Ethereum is second in line after BTC to have taken the crypto world by surprise with its bull tendency. Soaring over $4800 in late 2021 before a correction in 2022, its volatility and high liquidity make it a sought-after coin both for novice and experienced traders.
It’s also been in a two year uptrend against Bitcoin, on the ETH / BTC trading pair. Unlike Bitcoin and Ripple, it serves many functions such as hosting blockchain applications, working in the field of DeFi, and more.
To trade ETH in the UK, crypto investors should sign up to an exchange that enables short-term trading. We are here to help you in that regard by listing the best Ethereum trading platforms in the UK based on our extensive research and reviews.
In this guide we review the best ETH trading platforms in 2024, their features, regulation and fees.
Best Places to Trade Ethereum in May 2024
Bitcoin
6 Providers that match your filters
Payment methods
Features
Usability
Support
Rates
Security
Selection of Coins
Classification
Rating
- Most regulated
- Free demo account available
- Copytrade winning investors
Don’t invest unless you’re prepared to lose all the money you invest.
Rating
- Maker rebate on limit orders
- DeFi mining
- Margin and spot trading
The price and value of any investment in digital asset products can fluctuate.
Rating
- Most altcoins supported
- 75+ staking coins
- Low maker / taker fees
As with any asset, the values of digital currencies may fluctuate significantly.
Rating
- Low marketcap altcoins
- 500 USDT Welcome Gift
- Spot and margin trading
The traded price of digital tokens can fluctuate greatly within a short period of time.
Rating
- Most registered users
- Free $10 when you buy $100
- Coinbase Earn - Free Crypto
The value of digital currencies can go up or down frequently.
Rating
- Solana staking
- Around since 2012
- High Liquidity
Market prices for digital tokens can be volatile and highly unpredictable.
Ethereum Trading Platforms in the UK – Top 5 List
Here are the top 5 Ethereum Trading Platforms in the UK we have listed based on factors such as regulation, copy trading, variety of assets, commission fees, etc.-
- eToro – Best for copy trading others, and has solid regulation.
- Bybit – Best for day trading
- Binance – Best for a variety of Altcoins
- Kucoin – Best for small marketcap Altcoins
- Coinbase Pro – Best for trading against USD, GBP, EUR
Reviews of the Best ETH Trading Platforms
eToro
eToro is our top pick when it comes to Ethereum trading platforms in the UK. Regulated by the Financial Conduct Authority (FCA), the ASIC (Australia), and CySEC (Cyprus), it is one of the most user-friendly platforms.
Also, since three institutions regulate this platform, it is the safest option for UK traders.
You can buy/ sell or trade Ethereum by using the remarkable tools and unmatched security features offered by this broker. eToro is also chosen by traders for offering low trading fees.
It has a 0% commission for trading all the 50+ cryptocurrencies in addition to stocks, ETFs, commodities, and currencies. The debit card deposit charge is only 0.5% at eToro as compared to the average 3-5% charged by various other platforms. It charges $5 per withdrawal.
eToro Platform
The minimum deposit and thus the minimum stake on eToro is $50. It enables deposits through Paypal, Neteller, Skrill, and bank transfers.
It is an outstanding platform for beginners looking to enter the crypto market by trading Ethereum. The platform can be browsed on a desktop or through its iOS/ Android app.
eToro is a sought-after choice also for its social trading platform, Copy Trading, and CryptoPortfolio tools. The social trading platform enables users to connect to a community of traders and take ideas from expert traders in the market.
While copy trading allows you to copy the moves of experienced traders with a minimum $500 investment, the CryptoPortfolio tool offers a diversified digital currencies’ portfolio with a minimum $1,000 investment.
You can read our price prediction of Ethereum and decide your investment strategy. If you prefer to just hold rather than trade Ethereum, you can earn staking rewards on eToro for doing so as it supports Ethereum staking.
- Highly regulated
- Has cryptocurrencies, stocks, indices, ETFs, and more
- Easy deposits with debit cards, e-wallets, bank account
- Social trading platform
- Copy-trading and CryptoPortfolio
- 24/5 customer support via live chat/ call/ email
- Does not offer complex technical indicators for TA
- No CFD trading in the UK on crypto assets
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Binance
Binance is the go-to option for those who wish to day buy Ethereum. It offers unmatched tools and indicators, helping day traders to leverage these while trading Ethereum.
With the highest daily trading volumes and liquidity, it offers hundreds of trading pairs such as BTC/ ETH, XRP/ ETH, ETH/ USDT, etc. Binance is known for offering an extensive range of Altcoins as well.
Binance charges a commission of 0.10% per slide. Users do not need to provide personal information if they make deposits using another cryptocurrency. KYC is mandatory when you deposit funds using bank transfers or debit cards.
This ensures the safety of your account. Deposits with debit cards have 3% charges on this platform as compared to a 0.5% charge by eToro. However, using a UK bank account for deposits is free.
Binance Platform
Binance is also known in the industry for providing a commendable level of security when it comes to the safety of crypto funds. The security process includes two-factor authentication, email notifications, address whitelisting, and more.
Despite being an unregulated platform, it does not compromise with its security measures. The platforms can be accessed on a desktop or through its iOS/ Android supported trading app or mobile wallet.
Binance is opted by many traders for the advanced cryptocurrency instruments it offers which include futures, options, and swaps.
The trading views in Binance include classic, margin, and OTC views. Binance does not offer maker rebates in futures trading whereas Bybit offers that.
You get a discount on Binance when you convert fiat currency to BNB (its custom cryptocurrency). It has a 24/7 customer support system, which can be availed by raising tickets through the platform and offers professional as well as retail investor accounts.
- A huge number of Altcoins
- A huge number of pairs supported
- Customizable indicators within advanced charting tools
- 0.10% commission
- Discount for using BNB
- Appropriate security measures
- Charges up to 3.5% on debit card
- Customer support via tickets
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Bybit
Bybit is another popular exchange for Ethereum Trading in the UK. It has incredible trading and analysis features. It provides a crypto derivatives exchange with up to 100x leverage.
The Dual Price Mechanism in this platform protects traders from trade/ price manipulation, preventing undue losses. You can simultaneously set stop-loss and derive profit with a limit order.
You can trade quarterly futures contracts on this platform as well. This feature enables you to set contracts’ expiry on a calendar cycle, thus converging to the spot price.
It comes with an in-built Tradingview, offering a wide range of indicators to make profitable trades. It does not charge any funding fees. It is known to offer a 0.025% maker rebate for limit orders in futures trading.
Bybit platform
With the leverage option on this platform, you can trade a higher value even if you do not actually possess that amount. When you trade Ethereum with “leveraging”, the exchange lends you the funds.
Offering up to 100x leverage is a unique feature of this platform. Leveraging your trade with 100x helps you earn huge profits when the price goes up. It also means that you lose your entire original amount even when there is a small price dip.
The withdrawal charge of this platform is 0.005 per ETH.
Bybit does not directly handle fiat deposits. You can make deposits directly using other crypto assets to trade Ethereum on the platform. It has a 0.075% taker charge per order for trading contracts. It has a 0.10% charge for spot trading and has no maker charges.
The platform can be accessed on a desktop or on IOS and Android mobile phones.
- Spot and contracts trading
- No KYC needed
- Up to 100x leverage
- Maker rebate for trading contracts
- Available as a mobile app
- Multiple order types supported
- Reduced risk of liquidations
- Withdrawal Fees
- Unregulated
- A limited number of trading pairs
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
KuCoin
KuCoin is another platform that can be used to effortlessly trade Ethereum in the UK. It has around 200 cryptocurrencies on the platform, giving a wide range of options to users.
A relatively new crypto exchange, it is becoming popular among active traders. The platform can be accessed on a desktop or the KuCoin app on Android/ iOS mobile phones.
You can engage in futures and margin trading with up to 100x leverage. The platform offers high liquidity as well. The wide number of assets and services that it offers has benefited traders looking for a variety of options to diversify their investments with.
Trading Ethereum on this platform comes with many advantages including the fact that it offers more than 300 different trading pairs.
KuCoin Platform
You can buy Ethereum on this platform with P2P fiat trade, debit cards via Simplex, PayMIR, Banxa, etc. Apart from Ethereum, this is an ideal platform for trading small market cap coins that other platforms do not offer.
In addition to offering bonuses/ discounts, it charges a 0.1% fee per trade. For futures trading, the charges are low.
KuCoin has been highly regarded for being a secured platform. It facilitates micro-withdrawal wallets and multifactor authentication. It boasts industry-level multilayer encryption and deploys internal risk control departments for stringent standards of safety.
This platform does not charge any deposit fee. The blockchain transaction fee varies from one cryptocurrency to another. Similarly, the charges for withdrawals also vary depending on cryptocurrencies.
Its customer support system works 24/ 7 via website, email, and ticket system. It has seen a humongous increase in its user base in a relatively short span of time.
- Around 200 cryptocurrencies
- Low trading fees
- 100x leverage
- User-friendly interface
- Low withdrawal fees
- 24/ 7 customer support
- No fiat trading pairs
- No bank deposits
- Might be challenging for new investors
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Coinbase Pro
Coinbase Pro is another pick among the 5 top UK Ethereum Trading Platforms. It is an excellent platform if you are looking to trade against fiat currency. It has over 130 assets on its platform.
This platform is appropriate for advanced order types and boasts industry-standard security. It has real-time charting tools to facilitate technical analysis.
The access to trade history, order book, price charts, etc. is smoothly facilitated. You can put stop orders, limit orders, and margin orders on this platform. Coinbase Pro offers limited technical indicators.
It has a lower fee for high-volume trades. It has a fee both for trading and certain payment methods. In comparison to Coinbase, the trading fees are lower.
Coinbase Platform
The maker and taker fees are higher in comparison to other platforms. It supports fewer cryptocurrencies than platforms like Binance. According to the reviews of experienced traders, this platform may not be convenient for beginners.
In terms of safety and security, it has cold storage and FDIC insurance. With biometric fingerprint logins, two-step verification, and AES-256 encryption for digital wallets, it is among the safest options available for trading Ethereum in the UK. The platform can be accessed on a desktop or an iOS/ Android mobile app.
There is a high volume of users on Coinbase Pro and users sometimes face inconvenience while seeking customer support.
With complex features, it makes for a befitting platform for traders who are already indulged in the crypto market. The platform has two indicators and overlays for charts.
- Over 130 assets
- User-friendly interface
- Stringent security measures
- Ideal for active traders
- Lower fees for higher volume trading
- Complex trading features
- A high volume of users
- Customer support may take time
- Not suitable for beginners
- Slightly high fees
- Limited indicators/ chart overlays
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
How we ranked the Best UK Ethereum Trading Platforms
To rank the best UK Ethereum Trading Platforms, we carried out perpetual research and considered substantial reviews for the same.
Below are some important yardsticks we charted out before we gave the platforms a go-ahead:
Trading Tools and Features
Trading tools and features are significant to have a smooth trading experience.
To trade Ethereum profitably, tools like Copy Trading and Copy Portfolios are vital. eToro is a unique platform that offers these tools.
- With Copy Trading, you can copy the moves of experienced and influential traders. In this case, following a trader who has gained from the crypto market substantially would be a great idea.
- You can use the feature of CopyPortfolios with an additional amount of investment.
- Other tools include stop-loss orders and take-profit orders, which help you to minimize your losses and regulate your profits. The feature of Market Research is also important if you are looking to invest in Ethereum by expecting to earn profits.
- Chart reading tools also make trading easier for users. Some platforms offer a demo account feature, which is a helpful tool to rehearse your trading skills before you invest real money. For instance, eToro offers a demo account with a preloaded paper trading balance of $100k.
Regulation & Safety
Many exchanges that facilitate Ethereum trading are not regulated. Regulation prevents users from incurring losses due to an exchange’s inefficiencies. You also get the best rate for fiat to digital currency conversion if the broker is regulated.
For instance, eToro, which is among the top Ethereum Trading Platforms in the UK is regulated by the FCA, the ASIC (Australia), and CySEC (Cyprus). Such platforms guarantee the maximum safety of funds.
Also, with a structured KYC process, they have the reputation of being extremely reliable. One should never compromise on regulation when it is about selecting a platform for trading Ethereum.
Fees & Commissions
Fees and commissions are important as these vary according to the exchanges. Deposit fees and commissions also differ according to exchanges.
For instance, Ethereum exchanges like eToro do not charge any commission on buying/ selling ETFs whereas Binance charges 0.10% commission when you buy as well as sell a trade.
As far as spreads are concerned, many platforms’ average can go way higher than eToro, which averages at 0.75%.
Sometimes, you pay fees upon adding/ removing liquidity to the broker’s order book, which is calculated based on your monthly trade volume. Patient research of these factors has enabled us to compile a reliable list of brokers for users.
Compare UK Ethereum Exchanges
etoro
Visit SiteDon’t invest in crypto assets unless you’re prepared to lose all the money you invest....
Binance
Visit SiteAs with any asset, the values of digital currencies may fluctuate significantly....
KuCoin
Visit SiteThe traded price of digital tokens can fluctuate greatly within a short period of time....
Deposit Methods
When people started investing in cryptocurrencies, a lot of brokers could not offer uninterrupted deposit/ withdrawal experiences.
However, depositing your funds now has been simplified by top Ethereum exchanges in the UK. Converting your GBP to Etehreum is not a difficult task anymore.
While some platforms only support other cryptocurrencies to trade Ethereum, platforms like eToro & Binance enable fiat currency deposits. Some of the popular deposit methods include-
- SEPA
- Debit Cards
- Bank transfer
- Faster Payments
- Wire transfers (with additional fees)
- PayPal
- Skrill
- Neteller.
Variety of Cryptocurrencies
We also looked for a variety of cryptocurrencies as a parameter while selecting the preferred exchanges. Most UK Trading platforms support Ethereum (ETH). However, the variety offered in terms of other Altcoins differs.
Investors are looking for both popular and not-so-popular coins to experiment with their trading. With the crypto market booming at an unimaginable pace, platforms are including more and more coins in their bucket to attract investors.
Overall User Experience
One cannot ignore the aspect of user experience. In fact, we think this is an influential aspect for us while selecting the Best Trading Platforms for Ethereum in the UK.
When a platform allows users to quickly navigate and make trades, they will definitely bring more investors on board. Working with different trading tools and easier deposit/ withdrawal methods also matter to users.
One must note that many platforms are specially designed for new investors looking to enter the market and many others are created for experienced traders only.
However, there are some platforms that offer the perfect balance between the two. Having a flawless mobile app version of the platform is a great indicator of the exchange being user-friendly.
Lastly, one important aspect we have not compromised with is customer service. In fact, platforms like eToro offer incredible customer support with 24/5 live chat, service on email and call.
How to trade Ethereum in the UK
Let’s get you started with opening an account with one of these platforms.
The following step-by-step guide will help you understand everything starting from opening an account, to depositing funds to buying/trading Ethereum:
Step 1: Open an Ethereum Trading Account
eToro is a top-rated platform that is regulated by Financial Conduct Authority (FCA) and it always remains at the top of our list of favorite platforms.
You can open an account with eToro by clicking here. After that you have to complete the below mentioned steps.
Ethereum price chart on eToro
You need to enter details like Your Name, Date of Birth, National Insurance Number, Address, and Contact Details (mobile and email).
- Select a username and a password.
- Enter the unique code sent to your mobile phone to verify user authenticity.
- Upload the following documents to verify your credentials:
- Your passport or driving license.
- Your bank account statement/ utility bill. This is needed to verify your home address.
- You may proceed without uploading documents if you deposit less than $2,250 (around £1,600).
- Uploading of documents is required for smooth withdrawals.
- For your investment, eToro will not charge any commission fee.
Step 2: Deposit Trading Funds
Upon creating an account successfully with eToro, deposit funds before you can start investing. The minimum deposit is $50. Following deposit methods are accepted by eToro-
- Bank Transfer
- Debit card
- Paypal
- Neteller
- Skrill
- International bank wire
Step 3: Search for “Ethereum” or “ETH”
- Download the eToro Wallet app from Google Play/ Apple App Store
- As you log in, this wallet will be connected automatically with your eToro account.
- Type Ethereum/ ETH in the search box.
- Make sure that you study the price trends and carefully analyze where it stands currently. Observe the value patterns across days/ weeks/ months/ years.
- Given the volatile nature of the crypto market, Ethereum price fluctuates frequently. Investing in Ethereum demands observing the crypto market with consistency.
Step 4: Place Ethereum Trade
- When the menu appears as you search for ETH, click on “Trade”.
- Decide the ETH quantity you wish to buy and select it to confirm your order.
- Enter a take-profit or stop-loss level if you wish
- Before moving ahead with the purchase, verify that the amount required to make the purchase is available in your wallet to avoid any hassle.
- When you’re ready, click ‘Open Trade’ to buy Ethereum.
- After buying, you can also stake Ethereum. You can also read our article on staking.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Conclusion
Investors looking to trade Ethereum should consider registering with different trading platforms/exchanges. This allows you to enjoy a wide array of features offered by various platforms for a seamless trading experience.
We have helped you understand the pros and cons of each platform so that you can make a wise decision. Platforms like Binance, Bybit, and KuCoin are more suitable for trading Ethereum for experienced traders as they have highly technical features and indicators.
These features are not easily interpretable by new traders. On the other hand, eToro and Coinbase Pro will enable you to buy Ethereum and sell to fiat currency without any hassle.
You can benefit from leverage trading on Binance, Bybit, and KuCoin whereas eToro and Coinbase Pro do not have that option. If you want to save yourself from the time and effort from extensive research, then eToro is your go-to exchange for Ethereum.
Trading with eToro.com is simple and hassle-free and suited to new investors. This FCA-regulated platform will offer a smooth Ethereum trading experience to you without a doubt.
eToro: Our Recommended UK Cryptocurrency Platform
- ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
- Buy with Bank transfer, Debit card, Sofort
- Free Demo Account, Social Trading Community
- Free Secure Wallet - Unlosable Private Key
- Staking Rewards for holding ETH, ADA or TRX
- Copytrade Winning Crypto Traders
FAQs
Is Ethereum trading safe?
Every cryptocurrency trade comes with its share of risks. But with careful price analysis and thoughtful decisions, it can be very lucrative as well. Ethereum is also being used as a building block by Companies, which has the potential of making it an attractive investment. The current bullish trend in its price movement makes it a favorable choice.
Is it better to trade with bitcoin or Ethereum?
Both cryptos are currently at the top and witnessing bullish trends. Nevertheless, Bitcoin is generally more stable in comparison to Ethereum. Hence, it comes with higher risks comparatively. However, both cryptocurrencies are considered equally important by investors as well as crypto experts.
How much do you need to trade Ethereum?
To start with, all you need is to deposit the minimum amount required by your exchange. This will vary in accordance with the platform you choose. The minimum deposit required on eToro is just $50.
How do you make money trading Ethereum?
You can make money by going for day trading or holding it longer and waiting for a significant increase in value. Day trades are for quicker and smaller profits. If you want to hold your Ethereum coins for longer, you ought to be patient. Sometimes, it might mean that you have to hold them for months. Indulge in thorough and continuous market research for the best returns. You can also buy Ethereum on one platform and sell it on another at an increased price.
What is the best trading platform for Ethereum?
eToro is undoubtedly the best platform to trade Ethereum, especially for the new traders. It is safe, secure, and provides a seamless interface to its users. Other good platforms include Binance, ByBit, CoinBase Pro, and Kucoin. Binance is great for people looking for complex technical features for price analysis.
Can you make money by day trading Ethereum?
Yes. While many underestimate day trading with Ethereum, it is a potential asset for active traders. As you may know that a day trade takes place within a day and day trading ETH can give you smaller but regular profits. Ethereum is an unpredictable asset and to leverage day trading, you will have to be quick to take actions with trading news, price prediction patterns, and technical analyses.
Does Ethereum trade 24 hours a day?
Yes, Ethereum trading is allowed 24 hours a day and 365 days a year.
When is the best time to trade Ethereum?
As you can trade Ethereum 24 hours a day, it is difficult to chart out the most suitable time. Experts suggest following the trade patterns for a few days if you are a newbie. Study the price movements and figure out the time when you see a lower price for ETH. A continuous study of the market and the specific crypto is essential to have a profitable trade. Many also suggest that instead of looking for the best time, simply sell off your holdings when you see a substantial price rise. Expecting to earn huge profits overnight might be disappointing for you.
How to trade Ethereum without fees?
Look for platforms that do not charge a commission fee on trading. Hence, eToro is the best because it does not charge any commission on Ethereum trading.
