A common misconception people have when it comes to cryptocurrencies is that they have to buy one entire coin. But this isn’t true. The beautiful thing about cryptocurrencies is that you can buy them in fractions (because they are purely digital). You don’t need a lot of money to get started with crypto.
In a traditional stock market, you can only buy an entire share. For example, you can buy 1 share of Amazon, but not half a share of Amazon if you wish. This prevents some people from investing in Amazon because they can’t pay $3,000+ USD for 1 Amazon share (price as of Nov 2020).
Some people are turned away from crypto and bitcoin (BTC), specifically, because they look at the price of 1 bitcoin ($20,000 CAD as of Nov 2020) and think “I can’t afford that!” But that isn’t true, because you can buy a fraction of bitcoin.
This divisibility allows for micro-transactions and for people to start out small, like investing $10. That’s because you can buy fractions of cryptocurrencies. Most exchanges and platforms will let you specify the amount you wish to spend (in Canadian Dollars for example) and will sell you the equivalent amount in crypto.