The world is now ablaze with bitcoin, the first and biggest crypto currency. Its value is sky high and attracts investors from all over the world. If you’re interested in the exciting world of Bitcoin, you might be wondering how I manage to buy it.
eToro is one of the top platforms where you can buy and sell bitcoin. This user friendly platform, although it’s completely new to beginner investors, provides a simple and safe way of investing in bitcoin. We’ll show you the whole buying process on Bitcoin eToro over here, step by step.
Disclaimer: This blog has been designed to inform you, and should not be construed as financial advice. Before you take any investment decision, ask your financial advisor for advice.
What’s the reason you choose eToro to buy bitcoin?
eToro is an excellent option to buy bitcoin for a number of reasons:
- Beginner’s friendly: Even for those who have no previous experience with cryptocurrency trading, the interface of eToro is simple and convenient to use.
- Variety of payment methods: Various ways such as bank transfers, credit cards debit and eWallets can be used for the purpose of funding your EToro account.
- Fractional shares: You’re not required to buy a full amount of Bitcoin. eToro gives you the opportunity to buy fractions of a Bitcoin, making it easily accessible for investors on any budget.
- Copy Trading: Copying the trades of experienced investors can be done on eToro if you are new to investing. This is a great way to learn from the best and potentially make profitable trades.
- Safety: eToro is a regulated platform, dedicated to safety. With them, there’s no risk to your money or personal information.
How to Buy Bitcoin on eToro: A Step-by-Step Guide
- Create an Account
You need to create an eToro account in order to get started. Click the “sign up” button on their website. Please fill in your information and you will be finished with the registration process. Give a government issued identification card and any supporting documents that are required to verify your account. - Deposit Funds
Sign in to your account and click the ‘Deposit Funds’ button when you are verified. Please enter the amount you wish to deposit using your preferred method. For your chosen method, you need to follow the specific instructions. - Buy Bitcoin:
Search for the word “Bitcoin” in the DISCOVER section, and click on ‘BTC‘. To access the Bitcoin page, go to ‘Invest‘. To determine a specific price to be bought at, select “Trade” or “Order” if you wish to purchase it from the current market price. Enter the amount of money that you’d like to invest in Bitcoin, which can be bought with a percentage of bitcoin. Click “Open Trade” or “Set Order” to review the details of your order. - Manage Your Bitcoin:
The eToro portfolio gives you a view of your Bitcoin holdings. Any time on the platform, you’ll be able to make payments or sales of Bitcoin. If you’re planning on holding this longer, think of moving your bitcoin into a dedicated crypto wallet for greater security.
On eToro, the following tips are provided for buying bitcoin:
- Make sure you research Bitcoin: You need to understand its risks, volatility prior to purchasing it. The objectives and risk tolerance of your investments should be taken into account.
- Start slowly: Invest less that you can afford to lose. Bitcoin is an unpredictable asset, and there can be sharp fluctuations in its price.
- Wait: Bitcoin’s an investment for a long time. I’m not expecting a quick rise in wealth.
- Diversify your investment portfolio: Don’t put all the eggs in a single basket. To spread your risk, you should be investing in a number of assets such as bitcoin.
You will be able to purchase Bitcoin on eToro easily, taking the first steps in your crypto investment journey through these steps and tips. Don’t forget that this is not investment advice, and before you make any decisions about investments, do yourself some research.
I’m hoping that this blog will be of assistance in learning how to buy bitcoin through eToro! Please don’t hesitate to share your comments if you have any questions.
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