Introduction to Buying
Well, I have to tell you that you really do not have to invest much into Cryptocurrency, and you can start off very small.
On Coinbase, for example, the minimum amount is 2 Dollars. But on LocalBitcoins the minimum amount is 1 cent. I am also going to show you, how to buy Bitcoins using an ATM machine. First things first, I know there are a ton of different Cryptocurrencies you can invest in. In fact, there are over of them. But in this guide, I am going to stick to Bitcoin, because once you bought some Bitcoin, you can exchange it for any other Cryptocurrency as well. The question I am going to answer is, what the lowest amount of US Dollars is, that you can possibly buy Bitcoin with.
Every Bitcoin can be broken up into million smaller pieces, each called a Satoshi. You can only go to the Satoshi level, and no further.
So in theory, the smallest amount of Bitcoin you can possibly buy is one Satoshi. I know you hate this answer, but it depends. To be specific, it depends on which exchange you are using to buy your Bitcoins, which currency you are using, and in which country you are located.
You can deposit a minimum of 2. Then you can deposit a minimum of 2 US Dollars. This will be the minimum amount you can invest in Cryptocurrencies. But if you are using the Euro, on the other hand, you will able to deposit a minimum of 2 Euros. Then this will be the smallest amount of money you can invest in Cryptocurrencies on Coinbase. Because the way to pay the seller gets paid is through a bank transfer or another traditional way of making financial transactions.
Apart from looking for a reputable and trustworthy seller, you should also make sure that the seller accepts a minimum amount of 0 Dollars. Then you just need to send the 1 cent to the seller and there you have it. You bought Bitcoins for the least amount of money possible! So I guess that you can deposit how much money you want, but you always will have to pay these fees, which will make small deposits pretty expensive.
If you are able to transfer money through ACH, then you will not pay fees, and you can basically deposit money for free. But if you want to deposit money through Wire transfers, or SEPA transfers, you will have to pay some fees.
So this is pretty costly, especially if you only want to invest a small amount of money into Cryptocurrencies.
If you, on the other hand, have Euros and would like to deposit them via a SEPA transfer, you will need to pay 0. So investing in Cryptocurrencies through Coinbase Pro formerly called GDAX really could make sense, if you are using the Euro, and are willing to pay 0.
BitStamp handles Cryptocurrency transactions a bit more complicated than the other exchanges I already presented to you. If you do a SEPA transaction, you do not have to pay any kind of fee.
This means, that you could transact any amount of money to BitStamp, and you will be able to invest that into Cryptocurrencies. The minimum amount of money you will be able to deposit via a Wire transfer is 50 US Dollars.
On top of that, you will have to pay a fee of 7. As with the last exchange, it is a great way to purchase Cryptocurrencies if you are using the Euro.
But if you are doing an international transfer, then buying Cryptocurrencies through BitStamp could expensive really fast. Rather, you can only trade with as little as 0. At the time of writing, this would mean that you could only trade with at least 12 US Dollars. If you, however, decide to deposit Euros through a Wire transfer, there will be a fee of 5 Euros.
Same as with the other exchanges above, the US Dollar costs money to deposit. With every deposit you make through a US Dollar Wire transfer, you will have to pay a fee of 5 Dollars. Gemini does not state exact deposit minimums, nor fees on their support websites.
Rather, they have a page about trading minimums, where they say that you can only trade Bitcoins that are worth more than 0.
Bitfinex is an exchange, which is targeted more towards professional and large-scale investors, rather than someone, who just wants to try out buying Bitcoin. Nonetheless, there is a fee of 0.
However, if the 0. If you are out there looking for a way to buy Bitcoin on the cheap, you may also consider buying Bitcoins without sending bank transfers all over the world. Just insert your location and it will show you all the nearest Bitcoin ATM machines.
Once there, you can just insert a bank note, let the machine scan your Bitcoin wallet, and wait for the Bitcoin ATM machine to transfer the Bitcoins over to your wallet. And of course, there are. ATM machine owners do want to make a profit, even if is only a small transaction fee. In fact, Bitcoin ATMs do charge a large fee, compared to using an online exchange, so you might be better off just using one of the exchanges I listed above.
Compared to the exchanges I showed you above, this is pretty expensive. But to get back to the question of this subheading, yes you absolutely can buy Bitcoins with Cash, by just using a Bitcoin ATM machine. Just be aware of the high fees that are attached to every transaction. I hope I could show you what the minimum amount of money to invest in Cryptocurrencies is, and where you can find that. Now I would like to hand it over to you: Which exchange do you prefer to buy your Cryptocurrencies?
Are you a fan of the big centralized exchanges like Coinbase, or do you prefer the peer-to-peer exchanges like LocalBitcoins? Thanks a lot for reading all the way to the end and I hope you found some really useful information in this post. I am all about helping you understand the Crypto space better and really get to know the in's and out's of this exciting world of Cryptocurrencies.
I have been in the Crypto space for a couple of years now and while I am not professor on this subject, I love researching things, learning about this awesome technology and, of course, sharing all my knowledge with you! Save my name, email, and website in this browser for the next time I comment.
Notify me via e-mail if anyone answers my comment. Hit enter to search or ESC to close. What is the minimum amount to invest in Cryptocurrencies? So what is the actual minimum number of US Dollars, with which you can buy Bitcoins? What is the minimum amount of money to buy Cryptocurrencies on Coinbase? What is the minimum amount of money to buy Bitcoins on LocalBitcoins? I have good news for you because it is 1 cent.
Why you might ask? But there is one thing to look out for when you are looking for sellers on LocalBitcoins. What is the minimum amount of money to buy Cryptocurrencies on BitStamp? What is the minimum amount of money to buy Cryptocurrencies on Kraken? So there you have it. Another thing to note is the fee with each deposit. What is the minimum amount of money to buy Cryptocurrencies on Gemini?
So, I guess that you can buy Bitcoins with as little as 1 cent, which, if true, is amazing! What is the minimum amount of money to buy Cryptocurrencies on Bitfinex?
Can you buy Bitcoins with Cash? Now you may wonder if there are any fees attached to that. Conclusion I hope I could show you what the minimum amount of money to invest in Cryptocurrencies is, and where you can find that. Let me know in the comments below. Adrian Trummer I am all about helping you understand the Crypto space better and really get to know the in's and out's of this exciting world of Cryptocurrencies. Adrian Trummer April 21, Adrian Trummer April 19, Adrian Trummer April 14, Varuna says:.
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What is the minimum amount to invest in Cryptocurrencies?
Last updated: 17 December We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners. Buying Bitcoin is easier than you might think. The two main ways of buying Bitcoin are to find a Bitcoin broker and purchase directly or to visit a cryptocurrency exchange and buy Bitcoin on the open market. How did we pick these exchanges? Check out our methodology and read on for our take on each pick.
Bitcoin - What You NEED To Know Before Investing in Bitcoin
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If you don't have a wallet yet, learn how to get a Bitcoin wallet. No bank can block payments or close your account. Just like any information you give up online, there is buu the risk that bitckin can be hacked or stolen from the website you give it to. External payment providers will then charge between 1. But to get back to the question of this subheading, yes you absolutely can buy Bitcoins with Cash, by just using a Bitcoin ATM machine. Gemini does not state exact deposit minimums, nor fees on their support websites. As you can see the order expires to ensure accurate pricing. So what is the actual minimum number of US Dollars, with which you can buy Bitcoins? You're also free to try multiple exchanges to see which you like using the best. PS: you can also check out our BitPanda review! There has been no data breaches or anything of the sort so far. There is no official Bitcoin price.