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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 all the top ETH exchanges to help you trade cryptocurrency securely.

Where can I find the best exchanges?

Right here. We’ve compared all the exchanges out there to find the most reliable and recommendable platforms, and reviewed them all for you.

Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
China
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • Bitcoin
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.
eToro
Key Features
Access the world’s most popular Crypto assets including Bitcoin
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options
Min Deposit
$200
China
Key Features
Access the world’s most popular Crypto assets including Bitcoin
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options
Top Coins
  • Ethereum
  • NEO
  • Cardano
  • Bitcoin
  • Stellar
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, UnionPay, MoneyGram
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETF’s, indices and commodities. 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.
eToro is a multi-asset platform which offers CFD and non CFD products. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Coinmama
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Min Deposit
$60
China
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Top Coins
  • Bitcoin
Payment Methods
Debit Card
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
Bitpanda
Key Features
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Min Deposit
$1
China
Key Features
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Top Coins
Payment Methods
Visa, Mastercard, Neteller, Skrill, Sofort, Giropay, EPS, Credit Card
BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
$1
China
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Top Coins
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.

What is an Ethereum exchange?

An Ethereum exchange 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.
  • Limit Orders. A limit order allows you to buy or sell Ethereum at a fixed price. As soon as another user is willing to sell or buy at your specified price, your order will be executed.

How do I use an Ethereum 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 choosing which exchange to use, these include:

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 buy and sell 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 exchange 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 buying ether, not figuring out how the site functions.

Do I have to verify my account on an exchange?

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 sell/buy 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 Ethereum exchanges secure?

Ethereum exchanges have many security features, but 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, 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 on Ethereum exchanges?

Transactions on an Ethereum 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 to buy Ethereum on exchanges?

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 buy ether on exchanges. In regards to fiat currency, if they allow you to buy cryptos 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.

Do exchanges charge fees for buying and selling 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 buying/selling 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.

And do they charge fees for transferring in and out of my account?

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 an Ethereum 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 are the other platforms that I can use to buy and sell ether?

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 buy and trade ether and other cryptocurrencies, but 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
  • Risk that the exchange could be mismanaged
  • Learning curve to know the ins and outs of exchange trading

FAQs

  • Exchanges
  • Your concerns
  • Technical
Can I use an Ethereum exchange on my mobile phone?
Are there any exchanges I can use anonymously?
Can I access my transaction history on an exchange?
Are there maximum or minimum deposit/withdrawal limits?
Are there maximum or minimum buying limits?
Can I buy all cryptocurrencies on an exchange as well as Ethereum?
By Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.

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