You probably thought that getting into Bitcoin requires a huge amount of money. Well, here’s the good news: it doesn’t.
There’s a misconception that you need to buy 1 whole Bitcoin to be considered a Bitcoin owner, which makes crypto beginners hesitant to even get started. But we’re here to tell you that it’s just that—a misconception.
The truth is, you can buy fractions of a Bitcoin, depending on the lowest amount possible on the platform you will use. We’ll discuss more of this below, along with a guide on how to buy small amounts of Bitcoin using our beginner-friendly crypto wallet.
Disclaimer: Not financial advice
What Is Bitcoin?
Bitcoin is the first known crypto that was created by the pseudonym Satoshi Nakamoto in 2009. It’s been the most popular crypto since then, and it has the largest market capitalization as well.
Unlike traditional currencies, Bitcoin is entirely virtual, with each transaction recorded on a public ledger called the blockchain. This makes it secure and allows anyone around the world to send Bitcoin transactions without intermediaries like banks or a central authority.
Bitcoin is a popular speculative asset, but you can also use it to buy goods and services from merchants that accept it as a payment method.
How Much Does 1 Bitcoin Cost?
Bitcoin’s value fluctuates, and it can change significantly within seconds. Hence, we can’t give a specific figure in this article. You can check the actual price today on Ka.app, on Google, or other exchanges.
Can You Buy Less Than 1 Bitcoin?
Yes, it’s definitely possible to buy less than one Bitcoin! Bitcoin is designed to be divisible, much like traditional money can be broken down into cents, which means you can purchase fractions of it to suit your budget or preferences.
The smallest fraction you can buy is called a "Satoshi," which is one hundred millionth of a Bitcoin, or 0.00000001 BTC. However, it’s good to note that the minimum possible amount may still vary depending on the platform you will use.
How to Buy Small Amounts of Bitcoin
There are different ways to buy Bitcoin with EUR on Ka.app: through a crypto IBAN, debit or credit card, bank transfer, Apple Pay, and Google Pay, among others. Here are the step-by-step guides:
a. Buy Bitcoin with IBAN
- Sign up on Ka.app.
- Log in.
- Activate the Cash feature to automatically generate your Ka. IBAN.
- Transfer euros from your external bank account to your Ka. IBAN.
- Once you’ve received euros in the app, go to the home screen and select ‘Convert.’
- Choose ‘Bitcoin’ and enter the amount you’d to buy.
- Enter your passcode to confirm the purchase.
b. Buy Bitcoin with Debit or Credit Card
- Log in on Ka.app.
- Click/tap the ‘Buy’ icon.
- Select ‘Bitcoin.’ The Ramp screen will load.
- Select convert euro to Bitcoin and specify the amount you’d like to buy.
- Choose ‘Debit/Credit Card’ as your payment method.
- Enter your card details.
- Verify the transaction to confirm.
c. Buy Bitcoin with Bank Transfer, Apple Pay, or Google Pay
- Log in on Ka.app.
- Click/tap the ‘Buy’ icon.
- Select ‘Bitcoin.’ The Ramp screen will load.
- Select convert euro to Bitcoin and specify the amount you’d like to buy.
- Select your payment method: Apple Pay, Google Pay, or Bank Transfer.
- Enter your account details.
- Confirm the transaction.
How Much Is the Minimum Amount of Bitcoin I Can Buy on Ka.app?
As of writing, you can buy a minimum of 0.0001 Bitcoin on Ka.app. You can see its equivalent in euro on our platform.
3 Simple Tips in Buying Small Amounts of Bitcoin
Ready to buy small amounts of Bitcoin? Be sure to keep these things in mind:
1. Learn more about the market.
Before diving in, it’s best to familiarize yourself with the crypto market’s volatility, market sentiment, and other factors affecting Bitcoin’s price movements. Prices can fluctuate widely in short periods, making it important to approach your investment with a clear strategy and a level head.
2. Choose the right platform for you.
Select a reputable crypto platform or choose from apps like Bitpay that support small purchases, such as Ka.app. Be sure to consider intuitive screens, low transaction fees, and strong security features.
3. Store your assets safely.
Bitcoins are Bitcoins, regardless of the amount you have. Therefore, it’s crucial to prioritize security by using strong passwords, keeping your software up to date, avoiding the use of public WiFi, etc.
Final Thoughts
Starting your Bitcoin journey is quick and easy with Ka.app. You don’t need a lot of money as you can start with at least 0.0001 Bitcoin only, then slowly add funds as you wish and can over time. Various payment options are also available, include buying crypto with IBAN, debit/credit card, bank transfers, Apple Pay, Google Pay, and more. Converting Bitcoin to euro and other available tokens is also possible in just a few clicks.
Get started by signing up on Ka.app today.
FAQs
How do I buy a small portion of Bitcoin?
First, you have to create an account on a crypto platform that allows you to buy small amounts of Bitcoin. Then, follow the platform’s process of buying crypto. For instance, on Ka.app, you can buy Bitcoin with IBAN, debit/credit card, Apple Pay, Google Pay, and bank transfer.
Can I buy a small amount of Bitcoin?
Yes, you certainly can! Many crypto platforms allow you to buy Bitcoin in smaller amounts.
Can you buy 1% of a Bitcoin?
Yes, you can buy 1% of a Bitcoin or even less. One Bitcoin is divisible to eight decimal places, so you can buy fractions of a Bitcoin to the exact amount you're comfortable with. On Ka.app, you can buy even just 0.0001 Bitcoin.
What's the smallest fraction of Bitcoin you can buy?
As mentioned above, the smallest unit of Bitcoin, called a Satoshi, is equal to one hundred millionth of a Bitcoin, or 0.00000001 BTC. While buying a single Satoshi might not be practical due to transaction fees on some platforms, you can easily buy thousands or millions of Satoshis. Most crypto platforms have minimum purchase amounts that might be equivalent to a few dollars, allowing you to buy small fractions of Bitcoin without needing to buy a whole coin.
