The question a beginner most often asks about #BStocks is this: how much money do you need to start? The answer is unusual. Less than the price of one share.
bStocks are bought in fractions, and the minimum order in the trading parameters is 5 USDT. That is enough to buy a part of a share, the full value of which on the exchange may cost hundreds of dollars.
This is not theory, but how the product is actually used. In eight out of ten bStocks, more than half of the trades are smaller than one share. For Tesla, 99.65% of trades are fractional, and they account for 88.5% of the total trading value for this ticker.
So the typical buyer here does not buy a share. They buy a piece.
But a small amount has a downside if you buy at market. The platform fee on a small order is fixed and does not depend on the size of the trade. On a $15 trade, it matters noticeably; on a $300 trade, almost not at all.
You can avoid this for free right now. Until the end of September, the maker fee on bStocks is zero. A maker is a limit order that sits in the order book and waits for its price instead of taking it from the market immediately.
So a small regular purchase with limit orders currently costs nothing, while the same purchase at market does cost something. The only difference is patience.
bStocks are bought in fractions, and the minimum order in the trading parameters is 5 USDT. That is enough to buy a part of a share, the full value of which on the exchange may cost hundreds of dollars.
This is not theory, but how the product is actually used. In eight out of ten bStocks, more than half of the trades are smaller than one share. For Tesla, 99.65% of trades are fractional, and they account for 88.5% of the total trading value for this ticker.
So the typical buyer here does not buy a share. They buy a piece.
But a small amount has a downside if you buy at market. The platform fee on a small order is fixed and does not depend on the size of the trade. On a $15 trade, it matters noticeably; on a $300 trade, almost not at all.
You can avoid this for free right now. Until the end of September, the maker fee on bStocks is zero. A maker is a limit order that sits in the order book and waits for its price instead of taking it from the market immediately.
So a small regular purchase with limit orders currently costs nothing, while the same purchase at market does cost something. The only difference is patience.
