Ethereum exchanges: centralized and decentralized platforms for trading Ethereum cryptocurrency (ETH)

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Ethereum is the most popular altcoin at the moment, enjoying success almost since its inception in 2015. As often happens, at first it was the purpose of the platform (the development of smart contracts and decentralized applications) that aroused interest, and then the native cryptocurrency itself acquired value. ETH is actively growing along with the entire crypto market and has gained almost 60% in value over the past month.

If you are planning to buy or sell this asset, the Btcnewsweb.com editorial staff offers an overview of exchanges with Ethereum, which will help you do it as profitably as possible.

What are the exchanges for trading Ethereum

ETH can be traded by many platforms that can be divided into different categories – decentralized and centralized, with or without fiat money support, spot and derivative, with or without verification. These categories overlap, so each exchange has its own advantages, disadvantages and features. We will look at the two most basic types of crypto exchanges where Ethereum is supported.

Centralized (CEX)

The centralized exchanges are operated by a company that is responsible for conducting transactions and

1. Binance Exchange

Leading trading platform Binance allows you to buy and sell ETH with fiat money or other cryptocurrencies. On Binance, among other things, you can use additional functions: p2p exchange, crypto loans, liquidity pool. In addition, the platform launched a staking pool for Ethereum 2.0.

Trade Ethereum (ETH) cryptocurrency on Binance.com
  • Website: binance.com
  • Types of trading: spot, futures, margin, p2p
  • Country of registration: Hong Kong, Cayman Islands, etc.
  • Creation year: 2017
  • Trading commission: up to 0.1% (for the spot market)
  • Fiat money: RUB, UAH, EUR, GBP, etc.
  • Trading volume in 24 hours: $ 16,630,381,391
  • Demo: available on futures

2. Exchange Currency.com

The Currency.com exchange is focused not only on cryptocurrency, but also on several thousand different toned assets, which allows access to indices, stocks, bonds, and commodities through it. The platform is focused on the CIS countries and is regulated by Belarusian legislation.

Trading Ethereum to Fiat money on Cryptocurrency Exchange Currency.com
  • Website: currency.com
  • Types of trading: spot, margin
  • Country of registration: Belarus
  • Year of creation: 2019
  • Trading commission: 0.2%
  • Fiat money: RUB, BYN, EUR, USD, GBP
  • Trading volume in 24 hours: $ 119,996,191
  • Demo: yes

3. Bybit Exchange

Bybit exchange specializes in perpetual cryptocurrency derivatives. It is one of the fastest growing sites among its peers. Bybit offers its own system of market depth, each trade is executed with minimal price impact. The dual-price mechanism protects against unnecessary liquidation of positions. Cryptocurrency for trading can be bought from a bank card.

Ethereum trading on the Bybit crypto exchange
  • Website: bybit.com
  • Trade types: futures
  • Country of registration: British Virgin Islands
  • Creation year: 2018
  • Trading commission: from -0.25% (maker), from 0.075% (taker)
  • Fiat money: USD
  • Trading volume in 24 hours: $ 8,190,295,329
  • Demo: available on futures

4. EXMO exchange

The EXMO exchange allows you to work with most popular cryptocurrencies, as well as 7 fiat money assets. Since 2020, it has introduced mandatory verification even for working with cryptocurrencies, regardless of volumes. One of the most popular tools is the EXMO Gift Card for transferring any assets without a commission between accounts.

buying and selling ETH on the EXMO exchange
  • Site: exmo.me
  • Types of trading: spot
  • Country of registration: United Kingdom
  • Creation year: 2013
  • Trading commission: up to 0.4%
  • Fiat money: USD, RUB, EUR, PLN, UAH, KZT, GBP
  • Trading volume in 24 hours: $ 74,860,780
  • Demo: no

5. StormGain Exchange

StormGain is a multifunctional trading platform that allows you to trade, including cryptocurrency contracts, supports the deposit and withdrawal of assets in fiat money. The exchange allows you to use leverage up to 1: 150 in trading, there is a demo account, deposit bonuses and interest income.

StormGain exchange for trading Ethereum (ETH) cryptocurrency
  • Website: https://stormgain.com
  • Types of trading: spot, futures, margin
  • Country of registration: Seychelles
  • Year of creation: 2019
  • Trading commission: up to 0.15% (dynamic)
  • Fiat money: EUR, USD
  • Trading volume in 24 hours: $ 30,852,028
  • Demo: yes

6. Huobi Exchange

Huobi is one of the oldest working cryptocurrency trading platforms. Allows you to work without verification. Additionally, it supports functionality for trading futures, a wallet, interest accounts, and its own token. The exchange is distinguished by the support of a large number of cryptocurrencies and stablecoins – there are over 300 of them.

Ethereum on Huobi
  • Website: https://huobi.co
  • Types of trading: spot, futures, margin
  • Country of registration: Singapore
  • Creation year: 2013
  • Trading commission: 0.2%
  • Fiat money: EUR, RUB, CNY, etc.
  • Trading volume in 24 hours: $ 5,753,486,140
  • Demo: no

7. Cex.io Exchange

Initially, the Cex.io service provided services for cloud mining of cryptocurrencies, but then retrained into a crypto exchange. The site has the appropriate certificates that allow you to work directly with banks. Since 2018, it requires mandatory verification for all users. The trading commission is dynamic, that is, it depends on the market.

Ethereum on Cex.io
  • Website: cex.io
  • Types of trading: spot, margin
  • Country of registration: United Kingdom
  • Creation year: 2013
  • Trading commission: up to 0.25%
  • Fiat money: EUR, RUB, GBP, USD.
  • Trading volume in 24 hours: $ 24,509,073
  • Demo: no

8. Payeer Exchange

The trading platform was launched by the Payeer payment system. Doesn’t require a separate account, works directly as a wallet section and supports the same assets as the main account. At the moment, only limit orders are available for creation; in the future, it is planned to add other types.

Ethereum on the Payeer exchange
  • Website: https://payeer.com
  • Types of trading: spot
  • Country of registration: Estonia, Vanuatu
  • Year of creation: 2019
  • Trading commission: 0.095%
  • Fiat money: EUR, RUB, USD
  • Demo: no

9. OKEx

OKEx is ranked among the most popular trading platforms due to its low fees and support of many popular highly liquid assets. In addition, for the convenience of users, the exchange offers a variety of mechanisms for active and passive earnings with varying degrees of profitability.

Ethereum on OKEx
  • Website: okex.com
  • Types of trading: spot, futures, p2p
  • Country of registration: Malaysia
  • Creation year: 2013
  • Trading commission: from -0.010% to 0.1%
  • Fiat: any world currencies
  • Demo: yes

10. FTX

A platform for trading cryptocurrencies by spot and in the format of derivative contracts. Supports over 250 coins for trading, while offering loyal commissions and a user-friendly functional interface. Since its launch, the platform has quickly gained popularity and has already developed quite a lot.

FTX platform with Ethereum
  • Site: ftx.com
  • Types of trading: spot, futures
  • Country of registration: Antigua and Barbuda
  • Creation year: 2019
  • Trading commission: from 0% to 0.07%
  • Fiat: most of the world’s currencies
  • Demo: no

Decentralized Exchanges (DEX)

These platforms do not store user funds or manage operations. All payments are made between wallets of connected users.

9. Uniswap v2 Exchange

An open source exchange where the market is formed using AMM (Automated Market Maker). Users contribute assets to a particular liquidity pool and are rewarded for this when other users trade in that pool.

exchange Ethereum on Dex exchange Uniswap
  • Website: uniswap.org
  • Launch year: 2020 (first version in 2018)
  • Blockchain: Ethereum
  • Own token: UNI
  • Blocked on Minutes: $ 3.34 billion
  • Trading commission: 0.3%

10. Venus Exchange

Decentralized system of lending and money markets. The difference from other AMMs lies in the ability to use collateral not only for borrowing assets, but also for minting over-collateralized synthetic stablecoins that secure the protocol. These synthetic stablecoins are backed not by fiat currencies, but by cryptocurrencies.

DEX exchange Venus for Ethereum trading
  • Website: https://venus.io/
  • Launch year: 2020
  • Blockchain: Binance Smart Chain
  • Own token: XVS
  • Blocked on Minutes: $ 35 million
  • Trading Commission: –

11. Sushiswap Exchange

The protocol appeared as a fork of Uniswap and differs mainly in the method of liquidity distribution. Here, participants are rewarded for the supply of liquidity even after the assets have been withdrawn. The rest of the algorithm is similar.

exchange Ethereum on the Sushiswap exchange
  • Website: www.sushiswap.fi
  • Launch year: 2020
  • Blockchain: Ethereum
  • Own token: SUSHI
  • Blocked on Minutes: $ 2.67 billion
  • Trading commission: 0.3%

12. Exchange 1inch

Aggregator of liquidity from various decentralized exchanges. Allows you to automatically trade on the best conditions. The protocol automatically distributes the transaction in order to optimize it.

selling or buying Ethereum (ETH) on the DEX exchange 1inch
  • Website: https://1inch.exchange/
  • Launch year: 2019
  • Blockchain: Ethereum
  • Own token: 1INCH
  • Blocked on Minutes: $ 15 billion
  • Trading commission: depends on the network commission

13. PancakeSwap Exchange

The project also uses an automated market maker (AMM) model in which users trade within a pool of liquidity. PancakeSwap allows users to farm additional tokens – CAKE and SYRUP. The latter will have further functionality as management tokens (and lottery tickets).

trading Ethereum on the PancakeSwap exchange
  • Website: https://exchange.pancakeswap.finance
  • Launch year: 2020
  • Blockchain: Binance Smart Chain
  • Own token: CAKE
  • Blocked in Minutes: $ 500 million
  • Trading commission: depends on the network commission

p2p exchanges for Ethereum trading

With the help of p2p platforms, you can exchange ETH for fiat money in a convenient way, or vice versa, buy assets from a card and electronic wallets. Operations take place without intermediaries.

14. p2p exchange Cryptolocator

Cryptolocator is a convenient Russian-language platform where you can trade without verification. There is an official European license. You can also work with the site through a Telegram bot or through a mobile application.

ETH on p2p exchange Cryptolocator
  • Website: https://cryptolocator.com
  • Established: 2017
  • Country of registration: Estonia
  • Fiat currencies: almost all world currencies
  • Trade commissions: 1% from the creator of the ad

15. p2p exchange Bitzlato

Initially, Bitzlato was just a Telegram bot for exchanging currencies, but then the creators launched a trading platform as well. Also provides payment gateway and wallet services. The service creators are Russian developers.

Ethereum trading on p2p exchange Bitzlato
  • Website: https://bitzlato.bz
  • Established: 2016
  • Country of registration: Hong Kong
  • Fiat currencies: almost all world currencies
  • Trade Commissions: 0.5% per ad creator

16. p2p exchange Localcryptos

Localcryptos was previously called LocalEthereum and only supported this cryptocurrency. It was renamed after adding three more currencies (Bitcoin, Litecoin, Dash). More coins are planned to be added.

ETH on Localcryptos peer-to-peer exchange
  • Website: https://localcryptos.com
  • Established: 2017 (rebranding in 2019)
  • Country of registration: Australia
  • Fiat currencies: almost all world currencies
  • Commissions on transactions: 0.25% from the creator of the ad, 0.75% from the responder

How to buy or sell Ethereum on the exchange

For centralized platforms:

  1. Register and go through verification, if the site requires it.
  2. Fund your account with the asset you are going to trade.
  3. Go to the trading terminal, select the required trading pair.
  4. Create a trade order. It can be limit or market, depending on whether you want to set your own price or sell at market price. There are other more professional order types.
  5. Click “Buy” or “Sell” in the order creation section. If the order is a limit order, then until the moment of execution it will be placed with the others in the order book.

For decentralized platforms:

  1. You need to connect through a DeFi wallet like Metamask. No registration or verification is required.
  2. Make sure that the wallet is funded with the necessary assets that will be used for trading.
  3. Select the required trading pair and make an instant exchange.

The funds will be debited from the wallet (you will need to confirm the transaction), and the return transfer will also go directly to the wallet.

How to choose a reliable exchange for trading

There are several signs by which you can choose a really reliable exchange with Ethereum and not lose your money. First of all, you should pay attention to the tops of crypto exchanges compiled by the monitoring of CoinGecko or Coinmarketcap. If you prefer to do your own analysis, there is a little more to learn about each of the options.

Popularity (a large number of users) and a good reputation are the main features of a good exchange. This speaks of trust in the platform. It’s good if the exchange does not hide information about the development team. You should also look for information on break-ins and other incidents related to the project.

The most reliable platforms are those that are licensed from financial regulators, as well as those that famous people in the cryptosphere have had a hand in creating. The company’s blog should be constantly updated, which speaks of the active life of the project.

Other important factors are the quality and efficiency of technical support, as well as a simple, clear interface, support for the interface language you need. All this will affect the comfort of working with the exchange.

Where, besides exchanges, you can exchange Ethereum

Ethereum can also be bought and sold using:

Crypto ATM Map with Ethereum

The purchased assets can be credited directly to the cryptocurrency exchange in order to trade, or, on the contrary, withdrawn from it to the wallet.

Conclusion

There are many more exchanges with Ethereum besides the listed ones, but we have named the most popular and functional ones. You will be able to independently analyze trading platforms using expert advice, paying careful attention to reputation, trading volume, as well as commissions, available input / output methods, etc. If anonymity is important to you, then choose exchanges without verification or those where it is not required.

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