Can I buy less than one Bitcoin or other cryptocurrency?
Most of the time, yes. Most coins or tokens are divisible, and you can buy any fraction you could possibly want. You can buy/sell/send 0.1234 Bitcoins, or 5.9823 Ethers, or just a simple 0.5 of either! The smallest unit of Bitcoin is referred to as a “satoshi;” there are 100 million satoshis in 1 Bitcoin.
However, some coins are NOT divisible – NEO is a really popular example. In the exchanges that offer NEO trading you actually can trade for fractional amounts, but when you send your coins to your NEON wallet it must be a whole number, or else the fractions will be lost. The formula you to follow is:
Amount of NEO to withdraw – Exchange withdrawal fee = Whole number amount of NEO
Here is that formula with some numbers plugged in, to illustrate:
5.25 (NEO to withdraw from the exchange) – 0.25 (fee) = 5 (the amount that will appear in your wallet)
Even though you can usually purchase less than one coin, there are some important considerations when deciding how much to trade:
- There may be a minimum trade value. For example, an exchange may not let you trade for < .001 Bitcoin.
- There may be a minimum deposit amount. For example, an exchange may not let you deposit less than $5 USD.
This article was written to the best of our knowledge with the information available to us. We do not guarantee that every bit of information is completely accurate or up-to-date. Please use this information as a complement to your own research. Nothing we write in any of our articles is intended as investment advice nor as an endorsement to buy/sell/hold anything. Cryptocurrency investments are inherently risky so you should never invest more than you can afford to lose.