Guys, sorry but I got a few very very noob questions on bitcoin and crypto currencies.
I'm totally new into this crypto things. So please bear with me for my noob questions.
Currently investing in stocks in bursa.
I'm interested in a few crypto like Doge, XRP, IoTa.
Just want to ask.
If for example buying a stock in bursa like public bank.
Let's say current price is RM4.
And if I buy 1,000 units of public bank it will cost me RM4,000
For example if I want to buy one XRP coin and the current price is USD1.60, does this means that one XRP coin is USD1.60?
Can I buy like just one XRP coin at 1.60?
Sorry guys for the really noob question.
Still new to crypto and trying to learn more here before I start trading.
You buy 1000 units @ RM4 will cost rm4000 + cost (broker fee). Broker fee deduct from your cash amount, so you have 1000 units value at RM4000.
You buy 1 XRP unit @ RM1.60 will cost rm1.6 + cost (exchange fee). But exchange fee do not deduct from your cash amount, it deduct from your purchase.
So if you buy 1 unit, you will only end up with 0.9975 unit (assuming you are maker, maker fee is 0.25%)