If you are interested in buying ethereum but don’t want to buy it on a traditional exchange, then Etoro is the perfect platform for you. This article will provide you with information on how to buy ethereum on eToro, ethereum transfer to the EToro wallet and eToro transaction fees.
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How to buy ethereum on eToro in 4 easy steps
Follow these steps to buy ethereum on eToro
Step 1: Create an eToro account
Registering for an eToro account is as simple as going to the official eToro website and filling in your personal information as required by the platform.
Step 2: Account verification
To ensure account security, eToro requires account verification. You will need to upload valid identification (either a passport or driver’s license) and proof of address (e.g. credit card statement/internet billing statement).
Step 3: Deposit fiat currency
As soon as your account is verified, you can deposit fiat money into your eToro account. Having fiat money in your eToro account is a necessary step to purchase ethereum.
Step 4: Start buying ethereum
Then on the cryptocurrency page, click the “Discover” button and use the search bar to search for ethereum and click the “Trade” button. The main thing to note is that you do not need to buy the full ethereum, you can buy ethereum in parts, for example, you can buy only 0.01 or even 0.5 ethereum.
Check this out: how to buy ethereum on etoro (video tutorial)
How much does eToro charge for buying ethereum?
You have some questions about fees when trading cryptocurrencies with eToro, such as how much is the transaction fee for buying ethereum? How much is the fee for buying ethereum?
Don’t worry at all. eToro fees are easy to understand. All spreads are subject to a “round trip”, which means that you are charged this percentage when you buy, but the fee is adjusted when you sell.
Transaction fees
| Market hours | Fee |
|---|---|
| 24/7 | 1% |
| Withdrawal (minimum $30) | $0 |
| Send/receive transaction | $0 |
| Crypto-to-crypto conversion | $0 |
| Crypto conversion (minimum 0.3 ETH) | 0.006 units |
How much does it cost to buy cryptocurrencies on eToro?
eToro does not charge a transaction fee for stocks and etf, but does charge a 1% fee for buying and selling cryptocurrencies.
You also need to pay a variable spread for each trade. The spread is the difference between the sell price and the ask price on the platform.
Is eToro a good place to buy ethereum?
Overall, eToro is one of the best platforms to buy ethereum today.
eToro has the following advantages:
- Uninterrupted trading: you can trade ethereum 24 hours a day.
- Partial purchase: So you don’t have to buy the full amount of ethereum, for example 0.1 ethereum.
- Ease of use: eToro’s simple interface is perfect for beginners to get started.
- Minimum fees: eToro fees are always transparent and there are no hidden fees.
How do I transfer ethereum to my eToro wallet?
After purchasing ethereum, you need to transfer it to your eToro wallet.
To do this, go to the Portfolio button on your eToro account, select ethereum, and
Then click Transfer to Wallet.
Note: If you are focusing on a specific NFT, make sure you have purchased enough ethereum to allow for network fee costs
Final Conclusion
As ethereum continues to work on new features and most people expect ethereum to slowly appreciate in value, ethereum could be a good investment in 2023.
If you are interested in other promising cryptocurrencies, read the following related article:
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