What is a fraction of a Bitcoin?

Yes, it’s true that Bitcoin is a single unit of currency, but it’s also true that it can be further divided into more, smaller units, just like a dollar can be further divided into pennies and nickels and so on. The smallest unit of Bitcoin is called a “Satoshi” and it is worth one hundred millionth of a bitcoin, or 0.00000001 BTC. 1 Satoshi = 0.00000001 BTC So, theoretically, you can purchase as little as one Satoshi when looking to invest in Bitcoin. However, the actual minimum amount of Bitcoin you must buy will vary from one exchange to another. Now that that’s clear, let’s discuss the best way to buy a fraction of a bitcoin with the world’s leading exchanges.

How to buy a fraction of a Bitcoin From P2P crypto Exchange, Shiftal?

When looking to buy Bitcoin, the first thing you need to do is find the right exchange. A crypto exchange is a website that allows you to buy/sell a cryptocurrency like Bitcoin. The platform will charge a fee per transaction for its services. The things to consider when choosing a Bitcoin exchange include the trading fee, the minimum BTC amount to buy, security, flexibility, reliability, payment methods available, among others. Make sure to check whether the exchange allows you to buy as little BTC as you want. Most of the new traders would want to start with a small amount, to test the waters first before going all in. There are two common choices when it comes to the most popular types of crypto exchanges in the market - Regular/traditional exchange and Peer-to-peer crypto exchange. Regular exchanges are one of the oldest types of crypto exchange available to us. These are centralized platforms that allow users to buy and sell Bitcoins by matching the orders. For instance, someone looking to sell 1 bitcoin will have to find someone who is willing to buy 1 bitcoin at the same time. The exchange will use a matching system to connect such buy/sell orders in real-time and will ensure the safety of transactions on its platform. Another, usually better, alternative is a peer-to-peer exchange, which allows Bitcoin buyers and sellers to trade directly with each other without a third party. Instead of matching the orders, the platform will match the people behind the orders, allowing them to buy/sell bitcoins directly with each other using a huge number of payment options. The benefits include more flexibility in payments and increased security & privacy. Let’s now go through the step-by-step process to buy a fraction of a bitcoin from Shiftal - the world’s no. 1 P2P crypto exchange. Shiftal is a P2P crypto exchange that lets people trade bitcoin and ETH in 220 countries using over 70 payment methods. It uses the escrow service to protect the user transactions and funds. All transactions are directly between the users, and the platform will only intervene when there is a dispute during a trade. Also, the Shiftal Exchange allows you to buy bitcoin for as low as $1.

Step 1: Register

First of all, you’ll have to create an account on the Shiftal website. This gives you access to Shiftal’s highly secure P2P exchange along with a free Bitcoin wallet.

Step 2: Sign in and Trade

Once you have created your Shiftal account, you can sign in to the platform and start looking for offers that meet your criteria. Shiftal has no limit for the minimum or maximum amount of bitcoin you can buy on the platform. When you find the right offer, click on the “Buy” button to open the trade.