Best Ethereum Exchanges & Brokers for November 2024

Ethereum (ETH) is the world’s second-largest cryptocurrency in terms of market capitalization and general market awareness. No wonder investors are turning their attention to this currency, especially as it is also considered to be one of the most important blockchains in the world. However, if you want to add ETH to your investment portfolio, it is important to choose the right platform to buy it from.

In this guide, we review the best Ethereum exchanges to consider in 2024. We will also show you how to get started with your first trade on a regulated platform and how to buy Ethereum.

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• Simple and fast way to buy and sell cryptocurrencies online
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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.

What Is an Ethereum Exchange?

An Ethereum exchange is an online platform where users can buy, sell, and trade Ethereum (ETH) tokens. It serves as a marketplace where people can exchange their digital assets.

Unlike traditional stock exchanges, many Ethereum exchanges are decentralized, meaning they operate on a peer-to-peer network rather than being controlled by a central authority. This decentralization provides users with more control over their funds and eliminates the risk of government intervention or censorship.

To use an Ethereum exchange, users need to create an account and provide some personal information to verify their identity. Once registered, individuals can deposit their cryptocurrencies into their exchange wallet and start trading. Most exchanges offer a variety of trading pairs, allowing users to exchange their Ethereum tokens for other cryptocurrencies or fiat currencies.

Ethereum exchanges often offer a variety of tokens that are built on the Ethereum blockchain network. These tokens meet the ERC20 standard which means that they are compatible with smart contracts, allowing investors to use the tokens to access d’apps.

Ethereum exchanges can be both centralized and decentralized. Centralized exchanges have a third-party authority whereas decentralized exchanges operate entirely on blockchain.

Our Review of The Best Ethereum Brokers of 2024

There are hundreds of platforms where you can buy ETH online. The main problem is that most of them operate without a regulatory license. As such, you need to ensure that not only are your trading funds safe, but that the provider offers competitive fees and support for your preferred payment method. If you’re wondering how to buy Ethereum, we’ve prepared some of the best platforms to consider in  2024.

1. eToro – Trade Ethereum with a regulated broker that provides a free demo account and copy trading services

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 (XRP), EOS, Cardano, Litecoin, and more.

eToro is also a popular choice among new crypto investors as the minimum trade amount is 10$. 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.

This beginner friendly social trading platform allows you to select a seasoned crypto trader and then copy their buy and sell positions. It also boasts a CopyPortfolio feature professionally managed by eToro that gives you access to a diversified basket of digital currencies that are weighted, based on market capitalization. Both of the aforementioned automated trading tools can be utilized at no extra cost.  

Plus, if you’re from the US, there is no deposit fee at all. 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, the eToro mobile app allows you to buy, sell, and trade Ethereum at the click of a button. This is free to download and compatible with both 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.

eToro fees

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

Note: Only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash, and Ethereum.

2. Coinbase – Offers low fees for Ethereum trading as well as a native crypto wallet and network

Coinbase is by far the largest and most recognized cryptocurrency broker globally – with more than 35 million clients under its belt. It provides a user-friendly platform for individuals and businesses to buy, sell, and store a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others.

The process of opening an account and trading Ethereum couldn’t be simpler. The platform also provides educational resources to help users understand the basics of cryptocurrencies.

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, although you’ll have to wait a few days for the funds to arrive. If you choose this option, you will pay atrading commission of 1.49%. You will have to pay this commission again when you convert your Ethereum coins back to fiat money.

Although Coinbase is arguably one of the most expensive Ethereum exchanges in the space, it offers top-notch security. In terms of internal controls, this includes keeping 98% of customer funds in cold storage. The balance is kept in hot wallets to facilitate fast withdrawals. On the customer side, 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.

Coinbase fees

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.

3. Kraken- The most user-friendly app to buy Ethereum that supports staking for passive rewards

When thinking of the best Ethereum exchanges in 2024, Kraken is another top brokerage that comes to mind. The exchange is among the top five best trading platforms in terms of liquidity, thanks to its support for 200+ popular cryptocurrencies and over 10 million customers.

Ethereum is one of the most traded crypto assets on Kraken. Mobile-first traders can also trade ETH on the robust Kraken trading app.

You can also diversify your portfolio by keeping an expansive investment basket containing Ethereum and other cryptocurrencies. And if you’re looking to earn passive income, you can opt for the crypto staking option with options like Cardano, Cosmos, and other altcoins for up to 26% annual percentage yield (APY) with the exception of Ethereum.

Regarding security, Kraken ranks among the best online brokers with its various safety features. The exchange stores a good percentage of customers’ assets in offline cold storage. Similarly, there’s a proof of reserves mechanism to encourage transparency and build trust. Buying ETH on Kraken is pretty straightforward. You can invest in the coin using the instant “Buy Crypto” option and execute the transaction using your payment card, Apple Pay, Google Pay, and cryptocurrencies.

The minimum amount of Ethereum you can invest in is $10, so the average investor will have no issues investing in ETH on Kraken. However, each payment option has its corresponding fee. For example, the Instant Buy feature charges spreads that are calculated when you open a trade. Credit and debit card purchases also attract spreads, and the amount depends on your purchase volume and selected provider.

Your money is at risk.

4. Binance – Best crypto exchange for lending with competitive fees and a wide range of features

This top-rated cryptocurrency exchange offers the perfect balance between low fees and supported markets. An NFT marketplace is also available for NFT trading.

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. 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. Similar to Coinbase, you can usually deposit funds for free and you should 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.

In terms of security, Binance isn’t a regulated entity like eToro. We will explain how to buy Ethereum on eToro in our guide. However, Binance have numerous safeguards and controls in place that ensure your funds are kept safe. This includes wallet address whitelisting, Anti Money Laundering (AML), 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.

Binance fees

Your money is at risk.

5. Coinmama – Easily buy Ethereum with a debit/credit card in the US

Coinmama is a cryptocurrency exchange platform that likes to keep things simple. Technically speaking, it’s not actually a trading platform per-say, rather it allows you to buy cryptocurrencies at the click of a button with your debit/credit card.

On purchase, Coinmama will instantly transfer the coins to your Ethereum wallet address without the option to keep your ETH funds on the Coinmama website. This is worth bearing in mind, as you will need to have a basic understanding of how best Ethereum wallet works.

Nevertheless, before you can buy Ethereum, you do need to go through a KYC (Know Your Customer) process. This requires several documents such as your passport and a selfie of you holding your ID. Once done, it takes just minutes to buy Ethereum.

Perhaps the biggest drawback to this user-friendly Ethereum platform is that it charges exorbitant 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 as little as 0.5% on eToro and nothing if you are from the USA, this is one of the main reasons to buy Ethereum on eToro. Coinmama also charges a mark-up of 2% on the average market rate of Ethereum. You would need to see your 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. Coinmama also has a more restricted selection of available cryptocurrencies: is supports just 9 assets.

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.

Coinmama fees

Your money is at risk.

6. Gemini – A secure Ethereum US trading platform

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. You can easily deposit funds with fiat currency and purchase an allocation of Ethereum-based tokens.

You can also trade Ethereum against the US dollar if you are looking for 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 that you’ll be charged 0.5% when you enter and exit the market. However, Gemini has since launched its own payment card that allows you to spend your cryptocurrency holdings. This comes with several perks – such as the ability to earn 3% cash back on your purchases – with rewards paid in bitcoin.

Gemini fees

Your money is at risk.

7. Luno – A user-friendly mobile trading app with crypto interest of up to 4%

Launched in 2013, Luno is a popular cryptocurrency exchange that is now active in more than 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 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 trading tools, Luno provides advanced charts via TradingView and you will have access to a wide range of flexible order types.

Luno fees

Your money is at risk.

How to Choose an Ethereum Exchange in November 2024

By heading over to CoinMarketCap (CMC), 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 platforms of 2024.

Regulations

We mentioned just a moment ago that there are hundreds of apps to buy Ethereum in 2024. The key problem here is that most crypto-based exchanges are unregulated.

• These platforms are not breaking the law per-say, as they have no relationship with fiat currency.
• Unfortunately for you, choosing a trading platform that is unregulated means that your funds are at risk.
• This is why the best exchanges are heavily regulated by reputable financial bodies.

Although such providers are few and far between, eToro, is regulated on three fronts and this aspect makes it a good option to buy Ethereum on eToro. This includes a fully-fledged license with the FCA, CySEC, and ASIC. If you’re based in the US and looking to trade ETH safely, eToro is also registered with FINRA.

Ethereum trading markets

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.

Crypto-to-fiat Ethereum 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 platforms – such as eToro, also support other fiat currencies that can be traded against Ethereum. This includes the British pound, Euro, and Japanese yen.

Crypto-cross Ethereum pairs

The vast majority of crypto trading sites 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, although, this is still classed as a crypto-cross pair as you are not touching real-world dollars.

Additionally, the best Ethereum apps 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).

Fees

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, here are the main fees you need to be aware of when looking for the best exchange for your needs.

Deposit fees

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 exchanges, using a debit/credit card to deposit funds can be costly.

• For example, Coinbase charges 3.99% to fund your account with a debit card, while Binance charges 3.5% to US residents.
• Luno is also expensive at 3.5%.
• Coinmama is by far the most costly, as it charges a debit/credit card fee of 5%.

The good news is that regulated broker eToro allows you to deposit funds with a fee of just 0.5%. If you’re based in the US, this fee is completely waived.

Trading commission

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.

• At the higher end, Coinmama charges 3.90% on buy orders and 0.9% on sell orders
• Coinbase is also expensive in this department, charging 1.49% per slide
• Binance and Luno are very competitive at a commission of just 0.10%

Spreads and mark-ups

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 exchange 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.

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

Trading tools & features

Depending on your financial goals – for example, if you’re a long-term investor or a short-term day trader – you may want to have access to a number of tools when trading Ethereum online. Here are some of the tools and features offered by the best Ethereum trading platforms we came across:

Automated Ethereum trading and investing

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, every buy or sell position that your chosen trader executes will be mirrored in your own eToro account – in an amount proportional to what you invest.

Leverage

If you are an experienced trader but you don’t have access to a large amount of capital, you’ll want to choose a 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.

• For example, if your chosen provider offers leverage of up to 1:20 and you stake $100 – your Ethereum trade is worth $2,000.
• Take note, if using a regulated platform, your access to leverage will be capped depending on where you are based.
• For example, Europeans are capped to leverage of 1:2 on crypto CFDs.

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.

Technical tools

The best Ethereum brokers 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 player, 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.

Orders

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 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:

• Stop-Loss Orders
• Guaranteed Stop-Loss Orders
• Limit Orders
• Market Orders
• Trailing Stop-Loss Orders

You can usually check what order types are supported before signing up to the Ethereum exchange in question.

Liquidity

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.

• This can be fatal, as if you are using a platform that struggles for liquidity, might find it difficult to exit your Ethereum position at your desired price-point.
• Plus, low liquidity also results in wider spreads – meaning you are indirectly paying more to trade.

If liquidity is one of your main concerns – which it should be, a great option is to buy Ethereum on eToro. 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.

User experience

Most people who want to know how to buy Ethereum 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 brokers offer a first-class 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 process of setting up an account that needs to be user-friendly. The most important thing is that you can buy, sell and trade Ethereum without having to wade through complicated crypto jargon.

For example, while experienced traders will want to use advanced orders, leverage and other flexible tools, some of you may simply want to buy a quantity of Ethereum. If this is the case, you’ll want to make the process as straightforward as possible. At eToro all you need to do is search for Ethereum, enter the amount you want to buy in US dollars, then confirm the order and buy Ethereum on eToro.

Mobile app

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:

• Buy, sell, and trade Ethereum at the click of a button
• Check the value of your Ethereum trade in real-time (against your preferred fiat currency)
• Deposit and withdraw funds
• Exchange Ethereum to and from another digital currency
• Perform research and chart analysis

Some Ethereum trading platform apps go one step further by doubling up as a cryptocurrency wallet. This means that you can trade ETH as well as store the coins safely.

Payment methods

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.

Customer service

Most online Ethereum buying platforms only offer support via email or an online ticket system. This often means that you will have to wait several days before receiving a response. This can leave you feeling frustrated, especially if you are having problems with a withdrawal request.

On the other hand, the best platforms offer a 24/7 live chat feature. This means that no matter where you are or what time of day it is, you can get near-instant assistance with your query. Rarely do online crypto exchanges offer telephone support, so live chat is by far the best option.

How to Use an Ethereum Exchange – eToro Example

Wondering how to buy Ethereum on eToro, but not sure where to start? If so, follow the guidelines below to start trading Ethereum on this regulated platform.

Step 1: Open an account and upload ID

Unlike the majority of platforms on the market – eToro is highly regulated and therefore requires you to open an account. The good news is that unlike old school brokerage firms, the account opening and verification process at eToro usually takes less than 10 minutes.

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.

Step 2: Deposit funds

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.

Step 3: Search for an Ethereum trading market

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.

Step 4: Place an Ethereum Trade

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 Ethereum trade on eToro, click on the ‘Open Trade’ button.

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.

Conclusion

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 tin this article, 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. Other fees apply. For more information, visit etoro.com/trading/fees.

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