How not to fall into the trap of hidden fees when buying Bitcoin

Traders are flocking to Bitcoin in search of digital gold, but the journey can be costly and confusing, with hidden fees and cumbersome interfaces, making it difficult to navigate the market successfully.

eToro makes cryptocurrency trading costs crystal clear. There are no fees buried in the fine print, and an intuitive user interface helps you avoid expensive misclicks.

Be aware of hidden fees

On eToro, trading costs are contained in a single charge. The percentage of the spread for buy and sell is the entire cost of the trade — zero fees, no hidden fees, nothing!

Depositing US dollars on eToro is completely free, and a flat fee of $5 is charged to cover the processing cost of withdrawals. If you are depositing in another currency, an FX conversion fee may apply, but costs are made clear in advance, unlike other platforms that often levy unstated conversion fees.

To buy and sell 0.1 unit of Bitcoin in a round trip when the price is at $20K, you would pay a single spread fee of 0.75%, or $15 USD.

Most other trading platforms charge a set commission as a percentage of the position size. But high spreads — the difference between the buying and selling price — mean the real cost is higher.

In addition, account maintenance and inactivity fees can be hidden away in the terms and conditions, eating into profits and adding to losses each time you place a trade.

Even depositing funds can cost up to 5%, with traders often paying their card service providers significantly more for the convenience of paying by card, leaving them with a loss before they have even started trading.

With eToro, we take care to do things as clearly and as simply as possible — you pay only for the spread, with no additional transaction fees.

Buy Bitcoin

Your capital is at risk.

Smoothly navigate the market

Instead of a complex interface that leaves new traders one misclick from disaster, eToro offers a seamless user experience.

Traders can engage with the basic mechanics of the Bitcoin market through a streamlined process that begins the moment funds are deposited.

eToro is one of the only exchanges supporting PayPal, along with multiple other deposit methods, including bank transfer, card payment, Skrill, Neteller, WebMoney, and Yandex (depending on region). With funds on the platform, you can then buy and sell easily through an intuitive and user-friendly interface, making managing your portfolio completely painless.

To test the water, eToro gives you a free $100,000 demo account. This lets you build a virtual portfolio and test innovations like copy trading, risk free.

This unique trading toolkit, combined with clear pricing and an intuitive user interface, means Bitcoin trading is no longer costly and confusing.

You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall ADR Investors or eToro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Trading with ADR Investors via eToro by following and/or copying or replicating the trades of other traders involves a high level of risk, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an eToro Community Member is not a reliable indicator of their future performance. Content on eToro’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro | Copyright © | an eToro partner.

Past performance is not an indication of future results.
General Risk Disclosure | Terms & Conditions

Create your website with
Get started
%d bloggers like this: