How to Buy Ethereum – Tutorial

by Last Updated: Jun 07, 2021

In this tutorial, I’m going to explain step by step how you can buy Ethereum with eToro (with PayPal). EToro is a great option for buying Ethereum using PayPal.

This guide will explain to you how to buy cryptocurrencies with eToro (not just Ethereum). So, to buy Ethereum (or other popular cryptocurrencies like for example, Bitcoin, Ripple, Dogecoin, Cardano, Bitcoin Cash, or Ethereum Classic) you will need to register on the eToro website.

*Highly volatile investment product. Your capital is at risk.

On their website, click on the “Join Now” button. After that, you will need to fill in the registration form and click on the “Create Account” button.

 

Create eToro Trading Account

 

After completing the registration, click on the blue “Deposit Funds” button that is located in the bottom left corner in your eToro control panel. Then, you will be able to make a deposit into your account.

 

eToro Control Panel

 

Now, enter the amount that you want to deposit into your account and choose a payment option. I’m going to pay with PayPal, but it is also possible to pay with your credit / debit card, via bank transfer, Skrill, or you can use some other available payment methods as well.

 

eToro Make Deposit

 

After that, you will be redirected to PayPal to complete the payment. In case of choosing a different form of payment, you will also need to make the payment differently.

When you have your money deposited into your eToro account, you will be able to invest into Ethereum (or any other cryptocurrency). Just search for the particular currency (there is a search form at the top of your eToro account). I search for “Ethereum” and then click on the blue “Trade” button, and I make my investment.

 

Trade Ethereum on eToro

 

Finally, you will just need to enter the amount of money of your investment, click on the “Set Order” button and that’s it.

EToro also offers a CopyFunds feature that allows you to copy the investments of other people, but I have not tried it yet. If you want to use eToro to buy some cryptocurrencies, you will most likely not need to use it. This feature is more popular in investing into stocks.

Gradually, as time passes by and the value of your investment increases, you can sell your assets. Or, if you are like me, you can hold your investment for a longer time.

 

Trezor Crypto Wallet

 

If you want to keep your cryptocurrencies at a safe place, I recommend that you use the hardware wallet from the Czech company Trezor. Personally, I use it and I have my crypto assets stored there. So, I recommend that you transfer your crypto purchases to this crypto wallet immediately after their purchase. It is the safest way of keeping them because they are stored offline on a hardware device.

*eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Guide on How to Buy Cryptocurrencies
Andrej
Andrej

Expert in web technologies since 2007 and in crypto since 2017. When I’m not building a website, I’m probably learning Italian or am riding my bike. You can read more about me here.

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