What are the advantages of buying partial shares of digital currencies?

3 answers

• Dec 17, 2021 · 3 years ago
  One advantage of buying partial shares of digital currencies is that it allows investors to enter the market with a smaller investment. Instead of having to buy a whole unit of a digital currency, which can be expensive, investors can purchase a fraction of a unit. This makes it more accessible for individuals who may not have a large amount of capital to invest. Additionally, buying fractional shares allows for diversification. Instead of putting all of your investment into one digital currency, you can spread your investment across multiple currencies, reducing the risk associated with investing in a single currency.
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• Dec 17, 2021 · 3 years ago
  Another advantage of buying partial shares of digital currencies is the ability to dollar-cost average. Dollar-cost averaging is an investment strategy where an investor buys a fixed dollar amount of an investment at regular intervals, regardless of the share price. By buying fractional shares regularly, investors can take advantage of market fluctuations and potentially lower their average cost per share over time. This strategy can help mitigate the impact of short-term price volatility and potentially lead to better long-term returns.
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• Dec 17, 2021 · 3 years ago
  From a third-party perspective, buying partial shares of digital currencies can be advantageous for investors. It allows them to have exposure to multiple digital currencies without the need to hold large amounts of each individual currency. This can be particularly useful for investors who want to diversify their portfolio and take advantage of different opportunities in the digital currency market. By purchasing fractional shares, investors can have a more balanced and diversified portfolio, which may help reduce risk and potentially increase returns.
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