You have probably read the full TradingGator’s guide on how to buy bitcoin in the US. Well, this article contains all the hacks more simply. Comfortable purchases without all that “long” reading!
What about if you haven’t read the original guide? This article contains all the “vital” information still.
So, shall we begin already?
TradingGator’s Guide On How To Buy Bitcoin In The US Summarized Into 3 Simple Steps
Find A Trusted Exchange Site
Generally, the first step to dealing with bitcoin is to have a wallet. Then, you’d submit documents and wait for 2-3days for verification and approval. Yet, you’d still make deposits and search for exchange sites.
TradingGator has a better option, and that is eToro. eToro is an all-in-one bitcoin platform. How so?
The website deals with all things bitcoin, including wallet, exchanging, trading, and investing.
The best part: eToro, despite its security, does not charge a commission fee on deposits. All you need is to register and start your business.
Perhaps you still nurse a few worries. How secure can an exchange platform with high traffic be for delicate affairs like a wallet?
Don’t fret. eToro wallet is safe.
The platform has a strict adherence to regulations and security backups such as ASIC, CySEC, and FCA. So, you can rest assured that your transactions will be safe.
Deposit Your Stakes/Convertibles
As much as you’d like to deposit and start exchanging, you need to first register on the eToro platform. Fortunately, the process is easy.
Here is how to register your account on eToro:
- Log on to eToro’s website,
- Locate the green-icon with “Sign Up” at the top corner and click on it,
- Now, fill the new page, or the application field, with the right information,
- Next, read the terms and conditions of engagement, and mark the necessary fields,
- Lastly, click the create account to finalize your registration. However, before you can make deposits, you’ll confirm your registration – and that’s it.
Once your account is ready to use, you can make your deposits. Regarding that, you should know there are minimum and maximum limits.
For direct transfers, the minimum is $500. eToro yet accepts payment from other platforms as well.
Note: unverified accounts have a cap of $2000 deposit and a minimum of $50.
Find the option to deposit on the eToro website. You could use one of the numerous standard lots.
You can also perform custom deposits. However, keep to the maximum and minimum limits.
Make Your Purchases
The beauty of eToro is that once you deposit, your account almost instantly reflects the transaction. You don’t have to transfer from any wallet – it’s all there in one place!
Now, you can purchase or exchange your bitcoins. Look for the option to trade market on the menu drop-down list. Click on trade and convert your dollars.
Next, check your bitcoin balance. You’d find your new balance. Simple and fast!
Note: there is a small fee for buying bitcoins on eToro.
That’s the end of the guide. You can go ahead and make a trial. What do you say?