In this article, we’ll take a look at the top six best Ethereum (ETH) exchanges & brokers. We’ll also consider their respective fees, security measures, customer support, fees, and other features so that you can make an informed decision.
ETH is one of the most prominent coins in the world of cryptocurrencies today. Its platform has enabled developers around the world to create decentralized applications or DApps for a variety of use cases such as finance, gaming, insurance, and more. As a result, ETH has become widely adopted by many companies and individuals alike as a reliable store of value.
Start by selecting a crypto trading platform from where you would like to buy cryptocurrencies. This can be an exchange, a crypto brokerage, or even a peer-to-peer crypto trading platform. Create a user/crypto trading account on the platform.
Deposit cash into the crypto trading account you just created. Look at the payment methods supported by the crypto exchange/brokerage and use one to deposit funds into the account.
Buy Ethereum from the platform. In the case of an exchange, you can buy Ethereum from the open markets or by placing a limit order on the order book. In the case of a brokerage, you buy Ethereum directly from the broker or from your peers in a peer-to-peer trading platform.
Before detailing the process of buying Ethereum on some of the best platforms, we need to go over some of the factors that you need to consider when choosing the best platform to buy Ethereum.
The eToro social trading platform started in 2007 as an online brokerage and only introduced Ethereum CFD trading in 2017. Today, it has grown into one of the largest social investing platforms and one of the best places to buy Ethereum. It provides the platform users with a highly intuitive trading interface, a host of advanced trading tools, market research and analysis tools, and client support services.
It is, nevertheless, best known for its social trading feature that allows for smooth networking between pro and beginner traders on the platform. It gives novice crypto traders the opportunity to benefit from mentorship from pro traders. eToro allows them to earn as they learn by copying the Ethereum trading settings of highly successful crypto traders.
The processes of registering a trader account and buying Ethereum on eToro are fast and straightforward. The highly versatile platform makes it possible for you to buy Ethereum with a credit card, eWallets like PayPal/Skrill/Neteller, and even cash via bank transfers.
eToro provides custody services for cryptocurrencies purchased on the platform. They will even provide each of their users with a free standalone crypto wallet app.
The Ethereum trading fees on eToro are quite competitive. For instance, unlike most other trading platforms, eToro doesn’t charge you a brokerage commission when you sell or buy Ethereum CFDs. It maintains a competitive and fixed 1.90% spread for all Ethereum transactions. Additionally, eToro doesn’t charge overnight fees to buy Ethereum (long) trades. Short/sell Ethereum trades, however, carry a -$0.300336.
Other charges imposed by eToro include a $5 withdrawal fee. There is also a 0.1% conversion fee when you wish to convert Ethereum assets to any other crypto when using the eToro wallet. You will also pay 20% of the profits earned from buying Ethereum using copied trade strategies and a $10 monthly fee for inactive accounts.
The minimum trading size for buying Ethereum on eToro is $25. You get to trade on both the eToro web trader and the eToro mobile app. You can also use the newly established eToroX that’s specially designed to serve expert and institutional crypto investors. On either platform, you get to interact with 5 ETH trading pairs (both fiat and crypto).
In the section below, we highlight the step-by-step process of buying Ethereum with a credit card, how to buy Ethereum with PayPal, and how to buy Ethereum with bank transfers on eToro.
Check out our full eToro review 2023 for more information.
Note: eToro has USD as its only base currency. Therefore, deposits into your eToro account using other fiat currencies will be subjected to a 2% currency conversion fee. Additionally, the minimum deposit for a credit card or a debit card is $200. Further, the ETH purchased will be delivered to your eToro exchange wallet and you will need to first move them to the eToro mobile wallet if you wish to send them to a third-party wallet or exchange.
The Capital.com trading broker is arguably one of the most technologically advanced crypto trading platforms. It makes it to our list of the best places to buy Ethereum because of its intuitive interface and AI-powered platform. Some of its key strengths include relatively fast transaction processing speeds, competitive fees, and highly advanced trading tools. These range from technical indicators, multiple chart layouts, price alerts, and advanced risk management tools.
You also get to buy Ethereum on an artificially intelligent trading platform. This feature makes it possible for the platform to personalize your interactions and present you with highly personalized trade insights. You can, for instance, use it to monitor the second-by-second price fluctuation for Ethereum and other cryptos. The AI-Powered platform will even create multiple watchlists for different Ethereum pairs.
Note, however, that you can only trade Ethereum CFDs on Capital.com.
The process of registering a trader account on Capital.com and making your first Ethereum transaction is easy and straightforward. The broker exchange doesn’t charge a commission for your Ethereum trades- and neither does it maintain hidden fees. The spreads are also highly variable.
Capital.com doesn’t charge deposit or withdrawal processing fees. Leveraged Ethereum trades on the platform also attract highly variable and competitive overnight trading fees. For example, an ETH/GBP trade utilizing a 50% margin would attract -0.05% for long positions and 0.14% for short trades. This fee kicks in at 01.00 UTC.
Currently, Capital.com offers 10 ETH-based trading pairs (against both crypto and fiat). You have the option of buying and selling these trades on either their web trader or the mobile app platforms. The minimum trading size on the platform is 0.01 ETH.
Let us look at the step-by-step process of buying Ethereum with a credit card, PayPal, and Bank transfer on Capital.com.
For more information, check out our detailed Capital.com Review 2023.
Note: The minimum deposit amount into a Capital.com account is £20. The leverage is capped at 1:2.
The Coinbase crypto trading platform is arguably one of the largest and most popular crypto exchanges. It makes it to our list of the best exchanges to buy Ethereum because of its deep liquidity, user-friendliness, and fast order processing. It is also one of the safest crypto trading platforms as it has not only put in place adequate measures for Ethereum traders but has also insured client deposits. On the renowned exchange, you can buy ETH using either cash or other cryptos.
Creating a user account on Coinbase and buying your Ether altcoin is a straightforward process. The exchange is available both as a web trader and a mobile app. Recently, Coinbase introduced Coinbase Pro, a trading arm of the company dedicated to professional and institutional crypto traders. Both platforms offer several Ethereum pairs, but Coinbase Pro offers more competitive trading fees.
Coinbase does not support crypto derivatives. You can only buy actual Ethereum coins on Coinbase that you can choose to hold in your account or in the free and standalone Coinbase wallet. The exchange, therefore, does not charge overnight trading fees. You will have to part with a fixed 1.49% fee for every Ethereum transaction (both buy and sell orders) on the platform.
The minimum Ethereum trade size on Coinbase is $25, and you get to interact with more than 10+ Ethereum pairs on the platform.
In this guide, we look at the step-by-step process of buying Ethereum with a credit card and via bank transfer.
Check out our complete Coinbase review 2023 for more information.
Note: It takes a few minutes to add a payment method and buy Ethereum with a credit card on Coinbase. The minimum initial deposit for credit cards is $/€/£20.
The Binance crypto exchange is the largest crypto exchange in the world and one of the most popular platforms for buying Ethereum. Like in the case of Coinbase, you can only buy actual Ethereum coins and not ETH derivatives like Ethereum CFDs on Binance. The exchange is also quite versatile and allows you to buy Ethereum with cash. Here, you choose to buy ETH instantly with a card or make a deposit into your account via bank.
Binance makes it to our list of the best crypto exchanges in the world because of its affordability and deep liquidity. It has one of the broadest global reach (available in over 200 countries and territories). It also has an equally expanded user base that ensures orders are fulfilled as soon as they are placed. It is also a highly secure and recently launched insurance cover – SAFU – for their client deposits.
You can also buy ETH on Binance using other cryptocurrencies like Bitcoin or BNB coins on Binance. Further, you have the option of buying Ethereum via the Binance web trader or their Binance Mobile app. Registering on either platform and buying platforms and the process of buying ETH UK is quite straightforward. Both host a wide range of highly advanced trading, market research, and analysis tools.
On Binance, you get to interact with 20+ Ethereum pairs. There are no overnight trading fees when buying Ethereum on Binance, and neither are there trading commissions. You will, however, pay a maker-taker fee that is largely dependent on your 30-day trading volumes. These rates range from 0.0100% to 0.0200%. And you stand to benefit from a 50% fee discount if you pay for the transaction using Binance Coin. The minimum trade size for buying ETH on Binance is 0.001 ETH.
Let us go over the step-by-step process of buying Ethereum with a credit card on Binance.
Our detailed Binance review 2023 covers everything about the broker, check it out.
Note: It takes a few minutes to process Ethereum purchases with cards on Binance. The minimum trade amount for buying ETH UK on Binance is £1 and they will be delivered to your Binance exchange wallet. You are however free to move the purchased tokens to the Binance-linked Trust wallet app, third-party crypto wallet, or exchange.
Coinmama is neither a crypto exchange nor a crypto brokerage. It is an instant buy platform with its headquarters in Israel but offering crypto services in 180+ countries across the world. It stands out from the crowd because you can only buy Ethereum but cannot sell the altcoin here. Unlike most other exchanges and brokerages, you also do not get to interact with other crypto traders because you deal with Coinmama’s platform directly.
The crypto trading platform features on our list of the best places to buy Ethereum because of its fast translation processing speeds. It also has one of the easiest crypto buy processes that appeal to both professional and novice traders. The buying process is also quite straightforward and the trading platform supports multiple payment methods including credit cards & debit cards, Apple Pay, GiroPay, Bank wire, Swift, SEPA, and more.
Coinmama started in 2013 as an instant trading platform where crypto enthusiasts could buy and sell Bitcoin. Over the years, however, it has integrated eight more cryptocurrencies and altcoins – including Ethereum.
Note that Coinmama is non-custodial and doesn’t offer wallet or crypto storage services. You will need to first acquire a digital wallet before initiating the process of buying Ethereum here. Further, the minimum trading limit is $50 and Coinmama maintains a transaction fee of 0.00% and 5% which is subject to discounts if you subscribe to Coinmama’s loyalty program.
Note: Transaction processing on Coinmama is almost instantaneous and the purchased ETH will be released to your wallet immediately. How long it takes the balance to reflect in your wallet will, however, depend on Ethereum network congestion.
Kraken has time and again been described as one of the safest platforms for buying Ethereum and other cryptocurrencies. It is one of the longest-standing and highly successful crypto exchanges, having been started in 2011. Over the years, Kraken has cultivated a reputation of trust and reliability by subjecting its platform to regulation from multiple agencies across the world and being the first exchange to carry out a proof of reserve audit.
Some of the factors that help Kraken make it to our list of the best places to buy Ethereum include its user-friendly trading platform and transparent as well as highly competitive trading fees. There are no hidden fees and the platform lets you view the different charges acting on your trading platform before you press the buy/sell button.
Unlike most of its equally popular exchanges, however, Kraken doesn’t offer a crypto wallet. They can store your crypto on behalf in the Kraken exchange but the exchange does not offer an external personalized crypto wallet service.
After exploring the different ways to buy Ethereum, we now need to explore alternative ways of getting Ethereum. Most of these do not require you to go through a crypto trading platform and neither do they call for significant initial deposits.
Ethereum, like the Bitcoin blockchain, uses the proof of work consensus mechanism. This implies that computer power contributors also referred to as miners are rewarded with ETH tokens when they verify and confirm transactions on the network. You too could invest in mining hardware and contribute computational power to the ETH network in exchange for ETH tokens.
Ethereum faucets are websites that reward contributors with free ETH tokens when they complete different micro-tasks listed on the site. These tasks range from testing mobile apps, laying video games, watching marketing videos, clicking on affiliate links, completing surveys or puzzles, completing captcha, and more. These tasks take a few minutes and require no special skill.
You may receive Ethereum as a gift or tip from crypto investing friend or acquaintance. Given the popularity of cryptocurrencies, it is now becoming commonplace for acquaintances, colleagues, and friends to gift each other such cryptos as Ethereum. If you are creative or offer different services online, you are also likely to receive donations and tips in form of ETH tokens if you include an ETH wallet address in your tip basket.
Ethereum is increasingly gaining acceptance as a medium of exchange and store of value. If you run a crypto-friendly merchant or offer premium services online, you will often come across individuals looking to pay for goods and services via Ethereum.
Now that you have learned of the most common and some alternative ways of getting Ethereum, let us now turn our focus on what you can do with the recently acquired Ethereum.
Ethereum (ETH) is one of the most sought-after cryptocurrencies in the world today. With its low transaction fees, fast transaction times and highly secure platform, it is easy to see why so many people are drawn to investing in ETH. There are many great places to buy ETH, as we’ve listed above. Each of these platforms offers its own unique features that make them attractive to different types of investors. Choose the one that best suits your needs and let’s get down to business!
It depends on what you’re looking to achieve. Ethereum has different features and benefits than bitcoin, so it really comes down to what your goals are. If you’re looking to just HODL or trade cryptocurrencies, then it might make sense to convert your bitcoins to Ethereum (or vice versa). But if you’re looking for a different use case that Ethereum provides, such as smart contracts, then it might not be the best idea. Really, it all comes down to what you’re trying to do with your cryptocurrencies.
It depends on your investment goals and risk tolerance. However, Eth generally has been a good investment since its inception, and many experts believe it has the potential to continue outperforming in the coming years.
There are a few different ways to trade Ethereum, but the easiest way is on an online exchange. Some of the most popular exchanges include the ones listed above. Once you have created an account on a given exchange, you will be able to add a payment method and then purchase Ethereum by following a few simple steps. Be sure to always double-check the platform before submitting your personal information.
It depends on your goals and what you hope to achieve with Ethereum. If you’re looking to make short-term gains, then probably not. However, if you’re thinking long-term and want to hold Ethereum as a way to participate in the future of blockchain technology, then it could be a good investment.