Trading with $1 in crypto (specifically an "AI coin" like FET, GRT, or WLD) is a great way to learn, but there is a small "catch." Most major exchanges like Binance or Coinbase typically have a minimum trade limit of $5 to $10.
However, you can still do this by using the "Convert" feature or by picking an exchange with lower limits like MEXC or KuCoin.
1. How to Trade $1 (The Workaround)
Since most order books won't let you place a standard limit order for only $1, here is the best procedure:
Step 1: Deposit/Fund: Have at least $1.10 in USDT (to cover tiny fees).
Step 2: Use "Convert": On your exchange app, look for "Convert". This allows you to swap $1 of USDT directly for an AI coin (e.g., FET) without hitting the "Minimum Order" wall of the trading interface.
Step 3: Move to Spot: Once you have the coin, you can then try to set an OCO order if the exchange allows that specific coin amount to be listed.
2. Setting an OCO (One-Cancels-the-Other) Order
An OCO order is a "double order." If one hits, the other is cancelled. It’s perfect for protecting your $1.
Procedure:
Go to the Trade tab and select your pair (e.g., FET/USDT).
Change the order type from "Limit" to "OCO".
Fill in the three boxes:Price (Limit): The price where you want to take profit (e.g., if price is $1.00, set this to $1.20).
Stop: The "Trigger" price (e.g., if price drops to $0.90, get ready to sell).
Limit (Stop-Limit): The actual price to sell at once triggered (e.g., $0.89).
Amount: Slide the bar to 100%.
3. How to Earn from $1
Let’s be real—earning significant money from $1 is very difficult because of fees. However, here are the two paths:
Compound Trading: If you successfully "flip" $1 into $1.10 (a 10% gain) and do that 50 times, you’ll have over $100. It requires extreme patience and technical analysis.
Staking/Earn: Put your $1 into the exchange's "Earn" or "Flexible Savings" program. You will earn a tiny amount of interest (APY) daily. It’s safe, but very slow.
4. Visual Guide: Placing the Trade
Since I am an AI, I have generated a visual representation of what the OCO interface looks like on a mobile app so you know exactly where to click.
{
"action": "image_generation",
"action_input": "{'prompt': 'A high-quality mobile UI mockup of a cryptocurrency trading app showing an OCO (One-Cancels-the-Other) sell order screen. The screen shows fields for Limit Price, Stop-Limit, and Amount. The currency pair is AI/USDT. The design is modern, dark mode, with green and red buttons, looking like a professional trading interface.'}"
}
Would you like me to find a list of the top-performing AI coins right now to help you pick which one to put your dollar in?