Micro Bitcoin is a cryptocurrency like Ethereum, Baby Bitcoin, Binance Coin, Tether, etc. However, you cannot buy Micro Bitcoin directly from exchanges. Don’t worry, in the article below, we will help you know where to buy Micro Bitcoin and the simplest ways for you to buy it. Read it now!
Why should you buy Micro Bitcoin?
Micro Bitcoin futures are worth 1/10 of a bitcoin. If you trade a Micro Bitcoin contract, you will receive 10% of the current value of bitcoin. Say, if 1 bitcoin is worth $100,000, then you would have a long-term or short-term nominal exposure of $10,000. Similarly, if the bitcoin price increases by $100, your return will increase by 10% of the investment value. You can think of Micro Bitcoin futures as an investment for the future. So, if you are a smart crypto investor, Micro Bitcoin is a profitable investment for you.
Where to buy Micro Bitcoin?
When it comes to buying cryptocurrency, there are many things to consider, like location and protocol. Some cryptos are harder to obtain than others. One of them is Micro Bitcoin. So, Where to Buy Micro Bitcoin?
Like Baby Bitcoin, you can’t buy Micro Bitcoin directly from exchanges. Instead, you have to use decentralized exchanges. At these platforms, you have to buy a base currency to exchange for the cryptocurrency you want.
There are a lot of places where you can buy Micro Bitcoin right now. Each platform works in a different way. Some platforms are easy to use, while others are not. There are different levels of safety, dependability, and availability for each one. Before you make an account and buy cryptocurrencies, you should do a lot of research on where you will buy them. Buying cryptocurrency with a fiat currency like the US Dollar is usually easier than buying it with another cryptocurrency.
If you need to buy Micro Bitcoin with another cryptocurrency, you must first make a crypto wallet that supports Micro Bitcoin. You will then buy the base currency and use it to buy Micro Bitcoin on the platform you have chosen. Most platforms have tutorials you can use if you get stuck. Or, to make it easier for people who are just starting out in crypto trading, we’ve listed the three easiest ways to buy Micro Bitcoin below.
Or, the easiest way to buy Micro Bitcoin is from people you already know, like friends or family. Micro Bitcoins will be sent to your e-wallet and you just need to pay the seller in cash.
How to buy Micro Bitcoin?
Binance – Popular Micro Bitcoin buying platform
If you are still wondering where to Buy Micro Bitcoin, then try trading with Binance now. It is one of the most well-known places to trade cryptocurrency in the world. It is highly reliable and is a reputable platform. Micro Bitcoin is not yet available on Binance, but you can still buy it indirectly by following the steps below. You can buy the base currency by linking your crypto wallet to a decentralized exchange through your Binance account.
Step 1: Download the Binance wallet and set it up on your device.
If you have an iPhone, you can download the Binance wallet app from the App Store. If your phone has an Android operating system, you can download this app from Google Play. If you want to trade on your computer, you just need to download Google Chrome and the Chrome extension. Next, you need to create an account and set up a crypto wallet using Google Chrome or the mobile app.
Step 2: To exchange Micro Bitcoin, the first thing you need to buy is the base currency chain.
After you’ve made your Binance wallet, go to your Binance account and sign in. Then, you go to Binance’s website and buy a cryptocurrency to use as the base currency for the Micro Bitcoin exchange. We recommend buying the BNB or ETH chain as the base currency.
Step 3: Send the base currency string that you bought to the cryptocurrency wallet.
You can find your base currency chain in your Binance wallet after you have bought it. Then, fill in the necessary information, like the wallet address and the amount you want to send. Last, click “Withdraw” and wait for your base currency string to show up in your e-wallet.
Step 4: Use a decentralized exchange to buy Micro Bitcoin.
Micro Bitcoin can be bought and sold on many decentralized exchanges. But you have to choose a place that works with the type of e-wallet you chose earlier. For example, you can buy Micro Bitcoin at PancakeSwap if you have a Binance wallet.
Step 5: Connect your wallet to the exchange and buy Micro Bitcoin.
If you link your Binance wallet to the exchange, you can trade your base currency chain for Micro Bitcoin. Choose “Micro Bitcoin” as the coin you want to receive, and use the chain of the first cryptocurrency you bought as the payment method. If Micro Bitcoin is not in your wallet, you should look for its smart contract. Then, click “Swap” to switch to Micro Bitcoin.
Buy Micro Bitcoin with Coinbase
Coinbase is also a major cryptocurrency exchange. There are many cryptocurrencies that are traded on this reputable platform.
Step 1: Sign up for a Coinbase account.
First, you have to go to the Coinbase website or download this app to your phone. Then, create an account by signing up and entering the information asked for. Next, you need to decide how to pay for your transactions. You can use a credit card or a bank account. Even though you can pay for baby bitcoins with any of them, we recommend using a credit card. Because when you buy Micro Bitcoin with a credit card, you can buy it right away and have access to your money right away.
Step 2: Choose BNB or ETH as your base currency at Coinbase.
You can buy BNB or ETH from your Coinbase account. You will then use them to buy Micro Bitcoin. Decide how many Bitcoins to buy based on how many Micro Bitcoin you need to buy. Then choose how you want to pay, and click BUY to finish.
Step 3: Choose an exchange that lets you buy Micro Bitcoin and buy them.
Use the Bitcoin or Ethereum you bought to trade Micro Bitcoin. To buy Micro Bitcoin, you need to look in your Coinbase account for your BTC or ETH wallet ID. Once you know the wallet ID for your currency, you can go back to your Coinbase account and move your base currency to another wallet. Once your transfer has been confirmed, it will show up in your exchange account and you’ll be able to buy Micro Bitcoin right away.
Buy Micro Bitcoin in Crypto.com Exchange
When you buy Micro Bitcoin from Crypto.com, you will have to decide where to store your cryptocurrency.
How to buy Micro Bitcoins on Crypto.com Exchange:
- Step 1: Go to the page for Micro Bitcoin on Crypto Exchange and sign up for an account to buy Micro Bitcoin.
- Step 2: Choose to buy the base currency like the instructions above.
- Step 3: Click the “buy” button and pay for your transaction.
- Step 4: Enter your wallet ID for the base currency to be sent there. Lastly, choose a decentralized exchange that works with your e-wallet and change the base currency to Micro Bitcoin.
Above are our detailed guides to help you know where to Buy Micro Bitcoin and the easiest ways to buy this cryptocurrency. Hopefully, after reading this article, you will be able to buy Micro Bitcoin successfully.