In terms of market value and overall market recognition, Ethereum (ETH) is the second-largest cryptocurrency. There are hundreds of Ethereum trading platforms available online, and you’ll need to choose a top-rated one if you want to start buying and selling this popular cryptocurrency.
In light of this, in this article, we give you our honest reviews of the best Ethereum trading platforms for you to consider in 2022. We’ll also explain how to make your first Ethereum trade on any of these regulated, commission-free exchanges.
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eToro
eToro is a regulated online cryptocurrency broker with over 17 million clients with a user-friendly platform. This top-rated company offers 16 digital currencies to buy, including Ethereum, as well as Bitcoin, Ripple, EOS, Cardano, Litecoin, and more. Beyond offering cryptocurrencies, eToro also offers trading of equities, ETFs, FX, and commodities.
The fact that eToro does not charge any commissions is perhaps the most appealing part of using it to trade Ethereum. Because the minimum stake is only $25, eToro is a popular choice among rookie crypto investors. This allows you to acquire Ethereum without taking a big risk because you don’t have to invest much money.
A variety of crypto-cross pairings are also available on eToro. So you can convert ETH to BTC or any other digital currency. Once again, you may trade these markets without paying a commission.
You can register for free; afterward, you’ll be charged for using the platform on a monthly or yearly basis, depending on the account plan that you opt for.
Changelly
Changelly has been providing an appealing and simple-to-use platform for quick Ethereum trades since 2015. The site has been consistently evolving to give its consumers new and creative services and a perfect exchange experience, all with the objective of broad adoption in mind.
Changelly provides cryptocurrency services that enable users to take advantage of the convenience of a one-stop cryptocurrency exchange where they can buy, sell, swap, and trade Ethereum and other alternative cryptocurrencies. The site has over 170 crypto assets listed and has over 2 million users.
Changelly, among its many services, offers a marketplace where users can buy and sell cryptocurrencies in over 160 fiat currencies via credit cards, bank transfers, and Apple Pay. A total of 170 different cryptocurrencies are available for users to trade.
Binance
Binance is, by far, one of the best Ethereum trading platforms for day traders. This top-rated cryptocurrency exchange strikes the ideal blend of cheap costs and a wide range of supported markets.=
Hundreds of Ethereum-based pairings are available on Binance. This covers ETH/USDT, ETH/BTC, ETH/XRP, and more. And, in terms of fees, Binance charges only a minuscule 0.1% commission for trading Ethereum. You can reduce the commission fees even further by owning a large number of BNB Coins —the Ethereum exchange’s native coin. And, you’ll save even more money on commissions when you trade in large volumes.
It’s worth noting, however, that Binance is a bit pricey if you plan to deposit funds with a debit or credit card. This will cost you 3.5% in the United States and 2% in other countries, such as the United Kingdom. If you use a bank transfer, you can generally deposit money for free. However, e-wallets such as Paypal are not supported.
Binance has several precautions and controls to ensure your assets’ safety. Whitelisting wallet addresses, email alerts, and two-factor authentication are examples of this.
Coinbase
With over 35 million users, Coinbase is by far the largest and most well-known bitcoin broker in the world. This success is largely due to how easy it is to use for cryptocurrency newcomers.
With Coinbase, there’s no need to be concerned over confusing crypto terminology or reading highly technical charts since the site makes the process of creating an account and trading Ethereum is as straightforward as it gets. Coinbase allows you to buy Ethereum instantly with a debit card if you wish. However, a 3.99% commission is attached to direct debit card purchases. In practice, this means that a $1,000 purchase of Ethereum will get you a little over $960 in value.
Conclusion
If you want to trade or purchase Ethereum from the comfort of your own home, it’s essential to choose an exchange that fits your requirements. If you’re ready to purchase and trade ETH right now, then the exchanges discussed here are all great options.
