Investors have been buying bitcoin for over a decade, but it has never been the easiest thing to do for the average investor. Bitcoin is a digital cryptocurrency that uses blockchain technology to transact payments. Bitcoin is mostly considered a speculative investment and has historically been extremely volatile.
In this article, we are going to explain how you can go about buying $100 worth of Bitcoin. This is not a recommendation to purchase Bitcoin as an investment.
There are a variety of ways you can purchase Bitcoin, most use digital exchanges similar to a brokerage for trading stocks. One of the most common crypto exchanges used today is Coinbase. The Coinbase platform provides a dashboard where you can buy and sell Bitcoin and other cryptocurrencies.
If you decide to use Coinbase to purchase Bitcoin then you will need to create an account here.
Once you input your personal information and set up your security questions you will be directed to set up your funding method.
There are a variety of funding methods Coinbase accepts, such as
Coinbase does not accept physical checks to purchase cryptocurrency.
When your Coinbase account is established and funded you will then be eligible to purchase Bitcoin and other cryptocurrencies.
If you sign up for Coinbase you will also be eligible to receive $5 in free Bitcoin. All you need to do is set up your Coinbase account and you will be eligible for the free $5 in Bitcoin. See the Coinbase Terms for this promotion.
Using the Coinbase platform you can also set up recurring purchases of Bitcoin. In the transaction tab create a purchase ticket and select "one-time purchase" and select the frequency you'd like to set up your recurring purchase.
You can choose to repeat your Bitcoin purchase:
Coinbase requires a minimum order of $2/€2 or more to buy Bitcoin or other cryptocurrencies.
Other exchanges may have different transaction minimums, so keep in mind which exchange you decide to use. As Bitcoin is a largely speculative investment, then it's important to consider the risks associated with this purchase.
Although Bitcoin is currently trading over $30,000 for a single Bitcoin, you can purchase fractional shares in smaller denominations. So using Coinbase for example, you can purchase $100 or even less in Bitcoin. This way the average Joe investor can purchase small amounts of Bitcoin as well.
This is not a recommendation to purchase bitcoin, and just like any investment remember to do your due diligence before committing capital.
