As we are closing in on a digital money revolution, Ethereum (ETH) is one of the leading names on the list of favorable digital currencies. More and more crypto exchanges are offering this popular currency to their users. Unfortunately, not all exchanges offer the same benefits. If you are interested in exchanging ETH, here are our recommended platforms to get started now. Finding the Best Exchanges to trade Ethereum by Category
Platforms for Trading
Brokers
Peer-2-Peer Marketplaces
Finding the Best Exchanges by Benefits
Popular Exchanges for Ethereum
Broker: Coinbase
Trading Platforms: Binance
Trading Platforms: eToro
P2P Exchange: Godex.io
Summary
Table of Contents
Finding the Best Ethereum Exchanges by Category
Platforms for Trading
These online platforms are the matchmakers for buyers and sellers. Hence, no direct communication between the parties is made. This option is cheaper but complex.
Brokers
Brokers are expensive ways to get ETH. They can sell Ethereum directly to the users. However, the user has to pay a premium to get an easier service.
Peer-2-Peer Marketplaces
Both buyers and sellers get the chance to negotiate the ETH price over the platform. But it is considered a risky way to get Ethereum.
Finding the Best Exchanges by Benefits
Some other services you must keep in mind to find the best way to exchange ETH are:
- Customer Support: Find out about the responsiveness of the exchange’s customer support.
- Reputation: Check out the overall reputation of the exchange. Learn about their business operation time.
- Exchange Fees: Compare the exchange fees carefully. Some might charge fees for deposits, withdrawals, and other services.
- Limit: Ethereum exchanges have different withdrawal, deposit, and trading limits. Compare them before trading any currency.
- Verification: Verification is important for the security of the user. But some exchanges might provide fast transactions without the need for verification.
Popular Exchanges for Ethereum
Now we already know the different exchange types and some benefits. Let’s dig into the popular places to buy ETH in each category.
Broker: Coinbase
Coinbase is a broker exchange for Ethereum. It supports the direct selling of ETH.
Pros
- Coinbase has a wider currency range to choose from.
- It has a better reputation in the industry.
Cons
- This exchange has limited services for non-premium users.
- The exchange takes higher fees.
Trading Platforms: Binance
Binance is a good choice for online trading platform users.
Pros
- Binance is quite fast and reliable.
- The exchange fees are reasonable.
Cons
- Some US areas are restricted from trading.
- This exchange holds custody of keys.
Trading Platforms: eToro
This exchange is known for social trading. Here are some pros and cons.
Pros
- You can start with a smaller deposit.
- There are better currency choices for trading.
Cons
- Services are not available in some areas of the US.
P2P Exchange: Godex.io
Our first choice for P2P exchange is Godex.
Pros
- This exchange is fast and has anonymous trading.
- Godex has no limits for trading.
Cons
- In the past, Godex has had some support issues.
Summary
To conclude, we recommend you go for the exchange or broker that reflects your trading goal. You can try any exchange above and decide which is better for you.
You can also choose the best anonymous services, like the Godex converter, to get started with your ETH trading journey. Finding the Best Exchanges to Trade Ethereum (ETH) in 2021: All You Need to Know.
