Can You Buy Bitcoin for ₹100?

 Yes, buying Bitcoin for ₹100 is entirely possible. Bitcoin is divisible into smaller units called satoshis, with one Bitcoin comprising 100 million satoshis. This divisibility enables investors to purchase fractions of Bitcoin rather than a full coin, making it accessible to individuals with smaller budgets.

Step 1: Choose a Reliable Exchange

Sign up on an Indian cryptocurrency exchange that supports fractional Bitcoin purchases. Ensure the platform is secure and regulated.

Step 2: Complete KYC Verification

To comply with Indian regulations, exchanges require users to verify their identity through a Know Your Customer (KYC) process. This step involves submitting government-issued identification and address proof.

Step 3: Deposit Funds

Transfer ₹100 to your exchange account using UPI, net banking, or any other supported payment method.

Step 4: Buy Bitcoin

Navigate to the Bitcoin section of the exchange and place an order for ₹100. The platform will calculate the corresponding amount of Bitcoin (satoshis) based on the current market rate.

Step 5: Secure Your Bitcoin

Store your Bitcoin in a secure wallet. You can choose between a hot wallet (connected to the internet) for easy access or a cold wallet (offline) for enhanced security.

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Things to Keep in Mind

1. Transaction Fees: Exchanges charge small transaction fees, which may reduce the amount of Bitcoin you receive.

2. Volatility: Bitcoin prices fluctuate frequently, so the value of your ₹100 investment may vary.

3. Invest Wisely: Only invest what you can afford to lose, as cryptocurrency markets are highly volatile.

By starting small, you can gradually learn about cryptocurrency trading while minimizing risk. Fractional Bitcoin ownership ensures that even micro-investors can participate in the crypto ecosystem.