In This Article
Ethereum has rapidly become one of the largest cryptocurrencies, second only to Bitcoin. Today, many decentralized applications run on Ethereum, with many crypto exchanges focusing on Ether in their currency pairs.
In this article, we will go over the different Ethereum crypto exchanges available in the maket. We will list the various criteria traders need to consider before choosing a cryptocurrency exchange.
Key Takeaways
- Ethereum is widely supported across all major crypto exchanges, including brokers, trading platforms, and P2P marketplaces.
- Crypto trading platforms such as Binance and Kraken are known for their user-friendly interface and rich features.
- P2P marketplaces like LocalCoinSwap, Best Wallet, and Binance P2P allow direct transactions with sellers, offering varied payment methods but requiring due diligence.
- When choosing an Ethereum exchange, key factors include fees, supported countries, payment options, platform reputation, verification requirements, and customer support responsiveness.
- Best Wallet and Best DEX stand out for offering decentralized and non-custodial solutions, combining onchain trading access with simplicity and no mandatory KYC.
Ethereum Exchange Guide Summary
With so many crypto exchanges out there, it can be difficult to select the right platform to trade crypto. Some of you many be experienced crypto traders while some of you may be new to crypto trading and investing. To make things easier for you, we have selected 11 top picks for the best Ethereum exchange. Each cryptocurrency exchange is categorized into one of the three groups: brokerage companies, crypto trading platforms, and P2P marketplaces.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
If you want a detailed explanation of the different types of crypto exchanges and to read summarized reviews of the various crypto exchanges, keep on reading. Here’s what I’ll cover:
- How Do I Buy Ethereum?
- Ethereum Exchange Types
- How to Choose an Exchange
- Best Ethereum Brokers
- Best Ethereum Trading Platforms
- Best Ethereum P2P Marketplaces
- Conclusion
1. How Do I Buy Ethereum?
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Choose an Ethereum Exchange
Find an Ethereum exchange like the Best DEX for decentralized trading, or a broker like Best Wallet for a simpler purchase process.
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Open an Account
If required, register for an account with the exchange or broker. This may involve completing KYC verification depending on the platform.
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Deposit Funds or Crypto
Deposit fiat currency using your preferred payment method or transfer crypto from another wallet into your chosen exchange.
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Buy Ethereum
Use your deposited funds or crypto to buy Ethereum by placing a market or limit order on the platform.
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Transfer to a Wallet (Optional)
Withdraw your Ethereum to a personal crypto wallet for better security and full control of your assets.
2. Ethereum Exchange Types
Before you choose an Ethereum exchange, getting familiar with the different exchange types out there is important.
Crypto 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 they are also much more complicated than other options. Examples of crypto exchanges are Binance, Coinbase Advanced Trade, and Kraken.
The Best DEX is one of the best crypto trading platforms that offers a clean interface and no registration requirements. By using the platform, you also earn points that will convert into the platform’s native token $BEST in the future.
Brokers
A website that sells you Ethereum directly for a premium. Brokers are usually the easiest way to buy Ethereum but are also usually more expensive.
Peer-to-peer (P2P) marketplaces
Websites that connect buyers and sellers directly so they can negotiate on a price. While these 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. Prices can also differ significantly, as they are set by the sellers. An example of a P2P marketplace is LocalCoinSwap.
3. How to Choose an Ethereum Cryptocurrency Exchange
When examining an exchange, you should take into account several factors:
- Fees – What is the deposit, withdrawal, and transaction fees to trade crypto? If it is an online broker, you should check what the maker fees and taker fees are. Fees will ultimately affect the total value of your investment and profits.
- Countries supported – Is the exchange supported in your country? Are the online brokers and crypto companies that you are considering legal in your country? Always double check this to be on the right side of the law.
- Payment methods accepted – Are the online brokers under consideration accepting credit/debit cards, wire transfers, or even PayPal?
- Exchange reputation – How long has the exchange been around? Is it transparent about its business? What is the public perception of it?
- Level of verification needed – Is there a long verification process, or can you buy Ethereum right away?
- Reliable support – How responsive is the exchange’s support? Can you chat with them in real time or only email them? Do they respond to your queries quickly?
Keep in mind that no exchange is perfect. Usually, an exchange excels in one field and lags behind in another.
4. Best Ethereum Brokers
Best Wallet
Best Wallet is a secure and versatile cryptocurrency wallet that enables traders and investors to buy, sell, and trade digital assets like Bitcoin and Ethereum. The wallet comes with an in-built decentralized cryptocurrency exchange aggregator that helps traders find the best exchange rates and lowest transaction costs when conducting onchain token swaps. As Best Wallet supports the Ethereum blockchain, it offers access to Ethereum-based meme coins and other exotic tokens on decentralized exchanges.
Best Wallet supports a range of payment options, including credit/debit cards, bank transfers, PayPal, Apple Pay, and local options like GCash and PayNow, Best Wallet makes it easy to fund accounts globally. Its straightforward interface allows traders and investors to transact quickly, and advanced trading features offer lower fees for those who prefer in-depth trading tools over simple buy/sell options.
Are you ready to gain exposure to Ethereum using Best Wallet? Learn all about this user-friendly crypto wallet in our Best Wallet review.
Bitpanda
Bitpanda is a cryptocurrency broker that originally specialized in buying and selling Ethereum within the Eurozone but has now started expanding, starting with the UAE. Founded in late 2014, the company has grown to become one of the more popular options to purchase cryptocurrency around Europe. It offers many payment options and delivers coins to your wallet quickly and securely.
You can read my full Bitpanda review.
Kraken
Kraken is a well-established cryptocurrency exchange known for its strong security record and broad market coverage. The platform supports around 340 cryptocurrencies and offers more than 200 trading pairs, making it suitable for traders looking to access both major assets and a wide range of altcoins. Kraken provides standard spot trading fees of 0.16% for makers and 0.26% for takers, while users who trade on Kraken Pro benefit from significantly reduced fees of 0.02% maker and 0.04% taker. Launched in 2011, Kraken is widely regarded as one of the safest exchanges in the industry and has never experienced a security breach.
You can read my full Kraken review.
Crypto.com
Crypto.com is a regulated cryptocurrency exchange and broker that offers both simple crypto purchases and a full trading platform. The exchange supports credit and debit cards, bank transfers, ACH, SEPA, Faster Payments, and other local payment methods, depending on the region. The platform features a clean, user-friendly interface that allows users to buy Bitcoin, Ethereum, and more than 400 altcoins. For more experienced users, Crypto.com also offers an advanced exchange with lower trading fees compared to instant purchases, helping users save on costs when trading through the order book instead of the brokerage service.
You can read my full Crypto.com review.
CEX.io
CEX.io is one of the longest-running cryptocurrency exchanges, offering both brokerage and exchange services for over 200 cryptocurrencies. The platform allows users to buy and sell digital assets using credit and debit cards, wire transfers, including SEPA, domestic bank transfers such as ACH, and e-wallets like Skrill for EUR and GBP users. CEX.io’s interface is straightforward and beginner-friendly, making it easy to purchase Bitcoin, Ethereum, and other major cryptocurrencies quickly. For users who prefer lower fees, the exchange trading platform offers a volume-based fee structure, with taker fees starting at 0.25% and dropping as low as 0.01%, while maker fees can range from 0.15% down to 0%.
Coinbase
Coinbase is one of the most popular crypto exchanges in the world. The platform is considered one of the best brokers in the world because of its reputed brand, high security standards, onchain features and extensive library of educational resources. Taker and maker fees on Coinbase start at 0.6% and 0.4%. Other fees that crypto investors need to be aware of are blockchain gas fees which come into plat when you make onchain transfers to a crypto wallet.
Coinbase supports 100+ different countries including the US, Canada, UK, and New Zealand. Payment methods on Coinbase vary depending on your country of residence. For US residents, Coinbase accepts payment via ACH, debit card, wire transfer, and Apple/Google Pay – as well as being one of the few crypto exchanges that accept PayPal. Coinbase can act as a broker through its direct and easy buying service, or you can use the Coinbase Advanced Trade exchange if you’re a more experienced user.
Read why Coinbase is one of the best crypto exchanges in the world, whether it is for trading ETH or any other cryptocurrency in our Coinbase review.
5. Best Ethereum Trading Platforms
Best DEX
Best DEX is a decentralized Ethereum exchange that allows seamless swaps across all cryptocurrencies built on Ethereum. No registration is needed, meaning you can simply connect your wallet and start swapping coins. This makes it an excellent option for beginners and seasoned traders who want to take advantage of the platform’s simplicity. Since all the trades conducted on Best DEX is onchain, the transaction history will be publicly available for you to check and verify.
Aside from being incredibly useful, the Best DEX will also reward active traders by airdropping its native $BEST token over the coming months. Token holders will benefit from lower trading costs, access to new projects, staking rewards, and governance.
Visit Best DEXCoinFutures
CoinFutures is not like the other crypto exchanges on this list. It is a platform that is dedicated to crypto futures contracts trading. For context, futures contracts is an agreement between parties to buy or sell an asset at a predetermined price on or before specified future date. Without getting too technical on futures trading, let’s understand CoinFutures in a simplified manner.
On CoinFutures, you can speculate on the price movement of ETH without having to hold the crypto asset. Such as setup removes the hassle and need to secure and store digital assets, thereby allowing crypto traders to focus solely on the market.
A key feature of trading cryptocurrencies on CoinFutures is the use of leverage, which allows you borrow funds to take up market positions larger than what your available capital can afford. Leverage opens up opportunities for investors make outsized profits, however it also exposes investors to unlimited risks.
You can learn more about this unique cryptocurrency trading platform with 1000x leverage in our CoinFutures Review.
Visit CoinFutureseToro
eToro is a platform that allows the trading of digital assets such as Ethereum, Bitcoin, Ripple (XRP), Bitcoin Cash, and more. Note, US customers can only invest in Bitcoin, Bitcoin Cash, and Ethereum. It is very well-suited for people who are looking to make money from changes in Ethereum’s price (not available for US investors) but not so much for people who actually want to hold their Ether in their own wallet. The reason for that is that withdrawing your coins to your private wallet involves sending it first to your eToro wallet, which may take up to 3 days.
eToro is known to offer tight average spreads due to the high trading volume on the platform. What makes eToro unique is that the platform does not have maker fees and taker fees, instead eToro charges a 1% fee to open and close positions.
But what makes eToro one of the best crypto exchanges in the world is the variety of its listing. The platform allows user to invest in crypto holdings alongside stocks, commodities CFDs and Bitcoin.
Read our full eToro review for better understanding why eToro is one of the best crypto exchanges out there.
Important:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
Visit eToroBinance
Binance is a crypto-to-crypto and fiat-to-crypto trading platform that also supplies a brokerage service for buying cryptos with fiat currency. This means that you can either use your bank card or a bank deposit to buy Ethereum or deposit any other supported cryptocurrency and exchange it for Ethereum. The fees for using the brokerage service are, of course, much higher than the 1% transaction fee the trading platform charges.
Binance is the world’s most popular crypto exchange in terms of trading volume. The high trading volume allows average spreads on Binance to be lower compared to rival exchanges. The exchange also has incredible features such as margin trading, futures trading, copy trading, extensive meme coins listing, educational resources and more. In terms of the fee structure, Binance’s maker fees and taker fees starts at 0.1% and 0.1%, respectively. Other fees that traders may need to consider are funding rates for perpetual futures contracts trading and blockchain fees for onchain transfers.
Learn more in our Binance review where you will learn why Binance ranks among the most popular crypto exchanges in the world.
Visit BinanceMEXC
MEXC is a crypto-to-crypto and fiat-to-crypto trading platform that supports both spot and futures trading across an exceptionally large range of markets. The exchange lists over 2,800 cryptocurrencies, with more than 3,000 spot trading pairs and 700+ futures markets, making it one of the most asset-rich exchanges available. Users can buy crypto via bank transfers, credit and debit cards, P2P trading, third-party payment providers, or by depositing crypto directly.
MEXC is known for its aggressive leverage offerings, supporting up to 400x leverage on select futures contracts. The platform also stands out for its low fee structure, with spot maker fees set at 0.000% and taker fees capped at 0.050%. Backed by high-performance matching technology capable of processing up to 1.4 million transactions per second, MEXC delivers fast execution, deep liquidity, and strong performance even during periods of high market activity.
Read the MEXC review to learn more about this exchange.
6. Best Ethereum P2P Marketplaces
Best Wallet
Best Wallet’s P2P marketplace connects buyers and sellers directly, allowing traders to deal with real individuals and choose from various payment methods like PayPal, bank transfer, and GCash. While sellers on Best Wallet may set premiums to offset risks such as chargebacks, the platform’s escrow service safeguards both parties, often resulting in quicker transactions for buyers.
Visit Best WalletBinance P2P
Whilst also being an established crypto exchange, Binance also offers a P2P marketplace similar to LocalCoinSwap. Binance P2P supports many payment methods, including bank transfer, cash in-person, and other digital payment methods.
You can trade Bitcoin, Ethereum and popular altcoins on Binance’s P2P marketplace. Liquidity of popular crypto tokens such as BTC and ETH are usually very high which allows traders and clients to find the best crypto exchange rates.
Visit BinanceLocalCoinSwap
LocalCoinSwap is a marketplace where buyers and sellers connect directly. When you use LocalCoinSwap, you’re dealing with an actual person, which means that the seller’s credibility is another thing to watch out for.
As for fees, sellers will usually charge a premium since they’re taking a big risk of buyer chargebacks. The upside is that you will usually get your bitcoins faster.
You can read my full LocalCoinSwap review.
Visit LocalCoinSwapPaxful
Paxful is one of the most popular P2P crypto marketplaces, supporting individual buyers and sellers with a massive range of payment methods. Users can offer anything from cash to debit or credit cards, bank transfers, and even gift cards. They accept PayPal as well. At some point Paxful wanted to get rid of ETH, but after some drama around its CEO Ray Youssef and the company being taken over a different team the platform kept it on.
Similar to LocalCoinSwap, crypto traders should be aware of the risks associated with individual sellers and do their due diligence before transacting with users on the platform.
You can read my full Paxful review here.
Visit Paxful7. Conclusion
Almost all crypto exchanges listed ETH on their platform, since Ethereum is one of the most popular digital assets in the world and the second-largest cryptocurrency by market cap.
When it comes to choosing the best crypto exchanges, the main thing is to ensure your country and preferred payment method are supported. For beginners, it’s better to use a simple exchange like the Best DEX with low fees and rewards or a brokerage service and pay a bit of a premium.
Visit Best DEXFAQs:
Where can I buy Ethereum?
You can buy Ethereum on centralized crypto exchanges such as Binance and eToro. These platforms are known for their user-friendly interface. You can also use Best Wallet to buy Ethereum.
How to buy Ethereum?
To buy Ethereum, choose an exchange, create an account, deposit funds, purchase ETH, and transfer it to your wallet.
Where to trade Ethereum?
You can trade Ethereum without having to own the cryptocurrency on CoinFutures, where you try to predict where the price of ETH will rise or fall.
References:
Coinbase. “Exchange Fees.” Coinbase Help, https://help.coinbase.com/en/exchange/trading-and-funding/exchange-fees.
U.S. Commodity Futures Trading Commission. “Futures Market Basics.” CFTC, https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/FuturesMarketBasics/index.htm.
99Bitcoins. “Binance Review: Is Binance Safe & How Much Are Fees?” 99Bitcoins, https://99bitcoins.com/bitcoin-exchanges/binance-review/.
99Bitcoins. “Best Wallet Review: The Ultimate Guide to the Non-Custodial Crypto App.” 99Bitcoins, https://99bitcoins.com/bitcoin-wallet/best-wallet-review/.
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