Cost


Kadie Sesay asked 5 months ago

I would like to know, how much(cash) do I need to start Bitcoin?

1 Answers
Steven Hay answered 5 months ago

Hi Kadie,
 
In my experience, zero. When I got into Bitcoin, I hit a few faucets (which are no longer it unless you have a lot of free time), entered a few competitions and took on some odd jobs. I was lucky enough to amass over 1 BTC in this way, with no real effort. Of course, that was years ago, when 1 BTC was worth very little.
 
However, who’s to say that if you don’t do similar, the coins you earn today won’t be worth a whole lot more in the future? For ideas on earning Bitcoin, check out our guide here:
 

How to Get Bitcoins – A Guide to Earning Bitcoins Fast and Free in 2018


 
That said, price is dipping lately so buying a little might be a good move. Note that you can buy fractional amounts of BTC – you can buy as little as $1 (or even less) worth of BTC if you like. In fact, I think it’s wise to only have as much invested in Bitcoin as you have knowledge of how Bitcoin works… As you gain in knowledge – particularly in terms of safe storage and scam avoidance – you can increase your holdings accordingly.

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