Bitcoin, the known digital currency globally has captured widespread interest, as a virtual asset offering the potential for significant investment gains. If you are considering purchasing Bitcoin to diversify your investment portfolio, eToro; a social trading platform provides a user mobile application that facilitates the buying, selling, and trading of cryptocurrencies effortlessly. This guide will lead you through the process of acquiring Bitcoin using the eToro app and assist you on how to buy bitcoin on eToro app.
To begin buying Bitcoin on eToro app, start by downloading and setting up the eToro app on your device. The eToro app is accessible for both iOS and Android devices. It can be obtained at no cost from either the App Store or Google Play Store.
After installing the eToro app, you must launch it. Then register for an account with eToro. You can establish an account by providing your email address, generating a password, and completing the account verification procedure. Ensure to review and agree to eToros terms of service and privacy policy before moving on.
As part of the verification process for your account, eToro may ask you to confirm your identity to adhere to regulations and prevent fraud. You will be required to share details like your name, date of birth, address, and a government issued ID. Simply follow the instructions on the app to complete the identity confirmation procedure.
To start purchasing Bitcoin on eToro, you must first add funds to your eToro account with currency like US dollars (USD) or euros (EUR). Head over to the "Deposit Funds" section in the app. Select your payment method, whether it is a bank transfer, credit/debit card, or an e-wallet. Follow the steps provided to finalize the deposit and place funds into your eToro account.
Once you have successfully funded your eToro account, you can search for Bitcoin (BTC) within the eToro app. Navigate to either the "Trade Markets" or "Crypto" section in the app. Enter "Bitcoin" or "BTC" in the search bar. This will display a selection of trading pairs and cryptocurrency assets.
Now, how to buy bitcoin on eToro app?
To purchase Bitcoin on the eToro platform, simply find Bitcoin (BTC). Click on the "Buy" button. Enter the desired amount of Bitcoin you want to buy and review all order details, such as the price, order type, and total cost. Once you are happy with everything confirm your purchase to complete the transaction.
Keep an eye on your investment after buying it on eToro. You can track your investments performance in time using charts, price alerts, and portfolio management tools available on the eToro app. These tools will help you make decisions about your cryptocurrency investments.
Stay informed about Bitcoins price movements and market trends by setting up price alerts within the eToro app. These alerts will notify you when Bitcoin reaches a price level so that you can seize trading opportunities and make investment choices.
Apart from trading and how to buy bitcoin on eToro app, eToro offers features and tools to enrich your cryptocurrency trading journey.
Here are some options, for you:
These options consist of copy trading, social trading, market analysis, and educational materials to enhance your understanding of cryptocurrency investment and trading strategies.
Engage in Responsible Investing like any investment, it's crucial to engage in responsible investing by only investing what you can afford to lose. The cryptocurrency market can be volatile and unpredictable so it is advisable to conduct research diversify your investment portfolio and only risk funds that you are comfortable losing.
If you were wondering how to buy bitcoin on Etoro app, we hope you went through this manual and you found it helpful! In summary purchasing Bitcoin through the eToro app is a direct process that enables you to invest in cryptocurrency markets from your mobile device. By following these guidelines and adhering to practices when buying Bitcoin on eToro, you can begin constructing your cryptocurrency portfolio and delve into the realm of digital assets with confidence.
