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Best Penny Cryptocurrencies to Invest In

Much like penny stocks, penny cryptocurrencies have the potential to make high gains. Penny cryptos costing around a cent can provide long-term investors the opportunity to make high returns in a fairly short period of time. In this guide, we'll help you decide what are the best penny cryptocurrencies to buy right now and show you how to complete the investment process.
Penny Cryptocurrencies to Buy
Penny Cryptocurrencies to Buy

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Along with the highly-priced cryptocurrencies the market is filled with thousands of crypto tokens that are valued at less than $5, or even just a few cents. These cryptocurrencies are known as penny cryptos and are preferred by many types of investor. First and foremost, they are quite affordable. You can buy a large holding of penny cryptos by investing as little as $100 and potentially generate high returns once their value increases. 

But before that, you need to explore the market and find out the most promising penny cryptocurrencies that have huge potential for growth. It is crucial to have a clue about what you are investing in and whether it is worth buying not to end up losing your capital in the long run. To help you in the research stage we have reviewed the best penny cryptocurrencies to buy this year and provided detailed reviews on each.

Read on to find out which penny cryptocurrency or cryptocurrencies attract you best. You will also discover the best platforms to invest in penny cryptocurrencies and a complete guide explaining how to buy cryptocurrency for pennies online step by step.

Best Penny Cryptos to Buy in 2023

If you do not want to go too much into details and seek the quick list of the best penny cryptocurrencies below we have provided a short list of the top penny cryptocurrencies to buy right now. You have a versatile selection as the list includes various projects from meme cryptocurrencies to blockchain gaming platforms and DeFi problem-solving technologies. 

  1. Bitcoin Minetrix ($BTCMTX) – Best Penny Crypto Eyeing Explosive Growth
  2. Bitcoin ETF Token (BTCETF) – High Potential Penny Crypto in Presale Stage
  3. Meme Kombat ($MK) – Penny Crypto Revolutionizing P2E Gaming
  4. TG.Casino ($TGC) – Penny Cryptocurrency Project Revolutionizing Online Casinos
  5. yPredict (YPRED) – A New Crypto Focusing on AI-Driven Predictions
  6. Launchpad XYZ (LPX) – Emerging Crypto Project with a Web3-Propagation Concept
  7. Chimpzee (CHMPZ) – An Eco-Friendly Penny Crypto
  8. Wall Street Memes (WSM) – Best Penny Crypto With a Successful Presale
  9. Fetch.ai (FET) – Trending AI Penny Cryptocurrency with Focus on Real-Life Issues
  10. Graph Coin (GRT) – Invest in Penny Cryptocurrency that Struggles to Improve Data Retrieval
  11. 1Inch (1INCH) – Promising Penny Crypto that Improves User-experience with DEX Platforms
  12. AMP (AMP) – Buy Penny Cryptocurrency that Aims to Speed up the Transaction Confirmation

Top Penny Cryptos to Buy Reviewed – Full List

If you are a newbie in the cryptocurrency market, you may be confused about discovering thousands of digital assets that you can invest in. However, most of these cryptocurrencies are speculative, meaning they involve high risks, can be quite speculative, and can crash quickly after trending for a particular period. 

Hence, you need to carefully explore the cryptocurrencies you are going to purchase to make sure they have the potential for future growth and can bring you high rewards. In this section, we have reviewed the most popular penny cryptocurrencies that have excellent potential to increase value in the near future. Read on to find out which one attracts you most and best suits your expectations.

Bitcoin Minetrix ($BTCMTX) – Best Penny Crypto Eyeing Explosive Growth

Bitcoin Minetrix is easily one of the best penny cryptocurrencies to bet on this year, and growing investor interest in the project speaks volumes. The project takes on a novel stake-to-mining approach to revitalize Bitcoin mining.

Bitcoin Minetrix New crypto

Bitcoin Minetrix provides a tokenized cloud mining environment to eliminate challenges around security, entry barriers, upfront costs, etc., associated with Bitcoin mining. By tokenizing the cloud mining environment and doing away with the need to buy cash contracts from mining companies, the platform is enhancing accessibility for all.

Users can acquire cloud mining credits by investing in and staking the platform’s native BTCMTX tokens. This decentralized strategy enables a secure and transparent mining environment while safeguarding users’ interests. The native ERC-20 non-tradable BTCMTX tokens can be burned in exchange for mining time or revenue sharing.

The Bitcoin Minetrix presale has a soft cap target of over $15 million. Within a day of the presale announcement, the penny crypto raised more than $100,000, demonstrating its enormous growth potential.

Visit Bitcoin Minetrix

Bitcoin ETF Token (BTCETF) – High Potential Penny Crypto in Presale Stage

As a brand-new cryptocurrency, Bitcoin ETF Token has already gained popularity in the crypto space, thanks to its unique concept. The penny crypto, still in its presale stage, has been created to celebrate Bitcoin’s upcoming Bitcoin ETF launch. It comes with a roadmap that aims to celebrate other potential milestones of BTC by burning its own tokens and creating more demand in the future.

Bitcoin ETF Token

While the overall concept may seem simple, BTC fans have started to stock up on the native token of this project, BTCETF, as many expect that these milestones (which include Bitcoin reaching the $100k range) are likely to happen in the near future. The token has already been audited by Coinsult, which is a reputed name in the crypto auditing space. This means that the project can be trusted to not be a rug pull or a scam.

The project also offers staking at a good APY, all within barely a month of its existence. Since Bitcoin ETF Token is in its presale stage, the price of the token is considerably discounted. Investors can acquire the tokens directly from the website for a price of $0.005. However, investors expect this price to shoot up in the coming months, especially when the project launches and gets listed on multiple exchanges, which could propel the price of BTCETF even further.

Visit Bitcoin ETF Token

Meme Kombat ($MK) – Penny Crypto Revolutionizing P2E Gaming

Meme Kombat is a community-driven ecosystem where gamers, blockchain enthusiasts, and other stakeholders can collaborate to explore, compete, and push P2E gaming to the next level. The penny crypto project is on a mission to transform peer-to-peer (P2P) gaming, fusing cutting-edge AI technology with the decentralized power of the Ethereum network.

Meme Kombat Get into Crypto

To begin playing Meme Kombat, users must connect their accounts to their cryptocurrency wallets. The platform’s simple and secure mechanism then makes the native $MK tokens available for staking, wagering, and collecting prizes inside the game. These rewards exceed the passive staking-based 112% Annual Percentage Yield (APY) that $MK token holders may earn.

As the community it serves and grows evolves, Meme Kombat’s commitment to innovation, diversity, and ongoing growth ensures it will earn a reputable name in the industry. Before the platform launches, half of the token supply is accessible through the ongoing $MK presale at a token price of $1.667.

Visit Meme Kombat

TG.Casino ($TGC) – Penny Cryptocurrency Project Revolutionizing Online Casinos

TG.Casino is a penny crypto project that raises the bar for online casino gaming by fusing efficient cryptocurrency transactions with the massive potential of Telegram’s popular messaging app. The platform understands that players prefer the freedom of playing from any location while remaining anonymous and gambling securely with cryptocurrencies.

TG.Casino

The Curacao Gaming Commission licenses the platform, which speaks of its trustworthiness, security, and safety. Users don’t need to download any other software or apps to use TG.Casino because it is already incorporated into Telegram, drastically lowering entrance barriers.

As compensation for their dedication and interest while playing games, players receive native $TGC token rewards occasionally. The token offers investors passive income streams, affiliate rewards, and the trust of a growing community. Users may invest at least $5,000 in the ongoing presale to win unique NFT post-launch prizes.

Visit TG.Casino

yPredict (YPRED) –  A New Crypto Focusing on AI-Driven Predictions

yPredict.ai is the next generation of business research and analytics platform that provides data-driven insights for better business decisions. It is an ecosystem of AI/ML experts, financial analysts and traders, offering a range of products, including analytical tools and platforms designed to deliver insights from cutting-edge financial forecasting methods, and much more.

Financial markets, including cryptocurrencies, seem to be losing their predictability as more businesses are driven by complex systems that tend to self-create and evolve. This constantly changes the dynamics of the price structure, making it difficult for people to predict the financial market, including the market price, which is unique in understanding and predicting business movements through value creation.

yPredict - AI-powered predictions

To bridge this gap, yPredict.ai provides access to data-driven insights, actionable metrics, and business forecasts, where financial analysts can provide a monthly-as-a-service signal/signal of profit generated by forecast models. The platform also features a patent-pending pattern recognition algorithm that evaluates hundreds of bullish and bearish candlesticks to find recurring patterns. It also provides a confidence score for the model and a value judgment of the markers that make up the model.

Users can interact with yPredict to access a range of tools, such as AI trading signals, sentiment analysis tools, pattern recognition maps, and more. These signals are given to traders as a subscription that must be paid using the platform’s public cryptocurrency, YPRED. YPRED is an ERC-20 token built on the Polygon chain with a limited supply of 100 million that can be used to purchase algorithmic subscriptions, increase business voting rights, and stake.

Visit yPredict

Launchpad XYZ (LPX) – Emerging Crypto Project with a Web3-Propagation Concept

Launchpad is rapidly gaining recognition in the cryptocurrency community as a project aimed at introducing people unfamiliar with blockchain technology or Web3. It creates an advanced dashboard that provides the information people need to make informed business decisions.

Platform users can access real-time information, analysis and insights about the cryptocurrency market through a user portal. By doing this, customers can avoid third parties and find capital-worthy projects without competing.

Launchpad - helps with WEB3 for Newbies

The Launchpad Quotient tool identifies the best results and projects at any given time and is an integral part of the project. Investors can use this method to make profits before jumping out of bullish plans. In addition, Launchpad provides all pre-sale items with the latest information on upcoming NFT editions and key details on tokens. In addition to these features, Launchpad has created an exchange (DEX) where users can buy, sell and exchange the hottest tokens without relying on the centralized platform.

The platform’s own cryptocurrency token LPX powers its advanced features and gives users access to pre-sale and NFT mints, along with discounted transaction fees. The pre-sale price of LPX tokens is currently $0.035 per coin, making it suitable for new traders.

Early investors can take advantage of the low price by purchasing LPX tokens, as the price will increase compared to the pre-sale. When LPX starts trading at $0.07 per token after the pre-sale ends, early traders will receive 100% more than the current price. Launchpad could be the hottest new cryptocurrency that investors can decide to park their assets in 2023 due to its beautiful web interface, many interesting features and new ideas.

Visit Launchpad

Chimpzee (CHMPZ) – An Eco-Friendly Penny Crypto

Chimpzee is considered a green penny crypto token with great future potential. This is not your regular cryptocurrency project with a native token, but Chimpzee is projecting to be so much more than that.

Chimpzee penny Crypto

For starters, this project is guided by its passion to take measures to save the animals and the environment. It aims to create awareness about it among people. It wants to mobilise people to join hands for this cause and take action immediately.

This penny crypto project plans to achieve it through its breakthrough ecosystem with three different platforms- the Chimpzee Shop, NFT Marketplace, and Zero Tolerance Game. These platforms are related to one another.

The Chimpzee Shop allows users to earn rewards for shopping. The NFT marketplace enables users to get a share of the profit for contributing to trade on the platform. While the game allows users to earn passive income when they reached certain milestones.

In addition to this, the project has another component called NFT passports. It is designed in such a way that passport holders will get more tokens, more rewards and exclusive benefits. However, these passports are limited and only available to those who participate in the presale of its native token CHMPZ.

CHMPZ presale has so far raised $892k and currently one CHMPZ token is available for $0.0007.

Visit Chimpzee Presale

Wall Street Memes – Best Penny Crypto With a Successful Presale

Wall Street Memes (WSM) has recently emerged as a prominent meme project, gaining significant attention within the crypto community in just 48 hours.

Debuting on May 25, Wall Street Memes quickly raised over $100,000 in less than a day, displaying promising potential for rapid growth. Its close affiliation with the ‘WallStreetBets’ Reddit community and a combined social media following of 1,000,000 contribute to its traction.

WMS_Crypto Launches

The development team responsible for the successful Wall St Bulls NFT collection, which sold out in a mere 32 minutes in 2021, has crafted this new token. Moreover, they are presently introducing the Bitcoin Ordinals collection on Magic Eden, generating substantial anticipation.

Wall Street Memes is now available to buy on OKX.

Buy Wall Street Memes

Fetch.ai – Excellent Penny Cryptocurrency with Focus on Real-Life Issues

Fetch.ai is one of the best penny cryptocurrencies to buy as it brings AI and machine learning innovative solutions into the digital economy. Founded by three software developers in 2017, Fetch.ai aims to contribute to the growth of the decentralized digital economy by incorporating AI agents. The team includes Humayan Sheikh, Thomas Hein, and Toby Simpson who managed to attract several investors and raise $26 million from them. In 2019 the team also launched its FET token and raised $6 million through the Initial Coin Offering.

Fetchai

Fetch.ai introduces exciting features into the digital economy and tries to solve a lot of real-world problems through its innovative agents and machine learning solutions. One of the fields that the project touches on is traveling. Agents create direct communication between the consumers and providers thus reducing the role of the intermediary between them. In its turn, this system reduces the extra costs charged for the services by third parties. 

Other important problems that Fetch.ai agents solve are the ones related to traffic and parking. Fetch.ai agents work to make mobility and transportation efficient. For instance, when you enter a city, the agent can get in touch with other agents and find out the nearest parking locations next to your destination. Moreover, it can book the parking area for you before you arrive at that place. Fetch.ai innovative solutions are also applied to such arrears as digitized trading, parties working together, such as doctors and patients, etc. 

To manage its ecosystem, Fetch.ai has a native utility token that benefits the network in multiple ways. People can use it for managing autonomous economic agents, and stake to generate rewards and conduct transactions. Fetch.ai has a  maximum supply of 1,152,997,575 FET coins. 60% of the FET coins are already circulating with a value of $0.09 per coin. 

Update – since writing this post the FET price has exploded to over $0.25, one of the best performing crypto assets in early 2023 as the AI crypto narrative began to trend.

Buy Fetch.ai

Your capital is at risk.

The Graph – Invest in Penny Cryptocurrency that Struggles to Improve Data Retrieval

The Graph (GRT) is another fascinating cryptocurrency project that you can invest in if you are looking for a penny cryptocurrency. It is a DeFi project founded in 2018 by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez. Originally launched on the Ethereum blockchain, Graph Coin has a goal referring to upgrading the blockchain technology. Its main goal is to contribute to the information retrieval of the blockchains which significantly influences the efficiency of the decentralized apps built on that blockchain.

The Graph Coin

The Graph Coin project issues a native utility token to power its ecosystem and manage the network. As the technology works through processing and storing the data from various blockchains with an aim of further retrieval, it goes through multiple processes. All the processes are managed by different network participants who are called indexers, curators, and delegators. Anyone who wants to become an indexer, a curator or a delegator must first of all stake GRT tokens. All the stakers are rewarded from the network fees for the job they have done. 

The Graph Coin project is quite popular within the DeFi industry. It is used by such popular DeFi projects as Aave, Curve, and Uniswap. Its native coin was officially released in October 2020 and managed to raise $10 million in the capital during the ICO stage. Before the public sale, GRT also raised $19.5 million in capital from the private sale. GRT is currently included among the 100 largest crypto assets by its market capitalization. The cryptocurrency is traded at $0.1253 but has a circulating supply of 6.9 billion tokens which raises capital of $866 million.

Buy the Graph Coin

Your capital is at risk.

1Inch – Promising Penny Crypto that Improves User-experience with DEX Platforms

1Inch Protocol is another popular cryptocurrency and another coin to buy under a penny. It is designed to improve the decentralized exchange industry and contribute to the way people execute a trade through DEXs. The decentralized exchange industry is growing rapidly with more and more projects springing up in the market. 

1 Inch Coin

The difference between DEXs and CEXs is that DEXs allow users to trade without providing too much personal data and without going through the verification stages. It also makes the process quite faster – you do not need to register for an account providing the necessary details about your identity, payment method, etc. What you are required to do is to link your digital wallet to the platform and start trading. Centralized exchanges require you to verify your account so that they can keep your account safe. However, DEXs work through blockchain which makes them quite secure without any need for verification.

But the problem with these exchanges is that cryptocurrencies are traded at different prices on different exchanges. Additionally, transaction fees also vary greatly from platform to platform which makes it hard to identify which platform offers the best trading experience. The 1Inch protocol is designed to solve this issue by monitoring the whole market and pointing out the best prices and transaction fees for the users. 

The protocol was founded in 2019 by Surjey Kunz and Anton Bukov who have experience as engineers and developers in different startups. In December 2020 they managed to raise $12 million in capital from two funding companies. The group officially launched the project’s native token, 1INCH in late December during which it also airdropped 1INCH tokens to those wallets who have interacted with the 1Inch platform. The circulating supply of the 1INCH cryptocurrency is 571.6 million 1INCH tokens and it is the 86th largest crypto by market cap.

Buy 1 Inch Coin

Your capital is at risk.

AMP Coin – Buy Penny Cryptocurrency that Aims to Speed up the Transaction Confirmation

Amp is an Ethereum-blockchain-based project that was released in 2020. It is a digital collateral token that aims to make faster and more secure transactions possible. To understand how important the role of such projects is in the DeFi industry, you need to be familiar with one of the biggest problems of blockchain. 

AMP Coin

The dilemma of the transaction confirmation suggests that you need to sacrifice either security or scalability on the decentralized ledger. When the amount of the transactions increase more time is needed to verify transactions which is not always practical, especially for daily life. For faster transactions, users must pay high gas fees to have their transactions verified sooner. Amp is designed to make instant secure and irreversible transactions possible. 

Amp is also open-source and decentralized. It has a native token – the AMP coin which can be sent received and staked to earn rewards. The maximum supply of the Amp cryptocurrency is over 92 billion AMP tokens 45% of which are already circulating. It has a daily trading volume of $4.5 million and quite high rates on market capitalization tables. At the time of writing it is the 104th largest cryptocurrency with a market cap of $350.7 million. 

Buy AMP Coin

Your capital is at risk.

What are Penny Cryptos?

Penny cryptocurrencies are quite popular among investors who do not have too much money to spend on trading. They prefer penny cryptos as they have low value and can bring high returns once their trade is successful. There is not a single consensus about the definition of such cryptocurrencies. Usually, penny cryptocurrencies are called crypto assets that cost less than $1. However, according to another definition, cryptos worth less than $5 can also be considered penny cryptos. 

What makes penny cryptocurrencies so attractive is their low prices which can bring you plenty of rewards even with a little fluctuation. But meanwhile, penny cryptocurrencies can be quite risky especially when you invest in speculative crypto assets. It means that before investing in such cryptocurrencies, you need to carefully examine to make sure if the crypto has room for growth.

Reasons to Invest in Penny Cryptocurrencies

There are multiple reasons why investors and traders prefer penny cryptocurrencies. Here are some of the most popular ones. 

They are Affordable

The eye-striking advantage of investing in penny cryptocurrencies is that they are quite cheap. If you do not have too much money but you want to challenge yourself in trading, penny cryptocurrencies give you this opportunity. By selecting a cryptocurrency broker that does not require too much deposit or trading fees, you can buy a huge amount of crypto for as low as $100. 

You Have Huge Potential Returns

Besides being very affordable, penny cryptocurrencies also can bring you high returns once they get successful. It is because they are quite cheap and their price fluctuations can be extremely high. Obviously, it is more difficult for a significantly valuable crypto asset, such as Bitcoin, to double its value than for a cryptocurrency worth $0.002. 

Easy to Get Started

Investing in penny cryptocurrencies can be an excellent way to start your trading career as you can begin with as lows as $20-$50. For instance, to buy a cryptocurrency on one of the leading crypto brokers, eToro, you need a maximum deposit of $10. Additionally, the minimum amount required by eToro to buy crypto is $10. Hence, you can buy the most popular ERC-20 tokens for as low as $20. 

A Great Way to Diversify Your Portfolio

And most importantly, you have an excellent opportunity to build a versatile portfolio. The fact that penny cryptocurrencies are cheap enables you to buy different assets with little money. In this case, you can also manage the risks of losing your capital by investing in different cryptos. So, if any of your investments fail, you secure yourself with investments in other assets that can gather value and bring you income. 

Where to Buy and Trade Penny Cryptocurrencies?

If you plan to buy penny cryptocurrencies, you will definitely need a cryptocurrency broker with which you can open an account and buy crypto assets. But once you start looking for a good crypto broker to start trading, you will find hundreds of options and it may become a daunting process for you to decide which one is the best. If you are a beginner in the field, we would recommend you to start with eToro which is a leading brokerage platform that stands out with multiple excellent features. 

Along with a number of other assets, eToro supports trading, buying, and selling cryptocurrencies on its platform. It offers quite a versatile selection of cryptocurrencies and you can trade over 80 digital assets with eToro. The list includes the most trending and popular cryptocurrencies, such as Bitcoin, Ethereum, Cardano, Aave, Dogecoin, and a number of penny cryptocurrencies from our recommendation list, such as Fetch.ai, AMP token, Graph coin, etc. Moreover, eToro adds new cryptocurrencies to its list frequently, and you also have the chance to diversify your portfolio with new coins and tokens. 

Perhaps, the most significant feature of eToro that appeals to beginners is its super competitive pricing structure. As for trading fees, you only have to spend a 1% trading fee to buy or sell any altcoin which is added to its market fee. There are not any other hidden fees included, nor does it charge rollover, ticket, or management fees for your account. eToro is also pretty efficient when it comes to non-trading fees. The broker only charges a 5$ withdrawal fee for any payment method you choose. 

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By signing up for an account on eToro, you will discover a combination of top-notch features for beginners. It has a very friendly user interface and an exceptional social trading platform through which you can communicate with other traders, discuss trending topics, investment opportunities, etc. Moreover, eToro allows you to copy the trades and portfolios of expert traders through its social trading tools. 

eToro also has separate pages dedicated to each cryptocurrency you search. Once you search the coin, you can navigate between multiple sections to learn news and read analyses about that crypto. If you like mobile trading, the broker also provides a mobile app that is available to install on iOS and Android operating systems. 

The broker is also popular with its high reputation. It has millions of users from over 100 countries of the world which makes it one of the most widely-used brokers in the industry. One of the reasons why so many people choose eToro is its highly secure trading platform. The broker is extensively regulated and licensed by such top-tier companies as FCA, CySEC, ASIC, SEC, and FINRA. The broker also applies quite efficient security systems to protect your account and prevent any fraud that can threaten your safety.

See our full eToro review.

How to Buy Penny Cryptocurrencies Step by Step with eToro

Now when you are familiar with the best penny cryptocurrencies to buy in 2023 and the best cryptocurrency broker to trade with you may be curious about how to start investing in penny cryptos. To walk you through the whole process we have prepared a complete guide that explains everything in detail with eToro. 

Sign up for an Online Account with eToro

If you do not have a brokerage account your first step must be to open one. Visit eToro.com and open a free account. eToro requires that you fill in some details about your identity, including name, surname, date of birth, etc. Also, you will need to provide your email and phone number to go through the first verification stages. 

Step 1. Sign up for an Account on eToro

Verify Your Account and Deposit Funds

Once you have registered your account, you will need to verify it as long as eToro is a regulated broker and does not allow you to start trading without verification. However, the verification is quite easy and you will go through fast if you provide the right documentation. As eToro requires an address and identity verification, you must provide a proof of identity, such as a passport or an ID, and proof of address, such as a bank document or a utility bill.

When your account is fully verified and you are allowed to trade, you can finally deposit money on it. To buy cryptocurrencies, eToro requires a very low minimum ($10) and you can buy it by investing as low as $10. eToro supports multiple payment methods, hence you can deposit funds through bank cards, wire transfers, or an e-wallet. 

Step 2. Verify Your Account and Deposit Funds

Search Penny Cryptocurrency You Want to Buy

Once you have a verified and funded account, you can start investing in penny cryptos. But first of all, you need to select what crypto you want to buy. Search the name of the coin in the search toolbar and click on the first results. eToro will lead you to the crypto’s separate page where you can explore it, read the news about it, and use its graphs and charts that can make you make a final decision.

Step 3. Search Penny Crypto You Want to Buy

Buy Penny Cryptocurrency

Once you have decided to buy the crypto, click on the Trade button which you will find on the above-left part of the website. On the buy window, fill in the details about your trade, including the number of coins you want to buy. Make sure you have filled everything correctly and finalize the transaction to get the coins on your exchange wallet. 

Step 4. Start Buying Penny Cryptocurrency

Where to Trade Penny Crypto Coins?

Penny cryptocurrencies can also motivate you to short-trading as long as their price fluctuations can bring high returns in the short term. But to have an efficient trading experience, you should find a good brokerage platform that will cooperate fast and offer low transaction fees and spreads. Below we have introduced a list of the best cryptocurrency brokers that we have selected, examining the market. 

Conclusion

Penny cryptocurrencies are an excellent choice to invest in especially when you are a beginner in trading and want to start with a little money. In this guide, we have introduced the best penny cryptocurrencies to buy in 2023 and described their projects in detail. Our most recommended penny cryptocurrency to buy in 2023 is Bitcoin Minetrix, which is expected to raise and can generate high returns. The token can be bought on the project’s website where its presale is underway.

To buy penny cryptocurrencies, you will need to open a brokerage account on a cryptocurrency exchange and verify it. For beginners, we recommend trading with eToro which is an excellent platform with a super easy user interface and low trading fees. Additionally, eToro supports some of the penny cryptocurrencies included in our top list, other than those yet to have their initial exchange offering. 

New Crypto Mining Platform - Bitcoin Minetrix

Rating

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now - BTCMTX
  • Staking Rewards - Over 100% APY
Bitcoin Minetrix

FAQs

What is the best penny crypto to buy?

You may want to think about investing in cryptocurrencies seeking to make improvements in various industries because the DeFi industry is flooded with diverse cryptocurrency projects. Bitcoin Minetrix, which has a massive potential and is enthusiastic about cryptocurrencies in general, is on our list of the top penny cryptocurrencies.

Are penny cryptos a good investment?

There are many benefits to investing in penny cryptocurrencies. First and foremost, they are quite affordable and you can purchase penny cryptos in high quantities spending a little money. Secondly, they have huge potential to grow which especially refers to the projects that have just been launched but have attracted several investors and DeFi enthusiasts.

Which penny crypto is expected to explode this year?

AiDoge is extremely likely to take off this year thanks to its distinctive approach to community development and straightforward cue to amusing meme production process.

What should I do before I invest in a penny crypto?

Before you invest in a penny cryptocurrency, you must spend some time analyzing it. Obviously, it is not efficient to invest in random cryptocurrencies, hence you must first understand how that crypto works and what goals it has regarding the market. You can explore its website, do a market analysis, get familiar with the opinions or reviews of expert traders, or find information on educational platforms.