Updated September 10, 2023

Buy Bitcoin with eToro

Read more about eToro
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Want to buy Bitcoin on eToro? Read this easy-to-follow guide to get started.

Getting started in Bitcoin can be a little intimidating in the beginning. But trust us, it's easier than you think.

If you're looking to buy Bitcoin on eToro, we can show you how to buy it.

How much Bitcoin can you buy on eToro?
eToro has a minimum trade size of $10 for crypto, including Bitcoin. If you want to buy Bitcoin via eToro's CopyTrading feature, you'll need to deposit at least $200 and trade a minimum of $1 per copied position.[1]

What is eToro?

eToro is a popular crypto, stock, and ETF trading platform founded in Israel in 2007.

They're well-known for their CopyTrading feature, which lets users automatically mimic the trades of more experienced traders.

As a social trading platform, eToro lets traders learn from one another, share strategies or thoughts on the market, and learn the ropes by observing how experienced traders behave in real-time.

eToro offers other educational features for new and experienced traders alike. This includes a paper trading account where you can practice investing in real market conditions with $100,000 of virtual money.

Is eToro good for beginners? eToro's CopyTrading feature makes it a great option for beginners, especially those who want to hit the ground running. By imitating the trades of successful traders, newbies can make strong, intelligent trades with less of a learning curve.

Buy Bitcoin with eToro

How exactly do you buy Bitcoin on eToro? Check out the quick steps below and continue reading for an in-depth walkthrough.

How to Buy Bitcoin on eToro
  1. Create an account on eToro.
  2. Verify your account by providing your ID and proof of address (verification may take a couple of days).
  3. Fund your account; eToro requires a minimum first deposit of $100.
  4. Search for Bitcoin on eToro.
  5. Input how much Bitcoin you want to buy.
  6. Review the purchase info and finalize the transaction by clicking Trade.

The process is pretty straightforward and easy. eToro is open 24/7 and orders are filled in a matter of minutes. However, smaller details in the process will change depending on the payment method you prefer.

Buy Bitcoin on eToro with a Bank Account

You can buy Bitcoin on eToro via direct ACH bank transfer. Here's how to do it:

  1. Link your bank. Click on "Deposit Funds" on the eToro app or website and follow the instructions provided to link a bank to your account.

  2. Look for Bitcoin. Type in "BTC" or "Bitcoin" in the eToro platform.

  3. Start the trade. Click on the "Trade" button and enter how much you want to buy, either in dollars or BTC.

  4. Review your purchase. Before finalizing the transaction, make sure all the details are correct.

  5. Compete the trade. If everything looks good, including the fees, click the "Buy" button. The Bitcoin you ordered will be transferred into your eToro account.

ACH bank transfers are often the quickest and cheapest option for buying Bitcoin from crypto exchanges.

How to Sign Up with eToro

Before you buy Bitcoin, you'll need to create an account on eToro. Here's how to do it:

  1. Visit the eToro site or download their mobile app
  2. Click the Start Investing button
  3. Enter a unique username, email address, and password
  4. Verify your email address using the link provided
  5. Complete your eToro profile by providing the necessary personal information

Whenever you sign up for any investing service or cryptocurrency trading platform, remember that they'll often ask for a bit of personal information.

eToro only asks for personal information in order to comply with national regulations like Anti-Money Laundering (AML) or Know Your Customer (KYC) policies. These are designed to protect you, so you shouldn't feel uncomfortable providing what they ask for.

Not sure you want to go with eToro? Explore our list of the best eToro alternatives to find the trading platform best suited for your investing needs.

Can You Use eToro as a Bitcoin Wallet?

Need a place to store Bitcoin you've already bought? eToro can help with that too. With the eToro Money app, you can log in with the same credentials you used for the investment platform and use the app as a crypto wallet.

With the eToro Money app, eligible users can transfer crypto from eToro, send & receive crypto from other wallets, and even convert crypto from one asset into another.

Here's how to send Bitcoin via eToro:

  1. Log into your account on the eToro Money app
  2. Click on the "Crypto" icon at the bottom of the screen
  3. Select Bitcoin as the type of crypto you want to send
  4. Tap "Send"
  5. Input how much you want to send
  6. Paste the recipient's wallet address or scan their QR code by tapping on the camera icon
  7. Review the details of the transaction then tap "Send"
  8. Authorize the transaction by typing the SMS code sent to your mobile phone and tap "Verify"

Here's how to receive Bitcoin via eToro:

  1. Log into your account on the eToro Money app
  2. Click on the "Crypto" icon at the bottom of the screen
  3. Select Bitcoin as the type of crypto you want to receive
  4. Tap "Receive"
  5. Copy your eToro wallet address and share it with the person who's sending the crypto or have them scan your QR code

It may take up to five (5) business days to process a transfer from the investment platform to the eToro crypto wallet, not including weekends and national holidays.

Bottom Line

There are many different ways to buy Bitcoin on eToro. In addition to convenient ACH bank transfers, eToro accepts a wide variety of payment providers, including:[2]

  • Neteller (International)
  • Skrill (International)
  • Rapid Transfer (Norway)
  • iDEAL (The Netherlands)
  • Klarna / Sofort Banking (Germany)
  • Online Banking - Trustly (EU region) (Estonia, Finland, Latvia, Lithuania, Norway, Sweden)
  • POLi (Australia)
  • Przelewy 24 (Poland)

With all the options available, it's likely that you'll find an option that works for you. Once you do, all you need to do is deposit funds and make a purchase. From there, you'll be the proud owner of your very own digital currency.

References

eToro
eToro USA LLC and eToro USA Securities Inc.

Deposit $100 and Get $10 from eToro USA LLC

Expires 12/31/2024
For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation
Webull

Up to $100 Transfer Fee Reimbursement

Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.

Uphold

Trade from "Anything to Anything" in Just 10 Seconds

Trade between cryptocurrencies, precious metals, and national currencies.
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

Jeremy Harshman is a creative assistant at CreditDonkey, a crypto comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Virtual currencies are highly volatile. Your capital is at risk. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by the Affiliate, as a partner, using information available and public and not specific to the eToro entity.

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