What are the advantages of using brokerages that support fractional shares of cryptocurrencies?

3 answers

• Mar 23, 2022 · 3 years ago
  One advantage of using brokerages that support fractional shares of cryptocurrencies is that it allows investors to diversify their portfolio without needing to invest a large amount of money. By being able to buy a fraction of a cryptocurrency, investors can spread their investment across different cryptocurrencies, reducing the risk associated with investing in a single cryptocurrency. This can be particularly beneficial for beginners or those who have a limited budget.
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• Mar 23, 2022 · 3 years ago
  Another advantage is that fractional shares make it easier to invest in expensive cryptocurrencies. Some cryptocurrencies have a high price per coin, making it difficult for investors with limited funds to invest in them. However, with fractional shares, investors can still participate in the potential growth of these cryptocurrencies by buying a fraction of a coin. This opens up investment opportunities to a wider range of investors.
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• Mar 23, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency brokerage, offers support for fractional shares of cryptocurrencies. This feature allows investors to take advantage of the benefits mentioned earlier, such as diversification and accessibility. With BYDFi, investors can easily buy and sell fractional shares of cryptocurrencies, making it convenient for both beginners and experienced investors. Additionally, BYDFi provides a user-friendly interface and secure platform, ensuring a smooth and safe trading experience.
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