I suggest for those newbies for trading its better to start up by small amount of money in trading to avoid a early loss of money before starting to take the risk of your money.
OP just wanting to spend $1 only and I don't feel such amount to have a decent exchanges and make gains after. I may suggest to add some more or he/she make it into $5 at least. It is good enough to start with as a newbie and make a good play in crypto. Cause if we are started in very small amount of investment, it makes us bored cause we might only be focusing on a single coin and feel not making a nice play with.many people say that investing with you can afford to lose, even though it's simple, but it's very good for your trading plan.
use capital in accordance with your financial abilities, if you're still a newbie then using low amount first is not a problem..
It's a simple calculation, with 10 dollars you need to make at least 50% to have for fees and maybe from that 50% 20-30% is your profit. In dollars, you need to make at least 5 dollars, and to pay fees 2-3 dollars and than you can have your 2-3 dollars profit in your wallet. Fees depends from exchange.
With low amounts you are forced to risk more to make something. More money you invest, for example 100 dollars, making 10% (10 dollars) and paying couple dollars for fees you will have 7-8 dollars profit in your wallet. It's easier and safer to make 10% than 50%.
