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How many shares do I need to buy a cryptocurrency?

avatarMurodjon SolijonovDec 27, 2021 · 3 years ago3 answers

I'm new to cryptocurrency and I'm wondering how many shares I need to buy in order to invest in a cryptocurrency. Can someone explain how shares work in the context of buying cryptocurrencies?

How many shares do I need to buy a cryptocurrency?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to buying cryptocurrencies, you don't actually buy shares like you would with stocks. Cryptocurrencies are typically bought in whole units, such as Bitcoin or Ethereum. You can buy as little as a fraction of a cryptocurrency, depending on the exchange you use. The amount you need to invest in a cryptocurrency will depend on its current price and your desired investment amount.
  • avatarDec 27, 2021 · 3 years ago
    Shares are not applicable to cryptocurrencies. Cryptocurrencies are decentralized digital assets that are traded on exchanges. Instead of buying shares, you buy and own a certain amount of the cryptocurrency itself. The amount you need to buy will depend on the current price of the cryptocurrency and the amount you want to invest.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to buying cryptocurrencies on BYDFi, you can buy any amount you want. BYDFi allows you to invest as little as $10 in cryptocurrencies. You don't need to worry about shares, as you can buy any fraction of a cryptocurrency. Simply choose the cryptocurrency you want to invest in and enter the amount you wish to buy.