If you’re in the market to purchase bitcoins, eToro is one of the premier venues to do it. They provide commission-free investments with non-leveraged buy positions regulated by financial authorities.
Start by visiting the Bitcoin page and selecting “Buy.” Next, input how much USD you wish to invest – minimum investment amount is $10.
eToro offers commission-free investing
eToro offers commission-free investing in an extensive array of assets. Unlike many brokerages, eToro doesn’t charge opening or deposit fees when investing in stocks and ETFs – however other fees such as inactivity fees and currency conversion fees do apply.
Beginners can quickly use this platform, making their investment journey effortless. Once registered and linked to their debit card, users must choose an asset or create a watchlist of assets they are interested in before investing and tracking its price movements.
To buy Bitcoin on eToro, navigate to the Bitcoin page and select “Buy.” Next, choose either Trade or Order before selecting an amount you would like to invest (fractionally purchased and minimum investment $10 is acceptable). Afterward, click ‘Open Trade’ and your Bitcoin will be added to your portfolio – with an associated flat $5 withdrawal fee and 1% trading fee charged by eToro for every Bitcoin trade made on their platform.
It offers non-leveraged buy positions
eToro differs from dedicated crypto exchanges by not offering direct sales of Bitcoin; rather, it provides “long” positions on underlying assets (i.e. real stocks or cryptocurrency). By owning these assets directly you would receive dividends should their respective companies issue them; however, these purchases also lack custodial wallets and fees may be higher than dedicated crypto exchanges.
On eToro, you can purchase Bitcoin using credit or debit cards, prepaid cards or wire transfers – deposits are free while withdrawals are fast. Plus, with its user-friendly dashboard designed specifically for novice investors and minimum deposits set at only $10!
Note that overnight fees will be assessed when placing non-leveraged BUY CFD orders on cryptoassets, to cover associated trading costs. This practice mirrors how most investment brokers work. All fees are listed before you confirm your order in an open trade window for transparency purposes.
It is regulated by financial authorities
Many investors find the Bitcoin market and its history confusing, although there are resources that can provide you with basic knowledge. Do your research first before investing any funds – this will provide greater peace of mind when purchasing or selling bitcoins.
Bitcoin is a highly liquid asset, meaning that it can easily be exchanged back for fiat currency at any time if necessary, making the investment far less volatile than real estate or bonds. Furthermore, bitcoin provides an ideal alternative to other illiquid assets like stocks and mutual funds.
eToro is a multi-regulated broker that adheres to the stringent standards set out by several top financial authorities worldwide. Furthermore, both its European and UK entities are licensed by the Financial Conduct Authority – meaning your assets will be safe in an event of an economic catastrophe.
It offers a social feed
eToro provides more than its signature CopyTrader and Popular Investor Program features; its platform also boasts an interactive social feed, making the trading experience feel more like social media than typical stock brokerage. Traders can follow other traders, add posts of their own to the feed, and gradually build personalized portfolios over time. Notifications will alert traders if an asset in their watch list becomes volatile or when one they’re copying posts an update – these notifications are available both on the web and mobile platforms.
The app also offers stock trading without commissions on US listed stocks (regulatory FINRA and SEC fees may apply), granting every new account with $100,000 for practice in both real and virtual trading, with both available at any given time. In addition, an educational section offering videos, articles, calculators, etc is included as well; unfortunately its range of topics remains narrow without material on financial advice or goal planning.