How to use eToro to trade Cryptocurrencies
One of the best ways to use eToro is to trade cryptocurrencies. There are various cryptocurrencies you can trade on eToro, and it’s one of the best ways to invest in Bitcoin or other Cryptocurrencies. When trading at the eToro platform, the trading interface is a little different from other platforms, and it can take some getting used to. Here is a summary of the basic steps you need to take, along with some screenshots. Learn more about eToro here https://www.sfgate.com/market/article/etoro-review-17052066.php.
As soon as your first trade has been executed on eToro, it’s best to set up an account that allows you to trade cryptocurrencies. This social trading platform is designed for investing in crypto-currencies, and the eToro app is free to download and use. Download the app here:
Once installed, you need to log in. When you first log in, you’ll be asked to create a new account, which is straightforward. Making trades is accessible from the main screen, as it’s very similar to what you see on most exchanges. Start by navigating your way down the “Markets” menu, then select “Cryptocurrency Trading” from the list of options at the top of the page.
It would help if you were searching for an industry or cryptocurrency you might want to invest in when it comes time to make your trade. The best thing about eToro is that there are hundreds of cryptos available on this platform – making it easy for beginners who don’t know where to begin investing.
You should now see a screen showing an overview of how much money you can buy with a certain amount of funds – this is called a spread. When you make your first buy or sell order, the price of that cryptocurrency will be listed here. eToro will then ask you to specify the amount you want to buy or sell.