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Can you buy Bitcoins on eToro?

eToro is one of the world’s best-known online brokerages. You can buy a wide range of assets on the platform. This guide lets you know if you can buy Bitcoin on eToro.
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Updated: Sep 7, 2023
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This handy page explains everything you need to know about buying Bitcoin on eToro. Read on to learn if it is possible, how to buy it, and what options you have to store it. 

Is Bitcoin available to buy on eToro?

Yes, you can buy Bitcoin on eToro. The trading platform offers a selection of different cryptocurrencies, including Bitcoin. You can buy Bitcoin on eToro very quickly; the process takes just a few minutes. eToro also offers the ability to securely store your Bitcoin in a wallet or keep it within the platform. 

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How to buy Bitcoin on eToro

One of the key benefits of using eToro is the straightforward buying and selling of cryptocurrencies. The platform is designed with beginners in mind; you can buy Bitcoin using various payment methods in a matter of minutes. Use the guide below to learn the steps you can follow to buy Bitcoin on eToro. 

  1. Sign up for an account. Before you start, you will need to open an eToro account (unless you already have one). You can register for an account very quickly and need some identification, so make sure you have some to hand. 
  2. Deposit funds. Once you log in to the trading platform, you must deposit funds. Click the blue deposit button and follow the instructions. With eToro, you can use a range of payment methods so you can pick the most suitable option. 
  3. Buy Bitcoin. Now enter Bitcoin in the search bar to be taken to its trading page. Next, click the trade button and enter how much fiat you want to spend. If you are happy with the price, click open trade. You can also place an order for a specific price.
Buy Bitcoin on eToro now

51% of retail CFD accounts lose money. Your capital is at risk.

How to sell Bitcoin on eToro 

Selling Bitcoin on eToro is as straightforward as buying it. The guide below outlines the steps you can follow to sell Bitcoin on the platform. 

  1. Log in to account. You must log in to your trading account using your username and password. Once you are in, click the Portfolio button on the left-hand side of your trading account screen. 
  2. View open positions. The portfolio section of your account will show all of your open positions. Look for your Bitcoin trade and click on it. You will now see if your trade is in a profit or loss and other information relating to it. 
  3. Sell Bitcoin. Selling Bitcoin can be completed with a click of a button. Just click the close trade button at the far right of the screen. A popup will appear and you just have to click close trade. You will now have sold your Bitcoin. 

How much are eToro Bitcoin fees?

eToro does not charge any commission for buying or selling Bitcoin. It does charge 1% each time you buy and 1% each time you sell. This fee is automatically included in the price and will not show separately in your account statement. Another fee on eToro for buying Bitcoin is the bid/ask spread. This is the difference between the buy and sell price. 

Can I store Bitcoin on eToro?

Yes, you have a couple of options to store your Bitcoin. eToro offers users a free crypto wallet. The eToro wallet supports over 120 different cryptocurrencies. You can exchange more than 500 crypto pairs within the wallet itself. It has many security features and a private key that cannot be lost, so your Bitcoin is kept safe. The wallet is the best option for long-term holders. 

If you are an active trader with a short-term outlook, you can store your Bitcoin within the trading platform. You don’t have to take any extra steps to do this. It is important to note that if you transfer your Bitcoin to a wallet, you cannot move it back to the eToro platform. 

Can I buy Bitcoin with leverage on eToro?

Yes, buying Bitcoin using leverage on eToro is possible, although this is only for some users. eToro offers lots of cryptocurrencies via contracts for difference (CFDs) which short-term traders mostly use. When using CFDs, you do not own any Bitcoin and are speculating on its price either moving up or down. 

On eToro, it is possible to trade Bitcoin CFDs with x2 leverage. This means that you can trade a larger amount of money than you have deposited. For example, you can buy $2000 worth of Bitcoin while depositing just $1000 into your account. It is important to remember that both your gains and losses are magnified while using leverage. 

Should I use eToro to buy Bitcoin?

eToro is a good option for anyone wanting to buy Bitcoin. Beginners are best suited to the platform and will find buying Bitcoin straightforward compared to other brokers and crypto exchanges which can be pretty complicated to use. It is possible to access a free wallet when using eToro, making it a top choice for long-term holders. 

If you’re a short-term trader, you can buy and sell a wide range of crypto using CFDs. However, this is only available to certain users for specific locations. Ultimately, using eToro to buy Bitcoin will depend on your circumstances. It’s best for beginners, but more experienced crypto investors may find better options using other platforms.

Buy Bitcoin on eToro

51% of retail CFD accounts lose money. Your capital is at risk.


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Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.