common-close-0
BYDFi
Trade wherever you are!

What is the minimum amount of bitcoin I can buy?

avatarRohde MarshallDec 17, 2021 · 3 years ago7 answers

I'm new to bitcoin and I'm wondering what is the minimum amount of bitcoin I can purchase? Can I buy a fraction of a bitcoin or do I need to buy a whole bitcoin?

What is the minimum amount of bitcoin I can buy?

7 answers

  • avatarDec 17, 2021 · 3 years ago
    Absolutely! You don't have to buy a whole bitcoin. Bitcoin is divisible up to eight decimal places, so you can buy a fraction of a bitcoin. The smallest unit of bitcoin is called a satoshi, which is equal to 0.00000001 bitcoin. This means you can buy as little as 0.00000001 bitcoin if you want.
  • avatarDec 17, 2021 · 3 years ago
    No worries, you can definitely buy a fraction of a bitcoin. In fact, most people start by purchasing a small amount to get started. You can buy as little as 0.00000001 bitcoin, which is the smallest unit of bitcoin called a satoshi.
  • avatarDec 17, 2021 · 3 years ago
    Yes, you can buy a fraction of a bitcoin. The minimum amount you can buy depends on the exchange you use. For example, on BYDFi, the minimum purchase amount is 0.0001 bitcoin. However, other exchanges may have different minimum purchase requirements. It's always a good idea to check with the exchange you plan to use.
  • avatarDec 17, 2021 · 3 years ago
    Definitely! You don't have to buy a whole bitcoin. Bitcoin is divisible, so you can buy as little as a fraction of a bitcoin. The smallest unit of bitcoin is called a satoshi, which is equal to 0.00000001 bitcoin. This means you can buy as little as 0.00000001 bitcoin if you want.
  • avatarDec 17, 2021 · 3 years ago
    Of course! You can buy a fraction of a bitcoin. Bitcoin is divisible up to eight decimal places, so you can buy as little as 0.00000001 bitcoin. This allows for flexibility and makes it accessible for everyone, regardless of their budget.
  • avatarDec 17, 2021 · 3 years ago
    Yes, you can buy a fraction of a bitcoin. The minimum amount you can buy depends on the exchange you use. For example, on Binance, the minimum purchase amount is 0.001 bitcoin. However, other exchanges may have different minimum purchase requirements. It's always a good idea to check with the exchange you plan to use.
  • avatarDec 17, 2021 · 3 years ago
    Definitely! You can buy a fraction of a bitcoin. Bitcoin is divisible up to eight decimal places, so you can buy as little as 0.00000001 bitcoin. This means you can start with a small investment and gradually increase your holdings over time.