- Choose a reliable broker
To invest in new cryptocurrencies, you must choose a reliable broker. There are many brokers on the market today, and not all of them offer a real service to investors. - Registration on eToro
In order to register with Etoro, you need to go to the platform and click on the “Register” button. A window will then open in which you have to fill in your personal information. These are your last name, first name, email address and phone number.
You must also enter your username and password to log into your account. You must accept the platform’s terms of use and privacy policy before confirming your registration. You can then confirm your registration by clicking on “create an account” to use the services of the platform.
- Validate your account
Once you have registered, you need to proceed to validate your account. This actually happens in two different steps. First, you need to complete the Know Your Customer (KYC) questionnaire. The KYC questionnaire consists of questions about the investor’s knowledge of finance, goals, financial situation and expectations.
Next, you will proceed to the stage of sending your identity documents. At this level, it is sending an identity document (identity card, passport, residence permit) and proof of residence (letter from the municipality, electricity or water bill). When everything is verified by Etoro service, you can make a deposit to start trading your new cryptocurrency.
Fund your account to buy the new cryptocurrency
Once your account has been created and verified by the Etoro service, you can now credit it from below. To do this, go to the platform, click on “My Account”, then “Deposit”. You will then need to specify the deposit amount, select the payment method and confirm the transaction. The funds will be added directly to your account once the transaction is confirmed. In addition, you should know that the minimum required for your first deposit on eToro is €250.
Explore a new cryptocurrency and invest
Once you’ve funded your account, all you have to do is move on to the step of buying new cryptocurrencies. Long before that, it’s up to you to choose the new cryptocurrency you’re going to invest in. To do so, enter the new cryptocurrency you’re looking for in the search bar 2021.
You can then click on the “open order” button to invest. You will first need to specify the amount to invest, as well as set up a Take Profit and Stop Loss. To complete the operation you will need to click on open position and that’s it.
