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Can I purchase only a small amount of bitcoin?

avatarAnderson ArvandoDec 18, 2021 · 3 years ago3 answers

Is it possible to buy a small amount of bitcoin, or do I have to buy a whole bitcoin?

Can I purchase only a small amount of bitcoin?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, 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.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! 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.
  • avatarDec 18, 2021 · 3 years ago
    Yes, 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.