15 Best Penny Cryptocurrency to Buy for 2023

Many cryptocurrency investors have considered the best penny cryptocurrency to invest in at some point. Low-price cryptos can be defined as digital assets that cost less than $5 per token – based on equivalent SEC guidelines on equities.

In this guide, we analyze the best penny crypto to buy on a budget. We also take a closer look at how to buy the most promising penny cryptocurrencies in a few beginner friendly steps.

We would argue that each of the above-mentioned digital currencies is a worthy addition to any investor’s portfolio.

However, you’ll find further information on these penny cryptocurrencies with high potential next – to help you make an informed decision.

A Closer Look at the Top Penny Cryptocurrency to Invest in

When you invest in cryptocurrency in the US – the process is a fairly simple affair these days.

It’s selecting the right tokens that can be challenging, not to mention picking the best platform to access your chosen digital assets.

Let’s start by providing you with further information on the best penny cryptocurrency to invest in. After that, we’ll go into more detail about how and where you might complete your purchase.

1. Meta Masters Guild – Overall Best Penny Cryptocurrency for 2023

Our top pick for the best cryptocurrency to invest in 2023 is $MEMAG – an ERC-20 token and the native cryptocurrency of Meta Masters Guild. The token will be leveraged to run Meta Masters Guild’s Web3 gaming ecosystem and can also be used for staking benefits within the ecosystem. Having just released MEMAG on stage one of a seven-round presale, Meta Masters Guild offers the token at only $0.007.

Once the presale ends, Meta Masters Guild will look to roll out three exciting mobile-based crypto games it is currently developing. Within the gaming ecosystem, players earn rewards in the form of Gems. This is an in-game cryptocurrency which can be collected and swapped for MEMAG.

The Meta Masters Guild whitepaper states that Gems will be rewarded to the highest performers and can be collected within the games. Community members can also earn rewards by participating in gaming development and developing other in-house content.

This penny cryptocurrency will power Meta Masters World – the upcoming metaverse of Meta Masters Guild. Currently, in the concept/delivery stage, the metaverse is expected to be an open-world ecosystem where players can enter into NFT avatars. Meta Masters Guild is developing a PvP racing game in collaboration with Gamearound, a big Web3 developer. Titled ‘Meta Kart Racers’, this racing game is expected to release its Alpha version by Q2 2023.

Players can also buy in-game NFTs from the online store and compete in ‘NFT Raid’ – an NFT Fantasy fighting game. This project will allow one to compete against various warrior classes in different environments. With these decentralized projects expected to be released in the coming years, $MEMAG is already cementing its popularity.

In a few days since the presale release, the platform has collected over $133K. One of the reasons for this is also attributed to the presale pricing. 350 million tokens will be allocated over seven rounds, with MEMAG progressively increasing in price. For instance, MEMAG is priced at just $0.007 but will rise to $0.023 by the seventh round. Thus, players can buy $MEMAG before the price soars by 228%.

The table above details the $MEMAG price and tokens allocated for each of the seven presale rounds.

To learn more about this gaming cryptocurrency, join the Meta Masters Guild Telegram Channel. 

2. Fight Out – Top Move-to-Earn Cryptocurrency Rewarding Workouts

$FGHT is the native token of Fight Out, a move to earn platform rewarding users for maintaining a healthy lifestyle. The token is currently in presale and priced at $0.016. The good news is that this asset will retain its value throughout the presale.

Investors have limited time to buy this low-priced asset that will have only 10% of  its total supply of tokens allocated to exchanges.

Not only are 90% of the tokens available during the presale, but they’re also likely never to be valued at this low price again. Once $FGHT tokens are listed on exchanges, investors will rush to scoop up the remaining coins, and increase the price in the process.

Fight Out rewards users with in-app currency REPS for completing workouts, growing the community and earning badges. Users can also use REPS reward tokens for paying their subscription to the platform or buying Fight Out merchandise or booking a remote session with a trainer.

Users can accumulate more REPS by using $FGHT tokens to buy more. Another advantage of these tokens is that they can be redeemed for access to Fight Out gyms, which will be located in major cities globally.

Fight Out enables users to customize their workouts and focus on their specialties while having access to tutorial videos showing them how exercises are performed.

As users increase their strengths, it gets transferred to their avatars. Users use their strong avatars to gamify the fitness experience by entering the metaverse and putting their avatars into battles against other players to earn more tokens.

Investors can receive the latest alerts about this coin via the Telegram group. More information about the project is available on the Fight Out whitepaper.

Before this token potentially takes off on exchanges, investors should buy $FGHT tokens while it’s still a penny crypto.

3. C+Charge (CCHG) – Undervalued Penny Crypto Rewarding EV drivers with Carbon Credits

With a mission to provide real-world utility and improve the environment, C+Charge is set to revolutionize the EV charging payments industry.

C+Charge has already raised over 32,000 USDT so far within just a few days of its presale launch. Buyers can still buy the tokens at a presale price of merely 0.013 USDT per token. The prices are expected to rise further as the project progresses through its presale stages.

C+Charge has redefined the EV charging ecosystem by solving critical issues in the industry. EV owners have an opportunity to earn carbon credits by simply using $CCHG for paying the charging fees.

Users can also store the C+Charge tokens and carbon credits in their crypto wallets conveniently. Moreover, the platform has created a best-in-class app for EV drivers that enables users to track their carbon credit balances. Users can also keep a track of real-time information relating to waiting times at charging stations, pricing, and so on.

The project’s app also has a geolocation feature that enables EV owners to search for the nearest charging station. Buyers should read the platform’s whitepaper to get a detailed understanding of its numerous features.

$CCHG Tokenomics

C+Charge’s native token $CCHG is central to its ecosystem. It is a BEP-20 token with a limited supply of 1 billion. From its total supply, 40% of the tokens are available for purchase via the project’s presale stages.

Whenever an EV driver uses $CCHG tokens to make payments for charging the EV, $CCHG will be taken out of the platform’s ecosystem. Thus, this would make the C+Charge tokens deflationary while keeping their demand intact in the coming times. Traders can buy C+Charge tokens at a relatively low price of 0.013 USDT per token at press time. Buyers should also consider joining the platform’s Telegram channel to always stay updated.

4. RobotEra – New Metaverse Penny Cryptocurrency with Presale Launched in November

RobotEra is a metaverse gaming platform that aims to integrate NFT protocols and in-game earning methods by leveraging TARO as its native cryptocurrency.

Just as metaverse tokens such as The Sandbox have provided 1,000x returns during ICO (initial coin offering), RobotEra aims to achieve similar highs through the TARO presale.

Launched in November 2022, TARO is offering 270 million tokens on presale – which represents 15% of the total token supply (1.8 billion) – and has already sold more than $200,00o of tokens.

With TARO, investors can take part in RobotEra’s planet-like metaverse ecosystem as Robots.

These Robots are minted as NFTs on the Ethereum blockchain and feature a limited supply of 10,000. There are 7 different Robot NFTs – which exist on 7 continents on the Taro planet.

A player can access the ecosystem by purchasing a Robot NFT and gain access to Land NFTs, digitally created museums and mining activities to earn rewards.

Players can build on their metaverse plots of land and monetize it in a variety of ways, from selling tickets to events to selling structures and billboard space to advertisers.

An ERC-20 token, TARO can be staked to take part in the decentralized autonomous organization (DAO). The RobotEra DAO allows players to make decisions on the in-game developments and distributes power to the players of the platform.

While large cryptos like Bitcoin have corrected in 2o22, crypto presales are becoming increasingly popular due to their high-growth potential. TARO is currently on round one of its three-stage presale, trading at $0.020.

This is the best time to purchase this penny token since the price will eventually rise to $0.032 by the final trading round.

Read the RobotEra whitepaper and join the RobotEra Telegram channel to stay updated with this new penny cryptocurrency.

5. IMPT – Best Penny Crypto to Buy for ESG Investors with Upcoming Uniswap IEO

IMPT is a crypto project that has raised more than $20.5 million and is now set for its IEO on major decentralized exchange Uniswap on 14 December 2022.

Investors have flocked to IMPT as it is promising to offer a blockchain-based solution for one of the most pressing issues of our time – the climate crisis.

Leading centralized exchanges LBank and Changelly Pro also have listings confirmed. Trading opens on LBank on 14 December at 10:00 UTC.

While many new projects run out of steam as the weeks roll by when they fail to provide a real reason for existing, IMPT wants to use blockchain technology to help individuals and businesses help ease climate change and is easily one of the most eco-friendly crypto projects.

They will do that with users acquiring carbon credits, either while shopping or by buying them, with more than 10,000 retail brands and businesses – some globally recognizable such as Microsoft, GameStop and LEGO – having already agreed to partner with the project.

The carbon credits, which are permits that equal one ton of CO2 emission, can be used help a variety of pre-approved and vetted environmental projects, but will also have value in themselves and can be sold or held. They can also be retired, with those who retire the credits receiving unique NFTs in return.

IMPT is also ready to develop a global score that will allow users to track how impactful their activities are on helping the environment and to encourage individuals and businesses to do more. Built on Ethereum – one of the most environmentally friendly blockchains after the Merge – the project, which has a doxxed team with years of senior experience at global telecoms and commerce firms, sold out its first phase of allocated tokens a month ahead of schedule.

CoinCodex.com and CryptoPresales.com are independent rating sites that have rated IMPT as one of the best crypto projects of the year.

IMPT’s low entry point and unique, real-world use case is likely to see it become one of the top new upcoming ICOs of 2023. Read through the IMPT whitepaper and join the Telegram group for the latest news and information.

6. Tamadoge – Exciting Penny Crypto Pumping on Exchanges

Another top best penny crypto asset to invest in is Tamadoge (TAMA) – the native cryptocurrency of the Tamaverse. This play-to-earn game allows users to breed and create Tamadoge pets. Users can battle each other in order to climb up monthly leaderboards and eventually earn rewards in TAMA.

On September 18, Tamadoge completed its presale round after collecting $19 million. Despite being in a bear market, the token managed to sell out its 90-day presale round in just eight weeks and the coin went on to pump on exchanges, reaching near-2,000% gains for early investors.

The penny crypto is a multi-utility token, with a maximum supply of 2 billion tokens. With TAMA, users can purchase Tamadoge NFT pets on the Tama store – the main avatars of this decentralized ecosystem.

One of the advantages of TAMA is that it is a deflationary asset. Unlike Dogecoin, which has increased its maximum supply from 100 billion to 132 billion tokens, TAMA will reduce its current supply in the long run. Whenever players purchase items from the Tama store, 5% of all Tamadoge spent is burnt. Furthermore, 30% of the tokens spent will be used for marketing purposes, while the remaining 65% is distributed among the P2E prize pools as rewards.

While 50% of the token supply was available in the presale, another 20% of TAMA has been reserved for future listings on decentralized and centralized exchanges.

According to the platform’s roadmap, Tamadoge is expected to create strategic partnerships with multiple metaverse projects in the coming years. With the Tamadoge team looking to deploy augmented reality (AR) apps and initiate website launches in the coming years, this can be one of the best penny cryptos to buy now.

It has remained in the meme coin top 10 since launch and appears primed to pump when wider market conditions improve, with Tamadoge due to see a number of major releases in its ecosystem in 2023.

7. Battle Infinity (IBAT) – Overall Best Crypto Under a Penny That Will Explode in 2023

Investors looking for another crypto under a penny should look no further than Battle Infinity. This exciting new metaverse-based ecosystem looks set to make waves in the crypto market, thanks to numerous play-to-earn (P2E) elements that offer users an opportunity to produce a regular income stream. Moreover, with NFTs also being integrated, Battle Infinity is a true ‘all-in-one’ platform – that has already been KYC-verified by CoinSniper.

A total of six components make up the Battle Infinity experience, each offering a unique way to generate income. These include a dedicated crypto staking mechanism (completed with solo/duo staking) and a built-in NFT marketplace. There’s also a ‘game store’ that will feature numerous NFT-based games, complete with their own P2E features.

Battle Infinity will also offer a unique fantasy sports league experience hosted on the blockchain and with NFT integration. Users can earn rewards through skilled gameplay denominated in $IBAT – Battle Infinity’s native token. There will be a total supply of 10 billion $IBAT, with an ‘autotax’ feature charging a small amount on each token transaction that will be used within various elements of the ecosystem.

All Battle Infinity’s components will integrate with a rich virtual world called the ‘Battle Arena’. Users can create fully customizable avatars within this world and connect with other users, providing scope to team up and tackle challenges together.

Battle Infinity is continuing to develop along its roadmap and its wider ecosystem make it a top pick for the best penny cryptocurrencies to invest in this year.

With the platform’s recently launched Telegram group already beginning to grow (remember admins will never DM you first), this crypto under a penny looks likely to garner a great deal of attention going forward.

8. The Hideaways – Fractional Ownership in Luxury Real Estate

The Hideaways is a fantastic method of entering the convoluted luxury real estate market that often carries high barriers to entry. And when you consider you can invest from anywhere in the world and get 20% APY passive income – it seems a no-brainer to keep on reading.

The project uses NFT technology to provide fractional ownership in the property market for holders to earn passive income and benefit from the property portfolio’s capital appreciation.

The project is the world’s first luxury real estate investment platform that allows users to invest in a fully managed portfolio of luxury real estate. Every NFT minted from Hideaways is backed by luxury property, meaning that the minimum value of the NFT is always tied to the value of the physical property itself.

The NFT is then broken into little pieces to allow investors to have fractional property ownership with a minimum investment value of as little as $100, greatly reducing the barrier to entry into the real estate market. As the properties are tied to the NFTs, holders can gain exposure to the global real estate market and the secondary NFT market.

Furthermore, holding the NFT also generates passive income through rental yield – similar to what you would expect from the traditional real estate market.

Each property is purchased through a Special Purpose Vehicle (SPV) with its own bank account that receives rental income. Once the expenses are deducted, the rental profit is distributed monthly to the NFT holders, depending on their own share of the property.

Ownership of the NFTs also provides holders with access to Club Hideaways, which comes with a plethora of benefits, including:

• Monthly prize draws
• Discounted access to worldwide travel experiences
• Lounge access
• Win all-inclusive holidays

The benefits are distributed according to membership tiers, depending on the initial investment value.

For example, the Diamond Membership tier requires a minimum investment of $50,000. Some of the top benefits for this tier include the two-week complimentary 5* holiday and a free private jet flight each year.

The Hideaways is currently hosting a presale for its HDWY token, which provides staking returns, investment discounts, and membership rewards. Furthermore, the first batch of luxury properties can only be purchased using HDWY, so you will need to participate in the presale to have the chance to purchase your first fractional NFT.

We would recommend saving some of the $HDWY as we expect this to reach the top 20 crypto market cap in the next 2-3 years, making it one of the best penny cryptocurrencies to invest in the long term.

9. Lucky Block – Top Crypto Under a Penny with Crypto-Gaming Aspirations

Lucky Block was only released in January 2022 but is shaping up to be an option for the best crypto under $1 that could explode. Let’s explain what makes this the top penny cryptocurrency for 2023.

It’s a crypto games and competitions platform where ‘everyone’s a winner’ in prize draws, using distributed ledger technologies, blockchain enables for speedier, typically immediate, transactions. Not to mention the comprehensive documentation and monitoring, regardless of the amount of prize money won in games.

Furthermore, blockchain verifies both players and tickets, lowering the risk of tampering, or destruction of data loss. The costs of running traditional prize pools are significant, which usually has an influence on the payouts and the revenue needed for distributing prizes.

It goes without saying, but if a games platform can save expenses, more money is available for technical advancements and bigger rewards – both of which benefit participants. Lucky Block will shorten prize draw durations and allow numerous games to be carried out every day, increasing players’ chances of winning, while cutting expenses.

Low margin operations will also allow players to participate in whichever of Lucky Block’s competitions match their risk appetite for greater chances. Lucky Block has also developed a non-fungible token (NFT) series, which is limited to just 10,000. As well as being one of the best new NFT projects, it should be a great addition to anyone’s trading portfolio as our top crypto under a penny that will explode.

Lucky Block is offering market-leading prizes that currently includes luxury holidays, a $300,000 Lamborghini, a $1 million house and $1 million of bitcoin.

The project also launched its V2 token – built on Ethereum and eliminating the 12% transaction fees of the V1 token – which is now listed on a number of exchanges with more to follow.

LBLOCK V1 holders can convert to V2 on October 3 when a bridge goes live, while there will also be a 1% monthly burn from September 30 to drastically cut supply and make it one of the best penny cryptocurrencies to invest in for the future.

10. DeFi Coin – Best Community-Driven Penny Cryptocurrency to Invest In

DeFi Coin is an entirely community-driven project that is easily one of the best penny cryptocurrencies to buy right now. This penny crypto was launched in July 2021 with the aim of boosting the decentralized finance (DeFi) ecosystem. The number of platforms listing DeFi Coin is increasing.

The amount of DeFi Coin tokens available will be limited to a hundred million. So how does it work? Reflections, manual burns, and LP acquisitions are all used by the DeFi Coin project. These features are designed to keep the DeFi Coin ecosystem alive and well.

The DeFiCoins.io website is powered by this token. DeFi Coin is built on top of the Binance Smart Chain. This allows the project to take advantage of the blockchain’s fast transaction speeds and low gas prices.

DeFi Coin will also let users participate in the swapping of collectibles as well as exchanging NFTs. Everyone who executes a trade pays a 10% transaction fee to the network, incentivizing users to hold onto their DeFi Coin for as long as they can.

The objective of doing this is to reduce volatile price swings. The first half of the transaction fee is returned to DeFi Coin holders, while the remaining 5% is held in reserve to provide liquidity for decentralized exchange services.

Buying and holding DeFi Coin tokens has a number of advantages, one of which is the ability to collect dividends through a fixed reward structure. Essentially, if you invest in this cryptocurrency, you have the capacity to continually increase the amount of DeFi Coin tokens you own. If you’re looking to buy the best DeFi coins refer to our guide for more analysis.

11. Chiliz – Best Penny Crypto for Sports and Entertainment Tokenization

Chiliz is a subsidiary of Mediarex Group, a multinational sports and entertainment company created in 2006. After almost two years of innovation and development, the team minted 8.8 billion Chiliz tokens in October 2020. At the time of writing, Chiliz has a market cap of around $1.4 billion, making it one of the cryptos with the highest potential.

Investor interest in tokens tied to entertainment businesses seems to be on the rise in general. So how does it work? Users may engage in the blockchain platform by actively exchanging Chiliz for ‘Fan Tokens’. As such, this is the best penny cryptocurrency to buy for people who want to invest in sports tokenization.

The Chiliz team created the Socios platform, which is based on the Chiliz blockchain architecture. It is on this platform that the native Chiliz token runs. This sports fan interaction platform contains a variety of polls that deliver the most up-to-date information while also bridging the gap between sports teams and fans.

For operation, it has its own mobile application. All you have to do is download the app from your Android or iOS app store and you can swap Chiliz tokens for Fan Tokens. You will also be able to vote in polls run by teams using them. Chiliz 2.0 should enable the trading of NFTs and other digital assets, as well as offer transaction gas fees that are at least 500x lower than Ethereum.

Cryptoassets are a highly volatile unregulated investment product. 

12. XRP – Buy Established Large-Cap Penny Crypto 

Ripple is a payment protocol that processes international money transactions using blockchain technology. It has worked with hundreds of financial institutions that use its technology. Ripple’s goal is to provide incredibly fast processing times and minimal transaction costs.

The company’s native cryptocurrency, XRP, was launched in 2012 and is one of the best penny cryptos to buy right now. 100 billion XRP tokens were created prior to its launch. Ripple put 55 billion XRP into an escrow. It also set up smart contracts to release 1 billion XRP each month. At this time, this popular penny crypto has a market capitalization of around $37.5 billion.

Ripple can sell as many tokens as it wants when they’re released in order to raise funds, and unsold tokens will be placed in a new escrow. To verify transactions, the XRP cryptocurrency employs a consensus system. Validators check proposed transactions against the most recent version of the XRP ledger and accept the ones that are valid.

For a transaction to be confirmed, it must be accepted by the majority of XRP validators. A typical XRP transaction takes five seconds to complete. As a bridge currency, XRP tokens can be utilized by financial firms to exchange currencies at a lower cost. They can also use XRP instead of fiat currencies. Moreover, even at the token’s all-time highest price, the transaction cost was just 0.00001 XRP.

Cryptoassets are a highly volatile unregulated investment product. 

13. Shiba Inu – Best Penny Crypto with ‘Meme Coin’ Potential

One of the best low cap crypto gems on the market is Shiba Inu (SHIB). Most crypto investors will have heard of this token as it burst onto the scene in late 2021, following the incredible rise of Dogecoin. Like Dogecoin, SHIB was designed to appeal to retail investors – yet ended up catching the attention of the mainstream media.

Between September and October 2021, the SHIB price rocketed by nearly 1,400% as it gained traction on various social media platforms. Although the coin couldn’t maintain these heights, Shiba Inu still has huge backing on Reddit and can often provide double-digit returns on certain days due to its low price.

The main thing holding Shiba Inu back is a lack of real-world use cases, although this looks to be rectified by the launch of ShibaSwap – the native DEX of Shiba Inu. This marketplace offers token swapping, liquidity pools, and even an NFT trading platform. All in all, if more utility can be added to the coin, it would undoubtedly lead to a more optimistic Shiba Inu price prediction for many investors.

Cryptoassets are a highly volatile unregulated investment product. 

14. Cardano – Top Third-Generation and Highly Functional Penny Crypto

Cardano was created in 2017 and is one of the top cryptocurrencies by market cap. At the time of writing, Cardano has a market capitalization of over $37 billion. The maximum supply of Cardano tokens is 45 billion. Cardano is also a highly functional digital currency.

This penny crypto was created as a next-generation evolution of the Ethereum concept. The Cardano blockchain is a sustainable, scalable, and flexible platform for running smart contracts. This makes way for the creation of a variety of decentralized finance apps, games, new crypto tokens, and more.

Cardano aspires to be the most environmentally-friendly blockchain platform available. Instead of the energy-intensive proof-of-work approach used by the likes of Ethereum, it employs a unique proof-of-stake consensus process called Ouroboros. Cardano also intends to decentralize entirely.

This will be achieved by implementing community-driven governance, in addition to an automated treasury mechanism to fund the network’s development. This is possibly the best penny crypto to buy for those who believe the world will move towards a decentralized future.

This is because, with such a large market cap, this digital currency is likely to be reactive to market prices. As such, Cardano should grow along with the broader crypto market. ADA went up 50% after we made this Cardano price prediction.

Cryptoassets are a highly volatile unregulated investment product. 

15. Basic Attention Token – Great Penny Crypto for Long-Term Investors

Basic Attention Token has been around since 2017 and is a great choice for long-term investors. At the time of writing, Basic Attention Token has a market capitalization of 1 billion dollars. The maximum supply of this penny crypto is 1.5 billion tokens. This crypto project also serves a purpose.

Put simply, Basic Attention Token is a blockchain-based system that uses the Brave web browser to track media users’ attention and time on websites. The tokens are transferred between users, publishers, and advertisers. As such, Basic Attention Token acts as the reward unit in this advertising ecosystem.

Its purpose is to share advertising money effectively between marketing agencies, publishers, and users of online material and adverts, and it is built on Ethereum. Crucially, a small percentage of this funding goes to advertisers, while 70% is distributed to users.

As a result, the intermediaries that traditionally drive up advertising prices are removed from the equation to increase cost-efficiency. As such, this is one of the best penny cryptocurrencies to add to your portfolio.

Cryptoassets are a highly volatile unregulated investment product. 

What is Penny Crypto?

Penny cryptocurrencies, like equities, trade for a few cents or less than $5 per unit. They are inexpensive to invest in despite being high-risk ventures, which is what makes them so attractive to crypto traders.

Today we have reviewed the best penny cryptocurrency to invest in right now. However, you should always make sure you have conducted plenty of research yourself before risking any of your hard-earned cash on the cheapest crypto.

Is Penny Crypto a Good Investment?

The best penny crypto to invest in should have the ability to grow in value over time. Otherwise, it’s illogical to add it to your portfolio.

Below we discuss some of the reasons you might elect to buy the top penny cryptocurrencies for 2023 :

You Don’t Need to Have a Big Account Balance to Buy Penny Crypto

One of the most obvious advantages of learning how to buy penny cryptocurrencies is that you don’t need to have a big account balance.

That is to say, with all tokens coming in at less than $5, you could invest in hundreds of different cryptocurrencies for less than the cost of a single Bitcoin or Ethereum, for example.

The minimum deposit on regulated crypto platform eToro.com is just $10 for US and UK traders, and slightly more internationally.

Buy the Best Penny Stocks to Diversify Your Portfolio of Investments

As well as the cost-effective nature of buying penny crypto, you can also minimize risk by not allocating hundreds or thousands of dollars to a single speculative asset.

As such, although there is still a risk, you don’t have to put all of your eggs in one basket. It’s easy to build a diverse and well-rounded portfolio of digital currencies, and with very little cash outlay.

eToro is an online brokerage that offers the top penny cryptocurrency of 2023 we talked about today.

There are also tons of others, with super low commissions and you can risk as little as $10. You can also access penny cryptocurrency stocks with 0% commission.

How to Buy the Top Penny Crypto – MEMAG Guide

Our recommendation for the best penny cryptocurrency to invest in is MEMAG.

• Step 1 – Create a Cryptocurrency Wallet: Download a crypto wallet such as MetaMask and connect to the Meta Masters Guild website. 
• Step 2 – Buy ETH/USDT and Connect Wallet: MEMAG can be swapped with other ERC-20 tokens such as USDT or Ethereum. They can be purchased from a suitable crypto exchange and transferred to your respective crypto wallets or bought directly from Meta Master Guild’s website via Transak. After buying the tokens, head over to the website and click on ‘Connect Wallet’.
• Step 3 – Buy MEMAG: After connecting the wallet, choose to purchase MEMAG with either Ethereum or USDT. Select the number of tokens you wish to buy, and complete the process by selecting ‘Convert’.
• Step 4 – Claim MEMAG Coins: After the Meta Masters Guild presale concludes, traders can access their tokens from the platform’s website.

Cryptoassets are a highly volatile unregulated investment product.

Where to Buy Other Penny Cryptocurrencies

If you are interested in buying some of the other penny cryptocurrencies that we mentioned today, eToro is the overall best place to complete your investment.

Here’s why:

eToro – Best Place to Buy Penny Crypto in 2023

eToro is the overall best place to buy penny crypto in 2023 – as the platform offers a slew of benefits. The trading costs are low at eToro, not least because you will pay a mere 1% to buy and sell any cryptocurrency of your choosing. eToro offers access to 59 cryptocurrencies, as well as numerous other assets.

If you feel comfortable with the idea of buying penny crypto and storing it in a wallet, there’s an app for that. The eToro Money wallet comes in the form of a crypto app and safeguards your investments with a range of security features. This includes standardizations protocols, DDoS Protection, sophisticated signature mechanisms, and more.

This broker serves more than 25 million traders and is regulated by multiple regulators, which include the SEC and the FCA, among others. The aforementioned crypto wallet is regulated by the GFSC. The main trading platform is really simple to use and navigate.

Furthermore, investors who don’t feel comfortable looking after a wallet and private keys can keep things simple by opting to buy penny cryptocurrencies on the main platform. In this case, when you’ve placed an order, eToro will add the tokens to your portfolio, which is accessible any time you log into your account.

It’s also super easy to cash out as the broker simply buys the tokens back. The minimum stake is $10 at eToro. If you later decide to invest in pricier assets, the same applies as the broker supports fractional trading. You can also access stocks and ETFs with 0% commission if you wish to diversify later.

You can take a hands-off approach to trade if you wish. eToro offers smart portfolios focused on cryptocurrencies. This means you are able to allocate funds to a carefully selected basket of tokens. There are 12 to choose from, and plenty more focused on other markets.

Copy trading is one of the most popular features at eToro and copy traders made an average 30.4% return on investment (ROI) last year. Choose a pro whose preferred market is cryptocurrencies and invest some of your funds in that person. Each time they buy or sell cryptocurrencies, it will be mirrored in your portfolio, in proportion to the amount you allocated.

Payment options are plentiful and include e-wallets like Skrill, PayPal, and Neteller. You can also finance your crypto investments using a credit/debit card, wire transfer, or traditional online banking. As a US client, there are no deposit fees to pay.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Latest Penny Crypto News

Finally, let’s take a quick look at some important penny crypto news events for the week beginning January 30th 2023 – ensuring you’re up-to-date with the latest goings-on:

• Solana-based DeFi protocol Friktion has decided to shut down, citing “a tough market for DeFi growth” as the key reason. Friktion’s users can still withdraw their funds but can no longer use the protocol’s services.
• Kevin Rose, one of the founders of the super-popular Moonbirds NFT collection, has been the victim of a cyberattack. Rose apparently was the target of a phishing scam, which saw over $1m worth of NFTs stolen from his wallet.
• Finally, Cardano was in the news after the network suffered a major outage, with around 50% of nodes going offline. This event was apparently caused by a “transient anomaly”, with the network suffering no lasting negative impact.

Conclusion

In this guide, we analyzed the best penny crypto to buy as well as blockchain-focused stocks as alternative ways to invest in the industry. In terms of how to buy penny cryptocurrencies, we recommend regulated platform eToro.

We consider one of the best penny cryptos to be MEMAG – the native cryptocurrency of Meta Master Guild’s Web3 gaming ecosystem. Currently priced at $0.007 during its first presale round, the price will increase by 228% by the end of the presale.

Meta Masters Guild - Next Big Crypto Game

Our Rating

• Backed by Leading Game Studios
• Early Round Presale Live Now
• Low Hard Cap, No Vesting
• Playable NFTs, Rewards, Staking
• Solid Proof & CoinSniper Audited

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FAQs

What are penny cryptos?

Penny cryptos are digital currencies that are trading at a value lower than $5. 

What is the best penny crypto to buy right now?

The all-around best penny crypto is Meta Masters Guild (MEMAG). Some other stand-out penny crypto tokens include FGHT, RobotEra (TARO),IMPT, Tamadoge, Lucky Block, Battle Infinity, DeFi Coin, Chiliz, XRP, Ren and Cardano. 

Where can I buy penny crypto?

You can buy penny crypto at an exchange platform, or via an online brokerage. eToro is a regulated online brokerage where you can buy cryptocurrencies with low fees. US clients pay nothing in deposit fees and there are tons of payment types to choose from, as well as thousands of assets.

How do I buy penny cryptocurrencies?

The easiest way to buy penny cryptocurrencies is by signing up with eToro, depositing some funds, and placing a simple buy order. The broker will add the tokens to your portfolio which you can access with ease at any time.

Which penny crypto has the most potential?

We analyzed the best penny cryptocurrency to invest in and found Meta Masters Guild (MEMAG) to offer the most potential. The token will rise by 228% throughout its ongoing presale, and can be used to take part in multiple mobile-based Web3 games.

  This article was written for Business 2 Community by Kane Pepi.
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Author: Kane Pepi

Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain. Expert niche subjects include asset valuation and analysis, portfolio management, and the prevention of financial crime. Kane is particularly skilled in explaining complex financial topics in a user-friendly …

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