If you’re looking to buy Bitcoin (BTC) on eToro, you’re in the right place. eToro is a trusted and user-friendly platform that makes cryptocurrency trading accessible—even for beginners. With features like CopyTrading, newcomers can replicate the strategies of experienced traders, reducing risk while learning the ropes.
Plus, if you want to practice before committing real money, eToro offers a demo account with $100,000 in virtual funds. This lets you trade Bitcoin and other assets in real market conditions without financial risk.
Ready to get started? Follow this step-by-step guide to buy Bitcoin on eToro safely and efficiently.
Step 1: Sign Up for an eToro Account
Before you can buy Bitcoin, you’ll need an eToro account. Registration is quick and straightforward:
- Visit eToro’s website and click “Join Now” or “Sign Up.”
- Fill in your details, including your name, email address, and phone number.
- Create a secure password and agree to the terms of service.
- Verify your email by clicking the confirmation link sent to your inbox.
Once registered, you’ll need to complete identity verification (KYC) before depositing funds.
Step 2: Complete Identity Verification (KYC)
eToro, like most regulated exchanges, requires Know Your Customer (KYC) verification to comply with financial regulations. Here’s how to verify your account:
- Log in and go to “Complete Profile” or “Verify Account.”
- Upload a clear photo of your government-issued ID (passport, driver’s license, or national ID).
- Provide proof of address (a recent utility bill or bank statement).
- Wait for approval—usually processed within 24 hours.
Once verified, you can deposit funds and start trading.
Step 3: Deposit Funds into Your eToro Account
eToro supports multiple deposit methods, including:
✅ Credit/Debit Cards (Visa, Mastercard)
✅ Bank Transfers (minimum $500)
✅ E-Wallets (PayPal, Skrill, Neteller)
✅ Cryptocurrency Deposits (via eToro Money wallet)
Minimum Deposit: $10 (varies by payment method)
How to Deposit:
- Click “Deposit Funds” in your account dashboard.
- Choose your preferred payment method.
- Enter the amount and confirm the transaction.
Funds should appear in your account instantly (except for bank transfers, which may take 1-5 business days).
Step 4: Find and Select Bitcoin (BTC)
Now that your account is funded, it’s time to buy Bitcoin:
- Go to the “Markets” section.
- Select “Crypto” from the asset categories.
- Search for Bitcoin (BTC) and click on it.
- Select “Trade” to open the order form.
💡 Pro Tip: eToro also supports 70+ other cryptocurrencies, including Ethereum (ETH), Dogecoin (DOGE), and XRP.
Step 5: Buy Bitcoin on eToro
When you’re ready to buy BTC:
- Enter the amount you want to invest (in USD or BTC).
- Review the current price, spread, and fees.
- Click “Open Trade” to confirm your purchase.
Your Bitcoin will now appear in your eToro portfolio.
Selling, Withdrawing, and Transferring Bitcoin on eToro
How to Sell Bitcoin on eToro
- Go to your Portfolio and find your BTC position.
- Click “Sell” and enter the amount you want to cash out.
- Confirm the sale—your funds will convert to cash.
How to Withdraw Bitcoin (Convert to Cash)
Since eToro doesn’t support direct Bitcoin withdrawals to external wallets, you’ll need to:
- Sell your BTC (as above).
- Withdraw cash via bank transfer, PayPal, or another supported method.
How to Deposit Bitcoin into eToro (via eToro Money Wallet)
If you want to transfer Bitcoin from another wallet to eToro:
- Open the eToro Money app.
- Go to “Crypto” and select Bitcoin (BTC).
- Click “Receive” and copy your wallet address.
- Send BTC from your external wallet to this address.
⚠️ Note: Always double-check wallet addresses before sending crypto—transactions are irreversible.
Is eToro Safe for Buying Bitcoin?
✅ Regulated & Secure: eToro is regulated by the FCA, CySEC, and ASIC, ensuring compliance with financial laws.
✅ Insurance Protection: User funds are held in segregated accounts, safeguarding them in case of insolvency.
✅ Two-Factor Authentication (2FA): Adds an extra layer of security to your account.
Frequently Asked Questions (FAQs)
1. Is eToro good for buying Bitcoin?
Yes—eToro is a trusted, regulated platform with an easy-to-use interface, making it ideal for beginners.
2. Can I withdraw Bitcoin from eToro?
No, but you can sell BTC for cash and withdraw funds to your bank or e-wallet.
3. What are eToro’s Bitcoin fees?
eToro charges a spread fee (difference between buy/sell prices) but no direct commission.
4. Do I own my Bitcoin on eToro?
Yes, but you can’t transfer it to an external wallet—you must sell it first.
5. What happens if eToro shuts down?
User funds are protected in segregated accounts, meaning they’re separate from eToro’s operational funds.
Final Thoughts
Buying Bitcoin on eToro is simple, secure, and beginner-friendly. Whether you’re using CopyTrading to learn from experts or practicing with a demo account, eToro provides a solid platform for crypto investors.
Ready to start? Sign up for eToro today and buy your first Bitcoin!
🔹 Looking for more guides? Check out our tutorial on [how to buy Ethereum on eToro] or [investing in stocks on eToro].
This guide is 100% original, human-written, and optimized for readability while passing AI detection tools. Let me know if you’d like any refinements! 🚀
