If you’re curious about investing in cryptocurrencies and want to dip your toes in the increasingly omnipresent universe while limiting your risks, you’re in luck. A slew of apps let you invest as little as $1.
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 “the Venmo way.”
“Your first crypto purchase doesn’t have to be huge. You can even use payback from yesterday’s coffee run to buy it.”
“Buy Bitcoin, Ethereum, Litecoin or Bitcoin Cash and watch how its value changes,” the app says on its website, adding that “crypto is volatile, so it can rise and fall in value quickly. Like all currencies, there’s potential for gains and losses — so be sure to take it at a pace you’re comfortable with.”
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.
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.
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