Bitcoin: How to buy a fraction of this cryptocurrency?
2022-05-14 16:42:31 Bitcoin, World’s Largest Cryptocurrency Instagram @bitcoin.info.9 By now, everyone has probably heard about the world’s largest cryptocurrency in…
Bitcoin, World’s Largest Cryptocurrency Instagram @bitcoin.info.9
By now, everyone has probably heard about the world’s largest cryptocurrency in the news or from a friend, and fans of this type of economy talk about it becoming the global currency of the future.
Faced with so much information, more than one person has thought of becoming a part of this financial revolution and asked himself the question: How do you buy bitcoins?
There are many exchanges that will allow you to exchange your funds for bitcoin. One of them is eToro.
If you want to buy bitcoin through eToro, all you need to do is sign up, link your bank, and transfer funds to your eToro account. From there you will be able to buy and sell bitcoins easily.
Bitcoins can be bought in fractions, so you don’t need to buy the whole bitcoin to buy something. For example, if the price of bitcoins is 10 thousand dollars, you can buy 0.1 bitcoins per thousand dollars.
The acquisition of these types of coins in the eToro portal is cheaper than on other pages, and they do not charge any commission.
Bitcoin can be a risky investment, so it is important to think carefully about your goals and strategy before making a decision.
While the price of bitcoin has risen dramatically over time, not everyone who buys it has reaped a slice of those gains.
Because cryptocurrency markets are so volatile in general, it’s nearly impossible to find the “right time” to buy or sell: the price can skyrocket or drop as soon as you sell or as soon as you buy.
That said, there are some basic guidelines. A general rule of thumb is to never invest more than 10% of your portfolio in individual stocks or risky assets like bitcoin.
If you are new to investing, learn more about investing money. If you decide to buy bitcoin, you will have to make some technical and logical decisions as well.