How to Buy Bitcoin on eToro: Bank, PayPal, & Debit Card

Learn how to buy Bitcoin on eToro using various payment methods such as credit/debit cards, bank transfer, and PayPal.

Bitcoin (BTC) is one of the world’s most popular and valuable cryptocurrencies. It is a decentralized digital currency that operates on a peer-to-peer network without any central authority or intermediary. BTC can be used to buy goods and services, store value, or invest for the long term.

We will show you “how to buy Bitcoin on eToro“. It is more than just a broker. It is also a social trading network that lets you copy the trades of other investors or share your own strategies. You can also access a multi-asset investment platform that offers stocks, ETFs, commodities, currencies, and more.


How to buy Bitcoin on eToro: Step-by-Step Guide

To buy BTC on the eToro crypto trading platform, you need to follow these steps:

  1. Register an account on eToro.com or download the eToro money app
  2. Deposit funds using various payment methods
  3. Choose BTC as your preferred asset class
  4. Place an order to buy Bitcoin at the current market price
  5. Withdraw to eToro money crypto wallet

Step 1: Register an account on eToro.com or download the app

Sign up on eToro.com or app. Give your info, like name, email, phone, country, and birth date. Agree to eToro’s rules and privacy. You also need to verify your identity (KYC) to buy Bitcoin on eToro.

login eToro

Step 2: Deposit funds using various payment methods

Deposit fiat currency in your account. You can use eToro Money for free and fast. No fees for FX conversion or withdrawal. Or you can use other ways, like wire transfers, bank cards, PayPal, or crypto.

The minimum eToro deposit amount is $50 for eToro Money and $200 for other methods. The United States has a minimum amount of $10.

Add Payment methods

Step 3: Choose BTC as your preferred asset class

Now, you first need to choose BTC as your preferred asset class. You can do this by clicking on the “Trade Markets/Discover” tab on the left side of the screen and then selecting “Crypto” from the top menu. You will see a list of cryptocurrencies available to trade on eToro, including Bitcoin. Click on Bitcoin to open its page.

Choose BTC

Step 4: Place an order to buy Bitcoin at the current market price

After selecting Bitcoin as your asset class, you can buy it at the current market price. Click on the “Invest” button on the right. A pop-up window will appear where you can enter how much money you want to invest in Bitcoin. You can change the leverage, stop loss, and take profit settings based on your risk level and trading plan. When you are done, click on “Open Trade” to confirm your order.

Step 5: Withdraw to eToro money crypto wallet

  • Go to Withdraw Funds in your eToro trading account.
  • Type the amount to withdraw (at least $30).
  • Choose “Transfer to eToro Money Wallet”. (This is the default choice.)
  • Transfer Bitcoin or ETH to the eToro wallet.
  • Your funds will move to your eToro Money account right away. Sometimes, it may take longer for security or other reasons.
Transfer to eToro wallet

Related:

  1. Best Anonymous Bitcoin Wallets
  2. Best Bitcoin Hardware Wallets
  3. How To Send Bitcoin From Binance To Another Wallet Address

Invest in Bitcoin on eToro With a Debit Card

If you want to buy Bitcoin on eToro using Debit/credit cards, follow these steps:

  1. Create an Account: Join eToro by visiting their website or downloading their app. It only takes a few minutes.
  2. KYC Verify: Provide your personal details and verify your account. You must give your name, email, phone number, and address. You also need to upload your ID and proof of address.
  3. Add your debit card account and fund it: Click on “Deposit Funds” on the eToro app or website and follow the steps to link a card to your eToro account. Choose how much and what currency you want to deposit. The minimum deposit is $200.
  4. Purchase Bitcoin on eToro: Search for “BTC” or “Bitcoin” on the eToro platform. You will see the current price, market cap, and performance of Bitcoin. You can also see its chart, news, and analysis. To buy Bitcoin, click on the “Trade” button and enter how much you want to purchase, either in dollars or BTC. You can also set a stop loss, take profit, or leverage level if you want. When you are ready, click on “Open Trade” and confirm your order.
  5. Enjoy your investment: You can see your Bitcoin in your portfolio. You can track its performance, sell it, or transfer it to your eToro Wallet if you want.

What is eToro Wallet? It is a non-custodial crypto wallet that is simple, easy to use, and free. It supports over 120 different cryptocurrencies and can facilitate the exchange of more than 500 currency pairs from within the wallet itself.

How to Buy Bitcoin on eToro with Bank Account?

add bank account
  1. Add money to your eToro account: Click on “Deposit Funds” on the app or website. Choose a bank account option, like ACH, wire, or online banking. Link your bank account to your eToro account. The minimum amount for a bank transfer is $500.
  2. Buy BTC on eToro: Search for “BTC” or “Bitcoin” on the platform and click on “Trade”. Enter how much you want to buy, in dollars (USD) or in bitcoin units. Click on “Open Trade” and confirm your order. You can easily buy and sell Bitcoin. Your assets will show up in your portfolio.

How to Buy BTC on eToro with PayPal?

  1. Sign up at eToro and sign in.
  2. Find Bitcoin on the crypto page or the search bar.
  3. Choose between Trade or Order. Trade: get a certain amount of Bitcoin at the current rate. Order: set a price target and number of coins to buy.
  4. Tap on “Trade or Order” and enter how much BTC you want in USD or BTC.
  5. Pick PayPal as your payment option and tap on Set Order or Open Trade.
  6. You will go to PayPal to finish the payment. Sign in to your “PayPal account” and approve the transaction.
  7. After the payment is done, you will see the BTC in your eToro account.

Bitcoin Trading Fees on eToro

So, How much does eToro charge to buy crypto? Here are the eToro fees:

  1. Trading Fees: Trading bitcoin on eToro costs 1%. This is the bid-ask spread, which is the gap between the buy and sell prices of bitcoin at any moment.
  2. Overnight Fee: Holding a Bitcoin position after market hours has an overnight fee. This depends on the leverage, the units, and the daily LIBOR rate.
  3. Withdrawal fees: Sending money from your eToro account has a withdrawal fee of $5. You need at least $30 to withdraw.

Can you withdraw Bitcoin from eToro?

Yes, you can withdraw Bitcoin from eToro to your own wallet. However, there are some conditions and fees involved. To withdraw Bitcoin from eToro, you need to have:

  • A verified account with eToro
  • A minimum amount of $30 in your account
  • A compatible wallet that supports the Bitcoin network standard or Segwit support
  • An eToro Money account that is linked to your wallet
  • A withdrawal fee of around 0.0005 BTC per transaction

Related: How to avoid Bitcoin taxes


FAQs

What is eToro?

eToro is a company that offers financial services for social trading and multi-asset investment. It enables users to invest and trade in various assets, such as cryptocurrencies, stocks, ETFs, commodities, and currencies.

It also has a platform for users to communicate with each other, share insights, discuss strategies, and copy the trades of experienced investors.

Is Bitcoin a Good Buy?

Bitcoin is a cryptocurrency that works on a peer-to-peer network without any intermediary. It has many unique features, such as fast transactions, low fees, global accessibility, and limited supply. BTC is also seen as a store of value and a hedge against inflation by some investors.

However, Bitcoin also has some challenges, such as volatility, security breaches, regulatory uncertainty, and environmental impact.

Can I buy Bitcoin on eToro?

Yes, you can buy Bitcoin on eToro. It has an easy-to-use platform for buying and selling cryptocurrencies. You can choose from over 70 crypto assets, including Bitcoin, Ethereum, Litecoin, and more. You can also use eToro’s innovative features, such as CopyTrader and CopyPortfolio.

Is eToro good for buying Bitcoin?

eToro is one of the leading platforms for buying Bitcoin and other cryptocurrencies. It has several benefits, such as:

1. A secure and regulated platform with top-tier security practices
2. A user-friendly interface and a variety of payment methods
3. A lively social community and educational resources
4. A staking service that rewards users for holding certain cryptocurrencies

How long does it take to buy Bitcoin on eToro?

Buying Bitcoin on eToro is quick and simple. You can create an account in minutes and start trading with as little as $50. You can also use various payment methods, such as credit/debit cards, PayPal, Skrill, Neteller, and bank transfers.

Depending on the payment method you choose, it may take from a few minutes to a few days for the funds to be available in your account. Once you have funds in your account, you can buy Bitcoin instantly at the current market price

Amit Chahar

Amit Chahar

Hey! I am Amit Chahar, a Crypto and blockchain content creator at Wallet Reviewer. With 3+ years of experience as a SEO content writer, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

Want to hire me? Contact: hello@walletreviewer.com

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