Best Ethereum Trading Platform

Best Ethereum Trading Platform

In this article we will discuss which is the best trading platform for Ethereum. The United States has extremely tough regulations for cryptocurrency trading and many of our readers are from US. Therefore, we will investigate region availability with the main focus on US traders. In addition, we will cover trading pairs, fiat currencies, trading features and tools, liquidity and deposit and withdrawal methods.

 

• Region availability
• Best Ethereum trading platform in US
• Trading pairs
• Trading features
• Liquidity
• Deposit and Withdrawals
• Conclusion – Best Ethereum Trading Platform

Region availability

Binance has written in their terms of use that the responsibility lies with the customer to comply with the requirements for using Binance in their jurisdiction.

BitMEX does not allow – according to their terms of use (TOS) – residents / citizens of the United States, the province of Quebec in Canada, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea and Sudan.

eToro does not allow traders from Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Botswana, Burundi, Canada, Chad, Congo Republic, Crimea Region, Cuba, Ethiopia, Guyana, Guinea, Guinea-Bissau, Iran, Japan, Laos, Libya, Mali, Myanmar, Namibia, Nicaragua, North Korea, Palau, Samoa, Serbia, Somalia, Sudan, Syria, Turkey, Uganda and Yemen.

Coinbase is available in 58 countries including:
Ghana, South Africa, Hong Kong, India, Indonesia, Republic or Korea, Philippines, Singapore, Australia, New Zealand, Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Gibraltar, Greece, Guernsey Hungary, Iceland, Ireland, Isle of Man, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Canada, Cayman Islands, Mexico, United States, Virgin Islands, Argentina, Chile, Colombia & Peru.

Best Ethereum trading platform in US

Binance is the best overall platform for US traders, because they offer low fees, good trading platform, high liquidity and good support. However, they don´t offer trading in fiat currencies, margin trading, derivative trading, social trading. Also, their platform is not very friendly for cryptocurrency newbies.

BitMEX is not available in US.

eToro is not available in US. However, eToro launched eToroX in early 2019 where they do allow US traders. We will test this new platform and come back with a review in our platforms review section

Coinbase is a good place to  start for US traders.

Trading pairs

Binance offer many different cryptocurrency trading pairs with great liquidity and tight spreads. In addition, the fees are the lowest on the market. 

BitMEX does only offer derivative trading in a few cryptocurrencies. BitMEX offer futures trading with Bitcoin, Cardano, Bitcoin Cash, EOS, Ethereum, Litecoin, Tron and Ripple.

eToro does offer crypto and fiat trading in the major cryptocurrencies and have a total of 64 trading pairs. Also, they do offer some trading in other fiat currencies than USD. 

Coinbase does only offer trading with the major cryptocurrencies and some of the major fiat currencies. Coinbase’s competitive advantage is their simple platform and availability in USA.

Trading features

Binance has a good trading interface with charting tools from tradingview. Binance offer two different trading modes, basic and advanced.

BitMEX does offer a simple but very functional trading interface with charting tools from tradingview.

eToro’s competitive advantage is their simple, but still nice, trading interface. It’s very easy to navigate and understand the different trading features, including, eToro academy, etoro social trading and eToro crypto copyfunds.

Coinbase is a beginner-friendly platform with basic trading features and simple navigation.

Liquidity

Binance offer high liquidity. 

BitMEX has a derivative market with high liquidity.

eToro does offer medium liquidity and the spreads are VERY high compare to the other platforms. Be aware of those spreads before you use eToro. eToro´s main competitive advantage is their social trading platform, including copyfunds.

Coinbase has a high liquidity with low fees and tight spreads.

Deposit and Withdrawals

Binance offer crypto and credit card as deposit and withdrawal methods.

BitMEX only offer Bitcoin as deposit method and withdrawal method.

eToro does offer many different deposit and withdrawal methods including bank wire, credit card and many other e-wallets.

Coinbase offer all basics deposit and withdrawals methods. However, there are different possibilities for different regions.

Conclusion – Best Ethereum Trading Platform

Binance is the best overall Ethereum trading platform. An alternative is Bitfinex.

BitMEX is the best Ethereum trading platform for high leverage derivative trading. Alternatives are PrimeXBT and Delta Exchange.

eToro is the best Ethereum social trading platforms and also have passive trading with copy crypto portfolios. Alternatives are Avatrade or Plus500.

Coinbase is a good trading platform for Ethereum if you are from US and only want to buy and HODL some of the major currencies. Alternatives are Bitstamp, Bittrex or Kraken

 

Also, If you are further interested in Ethereum, read more about the Best Ethereum Price Prediction and Fundamental Analysis for 2019.

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