Best Ethereum Exchange Review and Comparison (2018 Updated)

Last updated: 9.13.18

As Ethereum becomes more and more popular more exchanges are including Ether (Ethereum’s currency) in their currency pairs. In this article I’m going to go over the different Ethereum Exchanges available and list the various things you need to take into account before choosing an exchange.

Post summary

The top 5 Ethereum exchanges today are:

  • Coinmama
  • CEX.io
  • eToro
  • Coinbase
  • Bitpanda

If you want to read about the different types of exchanges and get a summary of the different exchanges we reviewed keep on reading.

Here is the list of all Ethereum exchanges

CEX.io
Supported countries:
Worldwide
Fees:
Low
Overall rating:
4.5 Star Rating
Coinmama
Supported countries:
Worldwide
Fees:
Low
Overall rating:
4.5 Star Rating
eToro
Supported countries:
Non-US only
Fees:
Low
Overall rating:
4.5 Star Rating
Bitpanda
Supported countries:
Eurozone
Fees:
Low
Overall rating:
4.5 Star Rating
Bitstamp
Supported countries:
Worldwide
Fees:
Very low
Overall rating:
4.5 Star Rating
Coinbase
Supported countries:
33 Countries
Fees:
Low
Overall rating:
4 Star Rating
Bitfinex
Supported countries:
Non US only
Fees:
Low
Overall rating:
4 Star Rating
LocalEthereum
Supported countries:
Worldwide
Fees:
Low
Overall rating:
4 Star Rating
Changelly
Supported countries:
Worldwide
Fees:
Low
Overall rating:
3.5 Star Rating


Three types of Ethereum exchanges

Trading platforms – Connect buyers and sellers automatically through an online website. The buyer states the requested price and the platform finds a seller that meets the bid. No direct communication is done between the buyer and seller. Trading platforms are usually the cheapest option when it comes to fees but are also much more complicated than the other options.

Brokers – A website that sells you Bitcoin directly for a premium. Brokers are usually the easiest way to buy Ethereum but are also more expensive.

p2p platforms – Websites that connect buyers and seller directly so they can negotiate on a price. While this sites usually allow for a wider array of options (payment methods, supported countries, etc.) they also hold a large amount of risk since you’re buying from an anonymous individual.


List of Best Ethereum Exchanges

Here’s a list of the best Ethereum exchanges available today. When examining an exchange you should usually take into account several factors such as:

  • Fees
  • Countries supported
  • Payment methods accepted
  • Exchange reputation
  • Level of verification needed
  • Reliable support

CoinMama Brokerage Service

Pros: Fast response time, good customer support

Cons: Relatively high exchange rate due to premium service

Overall ratings: 4.5 stars

Coinmama has been around since 2013 and supplies a brokerage service to both Bitcoin and Ethereum. The exchange will buy or sell Ethereum directly at a premium. They also put an emphasis on quality customer support (at least better than Coinbase’s). Coinmama accepts credit and debit cards for Ethereum purchases.

Buy Ethereum on Coinmama Read our Coinmama review

CEX.io Brokerage Service and Exchange

Pros: Easy to use, reputable company, multiple payment options

Cons: High fees, average response time of customer support

Overall ratings: 4.5 stars

CEX.io is a Fincen registered Bitcoin and Ethereum exchange that supplies brokerage services as well. The exchange accepts credit cards, wire transfers and SEPA transfers if you live in the Eurozone. The site has a very easy to use and intuative interface that allows you to buy ETH relatively quick.

Buy Ethereum on Cex.io Read our Cex.io review

Etoro’s trading platform

Pros: Extremely easy to use, multiple payment options supported, good support

Cons: No option to withdraw coins, non US customer only

Overall rating: 4.5 Stars

eToro is a trading platform that allows trading in several cryptocurrencies such as Ethereum, Bitcoin, Ripple, Bitcoin Cash, Dash and more. The main difference between traditional exchanges and eToro is that all transactions are denominated in fiat currency. Meaning you can’t actually withdraw the Ether you buy on Etoro, only exchange it for USD, EUR etc.

This means the platform is very well suited for people who are only looking to speculate on Ethereum’s price but not so much for people who want to actually hold their Ether in their own wallet.

Visit eToro Read our review

The Coinbase Ethereum Exchange

Pros: Cheapest broker around, easy to use

Cons: Support slow to respond

Overall rating: 4 Stars

Coinbase is the most popular method today for buying Ethereum. The exchange is one of the oldest around and has been active since 2012. Coinbase supports 32 different countries including the US, Canada, UK, and Australia.

Coinbase can act as a broker through it’s direct and easy buying service, or you can use the Coinbase exchange (GDAX) if you’re a more experienced user.

Visit Coinbase Read our Coinabse review

Bitpanda Ethereum Brokerage service

Pros: Wide variety of payment options, relatively low fees, beginner friendly

Cons: Not available worldwide, fees are “hidden” within the exchange rate

Overall rating: 4 stars

Bitpanda (formerly known as Coinimal) is a Bitcoin broker that specializes in buying and selling Ethereum within the Eurozone. The company was founded in late 2014 and since has grown to become one of the more popular options to purchase Bitcoins around Europe.

The company has many payment options and delivers the coins to your wallet in a fast and secure manner.

Visit Bitpanda     Read our review    Step by step guide

Bitstamp Ethereum Exchange and brokerage service

Pros: Highly respected and reliable exchange, low transaction fees

Cons: Not suited for beginners, limited payment methods, high deposit fees on small amounts of money

Overall rating: 4 stars

Bitstamp has added Ethereum trading pair in late 2017. The exchange has been around since 2011 and is one of the oldest and most respectable exchanges around. The platform supplies two options for buying Ethereum – using the trading platform or using the brokerage service. The trading platform is cheaper but harder to use for inexperienced users, while the brokerage service is a more expensive “one click” solution.

Visit Bitstamp     Read our review    Step by step guide

Bitfinex Ethereum Exchange

Pros: Great interface for experienced traders
, High liquidity

Cons: No fiat support
, Complex interface is confusing for newbies

Overall rating: 4 stars

Bitfinex is the world’s biggest Bitcoin exchange by volume. The exchange offers over 50 currency pairs including ETH and is most suitable for advanced traders. Bitfixe is not available for US customers and unfortunately doesn’t allow deposit of fiat currency. This means you’ll need to buy Ethereum with another cryptocurrency if you use this exchange.

Visit Bitfinex Read our review Step by step guide

Changelly Ethereum Exchange

Pro: Fast transaction, low fees (if you use trade other cryptocurrencies), almost no verification required

Cons: Fiat transactions are very expensive

Overall rating: 3.5 stars

Changelly was established on 2016 and within a year has managed to attract over 100,000 users which is very impressive. The exchange allows you to trade one cryptocurrency for the other. So if you own Bitcoin you can almost instantly trade it for Ethereum.

From personal experience it takes around 30 minutes to get a coin traded from one type to another and the interface is very clean and intuitive. However don’t use the exchange to buy Ethereum with fiat currency since the fees are extremely high.

Visit Changelly Read our Changelly review

Local Ethereum P2P Exchange

Pros: Variety of payment methods

Cons: Higher risk of fraud, usually higher rates

Overall rating: 3.5 stars

Similiar to LocalBitcoins, LocalEthereum is a P2P marketplace where buyers and sellers of ETH can meet online and trade. Althgouh this platform gives a wide variety of payment methods it’s important to remember that you’re dealing with individuals and not corporations.

This means that the chance a deal can go wrong is higher and it’s important to take that into account. As a general rule it’s best to keep this option for when all other options fail.

Visit LocalEthereum Review coming soon!

Conclusion

As Ethereum becomes more popular the options for buying it increase dramatically. The main thing when choosing an exchange would be to make sure your country and payment method are supported. For beginners it’s better to use brokerage services and pay a bit of a premium while more advanced users should trade on trading platforms and save on fees.

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