More than just a Bitcoin Wallet
With our multi-crypto wallet, you can buy, sell, send, hold, and convert Bitcoin and other supported cryptos available on the eToroX Exchange.
What is a Bitcoin wallet?
A Bitcoin wallet is a software application that has a Bitcoin wallet address and private keys that are tied to the ownership of a certain amount of Bitcoin on the blockchain. Bitcoin wallets can work on both Android-based and iOS-based smartphones, and both of these are compatible with the eToro Wallet app, which can be downloaded from both the Google Play Store and the Apple App Store.
eToro wallet’s options include the following:
- Multi-crypto deposit/withdrawal
- No need to save your private keys or write them somewhere
(where they could easily be misplaced). - Send, receive and check your crypto trades from within the eToro wallet.
How to buy Bitcoin
You can purchase Bitcoin on the eToroX platform using another cryptoasset, such as Litecoin, Ethereum or Bitcoin Cash. You can also use the USDEX stablecoin to buy Bitcoin. Fo example, if you used LTC to trade USDEX in an initial trade, and you want to buy Bitcoin, you can simply exchange your USDEX for Bitcoin.
Buy Bitcoin Safely on a Trusted Wallet
It pays to buy Bitcoin safely with a trusted wallet, and eToro provides one of the safest Bitcoin wallets offered by any exchange, with several high-level security features to protect against unauthorized access. These features include multi-signature facilities, DDoS protection, and ISO 27001/27032 standardization protocols.
Additionally, eToroX is regulated by the Gibraltar Financial Services Commission, the only government-driven regulator with a regulatory protocol specifically for cryptoassets.
How to Buy Bitcoin With Credit Card
If you are looking to buy Bitcoin for initial account funding, follow this simple step-by-step process:
Note: It is important that you only attempt to buy Bitcoin with your own registered credit card. Verification may be required.
- Log in to your eToro Wallet and click Buy BTC.
- Enter the amount, and select the required currency (Euro or GBP).
- You are directed to the Simplex site (third party provider).
Enter your credit card details, and billing address. - Once Simplex have verified your details, the coins are immediately sent to your eToro Wallet.
Bitcoin Wallet FAQ
How can I create a Bitcoin wallet?
You need a Bitcoin wallet to receive the Bitcoin you will use to fund your account. You can download a Bitcoin wallet app from any of the app stores, or you can sign up for a free Bitcoin wallet from various third-party providers. You should ensure that you obtain your Bitcoin wallet from a genuine provider, to keep your Bitcoin wallet address and private keys safe and secure.
Is the Bitcoin wallet free?
The eToro wallet is free to download from either the Android or iOS stores.
How can I purchase Bitcoin using the eToro Wallet?
Go to the Bitcoin Wallet, and click Buy BTC, and follow the process as indicated.
I have other cryptoassets. Can I convert them into Bitcoin?
If you have any of the following: ETH, BCH, LTC, XRP, and XLM, you can convert them to Bitcoin.
How can I send Bitcoin to my Wallet?
In the Bitcoin Wallet, click Receive, copy the displayed address, and send the Bitcoin to that address. You can also scan the address if you have a barcode scanner on your device.
What is a Bitcoin wallet address?
A Bitcoin wallet address is a unique 34-digit alphanumeric code combination, and this is your unique key to getting bitcoin into your Wallet. This code indicates the blockchain location of a particular amount of Bitcoin tied to that address. A Bitcoin wallet address operates in the same way a bank account is linked to a unique account number. You need the Bitcoin wallet address whenever you are sending funds out of the wallet, or when you are receiving funds from another source into that wallet.
Is a Bitcoin Wallet secured?
The eToro Bitcoin Wallet is one of the most secured crypto Wallets on the market, as it uses a unique multi-signature technology.
Can I buy less than one Bitcoin?
Yes, it is possible to buy less than 1 Bitcoin, although there is a minimum asking price. Bitcoin is divided into sub units known as Satoshis, where 1 Satoshi is 0.00000001 BTC. So if you are looking for how to purchase Bitcoin that is not up to 1.0, simply enter the exact number of decimals of Bitcoin you want to buy and the transaction will be processed.
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods or commodities. For more information on the risks please refer to our Risk Disclaimer.