eToro Review: How To Buy Bitcoin and Other Crypto on Etoro Wallet
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Bitcoin (BTC) is a cryptocurrency, or virtual currency, designed to act as money and a form of payment independent of any single person, group, or entity, thereby eliminating the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for their efforts in verifying transactions and can be purchased on a number of exchanges.
It is one of the world’s fastest-growing assets, but you won’t find it in many traditional stock brokerages. However, there is good news for people all over the world, as it has been reported that you can buy Bitcoin through eToro, which is an Israeli social trading and multi-asset investment company that focuses on providing financial and copy trading services; as well as one of the leading online brokers and crypto exchanges.
Many people have asked for a quick guide on how to buy Bitcoin with eToro, and in this article we will show you six simple steps. But, before we go any further, you should be aware that, unlike some cryptocurrency sites or platforms, you must first sign up before making a purchase.
WHAT IS ETORO?
eToro is a social trading platform and multi-asset investing firm. eToro is based in Israel and specializes in offering financial and copy trading services. The corporation has registered offices in Cyprus, the United Kingdom, the United States, and Australia in addition to its headquarters in Central Israel.
IS ETORO SAFE AND TRUSTED?
eToro is one of the safest options available, as it is regulated by several top-tier financial authorities and also supports other security measures such as 2FA and DDoS protection. The eToro wallet is safe and can be trusted!.
IS ETORO WALLET LEGIT OR SCAM?
Etoro is legit and not a scam. Millions of people worldwide rely on eToro to purchase top cryptocurrencies like bitcoin, etherum, litecoin, and others with no deposit fees. Easily deposit money into and withdraw money from your bank account.
HOW MUCH DOES IT COST TO BUY BITCOIN ON ETORO?
When it comes to buying Bitcoin, eToro has some of the lowest fees of any major crypto exchange. When you buy Bitcoin or any other cryptocurrency on eToro, you will be charged a fee of 1% of the total transaction amount. When you sell Bitcoin, you will also be charged a 1% fee.
Unlike many other cryptocurrency exchanges, eToro does not charge additional fees for using a credit or debit card. This platform, in fact, has no deposit fees. When you send Bitcoin from your eToro account to your eToro Bitcoin wallet, you’ll pay a 0.5% transaction fee (capped at $50).
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ETORO SIGN UP TO BUY CRYPTO AND START INVESTING
Before you can buy Bitcoin or any other crypto on etoro wallet, you must first open an eToro account. to open an eToro account follow this guide;
1. You need to visit the eToro official site www.etoro.com or use the eToro Wallet App. (Download Here) whichever way you choose is fine. App is available for both Android and iOS.
#NOTE : Don’t click on link yet, you need the below info.
2. click on “start investing“, then you’ll be taken to the sign up page. Where you can sign up with your Google account, your Facebook account or normal personal information.
3. Enter your email address, then select a username and password. Accept their terms and conditions, as well as their privacy and cookie policies.
4. On the next page, enter personal information such as your name, zip code, birthdate, and phone number. Finally, eToro requires you to verify your identity in order to comply with Know Your Customer regulations. Upload proof of ID and address to your eToro trading account to verify it. You must upload a photo of your driver’s license or passport to the platform.
5. Account verification through the eToro crypto app is actually quite simple. Simply upload proof of identity (a passport or other government-issued identification) and proof of address (a recent utility bill or bank statement). Your documents will then be processed by the eToro verification team, which usually takes 24 hours.
6. Make a minimum deposit of at least $10: When you open a new account with eToro, you must make a minimum deposit of $10. You can pay with a Visa or Mastercard credit or debit card, PayPal, Neteller, or Skrill.
HOW TO BUY BITCOIN & OTHER CRYPTO ON ETORO
1. Create a Crypto Wallet
When you buy Bitcoin with eToro, you can keep your coins in your eToro account; Unlike some crypto sites, who do not support using crypto wallet to store coins.
Crypto wallets, on the other hand, are extremely secure and allow you to use your Bitcoin for a wide range of purposes. eToro has its own cryptocurrency wallet, eToro Money, which is available for free download on iOS and Android devices. To connect your eToro Bitcoin wallet to your account, simply install the app on your device and log in with your eToro username and password.
2. Search for Bitcoin
Return to eToro and look for the search bar at the top of the dashboard. Enter Bitcoin or BTC, then click Trade when a new order form appears.
3. Buy Bitcoin
Did you know that you can buy Bitcoin with a bank account using an eToro trading account? Enter the amount of Bitcoin you want to buy in USD. You can also enter a take profit or stop loss level, though these are more commonly used for eToro Bitcoin trading than long-term Bitcoin investment. When you’re ready, click the Open Trade button to begin buying Bitcoin with eToro.
eToro accepts a variety of payment methods and allows you to buy Bitcoin with a credit card with no deposit fees. If you’re interested in purchasing Bitcoin, you should read our article on the best Bitcoin ETFs for 2022.
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IS ETORO THE BEST PLACE TO BUY BITCOIN?
This exchange stands out in a crowded field for a number of reasons;
For starters, eToro offers far more than just Bitcoin. Over 50 popular cryptocurrencies, including Ethereum, Bitcoin Cash, Ripple, Litecoin, and others, are available for purchase and sale. eToro makes it simple to exchange Bitcoin for any of these other coins, giving you access to the larger world of cryptocurrency.
Another advantage of eToro is its low cost. eToro does not charge deposit fees, and there are no additional fees when purchasing Bitcoin with a credit or debit card. When you buy and sell Bitcoin, you will be charged a fixed fee of 1% of the total transaction amount.
While eToro is user-friendly for beginners, it also has some powerful trading tools. Experts will provide you with customizable technical charts and in-depth analysis of the crypto market. Furthermore, eToro includes a social network where you can connect with other Bitcoin investors and learn what they think about where this cryptocurrency is headed next.
The copy trading tools on eToro are perhaps its most distinctive feature. You can set aside a portion of your portfolio to mimic the moves of another trader, including Bitcoin traders, with copy trading. If you want to get started with eToro Bitcoin trading but don’t know where to begin, copy trading simplifies the process.
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