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Can you buy fraction of Bitcoin? Yes. Here’s how (+ FAQs)

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Remember the universal rule: there are no bad questions if you are new. The more you ask the better off you will be. Cryptocurrency is not an exception.

The question that A LOT of new people entering Bitcoin are having is something like this:

Do you have to buy the whole Bitcoin or can you buy a fraction?

Short answer: no, you do not have to buy a whole Bitcoin to own it. You can buy fraction of a Bitcoin.

Be it a 0.10 or 0.0001 – the smallest unit you can own is 0.00000001 BTC, which is “one satoshi”, named after Satoshi Nakamoto, the creator of Bitcoin. You won’t be able to buy that little right now, since you’d have to have some extra for miner fees if you want to transfer your Bitcoin somewhere, but normally buying a “$XXX-worth of Bitcoin” is absolutely fine.

“Bitcoin is too expensive, I can’t afford the whole Bitcoin!”

Like we said above, this is absolutely fine. Right now Bitcoin is worth about $15K which is a lot. However, it is by no means too late to buy Bitcoin. If you want you can purchase $100 of Bitcoin, or $500 or $1000 worth of Bitcoin – any way of purchasing Bitcoin you select will allow you to do that.

Here’s a great Bitcoin purchase calculator from Indacoin, one of the best places to buy Bitcoin with a credit card:


/ Switch between USD and EUR to see your price, then click “Buy Now” to get your piece of Bitcoin! /

Unfortunately, too many newcomers have concluded that you MUST purchase a whole Bitcoin in order to won any. There have been a lot of reports on Twitter and other social media of that:

A bitcoin is worth $725.88 USD, and I can’t even afford one. How do I get on board. from Bitcoin

[Serious] I want to get bitcoin, but I cant afford it. Is it still worth mining? I have 4 powerful computers. from Bitcoin

Interestingly, some say the recent rise of Litecoin demand and price was caused by the fact that people went for the “second cheapest” coin, being unable to afford a whole Bitcoin, but willing to invest into cryptocurrencies nonetheless:

 

As you can see, a lot of Ripple and Litecoin growth can be attributed to price per unit being so low. Newcomers into cryptocurrency want to “buy a lot of coins”, get discouraged by high Bitcoin price (which, ideally, will only grow), and buy altcoins, pumping their price as a result.

“So when to buy Bitcoin in 2018? Is it too late to buy Bitcoin?”

[this is NO investment advice. do your research and invest at your own risk]

Any day is a good day to buy Bitcoin. The price fluctuates often, and if you believe in the technology that allows you to keep your savings away from banks, states and centralized fiat currencies, then the dollar price of a Bitcoin does not really matter.

Use the Indacoin widget above to buy your Bitcoin or research other ways to buy Bitcoin (you can even set up a monthly recurring purchase at Blockchain.info, investing part of your earnings into BTC if you wish), – act at your own convenience. But remember – you can (and should, while you’re learning) buy a fraction of Bitcoin.

Oh and make sure you learn how to keep your Bitcoin safe by studying this Bitcoin wallet comparison.

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