Compare the best Ethereum exchanges

When you're trading Ethereum, you want to be sure you're using a well-managed and trustworthy exchange. We've compared everything that's out there to help you find the best one.
By: Harry Atkins
Harry Atkins
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue… read more.
Updated: Jun 4, 2021
Tip: our preferred broker is, eToro: visit & create account

Where can I buy Ethereum on an exchange?

The best platforms are in the table below. We’ve compared all the leading options out there to find the most reliable and recommendable platforms, and reviewed them all for you.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
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
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
2
Min. Deposit
$1
Exclusive promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$20
Exclusive promotion
User Score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

What is an Ethereum exchange?

It is a marketplace where ether can be bought and sold. Commonly this is done through exchanging other cryptocurrencies for ether, although some exchanges allow you to trade fiat currency such as GBP and USD for bitcoin, which you can then exchange for Ethereum and other cryptocurrencies.

How do exchanges work?

Exchanges offer two ways through which you can trade Ethereum. These are:

  • Market orders. With this order, you get the current best available price at the time of purchase or sale of your ether, and the order is executed instantly, making it the quickest way to buy and sell Ethereum online.
  • Limit Orders. A limit order allows you to buy or sell an asset at a fixed price. As soon as another user is willing to meet your specified price, your order will be executed.

How do I use an exchange?

It’s simple. You start by setting up an account, and going through the necessary verification steps (like uploading documents to prove your identity and address). You can then make a deposit using your preferred payment method, or deposit cryptocurrency through the exchange’s wallet address to exchange for Ethereum.

Your payment method will dictate how fast the funds may arrive on your account. For example, funds deposited via bank transfer might take up to 5 days to show up on your account, whilst deposits made via credit card will usually appear in an instant.

What should I look for in an exchange?

There are a number of factors to consider when looking for the top Ethereum exchange. Below we’ve listed all the most important ones.

Payment methods accepted

Exchanges usually accept different forms of payment. For example, exchanges like Binance do not accept fiat currency deposits at present, so you can only deposit cryptocurrencies. Furthermore, most exchanges do not accept PayPal due to the risks of chargeback scams. Make sure you find an exchange with the right payment methods for you.

Trading fees

This is probably the most important factor. Most exchanges will charge a trading fee, between the range of 1-2% on top of every transaction you have. The listed market prices usually do not include this, so be diligent and compare the different trading fees offered by different platforms.

Geographical restrictions

Not all exchanges are freely available in all countries. A brokerage like Coinbase only supports 32 countries, whereas an exchange like Binance supports all countries. Check that the platform you want to use is available where you are.

Payment Fees

There might be depositing and withdrawal fees that vary from exchange to exchange. They will often also depend on your payment method. Make sure your profits aren’t being too dented by the fees charged by the exchange.

Design and ease of use

An important consideration when choosing an exchange is how well designed the site is. You want to be able to focus on investing, not figuring out how the site functions.

Do I have to verify my account?

Yes and no. If you are starting with FIAT currency, you’ll have to verify your identity, and sometimes your address when signing up to an exchange. Exchanges are regulated and so need to know who is using them. You will usually be asked to provide a range of documents that show proof these two things, and often a selfie of yourself with the same documents for further verification.

However, if you already have some Bitcoin, Ethereum or other cryptocurrency and you simply want to get more. Then, because cryptocurrency is anonymous the exchanges have no need to gain your personal details. Therefore, no verification is required when buying, selling, sending and receiving ONLY in cryptocurrency.

Are exchanges secure?

They have many security features, though they are also a big target for online attacks. It is not recommended to store anything other than what you’re intending to trade. Then, let’s say you don’t want to trade and simply want to sit on your investment for 6 months – it is advised that you transfer your ether to a personal cold storage wallet (hardware or paper wallet) to keep your funds safer.

Furthermore, ETH exchanges do get hacked from time to time. However, most users are unaffected and those that are will usually be compensated fully by the exchange – assuming you’re using a reputable one!

What if I forget my password?

Exchanges will often provide for steps to reset a forgotten password through the email address/security questions you registered with when setting up your account. If there are extra security features on the website, you might be given a ‘recovery seed’, a collection of words that you can subsequently use to recover an account.

How fast are transactions?

Transactions on an exchange are usually instant. It also depends on the type of order you have made. However, once an order is executed, funds will usually travel within a matter of seconds. This is not necessarily the case when transferring between exchanges, which will take slightly longer, as such transactions have to be verified on the blockchain.

What payment methods can I use?

This depends on the exchange. Typically, most exchanges allow you to trade cryptocurrencies between each other, allowing you to use bitcoin or other altcoins to fund your Ether trades on exchanges. In regards to fiat currency, if they allow you to fund your account with fiat currency then most exchanges only allow for bank transfers, and some also allow debit or credit card payments. It’s not often that exchanges allow deposits from electronic wallets like PayPal.

Will I be charged a fee to buy and sell Ethereum?

Yes, exchanges will usually charge fees for making transactions, by way of additional trading fees. These typically range between 1-2% and are not included in the market price of ether. It is advised to compare trading fees between exchanges to ensure you are trading with competitive fees. Exchanges might also further charge deposit or withdrawal fees, but these are largely uncommon. They also largely depend on your payment method. For example, deposits made with bank transfer usually do not come with an additional service fee, but with credit cards, there’s often an additional charge.

Will I be charged for deposits and withdrawals?

Typically, no. But some do. When transferring coins to another wallet or exchange, you will only be charged transaction fees associated with the Ethereum blockchain (known as ‘gas’). This often varies, but the transaction fee is often negligible, and will usually be less than £1 worth of ether. However, some exchanges are known for having a small withdrawal fee, such as Binance with their 0.01 ether withdrawal fee.

Do I need a wallet to use an exchange?

No, usually you will have an online wallet provided by the exchange that holds your ether and other cryptocurrencies. However, it is strongly recommended that you do get your own personal wallet to transfer your ether from the exchange wallet for maximum control and security of your own funds.

What other platforms are available?

The other commonly used platforms are CFD trading brokers. Broker platforms are more focused on making quick trades to take advantage of market fluctuations on the price of Ethereum, without actually having to own or manage the ether.

Should I use an Ethereum exchange?

Frankly, it’s up to you. If you want to trade ether for other cryptocurrencies, and don’t mind the extra complexity in comparison to brokers, an exchange is the best option. Exchanges are the most common way to trade ether and other cryptocurrencies, though there is a learning curve. Here are some added pros and cons:

Pros

  • Enable you to spend Ethereum easily all around the world
  • Easy to accept Ethereum payments from other people
  • Can trade many other cryptocurrencies in the same exchange

Cons

FAQs

ℹ Can I use an exchange on my mobile phone?
ℹ Are there any exchanges I can use anonymously?
ℹ Can I access my transaction history on an exchange?
ℹ Are there maximum or minimum deposit/withdrawal limits?
ℹ Are there maximum or minimum buying limits?
ℹ Can I buy all cryptocurrencies on an exchange as well as Ethereum?
ℹ Are exchanges legal?
ℹ Are ETH exchanges regulated?
ℹ Do I have to pay tax on the coins I buy through an exchange?
ℹ What if I accidentally send my coins to the wrong address?
ℹ What happens if an exchange gets hacked or closes down?
ℹ Can I withdraw money to my PayPal account?
ℹ Can I cancel a trade on an exchange?
ℹ What is the difference between an Ethereum wallet and an Ethereum exchange?
ℹ What are the differences between exchanges and CFD brokers?
ℹ Do Ethereum debit cards have built-in exchanges?
ℹ How do exchanges determine the price of Ethereum?

Fact-checking & references

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.

Risk disclaimer

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 >

Harry Atkins
Financial Writer
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the… read more.