How to Buy Bitcoin on eToro

As cryptocurrencies continue to gain popularity, more people are becoming interested in buying Bitcoin. One platform that allows users to easily buy and sell Bitcoin is eToro. In this guide, we will walk you through the process of buying Bitcoin on eToro, including how to buy and sell Bitcoin, how to use eToro's wallet to store your Bitcoin, and how to send Bitcoin to another wallet.

Table of Content:

1. Introduction 

   How to buy Bitcoin with PayPal on eToro

2. How to Buy and Sell Bitcoin on eToro

3. How to Send Bitcoin on eToro

4. Do You Own Crypto on eToro?

5.  eToro Bitcoin Purchase Limit

6.  eToro Bitcoin Review
   Conclusion

   
   
    

How to Buy and Sell Bitcoin on eToro:

To buy Bitcoin on eToro, you will first need to create an account on the platform. Once you have signed up, you can follow these steps to buy and sell Bitcoin:

Fund your account: You can deposit funds into your eToro account using a variety of payment methods, including bank transfer, credit/debit card, or PayPal. Keep in mind that some payment methods may have higher fees than others.

Find Bitcoin: On the eToro platform, you can search for Bitcoin by typing "Bitcoin" into the search bar. Once you have found Bitcoin, click on the "Trade" button.

Choose your order type: eToro offers two order types: a market order and a limit order. A market order will buy or sell Bitcoin at the current market price, while a limit order allows you to set a specific price at which you want to buy or sell Bitcoin.

Set your trade amount: You can choose how much Bitcoin you want to buy or sell on eToro. Keep in mind that there may be minimum and maximum trade amounts, depending on your account level.

Confirm your trade: Once you have reviewed your trade details, click on the "Open Trade" button to confirm your purchase or sale.

How to Buy Bitcoin on eToro with PayPal:

If you want to buy Bitcoin on eToro using PayPal, follow these steps:

Link your PayPal account: To link your PayPal account to eToro, go to the "Deposit Funds" page and choose PayPal as your payment method.

Deposit funds: Enter the amount you want to deposit and follow the prompts to complete your deposit.

Buy Bitcoin: Once your funds have been deposited, you can follow the steps above to buy Bitcoin on eToro.

How to Buy Ethereum on eToro

If you are interested in buying Ethereum on eToro, the process is very similar to buying Bitcoin. Simply search for "Ethereum" on the eToro platform, choose your order type, set your trade amount, and confirm your trade.

How to Use eToro's Wallet to Store Your Bitcoin

eToro also offers a built-in wallet that allows you to store your Bitcoin and other cryptocurrencies on the platform. To use eToro's wallet, follow these steps:

Go to the "Portfolio" tab: Click on the "Portfolio" tab to see your holdings on eToro.

Choose your cryptocurrency: Click on the cryptocurrency you want to store in your eToro wallet.

Click on "Send to Wallet": Once you are on the cryptocurrency's page, click on the "Send to Wallet" button.

Confirm your transfer: Follow the prompts to confirm your transfer to eToro's wallet.

How to Send Bitcoin on eToro

If you want to send Bitcoin from your eToro wallet to another wallet, follow these steps:

Go to the "Portfolio" tab: Click on the "Portfolio" tab to see your holdings on eToro.

Choose your cryptocurrency: Click on the Bitcoin you want to send.

Once you have selected the payment method, click on "Buy" to complete the transaction. The purchased cryptocurrency will appear in your eToro wallet within a few minutes.

How to Send Bitcoin on eToro

If you want to send Bitcoin from your eToro wallet to another wallet, you can do so by following these steps:

Log in to your eToro account.
Click on "Portfolio" and select the cryptocurrency you want to send.
Click on "Send" and enter the recipient's wallet address.
Enter the amount of Bitcoin you want to send and review the transaction details.
Click on "Send" to complete the transaction.
It's important to note that eToro charges a small fee for sending cryptocurrency to another wallet. The fee varies depending on the cryptocurrency and the amount you want to send.

Do You Own Crypto on eToro?

When you buy cryptocurrency on eToro, you are not actually buying the underlying asset. Instead, you are buying a contract that tracks the price of the asset. This means that you do not actually own the cryptocurrency and cannot transfer it to another wallet.

However, eToro does offer a cryptocurrency wallet where you can store your purchased cryptocurrency. You can also use the wallet to send and receive cryptocurrency from other wallets.

eToro Bitcoin Purchase Limit

eToro has a minimum purchase amount of $25 for Bitcoin and a maximum purchase amount of $50,000 per transaction. The maximum amount you can purchase in a 24-hour period is $100,000. These limits may vary depending on your account verification level.

eToro Bitcoin Review

Overall, eToro is a reliable and user-friendly platform for buying and selling cryptocurrency. The platform offers a wide range of payment options, including PayPal and credit/debit cards, making it easy to buy Bitcoin and other cryptocurrencies.

eToro also offers a cryptocurrency wallet where you can securely store your purchased cryptocurrency. The platform charges a small fee for buying and selling cryptocurrency, but the fees are competitive with other cryptocurrency exchanges.

Conclusion

If you're looking to buy Bitcoin or other cryptocurrencies, eToro is a great option. The platform is user-friendly and offers a wide range of payment options, making it easy to buy and sell cryptocurrency. Additionally, eToro offers a secure cryptocurrency wallet where you can store your purchased cryptocurrency.

We hope this guide has helped you understand how to buy Bitcoin on eToro. If you have any questions or comments, feel free to leave them below.