How to buy Bitcoin on eToro App?

eToro app is a simple and convenient way to buy Bitcoin

Bitcoin is the most popular and valuable cryptocurrency in the market, and many investors and traders are interested in buying it. However, buying Bitcoin can be a daunting task for beginners, as it involves choosing a reliable platform, creating an account, verifying your identity, funding your account, and placing an order. In this article, we will show you how to buy Bitcoin on eToro app, one of the leading social trading platforms that offers a simple and user-friendly way to buy Bitcoin and other cryptocurrencies.

Step 1: Sign Up and Verify Your Account

Begin by downloading the eToro app from the App Store or Google Play Store. Once installed, sign up for an account and proceed to complete the verification process by providing the required personal information and documentation.

Step 2: Fund Your Account

After your account is verified, proceed to fund it by selecting the "Deposit Funds" option. Choose your preferred payment method, enter the desired deposit amount, and follow the prompts to complete the transaction.

Step 3: Search for Bitcoin

Navigate to the "Trade Markets" section within the eToro app and use the search bar to find Bitcoin (BTC) among the list of available cryptocurrencies.

Step 4: Place an Order

Once you've selected Bitcoin, click on the "Trade" button and specify the amount of Bitcoin you wish to purchase. You can choose between a market order, which executes at the current market price, or a limit order, allowing you to set a specific price at which you want the trade to execute.

Step 5: Review and Confirm

Before finalizing the purchase, review the details of your order, including the amount of Bitcoin you're buying and the total cost. Once you're satisfied, confirm the trade to execute the purchase.

Step 6: Monitor Your Investment

After purchasing Bitcoin, you can monitor its performance within the eToro app and consider utilizing the platform's various tools for tracking price movements, setting alerts, and accessing market analysis.