With the popularity of cryptocurrency, the name of bitcoin first came to the fore. Bitcoin is online money that isn't controlled by any company or government. It's made from computer code and can be used for online transactions or to buy things on the internet, just like using dollars or euros.
eToro is a Growing Social trading Platform which is founded in Israel in 2007.They are well known for their Copy Trading Feature, which allows users to copy the trades of experienced traders automatically. eToro Platform also has paper trading where you can practice investing in real market conditions with $100,000 of virtual money.
HOW TO CREATE ACCOUNT ON ETORO :
To buy bitcoin on eToro platform ,firstly you have to create an account on eToro. If already have eToro account then login with that account . If you have not eToro account then you have to create a new account. So, to create account on eToro follow the following steps :
- Visit the eToro site or download eToro's mobile app
- Click the Start Investing button
- Enter a unique username, your email address, and password
- Check the boxes after reading the terms and condition and then Click Create Account.
- Verify your email address using the link provided
- Complete your profile on eToro by providing the necessary personal information.
eToro is safe platform and askfor personal information in order to comply with national regulations like Anti-Money Laundering (AML) or Know Your Customer (KYC) policies. All of these things are just to protect you , so don't feel uncomfortable providing what they ask for.
BUYING BITCOIN : STEP-BY-STEP GUIDE :
Investing in Bitcoin through eToro is simple. eToro helps you by showing how other experienced people trade, so you can learn. Just be careful and do your research before putting your money in.But before buying Bitcoin you have to full fill the following requirements Otherwise you can't buy bitcoin on eToro :
- You should have an account on eToro.
- Verify your account by providing your ID and proof of address (verification may take a couple of days).
- Fund your account from which you will buy Bitcoin. eToro requires a minimum of $10.
eToro is open 24 hours in all 7 days of week and filled in a matter of minutes. Buying bitcoin on eToro can be done by three ways on the basis of different Payment method you prefer :
- With Debit or Credit Card
- With a Bank Account
- With PayPal
Buy Bitcoin on eToro with Debit /Credit Card :
After creating account on eToro , Just Follow the Given Steps to Buy Bitcoin on ETORO with Debit /Credit Card :
- Link your debit or credit card : Click on "Deposit Funds" on the eToro app or website and follow the instructions provided to link a card to your eToro account.
- Search For Bitcoin : Type in "Bitcoin" or "BTC" in the eToro platform
- Start the trade : Click on the "Trade" button and Enter how much you want to buy, either in Bitcoin or BTC or Dollar on the app or website.
- Recheck your purchase : Before finalizing the transaction, make sure all the details are correct by rechecking the details.
- Complete the trade : Now To Buy The Bitcoin , Click the "Buy" button. The Bitcoin you ordered will be transferred into your eToro account.
Buy Bitcoin on eToro With Bank Account :
If you don't want to buy with Credit/Debit Card, you have another option to buy with bank account. Just Follow the Given Steps to Buy Bitcoin on ETORO With a Bank Account :
- Link your bank : Click on "Deposit Funds" and follow the instructions provided to link bank to your eToro's account.
- Search For Bitcoin : Search For Bitcoin by typing "Bitcoin" or "BTC" in the eToro platform
- Start the trade : Click on the "Trade" button and Enter how much you want to buy, either in Bitcoin or BTC or Dollar in the app or their website.
- Recheck your purchase : Before finalizing the transaction, make sure all the details are correct by rechecking the details.
- Complete the trade : Now To Buy The Bitcoin , Click the "Buy" button. The Bitcoin you ordered will be transferred into your eToro account.
Buy Bitcoin on ETORO With a PayPal Account :
For those who can't buy bitcoin by using their Debit/Credit Card , Paypal will be there for them as an excellent option to buy. So, Just Follow the Given Steps to Buy Bitcoin on ETORO With a Paypal Account :
- Link your PayPal account: Click on "Deposit Funds" on the eToro and Follow the required instructions provided to link your PayPal account to your eToro account.
- Search For Bitcoin : Search For Bitcoin by typing "Bitcoin" or "BTC" in the eToro platform
- Start the trade : Click on the "Trade" button and Enter how much you want to buy, either in Bitcoin or BTC or Dollar in app or their website.
- Recheck your purchase : Before finalizing the transaction, make sure all the details are correct by rechecking the details.
- Complete the trade : Now To Buy The Bitcoin , Click the "Buy" button. The Bitcoin you ordered will be transferred into your eToro account.
ETORO FEES :
eToro's fees are generally not too high. Some service of eToro such as stock trading are free of cost, while remaining other are at a relatively low fees. This comes with a result that eToro does not charge high cost from their user but charges a low price. This eToro's Charge different fees on different asset as :
- S&P 500 CFD : The fees are built into the spread, 0.75 points is the average spread cost during peak trading hours.
- Europe 50 CFD : The fees are built into the spread, 3 points is the average spread cost during peak trading hours.
- EURUSD : The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
- Inactivity fee : $10 per month after one year inactivity. Inactivity Fees is charges when account not logged in earlier.
IS ETORO GOOD FOR BEGINNERS :
Now some have also a question that eToro a good platform for a beginner . The answer will yes because of the following facility that eToro provides to its user :
- Cheaper than other exchanges : eToro take zero commissions and charge zero hidden fees.
- You can try before you buy : eToro provide a virtual portfolio function, where you can play around in the market with $100k in fake money. This checks the trades and uses real time market data.
- You can learn from other traders : eToro's social feed is a great way to ask questions and learn about how other traders are approaching the crypto market as a whole.
- Simple interface : eToro's simple interface makes buying and selling bitcoin easy and quick.
Bitcoin on eToro FAQs :
1. What Are Alternatives Of eToro?
- Active Trader Pro
- thinkorswim
- E*Trade Web Platform
- TradingView
- Binance
- Robinhood
- Interactive Brokers
- Coinbase
2. How To Buy Apple Stocks on eToro ?
You can buy Apple stocks on the eToro app by following these steps:
- Create an eToro account.
- Complete your eToro profile.
- Fund your eToro account.
- Search for "Apple" or "AAPL" in the search bar.
- Click the "Trade" button.
- Buy Apple stocks.
- Monitor your AAPL stock performance.
You can buy Apple stocks on eToro with 0% commission. Apple is listed on NASDAQ, but you can buy or sell stocks through a broker like eToro
3. How Buy Ethereum in eToro ?
To buy Ethereum on eToro, you can follow these steps:
- Create an account on eToro
- Verify your account
- Deposit funds into your eToro account
- Choose your preferred payment method
- Select Ethereum as your desired crypto asset
- Select the amount you wish to buy Ethereum for
- Select the debit card as the preferred payment method
- Place an order to buy Ethereum on eToro
You can also buy Ethereum through mainstream brokerage platforms like Robinhood or Paypal.
4. eToro Customer Service ?
eToro does not have any customer service number or email .They have a Help Centre Page for those who have problems in using or related to eToro. The quickest way to get answers to your questions is to use their Help Center, where you'll find information on everything from Copy Trading to deposits and withdrawals.
5. Does eToro Pay Dividends ?
Yes, Dividends are usually received by people who own real shares in companies through regular stock investing. eToro pays dividends on instruments including Stocks, ETFs, Real Assets and Indices that pay a dividend But eToro might not give you dividends like regular stocks.
6. Is eToro Available Worldwide?
eToro is unavailable in 133 countries. Some of the countries that are restricted from using eToro include:
- Japan
- Canada
- Turkey
- Hong Kong
- Iceland
- Portugal
- Taiwan
eToro is also restricted for US citizens who live outside of the United States. US residents can use the eToro US platform, but they are limited to cryptocurrency trading.
eToro is available in over 140 countries across Europe, Asia, Africa, Oceania, and the Americas.
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