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Season 1Episode 11:36

One bitcoin costs that much. Can I still buy some?

In this lesson Tell the number of coins apart from the amount you spend, and know bitcoin can be bought in fractions.

Your next step

Fees, minimum orders and withdrawal routes differ between exchanges. Compare them side by side before you choose.

Compare exchanges

Key takeaways

  1. The price of one bitcoin is not the price of getting started.

  2. Bitcoin divides into decimals: spend 100 at 50,000 and you hold 0.002 BTC.

  3. Each platform sets its own minimum order and fees, so check both first.

Quick check

One bitcoin is 50,000 USDT. You spend 100 USDT, ignoring fees. What do you get?

Try it yourself

In the practice panel, convert a spend of 100 into a coin amount. No real order is created.

Show the answer

0.002 BTC (fees not deducted).

Transcript

  1. Sam

    One coin costs that much? I can't even afford a ticket in.

  2. Nexubo

    That's the price of one whole coin. It's not what you have to pay each time. Bitcoin is a digital asset, and you can hold it in decimal amounts. You usually don't buy a whole one.

  3. Narrator

    One practice sum. Say one bitcoin is 50,000 USDT and you spend 100. Ignoring fees, that's 0.002 bitcoin. This is not today's market price.

  4. Sam

    And when the price moves?

  5. Nexubo

    The number of coins can stay the same, but their value goes up and down. Buying a little means risking less. It doesn't mean no risk.

  6. Nexubo

    You can split it, but not every platform accepts any tiny order. Check the minimum amount and the fees. While you learn, use virtual funds. No deposit needed.

  7. Narrator

    Do you have to buy a whole bitcoin? No. Remember: the price of one coin is not the price of getting started.

  8. Narrator

    Most trades are priced in USDT. But is USDT really a dollar? Next episode.

  9. Narrator

    Understand first, then act.