Ah, Bitcoin - the magical internet money that's both the future of finance and the butt of every tech bro joke. If you're one of the few who hasn't jumped on the crypto train yet, fear not! Today we'll be discussing the oh-so-simple process of buying Bitcoin on Etoro. Now, I know what you're thinking. "But, I'm not a tech genius with a degree in computer science! How could I possibly navigate the treacherous waters of cryptocurrency?" Fear not, dear reader - if you can operate a smartphone and possess basic reading comprehension skills, you're already overqualified for this tutorial.

What is Etoro?

So, you want to know what eToro is? Well, let me tell you, it's not a new type of exotic fruit or a fancy brand of energy drink. No, no, no. eToro is actually a multi-asset investment platform. Plus, eToro has a fancy interface that's easy to use, so you can lose money with style and grace.

But that's not all! eToro is also a great way to make new friends. That's right, you can connect with other traders and bond over your shared love of making terrible financial decisions. It's like a support group for people who just can't resist the siren call of a hot stock tip.

But wait, there's more! eToro also has a nifty feature called "Copy Trading." Basically, you can copy the trades of other, more successful traders and hope that their success rubs off on you. It's like cheating on a test but for the stock market. And who doesn't love a good cheat?

If I Want to Buy Bitcoin Through eToro, How Much Does It Cost?

On eToro, the cost of purchasing Bitcoin is equal to one per cent of the price at which it is listed. The charge is already factored into the price that is displayed when you open a position in Bitcoin. When you cash out your Bitcoin via eToro, you will be charged an additional fee of 1%.

When Buying Bitcoin on eToro, How Long Does the Process Take?

Bitcoin orders can be placed at any time, day or night, and EToro will fulfil them in a matter of seconds. On the other hand, if you want to move your Bitcoin to the crypto wallet that eToro Money provides, the transfer may take up to five business days to finish, and in certain cases, it may take even longer.

Getting Started With Etoro

Are you tired of living in the Stone Age of finance and want to join the cool kids on the block(chain)? Well, look no further than buying Bitcoin on Etoro! Here's a step-by-step guide that will have you holding digital gold faster than you can say "centralized banking is so yesterday."

Step 1: Creating an account on Etoro

First things first, you need to create an account on Etoro. It's like signing up for any other website, except you'll need to provide a bunch of personal information that you'll probably regret sharing later. But hey, that's the price you pay for the thrill of buying cryptocurrency!

Make sure to choose a strong password, because the last thing you want is to have your Bitcoin stolen by some basement-dwelling hacker with a grudge against society. And while you're at it, why not give Etoro permission to send you spam emails about their latest promotions?

Step 2: Verifying your identity

Now that you've given away all your personal information, it's time to prove that you're a real person and not a bot. Etoro will ask you to provide a copy of your ID, proof of address, and a selfie of you holding a sign that says "I promise not to use this Bitcoin for nefarious purposes." Okay, maybe not that last one, but you get the idea.

If you're lucky, Etoro will approve your verification within a few hours. If you're unlucky, they'll ask for more information, like a DNA sample or a lock of hair. Just kidding... or am I?

Step 3: Funding your Etoro account

Congratulations, you're now a verified human being! But you're not quite ready to buy Bitcoin yet. You need to fund your Etoro account first. This is where things can get a little tricky, so pay attention.

Etoro accepts a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets. But be warned: each payment method has its own fees and processing times, so choose wisely. And don't forget to check your bank account balance before making a deposit, unless you enjoy the feeling of overdraft fees.

Buying Bitcoin on Etoro

Are you looking to dive into the world of cryptocurrency? Well, aren't you just the coolest person at the party! But don't worry, it's not as complicated as you might think. Today, we're going to walk you through the process of buying Bitcoin on Etoro. So, grab your fedora and let's get started.

Step 1: Navigating to the Bitcoin page

The first step in buying Bitcoin on Etoro is to actually find the Bitcoin page. Now, you might think that this would be a simple task, but let's be real, Etoro loves to hide things in plain sight. So, head on over to the "Markets" tab, then click on "Crypto". From there, you should see a list of all the different cryptocurrencies available for purchase. Scroll down until you find Bitcoin and click on it. Congratulations, you've found the holy grail!

Step 2: Choosing your preferred payment method

Next up, you'll need to choose your preferred payment method. Etoro offers a variety of options including credit/debit cards, bank transfers, and even Paypal. Now, if you're feeling particularly adventurous, you can try to use your grandma's old chequebook, but we wouldn't recommend it. Stick to the tried and true methods.

Step 3: Entering the amount of Bitcoin you want to buy

Alright, now it's time to decide how much Bitcoin you want to purchase. Don't worry, you don't need to be a mathematician to figure this out. Simply enter the amount of money you want to spend and Etoro will tell you how much Bitcoin you can get for it. But let's be honest, who needs math when you've got a magic internet machine doing it for you?

Step 4: Confirming your purchase

Finally, it's time to pull the trigger and make that purchase. Double-check all the details and make sure everything looks good. Then, take a deep breath and click that magical "Buy" button. Congratulations, you're now the proud owner of some Bitcoin!

Viewing Your Bitcoin Holdings

First things first, you need to know what you've got. Etoro makes it easy to view your Bitcoin holdings. Simply log in to your Etoro account and click on the "Portfolio" tab. You'll be able to see all of your investments, including your Bitcoin. Wow, isn't that exciting?

Setting Up a Bitcoin Wallet

Next, you'll want to set up a Bitcoin wallet. A Bitcoin wallet is like a digital bank account where you can store your Bitcoins. But don't worry, you don't actually need to set up a wallet to manage your Bitcoin on Etoro. Etoro holds your Bitcoin for you, so you can just sit back and relax while they do all the work. Isn't that convenient?

Learn how to create a Bitcoin wallet here

Transferring Bitcoin to Another Wallet

Now, let's say you're feeling adventurous and want to transfer your Bitcoin to another wallet. Maybe you want to show off to your friends or maybe you're just feeling reckless. Either way, Etoro makes it easy to transfer your Bitcoin to another wallet. Just click on the "Withdraw Funds" button and select Bitcoin. Then, enter the address of the wallet you want to transfer your Bitcoin and voila! You've done it. Now you can sit back and wait for your Bitcoin to arrive in its new home.


Well, well, well, look at you, all grown up and ready to invest in the volatile world of cryptocurrencies. Congratulations on taking the first step, my dear reader. And what better way to enter this exciting world than by learning how to buy Bitcoin on Etoro? Thanks to this comprehensive guide, you can now navigate the murky waters of crypto trading with ease.

But let's not forget the most important lesson of all: the value of HODLing. HODLing means holding onto your investments, no matter how much the market fluctuates. In other words, be a diamond hand, not a paper hand. Of course, that's easier said than done, especially when Bitcoin's value goes up and down like a yo-yo on steroids. But fear not, my dear reader, for with Etoro, you can buy and sell Bitcoin at the touch of a button.

Post a Comment

Previous Post Next Post