Last Updated: 16 September 2023
Cryptocurrencies, and Bitcoin in particular, are currently causing quite a stir on the financial markets and in politics. In addition to Bitcoin, there are many other participants in the market, such as Etherum or Litecoin. Due to the Bitcoin’s currency instability, strong fluctuations in the price of a complete virtual coin are not uncommon. Currently (24.01.2021), one Bitcoin is available for around EUR 26,000.
When it comes to the minimum stake required to enter the world of virtual currencies, it is important to first understand the cryptocurrencies themselves a little better. Unlike currencies in the physical world, there is no smallest unit. For example, if you consider the euro as a currency, the smallest unit into which a euro can be divided is a cent. Other real currencies also follow the same pattern. A dollar from the United States can also be divided into one cent. For the British, the smallest unit of the pound is found as a penny.
Bitcoin Era minimum stake
The minimum stake for the software Bitcoin Era is just $250. With this software, they can trade automatically.
How to profit with Bitcoin Era?
Step 1: Click on the link to go to Bitcoin Era’s official website.
Step 2: Fill out the form to get a FREE licence to trade.
Step 3: Follow the instructions on the platform to start profiting with Bitcoin Circuit!
Try Bitcoin Era for free now.
Cryptocurrencies are not subject to any restrictions in this respect. Since they are purely virtual, they can be divided further and further in accordance with mathematical laws. It is therefore by no means necessary to directly buy an entire bitcoin worth several thousand euros. Rather, you can purchase any small unit at the current exchange rate. For example, in relation to the above price of EUR 26,000 for a whole Bitcoin, it is possible to buy 0.000385 Bitcoin for EUR 1. If the price of bitcoin is low, you can buy more units for your euro.
In addition, there may be further costs for the transaction and the custody of the cryptocurrency. As with the exchange of euros for dollars, the financial institution involved takes a share as an expense allowance for processing the exchange transaction. In the case of cryptocurrencies, it is usually not a conventional bank but an online platform that handles the transaction. The transaction fees can vary greatly. Some platforms charge a flat fee per transaction, while others take a percentage. In any case, it is important to make sure that the transaction fees and the amount exchanged are in reasonable proportion to each other. Otherwise you end up paying more fees than the currency is actually worth.
Another cost aspect is the storage of the currency. Bitcoin cannot (yet) be stored in a bank account or carried as cash in your wallet like a conventional currency. A so-called e-wallet is needed, for the provision of which costs may be incurred.
In summary, it can be said that there is no absolute minimum stake. This depends heavily on the platform used, but is theoretically possible even with the smallest amounts.