How to Buy Ethereum on eToro: A Guide for Beginners

How to Buy Ethereum on eToro?

Step 1 - Register and Create an account

To buy Ethereum on eToro, it is necessary to register and create an account first. eToro makes the whole process of registration and creating an account easy and convenient for its users. First, you need to go to the eToro official website and then click on the “Join Now” button to create an account.

[converter id=”eth-ethereum” url=”https://bit.ly/3YIckb1″]

You need to enter some basic details like your name, email address and create a strong password. Once you ensure that all your details are correct, confirm and create the account. 

Step 2 - Login and Verify your Identity

After registering, you can now use the same username and password to log in to your eToro account. Now, you need to verify your account by verifying your email address or by using text messaging. 

It is also important to verify your identity using your identity card and address proofs like utility bills and bank statements. Verifying your identity is a non-negotiable process to comply with KYC and AML guidelines. Moreover, you cannot trade assets without verifying your identity on eToro. 

Step 3 - Add Money to Your eToro Account 

As part of the next step, you need to deposit money into your eToro account. The eToro platform sports different kinds of payment methods. They include bank transfers, online payments, and card payments.

You need to select the “Deposit funds” option and then select the payment method through which you would like to transfer money. After that, you need to enter payment details like bank account number, name, etc along with the deposit amount. Enter all the details and confirm the transaction to add money to your account. 

Step 4 - Search the Watch list for Ethereum 

Next, you need to go to the “Watchlist” section on the dashboard of your eToro account. In that, search for Ethereum in the search bar. You can find it easily as it is one of the most popular and second-largest cryptocurrencies by market capitalization. 

Now, when you select Ethereum, you can find a separate page. It shows all the information like market performance, historical details, and other information related to Ethereum. Select the “Buy” option and enter the details to buy Ethereum on eToro. 

Step 5 - Enter Payment Details and Buy Ethereum on eToro 

In the next step, you need to enter purchase details like how much money you wish to spend on Ethereum. Or, you can also select how many Ether coins you would like to buy. After entering these details, choose the “Open trade” option to continue buying Ethereum. 

Before that make sure all the details are correct and you have verified your identity on the platform. Confirm the trade to buy Ethereum on eToro and you will receive it into your account. You can go to the “portfolio” section to see the Ethereum you’ve bought on the platform. 

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