How to Buy Bitcoin Through eToro?
eToro is a leading copy trading and multi-asset brokerage company. It offers social and financial trading services for clients who wish to copy the portfolios of those who have made big earnings in a certain period. eToro also lets you buy Bitcoin. So, let’s have a look at the answers to some of the basic questions that come into the mind of those looking to buy Bitcoin on the eToro’s platform.
Why Need to Choose eToro for Bitcoin?
In recent times, eToro has become quite famous as one of the best online trading platforms across the world. It became a leading broker within a short period. Based in Cyprus mainly, eToro specializes in stocks, indices, foreign exchanges, commodities, and bonds trading. Since 2017, it has added a lot more cryptocurrencies in its portfolio. Bitcoin is one of the most valuable, famous, and frequently traded assets on eToro. If you choose eToro to buy Bitcoin, then you get the benefits of the ability to trade in some other instruments and instant execution of the market orders. What makes eToro a popular choice of people for buying Bitcoin are the various features it offers. The broker stands out from all its competitors. Another reason to use eToro for Bitcoin is that it has an official cryptocurrency-only trading platform that lets you trade Bitcoin along with other popular crypto assets.
Is It Safe to Buy Bitcoin Through eToro?
Yes, it is completely safe to buy Bitcoin through eToro. eToro was established years ago, which makes it reliable and trustworthy. It is a safe and regulated company that makes it a main player in the Bitcoin trading world. Moreover, eToro takes certain steps to offer security. It is regulated and obeys the guidelines of CySEC and is controlled by FCA in the United Kingdom, ASIC in Australia, and FinCEN in the USA.
Steps to Buy Bitcoin on eToro
eToro makes it very simple to buy Bitcoin for you. Let’s have a look at the steps below:
- Create or sign in to your account on eToro and look for BTC/Bitcoin.
- Choose BTC in the drop-down menu.
- Fund Your Account.
- Click the “Trade” button that comes on the following screen.
- You either can set an order or choose to execute an instant trade.
- Choose the amount of money you wish to invest in Bitcoin or choose the quantity of Bitcoin that you wish to buy.
What Are the Charges to Buy Bitcoin Through eToro?
eToro is different from other trading platforms when it comes to buying Bitcoin as it does not charge fees like others. It charges its fees in traditional manners through having specified spreads. For Bitcoin, the spread is 0.75%. Keep in mind that the fee is subjected to changes without notice and at any time. Ensure to look at the updated spreads before making transactions.