Best Blockchain Penny Stocks To Buy in November 2021 – How To Buy Blockchain Penny Stocks With 0% Commission

Fact Checked by Gary McFarlane

Over the last decade, the emergence of blockchain technology has enabled countless new projects to launch within the cryptocurrency world. However, if you are more interested in the equity markets, then there are still ways to gain exposure to this exciting sector – most notably, through investing in blockchain penny stocks.

In this guide, we’ll discuss the Best Blockchain Penny Stocks on the market right now. We’ll touch on the top blockchain penny stocks and what makes them so appealing before highlighting where you can invest in stocks today – with no commissions!

Table of Contents

How to Buy Blockchain Penny Stocks – Quick Guide

If you’re looking to buy blockchain penny stocks today – look no further! The four quick steps below will show you how to buy stocks with eToro – all in a matter of minutes.

  • Step 1 – Create an eToro Account: Click the ‘Join Now’ button on eToro’s homepage and provide a valid email address, along with a username and a password.
  • Step 2 – Verify your Identity: Upload proof of ID (copy of passport or driver’s license) and proof of address (copy of bank statement or utility bill).
  • Step 3 – Fund your Account: Deposit a minimum of $50 using a credit/debit card, bank transfer, or e-wallet.
  • Step 4 – Buy Blockchain Penny Stocks: Search for your chosen stock in the search bar and click ‘Trade’. Enter your position size and click ‘Open Trade’.

67% of retail investor accounts lose money when trading CFDs with this provider.

10 Best Blockchain Penny Stocks to Buy – Quick Overview

If you’re looking to invest in stocks within the blockchain sector, then it’s wise to get an understanding of what the top picks in the market are right now. Found below are our recommendations of the best blockchain penny stocks, with each reviewed in detail in the following section.

  1. BIGG Digital Assets Inc (BBKCF) – Overall Best Blockchain Penny Stock to Buy – Buy Now
  2. Hive Blockchain Technologies (HIVE.V) – Best Blockchain Penny Stock to Buy for 2022 – Buy Now
  3. MGT Capital Investments (MGTI) – Best Blockchain Penny Stock with a Low Price – Buy Now
  4. GreenPro Capital Corp (GRNQ) – Best Blockchain Penny Stock with Huge Upside
  5. Sphere 3D (ANY) – Best Blockchain Penny Stock for Crypto Mining
  6. DeFi Technologies Inc (DEFTF) – Best Blockchain Penny Stock for Beginner Investors
  7. SOS Limited (SOS) – Best Blockchain Penny Stock at a Discount
  8. BOTS, Inc (BTZI) – Best Blockchain Penny Stock with Exciting Services
  9. VanEck Vectors Digital Transformation ETF (DAPP) – Best Blockchain Penny Stock ETF
  10. Tokens.com (SMURF) – Best Blockchain Penny Stock with Huge Bullish Momentum

Best Blockchain Penny Stocks to Buy in USA

As you can see above, there is a diverse selection of companies to invest in within this sector. Let’s dive into each of these stocks in detail, ensuring you’ve got all the information you need to make an informed investment decision.

1. BIGG Digital Assets Inc (BBKCF) – Overall Best Blockchain Penny Stock to Buy

Taking the top spot in our list of the best blockchain penny stocks is BIGG Digital Assets Inc. BIGG Digital Assets is a Canadian company that develops search and analytics tools for blockchain platforms. In addition, the company works with government agencies and has developed a product called ‘BitRank Verified’, which provides a risk score for Bitcoin wallets. BIGG Digital Assets’ stock is currently trading around $1.18, although it was up at over $4 earlier in the year.

BIgg digital assets price chart

We like the look of BIGG Digital Assets as it provides a way of investing in cryptocurrency without purchasing the actual coins. The company’s fortunes are correlated with the rise of the crypto market; as more blockchain platforms emerge and grow popular, BIGG Digital Assets’ products will be in higher demand. Combine this with solid revenue growth over the past few quarters, and it’s clear to see why BIGG Digital Assets is our top pick in this area!

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Hive Blockchain Technologies (HIVE.V) – Best Blockchain Penny Stock to Buy for 2022

Hive Blockchain Technologies is a publicly-traded crypto mining company listed on the Toronto Venture Exchange. The company operates data centres in Canada, Sweden, and Iceland, which mine currencies such as Bitcoin and Ethereum. As such, investors who buy shares in Hive Blockchain Technologies are essentially gaining exposure to the growing blockchain sector – which looks set to produce significant gains in 2022.

hive blockchain price chart

Looking at the financials, we can see that Hive Blockchain Technologies made record revenues of $52.62m in Q3 2021, according to Reuters. This helped the company make an impressive $59.83m in net income, leading to a P/E ratio of 24.56. Overall, this company looks like it’s expanding at a rapid rate – meaning now could be a great time to get in while the price is low!

67% of retail investor accounts lose money when trading CFDs with this provider.

3. MGT Capital Investments (MGTI) – Best Blockchain Penny Stock with a Low Price

MGT Capital Investments is a Bitcoin mining firm that operates a facility in Georgia. Aside from cryptocurrency mining itself, the company also leases some of its space to other Bitcoin miners, creating a large campus of blockchain-based companies. MGT Capital Investments currently has a market cap of $12.76m and is trading at the super low price of $0.02 in the OTC market.

MGT capital price chart

This company is extremely small at present, only generating $244,000 in revenue during Q3 2021. However, the company is nearing profitability, as the net losses made over the past year have shrunk to only $374,000 in the most recent quarter. Looking ahead, although MGT Capital Investments is trading at a fraction of a dollar, this could be a good play if you believe in the future of blockchain technology and BTC mining – as the upside potential on this stock is enormous.

67% of retail investor accounts lose money when trading CFDs with this provider.

4. GreenPro Capital Corp (GRNQ) – Best Blockchain Penny Stock with Huge Upside

If you’re looking for one of the best companies to invest in with a foothold in the blockchain sector, then GreenPro Capital might be a great option. GreenPro Capital is a business incubator, meaning it provides training and funding to exciting startup companies to generate a return on its investment. Notably, the company has recently ventured into the crypto space, meaning investors can get indirect exposure to the blockchain sector.

greenpro capital price chart

GreenPro Capital operates a digital asset exchange called ‘CryptoSX’, which the company’s CEO wishes to make the leading STO exchange by the end of the year. The exchange is licensed by the Philippines government, providing access to a large potential client base in Asia. Finally, with the share price hovering around $0.87 (and having been up at $2.37 in early October), there are enormous amounts of upside if the company’s investments into the crypto sector can pay off.

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Sphere 3D (ANY) – Best Blockchain Penny Stock for Crypto Mining

Sphere 3D is a tech company that provides storage management solutions and cloud-based services, serving clients in various sectors, including education, healthcare, telecommunication, and more. CoinDesk noted recently that Sphere 3D and Gryphon Digital Mining, a ‘green’ BTC miner, would be merging to create one company. This has prompted much excitement about Sphere 3D, as two of Gryphon’s execs used to work at Riot Blockchain – one of the world’s largest crypto miners.

sphere 3d price chart

We like the look of Sphere 3D as it’s one of the best crypto penny stocks on the stock market that can provide exposure to the blockchain industry. The company made over $1m in revenue in Q3 2021 (for the first time this year) and is currently trading at $5.25 – down 56% from the massive spike in September. Going forward, Sphere 3D will continue to be sensitive to prices in the crypto market, so if you’re bullish on digital currencies overall, then this company may be worth considering.

67% of retail investor accounts lose money when trading CFDs with this provider.

6. DeFi Technologies Inc (DEFTF) – Best Blockchain Penny Stock for Beginner Investors

If you’re looking for one of the best stocks to buy for beginners within the blockchain sector, DeFi Technologies Inc is worth considering. DeFi Technologies Inc is a digital asset investment firm that focuses on the growing area of decentralised finance. One of the most appealing things about this company is that it allows retail investors to invest in DeFi projects without setting up a crypto wallet or holding private keys.

defi technologies price chart

Through the company’s exchange-traded products (ETPs), people can invest in various crypto projects in the same way that they’d invest in stocks. This innovative approach has seen the stock’s price rise by 670% since July, with the recent pullback providing a breather before further upside. With record revenues posted in Q3 and net loss levels decreasing, the signs all look positive for DeFi Technologies Inc to continue pushing upwards in 2022.

67% of retail investor accounts lose money when trading CFDs with this provider.

7. SOS Limited (SOS) – Best Blockchain Penny Stock at a Discount

SOS Limited is a China-based crypto miner with a foothold in blockchain technology and ‘big data’ analysis. The company’s share price rose an incredible 1054% in the first couple of months of 2021 before falling over 91% to today’s levels. This bearish sentiment has been caused by various factors, although the recent direct listing at a discounted share price has been the main one.

sos limited price chart

However, although this is a negative factor, there are some positive signs. Notably, the company raised $90m from the deal, which it will likely invest into its infrastructure. Ultimately this should lead to higher mining capacity and more significant revenues. Although there is still the looming threat of regulation in China, this stock is ideal if you’re happy to pick up a penny stock at a steep discount.

67% of retail investor accounts lose money when trading CFDs with this provider.

8. BOTS, Inc (BTZI) – Best Blockchain Penny Stock with Exciting Services

BOTS, Inc has had a pretty crazy year. The company’s share price rose by 793% in the space of a few days back in February before falling by around 95% to today’s levels. However, as the company has operations in Artificial Intelligence, Blockchain, and Cyber Security, it seems primed to take advantage of the increasing digitisation that we see across various industries.

BOTS inc price chart

Yahoo Finance noted recently that the company has filed a patent on its innovative way to distribute crypto dividends to the shareholders of publicly-traded companies. There is tremendous excitement over this approach, as it could disrupt how many companies reward shareholders. Going forward, if any companies decide to pay dividends in crypto, then the technology offered by BOTS, Inc will undoubtedly be in demand – which could lead to colossal share price gains.

67% of retail investor accounts lose money when trading CFDs with this provider.

9. VanEck Vectors Digital Transformation ETF (DAPP) – Best Blockchain Penny Stock ETF

If you’re looking for the best ETF to invest in with exposure to the blockchain sector, then the VanEck Vectors Digital Transformation ETF might be worth considering. Although this isn’t technically a ‘blockchain penny stock’, this asset can still offer you a way to benefit from the share price appreciation of companies involved with blockchain technology. This ETF seeks to track the performance of an index composed of companies involved in digital assets economies, with an expense ratio of only 0.50%.

VanEck digital transformation ETF

The VanEck Vectors Digital Transformation ETF hasn’t even been around for a whole year yet is already creating some impressive returns. The ETF has generated 11.39% over the past three months and has made 7.87% in the past month alone! Furthermore, this ETF has holdings in the US, UK, and China, ensuring your investment is diversified geographically. So, if you’re looking to invest in an ETF for exposure to various blockchain stocks, then the VanEck Vectors Digital Transformation ETF is worth considering.

67% of retail investor accounts lose money when trading CFDs with this provider.

10. Tokens.com (SMURF) – Best Blockchain Penny Stock with Huge Bullish Momentum

The final entry on our list of the best blockchain penny stocks is Tokens.com. Tokens.com is a publicly-traded company that creates blockchain technology for DeFi applications and NFT platforms. As such, the company is poised to benefit from the considerable advances in these areas that we’ve seen over the past year and has already become profitable in less than a year.

tokens.com price chart

Tokens.com’s earnings equated to an EPS of $0.05 in Q3 2021, which is impressive for a company this young. Furthermore, as Tokens.com allows staking in a beginner-friendly way, there will likely be more and more users of the platform as we head into 2022. Finally, the company’s share price reached an all-time high of 3.66 CAD in early November and seems to be returning to that level. If we see a break of this area, then that’ll provide added optimism that Tokens.com’s shares may soar higher in the months to come.

67% of retail investor accounts lose money when trading CFDs with this provider.

Are USA Blockchain Penny Stocks a Good Investment?

Now that you’ve got an idea of the best blockchain penny stocks, can they be considered a good investment? Much like investing in cryptocurrency, purchasing these stocks will come with much more volatility than established equities. This is because blockchain penny stocks are small-cap firms in the growth stage of their life cycle. As such, revenues are unpredictable and share price movements can be unstable.

However, if you are happy to accept the added risk, these stocks can provide the scope for far higher upside than most equity types. Penny stocks tend to trade for $5 or less, so they have an extremely low stock price by nature. Due to this, any significant price increase will likely net shareholders huge returns – for example, it’s not uncommon to see price increases of 500% or more in the space of a few weeks. So, although the risk level is very high, the potential rewards are high too!

How Do You Find the Best Blockchain Penny Stocks USA?

When you decide to buy stocks, there are various areas that you’ll need to consider. This is no different with blockchain penny stocks, as these assets can be very unpredictable. With that in mind, let’s explore three of the main factors to consider when researching these stocks.

Crypto Market Sentiment

Naturally, blockchain penny stocks are inextricably tied to the performance of the overall crypto ecosystem. The best penny stocks tend to thrive when the crypto market is bullish, whereas these stocks often perform poorly when market sentiment turns bearish. As many of these stocks are involved in mining digital currencies, the demand for their product goes up when the crypto market is thriving. So, before investing in these penny stocks, it’s crucial to understand the nature of the market and whether the environment is suitable.

Company Financials

Finally, the company’s financials are essential to consider, as they can provide insight into whether the company is heading in the right direction or not. Due to their nature, blockchain penny stock companies will often be unprofitable (or even pre-revenue), so their income statements won’t make for good reading. However, if you dig a little deeper, you can look for things such as revenue growth or a decrease in the net losses made. The ultimate goal for these firms is profitability, and if this can be achieved, it usually translates into positive movement in the share price.

blockchain penny stock financials

Technical Analysis

It’s crucial to take a look at the company’s price chart, as this can tell us a lot about where the company’s at and where it could be going. As noted, penny stocks will trade at a low price by nature, so many of the technical analysis tools you’d employ in forex trading will not be suited for these stocks. However, areas of support and resistance do still play a significant role – so if you’re looking to buy these stocks, it’s best to make your investment after seeing a solid rejection from a support level.

Where to Buy Blockchain Penny Stocks?

The next section of this guide will be dedicated to the investment process. As you’ll likely be aware, investing in these companies will require you to create an account with a licensed and regulated stock broker. To streamline this process, we’ve narrowed down the options to our top ten platforms – all of which are reviewed below!

1. eToro – Overall Best Broker to Buy Blockchain Penny Stocks

etoro review

Taking the top spot in our list of brokers is eToro. Most traders will have heard of eToro, as the platform has over 23 million registered users and is one of the largest online brokerages in the world. eToro is regulated by entities such as the FCA, ASIC and CySEC and offers commission-free trading on a vast range of asset classes.

Although eToro doesn’t offer OTC stocks, it is ideal if you’re looking to invest in publicly-listed equities, as they provide access to a wide range of stock exchanges such as the NYSE and the NASDAQ. Furthermore, as eToro offers fractional investing, you don’t have to buy an entire share and can instead open positions from as little as $50. Finally, eToro offers free deposits if made in USD and accepts credit/debit cards, bank transfers, and e-wallets – including PayPal!

Pros

  • Strictly regulated broker
  • Fractional investing offered
  • Accepts PayPal
  • Commission-free trading
  • Over 23 million users

Cons

  • It doesn’t offer OTC stocks

68% of retail investor accounts lose money when trading CFDs with this provider.

2. WeBull – Best Broker to Buy Blockchain Penny Stocks with SIPC Coverage

WeBull review

If you’re looking for an alternative to eToro, then we’d recommend considering WeBull. WeBull has over 11 million users and is heavily regulated in North America, ensuring all users are afforded the strictest security protocols. What’s more, as WeBull is covered under the SIPC, traders are protected up to a total of $500,000 in the instance that the broker ever goes bust.

WeBull allows commission-free stock and ETF trading, with five different US exchanges available to trade. Furthermore, WeBull also offers fractional shares, meaning that you can invest from as little as $1! Aside from stocks and bonds, WeBull has a selection of options and cryptos to trade – and you can even use the broker’s free trading ideas feature to bolster your research. Finally, WeBull offers fee-free deposits and has no minimum deposit threshold to open your account.

Pros

  • Covered under the SIPC
  • Free stock and ETF trading
  • Offers crypto trading
  • Invest from as little as $1
  • Useful trading ideas feature

Cons

  • It doesn’t offer OTC stocks

Or go to WeBull>

68% of all retail investor accounts lose money when trading CFDs with this provider.

3. SoFi – Best Broker to Buy Blockchain Penny Stocks with Robo-Advisor

SoFi review

Whether you’re looking to invest $1000 or more, SoFi is undoubtedly a good brokerage option. SoFi started as a fintech company but has branched into trading in recent years, offering active and automated trading accounts. The latter will review your investment goals and create a unique portfolio designed with your ambitions and risk tolerance in mind. Furthermore, the portfolio is automatically rebalanced, ensuring it’s optimised 24/7.

If you opt for an active account, you can trade US-based stocks and ETFs commission-free. SoFi also doesn’t charge any non-trading fees – although if you trade cryptos, then there is a 1.25% commission. There is no minimum deposit level with SoFi, and the broker will credit your account with your funding instantly – even if it hasn’t cleared with the bank yet! Finally, SoFi’s trading platform is designed with the casual investor in mind, feature and sleek and easy-to-use interface offering two-step login and pre-set price alerts.

Pros

  • Robo-advisor features
  • Free stock and ETF trading
  • Designed for beginners
  • No non-trading fees

Cons

  • High markup on crypto trading

Or go to SoFi>

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Robinhood – Best Broker to Buy Blockchain Penny Stocks with No Fees

robinhood review

Robinhood is one of the most popular brokers in the US for retail investors, boasting over 22.5 million registered accounts. By offering free stock and ETF trading, Robinhood has ensured its platform is at the forefront of the industry and has recently provided commission-free crypto trading! Furthermore, as the platform is regulated by the SEC and FINRA, users can trade the markets safely and cost-effectively.

Robinhood users can trade on the mobile app or their web browser, with both providing a fantastic user experience. The platforms offer two-step login and feature various order types and price alerts to choose from. There are also news feeds and charting features to use, although there aren’t many technical indicators. Finally, Robinhood offers a variety of educational articles to review, which are targeted towards first-time traders.

Pros

  • Platform designed for casual investors
  • Regulated by the SEC and FINRA
  • Free stock and ETF trading
  • Selection of educational articles

Cons

  • Poor asset selection

Or go to Robinhood>

68% of all retail investor accounts lose money when trading CFDs with this provider.

5. TD Ameritrade – Best Broker to Buy Blockchain Penny Stocks with High Regulation

TD Ameritrade review

TD Ameritrade has a long track record in the trading industry, boasting regulations from the SEC, FINRA, and the CFTC. One of TD Ameritrade’s best features is its low-cost trading options, as users can invest in US-based equities and ETFs with no fees. Furthermore, TD Ameritrade also offers a volume-based margin system, meaning the larger your trade amounts, the cheaper the margin rates will be.

TD Ameritrade allows users to trade on the web, desktop, or mobile, with all three options providing charts, price alerts, and various order types. There are various additional features that traders can use, including various fundamental data sources and interactive charting features. Finally, TD Ameritrade offers fee-free deposits and accepts ACH transfer or wire transfer, with funding usually taking one day to arrive.

Pros

  • Heavily regulated broker
  • Free stock and ETF trading
  • Trade on the web, desktop, or mobile
  • Interactive charts

Cons

High margin rates

Or go to TD Ameritrade>

67% of all retail investor accounts lose money when trading CFDs with this provider.

6. Public.com – Best Broker to Buy Blockchain Penny Stocks on Mobile

public.com review

Public.com is one of the newer additions to the brokerage scene and is innovative in the sense that users can only access the platform through the mobile app. Public.com focuses on ‘social trading’ features, meaning they offer a way to review other people’s portfolios and see the trades placed by others. Furthermore, Public.com still offers commission-free stock and ETF trading, meaning that you can cost-effectively operate in the markets.

Public.com’s app is very sleek and user-friendly, with a fractional investing approach that allows you to invest from as little as $1. You can create a portfolio using the platform’s ‘drag and drop’ feature, and you can also learn while you trade, thanks to Public.com’s educational pop-ups. Finally, Public.com has exceptional customer support, and users can have their questions answered promptly through the chat feature in the app.

Pros

  • Variety of educational features
  • Fractional investing offered
  • Numerous social trading elements
  • Free stock and ETF trading

Cons

  • Only available on mobile

Or go to Public.com>

67% of all retail investor accounts lose money when trading CFDs with this provider.

7. Zacks Trade – Best Broker to Buy Blockchain Penny Stocks on the OTC Markets

Zacks Trade review

Another great broker to consider is Zacks Trade. Zacks Trade is a division of LBMZ Securities, a large financial services firm regulated by the SEC and FINRA. This broker offers stock trading at a rate of $0.01 per share if the stock is priced above $1. However, if the stock is priced below $1, the fee will be 1% of your position size.

The great thing about Zacks Trade is that it offers penny stocks, which many brokers will not. The broker allows access to the OTC markets, meaning you can invest in many of the stocks listed earlier in this guide. Furthermore, Zacks Trade gives you access to 78 stock exchanges and 13,000 different ETFs. Finally, deposits are free to make, whilst the first withdrawal of every month is also totally free.

Pros

  • Offers OTC stocks
  • Massive range of tradeable assets
  • Free withdrawal per month
  • Regulated by the SEC and FINRA

Cons

  • Not a commission-free broker

Or go to Zacks Trade>

68% of all retail investor accounts lose money when trading CFDs with this provider.

8. Ally Invest – Best Broker to Buy Blockchain Penny Stocks with Industry Experience

ally invest review

Ally Invest is a subsidiary of Ally Financial, a financial services firm with decades of experience in the sector. The broker is regulated by the SEC and FINRA and offers free stock and ETF trading for assets priced above $2 per share. However, if the asset is less than $2, there will be a $4.95 commission plus a $0.10 charge per stock.

You can also make use of Ally Invest’s managed portfolios, which will create a portfolio for you and automatically rebalance it to suit your needs. Furthermore, you only need to invest a minimum of $100 to use this feature, which is a low threshold compared to others. Finally, Ally Invest has a vast selection of educational materials, including webinars, tutorials, articles, live streams, and more!

Pros

  • Robo-advisor feature
  • A huge array of educational materials
  • Regulated by the SEC and FINRA
  • Free stock and ETF trading above $2

Cons

  • Stocks less than $2 have high fees

Or go to Ally Invest>

68% of all retail investor accounts lose money when trading CFDs with this provider.

9. E*TRADE – Best Broker to Buy Blockchain Penny Stocks with Personalised Portfolios

E*Trade review

The penultimate entry on our list is E*TRADE. E*TRADE was founded in 1982 and was recently acquired by Morgan Stanley, boosting the broker’s reputation. Furthermore, as it is regulated by the SEC and FINRA, users can trade safely when using E*TRADE. In terms of fees, E*TRADE offers free stock and ETF trading and even offers OTC trading. However, OTC stocks will have a $6.95 commission attached.

E*TRADE charges no no-trading fees, and the account opening process can be completed online. There is no minimum deposit, and E*TRADE allows you to open a basic account, a margin account, or a personalised investment account that has access to various portfolios. Finally, E*TRADE offers a selection of helpful trading features, including five years’ worth of fundamental data on stocks and 30 different technical indicators to use on the charts.

Pros

  • A subsidiary of Morgan Stanley
  • Offers OTC stocks
  • Vast fundamental data sources
  • Various account types to choose

Cons

  • OTC stocks are expensive to trade

Or go to E*TRADE>

68% of all retail investor accounts lose money when trading CFDs with this provider.

10. Fidelity – Best Broker to Buy Blockchain Penny Stocks with Stellar Reputation

fidelity review

The final entry on our list of the best stock brokers is Fidelity. We’re big fans of Fidelity as it is one of the longest-running brokers in the industry and has been around since the 1940s. The broker is regulated by the SEC and FINRA and offers free trading on US-based stocks and ETFs. You can also trade on international markets, although each market will have its own flat-fee commission.

There are no non-trading fees with Fidelity, and the broker offers margin at a rate of 8.3% per annum. Fidelity excels when it comes to its trading platform, as it provides advanced two-step authentication to bolster your security. Furthermore, you can choose from ten different order types and set a considerable number of price alerts, which can come via email or text message.

Pros

  • Excellent reputation in the US
  • Offers international stocks
  • A wide array of order types
  • Free stock and ETF trading

Cons

  • International stock trading is expensive

Or go to Fidelity>

67% of all retail investor accounts lose money when trading CFDs with this provider.

How to Buy Blockchain Penny Stocks in the USA

Once you’ve decided which of the best trading platforms to opt for, it’s time to make your investment. This can be daunting at first, especially if you are a new trader, although the entire process can usually be completed in under ten minutes. With that in mind, the four quick steps below will show you how to invest in stocks with eToro – all without paying any commissions!

Step 1 – Create an eToro Account

Head over to eToro’s website and click the ‘Join Now’ button on the homepage. Enter your email address and choose a username and password to create your account.

etoro sign up

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2 – Verify your Account

As eToro is registered with FinCEN, new users must verify themselves before trading. To do this, head to your account dashboard and click the ‘Complete Profile’ button. You’ll then be asked to complete some KYC checks, after which you’ll have to upload proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill).

Step 3 – Make a Deposit

New eToro users must deposit at least $50, which is free to make if made in USD. In terms of payment methods, eToro accepts the following for US-based clients:

Credit card

Debit card

Bank transfer

PayPal

Skrill

Neteller

Step 4 – Buy Blockchain Penny Stocks

Search for your stock in the search bar and click ‘Trade’. In the order box that appears, enter your position size (minimum investment of $50), set a stop loss or take profit level if you wish, and then click ‘Open Trade’.

buy stocks etoro

Congratulations! You’ve officially invested in your first stock with eToro – totally free of charge!

Best Blockchain Penny Stocks – Conclusion

To summarise, this guide has reviewed the best blockchain penny stocks on the market right now, covering where they’re at currently and what the future might hold for them. These stocks are fascinating due to the growing nature of the blockchain sector, which looks set to explode in 2022. Although there is an added element of risk with these stocks, they can be a great opportunity if you’re a risk-seeking investor looking for market-beating returns.

If you’re looking to buy stocks right now, we’d recommend using eToro. eToro offers commission-free trading on a vast range of assets and is regulated by the FCA, ASIC, and CySEC. Furthermore, eToro’s minimum deposit is only $50 and is free to make if made in USD.

Best Broker to Buy Blockchain Penny Stocks – eToro

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.