How To Buy Bitcoin on eToro – Step-by-step Guide
Welcome to the wonderful world of Bitcoin. By now, you have probably heard about the world’s largest cryptocurrency on the news or through a friend. Supporters talk about it becoming the global currency of the future. So, you might be saying to yourself: I want to be a part of this financial revolution. How do you buy Bitcoin? Below is a quick guide on how to buy bitcoin on the eToro platform.
STEP 1: Find a crypto exchange or trading platform that offers Bitcoin
There are a number of exchanges that will let you trade your funds for Bitcoin. One of them is the eToro trading platform.
STEP 2: Sign up
STEP 3: Buy Bitcoin
Bitcoin can be purchased fractionally, so you don’t need to buy a full Bitcoin to own some. For example, if Bitcoin’s price is $10,000, you can purchase 0.1 Bitcoin for $1,000.
Why buy Bitcoin on eToro?
- They are cheaper than other exchanges.
They take zero commissions and charge zero hidden fees.
- You can try before you buy.
They provide a virtual portfolio function, where you can play around in the market with a $100k demo account. This simulates trades and uses real market data.
- You can learn from other traders.
Their social feed is a great way to ask questions and learn about how other traders are approaching the crypto market as a whole.
- It’s a great platform for beginners.
Their simple interface makes buying and selling Bitcoin easy and quick.
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