If youāre curious about investing in cryptocurrencies and want to dip your toes in the increasingly omnipresent universe while limiting your risks, youāre in luck. A slew of apps let you invest as little as $1.
See: 4 Best Places To Buy and Sell Cryptocurrency
Find: Cryptocurrency Jargon: A Guide for the Crypto-Curious
Venmo is one of the newest apps which gives you that option. The peer-to-peer app, owned by PayPal, announced recently that you could start exploring crypto āthe Venmo way.ā
āYour first crypto purchase doesnāt have to be huge. You can even use payback from yesterdayās coffee run to buy it.ā
āBuy Bitcoin, Ethereum, Litecoin or Bitcoin Cash and watch how its value changes,ā the app says on its website, adding that ācrypto is volatile, so it can rise and fall in value quickly. Like all currencies, thereās potential for gains and losses ā so be sure to take it at a pace youāre comfortable with.ā
You can buy crypto using a debit card, Venmo account or bank account. There is a limited $20,000 in cryptocurrency purchases per week and a $50,000 in crypto purchases in a 12-month period.
See: 10 Cheap Cryptocurrencies To Check Out
Find: How Does Cryptocurrency Work ā and Is It Safe?
Another app that let you invest as little as $1 is WeBull. This platform enables users to trade Bitcoin, Dogecoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, ZEC and XLM.
Upping up the stakes, you will need a $2 minimum using Coinbase, a $10 minimum if you opt to use Binance, and a $25 minimum for eToro.
More From GOBankingRates
-
GOBankingRates' Best Banks of 2022: Live Richer by Banking Better
-
Bank Accounts That Will Help Supplement and Grow Your Social Security
-
Easy Things You Can Do To Start Preparing for Retirement Now
This article originally appeared on GOBankingRates.com: Ready To Invest In Cryptocurrency? Get Started With Just $1