Best Cheap Crypto to Buy

Over the years, many cryptocurrencies have started off with cheap prices, even sub-one cent, and came up so far in price that nowadays they could even cost too much for a general working individual to afford a single coin from them, which is why many people are looking for the best cheap coins to invest in.

Just to give you an idea, if you invested in Bitcoin in its first month in 2010, it would’ve cost you around $0.0008 US dollars per coin, which is less than a tenth of a cent. Fast forward 10 years, and a single bitcoin is now worth almost $50,000 USD, which means anyone who would have held 10 dollars or more worth of Bitcoin from then till now, would be a millionaire today. Picking the best cheap cryptos to buy can be like holding a winning lottery ticket.

If you’re looking to find the best cheap crypto to buy in 2022, look no further, as we’ve made a list of the 7 most promising cheap cryptocurrencies to buy, so that whoever is new to the crypto industry can jump right in.

7 Best Cheap Cryptocurrencies – Top List

Best Cheap Crypto to buy in May 2022 – Price Analysis

Many of the best cheap cryptos to buy right now have been listed at FCA regulated crypto platform eToro. That’s the best place to buy cheap cryptos as well as the big caps like Bitcoin and Ethereum.

See our full guide on how to buy cryptocurrency if you’re new to using online exchange platforms.

1. Lucky Block (LBLOCK)

With the use of smart contracts and blockchain, Lucky Block hopes to make the gaming industry more credible and less reliant on municipal authorities, making it a fairer and more secure experience. As one of the most exciting new DeFi currencies, LBLOCK, is now buzzing on Reddit.

Its goal statement is to create a crypto gaming and competitions platform “run by the public,” thus buyers of LBLOCK basically possess a stake in this potential DeFi project. The Lucky Block Telegram channel presently has 42,000+ members, so the project’s future course may be decided by its participants. As a bonus, they get a share of the grand prize pool redistributed to them.

Overall best cheap crypto to buy – LBLOCK

A long-term return on investment (ROI) is provided by investing in DeFi projects early on. Since its most recent introduction on January 26th, 2022, and its subsequent bullish uptrend, LBLOCK has topped our rating as the best cheap crypto with decentralized applications to purchase.

With a 60x rise in one month then a correction, it’s now one of the best cheap cryptos to buy in 2022, up from its presale price of $0.00019. In March 2022, the price is expected to enter a period of sideways consolidation, with the first prize draw and the minting of NFTs taking place.

To put it another way, LBLOCK might become the next moonshot if those events and future crypto exchange listings come to pass. A completely diluted market valuation of about $500 million means that LBLOCK still has space to expand if it can capture any of the worldwide gambling industry’s hundreds of billions in market share, according to Yahoo Finance.

Buy LBLOCK

Your capital is at risk.

2. Dogecoin (DOGE)

Dogecoin was founded in late 2013 by software programmers Billy Marcus and Jackson Palmer. For his cryptocurrency’s design, Palmer used a meme that depicted Shiba Inu dogs being described by the misspelling term “doge,” which was popular at the time.

Cryptocurrency “poking fun” at Dogecoin, the CEO of Bitwave stated. Dogecoin’s early supporters organized marketing stunts, such as raising money to send the Jamaican Bobsleigh squad to the 2014 Olympics or sponsoring a NASCAR driver, to boost awareness of Dogecoin.

Early in the year of 2021, the Dogecoin cult was established on Reddit’s WallStreetBets chat forum, which was instrumental in the GameStop saga in January (only until the subreddit had completely prohibited any talk about crypto).

Today, Dogecoin is not a joke, having soared in value and gained more than 5,000 percent in the year 2021 alone. Tesla CEO Elon Musk, who calls Dogecoin his favorite cryptocurrency, is one of its biggest proponents. Musk also referred to Dogecoin as the “people’s crypto” and pledged to install an actual Dogecoin token on the moon.

Buy DOGE

Your capital is at risk.

3. Shiba Inu (SHIB)

Since its inception in August 2020, Shiba Inu (SHIB-USD) has amassed a community of over 714,000 supporters on Ethereum. It has a market value of $10 billion, making it the 20th most valuable cryptocurrency on the planet.

Cryptocurrency investors prefer to avoid emerging altcoins like SHIB and concentrate instead on more established cryptocurrencies like Bitcoin (BTC-USD), Ethereum (ETH-USD), and Cardano (ADA-USD) (ADA-USD).

When it comes to older, more established cryptos, you won’t be able to get a large return on your investment. Shiba Inu is an excellent illustration of how quickly younger cryptocurrencies may skyrocket.

A look at the Shiba Inu’s history and numerous reasons why investors may want to own SHIB tokens in the long term are covered in this article. As usual, I’ll bring out a slew of important danger variables that might have an impact on pricing.

Buy SHIB

Your capital is at risk.

4. BitTorrent (BTT)

BitTorrent is a peer-to-peer (P2P) protocol designed by Bram Cohen in 2001 for the sharing of big files over the Internet. Video games, TV shows, videos, programs, papers, and more may all be transferred across devices. Torrent Classic is the name of the project client. There are more than 150 million people worldwide that utilize Torrent to download files (170 million at its peak).

In order to encourage users of a torrent tracker to do helpful acts and service transactions, BTT was designed as a cryptocurrency. TRC-10, the cryptographic token built on top of the Tron blockchain, serves as the foundation for BTT’s debut (like the ERC-20 token on the Ethereum blockchain network).

In the TRON (TRX) blockchain, content may be exchanged and monetized. Files (movies, programs) as well as online games may be included in a single piece of content (swords, pets, in-game currency). For example, transactions with a value of 10 cents may be lucrative thanks to TRON’s blockchain, which enables for rapid and low-cost value exchange.

5. Holo (HOT)

Between the decentralized Holochain applications and the present centralized web, Holo serves as a conduit. Distributed apps may now be accessed via the conventional web browser thanks to Holo, which creates an ecosystem and a currency for peer-provided hosting services.

Using Holo, anybody can convert their computer into a source of income by hosting distributed apps and receiving payment in HoloFuel. There are spare storage and processing resources in the Holo software that are used to deliver hApps on the old web. Hosts decide which hApps to service, how much to charge for hosting, and how to prioritize their workload.

Holo is our flagship app on Holochain, and its goal is to make hApps more widely available to the general public. These individuals may not be ready to install and play with Holochain since they are unfamiliar with distributed web apps. But users will be able to access hApps in the same manner they do now by simply inputting or clicking on a URL in their favorite web browser.

Holochain, a next-generation framework that is enormously scalable, tenfold quicker, significantly more energy efficient, and 10,000 times cheaper than blockchain, is used to power Holo.

Buy HOT

Your capital is at risk.

6. AMP (AMP)

Even if you’ve never invested in cryptocurrencies before, the amp token may pique your interest as a potentially lucrative investment option. Amp’s worth more than doubled in its first year on the market after its release in September 2020. In spite of the fact that the price has dropped 75% from its peak in June 2021, the coin is still worth nearly twice as much as it was when it was first released, trading at around $0.025 in March.

According to the Amp website, the digital collateral token Amp may protect any form of asset users desire to transfer, including as digital payments, fiat currencies, loan distributions and revenues from property sales. Staking is used to ensure the validity of transactions. Once the transaction has been validated, the money is released to the receiving party via smart contracts. Amp’s open-source nature means that developers may design their own applications that utilize amp to protect transactions.

Flexa, an open-source digital payment processing network, was also built by Amp’s parent firm. In addition to digital dollars from the United States and Canada, Flexa also supports a variety of loyalty tokens and other digital currencies. Flexa’s token, Amp, is the most popular.

Buy AMP

Your capital is at risk.

7. IOST (IOST)

The blockchain network IOST is very scalable and employs its own consensus mechanism, proof-of-believability, according to its inventors. At rates of up to a few thousand transactions per second, decentralized applications may be executed on the IOST blockchain platform.

IOST uses database partitioning technology called Shards to do this. It is the mission of IOST’s developers to provide the most secure and scalable platform for online services in a decentralized ecosystem.

The Internet-of-Service (IOS) plus the term token make up the acronym IOST. Service providers and blockchain developers searching for a quick and dependable infrastructure may benefit from the platform’s capabilities. According to reports, IOST will be quicker than the well-known blockchains of Bitcoin and Ethereum, with a transaction rate of up to 100,000 per second. Only 8,000 transactions per second are presently mentioned in the documentation.

The cloud-based blockchain service After Public Chain and Ecosystem, IOST has now produced BaaS, the third iteration. This platform is intended for consortium blockchains, which are networks of firms with a variety of business partners. Using the shared blockchain as a starting point, developers may create their own applications and solutions. It facilitates the rapid development of blockchain-based enterprise solutions by blockchain developers.

IOST is devoted to both the public and private sectors, offering both corporate and government solutions.

What Are Cheap Cryptocurrencies – Definition

A cheap cryptocurrency is defined by its price per full token. Even though you can buy your desired value’s worth of any cryptocurrency, even if it’s a fraction of the price of a single token. For example, those who want to get into bitcoin do not necessarily have to invest 50,000 dollars in order to own one Bitcoin.

One can invest as much as they like and get their investment’s worth in any coin they would like, depending on the platform they use, and which decentralized network they trade on. The cheap currencies which we have mentioned above are much smaller than Bitcoin and many other altcoins, due to their high liquidity and relatively low market caps.

These coins are much more volatile than those which have reached such a large market that they have gotten as close to stable as possible, meaning investing in cheap cryptocurrencies can make you a bigger, more attractive turnover.

What Is the Best Exchange for Investing in Cheap Cryptocurrencies

For trading cheap cryptocurrencies, there are a wide variety of exchanges available, each with a unique set of characteristics. Listed below are some of the greatest exchanges currently available for investing in the aforementioned cryptocurrencies and many more.

Where to buy cheap cryptocurrency – eToro

eToro

Through eToro, which is approved by the Financial Conduct Authority (FCA), clients may buy Bitcoin and over 60 other cryptocurrencies using various methods of deposit, including electronic wallets like PayPal and credit cards and bank transfers.

Millions of investors and experts across the world have voted it the best crypto exchange for 2022 in multiple evaluations.

Only lately has eToro opened its doors to US investors, which was founded in 2007. Traders from across the globe, including the United Kingdom, Australia, and Europe, were already using the site to trade crypto, FX, commodities, ETFs, and other financial instruments.

A few minutes of your time is all it takes to sign up for an account at eToro.com. EToro has a simple and user-friendly design compared to some of the most well-known cryptocurrency exchanges. Because of its vast variety of useful features, it is a wonderful option for both rookie and expert traders.

Visit eToro

Your capital is at risk.

Crypto.com

a well-known bitcoin trading website Customers at Crypto.com may choose from a large range of digital assets and blockchain-related products. Users may buy, sell, and exchange a broad variety of currencies at low charges. Under the aegis of the company, it offers crypto credit cards and a decentralized exchange as well as a stand-alone wallet for NFTs. Staking bitcoin or keeping it in a Crypto.com wallet for an extended period of time may earn users up to 14.5% interest.

Anyone who wants to buy and store cryptocurrencies like Bitcoin and Ethereum may use Crypto.com. Fees might be as low as 0.40 percent when there is high trading activity or significant CRO currency holdings. Crypto.com’s platform now supports over 250 currencies and offers a wide range of order types and crypto futures trading options.

Visit Crypto.com

Your capital is at risk.

Huobi

Huobi has a base in Hong Kong In this part of the world, Huobi Global is one of the most well-known exchanges for digital currencies. An extensive digital asset ecosystem was developed by Huobi in 2013 that includes everything from spot trading to futures and crypto loans and yield products.

Huobi Global, a Beijing-based cryptocurrency exchange, was founded in 2013 to service Chinese and foreign investors. It quickly became one of China’s three largest crypto exchanges, providing ample liquidity for Bitcoin dealers.

Due to China’s shifting regulatory climate, Huobi was forced to move its crypto trading services outside of China in 2017. Afterwards, the company relocated its headquarters to Singapore and founded a new company in the Seychelles with the intention of expanding into other Asian nations and throughout the world.

Visit Huobi

Your capital is at risk.

How to Buy Cheap Cryptocurrencies

On eToro, there are two fundamental ways to buy cheap cryptocurrencies:

Using CFDs, you may speculate on the price swings of cheap cryptos without having to own any of them yourself (CFDs). When it comes to financial instruments, the price movement of contracts for difference (CFDs) may be advantageous to both investors and traders (CFDs).

Let’s examine how these two approaches stack up against one other.

Purchasing the underlying asset

Conventional money (USD) may only be exchanged for crypto asset tokens such as Bitcoin (BTC), XRP (XRP), or Litecoin (LTC).

You don’t have to do anything; eToro takes care of the purchase and registration of the token for you.

If the value of your crypto asset rises throughout your ownership of it, you will benefit. However, if the price falls, you’ll be out of luck.

By using this method, you have complete control on all of your crypto assets. As a result, you have full ownership and authority over the tokens. Making purchases or exchanging them for other crypto assets is as easy as placing the tokens in your wallet or trading the tokens for other crypto assets.

You can pay for things at Bitcoin-accepting businesses with a purchase of $1,000.

After purchasing the underlying asset on eToro, your crypto assets may be transferred into the eToro wallet. This is an easy-to-use, multi-crypto digital wallet. The eToro Wallet is a secure place to keep your crypto assets while also allowing you to move them across wallets.