Can You Buy a Portion of Bitcoin?
Bitcoin emerged in 2009 after Satoshi Nakamoto created it before disappearing. Satoshi Nakamoto created an utterly decentralized currency and ensured its users remained anonymous. Despite this digital currency’s volatility, it is a perfect investment. You can either trade this digital currency or invest for a long time. Either way, this digital money is a currency capable of ensuring high returns to an investor. If you are interested in bitcoin trading check different websites such as BitIQ trading site
On the other hand, investors always wonder if they can purchase a portion of this digital asset. The answer is yes. You can buy a piece of this electronic currency. The most popular cryptocurrency allows people to buy a fraction of the cryptocurrency. The smaller unit of this virtual currency is known as a Satoshi, named after its anonymous creator. This Satoshi exemplifies one hundred millionths of this virtual asset. As a result, these smaller units of this digital money allow people to buy Bitcoin in smaller portions at a more affordable price. Here’s how to purchase your first portion of this digital money.
Get an Exchange Platform
Before anything else, get a trading exchange platform that best suits your trading needs and styles. Typically, there are two platforms you can use to trade this electronic money: traditional exchanges and peer-to-peer marketplaces.
With traditional platforms, they have been around for quite a long time. These platforms are regulated and match buyers and sellers of this virtual currency using an order book or a list of offers electronically. Once buyers and sellers connect successfully, these platforms will facilitate the transfer and exchange of this digital money into fiat. In other words, traditional crypto exchanges act as middlemen that help connect buyers and sellers of this electronic currency.
On the contrary, peer-to-peer exchanges do not act as middlemen even though they used to order books. So, these peer-to-peer exchanges allow buyers and sellers to transact directly and not interfere. However, these exchanges will only intervene if there is a dispute.
With traditional exchanges acting as middlemen, buying this digital money from them is more expensive than peer-to-peer platforms.
Begin Trading
Before you begin trading, thoroughly review every detail until you feel comfortable with the seller’s terms to buy this digital money. If you are pleased with everything, you can click the buy button and purchase your portion of this electronic money.
Once the trading kicks off, the seller will send their payment instructions which you should follow keenly and avoid future problems. In case of any questions, consult the seller privately. Once you have paid, wait for the seller to verify the payment.
Receive Your Bitcoin
After the seller verifies your payment, they can release your portion of this digital money from escrow, and the trade is complete. You can choose to leave some feedback to the seller after receiving your part of this virtual money. However, you decide whether to leave a comment or not. After receiving, you decide whether to start trading, lending, staking, or any other way you find suitable to earn a once from this digital money.
The Bottom Line
Buying a portion of this virtual currency is possible via a reliable and reputable exchange to facilitate the process. So, if you cannot purchase one BTC, follow the above easy process and purchase your portion of this digital money. Eventually, you can buy more pieces to grow your crypto portfolio.
