I am thinking about buying some bitcoin. I understand the risks and I am going to use the little money I have left at the end of the month. I have plenty savings as well, so I am not using all of my savings to bet on bitcoin. I just want to invest a very small amount to understand the mechanics of it.
I am trying to understand Etoros' fees as described here: https://www.etoro.com/en/customer-service/fees/. Coinbases' costs seem to be much simpler to understand.
To help me understand Etoros fees. Say I had £250 to buy today and I sold for £250 this time next week. What would the Etoro and Coinbase costs be and when would they be payable?
Also what is a pip? I understand it to be 0.001p but I could be wrong.