Buy Bitcoin? That is how it works!

When it comes to buying Bitcoin, there are a lot of options that you can choose from. 

Buying cheap Bitcoin is very easy through the platform of eToro, this platform has long been one of the best known trading platforms that you can use for trading all kinds of cryptocurrencies. 

In this article we will give you the following answer: How does it actually work to buy Bitcoin? 

This way you can immediately start investing in these special digital coins after reading. 

Where can you buy Bitcoin?

The range of options for buying bitcoins is very large. Every year new websites are added that promise speed and claim to be the most advantageous party, yet we prefer not to take any risks and opt for websites that have proven themselves for some time. The company mentioned below has been active in the Netherlands (and Belgium) for more than five years and has helped tens of thousands of customers buy bitcoins.

It is smart to register yourself with the company mentioned in the table below, so that you do not run the risk of being without an account in the event of a member stop.

WebsiteAvailable payment methodsExperience
eToroiDeal, credit card, bank transfer

buy bitcoin coin digital chart

Which site to buy Bitcoin through?

There are a lot of sites where you can go to buy Bitcoin. Where can you buy Bitcoin in a reliable way? As we have already mentioned, eToro is a great choice if you are looking for a site where you can buy Bitcoin. You can easily make a deposit via this platform using iDeal. 

logo etoro exchange

Creating an account is super easy. Within a few minutes you will be able to start trading cryptocurrencies. When creating an account, you should always have your passport or ID card at hand. 

As a broker, eToro must ask for this when creating an account. We do recommend that you first read up on trading CFDs. These are the investment products that you can find at eToro.

colorful banner eToro

The advantages of Etoro

If you choose to buy Bitcoin from eToro there are several benefits that you will experience. We've made it a little easier for you by main benefits of this well-known platform for you:

  • You can invest with any amount possible
  • You can pay quickly and easily with iDeal
  • There are helpful instructional videos to watch
  • Customer service is always available for your questions

How can you buy Bitcoin?

In the Netherlands there are various options to buy bitcoins. For example, on a cryptocurrency trading platform it is possible to trade with other users and to exchange your euros for bitcoins. For beginners, however, these special exchanges are a bit complicated and very time consuming.

In addition, it is important that you understand that there are additional risks when trading on a cryptocurrency exchange. In this way, the stock exchange basically has your money at your disposal and the price you pay is never fixed. For this reason, we recommend eToro for beginners.

At eToro, CFDs are traded. This means that you are investing in the coins without actually having them in your hands. Some people find this a disadvantage, but it is also nice.

This way you don't have to create a wallet for the coins yourself. Because you trade in CFDs, buying cheap Bitcoin has become super easy.

The iDEAL payment method is the easiest and safest way to buy bitcoins.

eToro Trading Charts

Sign up with a cryptocurrency broker

Personally, we have had excellent experiences with eToro, a company that has been active since 2006 and has helped tens of thousands of Dutch people with the purchase and sale of bitcoins. 

The first thing you need to do is go to the company's official website: https://www.etoro.com/.

We have already thoroughly discussed the reason for choosing eToro in the previous section. 

Once on the website, you can complete the registration process in the right column.  

Note that cryptocurrency brokers such as eToro ask for a valid ID. This may be a passport, driver's license or identity card.

eToro registration

Buy Bitcoin or other cryptocurrencies

After you have completed the registration process, you will receive an email with the confirmation. Now it's time to buy bitcoins (or other cryptocurrencies).

Depositing money into your eToro account is smooth and easy. There are several payment options at your disposal. Just choose which method you prefer and follow the steps below to make a successful deposit:

  • Log in to your account
  • Click on “deposit”
  • Enter the amount and select the currency
  • Finally, select your preferred deposit method
overbooking

Of course, before we can buy Bitcoin, we need to deposit money. There are several options for this. The first deposit cannot be less than the minimum amount of €200. All other payments have a minimum deposit of €50.

If it works, you can switch to the crypto currency portal by clicking on “Markets” and then on “Crypto”. There you will see a list of the largest and best-known cryptocurrencies (currently 16 in number).

The calculator on the website automatically calculates the amount of bitcoins you get for a certain amount. Handy because that way you won't be faced with surprises. In the calculator you can also switch between the different cryptocurrencies that you can choose. 

As you can see, the purchase process is fairly self-explanatory. First you deposit an amount on the platform. Then you choose the cryptocurrency you want to buy, then you determine the amount for which you want to buy it. 

Epilogue

So that was a patch, wasn't it? We found it when writing it too! Nevertheless, we hope that you now know everything so that you can purchase bitcoins with confidence. Do you still have an urgent question for us? No problem! You can leave a message via the contact page and we usually answer within a few hours.

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