Over the last decade, Bitcoin has worked its way into the mainstream, resulting in a range of new and more convenient ways to buy Bitcoin, including with a credit card. You can purchase Bitcoin with a credit card on eToro by signing up and registering your details.
In this guide, you can learn how you can buy BTC with a credit card on eToro in just four steps.
How to Buy BTC With a Credit Card
Buying Bitcoin with a credit card is in many ways similar to any other online purchases. To do so on eToro involves following a few steps. First you will need to register, link your card, and then execute your trade.
- Register: Navigate to the eToro website and register to create an account.
- Link your credit card: Once your account is fully registered, link your credit card to your account.
- Build your order: Navigate to the Bitcoin page and select BUY. Here, you can enter how much BTC you’d like to purchase in either dollars or BTC.
- Execute your trade: When ready, select the OPEN TRADE button and your bitcoin will appear in your account.
Tip: eToro will securely store your card information in case you want to make another BTC credit card purchase later.
Bitcoin Fees
All trading involves fees, but minimising administrative costs has a direct impact on your trading bottom line. Crypto trading used to have a reputation for involving hidden fees, but as it is becoming more widely adopted, service providers are reacting to customer demand for more transparent pricing.
When it comes to investing, eToro charges a fixed 1% fee for buying or selling cryptoassets. This fee is included in the price we show when you open or close a position. The 1% fee is added to the market price (Bid-Ask spread). When you close a position, the selling fee is adjusted to reflect the market price of the cryptoasset at that time.
| Fee type | Market hours | Fee |
|---|---|---|
| Trading fees | 24/7 | 1% |
| Fee type | Deposit fee | Withdrawal (minimum $2) |
|---|---|---|
| Transaction fees | $0 | $0 |
Advantages of Buying Bitcoin With a Credit Card on eToro
eToro is very accessible; we have over 20 million users across 100 countries and operate 24 hours a day, seven days a week. Aside from the global opportunities, there are several more reasons to use eToro for buying Bitcoin with a credit card.
- Fast transactions.
- Mobile app for trading on the go.
- Security features such as SSL encryption and two-factor authentication to keep funds safe.
- Transparent and low-cost transaction fees compared.
- A variety of deposit and withdrawal options.
Tip: Remember, you don’t have to purchase a full bitcoin; you can always buy fractional amounts.
Final thoughts
Being able to use a credit card makes the process of buying Bitcoin more straightforward. And when administrative tasks are streamlined, it allows more time to be spent on the important task of carrying out the necessary research to determine the best time to buy.
Learn more about Bitcoin by joining the eToro Academy.
FAQs
- Can I transfer crypto I hold elsewhere to eToro?
-
Yes. You can transfer crypto from other accounts to your eToro account. As eToro is a multi-asset broker, you can use the platform to convert your crypto to fiat currency and invest in other types of assets such as stocks, bonds, commodities and forex.
- What is the eToro Money crypto wallet?
-
The eToro Money crypto wallet is eToro’s easy-to-use, multi-crypto, secure digital wallet. You can use it to store and transfer crypto, and it is accessed by downloading the app and logging in using your eToro credentials.
- What will happen to the price of Bitcoin?
-
Although many people will tell you that they know what will happen to the price of Bitcoin, the truth is that no one knows for certain. If you’re considering buying Bitcoin, then you will need to carry out extensive research to form your own ideas on the prospects of BTC.
This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any financial instruments.
This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Not all of the financial instruments and services referred to are offered by eToro and any references to past performance of a financial instrument, index, or a packaged investment product are not, and should not be taken as, a reliable indicator of future results.
eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this guide. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose.