Best Ethereum Exchanges 2023

If you’re looking to purchase or sell Ethereum, you’ll need to do it through a cryptocurrency exchange. Below, you’ll find the best Ethereum exchanges, which include Coinbase, Binance, Kraken, and KuCoin.

1. Coinbase

With more than 56 million verified users, the crypto exchange known as Coinbase is one of the best trading platforms for buying and selling Ethereum.

As per the latest available data, Coinbase has registered $335 billion in its quarterly trading volume. Its services are available in more than 100 countries. Its portfolio management feature helps you keep track of your trades. You can choose to auto-schedule your buys on a daily, weekly, or monthly basis. The Coinbase app is available for both Android and iOS.

You can also store your funds in a vault with time-delayed withdrawals. Trading cryptocurrencies through an exchange is also about the security features of the exchange. Coinbase ranks high on this aspect. While it stores a vast majority of its assets securely offline, the digital currency stored on its servers gets insurance coverage. Coinbase’s service allows multiple payment methods, including bank account (ACH), debit card, wire transfer, and PayPal.

Coinbase has a layered fee structure on buy and sell transactions, depending on the total transaction amount involved. It may vary from $0.99* to $2.99* for transactions ranging from any amount less than or equal to $10 to any amount more than $50 but less than or equal to $200. Apart from Ethereum, the service of Coinbase is available for 1inch, AAVE, ADA, ALGO, ATOM, BAND, BCH, COMP, DASH, DOGE, and many more.

*Rates current as of July 2021

2. Binance

Often positioned as the world’s largest cryptocurrency exchange, Binance is an exchange that facilitates convenient buying and trading of Ethereum and many other cryptocurrencies, including Bitcoin, Chiliz, Filecoin, Cardano ADA, and many more.

With Binance, you can trade Ethereum from anywhere you wish to. The app is available on the iOS app store, Google Play Store, and Android APK. It is compatible with macOS, Windows, and Linux.

On Binance, you can buy Ethereum with a bank transfer. All you need to do is buy stablecoins listed on the exchange by wiring money from your account. Then you can use those stablecoins to buy Ethereum. Or, for more convenience, you can choose to directly purchase Ethereum with a credit card. Binance allows both Visa and MasterCard as well as debit cards for Ethereum purchases.

When it comes to trading Ethereum, Binance exchange allows the deposit of more than 150 diverse cryptocurrencies. Out of these 150, several crypto assets are available in exchange for Ethereum at one of the most competitive rates in the market.

After you buy Ethereum on Binance, you can store or hold it, trade with it, use it as payment on the Ethereum blockchain and send or donate it.

Binance offers an extremely fast service with its matching engine supporting up to 1.4 million orders per second. It is also highly secure and trusted with its multi-tier, multi-cluster system architecture and SAFU insurance fund.

Deposits are free on Binance, while its withdrawal fees are dynamic and adjusted automatically depending on the market status. Binance’s native coin is known as BNB.

Without the BNB, which provides a discount on the trading fees, each trade carries a standard fee of 0.1%*.

*Rates are current as of July 2021

3. Kraken

Buying ETH on Kraken is also hassle-free. You need to sign up for a Kraken account and verify it. If you want to use fiat currency to buy Ethereum, you would have to provide some additional documents.

Otherwise, you can buy cryptocurrencies like Bitcoin or Tether. As an exchange, apart from Ethereum, Kraken supports the buying and selling of more than 50 cryptocurrencies. It is a highly inclusive platform where you can start buying with as little as $10. Kraken has a 24/7 global support team that will guide you in case you have any trading-related queries, doubts, or concerns.

If you are planning to fund your Kraken account with USD, the available avenues are Fedwire, SWIFT, Etana Custody, and Silvergate Exchange Network for domestic consumers. International customers have the facility of paying through Wire Transfer. The usual processing time can vary between 1 to 5 business days.

With Kraken, you also have the benefit of funding your account with popular crypto coins such as Bitcoin, Ethereum, Qtum, Zcash, Ripple, Litecoin, Cardano ADA, Monero, and more.

Kraken charges a 1.5%* fee for any crypto or FX pair other than stablecoins.

*Rates current as of July 2021

4. KuCoin

Estimates show that 25% of crypto holders in the world trade with KuCoin. It ranks as the top exchange platform in globalization deployment, with the accumulated number of trades crossing the mark of 795 million.

The accumulated transaction volume of the exchange goes above $365 billion USD. Apart from Ethereum, KuCoin supports a host of other currencies, including Bitcoin, Ethereum, Litecoin, Ripple, KCS, and more.

Trading with KuCoin comes with the opportunity to achieve up to 20-times returns on margin trades and 100-times returns on futures trades. The customer service is available to guide you on a 24/7 basis, while the KuCoin community assistance is available in more than 200 countries and 13 languages.

You can trade Ethereum from both the KuCoin app and website. The application is available for download on the iOS app store and the Google Play Store.

KuCoin charges a standard trading fee of 0.1%*.

*Rates current as of July 2021

The selection of an Ethereum exchange would primarily depend on your preferences. While, as a trader, your preferences will revolve around the transaction fees, availability of trading pairs, and the exchange’s compatibility with your payment method, there are several other factors that you must consider. The security of your funds is a crucial factor. Another vital factor is whether the exchange has insurance for its depositors’ funds. The processing time and whether the exchange charges additional fees on deposits and withdrawals are also crucial to consider.

If you are a crypto-enthusiast or crypto investor contemplating how to buy Ethereum, you can go with any of the four exchanges above. All of these four reputed exchanges with a significant volume of trade and customer base. However, carefully review all the parameters listed above to finalize the one that is the closest to your needs.