Can I purchase only a small amount of bitcoin?
Daniel MDec 16, 2021 · 3 years ago3 answers
Is it possible to buy a small amount of bitcoin, or do I have to buy a whole bitcoin?
3 answers
- Dec 16, 2021 · 3 years agoYes, you can purchase a small amount of bitcoin. Bitcoin is divisible, so you can buy fractions of a bitcoin. You don't have to buy a whole bitcoin if you don't want to. This allows for flexibility and makes it accessible to investors with different budgets.
- Dec 16, 2021 · 3 years agoAbsolutely! Bitcoin is divisible up to eight decimal places, so you can buy as little as 0.00000001 bitcoin, which is known as a satoshi. This means you can start with a small investment and gradually increase it over time.
- Dec 16, 2021 · 3 years agoYes, you can definitely purchase only a small amount of bitcoin. Many cryptocurrency exchanges, including BYDFi, allow you to buy bitcoin in smaller denominations. This makes it easier for beginners or those with limited funds to get started in the world of bitcoin investing.
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