As Ethereum becomes more and more popular it seems like it’s getting harder to find the best exchange for buying some Ether (the Ethereum currency). 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.
Three types of Ethereum exchanges
Trading platforms – Connect buyers and sellers automatically through an online website. The buyer states the requested price and the platform finds a seller that meets the bid. No direct communication is done between the buyer and seller. Trading platforms are usually the cheapest option when it comes to fees but are also much more complicated than the other options.
Brokers – A website that sells you Bitcoin directly for a premium. Brokers are usually the easiest way to buy Ethereum but are also more expensive.
p2p platforms – Websites that connect buyers and seller directly so they can negotiate on a price. While this sites usually allow for a wider array of options (payment methods, supported countries, etc.) they also hold a large amount of risk since you’re buying from an anonymous individual.
List of Best Ethereum Exchanges
Here’s a list of the best Ethereum exchanges available today. When examining an exchange you should usually take into account several factors such as:
- Countries supported
- Payment methods accepted
- Exchange reputation
- Level of verification needed
- Reliable support
The Coinbase Etherum Exchange
Coinbase is the most popular method today for buying Ethereum. The exchange is one of the oldest around and has been active since 2012. Coinbase supports 32 different countries including the US, Canada, UK, and Australia.
Pros: Cheapest broker around, easy to use
Cons: Support slow to respond