How to Buy Ethereum on Etoro Trading Platform?

Introduction

This article summarizes the process of how to buy Ethereum on Etoro trading platform. To buy other crypto including Bitcoin and altcoins, you can follow the same process. But before delving into this, let us acquire some basic knowledge about it

What is Etoro?

Etoro is a groundbreaking social trading platform. It has revolutionized the investment landscape by providing users with an expansive array of financial assets to explore. Delving into the depths of this multifaceted platform, individuals can traverse a labyrinth of possibilities, ranging from the pulsating realm of stocks to the enigmatic domain of cryptocurrencies, from the raw allure of commodities to the captivating tapestry of indices. Established in the distant year of 2007, it has burgeoned into an omnipresent force, attracting more than 20 million registered users hailing from every corner of the globe.

What are the Prominent Features of the Etoro Trading Platform?

It stands out for its robust social trading network, a key highlight that sets it apart. This unique platform empowers users to connect and engage with fellow traders, fostering a vibrant community of knowledge exchange. Through this network, individuals can not only interact but also learn from other experienced persons, gaining valuable insights and enhancing their own trading skills.

The platform encompasses a comprehensive suite of tools and features, catering to the diverse needs of the users. One of its prominent offerings is the CopyTrader functionality, a game-changer in the trading world. This ingenious feature allows users to automatically replicate the trades executed by top-performing people within the ecosystem.

By leveraging CopyTrader, individuals can benefit from the expertise and success of seasoned traders, potentially boosting their own trading performance.

To further instill confidence and trust among its users, it operates under the regulatory framework of multiple jurisdictions. These include prominent regulatory bodies in the UK, Australia, and Cyprus, ensuring compliance with rigorous standards and providing a secure trading environment.

Recognized for its user-friendly interface and pioneering features, it has amassed numerous accolades in the industry. These awards stand as a testament to its commitment to delivering an intuitive and accessible trading experience, empowering both novice and seasoned traders alike.

How to Buy Ethereum on Etoro?

The steps to buy a crypto or stock or other assets are almost the same on this platform. Let us see how to buy Ethereum on Etoro.

1. Create Account

On your browser, open the Etoro platforms URL.
Click Login on the top right of the page.

This opens the Sign In Page. Click Sign Up.

On the Create an Account window, enter your details (Username, Email, Password) or sign in using your existing Facebook or Google account.

Enter a Username. Click the regulation and privacy policy agreement check-boxes. Click Create Account.
On Complete your Profile window, click Continue. Enter your profile details: Name, Gender, and Birthday. Click the arrow to go to the next page.
Enter your complete address along with your Social Security Number. Click the Next arrow.

Check the E-Sign Policy and Privacy Policy check-boxes. Click Confirm.

Select Your Trading Experience.

On the Planned Investments page, select Crypto.

On the Your Goal window, select your primary purpose for trading.

Select your Investment Period.

Select your Risk Tolerance.

Select the Additional Information option, whichever applies to you.

Enter Your financial details.

2. Verify Account

To establish yourself as a genuine trader, you need to verify your account first. For this, upload your identity and address proof documents to the platform. Once your account is verified, you can start depositing fiat to it.

3. Deposit Funds in Your Account

Select Deposit Funds on the left pane of the trading platform.

Enter the amount to be deposited and select the mode of fiat payment: Paypal, Debit Card, or Bank Account. Click Continue.

4. Buy Ethereum

In the search box on the top of the page, enter “Ethereum”.

This shows the Ethereum page. Click Buy.

On the Buy ETH page, select Trade/Order from the dropdown. Enter the units of Ethereum (in USD) or amount of Ethereum that you want to trade. Click Open Trade.

Is Etoro Legit?

Etoro seems to be a legitimate platform for trading. This can be predicted the way it is regulated by the top financial authorities like Financial Conduct Authority, the Cyprus Securities and Exchange Commission, and the Australian Securities and Investments Commission; this indicates that the platform is not a scam. Moreover, since it came into inception in 2007, its user base has increased considerably. But you must always analyse with your own diligence before you invest your money on this or any other trading platform.

Disclaimer

This article is for informational purposes only and is NOT a financial advice. We do not promote, in any form, any cryptocurrencies or tokens or trading platforms mentioned herein. The content of this article is based on the information available up to the knowledge. You should be aware that investing in any cryptocurrency is subject to market risk and you MUST do your own due diligence (DYOR) before you put any money in any of the coins.