10 Best Altcoins to Buy in 2022

Any cryptocurrency other than Bitcoin is referred to as altcoin – and there are now more than 20,000 to choose from. This allows crypto investors to build a diversified portfolio of altcoins across many project types.

In this guide, we explore the 10 best altcoins to buy while the broader crypto markets are bearish.

List of the Best Altcoins to Buy Right Now

A summarized list of the best altcoins to buy today can be found below:

  1. Tamadoge (TAMA) – Meme Coin With Utility set to Explode in 2022
  2. Battle Infinity (IBAT) – Altcoin That Sold out Presale in Just 24 days
  3. Lucky Block (LBLOCK) – Decentralized Crypto Game With Weekly Draws
  4. Ethereum (ETH) – Top Altcoin to Invest in Long-Term
  5. DeFi Coin (DEFC) – New DEX Project With Native Altcoin Token
  6. The Sandbox (SAND)– Leading Metaverse Project With Virtual Real Estate
  7. Ripple (XRP) – Global Payments Network for Financial Institutions
  8. Polkadot (DOT) – Bridges the Gap Between Non-Related Blockchain Networks
  9. BNB (BNB)– Top-Rated Altcoin Backed by the World’s Largest Exchange
  10. Monero (XMR) – Popular Privacy-Centric Blockchain Network

We evaluate each of the above altcoins in the following sections of this page.

Detailed Analysis of the Best Altcoins to Invest In 2022

Let’s explore some of the best altcoins to buy in 2022. Our top list includes some brand new altcoin projects, as well as the best altcoin projects that have stood the test of time through several bull cycles in cryptocurrency’s history. While some like to buy cryptos to trade daily in an attempt to beat the market swings, other investors prefer to hold their coins for longer.

Many of these altcoins are also considered to be both the best long-term crypto investments and the best crypto airdrops in 2022.

1.Tamadoge (TAMA) – Meme Coin with Utility set to Explode in 2022

Tamadoge (TAMA) is a meme coin like none before it and offers real value and utility for holders over the likes of Dogecoin, Shiba Inu and other dog coins.

Combining a play-2-earn (P2E) game alongside NFTs and the joys of being part of a meme coin community, TAMA is set to fly with its third beta sale rocketing past $1 million in sales this week.

At the center of the Tamaverse are Tamadoge Pets, an NFT that you can breed, raise and care for until they get big – just like the Tamagochi craze of the 1990s.

Once Pets get big enough they can even be put to battle against other players to earn points – those points then go on a global leaderboard with TAMA being given back to the community.

tamadoge 1million raised

As time goes on more games will be added to the platform and prizes will become even more impressive – and while Pets will be fully-rigged 3D models initially, the roadmap promises augmented reality in Q3 2023.

That will enable players to train and play with their pets while hunting in the real world for TAMA tokens.

Tamadoge has already been audited by Solid Proof and had its KYC validated by CoinSniper, giving investors even more peace of mind.

Those interested can download the whitepaper for this project on the Tamadoge website.

2. Battle Infinity (IBAT) – Sold Out Presale in just 24 Days

Battle Infinity (IBAT) recently sold out its presale token launch in rapid time due to a variety of innovative products being built within its ecosystem. This includes the IBAT Premier League, a fantasy sports game built on top of the blockchain protocol.

For those unaware of how fantasy games work, users are required to build a team of players from a specific sport – such as football or basketball. The user will earn points based on how their team of players performs in actual games. In the case of Battle Infinity, points are distributed in the project’s native digital token – IBAT.

IBAT will trade across public exchanges as well as the Battle Infinity DEX. As such, its value will be determined by demand and supply. Nonetheless, a huge addition to the Battle Infinity fantasy sports game is that will operate alongside the metaverse. This will allow users to explore the virtual world and subsequently enrich the IBAT Premier League game. As such IBAT is considered to be one of the best metaverse cryptos to buy in 2022.

battle infinity presale

In order to access the fantasy sports game and subsequently enter leagues and tournaments, users will need to purchase an NFT pass. Each NFT is unique from the next and can be traded with other users.

While the presale is now finished after raising 16,500 BNB, IBAT is set to be listed on a number of exchanges, including PancakeSwap, soon.

A great way to learn more about its niche products and services is to read the Battle Infinity whitepaper – which can be downloaded from the project’s website. The Battle Infinity Telegram channel is also worth joining and will keep you up to date on the latest news and exchange listings.

3. Lucky Block (LBLOCK) – Decentralized Crypto Game With Weekly Draws

Lucky Block (LBLOCK) is also worth considering from our list of the best altcoins to invest in for 2022. This project was officially launched in January 2022 – after the completion of its successful presale launch. In fact, in terms of future value, Lucky Block was behind one of the best crypto presales to date.

For instance, presale investors were able to secure a rock-bottom entry price of just $0.00015 per LBLOCK token. Within a month of trading, LBLOCK surpassed a total market capitalization of $1 billion – which was the fastest project to reach this feat in the history of blockchain assets.

For those new to Lucky Block – the project has built an innovative crypto gaming platform that runs prize draws via randomly-generated numbers. The weekly draw allows ticket-holders to win rewards, which are paid via the LBLOCK token. The most important aspect of the Lucky Block crypto game is that the entire ecosystem is decentralized.

And therefore, unlike traditional prize games, the outcome of each number-drawing process is 100% free from centralized control. Instead, numbers are drawn via a smart contract that operates on top of the blockchain protocol. This ensures that players have access to a fair and transparent gaming ecosystem.

In order to play Lucky Block games, users will need to purchase at least five tickets, which are priced at just $1 each. It is also possible to gain free, lifetime entry into the weekly draw by purchasing a Lucky Block NFT – of which there are just 10,000 in circulation. Each Lucky Block NFT carries a specific number which, if drawn, will result in the holder winning a prize.

Earlier in 2022 Lucky Block was a top trending cryptocurrency and may trend again now it has recently had its upgraded V2 token supported by LBank.

4. Ethereum (ETH) – Top Altcoin to Invest in Long-Term

While both Battle Infinity and Lucky Block are new, up-and-coming altcoins – Ethereum (ETH) is highly established. In fact, this is the largest altcoin project in this industry in terms of market capitalization – as it has been for the vast majority of its 7-year existence. Ethereum is trusted by the broader crypto community for its dedication to security and innovation.

Now that Ethereum is trading back well below $2,000 as of mid 2022, it may be one of the best altcoins to invest in despite being around for over five years already – since it has a track record of success and so many other Layer-2 altcoins run on the Ethereum blockchain.

In fact, thousands of altcoins (known as ERC-20 tokens) are actually built on top of the Ethereum blockchain – which is testimony to this sentiment. Some of the most popular altcoins that come from the ERC-20 category include DAI, Polygon, Shiba Inu, Uniswap, Chainlink, and the Sandbox.

Those wondering how this benefits Ethereum should understand that each and every transaction conducted by an ERC-20 token requires GAS fees – which are paid in ETH. In turn, Ethereum will always be in demand for as long as its native blockchain is utilized by other crypto projects.

With that said, although Ethereum is the go-to blockchain for thousands of altcoins, in its current form, the network itself is sluggish. By this, we mean that a maximum of 16 transactions per second can be handled by Ethereum, which oftentimes results in high transaction fees.

The good news is that Ethereum is very close to completing its much-anticipated migration from PoW to PoS. This will mean significantly more transactions per second and much lower fees. Crucially, although the broader crypto markets are bearish, the price of Ethereum is recovering at a much faster rate when compared to other altcoins.

Cryptoassets are highly volatile investment products. Your capital is at risk.

5. DeFi Coin (DEFC) – New DEX Project With Native Altcoin Token

We found that DeFi Coin (DEFC) is one of the best altcoins to watch for long-term investors. Initially founded in 2021, the project is building a decentralized exchange ecosystem – DeFi Swap, that will be accessible on a global basis. Users can connect their BSc wallet to DeFi Swap and exchange one token for another in a decentralized way.

In other words, there is no requirement to trust a centralized provider, as all DeFi Swap transactions are executed by smart contracts. Moreover, DeFi Swap users are not required to provide any personal information and upload KYC documents. As of writing, DeFi Swap is still in its Beta stage, and only BSc tokens are supported.

However, as per the project’s whitepaper, cross-chain compatibility is in the works. This means that users can swap a token from one blockchain – such as Ethereum, for say BNB. Not only does DeFi Swap offer decentralized exchange services, but the ability to earn interest on idle tokens.

This includes both staking and yield farming, both of which offer attractive APYs on a wide variety of cryptocurrencies. At the heart of the DeFi Swap ecosystem is DEFC – the project’s native token. DEFC is trading at a significant discount from its prior all-time high, now a crypto under $1, after the 2022 bear market.

6. The Sandbox (SAND)- Leading Metaverse Project With Virtual Real Estate

Those with an interest in the future of the metaverse night consider the Sandbox (SAND), which is arguably one of the best altcoins to buy for this purpose. Built on top of the Ethereum blockchain, this popular ERC-20 token backs the Sandbox virtual world, which is both extensive and innovative.

For example, it is possible to create a custom avatar and explore the Sandbox world with other people. When users find a plot of land that they are interested in calling home, they can make a purchase via the project’s native token – SAND. The user can then build real estate on top of the purchased land – and fully customized to their liking.

the sandbox metaverse

While at the first glance this concept might seem farfetched, it is important to recognize that some sizable transactions have been conducted with SAND. For instance, land within the Sandbox was sold for the equivalent of $4.3 million in late 2021. Many other deals have been executed in the Sandbox metaverse for over a million dollars.

With that said, the metaverse concept is still in its infancy, so the market potential is yet to be fully realized. This is why the Sandbox is one of the top altcoins to buy today. Furthermore, although SAND has generated huge returns since launching in mid-2020, as of writing, the token is trading at over 80% less than its prior all-time high.

Cryptoassets are highly volatile investment products. Your capital is at risk.

7. Ripple (XRP) – Global Payments Network for Financial Institutions

So far, this guide on the best altcoins for 2022 has covered projects from fantasy sports, decentralized finance, crypto gaming, the metaverse, and more. Next, to ensure that investors are well diversified across a wide variety of blockchain-based concepts, we will explore the Ripple (XRP) project.

In a nutshell, Ripple is an established US-based company that has built a global payments network that operates on top of the blockchain protocol. The overarching objective of Ripple is to revolutionize how financial institutions perform cross-border transactions. Currently, most transactions go through SWIFT.

xrp price

This is problematic, as SWIFT is both slow and expensive. This is especially the case when emerging currencies are exchanged internationally. Ripple, on the other hand, is able to facilitate cross-border payments at a tiny percentage of a cent – regardless of where the transacting parties are located, or which currencies are being used.

Its underlying blockchain supports all fiat currencies and can handle up to 1,500 transactions per second. At the core of the Ripple network is its native token – XRP. This token acts as a bridge of liquidity when competing currencies are being transferred and it trades on dozens of crypto exchanges.

Cryptoassets are highly volatile investment products. Your capital is at risk.

8. Polkadot (DOT) – Bridges the Gap Between Non-Related Blockchain Networks 

Next up on our list of the best altcoins to buy is Polkadot. Put simply, the Polkadot protocol was designed to meet the broader objective of blockchain interoperability. This concept allows blockchains to communicate with each other, even if they operate completely different coding systems and consensus mechanisms.

Therefore, the overarching goal of Polkadot is to allow the likes of Bitcoin and Ethereum, or any competing networks for that matter, to share data without needing an intermediary. This would enable the global blockchain ecosystem to reach new heights. Polkadot, via its DOT token, has witnessed a rollercoaster ride since it was launched in 2020.

is polkadot a good buy

For example, CoinMarketCap notes that DOT was initially priced at just $2.90 per token. Fast forward to mid-2021 and DOT was trading at over $48, before capitulating down to $11. However, this altcoin then reversed its fortunes, by hitting an all-time high of $55 in late 2021.

This represents an end-to-end upward swing of nearly 1,800% when compared to its initial price. Crucially though, like the wider crypto market, Polkadot is now trading at a major discount. In fact, those entering the market right now can buy DOT at an 85% discount when compared to its prior highs.

Cryptoassets are highly volatile investment products. Your capital is at risk.

9. BNB – (BNB) Top-Rated Altcoin Backed by the World’s Largest Exchange 

Binance is the world’s largest crypto exchange and it continues to retain this status by a sizable margin. To fuel its broader ecosystem, Binance created the BNB token in 2017. Since then, BNB has gone on to become one of the best altcoins to buy in terms of growth, with significant gains witnessed by early investors.

For example, according to CoinMarketCap, BNB was trading at just $0.11 in 2017. In 2021, the BNB token hit an all-time high of over $669, which amounts to gains of nearly 600,000%. This means that an initial investment of $2 into BNB back in 2017 would, at its peak, have been worth over $1 million.

With that said, although gains of 600,000% will likely never be seen again, the upside potential with BNB is still, in our view, highly attractive. In terms of use cases, BNB offers a 25% discount to Binance traders. BNB is also the native token of the Binance Smart Chain. This is an independent blockchain network that supports thousands of tokens.

And, just like any other network, all transactions conducted on the Binance Smart Chain require fees to be paid in the native token – BNB. As we mentioned earlier when discussing Ethereum, this ensures that BNB remains in high demand. We also like that Binance regularly burns BNB from the circulating supply, which in theory, is beneficial for its long-term value.

Cryptoassets are highly volatile investment products. Your capital is at risk.

10. Monero (XMR) – Popular Privacy-Centric Blockchain Network

Another niche area of the blockchain industry is that of privacy. At the forefront of this concept are Monero and its underlying XMR token – which is perhaps the best altcoin to buy for this purpose. To offer some context, Bitcoin is often referred to as an ‘anonymous’ payments system, insofar that transactions are not tied to the identity of the sender or receiver.

However, Bitcoin is arguably more of a ‘pseudonymous’ network, not least because forensic analysis practices do have the ability to reveal the identity of the transacting parties. This is where Monero comes in, as the blockchain offers a 100% privacy-focused network that ensures that both senders and receivers can remain anonymous.

monero price prediction

Launched in 2014, Monero transactions require a block time of just two minutes. However, it is important to note that transactions require between 20-30 minutes before they are deemed irreversible. The XMR token has witnessed many bear and bull markets over its 8-year lifespan.

With that said, early investors of this project are looking at sizable gains nonetheless. For example, according to data extracted from CoinMarketCap, XMR was initially trading at just over $2 in 2014. Fast forward to 2021 and XMR hit highs of $339 – which is a 16,000% increase from its initial valuation.

Cryptoassets are highly volatile investment products. Your capital is at risk.

What is an Altcoin?

The term ‘altcoin’ is a combination of two individual words – ‘alternative’ and ‘coin’. Put simply, altcoins refer to any cryptocurrency that isn’t Bitcoin. This means that of the 20,000+ tokens listed on CoinMarketCap, apart from Bitcoin, each and every project is an altcoin.

Altcoins offer investors an alternative to Bitcoin so that each project will look to target a specific long-term objective. This is important in the context of the cryptocurrency industry, as Bitcoin was designed to operate as a global payments network. However, blockchain technology can and will revolutionize more than just payments, which is where altcoins come in.

list of altcoins by market cap

For example, Ethereum is an altcoin project specializing in creating and deploying smart contracts. Battle Infinity, on the other hand, is building a metaverse ecosystem that allows users to play a fantasy sports game, earn and trade NFTs, and swap tokens via a decentralized exchange.

Crucially, by investing in some of the best altcoins to buy discussed today, traders have the opportunity to create a highly diversified portfolio of digital asset projects. Moreover, and perhaps most importantly, many altcoins in this marketplace have outperformed Bitcoin in recent years, which will appeal to those seeking higher gains.

Are Altcoins a Good Investment?

While some crypto investors will look to stick exclusively with Bitcoin, others will seek exposure to a wide variety of projects.

Below, we explore some of the key reasons why investors might consider adding some altcoins to their portfolio today.

Many Altcoins Have Outperformed Bitcoin in Recent Years

As we briefly noted earlier, some of the best altcoins to buy that we have discussed today have outperformed Bitcoin in recent years. For example, according to data extracted from Google Finance, Bitcoin has increased in value by over 760% in the prior five years.

While this smashes through the 60% generated by the S&P 500 over the same period, many altcoins have witnessed much higher gains. For instance, over the prior five years, BNB has increased by over 5,600%. Over the same timeframe, Chainlink has witnessed gains of 3,700%.

Presales Offer Low Entry Price

In the vast majority of cases, newly launched altcoins will look to raise funds via a presale campaign. This enables investors to buy the respective token at the best price possible before it goes through a public launch.

One of the most successful presale campaigns in recent times is Lucky Block – which initially priced its LBLOCK token at $0.0015 for early investors. In just one month of post-presale trading, LBLOCK surpassed a price of $0.09. This translates into gains of early 6,000%.

lucky block crypto price

The reason for this is that on the one hand, presales are risky – insofar that oftentimes, the project is yet to achieve many of its long-term goals. This is no different from having bought Tesla in 2010 – when the electric vehicle firm went through its initial public offering (IPO).

However, by investing in quality altcoins early via a presale, this offers investors a highly attractive entry price. As of writing, one of the best altcoins to buy right now via a presale campaign is the previously discussed Battle Infinity. The presale will last just 90 days and traders will, at the time of writing, get 166,666 IBAT tokens for every 1 BNB invested.

Easy to Diversify

We mentioned earlier that CoinMarketCap is now home to over 20,000 altcoins. This gives investors a superb opportunity to build a diversified portfolio of digital assets.

In doing so, the overall risks are somewhat reduced, as by investing in multiple projects from various markets, traders can ensure that they are not overexposed to projects that fail to make it big.

In order to create a basket of altcoins in an efficient manner, investors might consider eToro. The reason for this is that the platform lists dozens of altcoins – many of which we have discussed today.

Moreover, eToro requires a minimum trade of just $10 per token – regardless of the value of the altcoin. And, investors based in the US can buy altcoins without paying any deposit fees, and the trading commission amounts to just 1%.

Cryptoassets are highly volatile investment products. Your capital is at risk.

Altcoins are Typically Cost-Effective 

By investing in Bitcoin, even during the current bear market, traders will need to allocate more than $20,000 just to buy a single token. While online exchanges support fractional trading, buying a small unit of a token is far from attractive.

In comparison, many of the best altcoin projects discussed today trade with a super-low token price. This means that even beginners on a budget can buy a huge number of altcoin tokens without breaking the bank.

Tamadoge (TAMA) is currently on presale and buyers can buy from as little as 1,000 tokens for just $10.

Similarly, DeFi Coin – which also made our list of the best altcoins to buy right now, is trading at less than $0.10 per token. This offers a great opportunity to build a large allocation of DeFi Coin tokens with a small amount of capital.

Altcoins Have Been Hammered by the Crypto Winter 

The current bear market – often dubbed the crypto winter, has hammered the valuation of the vast majority of altcoins in this industry, even the best altcoin projects like Ethereum dropped to a low valuation – ETH hit a 2022 low of $881 on Binance in June 2022 when Bitcoin dropped to $17,600.

On the one hand, this can be daunting for investors that bought altcoins in and around the prior market peak. However, those looking to enter the market right now can do so at heavily discounted prices.

  • For example, DeFi Coin, as of writing, is trading 85% lower than its prior all-time high.
  • This is also the case for Polkadot.
  • In fact, the vast bulk of altcoins discussed today are trading at a discount of at least 80% when compared to previous all-time highs.

This means that altcoin investors can target a sizable upside, should the token eventually regain its prior peak.

For instance, if DeFi Coin regains its 52-week high of $0.62 and the investor enters the market at $0.10 – this would require an upside movement of over 500%.

How to Choose the Best Altcoins to Buy

During the current bear market, investors have the opportunity to buy quality altcoins at hugely discounted prices.

However, the key challenge is knowing how to choose the best altcoins to buy.  After all, there are more than 20,000 altcoins in the market – with more being created on a regular basis.

Below, we explore some of the most important considerations to make when researching the best altcoins with the highest potential.

Determine the Weight of the Altcoin Portfolio

Before selecting individual altcoins to invest in, investors should consider implementing a weightage system within their portfolio.

This means that the investor should decide how much capital to allocate to Bitcoin and altcoins. Moreover, the total allocation to altcoins should also be split into different categories.

  • Hypothetically, a solid crypto portfolio might allocate at least 50-70% to Bitcoin, which is the de-facto digital asset of choice.
  • Many investors will allocate a sizable chunk of their portfolio to Ethereum, due to its established reputation and large market capitalization.
  • After all, consider a blend of up-and-coming altcoins, alongside some solid presale campaigns.

Crucially, the idea behind portfolio weightage is to ensure that crypto investments are made in a risk-averse manner. In other words, investors should allocate their funds based on the identified risk of each altcoin.

Trading Volume and Exchanges

When choosing the best altcoins to buy, investors should look at the average daily trading volume of the project, and which exchanges it is currently listed on. Or for new altcoin projects, its roadmap and planned DEX and CEX listings.

Regarding the former, this will determine how much interest there is in an altcoin. For instance, by exploring data via CoinMarketCap, many altcoins attract just a few thousand dollars in daily trading volume.

how to find the best altcoins

This could, unfortunately, indicate that the project is dead, as it struggling to attract interest from investors in sizable numbers. On the other hand, if the altcoin is attracting several million dollars in daily volume, this is a great sign.

In terms of exchanges, the best altcoins to buy will be listed on a wide variety of platforms – including tier-one operators. For example, Ethereum is listed on pretty-much every crypto exchange in this market.

With that said, newly launched altcoins will likely only be available to buy on a small number of exchanges, as listing applications can be slow to approve.

Concept and Roadmap Goals 

The best altcoins to buy that we came across have a solid business model alongside a realistic and innovative concept.

  • For example, we like how Battle Infinity is combining a variety of emerging technologies – such as the metaverse and NFTs, with its growing fantasy sports game.
  • Similarly, DeFi Coin is building a next-generation DEX that will not only support anonymous and decentralized token swaps but the ability to generate an attractive APY on idle cryptocurrencies.

In addition to its core concept, investors should consider whether the goals of the altcoin project are realistic. The roadmap – which can be found via the project’s whitepaper, is a great place to start.

On the other hand, we also came across plenty of altcoins that have an innovative concept on paper – but realistically, their objectives and goals are too farfetched ever to come to fruition.

Use Cases of the Altcoin 

Another metric to consider when researching the best altcoins to buy is the actual use case of the token. This is a major consideration to make, as if the altcoin has no use case, it will very quickly become irrelevant.

For example, both Shiba Inu and Dogecoin have witnessed huge bull runs in the prior couple of years. However, many would argue that they are both nothing more than a meme coin.

In comparison, the IBAT token has an actual use case, insofar that it allows players of the Battle Infinity fantasy sports game to bet and win rewards. IBAT is also the native currency in the Battle Infinity metaverse, alongside the project’s NFT ecosystem.

Where to Buy Altcoins

We mentioned earlier that the best approach to altcoin investing is to create a diversified portfolio of projects.

To do this effectively, investors will need to have an account with a crypto broker or exchange that offers low fees alongside a wide range of altcoin markets.

As we explain in more detail below, we would that eToro is the best place to buy altcoins right now.

eToro – Best Investment Platform to Buy Penny Crypto

eToro logoeToro is an online broker that was launched in 2007 and is now used by more than 27 million clients. Many eToro users are beginners, not least because the broker supports small minimum deposits, fractional assets, and a simple interface that is jargon-free.

With that said, eToro is also favored by seasoned traders for its high-level charts, real-time news, and access to technical indicators. Nonetheless, all investor profiles will like that eToro offers access to dozens of altcoins – including many of the top-rated projects we have discussed today.

Regardless of the altcoin’s trading price, eToro users can place an order from just $10. Moreover, fees are competitive here, as crypto trades attract a commission of just 1%. We also like that USD payments via debit/credit cards, e-wallets (including Paypal), and bank wires attract no deposit fees whatsoever.

etoro review

Non-USD payments will require the user to pay a small FX charge of 0.5%. eToro is also the best place to buy altcoins for those that wish to trade passively. In this regard, eToro offers two options. First, the Copy Trading tool allows users to mirror the crypto investments of a seasoned eToro trader.

Second, there are also managed portfolios that exclusively track crypto. Both of these tools will appeal to beginners with little experience in buying and selling altcoins on a do-it-yourself basis. eToro is heavily regulated, with the broker holding licenses from the SEC, FCA, and others. The platform also supports thousands of commission-free stocks and ETFs.

eToro currently supports 76 crypto assets, i.e. 75 altcoins alongside Bitcoin. That includes many new altcoin projects such as ApeCoin (APE) and some of the best altcoin projects like Cardano.

Pros

  • Access dozens of altcoins with low fees
  • USD payments via debit/credit cards and e-wallets are fee-free
  • Minimum altcoin trade requirement of just $10
  • Heavily regulated 
  • Smart Portfolios allow passive altcoin investing
  • User-friendly mobile app for iOS and Android

Cons

  • Doesn’t Support MT4 or MT5
  • Leverage is not available to US clients

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

How to Buy Altcoins on eToro

Those looking to buy altcoins right now via the eToro website or mobile app can do so in less than five minutes from start to finish. This even includes the process of opening a verified account and making a fiat money deposit.

Follow the steps below to buy the best altcoins in the market right now:

Step 1: Open an eToro Account

Start the process by visiting the eToro website and opening an account. This is a standard process that requires eToro to collect some personal information and contact details.

open an eToro account

To get the eToro verified straightaway, upload a copy of a government-issued ID.

Step 2: Deposit Funds

US clients are required to meet a $10 minimum deposit when opening an eToro account. Other than a few specific locations, all other nationalities will need to meet a minimum of $50.

Choose from one of the following deposit methods:

  • Paypal
  • Debit/Credit Card
  • ACH
  • Bank Wire
  • Trustly
  • Skrill
  • Neteller

Several other payment methods are supported, which are local to certain countries. USD payments are fee-free, while other currencies are charged 0.5%.

Step 3: Search for an Altcoin to Buy

In the search bar – which can be found at the top of the page, type in the name of the altcoin.

buy Ethereum on eToro

In the image above, we are looking to buy Ethereum. When the altcoin appears, click ‘Trade’.

Step 4: Buy Altcoin

An order box, as can be seen in the example image below, will now populate.

buy Ethereum on eToro

In the ‘Amount’ box, the user will need to type in their desired investment stake ($10 minimum).

To buy the respective altcoin instantly,  click ‘Open Trade’.

Conclusion

To conclude, altcoins offer a great alternative to Bitcoin for those looking to gain exposure to the broader cryptocurrency market.

In this guide, we have discussed the 10 best altcoins to buy right now – based on the quality of each project and the potential upside. Our list of the best altcoins to invest in 2022 wise includes something for every investor – a brand new altcoin presale, and well-established altcoins like Ethereum.

Overall, our market research found that the best altcoin to consider today is Tamadoge. The meme coin is on presale now but unlike traditional meme coins, offers utility in the form of a play-2-earn game and NFT ownership.

Battle Infinity also recently sold out its 90-day presale campaign in just 24 days – a total of 16,500 BNB or around $5 million. Those that missed out will be able to buy Battle Infinity on PancakeSwap.

tamadoge presale

Battle Infinity

FAQs

What is an altcoin?

What is the best altcoin to invest in right now?

Which altcoins will survive the bear market?

How many altcoins are there in total?

How do you invest in altcoins?

What is the best new altcoin to buy right now?

Are altcoins a good investment?

 
Kane Pepi

Kane Pepi is a expert on cryptocurrency and a prolific writer with more than 2,000 published articles. He holds a Bachelor's Degree in Finance and a Master’s Degree in Financial Crime, and is currently undertaking a his Doctorate based on money laundering in the crypto and blockchain sectors.