Compare the best Ethereum brokers

When it comes to investing in Ethereum, you need to find a broker that’s right for you. On this page we compare all the top Ethereum trading platforms and guide you through how to use them.
Tip: our preferred broker is, eToro: visit & create account

What are the best Ethereum trading platforms?

We’ve compared all the most well-known Ethereum investment platforms and compiled the best of the best in the table right here. If you’re ready to invest your money in Ethereum now then simply follow one of the links below; if you need more information, then just scroll past and keep reading.

eToro
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available (not available to US users)
Min Deposit
$200
United States
Start Trading View key features
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available (not available to US users)
Top Coins
  • BTC
  • BCH
  • XRP
  • ETH
  • ETC
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, MoneyGram
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 14 Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
CEX.IO
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Min Deposit
$20
United States
Start Trading View key features
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Top Coins
  • BTC
  • ETH
  • USDT
  • BCH
  • BTG
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
LonghornFX
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Min Deposit
$10
United States
Start Trading View key features
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Top Coins
  • BTC
  • BCH
  • ETC
  • ETH
  • NEO
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Coinbase
Key Features
Trusted provider
Online Wallet
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
Beginner friendly
Top Coins
  • BTC
  • LTC
  • XRP
  • ETH
  • BCH
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
Crypto Rocket
Key Features
Crypto and Forex Trading
Same Day Withdrawals
24/7 Professional Support Team
Min Deposit
$10
United States
Start Trading View key features
Key Features
Crypto and Forex Trading
Same Day Withdrawals
24/7 Professional Support Team
Top Coins
  • ETH
  • XRP
  • LTC
  • BTC
  • DASH
Payment Methods
Credit Card, Debit Card, Bitcoin
Trade with a trusted market leader with an established track record of economic strength and stability. CryptoRocket is a proven online trading provider, offering trading with a wide variety of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and more.

What is an Ethereum broker?

An Ethereum broker is an online platform that functions as a middleman for buying and selling ether (the native cryptocurrency of the Ethereum blockchain). There are two different types of Ethereum brokers: simple platforms that allow you to buy and sell ether at a fixed rate, and more complex trading platforms which let users trade in real time.

How do brokerages work?

The essential function of a broker is to match up buyers and sellers. If you come to a broker and are looking to buy Ethereum at a certain rate, the broker will try and find a seller willing to match that price and complete the transaction. Sometimes the buyer/seller is the broker itself, depending on the type of broker you’re using.

More simple Ethereum investing sites will advertise a fixed price for Ethereum on their website. This is a ‘take it or leave it’ rate that the broker itself will buy or sell you ether. These sorts of platforms can be thought of as similar to a bureau de change – except they trade fiat for cryptocurrencies rather than different fiat currencies for each other.

The other type of Ethereum broker is better thought of as a comprehensive trading platform. These sites allow you to trade Ethereum using CFDs, which opens up the ability to open and close positions quickly and trade with leverage. CFD stands for “contract for difference” and represents a position taken on the price of an asset. With an Ethereum CFD you don’t actually own any ether, but are able to trade against the coin’s value as it fluctuates.

What’s the difference between an Ethereum broker and an exchange?

The main difference is who you are trading with. With a cryptocurrency broker you’re usually buying/selling Ethereum or trading directly with the trading platform, whereas with an exchange you’re making peer-to-peer trades with other people.

An exchange is a fully open marketplace where people can trade cryptocurrencies between each other, whereas brokers buy and sell Ethereum and other cryptocurrencies based on the value determined by exchanges and allow users to speculate on price movements using CFDs.

How do I use an Ethereum broker?

To use an Ethereum broker all you have to do is follow a few simple steps. First choose the trading platform you want to use, then sign up, check the current price the broker is buying and selling ether for, and click “buy” if it’s an amount you’re willing to pay. This will then direct you to the payment page of the broker where you’ll be able to fund your transaction.

If the Ethereum investing site you’ve chosen also supports CFD trading, then all you need to do is fund your account and navigate to the trading interface on the platform’s website or app. From here you’ll be able to trade CFDs on a range of cryptos including Ethereum.

The best Ethereum trading platforms for beginners, traders, and long-term investors

Which Ethereum broker is right for you will depend in large part on your experience with trading cryptocurrency and what your trading horizon is. For beginners and investors looking to buy Ethereum for the long term, simple bureau de change-type brokers tend to be best, weheras day traders will want a CFD platform. Here’s a quick breakdown.

The top broker for beginners

For those who are new to Ethereum investing, it’s best to go with a platform that makes the process of buying ether as simple as possible. These brokers tend to charge a small premium for the convenience they offer, but it prevents you making costly mistakes when you’re new to the game.

Coinbase
Key Features
Trusted provider
Online Wallet
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
Beginner friendly
Top Coins
  • BTC
  • LTC
  • XRP
  • ETH
  • BCH
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

The top platform for day-traders

Day traders will want a UK Ethereum trading platform that supports CFD trading and applies low fees and commissions. This is particularly important as even small fees can rack up if you’re making frequent trades.

eToro
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Min Deposit
$50
United States
Start Trading View key features
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

The top app for long-term buyers

If you believe that the price of Ethereum is going to rise in the long term, then your best option is to choose a reliable investment platform which will allow you to make large purchases and hold your ether for a while. 

What should I look for in an Ethereum investment platform?

In order to help you choose between the best Ethereum trading sites, here is a quick run down of all the key considerations that go into selecting a broker.

Design and ease of use

The purpose of using an Ethereum broker is to make the process of buying ether as quick and user-friendly as possible. For this reason it’s essential to make sure that your chosen platform doesn’t make the process difficult ot have a confusingly laid out website or trading app.

Price

You don’t want to get ripped off, so check the price that different brokers are quoting for Ethereum before buying. The fees charged by most brokers are hidden in the amount they charge for the coins. While this means you don’t get stung by hidden fees after being attracted by a low rate, it also means prices vary between brokers.

Payment charges

Certain payment methods might attract additional charges with Ethereum trading platforms. This is often most true of credit cards, but it’s important to check that you can pay in the way you desire without being hit with additional fees for the privilege.

Reputation

You want to ensure you’re using a broker that has a strong track record, as this will reassure you that the platform can be trusted. The best way to check this is to look at any online user reviews, and also checking out our in-depth broker reviews on this site.

Variety of coins

It might be the case that right now you’re only looking to purchase Ethereum – but that doesn’t mean you won’t want to buy other cryptocurrencies in the future. The best Ethereum brokers will usually offer a range of coins, from prominent names such as Bitcoin and Litecoin, to up-and-comers such as Aave and Polkadot.

Trading options

If you’re looking to trade Ethereum rather than just buy and hold the coins for the long term, then you want to ensure your chosen broker offers the trading capabilities you’re after. This could include leveraged trading or the option to short sell ether – complex and risky strategies that we only recommend experienced traders undertake.

Quick answers to key questions

Do brokers charge commissions or fees for buying Ethereum?

Yes, brokers will typically charge fees and commissions when buying and selling Ethereum. With CFD trading platforms it’s common to find overnight fees along with commissions applied to trades. Whereas with more simple brokerages watch out for any platform concealing the fees they charge in the price they quote for Ethereum and the spread between the bid (buy) and ask (sell) price.

Do I have to verify my identity with an Ethereum broker?

Yes, top Ethereum trading platforms require you to provide ID before you can start trading. The exact requirements differ from broker to broker, but often include a form of photo identification. This is so that the platforms can be compliant with KYC (Know Your Customer) and AML (Anti Money Laundering) legislation.

Can I buy multiple cryptocurrencies through a broker?

Yes, Ethereum brokers support the trading of other cryptocurrencies. Exactly how many other cryptos you can trade will depend on the broker you choose, with some offering a handful whereas others supporting 1000s of different coins.

Do I need a wallet to use an Ethereum broker?

No, but it can sometimes be useful to have one. Ethereum brokerage platforms will usually allow you to store your ether (and other cryptos) within your account and this practice is largely safe nowadays. 

However, if you’re using an Ethereum investment site because you intend to hold a lot of ether for the long term, then getting a secure wallet to hold your coins can be a good idea. Two popular hardware wallets are the Trezor One and Ledger Nano S.

Should I use brokers to buy and sell Ethereum?

It depends on your investment goals and how you want to trade Ethereum. Brokers are useful on the one hand as a simple way to buy and sell ether at a fixed price, and on the other as fully-fledged trading platforms that facilitate CFD trading and leveraged trading of cryptocurrencies. 

These approaches both have their benefits, but the former tends to come at a premium price and the latter allows you to speculate on price movements but means you don’t own your ether outright. For this reason some people prefer to trade Ethereum using exchanges rather than brokers.

Still undecided?

If you’re still weighing up whether to sign up to a top Ethereum investment site, then have a read through these quick pros and cons, along with the information and FAQs below.

Pros

  • Ethereum brokers tend to be more user-friendly than exchanges
  • CFD trading brokers give access to leveraged crypto trading
  • Many brokers have strong reputations for customer service
  • Brokerages are a quick and easy way to buy ether at a fixed price
  • Some trading platforms offer ‘social trading’ capabilities

Cons

  • Buying Ethereum through brokers can attract high fees
  • Leveraged trading comes with hugely increased risk
  • Not all crypto brokers are regulated

Should I buy Ethereum now?

There are two ways to look at this question, and which one suits you will depend on your approach to investing in Ethereum. If you’re in it for the long term as you believe that the price of Ethereum will rise in the future, then it’s a good idea to sign up to a broker and buy some ether now so you can capitalise on that growth if it materialises.

If, however, your aim is to trade ether using CFDs then the overall prospects of the coin aren’t as relevant as your understanding of cryptocurrency charts and technical analysis. When trading Ethereum in the short term, your skill at recognising and anticipating patterns in price movements is more important than the Ethereum blockchain’s long term ambitions.

For either approach, it is useful to keep on top of all the latest Ethereum news and analysis. Here is the latest from our experts.

Ethereum (ETH) price is trading about 5% higher on the day after plunging more than 30% from the recent record highs.  Fundamental analysis: Regulatory issues unlikely to affect Crypto, says an analyst CoinShares analyst Meltem Demirors said Bitcoin-related regulatory concerns are not likely to curb the cryptocurrency’s momentum. …
Ethereum (ETH) price soared nearly 15% on Tuesday to touch a new record high of $1,440.  Fundamental analysis: Ethereum continues as Bitcoin takes a break Ethereum reached its previous all-time high of $1,420 in January 2018, helped by Bitcoin’s rally at the end of 2017. In a similar fashion,…

Where can I learn more about Ethereum?

You can learn more about investing in Ethereum, or just about the coin in general right here on Invezz. Our Ethereum 101 course will get you grounded in the basics so you can feel confident when using an Ethereum trading platform.

FAQs

Do I have to pay tax on the profits I make on my coins through a broker?
Are Ethereum brokers anonymous?
What does ‘peer-to-peer’ mean in terms of Ethereum exchanges?
Can I transfer from an Ethereum broker to my PayPal account?
Are Ethereum brokers available 24/7?
Can I use other cryptocurrencies to buy Ethereum through a broker?
Can I use multiple brokers?
Are Ethereum brokers legal?
Are brokers regulated?
Can brokers hold my coins for me?
Can I access my full trading history with a broker?
Written by: Max Adams
Max joined us in 2020 to lead the editorial team. With years of experience producing digital content related to the financial sector, from insurance to cryptocurrency and forex trading, Max oversees content production across Invezz.