From there, you can easily buy and sell bitcoins. The dollars with eToro, including credit and debit cards and bank transfers, are all free, which is unusual. US clients cannot trade stocks on eToro and advanced options, such as leveraged trading, are not available in the US. UU.
For example, cryptocurrency exchanges such as Coinbase and eToro will allow you to link your PayPal account (as a payment processor) to buy cryptocurrency. Customers who keep their dollars on eToro have additional insurance from the FDIC against the bankruptcy of the platform, although this does not apply to any crypto asset. And it also says that it keeps customer funds in a segregated account, which provides some protection in case eToro goes bankrupt. You can mitigate this to a certain extent by transferring your funds to an eToro wallet, but there are other, easier, options available.
eToro states that it follows the highest standards in protecting client assets, but its website is light in terms of details. To open an account on eToro, you must complete a questionnaire about your risk tolerance, your income and your level of financial knowledge. For example, if you just want to buy Bitcoin, eToro doesn't offer the kind of simple instant buying feature that you'll find on many other exchanges.