How does M1 Finance allow users to trade fractional shares of cryptocurrencies?
Nikhil singhJul 04, 2023 · 2 years ago3 answers
Can you explain how M1 Finance enables users to trade fractional shares of cryptocurrencies?
3 answers
- HippoOct 03, 2024 · a year agoM1 Finance allows users to trade fractional shares of cryptocurrencies by using a feature called 'M1 Pies'. With M1 Pies, users can create a customized portfolio of different cryptocurrencies and allocate a specific percentage of their investment to each cryptocurrency. This allows users to own a fraction of a whole cryptocurrency, making it easier to diversify their investment and manage risk. M1 Finance handles the fractional shares behind the scenes, so users don't need to worry about the technical details.
- selimDec 27, 2021 · 4 years agoSure! M1 Finance offers a unique feature that allows users to trade fractional shares of cryptocurrencies. This means that instead of buying a whole cryptocurrency, users can invest in a fraction of it. For example, if a user wants to invest $100 in Bitcoin but the price of one Bitcoin is $10,000, they can buy 0.01 Bitcoin. This feature makes it more accessible for users with limited funds to invest in cryptocurrencies and diversify their portfolio.
- DossiMay 07, 2025 · 4 months agoM1 Finance's fractional shares feature is a game-changer for cryptocurrency investors. It allows users to invest in cryptocurrencies without having to buy a whole coin. This is particularly beneficial for popular and expensive cryptocurrencies like Bitcoin, where the price per coin can be quite high. With M1 Finance, users can invest any amount they want, even if it's just a few dollars, and still participate in the cryptocurrency market.
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