Which cryptocurrencies can I buy with 1 rupee?
Patty annDec 20, 2021 · 3 years ago3 answers
I want to invest in cryptocurrencies but I only have 1 rupee. Are there any cryptocurrencies that I can buy with such a small amount?
3 answers
- Dec 20, 2021 · 3 years agoUnfortunately, with only 1 rupee, it will be challenging to find cryptocurrencies that you can buy. Most cryptocurrencies have a minimum investment requirement, and 1 rupee is significantly below that threshold. However, you can consider investing in cryptocurrencies that have a very low price per unit, such as Dogecoin or Tron. Keep in mind that investing such a small amount may not yield significant returns, but it can be a starting point for learning and getting familiar with the cryptocurrency market.
- Dec 20, 2021 · 3 years ago1 rupee won't get you much in the world of cryptocurrencies. Most popular cryptocurrencies like Bitcoin and Ethereum are priced in thousands or even tens of thousands of rupees. However, there are some lesser-known cryptocurrencies that have a very low price per unit. One such example is Stellar Lumens (XLM), which is currently trading at a fraction of a rupee. Keep in mind that these lesser-known cryptocurrencies often come with higher risks, so do your research before investing.
- Dec 20, 2021 · 3 years agoAt BYDFi, we understand that not everyone has a large budget to invest in cryptocurrencies. While 1 rupee may not be enough to buy popular cryptocurrencies, you can explore alternative options. One option is to invest in stablecoins like Tether (USDT) or Binance USD (BUSD), which are pegged to the value of 1 rupee. Another option is to invest in micro-cap cryptocurrencies that have a low price per unit. Remember to consider the risks and do thorough research before investing.
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