April 21, 2022

Buy Bitcoin with eToro

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eToro is a popular platform for trading stocks and crypto. But how exactly do you buy Bitcoin with eToro? Read on to learn all you need to know.

Ready to buy Bitcoin? While some exchanges don't offer this popular coin, the good news is that it's easy to trade on eToro.

So how do you buy Bitcoin on eToro? And how does it work for debit, credit, and PayPal purchases?

In this guide, learn how to buy Bitcoin on eToro and what you can expect from the process.

How much Bitcoin can you buy on eToro? eToro has a minimum trade size of $10 for crypto, including Bitcoin. If you wish to buy Bitcoin via eToro's CopyTrading feature, you'll need to deposit a minimum of $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 allows users to 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

Now let's cover what you really want to know: how to buy Bitcoin on eToro. Review the quick steps first and continue reading below for the in-depth walk-through.

How to Buy Bitcoin on eToro
  1. Create an account with eToro.
  2. Verify your account by providing your ID and proof of address (verification takes a couple of days).
  3. Fund your eToro account; eToro requires a minimum of $10.
  4. Search for Bitcoin on the eToro platform.
  5. Specify the dollar amount of Bitcoin you want to buy.
  6. Review the purchase info and finalize the transaction by clicking Trade.

The process is straightforward, but the details will change slightly depending on your payment method. See how to buy Bitcoin on eToro with your bank account info, debit or credit card, and PayPal below.

Buy Bitcoin on eToro with Debit/Credit Card

You've signed up, your account is verified, and you're ready to make the leap into crypto ownership. Here's how to buy Bitcoin with a debit or credit card on eToro:

  1. First, link your debit or credit card to your eToro account. Find the "Deposit Funds" button on their website or mobile app.

    This will open a window giving you the chance to pick a payment option. If you don't already have any set up, you'll be able set one up.

    Follow the instructions provided to link your debit or credit card to your account.

  2. Then, locate Bitcoin on the eToro platform. Search BTC or Bitcoin in the eToro dashboard.

  3. Then, click the "Trade" button and enter how much Bitcoin you want to buy, either in dollars or in BTC.

  4. Review your purchase before finalizing the transaction.

  5. Finally, if you're satisfied with everything, including the fees that have been applied, click the Buy button.

  6. The Bitcoin you ordered will be transferred into your eToro account.

You won't be able to buy more Bitcoin than you have money for in your account. This prevents you from accidentally purchasing more than you can afford. If you intend to buy more than you currently have deposited, you'll need to add funds before making your purchase.

eToro doesn't charge any clearance fees for credit or debit card purchases.

Buy Bitcoin on eToro with Bank Account

Buying Bitcoin with a bank account via ACH (Automated Clearing House) transfer is actually one of the most widely used approaches to purchasing crypto on popular exchanges like eToro. Here's how to do it:

  1. First, link your bank account to your eToro account. Find the "Deposit Funds" button on their website or mobile app.

    This will open a window giving you the chance to pick a payment option. If you don't already have one, you'll be able set one up.

    Follow the instructions provided to link your bank account to your eToro account.

  2. Then, locate Bitcoin on the eToro platform. Search BTC or Bitcoin in the eToro dashboard.

  3. Then, click the "Trade" button and enter how much Bitcoin you want to buy, either in dollars or in BTC.

  4. Review your purchase before finalizing the transaction.

  5. Finally, if you're satisfied with everything, including the fees that have been applied, click the Buy button.

  6. The Bitcoin you ordered will be transferred into your eToro account.

While not all platforms charge extra fees for credit and debit card purchases, plenty of them charge a premium for the privilege. ACH bank transfers are frequently the cheapest option for buying Bitcoin from an exchange, as well as the fastest.

Buy Bitcoin on eToro with PayPal

For those who prefer not to pay with a credit or debit card, or via bank transfer—as well as for those who are for one reason or another unable to—PayPal is another excellent option for buying Bitcoin on eToro.

The initial steps remain the same. Sign up for eToro and get verified. Once you've done that, here's how to buy your Bitcoin:

  1. Click Deposit Funds on the mobile app or on the desktop site, and choose PayPal as your preferred payment method.

    From there, just follow the on-screen instructions to link your PayPal account to eToro.

  2. Then, locate Bitcoin on the eToro platform. Search BTC or Bitcoin in the eToro dashboard.

  3. Then, click the "Trade" button and enter how much Bitcoin you want to buy, either in dollars or in BTC.

  4. Review your purchase before finalizing the transaction.

  5. Finally, if you're satisfied with everything, including the fees that have been applied, click the Buy button.

  6. The Bitcoin you ordered will be transferred into your eToro account.

There are no fees associated with making deposits and withdrawals on eToro via PayPal, but there is a $5 withdrawal fee for non-U.S. customers, and a minimum withdrawal amount of $30.[2]

How to Sign Up with eToro

Before you buy Bitcoin, you'll need to join the eToro platform. That means setting up an account. Luckily, it's a pretty simple process:

  1. Visit the eToro site or download their mobile app
  2. Click the sign-up or 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

If you've never signed up for a cryptocurrency trading platform or another investing service before, you may be surprised by how much of your personal information is required.

Rest assured, sites like eToro only require this information in order to comply with national regulations such as Anti-Money Laundering and Know Your Customer (KYC) policies. They're designed to protect consumers, and 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.

Bottom Line

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

  • Visa
  • Mastercard
  • PayPal
  • Diners Club International
  • Skrill Moneybookers
  • Neteller
  • Union Pay
  • Web Money
  • Yandex

Among their many options, it's likely that you'll find an option that works for you. Once you do, it's just a matter of depositing your funds and making your purchase. And then you too will be the proud owner of your very own digital currency.

References

  1. ^ "What is the minimum trade size?": eToro, 2022.
  2. ^ "Fees": eToro, 2022.
eToro

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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 USA LLC; Virtual currencies are highly volatile. Your capital is at risk.

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