Bitcoin is a cryptocurrency, a digital currency that operates using a decentralised ledger called the blockchain, to record all transactions transparently and securely.
Unlike traditional fiat currencies, the Bitcoin network is decentralised, meaning that it is not controlled by any central authority, such as a government or bank. Instead, it relies on a distributed network of computers, known as nodes, to validate and record transactions. This facilitates peer-to-peer, global exchange and eliminates the need for third-party intermediaries, making Bitcoin widely accessible.
Bitcoin's limited supply, which is capped at 21 million coins, makes it a unique store of value, often compared to precious metals. Its decentralised nature provides resistance to censorship and offers users increased financial autonomy.
To learn more about Bitcoin, take a look at our "What is Bitcoin?" article.
Create an eToro account:
Sign up for an eToro account and verify your identity.Deposit funds:
Deposit funds into your eToro account using your preferred payment method.Search and purchase:
Search the Bitcoin (BTC) page and place an order to buy Bitcoin.