Bitcoin, consistently making headlines, has seen its popularity soar as global interest in cryptocurrency grows. Once met with skepticism, it's now widely regarded as a harbinger of the future of finance, marking the dawn of the cryptocurrency era. These new asset classes are readily accessible for investment through platforms like eToro.
For detailed insights on investing in Bitcoin via this broker, check out this guide. I'll share personal experiences and tips that could be invaluable for investing in this fascinating asset. So, stay tuned.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Having traded BTC on the platform several times, I've identified numerous benefits. Here are some key advantages:
When you visit the Bitcoin asset page on the web platform or app, you'll land on the Overview section by default. This section presents several key elements:
During my experience trading BTC and other assets with this broker, I appreciated the integrated trading tools within the platform's interface, eliminating the need to switch between other apps or screens. Here are some of the tools I found particularly useful:
To purchase Bitcoin on eToro, follow these steps:
By using this method, you are purchasing actual BTC, not a derivative or representation. Out of curiousity, I've explored how to buy Bitcoin on eToro using a credit card and discovered that direct purchases via this payment method is not possible but there was a simple and straightforward alternative.
CFD (Contract for Difference) trading appeals to those interested in speculating on crypto market movements without owning the actual asset. Here's how it works:
To trade Bitcoin as a CFD:
A standout feature of this platform is the CopyTrader system, which lets you mimic the trades of experienced eToro crypto investors. Here's how it works:
But what are the fees associated with buying Bitcoin on eToro, you might ask? It's a transparent 1% fee for buying or selling the crypto and these are clearly indicated on the platform.
So, you've successfully purchased Bitcoins on eToro. Now, you might be considering how to withdraw them. The question arises: How do I cash out Bitcoins on eToro?
This one involves moving the BTC from the trading account to the eToro Money account, and then transferring it to an external wallet.
To wrap up, this guide has covered essential aspects of investing in Bitcoin through eToro. Whether you're using the web platform or the mobile app, these insights should help you navigate the process. Remember these strategies, apply them thoughtfully in your crypto trading endeavors, and enjoy the journey!
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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