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Steve has 29 years of financial market experience including 3 years at Credit Suisse and 15 years at Merril Lynch. Steve is the Academic Dean for The London School of Wealth Management and has won many awards from Technical Analyst Magazine.

How to Invest in Bitcoin long-term

Updated: 5 Oct 2020

Many people are aware of the forceful Bitcoin rally seen back in late 2017 up to the December 2017 record high.

But many are also aware that this market can be quite volatile, although the long-term trend remains higher.

During the surge higher in 2017, many potential investors found it somewhat tricky to open accounts easily and invest in Bitcoin and the cryptocurrency markets.

Also, if you wanted to access the market by a CFD (Contract for Difference), it often meant leverage, which in basic terms means taking extra risks.

So, what if you want to actually buy, own and hold Bitcoin, for a longer-term investment, without any extra risks that “leverage” can bring?

How do you do it?

Well eToro have looked at this and come up with a solution that is for the longer-term Bitcoin investor.

Here we shall look at how you can set up an eToro account that allows you to buy and own the REAL asset, that is Bitcoin, in an easy and affordable way for the long-term.

Go visit eToro!

So, what do I do next?

Simply follow these simple steps:

Click here
Fill in the simple form; name, phone number and email and create a Username and Password
Read the eToro T&Cs and Risk Disclosure too
Once registered, log in
Deposit funds via the various ways including; Credit Card, PayPal, Wire Transfer as well as many other ways too
The minimum deposit at eToro is £250
Click on the Bitcoin icon in the eToro watchlist or search for bitcoin
Maybe take a look at the chart
Click Trade
Enter the amount of Bitcoin you want to invest in terms of US$, with a minimum of just $25
The leverage with eToro is x1, so that is NO leverage at all, no extra risks
Enter the trade
Within 12 days complete the verification process, which requires proof of identity and proof of address
Monitor your Bitcoin investment in your account on the site or via the eToro App
And if you have any problems or questions, the always helpful eToro Customer Service team will be there to help out on phone, email or via Live Chat

And that is it, with eToro it is as easy as ABC!

Acquire

Bit

Coin

We wish you well with your investment in Bitcoin.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % 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 .