Thinking of investing in Amazon stocks, but unsure how to proceed? To obtain AMZN shares, it is necessary to go through a platform dedicated to investing in these assets. We offer you our detailed guide to acquire Amazon shares in an easy and fast way.
Where to buy Amazon (AMZN) shares?
Thinking of investing in Amazon stocks, but not sure where to start? To acquire Amazon shares, it is necessary to go through a platform specialized in the transaction of financial securities.
There are several brokers or brokers that offer the possibility of buying AMZN shares. Here is our selection:
Easy to use, secure and above all regulated in USA, the eToro platform is recommended for novices and will meet all your requirements for buying Amazon shares.
To get AMZN shares through eToro, all you have to do is create an account on the platform, deposit funds and buy the number of Amazon shares you want.
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
The eToro platform, a precursor in the field of online trading, was created in 2007. It offers the opportunity to invest in a wide range of financial assets, including stocks, ETFs, Forex, commodities and even cryptocurrencies.
eToro brokerage services are provided by eToro Europe, a company registered in Cyprus. This gives it the ability to offer services related to cryptocurrencies in full compliance with the regulations in force for French residents.
eToro is best known for its copy trading feature, which allows anyone to copy other users’ trades. While this feature may be great for novices, it is always advisable to make your own decisions when it comes to managing your portfolio. This user-friendly platform is ideal for beginners and those who want to diversify their investments.
Buying AMZN stocks through eToro is quite simple :
- Open an account on the platform;
- Deposit euros into their account;
- Acquire AMZN shares with just a few clicks.
If you plan to use eToro to start investing, learn in depth how to open an account on the platform and how to acquire AMZN shares easily.
How to open an account on eToro?
For open an account with the broker eToro, click on the button below (affiliate link). Then, once on the eToro home page, click on the ” start investing » located at the bottom left:
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
Once on the eToro registration page, you can register using your Facebook or Google (Gmail) account. You can also opt for a more traditional registration by entering your username, email address and a strong password.
To finalize your registration on the eToro platform and obtain the possibility of buying Amazon shares, you must now provide additional information about your identity: present an identity document, have a telephone number verified, answer a quick questionnaire. eToro is in compliance with French laws, so this is a mandatory step.
Need more detailed instructions? Here is our complete guide to opening an account on eToro
How to credit your eToro account to buy Amazon shares?
Now that your eToro account is up and running, you need to deposit euros into it to buy Amazon shares. To do this, click on the ” Deposit of funds » located at the bottom left of the main dashboard of the platform:
Before you continue, be aware that your eToro account will display US dollars, and all transactions are in that currency. Don’t worry, your euros will be automatically converted into US dollars.
To fund your eToro account, you have two options: bank transfer or payment by credit carde. To help you choose, here are the specifics of each payment method on eToro:
Bank card | Bank transfer | |
Minimum amount (1st deposit) | $100 | $500 |
Exchange rate | Less advantageous | More advantageous |
Execution | Instant | 4 to 7 business days |
Need help adding funds to your eToro account? To find out how, click on the tag corresponding to your payment method:
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
Do you have euros available in your eToro account? It is now possible for you to acquire AMZN shares in just a few moments. Just type “Amazon” or “AMZN” in the search bar and click on “Invest”.
A new tab will open on eToro, showing the price of an AMZN share, which here is $125.39. You can specify the amount you want to invest, for example $500, then click “Place Order” to get AMZN shares on eToro! You now hold an Amazon stock CFD. This means that you don’t actually own AMZN shares, but follow the price movement of the stock in the markets.
If you are new to the world of cryptocurrencies, it is advisable not to use leverage. Keep the x1 parameter to avoid the risks associated with this trading tool.
It is important to note that although eToro displays an amount in dollars, you can place an order using your euros on the platform. These will be automatically converted for this operation.
What relationship does Amazon have with cryptocurrencies and blockchain?
Although Andy Jassy, who succeeded Jeff Bezos as CEO of Amazon, said that the online sales platform “probably wasn’t ready to accept cryptocurrencies”the company is relatively open to blockchain technology.
The most irrefutable proof is materialized by the imminent launch of a marketplace of non-fungible tokens (NFT). This platform, which should be launched in 2023, will offer a wide variety of NFT collections, but also physical goods associated with NFTs. Blockchain gaming should also be in the spotlight, to, we suppose, establish a direct link with the Twitch platform.
Also, Amazon’s cloud computing arm, Amazon Web Services (AWS), has definitely embraced blockchain technology. Since January 2023, Amazon Web Services users will be able to create Avalanche blockchain nodes (AVAX) to install their business solutions, and Amazon supports Avalanche’s decentralized infrastructure and applications. This cooperation is designed to accelerate the adoption of blockchain by businesses, institutions and governments.
Moreover, Amazon Web Services has its own entity dedicated to blockchain: Amazon Managed Blockchain. This service fully facilitates access to public networks or the creation and management of scalable private networks using Hyperledger Fabric and Ethereum blockchains. For example, anyone can host an Ethereum blockchain node there, without having to worry about the technical constraints that this entails.
It is obvious that Amazon is not indifferent to developments in Web3, but the company is moving slowly. It is therefore very likely that she will embark on other blockchain-related adventures in the coming years.at least if its NFT marketplace is a success.
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
Frequently Asked Questions About Amazon Stock
What is Amazon?
Amazon is a multinational technology company based in Seattle, USA. It was founded by Jeff Bezos on July 5, 1994. Originally, Amazon was an online bookstore, but it quickly diversified and became one of the largest online retailers in the world. It also operates in other areas like digital content streaming (with Amazon Prime Video), cloud computing (with Amazon Web Services), robotics, artificial intelligence and more.
Who are Amazon’s main competitors and how do they affect the stock price?
Amazon’s competitors include companies like Walmart, eBay, Alibaba and others. The performance of these competitors can impact Amazon’s stock price.
Does Amazon pay dividends?
No, Amazon has never distributed dividends to its shareholders.
Is it worth buying AMZN stock in 2023?
Here are some factors you might consider when evaluating Amazon (AMZN) stock purchase in 2023. Amazon has been a high-growth company in the past. You can review its past financial results and forecasts to assess whether this trend is likely to continue. Amazon has diversified its business to include areas such as cloud computing (AWS), video streaming (Prime Video), smart devices (Echo), and more. This diversification can contribute to the stability of the company’s income. Amazon is a leader in several of its business areas, which could contribute to its ability to maintain growth and profitability. It would be best for you to conduct a thorough research on Amazon to determine whether buying its stock in 2023 is a wise investment decision or not.
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