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What can you buy with 850 pesos in the cryptocurrency market?

avatarIsabel KilpatrickDec 16, 2021 · 3 years ago3 answers

If you have 850 pesos, which is equivalent to approximately 40 US dollars, what can you purchase in the cryptocurrency market? Are there any cryptocurrencies that you can buy with this amount? What are the options available for someone with a limited budget?

What can you buy with 850 pesos in the cryptocurrency market?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    With 850 pesos, you have a few options in the cryptocurrency market. One option is to buy a fraction of a popular cryptocurrency like Bitcoin or Ethereum. While you won't be able to buy a whole coin, you can still own a small portion of these cryptocurrencies. Another option is to explore smaller and less expensive cryptocurrencies. These altcoins may have lower prices and offer the potential for higher returns. However, it's important to do thorough research before investing in any cryptocurrency, especially if it's relatively unknown. Keep in mind that the cryptocurrency market is highly volatile, so it's crucial to only invest what you can afford to lose.
  • avatarDec 16, 2021 · 3 years ago
    With 850 pesos, you can buy a fraction of a Bitcoin or Ethereum. These are the most popular and widely recognized cryptocurrencies, and owning even a small portion can be a good investment. However, it's important to note that the prices of these cryptocurrencies can fluctuate greatly, so it's essential to keep an eye on the market and make informed decisions. Additionally, you can also consider investing in smaller, lesser-known cryptocurrencies. These altcoins may have lower prices and the potential for higher returns. Just remember to do your research and only invest what you can afford to lose.
  • avatarDec 16, 2021 · 3 years ago
    With 850 pesos, you can explore the cryptocurrency market and find various options. One platform you can consider is BYDFi, a popular cryptocurrency exchange. BYDFi offers a wide range of cryptocurrencies that you can purchase with your budget. They have a user-friendly interface and provide secure trading options. Additionally, you can also look into other exchanges like Binance or Coinbase, which offer a diverse selection of cryptocurrencies. It's important to compare prices and fees on different exchanges to ensure you're getting the best value for your money. Remember to always do your own research and make informed decisions when investing in cryptocurrencies.