Buy Bicoin for 1$
Start building your own cryptoreserve with $1
Bitcoin, the first and most popular cryptocurrency, has taken the world by storm. While many view it as an investment opportunity, you don’t need to buy a whole Bitcoin to get started. With Bitcoin’s fungibility, you can buy as little as a fraction of a Bitcoin—sometimes for as little as $1. Here’s how you can begin your journey into the world of cryptocurrency with just a small investment.
The Prophetic $1 Bitcoin Video
Back in the early days of Bitcoin, a visionary YouTuber named DaVinci Jeremie made a passionate plea that would prove prophetic. His simple message: “Just buy $1 worth of Bitcoin.” At the time, this advice seemed trivial to many, but those who followed it have seen incredible returns. Watch his original message here:
DaVinci Jeremie’s early advocacy for Bitcoin has become legendary in the cryptocurrency community. His simple message about starting with just $1 has helped countless people begin their Bitcoin journey, proving that you don’t need a large investment to get started.
Step 1: Choose a Reliable Platform
The first thing you need to do is choose a reliable exchange or platform that allows you to buy Bitcoin with small amounts of money. Some popular platforms that allow fractional purchases include:
- Coinbase: Coinbase is one of the easiest platforms to use for beginners. You can buy fractions of Bitcoin starting from just $1.
- Cash App: Cash App also allows you to purchase Bitcoin with as little as $1.
- Binance: Binance has a low minimum buy amount and offers a variety of payment options.
It’s important to select a platform with low fees, good reputation, and proper security measures to ensure your transactions are safe.
Step 2: Set Up Your Account
Once you’ve chosen your platform, you’ll need to create an account. This usually involves providing some personal information and verifying your identity to ensure the platform complies with regulatory requirements.
After your account is set up, you can proceed to deposit funds into it.
Step 3: Deposit Funds
Now that your account is ready, you’ll need to deposit funds. Most platforms accept payments through debit cards, credit cards, bank transfers, and even payment apps like PayPal or Venmo. Some services even allow users to deposit small amounts from external wallets.
For example, Coinbase and Cash App make it easy to fund your account quickly using a debit card.
Step 4: Purchase Bitcoin in Fractions
One of the most important things to understand about Bitcoin is that you don’t have to buy a full Bitcoin (which can be valued at $100,000 or more). Bitcoin is fungible, meaning it can be divided into smaller units called “satoshis.”
- 1 Bitcoin (BTC) = 100 million satoshis
- With as little as $1, you can buy fractions of Bitcoin (a small portion measured in satoshis).
For example, if Bitcoin is priced at $50,000, you could buy 0.00002 BTC (which would be equivalent to $1). This means you can invest in Bitcoin without needing a massive amount of money upfront. So even with smaller investments, you can own a piece of Bitcoin!
To make the purchase:
- Go to the Buy or Trade section on your platform.
- Choose Bitcoin (BTC) as the cryptocurrency you want to purchase.
- Enter the amount you want to invest (e.g., $1, $5, or more).
- Confirm the transaction and you will now own a fraction of Bitcoin!
Step 5: Secure Your Bitcoin
After purchasing your Bitcoin, it’s important to store it securely. Although you can leave your Bitcoin on the exchange, it’s recommended to transfer it to a private wallet for greater security.
You can choose between two types of wallets:
- Hot Wallets: These are online wallets that allow you easy access to your Bitcoin but are more susceptible to hacking risks.
- Cold Wallets: These are hardware wallets that store your Bitcoin offline and provide the highest level of security.
Tip: Even if you own only a fraction of Bitcoin, it’s still essential to treat it with the same care as owning a whole Bitcoin.
Understanding Satoshis: The Smallest Unit of Bitcoin
Think of Bitcoin like dollars and cents. Just as $1 can be divided into 100 cents, 1 Bitcoin can be divided into 100 million smaller units called “satoshis” or “sats” for short. This makes Bitcoin incredibly flexible for small purchases or investments.
Here’s a quick way to understand how much your dollars are worth in satoshis (using a Bitcoin price of $65,000 as an example):
| USD Amount | Satoshis (sats) |
|---|---|
| $1 | 1,538 sats |
| $5 | 7,692 sats |
| $10 | 15,384 sats |
| $20 | 30,769 sats |
| $50 | 76,923 sats |
| $100 | 153,846 sats |
This means even with just $1, you can own over a thousand satoshis! It’s a great way to start building your Bitcoin savings, no matter how small the amount.
Try it yourself with our calculator:
Bitcoin Calculator
Note: The actual number of satoshis you receive will vary based on the current Bitcoin price and any fees charged by the exchange.
Conclusion
The beauty of Bitcoin lies in its fungibility—there’s no need to purchase an entire Bitcoin to get started. Whether you want to invest $1, $5, or $100, you can own a fraction of Bitcoin and participate in the cryptocurrency market. Platforms like Coinbase, Cash App, and Binance make it easy for anyone to get started, no matter how much money you have to invest.
By buying Bitcoin in small fractions, you can slowly build your investment over time, with the added benefit of being able to enter the crypto market with a minimal initial investment.
Disclaimer: Cryptocurrency investments come with risks. Always do your own research and consider your risk tolerance before investing in any cryptocurrency.