Last Update April 8th, 2020. Etoro is the most popular trading and investment platform for cryptocurrencies, stocks, commodities, currencies, and ETFs that focuses on providing financial and copy trading services.
Etoro is a very popular payment method among investors 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.
Table of Contents
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
|Headquarters:||London, United Kingdom|
|Founders:||David Ring, Ronen Assia, Yoni Assia|
|Customer service:||Knowledge Base|
Etoro is a multi-asset platform that 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. 67% 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.
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, and the minimum deposit amount is $50. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).
Etoro accepts deposits in USD, EUR, GBP, JPY, AUD, RUB, CNH, and CAD.
- Diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
- Bitcoins can only be withdrawn in the form of fiat currency
Disclaimer: 75% of retail investor accounts lose money when trading CFDs
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.
How To Buy Bitcoin Via Etoro
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).
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
- Rapid Transfer
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.
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
Etoro supports the following cryptocurrencies for trading.
- Bitcoin Cash
- Stellar Lumens
- Ethereum Classic
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.
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:
- Bosnia and Herzegovina
- Congo Republic
- Crimea Region
- North Korea
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).
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.
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.
75% 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.
Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.
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.