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

Fact Checked by Gary McFarlane

Decentralised finance is one of the most exciting areas of the crypto world, offering opportunities to move away from traditional banking and provide consumers with higher yields. However, many people wish to gain exposure to this sector without having to invest in the cryptocurrency market directly.

With that in mind, this article will discuss the Best DeFi Stocks in detail. We’ll touch on the top DeFi stocks in the market and their prospects for the future before highlighting where you can buy DeFi stocks today – with no commissions!

Table of Contents

How to Buy DeFi Stocks – Quick Guide

Are you looking to buy DeFi stocks right now? If so, by following the four quick steps below, you’ll be able to buy these stocks in a matter of minutes with eToro – all without paying a cent in commissions!

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

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

10 Best DeFi Stocks to Buy – Quick Overview

Found below are our picks for the best DeFi stocks in the stock market right now. In the following section, we’ll analyse each of these stocks in turn, ensuring you’ve got all the information you need to trade optimally.

  1. Riot Blockchain (RIOT) – Overall Best DeFi Stock to Buy – Buy Now 
  2. Canaan (CAN) – Best DeFi Stock to Buy for Crypto Mining – Buy Now
  3. Square (SQ) – Best DeFi Stock to Hold Long Term – Buy Now
  4. Coinbase Global (COIN) – Best DeFi Stock for Capital Appreciation
  5. International Business Machines (IBM) – Best DeFi Stock for Dividends
  6. ARK Fintech Innovation ETF (ARKF) – Best DeFi Stock ETF
  7. DeFi Technologies Inc (DEFI) – Best DeFi Stock for Direct Exposure to the Sector
  8. DeFiPortfolio CopyPortfolio – Best DeFi Stock Portfolio
  9. Compound (COMP) – Best DeFi Stock Token
  10. Hive Blockchain Technologies (HIVE) – Best DeFi Penny Stock

Best DeFi Stocks to Buy in USA 

As you can see from the list above, the best DeFi stocks come from a wide variety of company sizes and business sectors. Let’s dive into each of these stocks one by one, covering important factors such as company financials and future prospects.

1. Riot Blockchain (RIOT) – Overall Best DeFi Stock to Buy

If you’re looking for the best stocks to buy now within the DeFi sector, then Riot Blockchain would be our top pick. Riot Blockchain is predominantly focused on crypto mining, although the company is also developing other business segments and investing in other firms within the sector. As of October 2021, Riot held 3,995 BTC, which equates to around $165,217,220 at the time of writing.

RIOT price chart

Much like other crypto miners, Riot is very sensitive to the price of Bitcoin, so any bearish price action tends to see Riot’s share price fall. Riot did raise $600m through a stock offering during Q3, which has enabled them to keep their leverage ratios low, whilst providing much-needed capital for growth. Finally, as the DeFi industry expands, this will ultimately have a knock-on effect on Riot Blockchain and increase the revenue that the company brings in – which is why this company is top of our list of DeFi stocks at present.

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

2. Canaan Inc (CAN) – Best DeFi Stock to Buy for Crypto Mining

Canaan is another crypto-mining company that is publicly listed on the NASDAQ. The company provides advanced hardware solutions that enable swift crypto mining, which means Canaan’s fortunes are directly tied to the sentiment of the crypto market. As recently as October, Canaan announced that they would be repurchasing $20m worth of their own shares. As stock buybacks tend to be bullish signals, this raised the company’s stock price higher.

canaan inc price chart

At the time of writing, Canaan is trading at $8.93 – 76% lower than the highs experienced in March. As Canaan specialises in BTC-producing hardware, any price increases in the currency will likely boost demand for Canaan’s machines. Finally, with revenues and profits increasing every quarter, Canaan looks set to benefit from the explosion in the DeFi sector, which will likely translate to higher token prices across the entire market – aiding the company’s share price!

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

3. Square (SQ) – Best DeFi Stock to Hold Long Term

If you’re looking for one of the best companies to invest in with exposure to the DeFi sector, then Square is a great option. Square is a financial services company founded by Twitter CEO Jack Dorsey that provides payment solutions to consumers and businesses. The company is benefitting from a push towards digital payments and has significant exposure to the crypto market.

square price chart

CNBC recently reported that Square is launching a business dedicated to decentralized finance services using Bitcoin. This foray into the DeFi space could be massive for Square, as they are aiming to create a platform that allows developers to build decentralised financial services easily. Finally, Square also had a record-breaking quarter financially, posting impressive revenue and profit figures. Overall, this company looks like it’s heading places and will provide a great way to obtain indirect exposure to the DeFi sector.

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

4. Coinbase Global (COIN) – Best DeFi Stock for Capital Appreciation

Coinbase is a company that operates a colossal cryptocurrency exchange and went public in April 2021 through a direct listing. The company offers traders a way to invest in a vast range of cryptocurrencies, whilst also offering a way to get involved in the broader crypto ecosystem through the use of decentralised apps (dApps) and DeFi protocols. As Coinbase provides a selection of DeFi tokens to trade, the company’s fortunes will ultimately be affected by how well these tokens (and the industry overall) performs.

coinbase price chart

Coinbase had 7.4 million monthly transacting users in Q3 2021 – a massive increase from last year’s figures. The company generates most of its revenue from crypto trading, with BTC and ETH being the top two coins that drive income. However, as more and more DeFi projects spring up and have their tokens listed on major exchanges (such as Coinbase), this will undoubtedly add another source of income for the company. So, although Coinbase’s exposure to the DeFi sector at present isn’t huge, there’s indeed scope for this to increase in the years ahead – providing investors with a great avenue to gain exposure to this growing financial system.

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

5. International Business Machines (IBM) – Best DeFi Stock for Dividends

International Business Machines (commonly known as IBM) is a technology company that produces and sells computer hardware and software, along with providing hosting and consulting services. IBM is one of the world’s largest employers, with over 345,000 employees in 171 countries as of last year. As recently as March 2021, CoinDesk reported that IBM was licensing its private blockchain software to METACO, a Swiss-based company involved in the DeFi space.

ibm price chart

In addition, IBM and Deutsche Bank have reportedly teamed up to build the latter’s crypto custody and trading services offering. Ultimately, IBM’s involvement in these areas will provide the company with exposure to digital assets, which is a far cry from the company’s ‘traditional’ approach. Finally, as IBM delivers a dividend yield of 5.62%, you’ll get the twin benefits of exposure to the growing DeFi world and a passive income stream!

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

6. ARK Fintech Innovation ETF (ARKF) – Best DeFi Stock ETF

If you’re looking for the best ETF to invest in with exposure to the DeFi world, then the ARK Fintech Innovation ETF is worth considering. This ETF has an investment theme focused on financial technology innovation, with companies included in the ETF looking to disrupt the way that the financial sector operates. Notably, the ARK Fintech Innovation ETF invests in a range of companies involved in promoting blockchain technology – which gives ETF investors exposure to the DeFi sector.

ARK fintech innovation ETF

In 2020, this ETF’s first full year of being live, it returned a staggering 107.91%! Although the ARK Fintech Innovation ETF is currently down 2.96% for the year, it has performed better in recent months and is trending towards ending the year close to breakeven (or in a small profit). The expense ratio for this ETF is a little higher at 0.75%, although investors do get access to a small yield of 0.34%. Overall, this fund is one of the most exciting within Cathie Woods’ collection and is excellent for passively investing in this growing area.

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

7. DeFi Technologies Inc (DEFI) – Best DeFi Stock for Direct Exposure to the Sector

Most of the entries on our list provide indirect exposure to the DeFi sector – as the only real way to get direct exposure is to invest in DeFi tokens themselves. However, DeFi Technologies Inc seeks to change that by providing a ‘bridge’ between traditional capital markets and the growing area of decentralised finance. Through the company’s asset management division, investors can purchase ‘exchange-traded products’ (ETPs) that allow them to invest in DeFi projects directly – without having to get involved in the cryptocurrency market!

defi technologies price chart

This is an exciting innovation, as many investors are interested in gaining exposure to this area yet are still hesitant to open a crypto exchange account and invest directly. DeFi Technologies Inc generates revenue through the management fees it charges on these ETPs, and the company already has over $300m in assets under management. Finally, as DeFi Technologies Inc is trading at only $3.08, there’s tremendous upside potential here – which is why this stock looks so appealing for the years ahead.

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

8. DeFiPortfolio CopyPortfolio – Best DeFi Stock Portfolio

If you’re looking to invest in DeFi passively, then eToro’s DeFiPortfolio might be an excellent option for you. If you are unfamiliar with eToro’s CopyPortfolios, they are groups of assets bundled together that focus on a specific theme or industry. As you might have guessed, the platform’s DeFiPortfolio invests in a range of crypto assets that provide the investor with targeted exposure to the growing decentralised finance sector.

DeFi Copyportfolio

Some of the portfolio’s top holdings include Ethereum, Decentraland, Basic Attention Token, and Polygon – all of which are directly involved in the DeFi space. Looking at returns, the DeFiPortfolio has performed incredibly well this year, generating a compound annual return of 1573% for investors! Although the portfolio has much higher volatility due to the nature of its holdings, it provides a quick and easy way to invest in DeFi, without having to be directly involved in the crypto market.

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

9. Compound (COMP) – Best DeFi Stock Token

Although this isn’t a stock, there’s no better way to get involved in the DeFi space than to invest in one of the projects directly. Compound is one of the most exciting tokens within the space at present, as it is a software platform running on the Ethereum blockchain that enables lending and borrowing without the need for a centralised authority, such as a bank. Lenders can deposit crypto into pools and earn interest, whilst borrowers can post collateral and borrow coins from the platform.

COMP price chart

If you were to invest in Compound, you’d get direct exposure to the DeFi sector, as this protocol supports a wide range of tokens. Furthermore, Compound has recently suffered a significant pullback, which may provide investors with scope for higher returns over the medium to long term. Finally, if you use the Compound protocol, you’ll automatically receive free COMP tokens in an amount that is proportional to how much you’ve loaned to the platform!

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

10. Hive Blockchain Technologies (HIVE) – Best DeFi Penny Stock

Rounding off our list of the best DeFi stocks is Hive Blockchain Technologies. Hive Blockchain Technologies is a Canadian crypto miner that owns green energy-powered facilities in Canada, Sweden and Iceland. As Hive is predominantly focused on mining BTC and ETH, this provides the company with indirect exposure to the DeFi sector, as Ethereum is the top dog for these protocols.

hive blockchain technologies price chart

Hive Blockchain Technologies’ stock price is up 109.62% since the start of 2021, although it was up even higher when shares spiked in early November. The company is also performing admirably financially, with revenues up 168% from the same time last year. Finally, profits have now increased for five straight quarters – and with demand for BTC and ETH not looking likely to slow down, an investment in Hive Blockchain Technologies could undoubtedly bear fruit in the years to come!

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

Are USA DeFi Stocks a Good Investment?

So, is it a good idea to invest in DeFi stocks? According to DeFi Pulse, there is currently a total value locked (TVL) of $102.83bn within DeFi projects at the time of writing. Comparing this to the same time last year when there was a TVL of only $22.09bn, it’s clear to see just how quick this area of finance is growing. Furthermore, the gains made by many of the top DeFi coins this year have been staggering – for example, Aave is up 181% since the start of the year, whilst Avalanche is up over 3500%!

Moreover, if you’re familiar with the crypto market, you’ll be well aware of DeFi projects’ applications. Areas such as crypto lending and liquidity pools are just two of the many exciting inventions from this burgeoning industry. Ultimately, as the world becomes more crypto-focused, there will likely be a growing shift towards decentralised finance – which is why investing in DeFi stocks at this point could be a great investment for the future!

How Do You Find the Best DeFi Stocks USA?

If you’re looking to invest $1000 (or any amount) into DeFi stocks, then it’s wise to do your due diligence beforehand. Found below are three of the main areas to focus on when completing your research, as they can help you decide which investments are worth considering:

Crypto Market Sentiment

As DeFi stocks are inextricably linked to the crypto market, the overall sentiment in this area is critical in determining how well these stocks do. Ethereum is leading the way within this new area of finance and has also brought concepts such as NFTs into the public consciousness. Many decentralized exchanges run on Ethereum’s blockchain, such as Curve and 1inch, so the price of ETH tends to affect the overall price of DeFi stocks. So, if Ethereum continues to be bullish over the long term, these stocks will likely reap the rewards too.

ethereum price chart

Financial Position

When you invest in stocks of any company, you should consider the firm’s financial position. The company’s balance sheet, income statement, and cash flow statement should all be reviewed, as these three can provide an overview of how well the company is doing and how it could perform in the future. Furthermore, metrics such as the company’s P/E ratio and EPS can be helpful to compare to similar companies, ensuring you’re choosing the best stock for your investment goals.

Price Chart

Finally, much like forex trading, it’s essential to analyse the price chart to gain insight into potential price movements. Areas of support and resistance should be noted, as these represent places where there’s a high chance that price could turn around. Furthermore, it’s also wise to employ some moving average indicators, such as the 50-day and 200-day EMAs. If the price rises above these indicators, it tends to signify that the trend has turned bullish – providing an excellent opportunity to invest at an optimal point.

Where to Buy DeFi Stocks?

Now let’s turn our attention to the best trading platforms that offer DeFi stocks. Most of the equities we’ve noted previously trade on major exchanges, meaning that you’ll have an abundance of brokerage options to choose from. We’ve narrowed down the selection to our top 10 brokers, which are reviewed in-depth below.

1. eToro – Overall Best Broker to Buy DeFi Stocks

etoro review

Our number one broker when it comes to buying DeFi stocks is eToro. We’re huge fans of eToro as the platform has an exceptional reputation in the trading industry, boasting over 23 million users. Much of eToro’s appeal comes from its commission-free fee structure, allowing users to trade stocks and other assets with no fees. Furthermore, eToro is also policed by FinCEN, adding a security boost for US traders.

eToro’s minimum deposit is only $50 and is free to make if you fund your account in USD. Notably, eToro accepts credit/debit card deposits, along with bank transfers and e-wallets such as PayPal. Users can also trade on various platforms, with eToro’s mobile app being particularly useful. Finally, eToro users have access to a wide selection of CopyPortfolios – with the DeFiPortfolio being an excellent pick for people interested in that sector.

Pros

  • Over 23 million users
  • Regulated by FinCEN
  • A wide array of CopyPortfolios
  • Accepts PayPal
  • User-friendly app

Cons

  • Small inactivity fees

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

2. WeBull – Best Broker to Buy DeFi Stocks with Safety

WeBull review

Another great option for US traders is WeBull. WeBull is one of the fastest-growing brokers in America and has over 11 million registered users. Furthermore, WeBull is regarded as one of the safest options for traders, boasting regulation from the SEC, FINRA, and the CFTC. What’s more, WeBull is covered under the SIPC, protecting investors’ capital up to a maximum of $500,000.

Aside from safety, WeBull is also renowned due to its fees. Users can trade US stocks with no commissions and can employ margin from a rate of 7% per annum. There are no non-trading fees at WeBull, and the account opening process can be completed in minutes – although it usually takes one working day before you can trade. Finally, WeBull’s trading platform is one of the best in the business, offering high levels of customisation to suit every trader.

Pros

  • Heavily regulated broker
  • Free US stock trading
  • No non-trading fees
  • Fantastic trading platform
  • Seamless account opening

Cons

  • A limited selection of asset classes

Or go to WeBull>

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

3. Robinhood – Best Broker to Buy DeFi Stocks with No Fees

robinhood review

If you’re looking to buy DeFi stocks with no fees, then Robinhood is a great option. With over 22.5 million users, Robinhood has become one of the most popular brokers with retail traders. The platform is regulated by the SEC and FINRA and offers free stock and ETF trading on US exchanges. Notably, users looking to buy cryptocurrency can do so free of charge!

Account opening can be completed in minutes and usually takes one day to finalise. If you opt for a Robinhood Instant account, you can receive funding immediately, as the platform will credit your account without having to wait for your deposit to clear! Furthermore, Robinhood also pays interest on your uninvested cash, with the current rate sitting at 0.3% per annum. Finally, you can even pay your bills using your Robinhood account and can also receive a Mastercard debit card!

Pros

  • Free stock and ETF trading
  • Earn interest on uninvested cash
  • Pay bills from your account
  • Offers crypto trading

Cons

  • A limited selection of asset classes

Or go to Robinhood>

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

4. Fidelity – Best Broker to Buy DeFi Stocks with Decades of Experience

fidelity review

Fidelity is one of the longest-serving brokers on our list, having been launched back in 1946. This stock broker is regulated by the SEC and FINRA and has won various industry awards over the years. We like Fidelity as users can trade US-based stocks and ETFs free of charge. Notably, Fidelity also offers international stocks, broadening your investment options.

There are over 25 different stock exchanges you can trade, from places like the UK, Mexico, and Singapore. Users can also invest in a range of options and can even use ‘Fidelity Go’, a Robo-advisory service that will manage your investments. Finally, Fidelity’s trading platform is one of the best on our list, offering a range of features that will appeal to beginners and advanced traders alike.

Pros

  • Long track record
  • Offers international stocks
  • Robo-advisory service
  • Regulated by the SEC and FINRA

Cons

  • High margin rates

Or go to Fidelity>

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

5. Merrill Edge – Best Broker to Buy DeFi Penny Stocks

merrill edge review

Merrill Edge is a broker that is a division of Bank of America, one of the leading financial institutions in the US. Regulated by the SEC and FINRA, Merrill Edge offers a wide array of stocks and ETFs, along with bonds, mutual funds, and options. Trading US stocks is free of charge, and users can even invest in penny stocks if they’d like!

The account opening process is speedy, and users have a wide variety of account types to choose from, ranging from joint accounts to Roth IRAs. There are no deposit or withdrawal fees with Merrill Edge, and you can even pay your bills directly from your trading account balance. Finally, users can trade on Merrill Edge’s web platform or mobile app – both of which offer two-step login and a variety of order types and price alerts.

Pros

  • Offers penny stock trading
  • Two-step login offered
  • Can pay bills from your trading account
  • Division of Bank of America

Cons

  • Only US assets

Or go to Merrill Edge>

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

6. Zacks Trade – Best Broker to Buy DeFi Stocks with Huge Asset Selection

Zacks Trade review

Another great broker to consider if you’re looking to buy DeFi stocks is Zacks Trade. The broker is regulated by the SEC and FINRA and offers a vast selection of tradeable assets. Users can invest in stocks, ETFs, mutual funds, bonds, and options – with 78 different stock exchanges to choose from! Moreover, Zacks Trade offers penny stock trading, increasing your investment options.

Stocks priced above $1 will have a fee of $0.01 per share traded, whilst stocks priced below $1 will have a fee set at 1% of your trade size. Commissions will differ for international equities, with each region having its own rate. Aside from commissions, Zacks Trade has no non-trading fees and accepts ACH transfers, wire transfers, checks, and online bill payments as deposit methods. Finally, Zacks Trade offers multiple trading platforms to choose from, with the Client Portal offering a massive range of order types and portfolio analysis tools to utilise.

Pros

  • Huge range of assets
  • Regulated by the SEC and FINRA
  • No non-trading fees
  • Innovative Client Portal platform

Cons

  • Not commission-free

Or go to Zacks Trade>

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

7. SoFi – Best Broker to Buy DeFi Stocks with Automated Investing

SoFi review

If you’re looking to automate parts of your trading, then SoFi is a broker worth considering. This broker is regulated by the SEC and FINRA and offers active and automated trading services. If you opt for the latter, you’ll be able to use SoFi’s Robo-advisor feature from as little as $1, meaning you’ll get a portfolio created and rebalanced automatically with no need for manual input!

If you’d prefer to trade manually, SoFi’s active account allows you to invest in stocks and ETFs free of charge. Furthermore, SoFi also offers crypto investing, although the markup of 1.25% is quite steep. There is no minimum deposit to open your SoFi account, and users can complete the entire process on their web browser or the mobile app. Finally, SoFi has exceptional customer service, offering users fast live chat responses and also a telephone service.

Pros

  • Great customer service
  • Useful Robo-advisor feature
  • Offers crypto trading
  • Free stock and ETF trading

Cons

  • Limited charting tools

Or go to SoFi>

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

8. Ally Invest – Best Broker to Buy DeFi Stocks with Excellent Charting Tools

ally invest review

Ally Invest is another great broker if you’re looking to buy DeFi stocks, as the platform has roots dating back to 1911. Regulated by the SEC and FINRA, Ally Invest offers a wide range of asset classes to choose from – and even allows OTC stocks to be traded. US-based equities listed on major exchanges are free to trade, whilst OTC stocks will have a fee of $4.95 per trade, plus $0.10 per stock traded.

Ally Invest has many valuable features, including their Managed Portfolios feature, that will create a portfolio and automatically rebalance it based on your needs and risk tolerance. Furthermore, Maxit Tax Manager is also linked to Ally Invest, with this service allowing you to set up various tax strategies to optimise your tax exposure. Finally, Ally Invest also provides a wide range of trading ideas and has excellent charting tools – with 120 different indicators to choose from!

Pros

  • Extensive charting tools
  • Useful Tax Manager feature
  • Robo-advisor portfolios
  • Regulated by the SEC and FINRA

Cons

  • High fees for OTC stocks

Or go to Ally Invest>

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

9. Interactive Brokers – Best Broker to Buy DeFi Stocks with Margin

interactive brokers review

Interactive Brokers is one of the most well-respected options on our list, having been around since 1978. The platform is regulated by the FCA and the SEC and has won numerous awards within the trading industry. Interactive Brokers offers a range of trading accounts, although opting for the IBKR Lite account will allow you to trade US-based equities and ETFs free of charge.

Interactive Brokers excels when it comes to their margin rates, as the IBKR Pro account will allow you to trade on margin from as little as 1.6% per year! Furthermore, Interactive Brokers offers the largest selection of asset classes on our list – and even provides niche options such as warrants and other structured products! Finally, Interactive Brokers will provide you with market updates from analysts when they provide a buy or a sell recommendation, and you’ll also be able to browse a wide range of fundamental data sources within the platform.

Pros

  • Huge range of assets
  • Low margin rates
  • Market updates feature
  • Regulated by the FCA and SEC

Cons

  • Lengthy account opening process

Or go to Interactive Brokers>

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

10. TD Ameritrade – Best Broker to Buy DeFi Stocks with Great Customer Service

TD Ameritrade review

The final entry on our list of the best DeFi brokers is TD Ameritrade. TD Ameritrade is one of the biggest brokers in the US and is regulated by the SEC, FINRA, and the CFTC. The broker offers free stock and ETF trading and volume-based margin rates, although these rates are pretty high, starting at 9.5% per annum. Notably, TD Ameritrade offers a wide range of alternative asset classes, including futures and forex trading.

TD Ameritrade’s trading platform is exceptional, offering features for beginners and advanced traders. Furthermore, TD Ameritrade has an ‘AskTed’ virtual agent that can provide you with quick answers to any questions that you may have. Finally, you can even use TD Ameritrade’s free demo account on their ‘Thinkorswim’ platform, allowing you to gain risk-free experience before trading for real!

Pros

  • Free demo account
  • Wide range of asset classes
  • Great customer support
  • Heavily regulated

Cons

  • Only offers US markets

Or go to TD Ameritrade>

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

How to Buy DeFi Stocks in the USA

Finally, now that you have an overview of the best brokers for DeFi stocks, let’s discuss the investment process. Our recommended broker to invest in these stocks is eToro, as you’ll be able to create an account in minutes and buy stocks commission-free. With that in mind, the four quick steps below highlight how you can buy DeFi stocks with eToro – all from the comfort of your own home!

Step 1 – Create a Trading Account

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

etoro sign up

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

Step 2 – Verify your Identity

As eToro is registered with FinCEN, new users must verify their identity before trading. To do this, navigate to your account dashboard and click the ‘Complete Profile’ button. You’ll have to complete some KYC checks and 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 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 traders:

  • Credit card
  • Debit card
  • Bank transfer
  • PayPal
  • Skrill
  • Neteller

Step 4 – Buy DeFi Stocks

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

buy DeFi stocks eToro

And that’s it! You’ve officially invested in a DeFi stock with eToro – without paying a cent in commissions!

Best DeFi Stocks – Conclusion

In summary, this guide has explored the best DeFi stocks on the market in detail, touching on how they’re involved in this growing area of finance and what the future holds for them. DeFi is expanding exponentially, so obtaining exposure to this area could be a lucrative decision. By reviewing our list above, you’ll be sure to find a stock that appeals to you – and that could generate substantial returns in the future!

If you’re looking to buy DeFi stocks right now, we’d recommend signing up with eToro. This is because eToro’s account opening process can be completed in minutes and only requires a minimum deposit of $50. What’s more, as eToro is a commission-free broker, you’ll be able to invest in DeFi stocks with absolutely no fees!

Best Broker to Buy DeFi 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.