Ethereum is one of the most popular cryptocurrencies of all time. As a result, several people want to know how to buy Ethereum on eToro. According to the reports, eToro is a popular platform to buy crypto chips. So, you may like to know that it’s pretty simple to buy this crypto chip from this platform.
If you are curious about the process, you are at the right place. Here we will share all you need to know about the process of buying the digital crypto, Ethereum, from eToro. So, thankfully, you can pretty easily accomplish this feat once you go through this article. However, before that, let’s take a look at Ethereum and ETORO.
An Overview Of Ethereum
So, a lot of people may like to know that Ethereum is the second-largest cryptocurrency in terms of market value. Moreover, it goes at a consistent rate at all. So, there’s no doubt about the fact that Ethereum is the heart of blockchain.
It also affects finance, art collectibles, technology, and gaming. As such, it provides a platform for creating as well as deploying dAPPs. In fact, it also features self-executing contracts that can easily execute transactions. Considering how it’s an open-source blockchain, its future is tied to the industry.
What Is EToro Platform?
Since we have an idea about Ethereum, it’s time to talk about Etoro. Readers may like to know that EToro is a brokerage and social trading platform where crypto lovers can buy cryptocurrencies. So, you can choose your favorite crypto here among 80 others and start trading instantly.
It’s secure because it offers 2FA verification, multi-signature capabilities, FDIC-insured USD balances, and more. The user base has already increased, surpassing 31 million members. It’s a steep rise in the eTORO and shows its popularity.
Process Of Buying Ethereum On Etoro
Since we have a sufficient idea about Ethereum, let’s take a look at how you can purchase it on Etoro. If you are someone who’s having questions such as “How to buy Ethereum on Etoro”, then follow the below steps.
Register and Create an Account
Firstly, you need to register and create an account on eToro to buy Ethereum. This platform simplifies the registration process. So, in order to register, you need to go to the official Etoro site and select “Join Now”. Thereafter, you need to give your name, email, a strong password, etc. Once you confirm it, you can create the account. Next, you will get a verification mail. Click on it and you will successfully register.
Login & Verify Your Identity
The next step is to log in to your eToro account with your username and password. So, once you do that, it’s time to validate your account through email or SMS. You can give utility bills, bank records, AML regulations, KYC, etc to verify your identity.
So, once you have validated your identity, you should fund your eToro account. Notably, you will find different payment options available here. For example, this platform has Bank transfers, card and internet payments, etc. So, select Deposit Funds, and choose the payment method to transfer money, and then input your bank account number, name, amount of money. Once you do that, you can complete the transaction and confirm.
Find The Ethereum To Buy In The Watch List
The next step involves visiting the eToro dashboard’s Watchlist and entering Ethereum in the search bar. You will easily find it because it’s the second most popular crypto coin. A new page will appear and you need to pick Ethereum. So, click on the Buy button and input your credentials.
Buy Ethereum On The Platform With Payment Details
So, in the final step, you need to input Ethereum purchasing details, such as the amount, and more. Moreover, you can also choose how many Ether coins you want to buy. Continue buying by clicking Open Trade after completing these data points. So, once you verify your identity on-site, you can confirm the deal with eToro.
As we can see, it’s pretty easy to buy Ethereum on the eToro platform. So, all you need to do is to follow the steps we mentioned above. If you find any problem, you can reach out to customer service.
Also Checkout: 6 Advantages Of The Ethereum Blockchain