Cryptocurrency Q&A
Can you buy a fraction of a coin on Coinbase?
Can you buy a fraction of a coin on Coinbase?
KatieAnderson
Fri Jul 12 2024
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5 answers
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Can someone please clarify for me if it's possible to purchase a fraction of a coin on the Coinbase platform? I've heard some platforms allow users to buy smaller increments of digital currencies, rather than having to buy a whole coin. Is this the case with Coinbase? If so, how does the process work? And is there a minimum fraction that can be purchased? Any information on this would be greatly appreciated, as I'm new to the cryptocurrency world and am still navigating the nuances of these digital exchanges. Thank you in advance for your assistance.
5 answers
Elena
Sun Jul 14 2024
This feature is not uncommon among investing platforms, such as Robinhood, which allows traders to invest in fractional shares.
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EthereumLegend
Sun Jul 14 2024
With Robinhood, investors can contribute a small amount, like $25, towards popular stocks like Amazon and Apple, without having to invest the full share price, which often exceeds $100.
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Sara
Sun Jul 14 2024
Similarly, Coinbase's fractional coin purchase system caters to users with varying budgets, allowing them to gain exposure to cryptocurrencies even with limited funds.
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CryptoTrader
Sun Jul 14 2024
Cryptocurrency exchanges have various policies regarding the purchase of digital coins.
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Raffaele
Sun Jul 14 2024
Coinbase, for instance, provides a unique service that enables users to acquire fractions of a coin.
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