How to Buy Bitcoin on eToro: A Step-by-Step Guide
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Updated 06/01/2025
Are you looking to invest in Bitcoin but unsure where to start? When I first thought about buying Bitcoin, I was overwhelmed by the sheer number of platforms and the technical jargon involved. That’s when I discovered eToro—a platform that made the process simple, secure, and surprisingly beginner-friendly.
eToro is one of the most trusted platforms for buying Bitcoin, offering an intuitive interface and helpful tools for both beginners and seasoned investors. Whether you’re dipping your toes into the crypto world or looking for a hassle-free way to trade Bitcoin, eToro provides everything you need in one place.
In this guide, I’ll walk you through the exact steps to buy Bitcoin on eToro. From setting up your account to managing your first investment, I’ll also share insights from my own experience to help you avoid common pitfalls and make confident decisions.
Quick Answer: To Buy Bitcoin on eToro, you’ll need to…
To buy Bitcoin on eToro, you’ll need to open an account, verify your identity, fund it with a minimum deposit, and search for Bitcoin (BTC) on the platform. Once located, place your order, and you’ll own Bitcoin in just a few clicks!
To ensure its accuracy, this article was reviewed by Thomas Drury. Thomas is our seasoned finance and trading expert with Chartered status.
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Why Choose eToro for Buying Bitcoin?
If you’re wondering why eToro is worth considering, let me share why it became my go-to platform for buying Bitcoin.
User-Friendly Platform
When I first started with eToro, what stood out to me was how easy it was to navigate. The interface is clean and straightforward, which made it less intimidating as a beginner. Everything, from searching for Bitcoin to placing a trade, is laid out in a way that doesn’t require a steep learning curve.
eToro also provides tools like real-time charts, market analysis, and even price alerts, which helped me stay informed without feeling overwhelmed.
Regulated and Secure
One of the reasons I felt comfortable trusting eToro with my money was its regulatory oversight. eToro is FCA-regulated in the UK, which reassured me that my funds and personal data were in safe hands.
Additionally, eToro offers advanced security features, such as SSL encryption and two-factor authentication. Knowing that my investments were protected gave me the confidence to proceed with buying Bitcoin.
Low Fees and Social Trading
I’ve used other platforms before, and one thing that annoyed me was unclear or high fees. With eToro, the fee structure is straightforward—no hidden surprises. While there’s a small spread fee for buying Bitcoin, I found it to be competitive compared to other exchanges.
What really sets eToro apart is its social trading feature. When I was still learning, I loved being able to follow and copy experienced traders. It gave me insights into how they were managing their crypto portfolios and provided some helpful strategies to learn from.
How to Buy Bitcoin on eToro: Step-by-Step Guide
If you’re ready to dive into Bitcoin investing, I’ll walk you through the exact steps I took when I bought Bitcoin on eToro for the first time. It’s a straightforward process, and I’ll share some tips along the way to make it even easier for you.
Step 1: Open an eToro Account
The first step is to create an account on eToro. I remember being pleasantly surprised by how simple the registration process was. Here’s how you can get started:
- Go to eToro’s Website: Head over to eToro and click the “Sign Up” button.
- Fill Out the Form: Provide basic details like your name, email address, and password. Alternatively, you can sign up using your Google or Facebook account for convenience.
- Verify Your Account: To comply with regulations, eToro requires you to verify your identity. Upload a photo of a valid ID (passport or driver’s license) and a proof of address (like a utility bill).
- Complete Your Profile: eToro will ask you a few questions about your trading experience, financial situation, and investment goals. Be honest—this helps the platform tailor your experience.
Tip: Make sure your documents are clear and readable to avoid delays during verification. My verification was approved within 24 hours.
Step 2: Fund Your Account
Once your account is set up, the next step is to deposit funds. Here’s what you need to know:
- Minimum Deposit: The minimum deposit for eToro is $50 (approximately £40), making it accessible for beginners.
- Choose a Deposit Method: eToro supports various payment methods, including:
- Debit/credit cards
- Bank transfers
- E-wallets like PayPal and Skrill
- Secure Your Deposit: Select your preferred method, enter the amount, and follow the instructions. For example, I used PayPal for its convenience, and my funds appeared instantly in my account.
Tip: If you’re funding with a debit or credit card, ensure it matches the name on your eToro account to avoid issues.
Step 3: Search for Bitcoin (BTC)
Now that your account is funded, it’s time to find Bitcoin on the platform. This part is super simple:
- Use the Search Bar: At the top of the eToro dashboard, type “Bitcoin” or “BTC” into the search bar.
- Select Bitcoin: Click on Bitcoin from the dropdown results. This will take you to Bitcoin’s dedicated page, showing its price chart, market stats, and other details.
Tip: Spend a few minutes exploring this page. I found it helpful to review Bitcoin’s recent price trends before placing my first trade.
Step 4: Place Your Order
Once you’ve located Bitcoin, you’re ready to buy! This is the exciting part.
- Click “Trade”: On Bitcoin’s page, hit the “Trade” button to open the order window.
- Set Your Amount: Enter the amount you’d like to invest. With eToro, you can buy fractional Bitcoin, meaning you don’t need to purchase a whole BTC. For example, I started with just $100.
- Choose Order Type:
- Market Order: Buy Bitcoin instantly at the current price.
- Limit Order: Set a specific price at which you want to buy. Your order will execute only when Bitcoin reaches that price.
- Confirm the Trade: Once everything looks good, click “Open Trade” to complete your purchase.
Tip: If you’re unsure how much to invest, start small. Bitcoin’s price can be volatile, so it’s best to get comfortable with smaller amounts first.
Step 5: Monitor and Manage Your Investment
After purchasing Bitcoin, managing your investment is just as important as buying it. Here’s how you can stay on top of your Bitcoin:
- Track Performance: Go to your eToro Portfolio, where you’ll see all your open positions. Here, you can monitor Bitcoin’s value in real time.
- Set Price Alerts: One feature I love on eToro is the ability to set price alerts. You’ll get notified if Bitcoin’s price hits a specific level, helping you decide when to buy more or sell.
- Sell When Ready: If you decide to cash out, simply go to your portfolio, click on Bitcoin, and choose “Close Trade.”
Optional: Transfer to an External Wallet
If you’re buying Bitcoin as a long-term investment, you may want to transfer it to an external wallet for extra security. While eToro does offer a built-in wallet, I prefer using a dedicated crypto wallet for better control.
- Download eToro Money Wallet: eToro has a wallet app that allows you to transfer and store Bitcoin securely.
- Transfer Your Bitcoin: Follow the instructions in the wallet app to move your Bitcoin from your trading account to your wallet.
Note: Transfers may incur a small fee, so check eToro’s wallet terms before proceeding.
Pros and Cons of Buying Bitcoin on eToro
Pros
There are several reasons why eToro is a fantastic option for buying Bitcoin, especially if you’re just starting out:
- Beginner-Friendly Platform: eToro’s interface is intuitive and designed to simplify the process, making it easy to navigate even for those who are new to crypto investing.
- Regulated and Secure: As a fully regulated platform, eToro provides a safe environment for trading Bitcoin, with advanced security measures like SSL encryption and two-factor authentication.
- Social Trading Features: The ability to follow and copy experienced traders is a standout feature that sets eToro apart, offering valuable insights for beginners.
- Fractional Bitcoin Purchases: You can buy as little as $10 worth of Bitcoin, allowing you to start small and scale up as you become more confident.
Cons
While eToro has plenty of advantages, it’s not perfect:
- Higher Fees: eToro’s spread fees may be higher compared to crypto-specific exchanges like Binance. While the platform’s simplicity is worth it for beginners, cost-conscious traders might prefer alternatives.
- Limited Wallet Control: Unless you transfer your Bitcoin to an external wallet, you have limited control over your holdings, which may not suit those who prioritize decentralization.
Alternatives to eToro for Buying Bitcoin
If eToro doesn’t meet all your needs, here’s how it compares to other popular platforms:
| Feature | eToro | Coinbase | Binance |
|---|---|---|---|
| Ease of Use | ✅ Beginner-friendly | ✅ Beginner-friendly | ❌ Advanced tools (complex for beginners) |
| Fees | ⚖️ Medium | ❌ High | ✅ Low |
| Regulation | ✅ Fully regulated | ✅ Fully regulated | ❌ Limited regulation |
| Supported Cryptos | ✅ 70+ cryptocurrencies | ✅ 100+ cryptocurrencies | ✅ 350+ cryptocurrencies |
| Payment Methods | ✅ Debit/Credit Card, PayPal, Bank Transfer | ✅ Debit/Credit Card, Bank Transfer | ✅ Debit/Credit Card, Bank Transfer, Crypto Transfers |
| Social Trading | ✅ Yes (copy trading available) | ❌ No | ❌ No |
| Wallet Options | ✅ eToro Money Wallet | ✅ Coinbase Wallet | ✅ Binance Trust Wallet |
| Minimum Purchase | ✅ $10 | ✅ $2 | ⚖️ Varies by coin ($10 for Bitcoin) |
| Security Features | ✅ SSL encryption, 2FA | ✅ SSL encryption, 2FA | ✅ SSL encryption, 2FA |
| Trading Tools | ✅ Basic charts, price alerts, CopyTrader | ✅ Basic charts, price alerts | ✅ Advanced charts, futures, staking |
Coinbase
Coinbase is another great option for beginners, offering a user-friendly interface and robust educational resources. However, its fees are higher than eToro’s, which may be a drawback for cost-conscious traders.
Binance
Binance is ideal for advanced users who want access to a wide range of cryptocurrencies and trading tools. It has the lowest fees among the three platforms, but its interface can be overwhelming for beginners.
Which Platform is Right for You?
- Choose eToro for its simplicity and social trading features.
- Opt for Coinbase if you want an easy-to-use platform but don’t mind paying higher fees.
- Pick Binance if you’re comfortable navigating a more complex platform and want to save on fees.
Tips for Beginners Buying Bitcoin on eToro
If you’re new to Bitcoin or investing, these tips can help you start strong:
Start Small: Invest only what you can afford to lose. Bitcoin’s price can be highly volatile, so starting with a small amount is a smart way to minimize risk.
Use the Demo Account: eToro’s demo account is a great tool to practice trading without risking real money. It helped me get comfortable with the platform before making my first purchase.
Leverage Educational Resources: Take advantage of eToro’s guides, webinars, and market analysis tools to build your knowledge and confidence.
Monitor Your Portfolio: Regularly review your Bitcoin investment and stay informed about market trends. Setting up price alerts can help you act quickly when the market moves.
Final Thoughts: Is eToro Right for Buying Bitcoin?
eToro is an excellent platform for buying Bitcoin, especially for beginners. Its user-friendly interface, regulatory oversight, and unique features like fractional Bitcoin purchases and social trading make it stand out.
However, as with any investment, it’s essential to understand the risks. Bitcoin’s price can be unpredictable, so investing responsibly and staying informed is crucial.
If you’re looking for a straightforward and secure way to buy Bitcoin, I’d recommend starting with eToro. Open an account, use the demo tools to practice, and begin your Bitcoin journey with confidence.
FAQs
Yes, eToro is a regulated platform with advanced security measures like SSL encryption and two-factor authentication, making it a safe choice for buying Bitcoin.
You can buy as little as $10 worth of Bitcoin on eToro, which makes it accessible for beginners with smaller budgets.
Yes, you can transfer your Bitcoin to an external wallet using the eToro Money Wallet app, although transfer fees may apply.
eToro charges a spread fee for buying Bitcoin. The exact fee varies but is typically competitive with other major platforms.
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Buy Bitcoin on eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.