67% of retail investor accounts lose money when trading CFDs with this provider. 67% of retail investor accounts lose money when trading CFDs with this provider.
Whether you are looking to buy Ethereum or trade it on a short-term basis – you will need to find a suitable platform.
The best Ethereum trading platforms UK allow you to access this popular digital currency at the click of a button at competitive commission rates. You’ll also find that the best providers support debit/credit card payments and crucially – are regulated by the FCA.
But, with so many cryptocurrency brokers and exchanges supporting Ethereum markets – knowing which provider to sign up with can be challenging.
In this guide, we review the best Ethereum trading platforms UK of 2021.
Crypto assets are highly volatile, unregulated investment products. No EU investor protection
Best Ethereum Trading Platforms UK Reviewed
In today’s marketplace, there are now hundreds of Ethereum trading platforms active in the online space. Most of these providers are unregulated – so you need to choose wisely.
Additionally, you also need to explore what Ethereum trading markets the platform supports, how much you will be charged to buy and sell, and whether or not your preferred payment method is supported.
To save you countless hours of research – below we review the best Ethereum trading platforms UK to consider right now.
1. eToro – Overall Best Ethereum Trading Platform
Put simply, we found that eToro is by far the best Ethereum trading platform UK – as it passed all of our required criteria with flying colours. First and foremost, eToro is a safe and secure brokerage firm. This means that unlike the vast majority of the crypto trading industry – it is heavily regulated.
This not only includes a fully-fledged license with the Financial Conduct Authority (FCA), but regulators in Australia and Cyprus, too. This means that you can buy, sell, and trade Ethereum from the comfort of your home without needing to worry about the safety of your funds. On top of being a trusted online brokerage firm, eToro also offers some of the cheapest trading fees.
For example, you can trade Ethereum without being charged any dealing fees or commissions. This is the case across all of the 18 cryptocurrencies offered by eToro, alongside thousands of stocks, ETFs, currencies, and commodities. Additionally, while most crypto brokers charge an averaged of 3-5% to deposit with a debit/credit card – at eToro, it’s just 0.5%. Withdrawals are also competitive at just $5 per transaction.
On top of debit/credit cards, eToro also supports Paypal, Skrill, Neteller, and traditional bank transfers. If you are a complete novice in the world of Ethereum trading, you’ll find the eToro platform easy to use. This is the case through its main browser-based trading platform and its iOS/Android app. Plus,. the minimum stake at eToro when trading Ethereum is just $50 – so it’s great if you only want to risk small amounts.
eToro also stood out for us as the best Ethereum trading platform UK as it offers passive investment tools. For example, by meeting a $1,000 minimum – you can invest in a fully-managed CryptoPortfolio. This will give you access to a diversified portfolio of digital currencies at the click of a button. Or, you might opt for the Copy Trading tool. At a more modest $500 minimum, this allows you to copy an experienced trader like-for-like.
Super user-friendly online broker and trading platform
Trade thousands of assets with tight spreads
You can also trade stocks, indices, ETFs, cryptocurrencies, and more
Deposit funds with a debit/credit card, e-wallet, or bank account
Social trading and copy trading
Regulated by the FCA, ASIC, and CySEC, and registered with FINRA in the US
Not suitable for advanced traders that like to perform technical analysis
67% of retail investors lose money trading CFDs at this site
2. Binance – Best Ethereum Trading Platform UK for Day Traders
eToro is the best Ethereum trading platform UK if you are a long-term investor - as you hold on to your ETH tokens for as long as you wish without incurring ongoing fees. With that said, if you're a day trader that is looking to buy and sell ETH on a short-term basis - Binance stands out.
After all, Binance is home to the most amount of liquidity and daily trading volumes in this industry. You will have access to hundreds of trading pairs that contain Ethereum, including the likes of BTC/ETH, ETH/USDT, and XRP/ETH. You can trade at Binance 24/7 at a commission of just 0.10% per slide.
This means that a £500 buy order on ETH/BTC, for example, would cost you the equivalent of just £0.50 to enter the market. You can reduce this even further by trading larger amounts throughout the month or holding a collection of BNB Coins. The latter is the native cryptocurrency backed by the Binance exchange. This top-rated Ethereum trading platform is also great if you want access to complex cryptocurrency instruments. At Binance, this includes options, futures, and even swaps.
If you are able to deposit funds into Binance with a cryptocurrency, then you will not need to provide any personal information - nor will you be required to upload KYC documents. If, however, you want to deposit funds with a debit/credit card or bank transfer - Binance will need to collect this information from you. In terms of transaction fees, Binance charges 3% on debit/credit card purchases - which is somewhat expensive when you consider the 0.5% charges by eToro.
To avoid this fee, consider transferring funds from your UK bank account. This is free at Binance and often takes just a few minutes for the funds to arrive. When it comes to security, Binance offers several safety nets that aim to keep your crypto funds safe. This includes two-factor authentication (2FA), address whitelisting, and email notifications. Finally, Binance also offers an Ethereum trading app as well as a mobile wallet. Both are available on iOS and Android devices.
Advanced charting platform with customizable indicators
3. Coinbase – Best Ethereum Trading Platform UK for Newbies
Although Coinbase is one the most expensive Ethereum trading platforms in the online space - this hasn't stopped more than 35 global clients from opening an account. Perhaps the main reason for this is that Coinbase makes the Ethereum investment process safe and simple. Crucially, if you have never bought or traded Ethereum before, Coinbase might be the right option for you.
This is because you can open an account in minutes and easily deposit funds with a UK debit card. This does, however, come with a cost of 3.99% - which is even more expensive than Binance. You will then be charged a further 1.49% when you decide to cash your Ethereum position back to pounds and pence.
If you want to avoid the 3.99% debit card fee, you'll need to transfer the funds from your UK bank account. You will, however, need to pay a trading fee of 1.49% to enter your Ethereum position. Nevertheless, if you're looking to diversify into other cryptocurrencies, Coinbase offers dozens of markets. This includes the likes of Bitcoin, Litecoin, Ripple, Dash, and heaps of ERC-20 tokens.
When it comes to storage, you may consider leaving your Ethereum tokens in your Coinbase web wallet. This is because the platform is home to top-notch security features - including keeping 98% of client funds in cold storage. 2FA and wallet address whitelisting are also offered. Additionally, Coinbase allows you to withdraw your cryptocurrencies to a private wallet. Once you make the request, the transfer is typically posted to the blockchain in less than 10-20 minutes.
4. Kraken – Best Ethereum Trading Platform UK for Leverage and Derivatives
Kraken is a great Ethereum trading platform to consider - irrespective of whether you are a newbie or seasoned pro. For example, if you are looking for a straightforward way of buying Ethereum, Kraken allows you to deposit funds via a UK bank transfer. You can then leave your Ethereum tokens in your Kraken account or withdraw them to a private wallet.
If, however, you are looking to access more sophisticated trading services, Kraken is up there with the best of them. For example, it offers Ethereum trading services across both crypto-to-fiat and crypto-cross pairs. Regarding the former, this includes a dedicated trading pair on ETH/GBP. As such, you can speculate on the future value of Ethereum against the British pound - avoiding the need to worry about conversion rates found on ETH/USD and ETH/EUR pairs.
Additionally, you can also trade several crypto-cross pairs that contain ETH. If you're seeking even more complex markets, Kraken is home to a super-popular cryptocurrency futures facility. This even allows you to trade with leverage of up to 1:40 - meaning a £500 stake would provide purchasing power of £20,000. You should, however, tread with caution when trading with such high leverage limits if you're a newbie.
When it comes to Ethereum trading fees at Kraken, this will depend on several factors. For example, Kraken has an entry-level trading commission of 0.20%, which is reduced to 0.16% when you trade more than $50,000 in a 30-day period. If trading futures, you will pay a commission of just 0.05%. By trading Ethereum with leverage, you'll pay an additional fee of 0.02% upon opening your position. Then, you'll pay 0.02% for each 4-hour period that your trade remains open.
5. CoinCorner – Best Ethereum Broker UK for Small Stakes (Minimum £5)
CoinCorner is an online cryptocurrency broker that largely focuses on Bitcoin trading. This is because BTC is the only digital currency that you can directly buy with your debit or credit card. With that said, CoinCorner does support Ethereum - it's just that you first need to obtain a GBP balance.
In order to do this, you can easily deposit funds via a UK bank transfer. In fact, the minimum here is just £5 - which is great if you are looking to obtain a super-small amount of ETH tokens. You will be charged a fee of £1 if you deposit £5 or less, so do bear this in mind.
Alternatively, you can also add funds to your CoinCorner GBP account with your UK debit/credit card. This will cost you a variable deposit fee of 2.5% and the minimum funding amount on Visa/MasterCard transactions is £10. If, however, you already have Bitcoin, you can deposit BTC into CoinCorner for free.
Irrespective of how you fund your account, you will also need to pay a trading fee to buy Ethereum. This ranges from £1-£3 on transactions of less than £300, and 1% if it's above this figure. As such, CoinCorner isn't the most cost-effective option in the market.
But, the process of opening an account, depositing funds, and subsequently buying Ethereum is actually very easy. Plus, when you factor in the low minimums, CoinCorner is a great option for first-timers. Finally, once you have obtained Ethereum, you can either leave the tokens in your CoinCorner account or withdraw the funds to a private wallet.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
6. Luno - Best Ethereum Trading Platform UK for Low Fees
Luno doubles-up as an Ethereum broker and a crypto exchange. That is to say, the platform allows you to buy Bitcoin and Ethereum in a safe and secure manner via a UK bank transfer. You can also trade Ethereum against other digital assets - paving the way for speculative day traders.
In terms of commissions, Luno allows you to deposit funds via your bank account free of charge. Although this will delay the process by a couple of days, it allows you to avoid the 3.99% and 3% debit card fee charged by Coinbase and Binance. Once the funds do arrive, you can then buy Ethereum at a headline commission rate of just 0.1%.
The lowest fee on offer stands at just 0.03%, albeit, you would need to trade over £16 million worth of Ethereum in just 30 days! Perhaps the main drawback with Luno is that UK residents cannot deposit funds with a debit/credit card or e-wallet. Nevertheless, Luno does offer a number of other notable features that you might find of interest.
For example, the platform offers a top-rated mobile wallet app that is available on both iOS and Android. This comes with a range of tools and safeguards, and is completely free to use. Additionally, Luno allows you to earn interest on your Bitcoin holdings via its savings account feature. This isn't, however, available on Ethereum balances.
How to Choose the Best Ethereum Trading Platform UK for You
So now that we have reviewed the best Ethereum trading platforms UK - it's time to do a bit of research yourself. After all, you need to choose a provider that meets your personal trading goals.
To help you find the best Ethereum trading platform UK in the fastest time possible - be sure to review the following metrics.
You might not be aware of the fact that the vast majority of Ethereum trading platforms are unregulated. This means that you are entrusting your hard-earned money with a platform that doesn't take investor protection seriously. Although this should act as a deterrent, some of the biggest Ethereum trading platforms in the space still operate without a license.
In our view, if you want to buy or trade Ethereum in the safest way possible, consider opening an account with a regulated broker.
For example, the best Ethereum trading platform UK that we came across - eToro, is actually regulated by three tier-one bodies.
On top of the FCA, this also includes ASIC (Australia) and CySEC (Cyprus).
In simple terms, this means that eToro is 100% responsible for keeping you and your fellow traders safe.
It does this through KYC (Know Your Customer) controls, segregated bank accounts, and submitting to regular audits.
In finding the best Ethereum trading platform for you and your financial goals, it's important that you think about the type of asset you wish to access.
For example, if you are looking to buy Ethereum and hold on to your tokens for many years, you'll want to choose a provider that allows you to buy ETH directly. This means that you will own the ETH tokens outright - much like you would when buying stocks and shares.
As we covered earlier, the best Ethereum trading platform for this purpose is eToro. However, some of you might be looking to trade Ethereum. By this, we mean speculating on the future exchange rate between Ethereum and another asset.
For example, you might decide to trade GBP/ETH at Kraken, meaning you are tasked with deciding whether you think the exchange rate will rise or fall in the short-term.
Alternatively, you can also trade Ethereum against another cryptocurrency like Bitcoin or Ripple. If this is of interest, Binance is likely the best option on the table. Binance also stands out if you're keen on cryptocurrency derivatives, with the platform supporting both options and futures.
If there was one takeaway from our reviews of the best Ethereum brokers UK - it's that fees and commission will vary wildly between providers. For example, not only do you need to look at trading commissions but deposit and withdrawal fees on your preferred payment method.
Here's the lowdown of what fees to look out for in your search for the best Ethereum trading platform UK.
In many cases, the most expensive part of trading Ethereum online is getting 'real money' into your account. This is especially the case if you wish to deposit funds with a debit or credit card.
For example, Binance charges 3% for the pleasure, while Coinbase stands at 3.99%. These fees do, however, also include the trading commission - as you will be buying Ethereum directly. Nevertheless, this is still a large fee to take into account.
The cheapest option is typically a bank account transfer. This is free, or near-free, at the aforementioned platforms. With that said, there is another option if you want to deposit funds instantly with a debit/credit card - eToro.
This is because the FCA-regulated broker charges just 0.5%. In fact, you'll also get this industry-leading rate when you deposit funds with an e-wallet like Paypal or Skrill!
On top of deposit fees, you also need to check what commission your chosen provider charges. Once again, this can vary wildly from provider to provider. It can also vary depending on how much you intend to trade - with larger volumes benefiting from lower fees.
Nevertheless, to give you an idea of what you will pay, Coinbase charges 1.49% per slide, which means you will pay this commission when you enter and exit a trade. Make no mistake about it - this is very expensive. At the other end of the spectrum, Binance and Luno charge a commission of just 0.10% per slide.
With that said, there are even Ethereum brokers UK that now allow you to buy and sell ETF commission-free, such as eToro.
If you come across a zero or low commission provider, you'll want to pay extra attention to the 'spread'. This is how low-cost brokers make money, and it simply refers to the difference between the 'buy' and 'sell' price of your chosen Ethereum market.
Let's say you are trading GBP/ETH
Your chosen broker is offering a 'buy price' of £1,230.00
The 'sell price' on offer is £1205.40
This means that the difference between the two prices is 2% - which is the spread
Now, this 2% spread means that you need to make gains of at least this amount to break-even. In other words, you are paying 2% above the market price, meaning you are 2% in the red as soon as your Ethereum trade is executed. When exploring the spreads at your top-rated Ethereum broker eToro - we found that this averaged 0.75%.
Trading Tools & Features
It's also important that you explore what trading tools and features your chosen Ethereum broker offers.
Some of the most notable that we came across during the review process include:
Copy Trading and CopyPortfolios
Both Copy Trading and CopyPortfolios are unique to eToro. They both allow you to trade or invest in Ethereum in a completely passive nature.
For instance, the Copy Trading tool allows you to browse through thousands of traders that use eToro and then mirror their buy and sell orders like-for-like. In particular, you can copy a seasoned cryptocurrency trader that has a prolonged track record of making gains on the eToro platform.
In the case of CopyPortfolios, these are managed by the eToro team itself. There are dozens of trading objectives and plans to choose from - including a portfolio that focuses exclusively on digital currencies. For example, the CryptoPortfolio contains a wide-ranging basket of different cryptocurrencies, allowing you to diversify across Ethereum, Bitcoin, Ripple, Bitcoin Cash, and Litecoin.
Ultimately, both of the aforementioned features are ideal if you want o trade Ethereum on a hands-off approach.
Risk Management Orders
When trading volatile crypto-assets like Ethereum, it's important that you have certain risk management tools at your disposal.
This should include:
Stop-Loss Orders: This allows you to specify a price-point in which your Ethereum trade is closed automatically. For example, if you set your stop-loss order at 5%, you will never lose more than 5% on the respective trade.
Take-Profit Orders: This allows you to lock in your profits automatically via a pre-specified amount. For example, you might set a take-profit order at 10%. If and when the value of your trade increases by 10%, the platform will close the position on your behalf.
Trailing Stop-Loss Orders: This is a great order to keep a profitable position open for as long as possible. Essentially, your chosen Ethereum trading platform will only close the trade when the value of your order drops by a certain amount from its peak. For example, you might set this at 5%. If the trade drops in value by 5% from its peak, the order will be closed.
Most of the best Ethereum brokers UK that we have discussed on this page offer the above risk-management orders.
If you are simply looking to buy Ethereum and undertake a long-term strategy over several years, you won't have much of a requirement to perform regular analysis. Sure, you still need to be kept up to date with market news surrounding Ethereum, but you'll be less concerned with shorter-term dips.
However, if you are looking to day trade or swing trade Ethereum, it's fundamental that you perform consistent market research. Not only in terms of news, but more importantly - technical analysis. As such, you'll want to choose an Ethereum trading platform that offers chart reading tools - such as indicators.
Demo accounts allow you to trade Ethereum without risking any money. The best thing about them is that they typically mirror live market conditions. The only difference is that instead of trading with real pounds and pence - you'll be using demo money.
eToro offers a great demo account facility that comes pre-loaded with a $100k paper trading balance. In fact, you can access this as soon as you register - so there's no need to make a deposit.
We have discussed payment methods in reasonable length throughout this guide. However, to clarify, it's important that you check what payment options are available before opening an account.
After all, some platforms only accept bank transfers, while others offer a full assortment. For example, eToro not only supports bank transfer payments, but debit cards, credit cards, and e-wallets like Paypal and Skrill. This ensures that you have the option of depositing funds instantly.
Don't forget to check what customer service channels are offered by your chosen Ethereum trading platform. For example, although Coinbase is home to over 35 million clients, the vast bulk of its support is offered via email.
This can be frustrating if you want assistance in real-time. Platforms like eToro seek to offer a more favorable customer experience - as Live Chat is supported on a 24/5 basis.
How to Get Started with the Best Ethereum Trading Platform UK
If you've read our guide up to this point, you should now have chosen the best Ethereum trading platform UK for your needs. If you need a bit of help with the setup process, the guidelines below we show you how to trade Ethereum commission-free at eToro.
Step 1: Open an Account and Upload ID
You will first need to open an account with eToro - which you can do by clicking on the 'Join Now' button from the homepage. You will need to provide some personal information - such as your name, home address, National Insurance Number, and date of birth.
On top of choosing a username and strong password, you'll need to verify your mobile number via a unique code that is sent to your phone via SMS.
As eToro is authorized and regulated by the FCA, you will need to upload some documents before you can [A] deposit more than $2,250 or [B] make a withdrawal.
As such, you can proceed to the next step now should you wish - but it's best to quickly upload the required documents so that your account has all limitations removed. All eToro needs is a copy of your passport or driver's license and a recently-issued bank statement or utility bill.
Step 2: Deposit Funds
You will now be asked to deposit some funds so that you can proceed to buy or trade Ethereum with real money. The broker supports debit/credit cards and e-wallets - meaning that your deposit will be credited instantly. If you elect to transfer funds from your UK bank account, this will delay the process slightly.
Step 3: Search for Ethereum
Once you have added funds to your eToro account, you can then complete your Ethereum trade. The easiest way of doing this is to search for 'Ethereum, and then click on the result that loads up (like the screenshot below).
On the next page, click on the 'Trade' button.
Step 4: Place Ethereum Trade
You will now see an order box appear on-screen. This will tell eToro what you wish to do from your Ethereum trade - such as your required entry and stop-loss order price.
However, if you are simply looking to buy Ethereum at the current market price - all you need to do is enter your stake. This needs to be entered in US dollars and at a minimum of $25.
Finally, click on 'Open Trade' to complete your Ethereum investment.
Step 5: Storage and Selling Ethereum
Once you have completed your Ethereum trade at eToro, you then need to decide how you plan to store it. The easiest option is to leave your ETH tokens in your eToro portfolio.
This means that the tokens will be stored and safeguarded by eToro itself. Then, whenever you wish to sell your Ethereum tokens back to pounds and pence - you simply need to click on the 'Sell' button from within your portfolio. When you do, the funds will be reflected in your eToro account and available for withdrawal.
The other option is to withdraw your ETH tokens to the eToro mobile wallet - which is available on iOS and Android devices. You can also withdraw the tokens to a private walet of your choice - should you wish.
Best Ethereum Trading Platform UK - Conclusion
This guide has discussed the importance of choosing the best Ethereum trading platform UK for you and your needs. Whether you're looking for a specific ETH market or wish to deposit funds with a certain payment method - you need to do lots of homework before taking the plunge.
And of course, you'll also need to make sure your chosen platform is regulated and that it charges reasonable fees. Ultimately, if you're looking to trade Ethereum right now and don't have time to research dozens of potential brokers yourself - eToro is a great option to consider.
This FCA-regulated trading platform allows you to buy 18 different cryptocurrenies without paying any commission. The minimum stake is just $50 and you'll pay just 0.5% in deposit fees. This covers debit/credit cards, bank transfers, and even e-wallets like Paypal and Skrill.
eToro - Best Ethereum Trading Platform UK with 0% Commission
67% of retail investor accounts lose money when trading CFDs with this provider.
Where can I trade Ethereum?
If you want to trade Ethereum in the UK, there are hundreds of platforms, brokers, and exchanges to choose from. With that said, most of these providers are unregulated - so it's best to stock with an FCA broker like eToro.
How do I start trading Ethereum?
In order to trade Ethereum online, you'll need to first choose a suitable platform. After opening an account and making a deposit - you can proceed to buy Ethereum outright or trade it against another crypto-asset. At eToro, you can trade Ethereum on a commission-free basis.
What is Ethereum platform?
The Ethereum platform is a decentralized blockchain that allows you to send and receive funds digitally. The platform is home to a cryptocurrency - ETH, as well as smart contract technology.
What is the best trading platform for Ethereum?
If you're based in the UK and looking for the best trading platform for Ethereum, you might want to consider eToro. Not only does the FCA-regulated broker allow you to trade Ethereum commission-free, but the minimum stake is just $50. Other options include Binance, Coinbase, and Cex.io.
What is the better Ethereum or Bitcoin?
There is no denying that Bitcoin is still the de-factor cryptocurrency of choice, both in terms of valuation and market awareness. However, some traders will also allocate some of their portfolios to Ethereum. After all, the two projects are targetting different areas, so there isn't necessarily a conflict of interest in owning both.
Can you trade Ethereum with leverage UK?
As of January 2021, the FCA stepped in to ban UK residents from trading leveraged cryptocurrency derivatives. This means that crypto-CFDs are no longer accessible at regulated brokers. With that said, there are a number of Bitcoin exchanges that still offer these products, albeit, they do not have authorization from the FCA.
Is Ethereum illegal in the United Kingdom?
No, Ethereum, nor any cryptocurrency for that matter, is illegal in the United Kingdom. Brits are, however, banned from trading crypto derivatives - such as CFDs and swaps.