We all understand that Bitcoin is the step forward in future. It is fully independent of banks and any regulators. The amount of currency related transaction is raising every day.
Bitcoin became a convertible and universally accepted payment method. The reason of that is the fact that Bitcoin investments provide very high income being one of the most efficient investments on the market. We have a long list of companies and corporations that put their money in this currency. But since you are already here we bet you know how profitable the Bitcoin is.
You can check it yourself. All you need is a registration on the eToro site. You can do this by following the link below.
A step like this is only for those who has a goal to dominate. Use eToro to check all the recommendations and you’ll be one step forward in this competition. Because eToro is one of the leaders in finance techs. Studies show that eToro is the biggest investment-related social network in 2021. It has millions of registrations and a unique set of tools for trading and investments. The company was approved by such regulators as CySec (Cyprus) and FCA (Financial Conduct Authority) in UK.
The platform security level is the known thing about eToro. Your transactions are safe when you use it.
eToro is an opportunity to raise any amount of money.
eToro is a fast and simple way to start earning money by getting high commission.
eToro makes all the payments in time and with no limitations.
eToro has a huge amount of efficient marketing tools.
eToro provides the contragents analysis and give all the answers for the questions related to the marketing.
eToro has the maximum social network presence and the target auditory on the global scale.
eToro has a wide variety of reports and guaranties complete transparency.
There is a growing interest in investing in Bitcoin (BTC). Indeed, there is a growing interest from individual investors in 2021. Indeed, this crypto-money represents an attractive alternative to traditional investments that are currently not very remunerative.
But how to invest and where to start?
In this guide, we explain why and how to invest in Bitcoin and the best brokers to do so. Then, we will explain why Bitcoin is better than other crypto-currencies, how much money can be invested in it, and how much you can expect to earn.
How to invest in Bitcoin in 5 steps?
- Register on eToro by following this link
- Create a Bitcoin account on the broker’s platform
- Funding your account
- Select Bitcoin and click on “buy”.
- Open a Bitcoin trading position
Investing in Bitcoin isn’t as difficult as you might think, if you have the right broker and follow these few simple steps.
How do I invest in Bitcoin? Tutorial
In this section, we will explain in detail how to invest in Bitcoin crypto currency.
Step 1: choosing a broker
First of all, you will need to choose a good online broker to invest in CTP and crypto-currency. Our recommended platform is eToro.
eToro: the best broker to invest in Bitcoin in 2021
Founded in 2007, this exchange platform offers the purchase of more than a dozen crypto-currencies including Bitcoin. However, it should be noted that this platform also offers investments in shares as well as trading assets in CFDs (“Contract For Difference”). It is one of the most used in Europe with nearly 10 million registered members to date.
What sets eToro apart from its main competitors is that it offers a copy trading function that allows you to replicate the positions taken by other traders on the platform.
In addition, a mobile application is available to manage your investments from your smartphone. Another major advantage is that the company is approved and regulated by regulatory authorities such as CySec (Cyprus) and the FCA (Financial Conduct Authority) in the United Kingdom. This may be another reason to trust this broker.
Step 2: Open a Bitcoin account
Then open your Bitcoin trading account. Just follow these 3 steps:
Before investing on the eToro platform, you must, of course, open an account if you are a new customer. If not, create an account now. The procedure is quick and easy.
On the eToro page, find and click on the “Join Now” or “Trade Now” button.
On the following web page you will see an electronic form where you can enter the personal data that are necessary to open a new trading account.
Please enter all relevant personal information in this form. Logging in via Facebook or Gmail is an additional option.
Once your account has been created, log in to it.
Step 3: Funding your Bitcoin account
The eToro platform gives you the opportunity to open your own trading account with a minimum deposit amount of only 200 United States Dollars (USD).
Please note that all customer accounts, including those of French customers, are held in US Dollars (USD) and not in Euros (EUR). Therefore, your deposit will be immediately converted into USD at the exchange rate in effect at the time of deposit.
All subsequent deposits must be at least 250 USD.
For your convenience, different deposit methods are available: bank transfer, credit card (Visa, MasterCard, Maestro), PayPal, Neteller and Skrill.
It is also possible to credit your eToro account by bank transfer, with a minimum deposit of $500 USD. But in this case, the funds will not be credited to your account immediately, it will usually take between 24 hours to 72 hours depending on the bank.
Step 4: Open a position on the Bitcoin
Once you are logged into your eToro Account, to purchase Bitcoin, first click on “Markets” (red arrow 1), then “Crypto” (red arrow 2) and then Bitcoin (red arrow 3). The screenshot below shows you how to do this:
- The letter “B” means buy Bitcoin and “S” means sell Bitcoin.
- Click on the “B” in the Bitcoin line to start buying. Then simply enter the amount of Bitcoin you wish to buy.
- Then click “Buy” (without changing any other settings) and your transaction will be completed in seconds. Now your first Bitcoins are now stored in your eToro Account.
Step 5: Opening a leveraged position
For the more daring, it may also be interesting to buy Bitcoin on eToro using leverage. To do so, you need to do so via CFDs (“Contract For Difference”). In practice, this allows you to multiply the amount of your Bitcoin exposure relative to your initial capital.
With this leverage, you have more capital at your disposal for trading. This means you can make a greater profit, but it also means higher risks because gains and losses are calculated on the basis of the total amount of your position and not on the amount deposited in your account in the first place.
We recommend caution when trading leveraged CFDs. Only do so if you are careful to limit any losses quickly. You can do this by using stop loss levels where your position will be automatically cut off as you can potentially lose more than your initial capital with leverage.
As for the rest, buying Bitcoin CFDs on eToro is very similar to a traditional transaction to buy BTCs. To do so, you will see the window you already know:
On the red arrow 1 in the picture above, you need to indicate the amount you want to invest. Then you choose the leverage multiplier “X2” (see arrow 2). For Bitcoin, eToro does not currently offer any leverage greater than 2.
Next you need to check your Stop Loss and Take Profit settings, the latter being the price level at which you want to take your profits.
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