Best Ethereum Trading Platforms

Overview

Ethereum is the second-largest cryptocurrency in the world where market capitalization and market awareness are concerned, closely behind the dominant Bitcoin.

Ethereum has seen increases in trading volumes over the years and more investors are diversifying their portfolios with ETH, especially when there are volatile price movements experienced in Bitcoin.

To trade Ethereum, traders need to use a trading platform that supports this cryptocurrency, and the following 15 trading platforms are currently the best in the industry.

Luno

Features

Luno is a popular cryptocurrency trading app and exchange that has been in operation since 2013, offering its comprehensive trading services to more than 40 countries worldwide.

Luno aims to simplify the process involved with buying, selling, and trading blockchain assets, especially for beginner traders.

Luno offers the trade of Bitcoin, Ethereum, Ripple, and more, and the Luno app has some notable features that make it one of the best cryptocurrency trading platforms in the industry.

Pros and Cons

Gemini

Features

Gemini is one of the go-to Ethereum trading platforms for active traders and those who want to invest large amounts. Gemini is heavily regulated, and it has many SOC certifications. Gemini is suitable both as a cryptocurrency exchange and a broker.

Traders can use short-term trading strategies when they trade Ethereum and the fees that traders can expect are competitive, from as little as 0.5% per side.

Pros and Cons

Coinmama

Features

Coinmama is a popular Ethereum trading platform with an emphasis on simplified solutions. Coinmama cannot be considered an exchange as it facilitates the purchase of Ethereum using debit cards and credit cards.

Once traders have completed their purchase, Coinmama will transfer the coins to the trader’s Ethereum wallet address. To purchase Ethereum on Coinmama, traders must go through an extensive Know Your Client (KYC) process that will require several different documents including Identify Documents, and a photo of the trader holding their ID.

Pros and Cons

Binance

Features

Binance is the perfect day trading platform where traders can buy and sell Ethereum. It is a top-rated cryptocurrency trading platform that offers hundreds of Ethereum-based crypto pairs including ETH/USDT, ETH/BTC, ETH/XRP, and many others.

Binance allows traders the chance to start trading Ethereum with a small commission charge of 0.1%, which is significantly cheaper than what other exchanges charge.

Binance is especially popular with active traders as well as day traders because of the variety of advanced features and tools that it offers. Apart from real-time price quotes and chart capabilities, Binance also offers high liquidity, and several other tools and resources.

Pros and Cons

Coinbase

Features

Coinbase is the largest and most recognized cryptocurrency broker, exchange, and trading platform in the world, with more than 35 million clients from around the world.

One of the largest benefits of using Coinbase is that the platform is easy to use, and traders do not have to worry about complicated jargon, intimidating charts, or confusing technical systems.

Coinbase offers the use of a comprehensive day trading facility, Coinbase Pro, offering traders additional trading pairs, charts, analysis tools, and lower fees.

Pros and Cons

eToro

Features

eToro is a well-regulated and popular broker that has more than 20 million users from around the world. eToro offers traders access to several different financial markets including exchange-traded funds (ETFs), commodities, stocks, forex, and 16 different digital currencies.

This includes Ethereum alongside the likes of EOS, Cardano, Litecoin, Bitcoin, and several other crypto assets. One of the most attractive features of eToro is that traders are given the benefit of commission-free trading, with free account sign-up and a competitive monthly or annual platform fee.

Pros and Cons

CEX.IO

Features

CEX.IO is a multi-functional crypto trading platform and exchange that is based in the United Kingdom. CEX.IO is a popular choice for both retail traders and experienced investors who want to trade Ethereum, Bitcoin, Bitcoin Cash, and several other crypto assets.

CEX.IO offers a powerful proprietary trading platform that can be used on web browsers as well as Android and iOS mobile devices. Traders are provided with an advanced order matching algorithm, a high-liquidity order book, and a wide range of useful trading tools.

Pros and Cons

Changelly

Features

Changelly is one of the most well-known crypto exchanges and trading platforms that is based in Hong Kong, offering the trade of more than 150 different crypto assets including Litecoin, Ethereum, Ripple, Bitcoin, Ethereum Classic, Bitcoin Cash,

Changelly offers its clients a user-friendly and intuitive trading platform, a variety of trading tools, educational resources, and 24/7 customer support in multiple languages.

Changelly guarantees fast trade execution, high trading volumes, and a comprehensive mobile app that attracts more than a million visitors monthly.

Pros and Cons

Bitstamp

Features

Bitstamp is a popular cryptocurrency exchange and crypto trading platform that is based in Europe, catering to the different cryptocurrency trading needs of both beginners as well as professional traders.

Bitstamp has a comprehensive proprietary trading platform where a wide range of crypto assets can be traded including Litecoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin, Litecoin, and Stellar.

When using Bitstamp, traders have access to a variety of useful trading tools, educational materials, and more.

Pros and Cons

Huobi

Features

Huobi is one of the leading crypto exchanges and blockchain service providers in the crypto market. Huobi is well-known for being one of few crypto exchanges that offer up to 3 times leverage for spot trading digital currencies, and it experiences a daily trading volume that exceeds $9 billion (127 billion ZAR).

Huobi offers a wide range of tradable digital currencies including Litecoin, Ethereum, Ripple, and several others.

Huobi’s development team provides a trustworthy and professional service to global clients from more than 130 countries. Huobi is also collaborating with several countries to develop blockchain technology and real-world blockchain applications such as smart contracts, and several others.

Pros and Cons

StormGain

Features

StormGain is an online crypto trading platform that allows traders to buy, sell, and exchange different cryptocurrencies. Novice and advanced traders have the option to hold, exchange, and trade crypto with competitive transaction fees.

In addition to this, StormGain also supports the use of various trading signals and offers extensive educational materials. The StormGain crypto platform is easy to use and has mobile app capabilities available to both Android and iOS devices.

Alternatively, traders can use StormGain over most web browsers without the need to download or install the trading software.

Pros and Cons

LinkCoin

Features

LinkCoin is a Canadian-based crypto trading platform and exchange that accepts fiat currency, as opposed to its competitors who typically only accept crypto deposits.

LinkCoin has been in operation since 2017 and is a decentralized exchange that allows traders to post advertisements in which they offer cryptocurrency at a certain quoted price, either when buying or selling.

If other investors are interested in the offer, they can purchase or sell cryptocurrency using fiat currency as payment.

Pros and Cons

Coinigy

Features

Headquartered in the United States, Coinigy is a crypto trading platform that works according to a monthly subscription. Coinigy offers a simplified approach to the trading of a variety of coins including Bitcoin, Ethereum, and many others.

Coinigy is well-known for its simplified cryptocurrency portfolio management by employing a variety of helpful tools. With Coinigy, traders can use comprehensive charting, price alerts, mobile app capabilities, and the ability to trade on other exchange accounts using an API.

Coinigy caters to both professional and beginner traders and funds are not held in on-site storage, adding additional security for traders as many other trading platforms and centralized exchanges are often targets of cyber-attacks.

Pros and Cons

Bisq

Features

Bisq, formerly known as Bitsquare, is an open-source crypto trading application that provides traders with a peer-to-peer trading environment in which they can buy and sell a wide variety of cryptocurrencies including Ethereum, Dogecoin, Litecoin, Bitcoin, Ethereum Cash, Bitcoin Cash, and several others.

Bisq is a decentralized exchange that facilitates the trade of cryptocurrencies between different participants in the crypto market. Both the buyer and the seller are required to make a security deposit that serves as a holding fee until the transaction is settled.

Pros and Cons

Poloniex

Features

Poloniex is a well-established online crypto trading platform and exchange that allows traders access to the crypto market, with the option of trading TRON, Ethereum, EOS, Bitcoin, and several other cryptocurrencies.

Traders can trade more than 60 crypto assets and the exchange offers a powerful proprietary trading platform available on web browsers and mobile devices.

Poloniex also offers access to a wide range of trading tools, educational materials, and dedicated customer support.

Pros and Cons

FAQ

Are cryptocurrency exchanges worth it?

This will depend on our individual investment needs and goals. Exchanges provide the perfect platform where cryptocurrencies can be exchanged at competitive prices.

Which are the best cryptocurrency exchanges to buy and trade Ethereum?

There are many, but the 15 provided on this list are the best in the industry.

Should I buy Ethereum?

Ethereum is extremely popular, and it is one of the most traded cryptocurrencies in the world. Whether you buy or sell Ethereum will depend on your investment goals and the market conditions.

How is the price of Ethereum calculated?

The price of all cryptocurrencies is determined by supply and demand.

Do I need to purchase one unit of Ethereum to hold some Ether?

No. Ethereum along with many other cryptocurrencies is divisible.

Is Ethereum volatile?

Yes, most cryptocurrencies are volatile because of rapid changes in their price due to supply and demand.

How can I store my Ethereum?

You need a digital wallet, especially offline storage that will keep your funds safe from hackers. When you want to use your ETH, you can transfer the right amount that you need to a hot wallet or online storage.