If the French do not always know where to go to buy Bitcoin, there are a few reference platforms to do so. We must remain vigilant on less known sites, there are many scams which are also regularly singled out by the AMF (regulator of the French financial markets
Of course, in all cases, a commission will be charged by these platforms for each transaction (purchase or sale). Be aware that deposits by transfer are always cheaper than if you buy Bitcoin with a CB.
To recover your funds, it’s the same principle: you will have to enter your bank details (or another type of electronic wallet) to recover them. Whether it’s eToro, Binance or ZenGo, they all process instant (and automatic) withdrawals. Faced with pressure from regulators in the fight against money laundering, these procedures are standardized.
We strongly advise you to opt for these platforms which are world references in the sector, with tens of millions of customers. It is better to stay away from smaller players who sometimes can turn out to be fraudulent. In France, in June 2021, the RR Crypto platform announced that it had lost all of its clients’ crypto assets (between 40 and 60 million euros). The losses are colossal, it is better to focus on experts like Binance or ZenGo.
Note also that if you want to significantly strengthen the security of your cryptoassets, you can only use these platforms for buying and selling and use a wallet that you control – on your computer, smartphone and or physical ledger (to secure the keys giving access to your assets).
1) How to buy Bitcoin on eToro?
There are very few regulated platforms that allow you to trade Bitcoin. If Binance and ZenGo are not regulated, eToro has fully complied with European law (via CySEC) and has a license to operate in France (PSAN, a registration issued by the AMF). The platform was founded in 2007, even before the creation of Bitcoin. At the time, it only offered to invest in shares, commodities and currencies.
With the rise of crypto-currencies, eToro then established itself as a benchmark player in the discipline. With him, therefore, you can buy Bitcoin, Ether and almost a hundred other virtual currencies. To take a position on these assets, you will first have to open an account and have it validated: it will only take you a few minutes. You will have to deposit at least $50, or about 43 euros.
Open an etoro accountÂ
Of all the platforms we have listed on this page, eToro is by far the most accessible to beginners. It does not forget the profiles who are more experienced and who need flexibility in their orders (leverage, orders with conditions, etc.). If eToro has managed to seduce more than 20 million people around the world, it is because its interface is simple as you can see below.
With just a few clicks, you can buy Bitcoins (BTC), Ethers (ETH), Cardano (ADA) and all the most popular currencies. What is appreciated is that the computer and mobile interfaces (application) are also worked and simple in both cases. So you can have maximum flexibility to react to market variations.
