investing in bitcoin

Can You Invest in Cryptocurrency if You’re on a Low Income?

Being on a $20.000 a year income (or lower) shouldn’t deter you from investing in digital coins. 

I know that investing in cryptocurrency is a daunting task, especially for those of you who work a lot and have no free time to learn about it. Those who are also struggling to pay bills will think that cryptocurrency investment is probably not for them.

But I believe the best time to start investing your money (and grow it) is when you have very little, to begin with.

Here’s how to start investing in digital coins if you’re strapped for cash or worried about spending too much on a volatile investment:

Put 10 dollars/euros aside for your cryptocurrency investment

Everyone has 10 dollars/ euros to spare each week or month. If you can’t find ten bucks in your budget, I bet you’re spending too much money on going out or eating junk food. Consider sparing ten bucks to start your journey in the crypto investment and you could be taking the first step toward your financial independence. Your future self will thank you for it.

Use the Relai app

At the moment, there is only one app that allows you to buy crypto with as little as 10 euros. This app is called Relai and the developers are based in Switzerland.

The app is easy to use. You just need to sign up for an account, decide how often you’d like to buy crypto (weekly, monthly, etc) and input information about your bank account. For more information on how exactly you can invest in cryptocurrency using Relai, check out this article.

The only downside to this app is that it only allows you to buy Bitcoin.


The idea that you need money to make money is a little old. This belief may not reflect the reality of cryptocurrency investment. Sure, if you invest $1000 a month in Bitcoin and hold the coin in your wallet for over a year, you may start to see that your investment efforts pay off.

However, you can also spend just ten bucks a week to achieve the same result.

Dollar-cost averaging is an investment strategy where you buy a fixed dollar/euro amount of an asset (crypto) regularly to grow your investment over time. This is the investment method we’ll be using when buying 10 dollars/euros worth of crypto with Relai.

The advantages of dollar-cost averaging are:

-it allows beginner investors with small capital to start investing as well;

-investors will grow their wealth this way;

-it decreases market volatility; investors will buy cryptocurrencies at an average price during their investment period.

This type of investment strategy works. According to data from if you put 10 euros into Bitcoin over 3 years, you’ll get back 11.600 euros. You can’t find this amount of money on the streets, can you?

And if you’re worried about Bitcoin’s volatility, don’t. Bitcoin is still the most powerful and reliable crypto to invest in. Thus, spending as little as 10 euros a week on them will lead to a sizeable return in the future.

If you’re still afraid of throwing money at cryptocurrencies, tell yourself that not investing at all will guarantee you’ll have zero money in your account. You cannot win if you don’t play.

Author’s Bio

Marlena is a freelance writer and technology enthusiast with an interest in business, health and cryptocurrencies. She has written for Thrive Global, Life Hack and other publications. You can say ‘hi’ to her on Twitter at @MarlenaEeva.

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