Questions tagged [fraction]

Claudio Wed Jul 10 2024 | 8 answers 2364

I've been hearing a lot about Bitcoin and its potential for investment, but one thing that's been confusing me is whether or not I can actually buy just a fraction of a Bitcoin. I understand that Bitcoin is a digital currency, but does that mean I have to purchase a whole Bitcoin, or can I buy smaller amounts, like a quarter or half? This seems like a logical question given the high price of a single Bitcoin, but I've seen conflicting information online. As a professional practitioner in the field of cryptocurrency and finance, I'd greatly appreciate your clarification on this matter. Thank you for your time and expertise in this area.

Caterina Sat Jul 06 2024 | 7 answers 1969

Can I truly acquire just a piece of a Bitcoin, rather than the whole coin? I've heard of Bitcoin being divided into fractions called "satoshis", but is it really feasible for an individual investor to purchase such small fractions? I'm curious about the practicality and convenience of such transactions. Do exchanges and wallets support the buying and selling of fractional Bitcoins? If so, how does the process work? And is there a minimum amount I need to invest in order to acquire even a small fraction of a Bitcoin? Understanding these details would greatly assist me in navigating the cryptocurrency market.