How To Buy Ethereum On Etoro

How To Buy Ethereum On Etoro? A Detailed Guide To Buying Ethereum

Finance 20 December 2023 5 Mins Read

How to buy Ethereum on Etoro?

If you want to buy Ethereum, you can go to an exchange platform or to brokers. eToro is a popular exchange platform that is well enough for traders and investors of different interests.

Whether you are a beginner or a pro trader, this app should help you buy Ethereum at a pocket-friendly price.

Here is an article helping you use eToro to buy Cryptocurrencies. Keep reading.

What Is Ethereum?

What Is Ethereum

What is Ethereum? Well, if you are thinking of buying cryptocurrencies, the two most popular names that come to mind are Bitcoin and Ethereum. Ethereum is a blockchain network under which a popular cryptocurrency called ETH is available for transactions.

Developers can use the Ethereum blockchain to create smart contracts, dApps, and their own cryptocurrencies as well. These tokens will be backed up by the Ethereum Blockchain.

Read More: How To Buy Bitcoin On eToro? A Step-By-Step Guide

How To Buy Ethereum On eToro?

How To Buy Ethereum On eToro

Ethereum is one of the most famous cryptocurrencies right now, thanks to the dApps and smart contracts it provides. It is so popular that you will find Ethereum on just about any platform. But, before you choose any platform for buying Ethereum, look for the best one suited for that cryptocurrency. But here is how you will buy Ethereum on eToro –

Sign Up On eToro

You will find that eToro is a great exchange platform for buying Ethereum. First, you need to sign up on the platform if you want to buy Ethereum here. Don’t worry if you are still new. The platform provides easy steps to sign up and set up your eToro account.

You have to provide your personal information, such as your name, address, email address, and a government-issued ID. Now, all you have to do is create a username and secure it with a password, and you are ready to use this platform.

Account Verification

Well, I have already walked you through that process. You need your government-issued I.D. proof to get the account verified before you are ready to start trading. eToro accepts different I.D. proofs like a passport, driver’s license, social security, or other personal I.D. proofs.

Deposit Fiat Currency In Funds

If you want to start trading or buying Ethereum on eToro, you need to have some amount funded on the eToro account. Once you have transferred the fiat money, you are ready to purchase ETH on eToro.

Navigate To ETH

Now, you are ready to navigate to the ETH you want to buy from the search bar. There is a search bar where you can purchase the ETH from. You can place a market order and buy an Ethereum at the market price.

Why Buy Ethereum On eToro?

On eToro, there are never any outages. Buyers can go to the platform and purchase any cryptocurrency they want at any time of the day (24/7 and 365 days). However, here are some reasons why you may want to choose eToro over any other cryptocurrency trading platform.

Buy In Fraction

There is no need to buy a full Ethereum coin if you don’t want to. This platform allows you to purchase Ethereum in a fraction. Similarly, you can also buy Bitcoin and Dogecoin in fractions on eToro.

Easy For Beginners

This platform is pretty simple to use. So, no matter whether you are a beginner or a seasoned cryptocurrency trader, you can easily use this platform.

Minimal Fees

eToro makes your trading experience even better by not. The fees that you pay are always in front of your eyes and are transparent.

Demo Trading

Wait, so you are a new crypto trader! There is no way that you will get everything right from the get-go. That is why there is Demo Trading, which helps you learn how to trade cryptocurrencies like Ethereum.

Copy Trading

On eToro, there is a feature called copy trading. It allows you to shadow the trading practices of the most successful cryptocurrency traders on the platform.

Other Platforms For Buying Ethereum

eToro is not the only platform from which to buy an Ethereum. You will find many more platforms to buy Ethereum from.

Coinbase

Coinbase is one of the most popular platforms for buying any type of cryptocurrency. You will find many options for people who are new to trade. Although the fees on Coinbase are pretty high, it could be relatively more transparent. However, you must have a minimum account balance of $2.

Gemini

Gemini stands out for its commitment to security. Users can have their own crypto credit cards and buy cryptocurrencies from a wide variety of tokens. This platform is quite friendly and useful for beginners. If you want to buy cryptocurrencies in the U.S., this can be your go-to platform for that. In addition, Gemini charges no account fees.

Robinhood

If you want to trade cryptocurrencies without paying any commission, then try Robinhood for cryptocurrency trading. Robinhood had the same feature for stock investors. However, Robinhood comes with its own cryptocurrency wallet. So, investors who want to keep their stocks and cryptocurrency investments in one place will find it useful.

Crypto.Com

Crypto.com is one of the most user-friendly trading platforms in the world. Aside from its exchange platform, Crypto.com also has a mobile app you can use across 49 states in the U.S. Crypto.com app users will earn interest on the different Ethereum assets they earn.

Where Else Can You Buy Ethereum?

There are many platforms and marketplaces for buying Ethereum. You can get some from Bitcoin ATMs available in the U.S. However, here is a list of apps and brokers where you will find Ethereum for sale.

Cryptocurrency Brokers:

You can buy it from different brokers. Many traditional stock brokers are also offering limited sets of cryptocurrencies for purchase. If you want to diversify your stock assets and add some cryptocurrencies to it, then you can go for brokers. However, most of them won’t provide you with a wallet. So, remember that.

Cryptocurrency Exchanges:

You won’t have the same regulations as the stock brokers on Cryptocurrency exchanges. However, cryptocurrency exchange platforms are the best when it comes to choosing your payment method. You can fund your accounts through different mediums like credit/debit and other modes of payment. Also, the list of tokens available on this exchange is pretty long.

Cryptocurrency App:

Most cryptocurrency brokers also have their own mobile apps. Users can exchange any cryptocurrency on the go. Users can buy their favorite cryptocurrency using payment apps like Venmo.

Read More: How To Buy Dogecoin On eToro? Easy Steps To Buy Dogecoin

Final Words

How to buy Ethereum on eToro? Well, once you have given this article a quick read, you should have the answer to that. In addition, we have also provided several other ways of buying cryptocurrencies. Platforms like Robinhood, Coinbase, and Crypto.com are also pretty good. But before you choose any platform, choose the one that seems the most convenient to you.

Hopefully, you have found the answer to your questions. However, if you have any queries, please go to the comment section to let us know. Thank you for reading.

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Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.

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