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He has contributed to content for leading crypto exchanges and companies working in the Web3 industry. - [Full Bio](https://www.etoro.com/editorial/contributors/samuel-atkins/) × -  Reviewed by: Simon Peters  Simon Peters Crypto Market Analyst and UK Account Management Team Leader [Follow](https://www.etoro.com/people/simon_etoro) An experienced Team Leader within the UK Retention Team at eToro, as well as a Market Analyst and spokesperson for eToro covering crypto. - [Full Bio](https://www.etoro.com/editorial/analysts/simon-peters/) - [LinkedIn](https://www.linkedin.com/in/simonjpeters) - [X](https://twitter.com/simonjapeters) × **Table of Contents** *** [Facebook](https://www.etoro.com/#facebook "Facebook") [LinkedIn](https://www.etoro.com/#linkedin "LinkedIn") [X](https://www.etoro.com/#x "X") [WhatsApp](https://www.etoro.com/#whatsapp "WhatsApp") [Share](https://www.addtoany.com/share#url=https%3A%2F%2Fwww.etoro.com%2Fcrypto%2Fhow-to-buy-bitcoin%2F&title=How%20To%20Buy%20Bitcoin%20For%20The%20First%20Time) Updated: 18/11/2025•Beginners•8 min [Crypto](https://www.etoro.com/academy/crypto/) If you are looking to diversify your portfolio with cryptoassets, and are considering allocating a percentage of your capital to bitcoin, you’ll need to know exactly how to buy bitcoin (BTC) and how to keep it safe. *** Since its creation in 2009, Bitcoin has continued to dominate both headlines and the general cryptocurrency market. It is the largest cryptocurrency by **market capitalisation** and shows no sign of giving up this position any time soon. Investing in cryptocurrencies comes with unique risks that you should review before trading. > “At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions.” > > [Peter Diamandis](https://medium.com/@MartinRosulek/14-bitcoin-quotes-by-famous-people-6e7a1a009281) ## Where to buy bitcoin (BTC) There are several different ways to buy bitcoin. Most commonly, however, bitcoin is bought through a **cryptocurrency exchange** or trading platform, such as eToro.  There are two different types of crypto exchange: centralised and decentralised. The former utilises “Know Your Customer” (KYC) checks and validates the identity of its users, whereas the latter encourages anonymity and does not require personal information. To purchase bitcoin, you will first need to create an account, the process of which will vary depending on your chosen exchange. Most exchanges will then allow you to connect your bank account directly, or you can choose to [buy bitcoin using a debit card](https://www.etoro.com/crypto/how-to-buy-bitcoin-with-credit-card/). **Tip:** Not all financial institutions accept payments to crypto-related sites. Make sure to check your bank’s position before proceeding Exchanges enable you to buy smaller denominations of bitcoin rather than one whole coin. You can usually spend [fiat currency](https://www.etoro.com/crypto/fiat-vs-crypto/) and receive a proportionate amount of bitcoin in return — or purchase a set amount of bitcoin, using fiat currencies. There is no difference in price or value, so this comes down to preference.  ## How to keep your bitcoin safe and secure Once you have purchased your bitcoin, it is important that you **store it somewhere safe**. Most exchanges or trading sites will allow you to leave your bitcoin and other cryptoassets on their platform. Others have their own **cryptocurrency wallets** or separate [storage accounts](https://www.etoro.com/money/) to which they allow you to transfer certain cryptoassets. These sites often have a relatively high level of security, meaning that your assets are safe on the platform on which you bought them, bitcoin included. However, some investors prefer to move their cryptocurrencies to a separate storage solution. **Crypto wallets are one of the best options for cryptocurrency storage.** Wallets can be used to keep your bitcoin safe and accessible, while still allowing you to send and receive it. | **Mobile Wallets** | **Web Wallets** | **Desktop Wallets** | **Hardware Wallets** | |---|---|---|---| | An app that stores your private keys on your smartphone | A third-party controlled, online server that stores your private keys | A computer program that allows you to store your private keys on your hard drive | Physical devices that store your private keys offline | Crypto wallets do not technically store your cryptoassets. Instead, the assets themselves remain on the blockchain and are only accessible using a digital, private key, which is stored in the wallet. ## Learn more about Bitcoin (BTC) It is important to learn about Bitcoin before you consider buying the cryptocurrency. Created in 2009, bitcoin was designed as an alternative, digital method of payment, while removing the need for third-party involvement in financial transactions.  To put it in more technical terms, Bitcoin is a **cryptographically** secure database, on which the bitcoin cryptocurrency is created, stored and transferred. On the blockchain, bitcoin transactions are validated, users are anonymised and security is paramount. There are plenty of sources available to investors hoping to learn more about Bitcoin and how it works. | [**eToro Academy**](https://www.etoro.com/academy/crypto/) | [**What Bitcoin Did**](https://www.whatbitcoindid.com/podcast) | [**Bitcoin.org**](https://bitcoin.org/en/) | |---|---|---| | Online | Podcast | Online | | A beginner-friendly, educational platform for learning about how bitcoin and other cryptocurrencies work | A podcast that covers the fundamentals of Bitcoin, as well as current updates and news about the network | A community-funded, public resource for learning about Bitcoin, from the basics to the more complicated elements | ## How to buy bitcoin (BTC) on eToro The [**eToro trading platform**](https://www.etoro.com/crypto/) allows you to invest in all major cryptocurrencies, including Bitcoin (BTC), Ethereum ([ETH](https://www.etoro.com/markets/eth?funnelFromId=71)) and Cardano ([ADA](https://www.etoro.com/markets/ada?funnelFromId=71)). eToro not only supports trading to 100+ crypto markets, but also has a transparent approach to [fees](https://www.etoro.com/trading/fees/#crypto), making it a popular option for investors. 1. **Create an Account** Create an account on eToro by choosing a username and adding your email address and password. eToro requires users to verify their identity once they have registered for a new account. 2. **Deposit Funds** From the navigation bar on the left-hand side, click “Deposit Funds.” Choose which fiat currency you want to deposit with, add your payment details and click “Deposit.” 3. **Buy Bitcoin** Navigate to the [Bitcoin](https://www.etoro.com/markets/btc?funnelFromId=71) page and click “Invest.” Here, **users can choose to “Trade” or “Order.”** The former involves purchasing bitcoin at its current price. The latter allows you to place an order, automatically buying bitcoin once its value reaches a predetermined level. 4. **Download the eToro Crypto Wallet** For additional security, consider downloading the [eToro Money crypto wallet](https://www.etoro.com/crypto/wallet/) and storing your bitcoin there. To transfer your bitcoin to the eToro wallet, click on a position in your portfolio and select “Transfer to Wallet.” ## Final thoughts Bitcoin is one of the most controversial technologies to be created in recent years, but it could also provide a good opportunity for investors interested in [diversifying their portfolio](https://www.etoro.com/investing/how-to-build-a-diversified-portfolio/). If you’re looking to buy more **volatile** assets to increase the potential **risk-return** of your portfolio, bitcoin could be a good potential option. Head to the [eToro Academy](https://www.etoro.com/academy/) to learn more about Bitcoin and other cryptoassets. ## FAQs Can I buy bitcoin with cryptocurrency? Yes. Depending on where you choose to buy bitcoin, you do not necessarily need to use fiat currency to pay for it. Cryptocurrency exchanges will often allow users to effectively swap one cryptocurrency for another, as long as the exchange in question accepts the alternative cryptocurrency as a payment method. It is also possible to [convert your crypto to fiat currency](https://www.etoro.com/en-us/crypto/how-to-convert-crypto-to-fiat/). How many bitcoins are there? The maximum number of bitcoins which can be created is capped at 21 million. New coins are released over time which increases liquidity in the market but the rate at which bitcoins are released to the market is reducing over time thanks to a process known as the [bitcoin halving](https://www.etoro.com/crypto/bitcoin-halving-guide/). How much bitcoin should I buy? It’s up to individual investors [how much bitcoin they should buy](https://www.etoro.com/en-us/investing/what-type-of-investor-are-you/). It is important to consider how much of your portfolio you want to allocate to a particular asset or asset class, as well as remembering to never invest more than you can afford to lose. Crypto is a particularly risky asset class, so bear this in mind when deciding how much bitcoin to purchase. This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any financial instruments. This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. **Not all of the financial instruments and services referred to are offered by eToro** and any references to past performance of a financial instrument, index, or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this guide. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. ## Related Articles Previous [Beginner’s Guide to Cryptocurrency Wallets](https://www.etoro.com/crypto/wallet-guide/) [Why does bitcoin’s price fluctuate so much?](https://www.etoro.com/crypto/why-bitcoin-fluctuates/) [How to Trade the Bitcoin Four-Year Cycle](https://www.etoro.com/crypto/trading-the-four-year-cycle/) [What Exactly Is the Legality of Bitcoin Around the World?](https://www.etoro.com/crypto/legality-of-bitcoin/) [Beginner’s Guide to Cryptocurrency Wallets](https://www.etoro.com/crypto/wallet-guide/) [Why does bitcoin’s price fluctuate so much?](https://www.etoro.com/crypto/why-bitcoin-fluctuates/) [How to Trade the Bitcoin Four-Year Cycle](https://www.etoro.com/crypto/trading-the-four-year-cycle/) [What Exactly Is the Legality of Bitcoin Around the World?](https://www.etoro.com/crypto/legality-of-bitcoin/) [Beginner’s Guide to Cryptocurrency Wallets](https://www.etoro.com/crypto/wallet-guide/) [Why does bitcoin’s price fluctuate so much?](https://www.etoro.com/crypto/why-bitcoin-fluctuates/) [How to Trade the Bitcoin Four-Year Cycle](https://www.etoro.com/crypto/trading-the-four-year-cycle/) Next  With innovative investment tools and a collaborative trading community, eToro empowers millions of users in over 75 countries to trade and invest in a simple and transparent way. ### Find us on ### Download our app from the stores [](https://etoro.onelink.me/2615279504/3ff5f19f) [](https://etoro.onelink.me/2615279504/3ff5f19f) - Top Instruments - [Bitcoin (BTC)](https://www.etoro.com/markets/btc) - [Ethereum (ETH)](https://www.etoro.com/markets/eth) - [Amazon shares](https://www.etoro.com/markets/amzn) - [Tesla](https://www.etoro.com/markets/tsla) - [Apple](https://www.etoro.com/markets/aapl) - [Nio](https://www.etoro.com/markets/nio) - Support - [Help Center](https://help.etoro.com/s/?language=en_GB) - [How to Deposit](https://www.etoro.com/customer-service/deposit-faq/) - [How to Withdraw](https://www.etoro.com/customer-service/withdraw-faq/) - [How to Open an Account](https://www.etoro.com/customer-service/how-to-open-etoro-account/) - [How to Verify Your Account](https://www.etoro.com/customer-service/account-verification/) - [Customer Service](https://www.etoro.com/customer-service/) - [Client Vulnerability](https://www.etoro.com/customer-service/vulnerability-program/) - Learn More - [How CopyTrading Works](https://www.etoro.com/copytrader/how-it-works/) - [Responsible Trading](https://www.etoro.com/customer-service/responsible-trading/) - [Interest on Balance](https://www.etoro.com/investing/interest-on-balance/) - [What is Leverage & Margin](https://www.etoro.com/trading/leverage-margin/) - [Buy and Sell Explained](https://www.etoro.com/trading/buy-sell-and-close-position/) - [Tax report](https://etoro.com/customer-service/tax-report/) - [eToro Academy](https://www.etoro.com/academy/) - About Us - [About eToro](https://www.etoro.com/about/) - [eToro Reviews](https://www.etoro.com/about/reviews/) - [Careers](https://www.etoro.com/about/careers/) - [Our Offices](https://www.etoro.com/about/our-offices/) - [Accessibility](https://www.etoro.com/customer-service/accessibility/) - [Imprint](https://www.etoro.com/about/imprint/) - Privacy and Regulation - [eToro Cookie Policy](https://www.etoro.com/customer-service/cookies/) - [Privacy Policy](https://www.etoro.com/customer-service/privacy/) - [Regulation & License](https://www.etoro.com/customer-service/regulation-license/) - [General Risk Disclosure](https://www.etoro.com/customer-service/general-risk-disclosure/) - [Terms & Conditions](https://www.etoro.com/customer-service/terms-conditions/) - Partners and Promotions - [Invite a Friend](https://www.etoro.com/invite/) - [Affiliate Program](https://www.etoropartners.com/) - [eToro Club](https://www.etoro.com/about/clubs/) - [Investment Insurance](https://www.etoro.com/investing/insurance/) - [Partner Smart Portfolios](https://www.etoro.com/investing/portfolios/partners/) eToro Singapore Pte. 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[AddToAny](https://www.addtoany.com/ "Share Buttons") [More…](https://www.etoro.com/crypto/how-to-buy-bitcoin/#addtoany "Show all") The value of a company's outstanding shares, calculated by multiplying the current share price by number of shares.A platform that facilitates the buying, trading and selling of digital assets.The transferral of control and decision-making to a network of participants, rather than one main authority.A device or program that stores your cryptocurrency, keys, coins, and other cryptoassets.An encryption technique for allowing only the sender and intended recipient of a message to view its contents.A measure of the scale and frequency of price changes within a given time.The relationship between the risks and returns of an investment. Higher returns are associated with greater risk.