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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 2022.

In This Guide

Top Ethereum Trading Platform UK List 2022

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!

  1. eToro – Ethereum Trading Platform UK
  2. OKX – The Best Platform For Trading Ethereum In The UK With Blockchain Technology
  3. Crypto.com – Trading Platform With An Integrated DeFi wallet To Buy ETH UK
  4. Alvexo –  Platform To Buy ETH For All Traders In The UK
  5. Margex –  Ethereum Trading Platform For Beginners in the UK With Educational Material UK
  6. Huobi – Excellent Ethereum Exchange Platform in the UK
  7. Binance – Ethereum Broker UK for Day Traders
  8. Coinbase – Ethereum Trading Platform UK for Newbies
  9. Kraken – Ethereum Trading Platform UK for Leverage and Derivatives
  10. Coinjar – Ethereum Wallet UK for Long-Term Investors
  11. CoinCorner –  Ethereum Broker UK for Small Stakes (Minimum £5)
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for £100 you get0.0999 ETH
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for £100 you get0.0999 ETH
68% of retail investor accounts lose money when trading CFDs with this provider.
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for £100 you get0.0470 ETH
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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 – 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.

ethereum trading eToro

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 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 crypto copyportfolios

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.

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. OKX – The Best Platform For Trading Ethereum In The UK With Blockchain Technology

OKX is one of the newest platforms for Ethereum Trading in the UK. This platform has more than 20 million users and is in 180 countries. This platform uses blockchain technology to remove all barriers and make cryptocurrency trading available to everyone.

Thanks to its innovative platform, it presents itself as a good option for all types of traders. Trading on OKX is quite simple and convenient. Users can not only trade Ethereum but also sell and exchange it on both the website and the mobile app. One feature of the OKX mobile app is receiving live cryptocurrency price notifications.

The minimum deposit to be able to trade Ethereum varies depending on the type of account verification. According to the type of account verification, you will have the possibility to make a larger deposit. However, we believe that an initial deposit of $50 would be ideal for getting started.

If you are a beginner in OKX, you can learn about trading with Ethereum. The platform has a section on its website called Academy, where you can find all kinds of educational material to learn about cryptocurrencies in the market.

Your Money Is At Risk.

3. Crypto.com – Trading Platform With An Integrated DeFi wallet To Buy ETH UK

As one of the world’s most secure and fast cryptocurrency exchanges, Crypto.com was founded in 2016. Several developers and a strong marketing team have helped Crypto.com grow rapidly in the past few years. The platform supports more than 250 different currencies, and holders of Crypto.com’s token (CRO) can enjoy discounts and fees.

It is an ideal place to invest in cryptocurrencies because Crypto.com provides multiple ways to store digital assets. For example, your account can be linked to multiple digital wallets. The DeFi wallet provides a good example of this. Moreover, users of this app will be able to earn rewards through coins or tokens, similar to those used by decentralized financial applications based on blockchain technology.

buy ethereum with paypal without id

Because Crypto.com only requires a $1 deposit to open a position, it is one of the most accessible cryptocurrency trading platforms. In addition, those who wish to leverage their position on the platform can also access cryptocurrency trading and derivative products.

Your money is at risk.

3. Alvexo – Platform To Buy ETH For All Traders In The UK

Traders can use this broker because it offers a friendly, convenient trading environment. A similar effort would also allow them to acquire new skills and learn things that would benefit them. Based in Cyprus, Alvexo founded the company in 2014 based in Paris. A platform that makes it easy to execute trading orders quickly and efficiently enables Alvexo’s traders to trade on the market.

CFDs can be traded via Alvexo’s platform by foreign-exchange traders. In addition to mobile applications and web-based platforms, the platform has many of the same features as a stockbroker. Because Alvexo is a CFD platform, commissions are deducted from the spread on every asset based on the fact that it is a CFD platform. For Classic Accounts, there are a variety of spreads available. Despite this, the Classic Account offers spreads as low as 2.9 pips. No other charges are assessed other than the spread fee.

It is easy to trade and learn on Alvexo. Education, trading signals, news, webinars, eBooks, economic calendars, and even a financial web TV channel are available. In addition, CySEC is regarded for its security practices, and since the platform is regulated and licensed in the EU, traders can also benefit from this.

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76.22% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5. Margex – Ethereum Trading Platform For Beginners in the UK With Educational Material UK

Margex has been providing cryptocurrency brokerage and trading services globally since its founding in 2020. Because of this, Seychelles is an ideal market for launching this platform. However, even though KYC information is not required to operate an exchange, there is another factor you should take into account.

It can be accessed from anywhere globally, which makes it convenient and helps keep your financial information private. Furthermore, Margex provides its users with the free ability to create a customized MP Shield (Listener Protection Shield) with data encryption so they may protect themselves from financial risks. As for liquidity trading pairs, the platform does not maintain a record of crypto assets manipulated in terms of price. Furthermore, various security options are available during withdrawals and deposits to ensure your account’s security.

The verification of step two is not required for other similar platforms. You will, however, not be able to utilize some of the benefits if you do not do this.

New cryptocurrency traders may gain information from Margex’s trading website because it has an intuitive interface. However, they should avoid diving into cryptocurrency trading right away. As well as articles and video guides, beginners can take advantage of useful reading material to help them succeed in crypto trading. Margex’s trading website is a great source of information before you start trading right away, as it features an easy-to-use interface for beginner cryptocurrency traders. In addition, there are many articles and videos available for beginners who want to make money in crypto trading.

Your Money Is At Risk.

6. Huobi – Excellent Ethereum Exchange Platform in the UK

Singapore-based Huobi is an exchange and online financial services company focused on cryptocurrencies. Besides offering access to popular crypto-assets like Bitcoin, Ethereum, and XRP, Huobi also allows users to participate in initial coin offerings (ICOs) before they go mainstream. Huobi was founded in Beijing, China. After the government expelled cryptocurrency exchanges in 2017, its presence in the Chinese cryptocurrency market grew rapidly.

A favorable crypto law regime led the company to move to Singapore. The largest crypto exchange globally, Huobi offers over 355 types of cryptocurrency. More than 5 million active users are represented in 130 countries on the platform. Based on a measure of daily trading volume derived from Coinmarketcap, Huobi is ranked third among the top cryptocurrency exchanges. Other prominent exchanges include Coinbase and Bithumb.

Because Huobi is accessible, it is popular since both new and experienced traders can use it simultaneously.

Your account will be set up in just a few minutes. You should also be able to do it without a problem, so please do not hesitate.

Security breaches have not occurred since Huobi launched its company wallets. To achieve this enviable record, we have implemented several security protocols that are very stringent. In addition, the crypto funds at Huobi are also not accessible to bad actors, as they are stored in a cold storage facility off-chain so that nobody can hack into them.

Your Money Is At Risk.

7. Binance – Ethereum Trading Platform UK for Day Traders

Binance LogoeToro 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.

binance review

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.

binance review

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.

Your money is at risk.

8. Coinbase – Ethereum Trading Platform UK for Newbies

Coinbase LogoAlthough 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.

Coinbase review

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.

Your money is at risk.

9. Kraken –  Ethereum Trading Platform UK for Leverage and Derivatives

Kraken UK reviewKraken 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.

Kraken vs coinbase UK

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.

Your money is at risk.

10. Coinjar – Best Ethereum Wallet UK for Long-Term Investors

the best crypto trading platform

As a global cryptocurrency platform, Coinjar has won several awards over the years for its development. It is still the biggest digital currency broker globally despite its entry into the market. In addition to Bitcoin, Coinjar allows users to purchase and sell a variety of cryptocurrencies.

The site provides the ability to exchange cryptocurrency any day and night. Furthermore, Coinjar also provides a full-featured Bitcoin wallet geared toward UK customers and the capability to purchase cryptocurrencies on their platform. Currently, the Coinjar app is available on both Android and iOS platforms.

best crypto buying platform

It is based on your specific operating system; all aspects are laid out and optimized accordingly, making it quite straightforward. Following the installation of the application, your cryptos will be sent to your unique wallet address after it has been set up.

Your money is at risk.

11. CoinCorner – Best Ethereum Broker UK for Small Stakes (Minimum £5) 

CoinCorner LogoCoinCorner is an online cryptocurrency exchange in the UK 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.

buy Ethereum at Coincorner

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.

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.

Regulation

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.

Ultimately, you should view Ethereum brokers in the same light as stock trading platforms and forex trading platforms – insofar that regulation and safety should be at the top of your list.

Ethereum Markets

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.

trade ethereum at etoro

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.

Fees

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.

Deposits

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 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 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!

Trading Commission

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.

Spreads

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.

For example:

  • 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.

eToro copy trading

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.

Market Research

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 Account

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.

trade ethereum eToro

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.

Payment Methods

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 and e-wallets like Paypal and Skrill. This ensures that you have the option of depositing funds instantly.

Customer Support

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.

eToro sign up

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 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).

trade ethereum eToro

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.

trade ethereum eToro

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.

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 cards, bank transfers, and even e-wallets like Paypal and Skrill.

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

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.

About Kane Pepi
About Kane Pepi

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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