Last Update June 27th, 2023. Etoro is one of the most prominent trading and investment platforms for cryptocurrencies and provides financial and copy trading services. Etoro USA LLC does not offer CFDs, only real Cryptoassets are available for US users.
Etoro is a popular platform among professionals for trading bitcoin and other cryptocurrencies.
If you are buying or trading bitcoin in high volumes with Etoro our recommendation is to use a SWIFT wire transfer or e-wallet (PayPal, Skrill or Neteller) to make deposits for the fastest and smoothest transaction time.
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How Can I Buy Bitcoin With Etoro?
If you want to buy bitcoin using Etoro then follow these simple steps to get started right away.
How To Buy Bitcoin With Etoro Summary
- Create an account with Etoro.
- Verify your account.
- Connect your bank or e-wallet and fund your trading portfolio.
- Go to ‘Bitcoin’ and select the amount you want to buy.
- Bitcoins are added to your Etoro portfolio.
That’s it! You have successfully purchased bitcoin on Etoro with the payment method of your choice.
How To Buy Bitcoin With Etoro
Etoro
| Website: | etoro.com |
| CEO: | Yoni Assia |
| Headquarters: | London, United Kingdom |
| Founders: | David Ring, Ronen Assia, Yoni Assia |
| Founded: | 2007 |
| Customer service: | Knowledge Base |
Etoro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.
Deposits may be made via online bank transfer, wire transfer, e-wallet (PayPal, Skrill, or Neteller), or bank card. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).
Minimum first time deposit for US users is $100 USD and $200 USD for most countries.
Etoro accepts deposits in USD, EUR, GBP, and AUD. Watch this video to get a step-by-step guide on how to buy bitcoin on Etoro.
Pros
- Diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
Cons
- Bitcoins can not be withdrawn
Disclaimer: 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. https://med.etoro.com/B21058_A96320_TClick.aspx
Crypto assets are unregulated & highly speculative in some EU countries. No consumer protection. Capital at risk.
Crypto investing is offered by eToro (Europe) Ltd. and custody is provided by eToro Germany GmbH. Your capital is at risk.
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. See PDS and TMD.
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
What Is Etoro?
Etoro is the world’s leading social trading, multi-asset brokerage, and investment company. Etoro provides financial and copy trading services for customers who want to copy the portfolio of traders who have made large gains in a certain period of time.
Is Etoro Legit?
Etoro has offices in London, United Kingdom, Limassol, Cyprus, Tel Aviv, Israel, Hoboken, New Jersey, Sydney, Australia and was founded in 2007. The executive team consists of Yoni Assia (CEO), Ronen Assia (Founder), and David Ring (Founder).
Payment Methods
Etoro customers can make deposits using any of the following payment methods:
- Credit Card / Debit Card
- Bank Account
- SWIFT wire transfer (Minimum deposit amount is $500)
- ACH transfer
- SEPA transfer
- Faster Payments
- Online Banking
- Klarna (SOFORT) Banking
- China UnionPay
- Giropay
- Rapid Transfer
- PayPal
- Skrill
- Neteller
- Revolut
For first time traders the minimum deposit amount is $200. All deposits other than the First Time Deposit are required to be at least $50.
Minimum first time deposit for US and Australian users is $50.
Verification
To verify your Etoro account, you will need to provide (1) Proof of Identity and (2) Proof of Address.
Acceptable Proof of Identity Documents:
- Valid (unexpired) US passport
- Valid (unexpired) Driver’s License
- Valid (unexpired) State ID
Acceptable Proof of Address Documents:
- Bank Statement
- Credit Card Statement
- Electricity, Water or Gas Bill
- Council Tax Bill
- Tax letter or Bill
- House Rental Official Agreement – Issued from a Rental Agent
- Letter from employer
- Letter from your local municipality
- Phone bill
- Internet bill
Cryptocurrencies Supported
Etoro supports the following cryptocurrencies for trading.
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Stellar Lumens (SLM)
- EOS (EOS)
- Cardano (ADA)
- TRON (TRX)
- Tezos (XTZ)
- NEO (NEO)
- IOTA (IOTA)
- Ethereum Classic (ETC)
- Zcash (ZEC)
- Dogecoin (DOGE)
Is Etoro Safe?
Yes, Etoro has over 11 million registered users across the globe.
Etoro is regulated by the CySEC authority in the EU and authorized by the FCA in the UK, and by FinCEN in the United States, and by the ASIC in Australia.
Fees
Etoro charges a fee of 0.1% for crypto-to-crypto conversions and a $5 fee for withdrawals.
Buy And Sell Limits
For crypto-to-crypto conversions there is a minimum of $20 per transaction and a maximum of $10,000 per transaction.
Countries Supported By Etoro
At the present time, Etoro is not available in the following countries:
- Afghanistan
- Albania
- Belarus
- Bosnia and Herzegovina
- Botswana
- Brunei
- Burundi
- Canada
- Chad
- Congo Republic
- Crimea Region
- Cuba
- Ethiopia
- Guyana
- Guinea
- Guinea-Bissau
- Iran
- Japan
- Laos
- Libya
- Mali
- Myanmar
- Namibia
- Nicaragua
- North Korea
- Palau
- Samoa
- Serbia
- Somalia
- Sudan
- Syria
- Turkey
- Uganda
- Yemen
Customer Service
For urgent matters, you can chat with a live agent directly from the Etoro interface.
Etoro customer support is available 24 hours a day, Monday through Friday (during market hours).
Etoro App
You can bring the Etoro platform with you anywhere you go using the Etoro smartphone app to access your portfolio, place orders, and make trades.
The Etoro App is available on both iOS and Android devices.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
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 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.
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 any CFDs and makes no representations and assumes no liability for the accuracy or completeness of the content of this publication, which was created by our partner using publicly available, non-company specific information about eToro.