How to use eToro to make money 🚀| Bitcoin, Etherem🚀

eToro is a social trading platform where you can do trading by buying and selling stocks.You can use eToro to make money online. You can buy and sell cryptocurrency and stocks of any company.This article is about how to use eToro to make money and how to buy stocks online.

About eToro

eToro is a social trading and multi-asset brokerage platform that allows users to trade a variety of financial instruments, such as stocks, cryptocurrencies, commodities, indices, and more. It was founded in 2007 and has grown to become one of the world’s leading online trading platforms. You can easily use eToro to make money.

eToro gained popularity for its unique social trading feature, which enables users to interact with each other, share trading ideas, and even copy the trades of successful investors in real-time. This social aspect creates a community-driven trading experience and allows less experienced traders to follow the strategies of more experienced ones.

Key features of eToro include:

Social Trading: Users can see and interact with other traders, follow their activities, and replicate their trades if they wish to.

CopyTrading: This feature allows users to automatically copy the trades of top-performing investors on the platform.

Wide Range of Assets: eToro offers access to various financial instruments, including stocks, cryptocurrencies, commodities, indices, currencies (forex), and more.

User-Friendly Interface: The platform is designed to be user-friendly and accessible, making it attractive to both beginners and experienced traders.

Regulation and Security: eToro is regulated by financial authorities in several jurisdictions, ensuring compliance with applicable rules and providing a level of trust for users.

Mobile App: eToro provides a mobile app that enables users to manage their trades and portfolios on the go.

how to create an account on etoro

1) Register on eToro

Fill a form and choose usename. You’ll then be asked to verify your email address.

2) Complete your Profile

Ensure the security of your account and personalize the eToro platform according to your preferences while investing responsibly. Rest assured that all information provided is confidential and crucial for eToro’s compliance as a regulated financial institution.

The initial segment involves providing basic personal details to fulfill regulatory identity verification requirements.

Following that, you’ll find a few questions about your trading experience. It’s vital to answer truthfully.

In the “Planned investments” section, we solely focus on “Stocks” since other instruments entail higher risks.

Please note that this guide does not consider ‘leveraged trading’ or ‘CFDs’ due to their high-risk nature.

3) Deposit

Click ‘Continue to deposit’ (or ‘Deposit Funds’ at the bottom left).

You can deposit $10 minimum on eToro.At eToro, we can only process deposits made from a payment method registered in your name.

Please take note that eToro primarily operates in US dollars ($USD). However, we also accept deposits in other major currencies, including British Pounds (£GBP). Any deposits made in a different currency will be converted to US dollars ($USD) and reflected in your account accordingly.

3) Overview of eToro platform:

Home menu: You have the ability to view all recent actions and communications of the traders you are following.

Watchlist: You have the option to categorize and arrange the individuals and markets you wish to copy or invest in. You can create various lists, such as ‘promising stocks’ or ‘people to copy’, to efficiently manage your preferences and interests.

Portfolio: Consider this as the central hub of your investment journey. From here, you can easily access and observe all your active trades with real-time tickers and values, allowing you to keep a close eye on your performance.

Discover: This platform serves as your research and trading hub, providing access to a wide range of markets, including stocks (e.g., Apple), currencies (e.g., GBP/USD), cryptocurrencies (e.g., Bitcoin), commodities (e.g., gold), and indices (e.g., UK100), along with ETFs and NFTs. However, for the purpose of this guide, our focus is solely on stocks.

CopyTrader: On the Discover page, you’ll find eToro’s CopyTrader feature (scroll down or click here). With CopyTrader, you have the opportunity to explore and browse through various traders whom you may consider copying or following. To make your search more effective, the platform offers a wide range of helpful filters. You can use these filters to refine your search based on specific criteria, such as preferred markets and performance metrics. This way, you can easily narrow down the results and find traders that align with your investment goals.

how to buy bitcoin on etoro

  1. Register and Create an eToro account

2. Deposit: Link your new eToro account to your bank account. Now, you’re ready to request a transfer of funds from your bank account to your eToro account.

3. Buy: Select the BUY button next to bitcoin (BTC), and then select how much you’d like to own (either in dollars or in units). Select OPEN TRADE and the Bitcoin you have purchased now appears in your portfolio.

How to buy bitcoin with an ACH transfer

An ACH transfer is a convenient electronic method to transfer funds between different banks. The term “ACH” stands for Automated Clearing House, which is a network utilized by the banking industry to process such transactions.

If you’ve ever made online bill payments using your bank account or received direct deposits from your employer, you’ve already experienced ACH transfers. The good news is that you can use the same simple and secure online banking method to purchase bitcoins through an ACH transfer. It’s a seamless way to add bitcoins to your wallet or investment portfolio.

The information and images used in this article taken from eToro website.

What are the fees for buying bitcoin with eToro?

Trading fees:

Market hoursFee
24/7
1%

Transaction fees:

Withdrawal (minimum $30)$0

How to buy ethereum on eToro:

Step 1: Creating an eToro Account

To start your journey of buying Ethereum on eToro, you first need to create an account on the platform. Follow these simple steps to sign up:

  1. Visit the eToro website: Open your web browser and navigate to the official eToro website.
  2. Registration process: On the homepage, locate the “Sign Up” button and click on it to initiate the registration process.
  3. Provide your details: Fill in the required information, including your name, email address, and desired password. Alternatively, you can sign up using your Google or Facebook account for convenience.
  4. Terms and conditions: Take a moment to read and accept the terms and conditions of eToro. Understanding the platform’s policies and guidelines is crucial before proceeding.
  5. Complete the registration: Click on the “Create Account” or a similar button to finalize your registration. You might receive a confirmation email to verify your email address. Follow the instructions in the email to complete the verification.

Step 2: Depositing Funds into Your eToro Account

The next step in buying Ethereum on eToro is depositing funds into your eToro account. Follow these steps for a smooth and hassle-free process:

A. Accessing the “Deposit Funds” Option on eToro

  1. Log in to your eToro account: Visit the eToro website and enter your login credentials to access your account.
  2. Navigate to the deposit section: Look for the “Deposit Funds” option, which is typically located in the main menu or within the account settings.

Step 3: Choosing Your Preferred Payment Method

eToro offers various payment methods to deposit funds. Here are your options:

  1. Credit/Debit Card: If you prefer using your card, select the credit/debit card option. Enter your card details, including the card number, expiration date, CVV, and billing address.
  2. Bank Transfer: For direct transfers from your bank account, choose the bank transfer option. eToro will provide you with their bank account number and reference code. Use this information to initiate the transfer from your bank’s website or app.
  3. E-wallets: eToro also supports popular e-wallets like PayPal, Skrill, and Neteller. Select your preferred e-wallet and follow the prompts to link your e-wallet account with eToro.

C. Step-by-Step Guide to Completing the Deposit Process

  1. Choose your deposit amount: Enter the desired amount you wish to deposit into your eToro account. Ensure you have sufficient funds available for your chosen payment method.
  2. Review deposit fees: Take a moment to review any applicable deposit fees. eToro may charge a certain amount for certain payment methods. Be aware of these fees before proceeding.
  3. Verify transaction details: Pause and review the transaction details carefully. Confirm the accuracy of the deposit amount and payment method details before proceeding.
  4. Complete the deposit: Once you are satisfied with the details, click the “Submit” or “Deposit” button. You may be redirected to an external payment gateway to finalize the transaction.
  5. Confirmation: After the deposit, you’ll receive a confirmation message, and the deposited amount will be visible in your eToro account balance.

Step 4: Placing an Order to Buy Ethereum on eToro

Buying Ethereum on eToro involves placing an order, and we’ve got you covered with these steps:

  1. Find Ethereum on eToro: Use the search function and type “Ethereum” or “ETH” to find the correct option from the search results.
  2. Open the Ethereum trading page: Click on the Ethereum listing to access the Ethereum trading page. Here, you’ll find information such as the current price and charts.
  3. Click on the “Trade” or “Buy” button: Locate the “Trade” or “Buy” button on the Ethereum trading page and click on it to initiate the order placement process.
  4. Enter the purchase amount: In the order window, enter the desired amount of Ethereum you want to buy. Be mindful of any minimum trade size requirements set by eToro.
  5. Review order details: Take a moment to review the order details, including the purchase amount, current price, and any associated fees.
  6. Set stop loss level (optional): If you want to manage your risk, you can set a stop loss level. This optional step allows you to enter a price at which eToro will automatically sell your Ethereum if the market moves against you.
  7. Set take profit level (optional): Similarly, you can set a take profit level to secure profits automatically. This feature triggers the sale of your Ethereum when the market reaches a certain price.
  8. Confirm the order: Double-check all the order details for accuracy. Once you are satisfied, click the “Confirm,” “Open Trade,” or “Buy” button to execute the order.

With these steps, you’re well on your way to buying Ethereum on eToro and embarking on your cryptocurrency investment journey. Remember to stay informed and make wise decisions as you navigate the exciting world of digital assets.

Learn “How to buy Ethereum on Etoro” through this video

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