’s just say that it’s fully regulated by institutions like the Financial Conduct Authority in the UK, the Financial Industry Regulatory Authority in the US, and so on. All of which means that eToro isn’t just going to run off with your deposits unlike some of those scam crypto trading sites.

Secondly, eToro is a major player in the crypto trading realm. You can come here and know you’ll get a fair price for everything from Bitcoin to Ethereum, Litecoin, Bitcoin Cash, Cardano, Dash and so on. What’s best is that you can use a bunch of different payment methods for buying Bitcoin here.

Finally, eToro even gives you access to a free mobile crypto wallet where you can store your Bitcoin assets after you’ve bought them. Sounds good, right? Then let’s take a closer look at what you actually need to do to buy Bitcoin at eToro!

How to buy Bitcoin on eToro

There are different ways to buy Bitcoin at eToro. Here’s what you need to do:

Sign up to eToro

First of all you’ll have to hit the Join Now button at the top of the eToro site to start the signing up process. This means giving eToro your email address and then coming up with a password and username. Then you just have to enter in other personal details like your name, date of birth, telephone number and home address.

Verify your eToro account

You won’t be able to buy Bitcoin at eToro unless you verify your account. Thankfully this is simple as you just have to provide a scan of some kind of government-issued ID. This could be something like a passport or a driver’s license. Once you send this off, you should have your eToro account verified in under 24 hours. 

Make a deposit

Obviously, you’ll have to make a deposit to buy Bitcoin at eToro. You can do this with payment providers like Visa, Mastercard, PayPal, Neteller and Skrill. The minimum deposit amount is just $10, although this goes up to $500 if you make a deposit with a regular bank transfer. 

Get your crypto wallet

You’ll have to have somewhere to store your Bitcoin assets. Thankfully, eToro has a cool mobile crypto wallet called eToro Money that you can download to your iOS or Android device. This will give you a secure and flexible way to store your Bitcoin from the convenience of a smartphone or tablet. 

Browse the crypto markets

There are lots of different cryptos featured at eToro, but it’s easy to find the Bitcoin assets that you want to buy. All that you have to do is to type in Bitcoin or BTC in the search box at the top of the screen and you can begin the purchasing process by hitting Trade. 

Execute your Bitcoin purchase

Finally, you’ll see the Bitcoin price, and then you can enter how much of the cryptocurrency you want to buy. Thankfully, you can buy Bitcoin in fractions which is pretty handy given the current trading price of a single BTC. Just hit Open Trade and you’ll have successfully bought Bitcoin at eToro!

Fees for trading Bitcoin at eToro

If you go to the eToro site, you’ll probably see some kind of statement like, ‘We take zero commission and charge zero hidden fees.’ While this is an admirable claim, it doesn’t mean that it won’t cost you anything to buy Bitcoin at eToro. This is because there is a standard fixed fee of 1% for each time you buy or sell Bitcoin.

But it doesn’t stop there. This is because you’ll pay a further fee of 0.5% for sending your Bitcoin purchase to your eToro wallet. Plus when you factor in the $5 withdrawal fee, you’ll see that it’s anything but free to trade Bitcoin at eToro.

Thankfully, these fees are easily some of the most competitive that you’ll see at any crypto exchange, and we loved the fact that there aren’t any deposit fees. Plus we have to remember that it is these fees that help eToro stay in business meaning that we get a relatively cheap way to buy the world’s biggest crypto.

eToro
4.5/5
eToro Forex
Go to eToro
eToro Highlights
  • Wide variety of major USD pairs
  • Up to 1:30 leverage
  • Virtual portfolio available
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Why eToro is so good for crypto trading

There’s so much to recommend about the crypto trading service at eToro. We could go on about things like the free crypto wallet and the speedy eToro withdrawal time, but the basic fact is that you can buy, sell and trade Bitcoin here in a safe and easy way.

Alongside Bitcoin, there are dozens more cryptos to consider trading. This means that you’ll have an easy way to build up a much more balanced portfolio by investing in everything from Ethereum, Litecoin and Dogecoin to stablecoins such as Tether. When you factor this in with some low fees and a bunch of other analytical tools and indicators, it’s easy to see why so many people come to eToro for their crypto trades.

Plus we should note that there are many other cool features like the CopyTrader service that basically lets you copy the trades of the best eToro traders. All of which means that eToro is definitely worth checking out if you have any interest in crypto trading.

Conclusion - Check back for more about Bitcoin at eToro

By now you’ll realize that eToro is the perfect site for buying and selling Bitcoin. However, it’s worth noting that things do change and so you should check back to this page to see if eToro changes anything about its Bitcoin purchase process. But for now, we think that eToro is perhaps the ultimate Bitcoin exchange platform. Why not give it a try?

Bitcoin eToro FAQ 

❓What is the eToro Bitcoin price?

Make sure that you read our guide to see what kind of price you get when you buy Bitcoin on eToro. Plus we’ll answer all of those important questions like, ‘How much do eToro charge?’ when they let you buy cryptocurrencies like Bitcoin. All of which should help you decide whether you should carry out your crypto trades at eToro.

👀How do I send Bitcoin on eToro?

Check out our guide that shows you just how easy it is to send Bitcoin at eToro. Our guide will walk you through the steps you need to take to send the cryptocurrency and we’ll also let you know what kinds of fees, processing times and limits you might be up against. After all, there’s an eToro withdrawal fee, so we’d imagine that there’s a fee for sending Bitcoin.

💰Can you buy Bitcoin on eToro with a credit card?

Read our guide to see if you can buy Bitcoin on eToro with a credit card or whether you have to use an alternative payment option. Remember that we’ll also show you other important factors in buying cryptocurrencies such as what the eToro minimum investment is and much more.

💵 What are the eToro Bitcoin fees?

Be sure to read our guide to see what fees there are when you trade Bitcoin at eToro. Sadly fees are just part of the costs of trading and you should also pay attention to what kind of eToro capital gains tax you might be up against. Thankfully our guide is here to make sense of these costs so that you can factor them into your trades.

⚡Does eToro let you buy Bitcoin with PayPal?

PayPal is one of the most popular payment methods, but not all trading platforms take this ewallet. So read our guide to see whether you can buy Bitcoin on eToro with PayPal. Failing that, we can reveal what the eToro alternative payment options are so that you get a safe, easy and fast way to buy the world’s biggest cryptocurrency.

eToro is a multi-asset platform that offers investing in stocks and cryptoassets as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. The trading history shown is less than 5 complete years and may not be sufficient to form the basis of an investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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