Introduction
Bitcoin is among the most popular cryptocurrencies in today’s digital world. Etoro is a reputable cryptocurrency exchange platform where you can buy and sell bitcoins. In this article, we will guide you on how to buy bitcoin on Etoro.
Step 1: Create Etoro Account
To buy bitcoin on Etoro, you need to have an account. Creating an account on Etoro is easy and straightforward. Go to their website and click on the ‘Sign Up’ button. Fill in your details and follow the prompts to complete the registration process.
Step 2: Verify Your Account
After creating an account, you need to verify it to start trading. Etoro requires you to verify your identity by providing your government-issued ID and proof of address.
Step 3: Add Funds to Your Account
You can add funds to your Etoro account using various payment methods, including bank transfer, credit/debit cards, and Paypal.
Step 4: Search for Bitcoin
Once your account is funded, search for bitcoin on Etoro’s platform. You can use the search bar on the top left corner of the site to find the bitcoin’s current price.
Step 5: Click on ‘Trade’
After finding the bitcoin’s current price, click on the ‘Trade’ button on the right side of the screen. This action will take you to the trading interface.
Step 6: Set Your Order
On the trading interface, set your order. You can choose between a market order or a limit order. A market order will execute your order at the prevailing market price, while a limit order will execute your order at a price you specify.
Step 7: Buy Bitcoin
Click on the ‘Buy’ button to complete the transaction. Etoro will deduct the amount of bitcoin you purchased from your account balance.
Step 8: Verify Your Purchase
After buying bitcoin, verify your purchase by going to your portfolio. Click on ‘Portfolio’ and view your available balances.
Conclusion
Buying bitcoin on Etoro is easy and straightforward. Follow these simple steps to buy bitcoin on Etoro, and you’ll be a bitcoin owner soon. Remember to verify your account and to trade cautiously to avoid losses.