How to buy Bitcoin on eToro app: A Comprehensive Step-by-Step Guide on Buying Bitcoin Through eToro”
Introduction:
In this digital age, cryptocurrencies have gained immense popularity, with Bitcoin leading the pack. If you’re new to the world of Bitcoin and want to explore the possibilities, eToro app provides a user-friendly platform to buy and trade Bitcoin with ease. In this article, we will guide you step-by-step on how to buy Bitcoin on the eToro app.
Step 1: Getting Started with eToro
To begin your Bitcoin journey on eToro, the first step is to download and install the eToro app from your preferred app store. Once installed, open the app and sign up for an account. Provide the necessary information and complete the verification process.
Step 2: Funding Your eToro Account
After successfully creating your account, it’s time to fund it. Tap on the “Deposit” button and select your preferred payment method. eToro offers various options such as credit/debit cards, bank transfers, and e-wallets. Choose the most convenient method for you and follow the instructions to complete the deposit.
Step 3: Navigating the eToro App
Once your account is funded, familiarize yourself with the eToro app interface. The app provides a user-friendly and intuitive experience, making it easy for beginners to navigate. Explore the different sections such as the portfolio, watchlist, and discover the available cryptocurrencies, including Bitcoin.
Step 4: Finding Bitcoin on eToro
To find Bitcoin on eToro, tap on the search bar at the top of the app screen. Type “Bitcoin” and select it from the list of available cryptocurrencies. This will direct you to the Bitcoin trading page, where you can view real-time price charts, market statistics, and other relevant information.
Step 5: Buying Bitcoin
Now comes the exciting part – buying Bitcoin on eToro. On the Bitcoin trading page, tap on the “Trade” button. You will be presented with different order types. For beginners, it is recommended to start with a market order. Enter the amount of Bitcoin you wish to purchase or the amount in your local currency. Review the transaction details and confirm the purchase.
Step 6: Managing Your Bitcoin Investment
Congratulations! You are now a proud Bitcoin owner. To manage your Bitcoin investment on eToro, navigate to the portfolio section of the app. Here, you can track the performance of your Bitcoin holdings, set alerts, and explore additional options like stop-loss and take-profit orders.