1. eToro - Best Overall Place to Buy ETH Ethereum
eToro is popular for its unique Copy trading feature that allows users to copy the trading and investment decisions of more experienced investors. The platform stands out from its competitors by creating a vibrant community of 25 million users that can learn from one another.
It is also one of the most regulated crypto brokers with licences from the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities & Exchange Commission (CySEC) in Europe, and the Australian Financial Services Licence (AFSL) in Australia
The platform offers thematic investment portfolios that allow newbies and experienced users to spread their risk by investing in a portfolio of stocks or crypto assets that is built around a theme or industry that they understand. This way, users reduce their risk of choosing one or two digital assets that do not perform well.
Users can buy ETH along with over 75 other cryptocurrencies the broker offers. Transaction fees are ultra-low with a 0% commission for crypto trades thanks to their proprietary blockchain technology called eToroX.
Deposits and withdrawals are favourable to users as they can deposit as little as $10 (£8.40) through several payment channels like credit/debit cards and electronic wallets like PayPal, Neteller, and Skrill. For withdrawals, eToro charges a $5 (£4.07) fee on all transactions above $30 which is, unfortunately, the minimum limit for withdrawals.
eToro does not charge for deposits, but your payment provider may. Bank deposits are subject to a minimum value of $500 (£419.95) while credit cards used for deposits must bear the same name as the account.
For purchasing Ethereum, you’ll need to create an account, and pass KYC by submitting a valid ID and proof of address documents like a utility bill or bank statement.
Pros of eToro
Straight forward signup
Access to over 75 crypto assets
Access to both coins and CFDs
$10 minimum deposit
Free deposits on eToro’s end
Strong social investing features like copy trader
Affordable withdrawal fee ($5/£4.07)
Cons of eToro
2. Binance - Best Exchange with Cheap Transaction Fees
Binance is one of the largest crypto exchanges in the world with a vast collection of around 600 cryptocurrencies that run the gamut from major coins like Bitcoin and Ethereum to fan tokens like the Manchester City Fan Token, and DeFi gems like JEWEL.
Despite its massive coin selection, Binance’s low transaction fees are where it shines. The exchange charges a modest 0.10% for crypto transactions. If you hold its native coin, Binance Coin (BNB), you pay reduced fees, depending on how much BNB you hold.
When it comes to liquidity, Binance’s $76 billion (£62 billion) daily trade volume is more than enough to facilitate large volumes of Ether.
You also have several options when buying ETH. You could use the straightforward Convert feature to buy Ethereum at the current market price. This feature is great for users who want to buy and store Ether.
For more sophisticated buyers, the classic trading terminal gives access to a chart and indicators for studying Ethereum’s price pattern and predicting future movements. And when you’re ready to buy, use the order interface to place dynamic order types like limit orders, market orders and OCO orders.
Binance makes depositing funds convenient with its support for about 61 different types of fiat currency through several payment channels like bank wires, bank deposits, SEPA Transfers, credit/debit cards, and third-party channels like Simplex.
Deposit fees vary with currency and payment method but are usually within affordable limits. The highest charges we found were 1.80% for credit card transfers and $15 for US SWIFT transfers.
GBP deposits cost 1.80% with credit cards and £1 with Faster Payments. Withdrawals cost the same as deposits.
Euro deposits cost €1 with a bank transfer, 1.80% with bank cards, are free with Advcash while withdrawals cost 1.80% with VISA cards and €1 with SEPA transfers.
Signing up is easy, although KYC could sometimes take a while.
Pros of Binance
Low trading fees at a max of 0.10%
24/7 support but mostly through email
Affordable deposit and withdrawal fees at a max of 1.80%
Supports over 60 fiat currencies
Provides advanced trading tools and order types
Has a mobile app
Cons of Binance
3. Coinbase - Best Exchange for Beginners
Coinbase is known for its smooth user interface and clean platform. The US-based exchange excels as a platform for beginners because it is one of the easiest crypto applications to use.
The exchange offers 193 cryptos, a number that is constantly growing as more coins periodically get added. You can find major coins, gaming tokens, and even meme coins within the collection, and US residents will find that it has the largest collection among US-based crypto entities.
Users also enjoy an all-in-one platform with staking and lending services and crypto-backed loans. Traders who wish to set limit orders to buy Ethereum at a lower price than its current market price can do so on the advanced trading platform.
New investors and crypto novices can use Coinbase’s convert interface to directly swap between coins for a flat 1% conversion fee. Trading fees are cheaper at 0.05% - 0.60% for immediate orders (taker fees) and between 0.00% - 0.40% for delayed orders (maker fees).
Depositing and withdrawing funds to/from Coinbase is just as easy as swapping tokens. The exchange supports several payment channels depending on the geographical regions, however, six major regions encompass the rest. They include the United States, Europe, Singapore, Australia, Canada, and the United Kingdom.
US users can choose between Apple Pay, Google Pay, PayPal, bank transfers, and credit and debit cards. To withdraw, users can choose between PayPal, wire transfers, and bank transfers.
UK and EU users can choose between Faster Payments and SEPA transfers to add cash and cash out from their accounts and use a debit card to directly purchase crypto. Singaporean and Australian users can use a debit card to buy crypto, and Canadian users can use bank accounts and cash out using PayPal.
Deposit and withdrawal fees vary depending on the payment channel. Credit card transactions cost 2.49% of the transaction value, bank transfers vary depending on the bank, and wire transfers cost $10 for deposits and $25 for withdrawals.
Creating an account is easy. You'll need an email address and password. You also have to pass KYC using a valid ID and a proof of address document like a utility bill or bank statement.
Pros of Coinbase
Robust coin collection for a US entity
Over 100 countries supported
Educational resources for beginners
Cons of Coinbase
4. Bitpanda - Best Exchange for Traditional Investors
Bitpanda is a fintech firm known for its conventional feel, one that traditional investors are used to, making it an ideal way for them to enter the crypto space. This platform is geared toward helping investors manage their portfolios as a whole.
The platform’s most unique feature is its crypto indices that work like traditional ones in benchmarking the performance of certain sectors. These indices are composed of the top coins in the seven sectors they track.
They include the BCI Infrastructure index composed of 5 strong infrastructure projects, the BCI DeFi Leaders index composed of 5 top DeFi coins, the BCI Metaverse index composed of 5 top metaverse tokens, the BCI Smart Contracts index composed of 14 top smart contract blockchains, the BCI 5 index composed of the 5 most capitalised coins, the BCI 10 index composed of the 10 most capitalised cryptos, and the BCI 25 index composed of the 25 most capitalised cryptos.
Traditional investors can put money into any of these indices and enjoy growth in the sectors they track. If the market doesn’t perform favourably, they don’t lose as much as they would have if they invested in one or two coins.
For investors with a long-term horizon, Bitpanda offers a savings plan that automatically buys a set amount of Ether periodically once connected to a credit card. This way, investors can develop a set-it-and-forget-it investment schedule for Ethereum and accumulate the coin over long periods.
Deposits and withdrawals on Bitpanda are done in Euro, US dollar, British pound, Swiss franc, Danish krone, and Turkish lira through credit cards, bank transfers, SEPA transfers, Skrill, Neteller, and some region-specific channels.
Transaction fees are an affordable 1.49% for crypto transactions and are already priced into the cryptos on the in-built exchange. Traders pay a maximum of 0.10% for delayed trades (maker fees) and 0.15% for immediate trades (taker fees).
Finally, Bitpanda is licensed and regulated by the Financial Market Authority (FMA) Austria, the French Autorité Des Marchés Financiers (AMF), and the Czech Trade Authority.
Lists 170 cryptocurrencies
Innovative crypto indices
Automated crypto savings
Simple, easy-to-use platform
€25 minimum deposit and withdrawal
Pro platform for advanced traders
5. Bitstamp - Best Exchange for Reliability
Bitstamp is an enduring crypto exchange best known for its reliability, collection of over 75 cryptos, institutional-grade security, and 24/7 customer service. If you want an exchange that has a track record of always being around, Bitstamp is the place to go.
The platform’s interface is clean, straight to the point, and more conventional than regular crypto interfaces, making it suitable for both traditional and novel investors. The simple platform is packed with a powerful trading terminal, staking services, and an accompanying mobile app to help manage portfolios on the go.
Investors can easily swap between coins at market cryptocurrency prices without using the trading terminal while traders can access the industry standard trading platform to set dynamic order types.
Trading fees are slightly higher than some competitors at 0.50% for trades under $10,000. However, higher volumes attract lower fees.
Deposits are quick and easy with payment channels like SEPA transfers, credit or debit card, international wires, and bank transfers. Withdrawals also use the same channels.
Bitstamp transfer fees are affordable at 5% for credit cards, free for ACH, Faster Payments, and SEPA, and 0.05% for international wire. Withdrawal fees include €3 for SEPA, £2 for Faster Payments, free for ACH, and 0.1% for international wire.
To create an account, you’ll need an email address and KYC documents like an ID card and a utility bill.
Strong reputation for being reliable
$25 minimum deposit
Mobile app for on-the-go trades
24/7 customer service