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 exchanges in 2022 and guide you through how to use them.
By:
Updated: May 29, 2022
Tip: our preferred broker is, eToro: visit & create account

What are the best Ethereum trading platforms?

We’ve compared all the leading brokers and compiled the best of the best in the table right here. If you’re ready to invest now then simply follow one of the links below; if you need more information, then just scroll past and keep reading.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
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.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Description:
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
Payment Methods
Full regulations list:

What is an Ethereum broker?

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 brokers: simple platforms that offer Ether at a fixed rate, and more complex trading platforms which let you 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 looking for Ethereum at a certain rate, the broker will try and find a seller willing to match that price and complete the transaction. Sometimes it is the broker itself on the other side of the trade, depending on the type of broker you’re using.

More simple platforms advertise a fixed price for Ethereum on their website. This is a ‘take it or leave it’ rate. 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 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 a broker and an exchange?

The main difference is who you are trading with. With a broker, you’re usually trading directly with the platform, whereas with an exchange you’re making deals with other people (known as peer-to-peer).

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

How do I 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 offering Ether at, and execute the trade 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 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 the long term, simple bureau de change-type brokers tend to be best, whereas 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 as simple as possible. These brokers tend to charge a small premium for the convenience they offer, but it prevents you from making costly mistakes when you’re new to the game.

1
Min. Deposit
$1
Promotion
User Score
10
FCA regulated crypto exchange with 4500+ digital assets available for trading
Supports users from over 100 countries including the US and Canada
Withdraw your funds using PayPal or other payment methods
Start Trading
Description:
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.
Payment Methods
3d Secure Credit Card, Credit Card, Debit Card, Euro Bank Account
Full regulations list:
Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

The top platform for day-traders

Day traders will want a 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.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
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.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

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 that will allow you to make large purchases and hold your ether for a while. 

1
Min. Deposit
$10
Promotion
User Score
10
Instantly switch between your crypto and traditional currency with zero fees and up to 3% savings
Spend your crypto and fiat currencies with realtime conversion at point-of-sale and instant crypto rewards
Cryptoback™ rewards pay out up to 1.5% in BTC every time you use your Wirex card in-store
Start Trading
Description:
Wirex is a digital payment platform with a mission - to make crypto and traditional currencies equal and accessible to everyone. Wirex innovative mobile app and next-gen Wirex card lets users buy, store, exchange and spend a wide variety of conventional and digital currencies quickly and securely, with no hidden fees and zero fuss.
Payment Methods
Credit Card, Debit Card, Wire Transfer
Full regulations list:
FCA

What should I look for in an Ethereum trading platform?

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

Design and ease of use

The point of using a 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 or have a confusingly laid out website.

Price

You don’t want to get ripped off, so check the price that different brokers are quoting for Ethereum. 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. 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 own Ethereum – but that doesn’t mean you won’t want other cryptocurrencies in the future. The best ones 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 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?

Yes, brokers will typically charge fees and commissions. 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?

Yes, you will need 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?

Yes, your broker will often support the trading of other cryptocurrencies. Exactly how many other cryptos will depend on the broker you choose, with some offering a handful whereas others support thousands of different coins.

Do I need a wallet?

No, but it can sometimes be useful to have one. You can usually store your coins in your account and this practice is largely safe nowadays. 

However, if 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. Brokers are useful on the one hand as a simple way to get 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, then have a read through these quick pros and cons, along with the information and FAQs below.

Pros

  • Brokers tend to be more user-friendly than exchanges
  • CFD trading brokers give access to advanced features, like leverage
  • These platforms usually have strong reputations for customer service
  • They offer a quick and easy way to buy Ether at a fixed price
  • Some trading platforms offer ‘social trading’ capabilities

Cons

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 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 was one of the best performers on the cryptocurrency market last month, and the price of this cryptocurrency has advanced from $1922 above $2800 in April. The current price stands around $2940, and according to digital assets investment guidance provider Two Prime, Ethereum is still undervalued. Fundamental analysis: The…
Bitcoin (BTC) price is trading about 3% lower this week as it faces mild selling pressure, following a strong push higher in recent weeks.  BTC price could decline 50% in the short run, says Guggenheim CIO Bitcoin price has corrected lower in the past two weeks as industry experts…
Ethereum (ETH) price soared to a record high this morning to push the entire cryptocurrency market capitalization above $2 trillion again. Fundamental analysis: Mark Cuban praises Ethereum The U.S. billionaire investor Mark Cuban recently voiced his optimism on the future of digital currencies and compared blockchain technology to the…

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. Use our Ethereum 101 course to get a grounding in the basics.

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?

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Max Adams
Editor of Education
Max has a keen interest in the transformative power of technology and is the founder of a platform called Current Frequencies. When not at his desk,… read more.