Ethereum is the world’s second-largest cryptocurrency in terms of market capitalization and general market awareness. If you want to buy or trade this popular digital coin, you’ll need to find a top-rated platform.
In this guide, we review the best Ethereum trading platforms to consider in 2021. We also show you how to get started with your first Ethereum trade at a regulated, commission-free platform!
In This Guide
Below you will find a list of the best Ethereum trading platforms in the market right now. Scroll down for a full review of each provider to ensure it meets your needs!
Put simply, there are hundreds of Ethereum trading platforms active in the online space. The key problem is that most of them operate without a regulatory license.
As such, not only do you need to ensure your trading funds are safe, but that the provider offers competitive fees and support for your preferred payment method.
Taking this into account, below you will find the best Ethereum trading platforms to consider in 2021.
eToro is a regulated online broker with more than 17 million clients using its beginner-friendly platform. On top of stocks, ETFs, forex, and commodities, this top-rated provider gives you access to 16 digital currencies that you can buy.
This does, of course, include Ethereum – alongside the likes of Bitcoin, Ripple, EOS, Cardano, Litecoin, and more. Perhaps the most attractive aspect of using eToro to trade Ethereum is that the platform is 100% commission-free. It costs nothing to register and you will be charged a monthly or annual platform fee.
eToro is also a popular choice with newbie crypto investors as the minimum stake is just $25. This allows you to buy Ethereum in a risk-averse manner, as there is no requirement to invest large amounts. Additionally, eToro is also home to a number of crypto-cross pairs. This means that you can trade Ethereum against other digital currencies. Once again, you can access these markets in a commission-free manner.
It goes without saying that inexperienced crypto investors also find the eToro Copy Trading tool of interest. This social trading platform allows you to select a seasoned crypto trader and then copy their buy and sell positions. Or, you might consider a crypto CopyPortfolio at eToro. This gives you access to a diversified basket of digital currencies that are weighted, based on market capitalization. These Copy Portfolios are professionally managed by eToro, so you can invest in the crypto industry passively.
Both of the aforementioned automated trading tools can be utilized at no extra cost. In terms of payments, eToro really stands out. While the likes of Coinbase charge 3.99% on debit card deposits, eToro charges just 0.5%. Plus, if you’re from the US, there is no deposit fee at all. Other supported payment methods include Credit Cards, Paypal, Neteller, Skrill, and bank transfer. The minimum deposit is $50 for those in the US, and $200 elsewhere.
When it comes to safety, eToro is one of the most regulated crypto brokers in the online space. Not only is the platform registered with FINRA in the US, but it is also authorized and regulated by the FCA, ASIC, and CySEC. Finally, we should also mention the eToro mobile app – which allows you to buy, sell, and trade Ethereum at the click of a button. This is free to download and is compatible with iOS and Android devices.
If you want to trade on your mobile, eToro also offers one of the best trading apps we’ve come across!
75% of retail investors lose money trading CFDs at this site
Coinbase is by far the largest and most recognized cryptocurrency broker globally - with more than 35 million clients under its belt. The crypto and Bitcoin trading platform has grown so quickly since its inception in 2012, that it is expected to go through its stock market IPO process in the coming months.
Perhaps the biggest benefit of choosing Coinbase is that the platform is really easy to use. You don't need to worry about complicated crypto jargon or intimidating technical charts - as the process of opening an account and trading Ethereum could not be simpler.
If you want to fast-track the process, Coinbase allows you to buy Ethereum instantly with a debit card. This does, however, attract a rather hefty commission of 3.99%. This means that a $1,000 purchase would leave you with just over $960 worth of Ethereum.
With that said, the other option is to transfer funds into Coinbase from your bank. This is usually free, albeit, you'd need to wait several days for the funds to arrive. If you do take this option, you will pay an Ethereum trading commission of 1.49%. You will again need to pay this commission when you cash your Ethereum coins back to fiat money.
Although Coinbase is arguably one of the most expensive Ethereum trading platforms in the space, it does offer top-notch security. In terms of internal controls, this includes keeping 98% of client funds in cold storage. The balance is kept in hot wallets to facilitate fast withdrawals. From your end, Coinbase offers two-factor authentication, address whitelisting, and more.
We should also mention that this popular broker also offers a day trading facility - Coinbase Pro. This comes with a lot more trading pairs, charts, analysis tools, and crucially - lower fees. When it comes to storage, you can keep your funds in your Coinbase web-wallet. For added security, you might consider withdrawing your Ethereum out to a private wallet.
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Your money is at risk.
If you are looking for a day trading platform to buy and sell Ethereum, then Binance is well worth considering. This top-rated cryptocurrency exchange offers the perfect balance between low fees and supported markets.
Regarding the latter, Binance offers hundreds of Ethereum-based pairs. This includes everything from ETH/USDT, ETH/BTC, ETH/XRP, and more. In fact, you can also trade Ethereum against smaller, ERC-20 tokens.
In terms of fees, Binance allows you to trade Ethereum at a small commission of just 0.1%. This is significantly cheaper than what you will get at Coinbase. You can get this commission fee down even further by holding a quantity of BNB Coins - which is the native cryptocurrency of this Ethereum exchange. Large trading volumes will also get you reduced commissions.
On the flip side, if you are planning to deposit funds with a debit or credit card, Binance is a bit expensive. This will cost you 3.5% in the US and 2% in other regions like the UK. Much like Coinbase, you can usually deposit funds for free should you opt for a bank transfer. There is no support for e-wallets like Paypal.
Nevertheless, the Binance trading platform is particularly popular with day traders, as it comes packed with advanced features and tools. On top of real-time price quotes and chart reading capabilities, Binance is home to some of the largest trading volumes in the crypto space. Often at times, this will sit between $10-$20 billion per day.
In terms of security, Binance isn't a regulated entity like eToro. It does, however, have numerous safeguards and controls in place that ensure your funds are kept safe. This includes wallet address whitelisting, email notifications, and two-factor authentication. There is also a reserve pot that is funded by transaction fees. This is in place to cover users in the event of a hack.
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Coinmama is an Ethereum trading platform that likes to keep things simple. In fact, technically speaking, it's not actually a trading platform per-say. Instead, Coinmama allows you to buy Ethereum at the click of a button with your debit/credit card.
Once you complete the purchase, Coinmama will instantly transfer the coins to your Ethereum wallet address. As such, there is no option to keep your Ethereum funds on the Coinmama website. This is worth bearing in mind, as you will need to have a basic understanding of how private wallets work.
Nevertheless, before you can buy Ethereum on Coinmama, you do need to go through a KYC (Know Your Customer) process. This requires several documents from you - such as your passport and a selfie of you holding your ID. Once you get this out of the way, it takes just minutes to buy Ethereum.
Perhaps the main drawback with this user-friendly Ethereum trading platform, is that it charges extortionate fees. In fact, Coinmama is even more expensive than Coinbase. For example, you will be charged a debit/credit card fee of 5%. Don't forget, you can pay just 0.5% on eToro and nothing if you are from the US.
Additionally, Coinmama also charges a mark-up of 2%. This means that you are buying Ethereum at 2% more than the average market rate. As such, you would need to see your Ethereum investment increase by 2% just to break even. If that wasn't enough, Coinmama also charges a trading commission of 3.90% when you buy Ethereum, and 0.90% on all sell orders.
You can reduce the aforementioned fees slightly by opting for a SEPA or SWIFT transfer. For example, bank transfers cost a flat rate of £20 (if less than $1,000), which is much more affordable than the 5% debit/credit card charge. Finally, Coinmama supports 7 cryptocurrencies in addition to Ethereum - including the likes of Bitcoin and Litecoin.
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Gemini is often the go-to Ethereum trading platform for those that plan to invest large amounts. This is because the platform is heavily regulated in the US. This includes regulation in New York as a trust company and regularly audited by the New York Department of Financial Services.
It also holds various SOC Certifications and crucially - USD deposits are covered by the FDIC. In terms of supported markets, Gemini is suitable as both an exchange and broker. Regarding the latter, you can easily deposit funds with fiat currency and purchase an allocation of Ethereum coins.
Or, you can trade Ethereum against the US dollar - should you want to take a short-term trading strategy. When it comes to fees, Gemini is on the expensive side, as you'll pay a commission of 0.5% per slide. This means you'll be charged 0.5% when you enter and exit the market.
In comparison, Binance charges just 0.1% while eToro is commission-free. Nevertheless, Gemini has since launched its very own payment card that allows you to spend your cryptocurrency holdings. This comes with several perks - such as being able to earn 3% cashback on your purchases - with the rewards paid in Bitcoin.
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Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
Launched in 2013, Luno is a popular cryptocurrency exchange that is now active in over 40 countries. The platform aims to make the process of buying, selling, and trading blockchain assets seamless - especially for beginners.
There are several notable features that ensure Luno makes the cut as one of the best Ethereum trading platforms in the space. Firstly, it takes just minutes to buy Ethereum with your debit card. Once you have uploaded a copy of your ID, you will benefit from trading commissions of just 0.1%.
With that said, if you're planning to deposit funds with a debit card, this will cost you 3.5%. As such, it's worth considering other deposit options - such as funding your account with another cryptocurrency. An additional stand-out feature offered by Luno is its crypto savings accounts.
This allows you to earn up to 4% in interest per year by locking your crypto holdings away for a set period of time. You will, however, need to exchange your Ethereum for Bitcoin to benefit from this. In terms of key Ethereum trading tools, Luno provides advanced charts via TradingView and you will have access to a wide range of flexible order types.
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By heading over to CoinMarketCap, you will see that there are hundreds of platforms and exchanges that allow you to trade Ethereum from the comfort of your home.
This can make it challenging to find a provider that meets your trading needs. For example, your chosen platform needs to support your preferred Ethereum market at competitive fees and commissions. You also need to consider payments, customer support, and safety.
To make this process easier for you, below we list the many metrics that need to be considered in your search for the best Ethereum trading platforms of 2021.
We mentioned just a moment ago that there are hundreds of Ethereum trading platforms now active in the online space. The key problem here is that most crypto-based exchanges are unregulated.
Although such providers are few and far between, the best Ethereum trading platform of 2021 - eToro, is regulated on three fronts.
This includes a fully-fledged license with the FCA, CySEC, and ASIC. If you're based in the US and looking to trade Ethereum safely, eToro is also registered with FINRA.
As the world's second-largest cryptocurrency in terms of market capitalization, it makes sense that there are plenty of ways to trade Ethereum. With that said, we can generally break these marketplaces down into two key asset classes - crypto-to-fiat pairs and crypto-cross pairs.
When trading crypto-to-fiat pairs, you are speculating on the exchange rate between a cryptocurrency like Ethereum and a fiat currency like the US dollar. In fact, ETH/USD is the most traded Ethereum pair in the space.
In simple terms, you are looking to predict whether Ethereum will increase or decrease in value against the dollar.
Some Ethereum trading platforms - such as eToro, also support other fiat currencies that can be traded against Ethereum. This includes the British pound, Euro, and Japanese yen.
The vast majority of Ethereum trading platforms do not offer fiat-to-crypto pairs, as they do not have the legal remit to do so. To counter this, unregulated exchanges will allow you to trade ETH/USDT.
For those unaware, USDT is a cryptocurrency known as Tether and it is pegged to 1 USD. As such, you are effectively trading the price of Ethereum against USD, albeit, this is still classed as a crypto-cross pair as you are not touching real-world dollars.
Additionally, the best Ethereum trading platforms offer an abundance of other crypto-cross pairs that contain Ethereum. For example, you can often trade Ethereum against Bitcoin (ETH/BTC), Litecoin (ETH/LTC), and Ripple (ETH/XRP).
If you are sure that your chosen Ethereum trading platform is regulated and offers your preferred markets, you then need to explore what fees you will be expected to pay. A lot of platforms in this space are known to charge excessively to trade Ethereum - especially if you are planning to deposit funds with a debit or credit card.
With this in mind, below we discuss the main fees that you need to look out for in your search for the best Ethereum trading platform for your needs.
We should start with deposit fees, as you will need to fund your account before you can start trading Ethereum online. As we covered in our reviews of the best Ethereum trading platforms, using a debit/credit card to deposit funds can be costly.
The good news is that regulated broker eToro allows you to deposit funds at a fee of just 0.5%. If you're US-based, this fee is waived in its entirety. This is the case across deposits made with a debit card, credit card, bank transfer, and even e-wallets.
In a similar nature to forex trading platforms and stock trading platforms, you will need to pay a commission when you trade Ethereum online. After all, trading platforms, brokers, and exchanges are in the business of making money.
Once again, commissions can vary wildly depending on which platform you sign up with.
eToro does, however, come out on top again - as it allows you to trade Ethereum and 15 other digital currencies in a 100% commission-free environment.
The spread is often overlooked by newbies as they simply don't understand what it is. This isn't to the fault of inexperienced traders per-say, as platforms rarely let you know that you are paying a spread.
Put simply, it's the difference between the buy and sell price of the Ethereum pair you are trading. In percentage terms, if the spread was 2.5%, this means that you are entering the trade at 2.5% in the red.
Spread at eToro will cost you around 0.75% when trading Ethereum against the US dollar. This can, however, vary throughout the day depending on wider market conditions.
In a similar nature to the spread, you also need to explore whether your chosen Ethereum trading platform charges a mark-up. This means that you are paying a price above the market average. As we covered earlier, Coinmama adds a mark-up of 2%, which is very expensive.
Depending on what your financial goals are - for example if you're a long-term investor or short-term day trader, you might want access to a number of tools when trading Ethereum online.
Some of the tools and features offered by the best Ethereum trading platforms that we came across include the following:
A lot of newbies want to enter the Ethereum trading scene because of its long-term potential. However, many fail to take the plunge as they simply don't know how to trade.
If this sounds like you, you'll be pleased to know that there are several solutions in the market that you might want to consider. For example, eToro offers a fully-diversified cryptocurrency portfolio. This consists of several leading cryptocurrencies - including Ethereum.
These portfolios are managed by the eToro, meaning that it will add, remove, and rebalance the basket of assets on your behalf. An additional tool offered by eToro that will allow you to automate your crypto investment endeavors is that of the Copy Trading platform feature. This is similar to the previously mentioned CopyPortfolio tool, as you will be investing passively.
However, the main difference is that you will be copying an eToro trader like-for-like. In other words, any buy or sell positions your chosen trader executes will be mirrored in your own eToro account - at an amount proportionate to what you invest.
If you are an experienced trader but you don't have access to a large amount of capital, you'll want to choose an Ethereum trading platform that offers leverage. This has the added benefit of being able to enter positions at a value far greater than what you have in your account.
The workaround to this is to use an unregulated exchange. However, we would strongly advise against this, as you cannot be sure that your money is safe.
The best Ethereum trading platforms will give you access to an abundance of research tools. If you're a day trader or swing trader, then you'll want to choose a provider that offers chart analysis tools - such as technical indicators and screeners. Some of the platforms discussed on this page are integrated with TradingView - which comes packed with technical research tools.
If you see yourself as more of a long-term 'Hodler', then you will want access to fundamental research tools, such as real-time news and market insights. This will allow you to make informed investment decisions - especially regarding the best time to enter or exit an Ethereum position.
In order to trade Ethereum online, you will need to place a series of orders. Basic platforms offer buy and sell orders only, which is what you need to enter and exit a trade. However, the best Ethereum trading platforms give you access to a full suite of orders - subsequently allowing you to trade in a more flexible and risk-averse manner.
This might include:
You can usually check what order types are supported before signing up to the Ethereum trading platform in question.
In a time not so long ago, liquidity used to be a major problem in the crypto trading scene. After all, it wasn't until recently that digital currencies like Ethereum became a multi-billion-dollar asset class. With that said, not all trading platforms in the space have access to sufficient liquidity levels.
If liquidity is one of your main concerns - which it should be, eToro is a great option. This is because the provider is home to over 17 million active traders, so there's heavy activity around the clock. An additional option is Binance, which often facilitates more than $10 billion in trading volume - each and every day.
Most people that enter the Ethereum trading scene for the first time are new to cryptocurrencies in general. In fact, many have never traded at all - so the whole experience can be intimidating. This is why the best Ethereum trading platforms offer a top-notch and seamless user experience.
For example, the likes of eToro and Coinbase allow you to open an account and deposit funds in a matter of minutes. The aforementioned platforms guide you through the end-to-end process step-by-step, so you can still access the Ethereum marketplace as a newbie.
It's not just the account setup-up process that needs to be user-friendly, though. On the contrary, the most important thing is that you can buy, sell, and trade Ethereum without needing to bypass complicated crypto jargon.
For example, while experienced traders will looking to deploy advanced orders, leverage, and other flexible tools - some of you might simply want to buy a quantity of Ethereum. If this is the case, you'll want to process to be as straightforward as possible. At eToro, all you need to do is search for Ethereum, enter the amount you wish to buy in US dollars - and then confirm the order.
The latest trend in the global investment scene is buying and selling financial assets via a mobile app. This has since entered the Ethereum trading market - with all of the platforms discussed today offering a fully-fledged mobile app.
By downloading an Ethereum trading app, you should be able to perform the following functionalities:
The best Ethereum trading platform apps go one step further by doubling up as a cryptocurrency wallet. This means that you can trade Ethereum as well as store the coins safely.
We have discussed payment methods throughout this guide on the best Ethereuam trading platforms. This is important, as in order to buy or trade Ethereum, you will need to add some funds to your trading account. Although most platforms allow you to deposit funds with a cryptocurrency, most of us want the convenience of using a debit/credit card.
As such, if you want to deposit using your Visa or MasterCard, make sure the platform supports it and check what fees are applicable. eToro also allows you to deposit funds with e-wallets like Paypal, should you be looking for a fast and secure way of getting cash into your trading account.
Most Ethereum trading platforms available in the online space only offer support in the form of email, or an online ticket system. This often means waiting several days before you receive a response. This can leave you feeling frustrated, especially if you are having issues with a withdrawal request.
On the flip side, the best Ethereum trading platforms offer a 24/7 Live Chat feature. This means that no matter where you are located or what the time of the day is - you can receive near-instant support on your query. Rarely do Ethereum trading platforms offer telephone support, so Live Chat is by far the best option.
Looking to buy or trade Ethereum for the first time, but not too sure where to start? If so, following the guidelines below to start trading Ethereum commission-free with regulated platform eToro!
Unlike the majority of Ethereum trading platforms in the marketplace - eToro is heavily regulated and thus - it requires you to open an account. The good news is that unlike old-school brokerage firms, the account opening and verification process usually takes less than 10 minutes on eToro.
All you need to do is visit the eToro website, click on 'Join Now', and fill out the application form. This will require details like your name, nationality, address, date of birth, and email address.
You will then be asked to upload a copy of your passport or driver's license - in addition to a recently issued utility bill or bank account statement.
Once you have registered, you can then make a deposit. As noted earlier, eToro requires a minimum deposit of $50 if you're US-based, and $200 elsewhere.
You can choose from the following payment options:
Note: If you're based outside of the US, a 0.5% deposit fee will apply.
Once you have funded your eToro account, you then need to search for the Ethereum market you are interested in. eToro supports heaps of crypto-to-fiat and crypto-cross pairs, so you are bound to find a market that interests you.
In our example, we are looking to trade the most liquid Ethereum market, ETH/USD. Once you have chosen a market, click on the 'Trade' button.
You will now need to place a buy or sell order - depending on whether you think the Ethereum pair will rise or fall. By default, this is set as a buy order on eToro, so you'll need to change this to a sell order if you want to go short.
Then, you simply need to enter your stake - ensuring you meet a $25 minimum. If you're looking to enter and exit the trade at a specific price, you might also consider setting up a limit, stop-loss, and take-profit order.
Finally, to complete your commission-free Ethereum trade on eToro, click on the 'Open Trade' button!
While most cryptocurrency traders will focus on Bitcoin, more and more investors are turning to its nearest rival - Ethereum. If you do want to trade or buy Ethereum from the comfort of your home - the most important thing is that you choose a suitable trading platform for your needs.
As we have discussed today, you should focus on metrics like fees, supported markets, regulation, payments, and trading tools. If you're ready to start buying and selling ETH right now, we would argue that the best Ethereum trading platform for this purpose is eToro.
You can trade this innovative digital currency without paying any commission and the minimum stake is just $25. Most importantly, eToro is regulated by three financial bodies and registered with FINRA in the US.
Your capital is at risk.
75% of retail investor accounts lose money when trading CFDs with this provider.
We found that the Best trading platform for Ethereum in 2021 is eToro. This heavily regulated platform supports dozens of tradable crypto pairs - many of which include Ethereum. You won't pay any commission to trade on eToro and the minimum stake is just $25!
If you are looking to trade Ethereum with leverage, the amount you can get will depend on several factors. As the best Ethereum brokers are heavily regulated, this is largely dependant on the rules in your country of residence. For example, Europeans are capped at 1:2 when trading Ethereum CFDs. You can get leverage of up to 1:100 at unregulated platforms like BitMEX, but this is strongly advised against as your money is at risk.
With popular Ethereum trading platforms like Coinbase charging 3.99% on debit card purchases and 1.49% in trading commissions, it's no surprise that traders are looking for a more cost-effective option. If low fees are important to you, regulated platform eToro allows you to trade Ethereum commission-free. Debit/credit card deposits cost just 0.5%, and nothing if you're based in the US.
eToro is registered with FINRA, so Americans can buy, sell, and trade Ethereum is a safe and secure environment.
There is always the risk that you will lose money when trading Ethereum - like any asset class. With that said, it's crucial that you keep yourself safe by only using Ethereum trading platforms that are regulated by at least one reputable financial body - like the FCA or FINRA.
At the time of writing, Ethereum is approaching the $2,000 price-point. The good news si that you don't need to risk this much to enter the market. On the contrary, platforms like eToro allow you to buy and trade Ethereum from just $25 upwards.
If you are entering the space for the first time, it's best to stick with ETH/USD. By trading Ethereum against the US dollar, you will benefit from the tightest spreads, high liquidity levels, and lower volatility. .
Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Kane has also written for websites such as MoneyCheck, InsideBitcoins, Blockonomi, Learnbonds, Buysharesand the Malta Association of Compliance Officers.
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