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What are the options for buying a fraction of a digital asset?

avatarIndrakumar NaragudeDec 16, 2021 · 3 years ago3 answers

I want to invest in digital assets, but I don't have enough money to buy a whole coin. What are the different options available for buying a fraction of a digital asset?

What are the options for buying a fraction of a digital asset?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One option for buying a fraction of a digital asset is to use a cryptocurrency exchange that supports fractional trading. These exchanges allow you to buy and sell a fraction of a digital asset, such as Bitcoin or Ethereum, instead of having to buy a whole coin. This can be a great option for investors who want to get started with digital assets but don't have a large amount of capital to invest.
  • avatarDec 16, 2021 · 3 years ago
    Another option is to use a peer-to-peer trading platform that allows users to buy and sell fractions of digital assets directly from other users. These platforms connect buyers and sellers and facilitate the exchange of fractional ownership. It's important to do your research and choose a reputable platform with good security measures in place.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers the option to buy fractions of digital assets. With BYDFi, you can invest in a fraction of a digital asset and benefit from the potential growth of the asset. This can be a convenient option for investors who want to diversify their portfolio and take advantage of the opportunities in the cryptocurrency market.