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10+ Best Utility Tokens to Buy in 2023

For those wanting to invest in utility tokens but unsure which crypto projects have the most potential - this guide reviews the best utility tokens to buy right now and their different use cases. Alongside where to buy and trade utility tokens and how to buy utility tokens on a regulated crypto exchange.
best utility tokens
best utility tokens

Utility tokens are increasingly popular among the trading community. These are tokens created to power a particular Defi project and used for a certain purpose within a Defi ecosystem. For example, Ethereum’s ETH is one of the most popular and valuable ERC20-token-based utility coins that is used to pay for gas fees when using smart contracts on Ethereum’s blockchain. Multiple types of utility tokens have been used up to now in 2023 for very diverse purposes. 

Best Utility Tokens to Buy in October 2023 – Top List

  1. Bitcoin Minetrix (BTCMTX) – Top Utility Token Eyeing Massive Growth Potential
  2. Meme Kombat ($MK) – Utility Token Transforming P2E Gaming with Memes and AI
  3. TG.Casino ($TGC) – Best Utility Crypto Setting a Benchmark for Online Casinos
  4. yPredict (YPRED) A Crypto Project with Utility (AI-Driven Predictions)
  5. Launchpad (LPX) A Utility Crypto Powering an Inclusive Web 3 Project
  6. Chimpzee (CHMPZ) Utility Token Providing an Exciting Eco-Friendly Solution
  7. Wall Street Memes (WSM)  Memecoin with a Massive Community & High Utility
  8. Decentraland (MANA) – Best Utility Token for an NFT-based Virtual World
  9. ApeCoin (APE) – Best Utility Token for Decentralised Gaming
  10. Binance Coin (BNB) – Utility Token Serving the Leading Crypto Exchange Binance
  11. Polygon (MATIC) – Utility Token with a High Market Capitalisation
  12. Chainlink (LINK) – Widely Traded Utility Token for Blockchain Technology
  13. Enjin (ENJ) – Best Utility Token for the NFT Gaming Industry

Best Exchange to Buy Utility Coins

Utility coins are listed on crypto exchanges and brokerage platforms that support crypto trading. Hence, to buy a utility coin, you need to register for an account with your chosen platform and fund your exchange wallet to be able to buy cryptocurrency.

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The biggest factors in selecting a brokerage platform is the exchange supports the utility coins you want to invest in, and is safe and secure, with low fees and the right trading tools. Our research indicates that is the best platform to buy utility tokens and supports most of the tokens that are widely traded.

Top Utility Coins to Buy Now –  Reviews

In this section, we will introduce to you the best utility coins to buy in 2023 and give a detailed review of every token separately.

Bitcoin Minetrix – Top Utility Token Eyeing Massive Growth Potential

Bitcoin Minetrix has drawn interest from crypto enthusiasts globally as one of the best utility tokens to buy this year. The platform’s tokenized cloud mining environment, which has reduced entry barriers, improved safety, and no up-front charges, intends to allay concerns about Bitcoin mining.

Bitcoin Minetrix

To achieve this, Bitcoin Minetrix employs a revolutionary strategy that combines the ideas of staking and mining. Users can stake the platform’s native BTCMTX currencies to earn mining credits. Burning the native ERC-20 tokens offers mining time or revenue sharing in return since these tokens are non-transferable. 

Users of Bitcoin Minetrix can buy and stake BTCMTX tokens with just an Ethereum-compatible wallet. Additionally, they may control all their BTCMTX tokens and mining credits using a simple dashboard. 

By tokenizing the cloud mining environment, Bitcoin Minetrix increases accessibility and eliminates the need to purchase cash contracts from mining firms. Currently on presale, Bitcoin Minetrix has a soft cap goal of just over $15 million.

Meme Kombat – Utility Token Transforming P2E Gaming with Memes and AI

Meme Kombat is one of the best utility cryptocurrencies to buy in 2023, with its unique premise introducing popular meme coin characters to the thrilling world of battle arenas. The project uses cutting-edge technology and the decentralized power of the Ethereum network to revolutionize P2E gaming.

Meme Kombat

The project currently offers three primary services. First, cutting-edge AI in Automated Battles on Meme Kombat brings popular meme coin characters to life. Second, the gambling component enables $MK token owners to bet on combat outcomes and reap enormous returns. Third, Staking allows owners of $MK tokens to earn a passive Annual Percentage Yield (APY) of 112%. 

Key elements of $MK include participation and community interaction, and as such, several tokens have been reserved as community incentives. The ongoing $MK presale provides access to half of the token supply before the platform’s launch. 

Meme Kombat is easily one of the best utility tokens for early investors seeking high returns. The hard cap for the $MK token is $10,000,000, with the current presale token price being $1.667.

Visit Meme Kombat

TG.Casino – Best Utility Crypto Setting a Benchmark for Online Casinos

The brand-new utility crypto platform TG.Casino will transform the online casino experience with secure cryptocurrency transactions and reduced entry barriers. The platform allows players to access multiple games without the hassles of KYC. Additionally, players can maintain anonymity online, earn awards, and leverage high-roller opportunities. 


TG.Casino uses blockchain as its foundation, thus ensuring fairness and decentralization. Its authorization from the Curacao Gaming Commission speaks of the platform’s security and safety. 

The network has built a strong economy with more rewards for users and varied staking choices because of a special mechanism. TG.Casino burns 40% of the daily profit, giving the remaining to customers as a staking return. 

The network’s native cryptocurrency, TGC, is currently in presale. TGC is one of the top utility cryptocurrencies investors should consider for passive income streams, affiliate benefits, and a developing community.

Visit TG.Casino

yPredict – A Crypto Project with Utility (AI-Driven Predictions)

A system that gives users good indications and takes into account both technical and emotional factors is needed given the volatility of the bitcoin market. This is made possible by yPredict, a cryptocurrency predicting platform powered by artificial intelligence (AI) that seeks to offer traders, quants, and AI developers an “all-in-one” AI ecosystem.

In order to identify recurring patterns, the pattern recognition algorithm in yPredict analyses hundreds of bullish and bearish candlesticks. The model’s confidence score and a value assessment of the model’s constituent markers are also provided.

What is yPredict

By interacting with yPredict, users will have access to a variety of tools, including AI trading signals, sentiment analysis tools, information models, and more. The creators of these models are data scientists and artificial intelligence programmers who can offer their trading signals and algorithms through prediction trading to get a passive income.

During registration, which must be paid for with the native cryptocurrency YPRED, traders will be given predicted signals.

YPRED is an ERC-20 token built on the top of the Polygon chain. It has a limited supply of 100 million and can be used to buy subs to algorithms, get voting rights in the marketplace, and staking. yPredict features a dynamic staking pool that is filled with 10% of all the YPRED deposited in the ecosystem.

At the time of writing, the pre-sale of YPRED tokens has generated above $500,000. This new cryptocurrency’s foundation enables the usage of intelligence to further increase on price charts. To learn more about this project, click the link below.

Visit yPredict

Launchpad (LPX) – A Utility Crypto Powering an Inclusive Web 3 Project

Launchpad is a Web 3 project that provides “all the tools that users need to interact successfully with the Web 3”. Web 3, even though a novel concept, still can’t reach the masses because of the high level of technicality involved. Launchpad aims to fix that issue by providing everything from analytics to learning tools to traders and even those who have a passing interest in crypto.

Launchpad utility crypto

Launchpad encompasses all the aspects of Web 3 on one platform. Users can curate, create, buy and sell NFTs,  assess utility cryptos and crypto presales, interact with trading terminals, buy and sell hundreds of crypto pairs on DEX, and engage with P2E games as well as Metaverse projects.

These elements have been added to the platform in a simple and interactive way to onboard the next 10 million users to Web 3, to bring people bound to Web 2 space to learn about the third iteration of the internet.

Another crucial element of Launchpad is the Launchpad Quotient. It is a metric designed to discern the potential of a cryptocurrency or an NFT, or a Web 3 project based on 400 data points – including technical indicators and sentimental indicators.

Launchpad’s roadmap is equally robust. Fractionalized NFTs and other tools will also be introduced soon.

The entire ecosystem is powered by the LPX token. It is an ERC-20 asset that allows users to interact with the ecosystem. LPX tokens can also be staked, which will give users perks such as discounts in addition to standard APYs.

These elements have allowed Launchpad to hit the ground running during its presale. So far, it has raised upwards of $140k. The price of the token during the first stage is $0.035, and the listing price is $0.070. Investing now would mean traders will be able to double their profits before the token lists on cryptocurrency exchanges.

Visit Launchpad Presale

Chimpzee – Utility Token Providing an Exciting Eco-Friendly Solution

The sustainability of the blockchain technology sector has been in controversy and debates constantly. In such a scenario, it is high time that the cryptocurrency project focuses on the eco-friendly aspect of it to protect the environment and not harm it.

Chimpzee is one such project to emerge that is providing utility tokens with an exciting eco-friendly aspect. The project is guided by its passion towards protecting endangered species and the climate. This is not just in paper, but in implementation, as the projects tokenomics has reserved a whopping 10% for charity to be used in environmental causes.

Chimpzee- Future Cryptocurrency Pledging Protection of Environment and Endangered Wildlife

The native token of this ecosystem is CHMPZ and it has real utility. The commercial hub of the Chimpzee ecosystem has a Shop-to-Earn feature, where users can use the CHMPZ token to buy merchandise and gear. For every purchase a user makes, they will earn rewards and benefits. A percentage of these sales will then go to charities.

The project also has a Play-to-Earn feature, via which users can play the Zero Tolerance Game with its in-house token and earn rewards in the form of CHMPZ tokens. In addition to this, there is another feature called Trade-to-Earn. Users can trade in the Chimpzee marketplace using CHMPZ tokens, and as a result, can earn a share of the profit from such trades.

The CHMPZ tokens can also be used to buy limited NFT passports. These passports have added vantage in the form of APY, premium bonuses and rewards, the ability to earn more CHMPZ tokens as compared to normal token holders, etc

Because of the projects passion towards the environment, the ongoing CHMPZ presale has been seeing a considerable increase in the number of investors. Being a utility token of a high-potential project, CHMPZ is an asset worth adding to ones portfolio right now.

The presale is in its 7th stage now, with one token priced at $0.0007.

Buy Chimpzee

Wall Street Memes (WSM) – Memecoin with a Massive Community & High Utility

In the midst of a changing crypto landscape, a few standout coins are defying expectations. One such coin is Wall Street Memes ($WSM), which gained considerable traction during its recent pre-sale launch.

Drawing its popularity from the immensely successful Wall St Bull NFT Collection, Wall Street Memes is associated with the widely recognized WallStreetBets subreddit, boasting over 13.9 million members.

Wall Street memes

With the Wall St Bull NFT Collection selling out in a mere 32 minutes upon its release in early 2021, a strong community has rallied around Wall Street Memes, with over 215,000 followers on Twitter and 141,000 on Instagram.

The resurgence of Wall Street Memes is fueled by a community-driven $WSM token pre-sale and the highly anticipated Ordinals collection, limited to just 420 mintable pieces.

The total supply of $WSM tokens is capped at two billion, with 50% reserved for pre-sale investors, ensuring accessibility for all participants.

The remaining 50% of tokens will be allocated for community rewards and CEX/DEX liquidity, placing control fully in the hands of the community, without team allocation or private sale.

Early investors had the opportunity to acquire $WSM tokens at the pre-sale price of $0.025, the most affordable price likely to be offered. However, the token is now live on the OKX exchange and can be bought from the platform directly. 

Buy Wall Street Memes

Decentraland – Best Utility Token for NFT-based Virtual World

Another excellent utility token to invest in 2023 is Decentraland which is considered one of the most successful DeFi projects and is included among the 50 largest crypto assets with its market capitalization. Decentraland is a 3D virtual world where you can buy parcels of LAND, purchase avatars, develop them and later sell your LAND or avatar in the market. And all this is possible to do holding its native token – MANA which is traded at $0.954 at the time of writing. You hold the ownership of your avatars and LAND through NFTs. 


Decentraland was founded in 2017 by Argentinians Ari Meilich and Esteban Ordino. It first introduced the Genesis City project to the public. The City consisted of more than 90,000 pieces of LAND (or parcels) which were available to buy for $20 at that time. The prices of LANDs have increased significantly and with the popularity of Meta and Virtual reality, they even reached $6,000-$10,000. 

Decentraland’s MANA token is the fuel of the ecosystem. It is both a utility and a governance token. You can use MANA to purchase parcels of LAND, buy items to develop your LAND or avatars, and later sell them for higher prices in the market. As MANA is also a governance token it powers the holders with voting rights meaning you can take part in the decision-making process and vote on changes related to Decentraland.

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ApeCoin – Best Utility Token for Decentralised Gaming

ApeCoin (APE) is the native token of the ApeCoin DAO and is also used as a utility token within the Ape ecosystem. The token was created by Yuga Labs and is meant to serve the Ape ecosystem. It is used for versatile purposes and is incorporated into the Ape community in various ways. First, it gives access to the holders to the unique parts of the ecosystem, including games, projects, and other services. 

APE has also become the native token of such famous projects as Bored Ape Yacht Club which is among the most popular NFT collections in the DeFi market. It has 10,000 unique NFT drawings representing bored Apes which are quite valuable. The BAYC NFTs are popular among such celebrities as Justin Bieber, Snoop Dog, DJ Khaled, Eminem, Timbaland, and many others – most recently Madonna in May 2022.


Benji Bananas is another project that adopted APE cryptocurrency. It is an NFT game in which users can gain Membership Pass by holding APE tokens. One must have 25 APE coins to get a Membership Plan into the Benji Bananas where he can play and earn several in-game items and later swap them with APE tokens. Besides being a utility token, APE is also a governance token and APE holders have voting powers within the ApeCoin DAO. 

APE is among the most tradable assets right now. It is a relatively new coin and was launched in March 2022 but the project has garnered a lot of popularity in a short time. APE is traded at $6.27 right now and has a market cap of over $1.8 million making the crypto asset the 34th largest crypto by market cap. The maximum supply of the coin is 1 billion APE tokens.

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Binance Coin – Utility Token Serving the Leading Crypto Exchange Binance

Anyone somehow familiar with cryptocurrency trading at least once heard the name Binance. It is a cryptocurrency exchange where traders can buy and sell more than 600 hundred digital coins and NFTs. Binance is the largest cryptocurrency exchange in the world with trading liquidity and its volume is equal to over $7 million. Binance Coin is the native token of the Binance exchange, Binance Chain and and has the ticker symbol BNB

Binance Coin

BNB was initially an ERC-20 token and used the Ethereum blockchain. Once Binance created its own blockchain known as Binance Chain, BNB adapted to the Binance ecosystem and became the native coin of the Binance Chain. The purpose for creating BNB was for discounted trading fees, so initially, it was used for paying transactions and the trading fees on the Binance exchange and Binance Chain. But the cryptocurrency has become more versatile throughout its development. 

BNB is accepted universally for different kinds of payments – via BNB you can make payments, purchase gift cards and lotteries, book travelling packages and even make investments in other coins. 

The cryptocurrency once had a maximum supply of 200 million tokens, but it decreased over the years as Binance sometimes organizes burning events during which it buys some BNB coins and destroys them. By doing so, Binance decreases the supply of the coin meaning that its value can increase if there is a high demand for BNB. For now, Binance Coin is the 5th largest cryptocurrency by market cap (over $49.6 billion) and falls behind only Bitcoin, Ethereum, Tether and USD Coin.

Buy Binance Coin

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Polygon (MATIC) – Utility Token with High Market Capitalisation

Polygon was founded in 2017 in India by Ethereum blockchain developers with the purpose to make transactions faster and cheaper. The problem with the Ethereum blockchain is scalability, meaning that if the number of transactions on its network increases, it takes more time to verify those transactions, and transaction fees rise accordingly. Polygon was created as a sidechain of Ethereum that will be run parallel to Ethereum’s blockchain offering fast and cheap transactions. 

Polygon Matic

Polygon’s native cryptocurrency is MATIC which is called so because Polygon was initially known as Matic Network and was rebranded into Polygon only in 2021. MATIC is both a utility and a governance token for the ecosystem. It is used to pay for transaction fees or stake and become a validator. Additionally, MATIC holders have voting rights on the projects regarding the Polygon blockchain. 

MATIC entered the market through ICO during which it sold approximately 1.9 billion MATIC tokens worth $5.6 million in the first 20 days. It is now the 17th largest cryptocurrency with a market cap of over $5 billion. The maximum supply of MATIC tokens is 10 billion and almost 80% of the coins are in circulation. 


Your capital is at risk.

Chainlink – Widely Traded Utility Token for Blockchain Technology

Chainlink is a blockchain technology aiming to use the global network of computers and provide real-world data to the blockchain-based smart contracts. Founded in 2017 by the Smart Contract company, Chainlink has become one of the most successful DeFi projects in the industry. Its native token LINK is among the 100 largest crypto assets by its market capitalization.


To accomplish its goals, Chainlink uses data providers who are known as “oracles”. The latter must process the data and provide accurate information for smart contracts. To assure that oracles will be away from any malicious actions, reputation scores are assigned to them. As a reward for their service, oracles get new LINK coins which is the native token of the Chainlink platform. LINK has a maximum supply of 1 billion tokens 35% of which were sold during the ICO process raising $32 million in total. 

Buy Chainlink

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Enjin – Best Utility Token for NFT Gaming Industry

Enjin is a gaming platform that was created by Maxim Blagov and Witek Radovski in 2009, long before the cryptocurrencies became so highly incorporated into our lives. The main goal of the project is to develop the decentralized gaming industry and introduce innovations within that ecosystem. Enjin allows users to create in-game items and later use them within Ethereum-based games and platforms. 


Enjin also provides a marketplace where users can buy new items and sell them paying very low transaction fees. To buy items on Enjin’s platform one must possess ENJ coins which is the native cryptocurrency of the project. ENJ coins are used to purchase and sell those items in Enjin’s marketplace. Additionally, Enjin provides its decentralized wallet where ENJ holders can store their digital money. The Enjin wallet supports other coins too, including Bitcoin, Ethereum, etc. 

Enjin founders organized an initial coin offering of ENJ tokens in 2017 raising almost $10 million. Most of the money raised from the token sale went on building Enjin’s new blockchain. As for now, the ENJ token is the 80th largest cryptocurrency by its market capitalization which is equal to $570 million. The maximum supply of the coin is 1 billion ENJ tokens and almost 90% is in circulation.

Buy Enjin

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What are Utility Coins?

If you are interested in buying utility tokens it is also crucial to understand what they are and what purpose they serve. A token is a common thing for the cryptocurrency project and while stepping into the DeFi world you will hear the multiple token types. In fact, the same crypto project can have more than one token: for example, it can have both a utility and a governance token. But these are not the same and there is a huge difference between coins, utility tokens, governance tokens, and security tokens. 

In the first place, you need to understand the difference between coins and tokens. While coins are simply created to hold some value and therefore be used as a means of exchange, tokens are more than that. Tokens can be valued too, but apart from it they also have additional use cases within their community. These use cases can be of different types, hence there are different types of tokens with the most popular ones being security, governance, and utility tokens. 

As its name implies, security tokens represent a share of the company that is tokenized, so by holding a security token, you actually have a part of the company. Pretty much similar to security tokens are governance tokens, which grant voting rights to the holders. By having governance tokens of a cryptocurrency project, users can participate in voting regarding the changes to that project. 

Utility tokens do not grant any voting power, nor do they represent a share of the company but they give a lot of advantages to the holders within a particular ecosystem. For example, those holding utility tokens can have discounts for different services, they can use these tokens for paying services within the community, and can also be staked to generate rewards. 

Utility tokens also have value meaning that they can be traded to profit from the price movements. One of the best things about the utility tokens is their versatile use cases. It means that even if their value decreases they can still be useful for other purposes. For that reason they’re considering among the best altcoins to buy.

How We Reviewed the Best Utility Coins to Invest in

The cryptocurrency market is filled with thousands of different coins and tokens which makes it a hard choice to find the ones that can be profitable and safe. Below are some of the metrics we use when researching the market and recommending which coins to purchase in 2023. 

Use Cases

Having another useful purpose apart from being a tradable asset makes a cryptocurrency more valuable. People will buy it not only for trading purposes but also use it within its ecosystem which will increase the demand for it. Moreover, if the project that the crypto was created for becomes a well-established one and gains popularity within the Defi community it will attract more interest and attention. 

Past Performance

It is also crucial to take a look at the past performance of the cryptocurrency you want to purchase. You need to analyze its price movements and understand the best signals to buy it. Along with the market analyses, you should also take into account the fundamental analyses of the asset as long as its future projects and goals can significantly influence its popularity and value. 

Potential to Growth

In our recommendation list, we mostly included those tokens that have a lot of potential to grow in the future. Especially the first two tokens in the list – Lucky Block and DeFi Swap have rather market capitalization (#3217 – LBLOCK, and #4266 – DEFC), but their projects have a lot of room for growth and great service to offer in the future. So, if the projects succeed in accomplishing their goals, their values will rise as a result. 


Eventually, it is essential to invest in those assets that are backed by a promising team and stand out with their unique and innovative plans. You need to do a bit of research to make it clear if the cryptocurrency has a good development plan or if it is another scam that will burst shortly. All the tokens included in our list are analyzed carefully which indicates that they have strong plans and goals to bring innovations into their industries. 

Are Utility Coins a Good Investment?

First of all, we should note that all cryptocurrency investments involve a lot of risk because of being quite new in the market and have high volatility. However, some cryptocurrencies are riskier than others. These crypto-assets are just copies of another crypto project and are created for fun. They usually do not have sophisticated technologies or goals and can become viral for a certain period and then lose their value or crash. Meme coins are among such cryptocurrencies.

In contrast to them, utility tokens usually serve a particular purpose. They are developed to fuel this or that ecosystem and used within those networks for various purposes. They become the native tokens of more serious and revolutionary crypto projects. Consequently, they involve lower risks and the rewards are lower too compared to the risky investments. 

Still, utility tokens are excellent investments in long-term perspectives. The projects backing them need to develop over the years to prove their technology and be adopted by the community. It means that they are more stable, have more potential to grow, and have less probability of crashing in the future. 

Where to Buy and Trade Utility Coins?

Cryptocurrencies are supported by several brokerage platforms and crypto exchanges that are available worldwide. To buy or sell utility coins you must have a verified account with the broker of your choice. eToro is one of our most recommended brokerage platforms to buy or sell utility tokens as it supports most of the tokens included in our recommendation list and it charges fairly low trading fees.

eToro is a leading broker in the industry with millions of customers from more than 100 countries. This is due to the extremely user-friendly interface and cost-effective trading fees which make eToro an excellent place to invest in utility tokens. The platform is a commission fee and the only trading fees eToro charges are the differences between the buy and sell prices. Additionally, it does not take any deposit fees and the withdrawal fee is quite low.

One of eToro’s excellent features is its social trading platform with multiple trading tools. Such popular tools as CopyTrader or CopyPortfolios enable the users to mirror the trading portfolio of an expert trader with a few simple steps. Both social trading platforms and the tools are completely free and you do not need to pay extra management fees to use them.

The broker guarantees the safety of your trading and protects your account from fraud with top-notch security features. Plus, it is regulated by several top-tier institutions which makes eToro quite a trustworthy and reliable platform. 

How to buy Utility Coins – Step by Step

After learning about utility tokens you may be wondering about how to buy utility coins through a crypto platform of their official site. In this section, we will walk you through the whole process and explain step-by-step what you need to do. 

For MANA, APE and various other utility tokens visit eToro and sign up for a free account on the platform. The eToro registration process is straightforward and involves providing such details as your name, surname, address, phone number, email, and creating a password. 

Once all the details are registered appropriately, you can get to verify your account. For this purpose, you will need such documents as your passport, ID, or driver’s license and a bank document with your address or a utility bill. 

Step 1. Register for an Online Account with eToro

Fund Your Account

To fund your eToro account you have several options – credit or debit card, wire transfers, Neteller, Skrill, Paypal, etc. Click on the “Deposit” button to select one of these methods and deposit some money into your account. eToro does not charge deposit fees for funding your account but a small conversion fee is taken for non-USD transactions. 

Step 2. Deposit Funds on Your Account

Search the Cryptocurrency, and Analyse the Coin

Now you have all the necessary things to purchase your selected utility tokens – a verified account and funds on it. What you need to do is to browse the cryptocurrency section to find the coins you want to buy or simply type its ticker in the search toolbar. 

Step 3. Search the Cryptocurrency and Buy It

Place an Order

Once you find the cryptocurrency you want to buy, eToro will show you a news feed dedicated to that asset. You will also find some charts, graphs, news, and other tools which can help you to do one last research before buying it. When you are sure about making the purchase, click on the “Trade” button and fill in the necessary boxes to place the order. 

Where to Trade Utility coins?

For crypto trading, you will need a reliable, versatile, and quick-to-operate brokerage platform. Additionally, you had better select a broker that charges low trading fees not to lose a part of your capital on fees every time you buy or sell an asset. Below we have included the best platforms to trade utility tokens after thorough market research.


In a nutshell, there are a number of utility tokens that were founded to serve the ecosystems of promising blockchain projects. These projects mostly belong to the decentralized exchange, gaming, virtual worlds, NFTs, and other ecosystems and have a lot of potential to succeed in what they are planning to do. 

Wall Street Memes, ApeCoin, Binance Coin and Decentraland are a few examples of such projects which are worth considering as an investment. These tokens are not only used for trading but have more serious purposes above it – they are used to fuel their networks. You can buy and trade these cryptocurrencies on crypto exchanges and brokerage platforms and eToro is one of the leading platforms that support many of these crypto assets. 

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What is a utility coin in the crypto market?

A utility token is a type of cryptocurrency that can have several use cases within a particular ecosystem. For instance, LBLOCK is the utility of the Lucky Block platform through which you can participate in decentralised lottery games and earn rewards through yield farming.

Can I trade utility tokens?

Yes, utility tokens are listed on several major crypto exchanges, hence you can easily buy and trade them through an online account.

What is the difference between utility and security tokens?

If you have a security token it means you own a stock of the company. So, a utility token is a share of a certain company that is tokenized. In contrast, a utility token does not represent a share but it grants you some rights within an ecosystem.

What are the best utility coins to buy right now?

The best utility coin at the moment is Wall Street Memes. This token has a strong community backing, which means that it may have a critical utility soon.

What is the purpose of utility tokens?

Utility tokens are created to fuel a particular ecosystem and enable holders to do some actions within that ecosystem. For example, they can be used to pay for transaction fees, stake and generate rewards, buy in-game items, etc.

How can I buy utility coins?

To buy utility tokens you must register for an online account with a trustworthy brokerage platform, deposit some funds and make a purchase.

What is the total market capitalization of utility coins?

From the list of the utility coins that we recommend investing in, Binance Coin has the highest market cap and is the 5th largest cryptic with the market cap. In contrast, DeFi Swap and Lucky Block fall behind with their market cap and have below #4000 and #3000 rankings on the charts.