How can we start with $10 in CRYPTO MARKET?

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

If I hope I'm not misunderstanding, do you mean "How can we start with $10 in crypto investment?" because if that's the question you meant, then I will say that exchanges are the best platforms to start with such low investment capital like "Binance, Luno, Remitano & Coinbase" which accepts direct deposit of fiat, and then that fiat currency can be swap into any coin of your choice (e.g BTC, ETH, USDT & XRP). Because right now, I uses "Remitano"and it has been a wonderful 3yrs experience using that exchange to sell my Bitcoin into fiats in less than 5 minutes. So you can equally go check out if it's available in your country.

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

You can buy bitcoin fractions with that amount of funds and then hold them, maybe the amount of capital you currently have is very small if we invest in bitcoins, but you can make continuous purchases with $ 10 at any time if you later have funds, for example by setting aside a few % from your payday money to make purchases of bitcoin either every week or every month like saving, actually investing with bitcoin is very simple because we can start with any amount of capital we have.

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Quote from: michellee on April 03, 2023, 07:44:01 AM

Or you can use that $10 to trade while you learn more about trading to grow better and be ready to use bigger money.

But if that $10 is an amount you can risk investing in crypto, that's fine too. The important thing is that you can do it regularly through the DCA method every week or month.

That type of amount in investment in cryptocurrency can only get some shit project and if he is lucky to trade it during the pump then he can begin to DCA but not necessarily weekly or monthly, it depends on what price convenient for him to invest. However to invest $10 in bitcoin is still insufficient to expect anything good because greed can get you to trade away even $100 start up.

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Quote from: Salahmu on April 02, 2023, 05:04:11 PM

There is no fixed amount to start with, even $5 and above, it just depends on you how much you wish to trade on, but to make more profit you will need big capital to trade Bitcoin

Well, it's not entirely correct because some exchanges (assuming that's where OP will buy the Bitcoin and let's assume that OP will buy BTC) where there are minimum amount like $5 or $10 (most common minimum amount) but some are much lower than $5. With that amount, I don't think that the profit will be decent though because of that reason however if OP only wanted to BUY crypto and didn't use it for trading then it won't be a problem and I agree with other forums members who posted here that savings crypro little by little untill you have enough to start what you want is good when you are having a financial problem especially people that are from a country where many people are struggling with poverty.

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

You can start with $10. But you have to find a place to start investing in crypto and once you find one, you can immediately buy it and store it elsewhere.

Or you can use that $10 to trade while you learn more about trading to grow better and be ready to use bigger money.

But if that $10 is an amount you can risk investing in crypto, that's fine too. The important thing is that you can do it regularly through the DCA method every week or month.

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

If you talk about investing in crypto, sorry as you can only get shitcoins. And if you talk about trading, the same thing you will get, and besides, $10 is not an acceptable amount.

Whatever you think whether it was for trading or investing, I suggest for you at least have $100 as capital to enjoy with. Don't push yourselves if you can't afford to have that now. Start saving and until you get the applicable amount, don't hurry instead, study the market first while doing this. There is a demo account that would help you.

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The first thing is not the amount but to learn about this volatile market and then choose what coins have potential growth chance that could give you profit in short or long run.You can invest $10 also but suppose you choose ETH like coin it would charge you high fees that you won't be able to trade so some low market cap coins but they will not give you return.So first learn about market instead of asking direct advice where to start will help you more.

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

$10 is quite small for investment as there is a higher fee. You can only make your money to $20 if the price gets double and might be difficult to happen in just a week. So if you're looking for alternative ways to preserve or make it double in a short period of time, I recommend this two ways of earning in crypto space:

PERPETUAL TRADING - it's a way of trading that you can be able to use leverage to earn much money with a small movement in a markets price, so $20 in a days is possible. This is not recommendable for beginners especially to those who don't have enough knowledge in trading. Learning what is cross mode and isolated mode is a must.

P2P TRADING - is a way of buying and selling cryptocurrency directly to a user without intermediaries so we expect the fee is very low. Though it's hard to trust if the other party would send the payment, crypto exchanges uses escrow to avoid this scenario. You earning is might be small, but as long as you know how it works your capital will be safe.

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Check the exchanges on how much minimum deposit they allow but even with that, deposit only to the exchanges that's known and has a got a good reviews from the community.

These are the exchanges on this top list of coinmarketcap: https://coinmarketcap.com/rankings/exchanges/

And as you try to trade with $10, that's a good start to learn a lot of lessons from your trade because that might just be one trade away and you'll not be able to trade back after exchanging that with another altcoin.

Because in one exchange that I know, Binance, the minimum trade there is $10 and with some fees you pay, that $10 will be lessen eventually and you won't be able to trade with your 2nd trade because the value of your purchased coin might not be $10 anymore.

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

Investing with a small fraction of Bitcoin but not in trading.
If that $10 is the amount that you can afford, there's no problem, you can continue purchasing with a DCA way, just like $10 for now, and the other week when there's a price correction you will invest again in $10 until it will become a large amount.

That's why a fraction is purchasing Bitcoin, but be careful in purchasing and always read the terms on the exchange platform that you will use.
Because there's a minimum required before you can withdraw your Bitcoin.

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

10$ is small to start but still can able to be multiplied if you are eager to learn more knowledge and skills then trade it. Although it takes time before this to multiply or even you can lose it for bad decision on trade but you need to think that this is good start to get some experience about trading using real time money. But if you can afford to lose that amount better try to do more efforts to learn about more skills in trading so that yoh can get minimal loses once you start to place your money on real time trades.

Salahmu

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There is no fixed amount to start with, even $5 and above, it just depends on you how much you wish to trade on, but to make more profit you will need big capital to trade Bitcoin

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Just save more money before you start on crypto market. There is a reason why you should save more rather than starting with $10 capital which is a fee you need to pay for each transaction. If you have more funds for your capital then you don't have to worry about the fee and maximize your profit as much as possible depends on your funds. Well, if you only want to buy with your $10 and later on then that's okay or as what crwth said.

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For $10 as your capital and starting in the crypto market, it's shallow for trading with fees. You are already going to get eaten by it. You are better off gambling it for a high-risk high, reward thing, but I don't want you to do that if that's just what you have.^{Definitely not advising you to gamble, I'm just stating what you can do with $10.} Unless that $10 is in a frequency like weekly or something, that's a great way to invest in a coin continuously.

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Quote from: Lucius on April 02, 2023, 09:49:47 AM

The whole premise of my advice was that if the OP plans to invest $10 as a one time capital, they should barely expect any profit on it no matter how high Bitcoin goes, but to show that they can get Bitcoin exposure with as little an amount as possible. You're not limited to buying whole bitcoins but can purchase tiny fractions.

I was actually referring to a P2P, decentralized exchange when I talked on securing in your wallet, in which case the bitcoins would have been directly transferred there by the seller, but thinking about it now, the transaction would still be too expensive for such a small amount of USD.

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Quote from: Upgrade00 on April 02, 2023, 06:33:52 AM

~snip~
• Trade there and secure your sats in your wallet,
• Repeat the process when you get another $10.

Such a mission with only $10 is not only difficult to do, but in most cases it will be completely unprofitable due to the service/withdrawal fee that most CEX charge. If the OP decides to buy Bitcoin or some alternative, then it would be better for him not to make a separate withdrawal, but to do so after accumulating a slightly larger amount of coins.

Of course, there is always a risk of keeping cryptocurrencies in a custodial wallet, but on the other hand, it is simply completely unprofitable to withdraw such small amounts.

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Quote from: gurujangid on April 02, 2023, 04:41:37 AM

How can we start with $10 in CRYPTO MARKET?

Starting with $10 in the cryptocurrency market is definitely possible, but I would still recommend starting with a little more to give yourself more flexibility and options. It's always good to have a little more capital to work with. In my opinion, you would be better off concentrating on increasing your capital. $10 may not get you very far, but if you can save up a little more, you can potentially invest in a wider range of cryptocurrencies. Just remember to do your research, invest wisely, and be prepared for the risks involved.

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In fact, do you know that you can start your crypto journey without any money, with 0$ ?
Look under economy/marketplace/services and if you have some knowledge or skills in programming, if you know how to make a logo or can help with translation into other languages, then you can already start earning your first bitcoin without any investment of money, just based on your work.
As for trading, $10 is too small to start with, and besides, crypto trading is really not for everyone because you need to know how to analyze the crypto market, predict trends...
Many have tried to trade in the crypto market, but not all of them succeeded, so I advise you not to rush until you learn all the necessary trading skills, and until you determine your specific investment goals and have a clear exit strategy.

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Steps to start;

• Set up a wallet (for free),
• Create a back up,
• Find an exchange that allows a minimum investment lower than $10,
• Trade there and secure your sats in your wallet,
• Repeat the process when you get another $10.

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In terms of investment in cryptocurrency, there's no specific amount you need, you don't need to have 1 BTC, 1 ETC or other coins that must need to have at least a high value immediately, just you can afford to make an invest go for it you can learn a lot with that 10 dollars investment, in my experience, i start in crypto with the 20$ only in my pocket and trying to risk that time I make an investment with the XRP and that's the lowest point of the bitcoin with the price of 3k USD and i grab the opportunity to buy every time i have an income i bought different coins the time when the bull run comes i sell and make a profit with the different projects, now ill do the same thing to earn again just don't hesitate.

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