The price of one Bitcoin is above 5000$, and not every one may have that amount of money to invest. Even I such an amount is available ,most person will not want to risk it ,because they don’t understand the system behind digital currencies, and so cannot fully trust it with such an amount of money ,more so, the price of Bitcoin is very volatile and subject to extreme changes However ,irrespective of the amount of money you have ,you can owe some fraction of Bitcoin. You don’t have to buy one Bitcoin; you can own small fractions like 0.1 even up to eight decimal places that is 0.00000001 Bitcoins.
As a matter of fact, Bitcoin is divided into 100,000,000 units called Satoshi ( just like the US dollar is divided into 100 units called pennies or cents),this makes it easier when buying Bitcoin and encourages its use as an everyday currency hence it becomes cheaper to buy fractions of Bitcoin than a whole.
Where Can I find 100$ worth of Bitcoin to buy?
In 2013 it was almost impossible to find reliable sources to exchange Bitcoin for dollars, nevertheless with the increasing popularity of digital currency, it is now easier to buy Bitcoins conveniently .A simple way to buy is directly from someone willing to sell. Now you will have to look around on the internet for people in your locality that have Bitcoin, and are willing to exchange it for dollars websites like localbitcoins.com offers a platform where buyers and sellers within the same location can meet and exchange. Also note that this method involves more blind trust and risk as you will only rely on the person’s integrity, there is on the other hand a better and safer alternative which is buying directly from exchanges.
Much easier than scouting for persons willing to sell is buying directly from exchanges. Exchanges are websites that accept fiat currency in exchange for digital currencies. Depending on the exchange you choose, they are different procedures to buying Bitcoins. Some exchanges require that you sign up on their site while others grant access to the services without an account. Similarly the transaction fees differ .Above all, the requirements for using exchanges are the same, you will need a credit card /an account where the 100$ will be deducted, a Bitcoin wallet where your Bitcoin will be sent. The moment you complete the transaction, it may take anything from a few minutes to hours before your Bitcoins is sent to your wallet.
For the purpose of your own security, check user reviews and comments on any Bitcoin exchange before you use. The digital market is largely unregulated, and as a result they are many phishing websites that will be all too glad to collect your funds.
For the most part the value of Bitcoin will continue to rise, and your small initial investment will give you good returns, that notwithstanding, Bitcoin is very volatile and mostly unpredictable, therefore only invest what you can afford to lose and do so at your own risk.