Eight Best Ethereum Exchanges for 2024. Ethereum is among the most popular cryptocurrencies, with over 250 million wallet holders worldwide. You may invest in less than 5 minutes because most exchanges accept ETH tokens.
Here are the top 8 Ethereum exchanges for 2024 that you should know about. Our evaluations address the following areas: security and regulation, commissions, minimum purchases, payment methods, and ease of use.
The Best Ethereum Exchanges
With a quick summary of why we favor each exchange, we have compiled a list of the top Ethereum exchanges for 2024.
- Best Wallet: Top Ethereum decentralized exchange with no-know-your-customer trading fees and the best exchange rates.
- PrimeXBT: With this award-winning platform, you may access more than 50 technical indicators for a cheap price.
- OKX: Ethereum trading can be started with commissions as little as 0.1%. Staking APYs awards 4.14% of your ETH.
- MEXC: Best Ethereum exchange: earns 4.8% annual percentage yield (APY) on ETH stakes and never charges for spot trading.
- Binance: The biggest market for buying and selling, with yield farming tools and savings accounts available.
- Coinbase: With its intuitive interface and suite of security features, this Ethereum exchange has earned the trust of traders worldwide.
- Kraken: There has never been a hack on Secure Exchanges—Trade Ethereum with leverage of up to 5x.
- Margex: With the crypto derivatives platform, you may trade Ethereum with 100x leverage.
Reviewing the Top Ethereum Trading Platforms
What follows is an analysis of the top Ethereum trading platforms.
1. Best Wallet: Decentralized Ethereum Exchange With Market-Leading Rates and a KYC-Free Experience
Best Wallet: Decentralized Ethereum Exchange With Market-Leading Rates and a KYC-Free Experience Regarding Ethereum exchanges, Best Wallet is our top option for 2024. To begin with, Best Wallet is an independent cryptocurrency exchange. There are numerous advantages to this, one of which is a KYC-free experience. So, you can buy Ethereum anonymously by not having to provide any personal information or submit any documents to prove your identity.
In truth, signing up is entirely optional; all that’s required is a wallet connection. Because intelligent contracts handle all Ethereum transactions, you don’t have to trust Best Wallet. Put, your linked wallet will receive Ethereum tokens immediately after the trade is finalized.
Best Wallet provides the best exchange rates, which is an additional perk. It establishes connections with decentralized liquidity pools to ensure your trade is executed at the most advantageous price. Since no fees are associated with using Best Wallet to trade Ethereum, it is the most cost-effective option.
The biggest problem is that if you wish to be anonymous, you must purchase Ethereum using another cryptocurrency. Alternatively, you can use a debit or credit card, but a short Know Your Customer (KYC) step will be required. You can store Ethereum and many more top-tier altcoins with Best Wallet. It encompasses all tokens that are ERC-20 and BEP-20. Best Wallet has an app for iOS and Android as an alternative to centralized wallets. Because Best Wallet provides self-custody storage, this is the most secure method of storing Ethereum. Your private keys and backup passphrase are entirely safe; not even Best Wallet can access them. At long last, Best Wallet will include NFTs, staking, and all the other essential features shortly.
2. PrimeXBT – Access Customizable Charting Software and Pay Low Fees on this Ethereum Exchange
PrimeXBT – Access Customizable Charting Software and Pay Low Fees on this Ethereum Exchange The cryptocurrency trading platform PrimeXBT was established in 2018. Coins like Shiba Inu, Bitcoin, and Ethereum are just a few of the forty cryptocurrencies investors can access on PrimeXBT.
PrimeXBT levies a pitiful 0.01%/0.02% maker/taker fee for Ethereum trades. Primex Bitcoin facilitates spot trading futures and margin trading. Depending on your trading style, you may easily customize the margin type when trading Ethereum.
A standout feature of PrimeXBT is its sophisticated charting and trading software, which gives users access to more than 50 technical indicators. So, before you trade Ethereum or any other asset, you can acquire brief knowledge.
All of PrimeXBT’s investor monies are securely stored in cold storage. To safeguard the assets from possible security breaches, it employs multi-signature access. With its robust trading engine, PrimeXBT facilitates efficient Ethereum trading with an average execution speed of just 7.12m.
With PrimeXBT, new traders have access to copytrading tools and practice accounts. Over a million users have joined PrimeXBT since the platform’s inception. If you fund your PrimeXBT trading accounts with $500 in the first two days after registration, you will receive a $100 bonus.
3. OKX – Buy Ethereum at a 0.1% Commission and Earn APYs of 5%
OKX – Buy Ethereum at a 0.1% Commission and Earn APYs of 5% Regarding Ethereum exchanges that provide competitive APYs, OKX is among the top choices. This well-known exchange currently gives 5% per year on flexible Ethereum accounts. Your Ethereum tokens are fully withdrawable at any moment. Trading commissions on OKX are incredibly minimal, beginning at just 0.1%.
Hundreds of additional cryptocurrencies are compatible with OKX, not only Ethereum. Wall Street Memes, Dogecoin, and Shiba Inu are among the top meme coins that can be purchased. OKX’s self-custody wallet is another reason for its popularity. You may use the OKX wallet on any computer, desktop, or mobile, which is decentralized. Secure features like Multi-Party Computation (MPC) storage are pre-installed. You can buy and sell Ethereum anonymously on OKX’s decentralized exchange. In addition to facilitating transactions, this acts as an aggregator, guaranteeing the most advantageous market exchange rates. Lastly, OKX provides an array of leveraged Ethereum assets, including options and futures.
4. MEXC – Get Up to 4.8% Annual Yields by Staking Ethereum
MEXC – Get Up to 4.8% Annual Yields by Staking Ethereum More than 10 million users from 170 countries use MXC, making it one of the most popular cryptocurrency exchanges globally. Ethereum, Bitcoin, and over 1,700 other cryptocurrencies are compatible with this well-liked trading platform.
The staking platform is a critical component of MEXC since it allows token holders to earn passive revenue. You can earn up to 4.8% in APYs by staking Ethereum on MEXC’s flexible savings mode.
As a bonus, traders can use MEXC’s zero percent trading fees for spot ETH and other cryptocurrencies. The minimum amount required to trade futures is a pitiful 0.02%. Margin trading is another option for Ethereum, allowing you to use leverage of up to 10x.
Using MEXC’s sophisticated charting indicators, you may more reliably develop winning trading strategies. The platform also uses high-performance mega-transaction matching technology to facilitate quick and easy trading.
Cold storage is where this safe platform keeps assets valued at over $500 million. In addition to implementing an anti-DDoS (Distributed Denial-of-Service) system and using two-factor authentication, it takes precautions against cybercrimes.
Through its round-the-clock customer support team, the site helps registered members. MEXC is accessible through desktop computers, laptops, or its mobile app.
5. Binance: Low Trading Fees and Competitive APYs on Ethereum Earning Tools
Binance is the leading Ethereum exchange, with a user base of over 166 million people worldwide. Based on trading volume, Binance is also much ahead of the competition. Trading fees start at just 0.1%, and it supports hundreds of cryptocurrencies. Multiple payment methods are available for deposits, such as bank transfers, e-wallets, and debit/credit cards.
You may buy Ethereum on Binance using local payment options through their peer-to-peer marketplace. A wide range of transaction fees are country and deposit-type specific. If you’re looking for a place to trade Ethereum that offers competitive yields, Binance is a fantastic alternative. One example is the possibility of earning up to 3.45% by staking Ethereum. Flexible savings accounts with a current interest rate of 1.07% are also available. You can earn via liquid swaps and dual investments, which offer variable and fixed periods. Binance provides an online and mobile app custodial crypto wallet.
6. Coinbase: Instant and Fee-Free Bank Transfer Deposits and a Solid Regulatory Framework
If you’re looking for an Ethereum exchange, one of the best options is Coinbase. Operating since 2012, it boasts a robust regulatory structure. Coinbase is more open and accountable because it is a public firm. It will take you less than five minutes to open an account with Coinbase. A local bank transfer allows you to deposit funds fee-free.
Instant processing of bank deposits is usually possible. The usual trade commission on Coinbase is 1.49 percent. Nevertheless, this rises to 3.99% when purchasing Ethereum using a debit/credit card or PayPal.
Bitcoin, Cardano, Polkadot, Cosmos, and many other cryptocurrencies are available on Coinbase. Additionally, it provides Ethereum staking tools, now generating 3.15% APY. However, when you remove Ethereum from Coinbase’s staking pool, a 25% fee is applied. Coinbase also has an easy-to-use dashboard.
The investment process is straightforward, even if you’re new to trading Ethereum. You can store your Ethereum tokens in one of two ways on Coinbase. It starts with a guarded web and mobile wallet, offering cold storage and two-factor verification. Second, it provides an Ethereum wallet app that you may use to store and manage your assets.
7. Kraken: Trade Ethereum on Margin and Access Leveraged Derivatives
When it comes to margin trading Ethereum, Kraken is a top choice. It provides a maximum leverage of 5x on Ethereum, which translates to $1,000 in money for every $200 staked. You may open a margin account with Kraken to trade Bitcoin, Cardano, and Solana, among other prominent cryptocurrencies. Leveraged derivatives are also available. They function similarly to futures contracts, except there is no set end date for the contracts.
Trading commissions on Kraken begin at 0.26% for each slide, which is competitive. Local banking methods such as ACH and SEPA do not incur additional deposit fees. Until you finish your purchase, the costs for debit/credit cards will not be displayed. The costs are also embedded in the exchange rate, making it hard to discern the exact amount. In any case, Kraken is a reliable exchange that has been around since 2011. It provides many high-tech trading resources, such as detailed price charts and technical indicators. Staking pools and round-the-clock customer support are also available. The second one pays out staking rewards every two weeks and offers a bonus of up to 6% on Ethereum deposits.
8. Margex – Apply up to 100x Leverage when Trading Ethereum
Many people use Margex, a platform for trading bitcoin derivatives because it gives you many tools, allows you to stake cryptocurrencies, and applies leverage on deals.
Margex levies a trading fee beginning at 0.06% for each transaction for margin trading Ethereum. Shortly, the platform will also include spot trading capabilities. Margex allows you to add leverage on your trades up to 100 times, increasing their value.
Staking allows users to secure their Ethereum assets and earn a dividend of up to 4.7% per year. Despite Ethereum’s immobility in the staking mechanism, investors can continue trading the cryptocurrency.
The copytrading features on Margex allow novice traders to mimic the moves made by more experienced traders. Additional resources for learning the ropes of cryptocurrency include price notifications and beginner-friendly video lessons.
The most stringent crypto and bank-grade security measures are in place on this reliable platform. A technology called MP Shield has been put in place to prevent price manipulation. Importantly, Margex uses the pooled liquidity of twelve other leading cryptocurrency exchanges to establish the asset price.
Several fiat payment options are available for deposits, including ApplePay, PayPal, VISA, and Mastercard. While third-party payments may be applicable, no additional deposit fees are associated.
