How to buy bitcoin on Etoro App (Complete Guide 2024)?

Bitcoin is the next generation currency and those who don’t know about it much might have to grab its operation sooner or later. It is a decentralized Cryptocurrency and has gained everyone’s attention in terms of its offerings which does not just include the monetary benefit but also the security and transparency one can have when transacting with a bitcoin.

Out of all the platforms where Bitcoin is purchased and sold, eToro app is one of the most profitable platforms people have found so far.

The platform is extremely user friendly and has quite effective features that work well for even those who are new to such platforms or even bitcoins. There is absolutely no need for personal wallet creation which is itself a complicated process, according to many. You also would not need to have any kind of technical knowledge to start making investments through this platform.

Steps to buy bitcoins from the eToro app platform.

Steps are simple and completely doable and all you need to do is find out more about the steps here by staying with this article throughout.

1. Set up your eToro account

• Visit the e-Toro website from your browser and then click on the Join Now or Sign up option.
• On doing so, your account initiation process will begin.
• Add your personal details like name, email address, and create a password.
• Read through the terms and conditions and also read the privacy policy carefully.
• After you click on the register tab, you will get an email on the email address you have used to create the account.
• Click on the email verification link that you get on your email and then complete your profile.
• Add your birth date details, phone number, country of residence, and secure a trading account by complying with their regulatory requirements.
• Verify your account by submitting your identity proof and address proof. You could submit a passport or driver’s license and utility bill or bank statement

Also Check:- How to send bitcoin on Etoro App (Complete Guide)?

2. Deposit Funds using any of the below-mentioned payment methods.

You can either use a credit card, debit card, bank transfer option, or e-wallets.

2. Use the next set of steps to deposit funds in your account

• Start the process by logging into your eToro app account.
• Click on either the deposit fund or deposit tab and choose the preferred method of payment from them.
• Enter essential details like bank account information or card details.
• Choose the deposit amount you want to make to your account and click on the Deposit tab.
• If your payment method is different from the usual, you might have to provide additional verification details on the same.

3. Search Bitcoin from the search bar

• Click on the Trade tab to navigate to a new page.
• Place a buy order option and then acquire bitcoins.
• Click on the invest option to start the process.
• You will get two choices in front of you- trade or order.
• If you choose trade as an option, you will be allowed to purchase bitcoins at its current market value.
• Similarly, if you select the order option, you will have the option to buy a predefined order value bitcoin.
• From the purchase tab, place the amount of bitcoins you wish to buy and then review the details.
• Confirm the order by clicking on the Buy tab.

FAQs (Frequently Asked Questions)

How much time before you can purchase a bitcoin on eToro?

It can take a minute to an hour and depends on how fast you create an account, deposit funds and purchase the bitcoin.

Two types of orders to place on eToro for Bitcoin purchases?

Limit order and market order are the two types of orders one can place on eToro app for purchasing bitcoins.

Conclusion

If you want to know more about the eToro platform, quickly read the details from here and set out to create your account for purchasing and selling bitcoins through the platform.