Questions tagged [buy a fraction]

CryptoBaroness Sat Jul 13 2024 | 0 answers 0

Can someone really purchase a fraction of a bitcoin? I've heard about the concept of fractional ownership, but is it actually possible to do so with cryptocurrencies like Bitcoin? If so, how does the process work? Does it involve specialized platforms or exchanges? Are there any minimum purchase amounts or restrictions? And how does fractional ownership affect the overall market value and liquidity of Bitcoin? I'm curious to know if this is a viable option for investors who are interested in Bitcoin but may not have the funds to purchase a full coin.

PulseWind Fri Jul 12 2024 | 5 answers 1178

When it comes to purchasing a fraction of Bitcoin on Coinbase, the process is surprisingly straightforward. Firstly, you'll need to create a Coinbase account and verify your identity. Once your account is set up, you can choose to fund your account via bank transfer, debit card, or credit card. After your funds are available, navigate to the "Buy/Sell" section of the platform. Here, you'll be able to select Bitcoin as your desired asset and input the amount you wish to purchase, whether it's a full coin or just a fraction. Coinbase will automatically calculate the cost based on the current market price. Finally, confirm your purchase and wait for the transaction to be completed. Remember, fractional ownership of Bitcoin allows investors to diversify their portfolios without having to invest a significant amount of money upfront.