What is the best ethereum exchange?

As Ethereum becomes more and more popular, exchanges are including Ether (Ethereum’s currency) in their currency pairs. In this article I’m going to go over the different Ethereum exchanges available and list the various things you need to take into account before choosing an exchange.

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How to Choose an Ethereum Exchange?

When examining an exchange you should take into account several factors: Fees – What are the deposit, withdrawal and transaction fees the exchange collects? Countries supported – Is the exchange supported in your country? Payment methods accepted – Does the exchange accept credit cards, wire transfers or even PayPal? Exchange reputation – How long has the exchange been around? Is it transparent about its business? Level of verification needed – Is there a long verification process or can you buy Ethereum right away? Reliable support – How responsive is the exchange support? Can you chat with them or just email them? Keep in mind that no exchange is perfect and usually an exchange will excel in one field and lag behind in another.

Best Ethereum Broker Exchanges

CEX

CEX is a Fincen registered Bitcoin and Ethereum broker that also supplies a complete trading platform. The exchange accepts credit cards, wire transfers and SEPA transfers if you live in the Eurozone. The site has a very easy to use and intuitive interface that allows you to buy ETH relatively quick. If you feel comfortable using the site’s trading platform instead of the brokerage service you can save a lot in fees.

CoinMama

Coinmama has been around since 2013 and supplies a brokerage service to both Bitcoin, Ethereum and a variety of other cryptocurrencies. The exchange will buy or sell Ethereum directly at a premium. They also put an emphasis on quality customer support. Coinmama accepts credit and debit cards, as well as SEPA transfers for Ethereum purchases. If you have the option to pay via SEPA you’ll decrease fees dramatically.

Best Ethereum Trading Platforms

eToro

eToro is a trading platform that allows trading in several cryptocurrencies such as Ethereum, Bitcoin, Ripple, Bitcoin Cash, Dash and more. It is very well suited for people who are looking to make money from changes in Ethereum’s price but not so much for people who want to actually hold their Ether in their own wallet.

The reason for that is that withdrawing your coins to your private wallet involves sending it first to your eToro wallet, which may take up to 3 days.

Bitstamp

Bitstamp has added the Ethereum trading pair in late 2017. The exchange has been around since 2011 and is one of the oldest and most respectable exchanges around. The platform supplies two options for buying Ethereum – using the trading platform or using the brokerage service. The trading platform is cheaper but harder to use for inexperienced users, while the brokerage service is a more expensive “one click” solution.

Best Ethereum P2P Exchanges

Local Ethereum

LocalCryptos is a P2P marketplace where buyers and sellers of ETH can meet online and trade similiar to LocalBitcoins. Although this platform gives a wide variety of payment methods it’s important to remember that you’re dealing with individuals and not corporations.

This means that the chance a deal can go wrong is higher and it’s important to take that into account. As a general rule it’s best to keep this option for when all other options fail.

Conclusion

As Ethereum becomes more popular the options for buying it increase dramatically. The main thing when choosing an exchange would be to make sure your country and payment method are supported. For beginners it’s better to use brokerage services and pay a bit of a premium while more advanced users should trade on trading platforms and save on fees.