To purchase Bitcoin Cash on eToro, first, log into your eToro account and access the trading platform, either through their website or mobile app. Type "BCH" in the search bar, enter the amount you wish to invest in Bitcoin Cash, and then click on the "Open Trade" button to complete your transaction. After buying, you have the option to transfer your Bitcoin Cash to the eToro crypto wallet for secure storage.
In the evolving landscape of investment, cryptocurrencies are increasingly becoming the choice for diversifying portfolios, and one of the stars among these digital assets is Bitcoin Cash. For those looking to add BCH to their investment mix, eToro presents itself as a seamless avenue for procurement. It has emerged as a user-friendly platform where one can purchase a variety of cryptocurrencies, including this sought-after digital asset, without the worry of hidden charges.
In this guide, I'll take you through the purchasing process on this platform. I've boiled down the steps to their simplest form, ensuring that even if you're a newcomer to the world of crypto, this guide will have you trading with confidence.
Making the Most of the Platform Before You Dive In
Pro Tip: Before you commit your hard-earned cash to the cryptocurrency market, consider taking advantage of the demo account. This feature allows you to simulate Bitcoin Cash trading in a risk-free environment, affording you the practice needed to trade with assurance when real money is on the line.
Kickstart your eToro Bitcoin Cash journey by registering with a username, email address, and a secure password. eToro prioritizes the security and integrity of its trading environment, hence you'll be prompted to verify your identity as part of the sign-up process.
Look for the “Deposit Funds” button on the left sidebar of your dashboard. Here, you'll select your preferred currency, enter your payment details, and initiate the deposit with a simple click.
Navigate to the Bitcoin Cash (BCH) section and hit the “Trade” button. You'll be presented with two options: “Trade” to buy the asset immediately at the current market price or “Order” to set a price at which you're willing to buy, and the trade will execute when the market hits your desired point. Enter your investment amount (the minimum is $10) and then hit the "Open Trade" button when you're done.
Ensure the safety of your recently purchased crypto by downloading the eToro Money crypto wallet. Once you have it, locate your BCH in your portfolio and select “Transfer to Wallet” to securely move the digital asset into your wallet.
Additional Note:
Please be aware that the eToro crypto wallet might not be available in all regions. It's crucial to confirm whether the service is accessible in your country before you decide to download or use the wallet.
And that's all there is to it! You're now equipped with the knowledge to buy BCH on eToro. The steps outlined here are not just exclusive to Bitcoin Cash; they're applicable to the purchase of other cryptocurrencies on the platform. I trust this guide has clarified the trading process, empowering you to dive into the fascinating market of cryptocurrencies with eToro as your chosen broker. Happy trading!
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.
76% of retail investor accounts lose money
