Did you know that you can stop looking where to buy Bitcoin, and can do it from the comfort of your home in less than 10 minutes from start to finish? Once you have found a suitable broker, it's just a case of making a deposit and deciding how many Bitcoin tokens you wish to buy.
In this beginner's guide, we explain how to buy Bitcoin in the USA, how to buy Bitcoin UK, and where to buy Bitcoin by using a low-cost broker that is regulated by the SEC and offers a wide range of payment methods.
The 4-step process of how to buy Bitcoin can be found below. Follow the steps to buy Bitcoin from eToro for just $10 right now.
Step 1: Open an eToro account – You will first need to open an account with the top Bitcoin exchange eToro. Follow the on-screen instructions by entering your contact information and personal details.
Step 2: Deposit Money – Next, choose your preferred payment method and deposit at least $50. At eToro, you can choose from debit/credit cards, e-wallets, and online banking.
Step 3: Search for Bitcoin – Enter 'Bitcoin' into the search bar and click on the 'Trade' button. You will now see an order box appear on your screen.
Step 4: Buy Bitcoin – Specify how much you wish to invest in Bitcoin – ensuring that you meet the minimum of $10. Finally, click on the 'Open Trade' button.
It's as simple as that – and what's more, eToro lets you buy Bitcoin with a typical spread of just 0.75%.
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68% of retail investor accounts lose money when trading CFDs with this provider.
When learning where to buy Bitcoin online, you should ensure that you choose a trusted broker to complete the process. Your chosen broker should also offer low fees and support for your preferred payment type.
In the sections below, we discuss where to buy Bitcoin cost-effectively and securely.
We found that eToro ticks all the right boxes when it comes to buying Bitcoin online. This broker is heavily regulated – with licenses from the SEC, FCA, CySEC, and ASIC. eToro is also a FINRA member and is tipped to go public this year. In total, more than 20 million clients use the eToro website to buy and sell financial instruments.
In terms of how to buy Bitcoin from this broker, you will first need to open an account and make a minimum deposit of $50. You can do this via a debit/credit card payment, bank transfer, or through an e-wallet like PayPal. The minimum amount of Bitcoin you can buy at eToro is just $10 and your trade will be executed on a spread-only basis.
As such, this makes eToro one of the cheapest places to buy Bitcoin. We also like the passive investment tools offered by eToro. For instance, the CryptoPortfolio allows you to invest in a broad basket of digital currencies through a single trade. This portfolio will be managed by the eToro team. The broker also offers a fully-fledged Copy Trading feature.
The good thing about eToro is that you can buy Bitcoin and store it in their etoro wallet. The eToro wallet is one of the best bitcoin wallet available today.
If you can't stomach the risks that come with investing in cryptocurrencies, you could invest in publicly traded companies that utilize blockchain technology and cryptocurrency trading. As such, many crypto-hungry investors interested in how to buy Bitcoin stock will find a bunch of Bitcoin stocks on eToro with low fees and cutting-edge charting tools.
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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Next up we have Webull – which is a popular online broker regulated by the SEC. Webull serves millions of clients across the US and allows you to open an account without needing to meet a minimum deposit. You can fund your Webull account via ACH or bank wire. Once your account is set up, you can proceed to buy Bitcoin at 0% commission.
Take note, the spreads at Webull are less competitive in comparison to eToro. Nevertheless, Webull supported fractional investments – so you only need a couple of dollars to buy Bitcoin. You can also invest in other cryptocurrencies at this brokerage – as well as ETFs, stocks, and funds. Webull also offers retirement accounts and a top-rated mobile app.
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Your capital is at risk.
Coinbase is a popular cryptocurrency exchange and broker that allows you to buy Bitcoin with ease. You can pay for your Bitcoin investment with an instant debit card payment, albeit, this will cost you 3.99% in fees. You can also transfer funds via ACH for free, but you will still be charged a commission of 1.49% when you complete the trade.
You will find the Coinbase website and mobile app very simple to use – as both platforms were designed with beginners in mind. Coinbase also offers dozens of other digital assets – including ERC-20 tokens and DeFi coins. You can also apply for a Visa debit card that allows you to spend your crypto holdings in the real world. If you're looking for more information on this crypto exchange read our in-depth Coinbase review here.
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You should be aware that the risk of loss in trading or holding Digital Currencies can be substantial.
If you're wondering how to buy and sell Bitcoin online in a low-cost and burden-free manner – below you will find a comprehensive walkthrough.
Simply follow the tutorial below to buy Bitcoin via SEC-regulated broker eToro in under 10 minutes.
As you will be buying and selling Bitcoin with US dollars, you will first need to open an account. You can do this by visiting the eToro website and providing the broker with some personal information.
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After choosing a username and password, confirm your cell phone number. Finally, enter a few details about your historical trading experience and proceed to the verification stage.
eToro is regulated by multiple licensing bodies – including the SEC. As such, you will now need to provide the broker with a copy of your government-issued ID. This can be a passport or driver's license. eToro will automatically verify your document – so you should be able to proceed in under two minutes.
You can now deposit funds into your account. This needs to be at least $50 and if you are depositing in US dollars – no fees apply.
Choose from a debit or credit card to buy Bitcoin instantly. PayPal, Neteller, and other supported e-wallets are also processed without delay. ACH and traditional bank wires might take longer.
You can now proceed to buy Bitcoin via the eToro website. Simply enter Bitcoin into the search box and look for the digital asset to appear from the drop-down list of results.
Once you click on the 'Trade' button, you will see an order box appear on your screen.
Look out for the 'Amount' box and enter the size of your Bitcoin purchase in US dollars. As noted earlier, the minimum at eToro is just $10 – so you can enter any amount above this figure.
To complete your Bitcoin purchase, click on the 'Open Trade' button.
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With so many brokers and exchanges active in the cryptocurrency arena – you now have many ways to buy Bitcoin online.
Below we discuss the most common methods of investing in this digital currency for your consideration.
The easiest and most convenient way to buy Bitcoin is with a debit/credit card issued by Visa or MasterCard. All you need to do is open an account with a suitable broker and enter your card details to complete the investment process.
However, be sure to check what fees apply – as many brokers will charge in the region of 3-5%. eToro, on the other hand, allows you to deposit funds with a debit/credit card fee-free (USD only).
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If you have some money in your PayPal account, this is another option for you to consider. eToro is one such broker that allows you to buy Bitcoin using PayPal with ease.
Simply select PayPal from the list of deposit options, choose how much you wish to add to your account, and enter your login details.
After confirming the transaction, eToro will add the funds to your brokerage account instantly.
The other way to buy Bitcoin online is to use an alternative e-wallet like Neteller or Skrill. These e-wallets, alongside Klarna, are also supported on the eToro platform.
Buy Bitcoin on eToro
Bitcoin is a volatile asset class that won't be for all financial profiles. As such, be sure to perform lots of research before you proceed. Before we move on, a popular question that gets asked is 'where to buy Bitcoin'. While there isn't a perfect time to buy BTC, some market analysts suggest Monday could be the ideal time for HODL. There are many brokers available in the USA and UK for you to buy Bitcoin. eToro, Coinbase, and Webull are just the ones worth mentioning.
To help you along the way, below we explain some of the main reasons why you might decide to buy Bitcoin today.
Had you invested just $100 into Bitcoin when the network was first launched in 2009 – you would now be a millionaire. The good news is that Bitcoin is still generating huge financial returns. For example, in early 2017, the digital currency was priced at just $1,000.
In 2021, Bitcoin hit highs of almost $69,000. This means that by holding Bitcoin for just five years during the aforementioned period, you would have seen gains of over 6,800%.
Although the Bitcoin network can facilitate fast, secure, and low-cost transactions – many market commentators argue that the digital currency is more congruent as a store of value. This is because there is a limited number of Bitcoin tokens and the supply cannot be manipulated.
Furthermore, some believe that Bitcoin operates well as a hedge against the broader financial markets. For example, while many stocks suffered huge losses in 2020 as per the pandemic, Bitcoin rallied.
Another reason to consider buying Bitcoin is that the digital currency is perfect for a dollar-cost averaging (DCA) strategy. This is because brokers like eToro allow you to buy Bitcoin at a minimum outlay of just $10.
This means that you could, for example, invest just $10 every week for 12 months. In doing so, you would obtain a different cost price on each transaction, and thus – you would not need to worry about the volatile nature of Bitcoin.
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We will cut straight to the point. The best places that you should look into where to buy Bitcoin in the USA is either eToro or Webull.
eToro has over 10m users worldwide, and Webull has one of the best taxes in the market.
If you're still wondering where to buy Bitcoin in the USA, then you should pick either one of those two.
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Same as the last paragraph, if you're looking where to buy bitcoin UK, you should invest in either eToro, as it's regulated by the FCA, or other options like Coinbase. The problem with Coinbase though is that their fees are rather high.
There are places where you can buy Bitcoin in the UK which are just smaller shops that have a Bitcoin ATM in them for example.
If you're looking to buy Bitcoin online, then you should definitely look into eToro.
If you are wondering how much Bitcoin to buy, this will ultimately depend on your financial objectives, available budget, and risk appetite.
As noted in the above section, perhaps the best way to buy Bitcoin is through a DCA strategy – as opposed to investing a one-off lump sum.
This will give you the best chance possible of avoiding wild market pricing swings. Nevertheless, at eToro, you can buy Bitcoin by meeting a minimum investment of just $10. Furthermore, you'll only have to pay a typical spread of 0.75%.
This article has outlined how to buy Bitcoin using a fully regulated crypto broker like eToro. Most beginner crypto traders ask how do you buy Bitcoin in 2022? We found eToro to be the cheapest and safest option when it comes to adding Bitcoin to your investment portfolio.
To complete the process in under five minutes, simply open an account with eToro and instantly deposit funds with a debit/credit card on a fee-free basis.
Then, you can proceed to buy Bitcoin from just $10 upwards.
Buy Bitcoin on eToro Today
How do you start to buy Bitcoin?
Open an eToro account, deposit some funds, and proceed to buy Bitcoin for $10.
Yes, you can buy Bitcoin with PayPal at SEC-regulated broker eToro.
After reviewing dozens of brokers, we found that eToro is the best place to buy Bitcoin in 2022. This is because there are no deposit fees, low fees, and the typical spread involved when buying Bitcoin is just 0.75%.
Yes, the minimum Bitcoin investment requirement at eToro is just $10.
If you execute a dollar-cost averaging strategy, you can buy Bitcoin at any time.
If you want to buy Bitcoin with fiat money, you will need to provide your chosen broker with some ID. Alternatively, you could use a decentralized exchange (DEX) to buy Bitcoin anonymously.
Wearables, some automobiles, and certain food outlets accept Bitcoin as a payment method. As more institutional investors start adopting BTC, you can expect the list of things you can buy with the leading crypto to increase.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.