You don't need to buy 1 Bitcoin: this is how crypto fractions work

Strategy attracts new investment from CalSTRS, the California Teachers' Retirement System

Fractional cryptocurrency shares allow small investors to buy a portion of a cryptocurrency. This is the equivalent of, for example,, the 100 cents into which a dollar is divided or one euro. The current price of Bitcoin (BTC) is around $80.000, so buying one isn't affordable for everyone.

Next in price is Ethereum (ETH) at around $1900, which, while much less than 1 BTC, Not all small investors can buy a complete unitThis is why there are fractions of each cryptocurrency that allow everyone to own a part of a unit of a given cryptocurrency.

So instead of having to acquire a whole coin, we can buy parts of it according to our budget for investing in digital assetsThis is, after all, the raison d'être of Decentralized Finance or DeFi, which has a high value but can be affordable for those who find it difficult to purchase a complete one.

PREPARE YOUR WALLET

Important terms and operation

If you want to buy cryptocurrency, it's important to understand some important terms, their value, and how they work:

Fractions of Bitcoin (BTC):

  • Bitcoin (BTC): is the complete cryptocurrency or main unit.
  • Milibitcoin (mBTC): It is a fraction equal to one thousandth of a Bitcoin. That is, one BTC has one thousand mBTC or 0.001 BTC.
  • Microbitcoin (μBTC or bits): It is a fraction equal to one millionth of a Bitcoin. This means that in 1 BTC there are one million μBTC, which is expressed as 0.000001 BTC.
  • Satoshi: It's a fraction of Bitcoin equal to one hundred millionth of a Bitcoin, meaning that 1 BTC contains 100 million Satoshis. It's expressed this way and is named after the anonymous creator of Bitcoin, Satoshi Nakamoto.

Fractions of Ethereum (ETH):

Fractions of 1 ETH are called

  • Wei: It is the small fraction of Ethereum, it is equivalent to a quintillion ETH and in one unit there are 1.000.000.000.000.000.000 wei.
  • Gwei: is another fraction of ETH and is equivalent to 1.000.000.000 wei.

Other denominations

Not all cryptocurrencies have defined names for their fractions. Let's look at the names of the most important ones:

  • Solana fractions (SOL) They are the Lamports and in 1 SOL there are 1.000.000.000 Lamports.
  • Cardano (ADA) Fractions They are called Lovelaces and 1 ADA is 1000 Lovelaces.
  • Litecoin Fractions They are called Litoshis and in one unit of this crypto there are 100.000.000 Litoshis.
  • Dogecoin (DOGE) fractions They are called Shibes and are equivalent to 0.001 DOGE.
  • Shiba Inu Fractions (SHIBA) They are the Shitoshi that emulate the name of the BTC Satoshis and are equivalent to 100.000.000 Shitoshis for each SHIBA.

How to buy fractions of cryptocurrency?

Buying fractions of cryptocurrencies is very simple. The existing technology and platforms for this purpose make the whole process something without complications that we can complete in minutes. Follow these steps.

  1. Choose a reliable and established exchange platform in the market

This is the first step. You must open an account (if you don't have one) on a reputable and authoritative cryptocurrency exchange. There are several solid ones that allow fractional purchases. 

The most trusted platforms require identity verification or KYC verification. To do this, you must provide documents and photos that prove you're the one opening the account. This provides an additional layer of security against hacking or identity theft attempts.

  1. Set up your digital wallet

All exchanges have their own integrated digital walletsHowever, you can opt for an external wallet that offers greater data encryption. Among the most notable in terms of transaction security are the following: Exodus, Electrum, Atomic, MetaMask and MyEtherWallet, among others.

  1. Transfer funds to your exchange account

You must choose the mechanism for deposit fiat money to your wallet to be able to buy fractions of BTC, ETH, SOL, ADA, DOGE or other cryptocurrencies. You can use bank transfer, credit card, or other electronic methods like PayPal, Skrill, Apple Pay, or Google Pay.

  1. Select the cryptocurrency you want to buy

There are more than 20 thousand different crypto assets And almost all of them offer fractional amounts. Explore the options available on the exchange where you opened your account and select what you want to buy.

  1. Indicate the crypto fraction or the amount in fiat or fiduciary money you wish to invest

You must stipulate the amount of money in your currency that you will allocate to buy one or more fractions specific to the cryptocurrency you have previously selected.

  1. Confirm your purchase

This is the last step to complete your purchase. Depending on the platform, you will have to corroborate the transaction before confirming it. After this, you must ensure that the cryptocurrency or fraction thereof is reflected in your wallet.

These 6 steps They won't take you more than a few Few minutes If you use credit cards or platforms like PayPal, Skrill, Apple Pay or Google Pay. If it's a bank transfer, it may take a little longer depending on the exchange and the chosen bank.

INVITE AND WIN

Take care of your investment

When you become a cryptocurrency investor You should be attentive to the news on this topicIt's not just about buying the asset, but about educating yourself and learning about the blockchain ecosystem and the advantages it offers.

Likewise, you have to take care of your investment Knowing the market and the cryptocurrencies you own. While these are volatile assets, you can get a lot out of your investment if you stay up to date.