If you are not living under a rock, you might’ve already heard about Bitcoin. Initially, it was created to enable person-to-person money transfers. But, it became more popular as an investment option, considering its significant price surge in the last decade.

Investing your money in high-return asset classes is one of the best options to get early retirement. And, Bitcoin stands in the first row of all the investments that are considered good. If you are also looking to buy Bitcoin but do not know how and where this is the right article for you. Here, we will walk you through the process of how to buy Bitcoin on eToro, an exchange platform.

How to Buy Bitcoin on eToro?

Step 1 – Register on eToro

As a part of the first step, you need to register on the eToro exchange platform. When we say register on a platform, entering your details goes without saying. Go to the eToro website and click on the “Join Now” option for registering. Then, you need to enter your basic details like your full name, address, email ID, phone number, etc. In this step, you also need to create a strong password for your eToro account.

Step 2 – Verify your eToro Account and Your Identity

The next step is to verify your eToro account either by using your email address or by using a text messaging service. After the platform verifies your account, you must verify your identity as well. For that, you need to upload your documents like a government-issued identity card and an address proof.

The eToro account ensures the security of your information and funds from external factors. And, being one of the reliable exchange platforms, eToro complies with KYC and AML guidelines. To support the platform and avoid any trouble in the future, you must verify your identity and comply with the rules of the platform.

Step 3 – Add Funds to Your eToro Account

The next step in buying Bitcoin on eToro is to add money to your account. Login to your account and click on the “Deposit Funds” option to add money. The eToro platform supports multiple payment options for its customers. They include traditional bank transfers, online payment systems, and credit card or debit card payments.

Before choosing a payment method, read and understand all the details like fees and processing time. Click on your preferred payment method and enter the details like card numbers or bank account details. Next, you must enter the amount you would like to add and confirm the transaction only after verifying all the details.

Step 4 – Buy Bitcoin on eToro

The final step is to search for Bitcoin on the platform and invest your preferred amount in it. For this, you need to go to the “Watchlist” section, which displays all the tokens and other financial assets. Here, you can find Bitcoin at the beginning itself, since it is the largest cryptocurrency by market capitalization.

In case, you cannot find Bitcoin, search for it in the search bar. Now, the Bitcoin page will be displayed, where you can see all the details about this crypto. You can see the price trends and how the coin is performing, its market analysis, etc. Now, click on the “Buy” option to proceed with buying Bitcoin.

The next page prompts you to either enter the no. of units of Bitcoin or the amount you would like to invest in Bitcoin. You can enter the details and click on the “Open Trade” option. Now, verify all the details and the amount and click on “Confirm Trade” to confirm buying Bitcoin on eToro. Congratulations, you must have received the Bitcoin on your account by this time!

Conclusion

Bitcoin is the highest-performing and the most reliable cryptocurrency in the world. Investing in Bitcoin is a good option if you are looking to grow your wealth in the long term. eToro is a simple and easy-to-use platform that helps you buy any crypto with a few simple steps. Follow the above guide on how to buy Bitcoin on eToro and invest your funds in the future of money!

FAQs

How much time does it take to buy Bitcoin on eToro?

You can buy Bitcoin on eToro within just a few minutes. eToro is a user-friendly platform that helps you buy any cryptocurrency, stocks, and other assets without any hassle. Creating an eToro account and buying Bitcoin is a simple and straightforward process.

How many Bitcoin are left?

As of July 2023, more than 19 million Bitcoins are in circulation, according to CoinMarketCap. Since the total supply limit of Bitcoin is 21 million, less than 2 million Bitcoin are left to be mined.

Can Bitcoin be hacked?

It is unlikely that Bitcoin will ever be hacked considering that it is a hugely decentralized network spread across the world. For things like a 51% attack to happen, hackers need a humongous amount of computational power. So, Bitcoin is a robust blockchain network that is unlikely to get hacked.

Is Bitcoin a good investment in 2023?

Bitcoin has emerged as one of the promising asset classes in recent years. It created a set of wealthy people who invested in this cryptocurrency in its early years. The current market conditions are uncertain as of July 2023. But,  investing in Bitcoin is a good option and will yield returns in the next bull market.