Ethereum Trading Platform UK – Compare Top Ethereum Trading Platforms in the UK
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
If you are looking to access the cryptocurrency markets, you will need to ensure you choose a trustworthy trading platform. The best in the industry will offer tons of digital currencies to trade, inclusive of Ethereum – and fees will be competitive and transparent.
Today, we are going to save you some time and divulge the best Ethereum trading platforms in the UK. Each offers the above key metrics – as well as a range of diverse deposit methods to make funding your account fast and convenient.
Table of Contents
#1 Broker to Trade Ethereum – eToro
Best Ethereum Trading Platform UK – List of Top Ethereum Trading Platforms UK
In a hurry? Below, you will see a quick list of the best Ethereum trading platforms in the UK right now.
- eToro – Overall Best Ethereum Trading Platform UK
- Coinbase – Best Ethereum Trading Platform UK for Beginners
- OKEx – Best Ethereum Trading Platform UK for Crypto Deposits
- Binance – Best Ethereum Trading Platform UK for Experienced Traders
We offer a review of the above Ethereum trading platforms next, for you to consider facilitating your journey into the cryptocurrency scene.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Best Ethereum Trading Platforms in the UK – Full Reviews
We briefly touched on what makes a good Ethereum trading platform in the section above. However, there are hundreds of online brokers offering access to crypto assets, so it can be hard to know which one to choose. Before you begin your endeavors, you will find below full reviews of the best Ethereum trading platforms in the UK.
It doesn’t stop there – it’s super important that you conduct some thorough research yourself. As such, we’ve also included a list of key criteria on how to find the best Ethereum trading platform UK.
1. eToro – Overall Best Ethereum Trading Platform UK
The platform at eToro is super easy to navigate for people of all skill sets. To open an account, you will need to complete a KYC process. We offer a sign-up walkthrough for any beginners later. However, in a nutshell, this will see you providing proof of ID and address by uploading some documents. The procedure takes minutes at eToro thanks to the broker’s use of auto validation technology. There are plenty of other options in terms of digital currencies. This includes, but is not limited to, Bitcoin, Dash, NEO, Ripple, and Cardano. This guide found over 20 others to trade.
At this top-rated Ethereum trading platform, you will also find other assets listed. This is inclusive of forex, commodities, indices, ETFs, and shares. The latter offers 0% commission when investing and zero stamp duty tax. Have you ever thought about trading Ethereum without needing to predict the markets? eToro facilitates passive trading by offering a feature called Copy Trading. Select a successful investor based on the various data available on that trader and you will copy them like-for-like without having to do a thing.
Adding funds to trade is easy at eToro – not least because the broker supports debit and credit cards such as Visa and Mastercard. You may also opt for e-wallets like Skrill and PayPal. If you prefer a UK bank transfer, this is an option but may take longer to reach your account. The minimum amount required is $200, which is around £145. This broker operates in US dollars but accepts heaps of different currencies. There is no need to convert your British pounds though, as the platform will do that for you. You will be charged a small fee of 0.5% when making a deposit. This works out at just £5 for every £1,000 deposited – which is competitive in the Ethereum trading scene.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of UK and international stocks at 0% commission
- Minimum investment per trade from just $50
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Ethereum Trading Platform UK for Beginners
For anyone looking to trade a diverse range of digital assets – other cryptocurrencies include Bitcoin, Ripple, Tether, Dogecoin, Stellar, and many more. In terms of trading fees, this will depend on your chosen deposit method. For instance, you can buy or sell Ethereum using a Mastercard or Visa debit card after uploading some identification. However, it’s important to note that you will be liable for a 3.99% commission when funding your Coinbase account in this way.
You can also add funds to your Coinbase account using a UK bank transfer with no charge. However, note that there is a fee amounting to 1.49% on all standard trading orders. If you want to buy, sell and manage your portfolio on the go, you might find the Coinbase app useful. It is free to download on the App or Google Play store and offers the same solid selection of cryptocurrencies. Its simple interface is suitable for beginners and experienced traders alike.
Pros
- One of the most popular cryptocurrency exchanges
- More than 56 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
3. OKEx – Best Ethereum Trading Platform UK for Crypto Deposits
This guide found OKEx to be one of the best Ethereum trading platforms in the UK, largely down to its low trading fees and a wide range of digital assets. In fact, you can trade over 400 different pairs here, inclusive of both crypto and fiat currencies. The commission charged to buy and sell ETH coins against other digital tokens is very competitive – at just 0.10% per slide.
To put this into perspective, if you enter a position with £100 – you will pay just 10p in fees. You can trade Ethereum against alternative cryptocurrencies such as Tether here (pegged to US dollars). There is also a long list of other digital coins – such as Bitcoin, Cardano, Ripple, Polkadot, Uniswap, and many more. The fee structure at OKEx rewards larger positions – so the more you buy and sell, the lower the commissions will be.
If you purchase the broker’s own tokens (OKB) – it will further reduce commission fees. Remember that to make a fiat deposit, you will first need to upload some ID for verification. You can then add funds to your account with a UK credit or debit card. Alternatively, you can download the app for free at the relevant store for Android or iPhone. You will also find a wide range of trading indicators and price charts for performing technical analysis. OKEx is also great for educational tools, with a wide range of free learning materials and guides.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products too complex for beginners
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
4. Binance – Best Ethereum Platform UK for Experienced Traders
Binance is one of the best Ethereum trading platforms in the UK for various reasons which we talk about in this review. First, seasoned traders will find the plethora of advanced technical analysis tools useful for predicting market sentiment. This is inclusive of TradingView integration, order books, and plenty of indicators. You can also customize your trading screen to the ‘T’ – which is ideal for seasoned market analysts.
This platform supports 150+ digital currencies – which includes many instruments that Ethereum can be traded against. Notable fiat options include British pounds, Australian dollars, Turkish lira, euros, and more. Cryptocurrencies consist of Bitcoin, Cardano, Ripple, DeFi, Bitcoin Cash, and others. Commission fees are competitive with 0.10% charged on each transaction. As is the case with the aforementioned OKEx – this is reduced for large traders.
You can fund your account with credit or debit cards, which covers Visa and Mastercard. Again, in order to do this, you must first complete the KYC process so that the broker knows who you are. Note that you will be charged 1.8% to use this payment type. The Binance app is available for mobile or desktop and provides you with a trading solution in the palm of your hand. You can buy, sell, deposit – and opt to increase the security of your account by downloading the Binance authenticator.
Pro
- Facilitates billions of dollars in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
How to Find the Best Ethereum Trading Platforms in the UK
The internet is overloaded with crypto brokers, with most listing ETH coins and many claiming to be the best Ethereum trading platform in the UK. To find a good one; you need a strong list of criteria to evaluate whether the provider is worth your consideration.
You will see the most important factors listed below when searching for the best Ethereum trading platform UK for your financial goals.
Ethereum Markets
The best Ethereum trading platforms in the UK will list multiple markets to trade ETH coins. For those unaware, cryptocurrencies are often traded in pairs and there are two categories.
- Crypto-cross (crypto-crypto): If you trade Ethereum against an alternative cryptocurrency such as Litecoin (shown LTC/ETH) or Bitcoin Cash (displayed BCH/ ETH) – this is a crypto-cross pair.
- Fiat-crypto: Alternatively, you might trade Ethereum against a fiat currency such as US dollars (ETH/USD), euros (ETH/EUR), or even an exotic market like the South African rand (ETH/ZAR).
Newbies often find major fiat-crypto pairs such as ETH/USD less intimidating. They generate a higher trading volume, which means there may be less volatile price swings than that of emerging currencies or low-cap crypto-crosses.
Of course, on the contrary – many people aim to trade digital assets in the short term – so that they can capitalize on those fluctuations in value. Whatever Ethereum pair you wish to buy and sell – make sure the platform in question lists that, and plenty of alternatives.
Trading Tools and Features
Trading tools and features aren’t a priority for everyone, but the best Ethereum trading platforms in the UK will offer at least a few. This might include passive trading features like those mentioned in our eToro review – or tools to help you gauge market sentiment and profit from your well-thought-out decisions.
Below, you will see the most useful tools and features used to trade Ethereum in the UK.
Technical Analysis
Performing technical analysis is invaluable to short-term cryptocurrency traders. It gives give you a better chance of predicting what might be around the corner.
- This entails drawing patterns on price charts – often over more than one timeframe – and studying the historic price performance of Ethereum.
- You can then combine this with indicators that identify possible trends, volume, momentum, and more.
Technical analysis also offers you signals of when it might be profitable to enter or exit a trade. As such, the best Ethereum trading platforms in the UK will provide access to at least some analytical tools – to allow you to make informed decisions when buying and selling cryptocurrencies.
Social and Copy Trading
Today’s winner of the best Ethereum trading platform in the UK, eToro, offers social and copy trading features. This creates an environment comparable to social media. In other words, you can ‘follow’, ‘like’, and ‘comment’ on the posts of fellow traders and investors – allowing you to strategize and share investment ideas.
Additionally, we touched on the Copy Trading feature in our earlier eToro review. This enables you to hit the cryptocurrency markets without having to carry out the aforementioned technical analysis or time the markets. All assets the person who you decide to invest in buys and sells will also appear in your own trading portfolio.
See an example below:
- Let’s say you invest £1,000 in JoeCopyTrader
- JoeCopyTrader places a buy order on Ethereum using 5% of their equity
- Your portfolio shows you have £50 invested in ETH coins (5% of £1,000)
- Next, JoeCopyTrader places a buy order on Ripple with 10% of their trading balance (10% of £1,000)
- You now have £100 of your investment allocated to Ripple – without doing a thing
You can either copy all trades from the moment you invest – or you can elect to mirror the Copy Traders’ existing positions too. Importantly, you can copy up to 100 investors simultaneously if you wish – which is an option for passively growing your trading portfolio.
Order Types
Another important metric to check is which order types will be available to you, as no two brokers are exactly the same. The best Ethereum trading platforms in the UK will give you multiple options to enter and exit the markets. Most commonly, this should consist; market/limit and buy/sell orders.
For anyone unfamiliar with limit orders – they enable you to be specific about the price at which you enter the market.
For instance:
- Let’s say you believe the price of Ethereum is overvalued at $3,118 and will soon fall by 2%
- You could set your order to a $3,055 ($3,118 – 2%)
- The trading platform will not execute the trade until ETH falls to that value
The best Ethereum trading platforms in the UK will also allow you to cap your losses with a stop-loss order. Put simply, if you aren’t willing to lose more than 3% on a particular trade – you can pre-establish this exit point with the aforementioned order.
There is also a useful take-profit order which works in the opposite way. When placing both, the position will remain open until the value of ETH rises or falls by that precise amount.
Regulation
Regulation is important for many reasons – but mostly for the safety net it provides to traders. This is why the best Ethereum trading platform in the UK will be licensed. Make no mistake, there are a few unregulated crypto exchanges that are trustworthy and reputable – it’s just that they are few and far between.
- Without a watchdog imposing rules on the provider, you and your digital currencies are undoubtedly more at risk of financial crime.
- The UK’s Financial Conduct Authority (FCA) regulates top-rated Ethereum trading platform eToro – as well as CySEC of Cyprus, and ASIC of Australia.
You can also opt for eToro’s own bitcoin wallet if you are looking for extra storage, which is also regulated, only this time by the GFSC of Gibraltar. This offers a safe environment to buy, sell, and store ETH coins in an industry where, without a broker, you must stay ahead of the curve and secure your own assets from criminals.
Fees
It’s an inevitable truth that even the most popular trading platforms must charge fees to offer access to this speculative asset class. With that said, the best Ethereum trading platforms in the UK will keep costs down with low commissions and will also be competitive with what they do charge.
You will find below the most commonly charged fees by Ethereum trading platforms in the UK. This will give you an idea of what to look out for when weighing up your options.
Commissions
Commissions are otherwise called trading fees. This is what you pay the broker to enter and exit a position. As such, when you are searching for the best Ethereum trading platform in the UK, you will need to investigate what fee structure is in place.
To give you an indication of how this can differ between Ethereum trading platforms; Coinbase charges 1.49% per slide, whereas OKEx and Binance stipulate 0.10%. eToro, on the other hand, only charges a spread. You should also be mindful of deposit fees, which we talk about next.
Deposit Fees
Unless you already hold some cryptocurrencies, you probably will be charged a deposit fee to add funds to your account via a credit/debit card, bank transfer, or e-wallet (think along the lines of PayPal, Skrill, and Neteller).
- This guide on the best Ethereum trading platforms in the UK found that credit and debit cards could set you back more than other methods of payment.
- For instance, crypto brokers can charge as much as 5% to deposit this way.
- In contrast, eToro facilitates debit/credit card deposits and will only charge 0.5% to swap your GBP to USD
Please note that the more traditional option of bank transfer is accepted by most Ethereum trading platforms in the UK. With that said, this can take anywhere from 5 to 7 business days to land in your account.
Payments
Before you can trade cryptocurrencies, you will need to add some money to your broker account. It’s important that you make sure your chosen provider accepts fiat payment types – unless you already hold digital assets externally.
Some common payment methods used to buy Ethereum include:
- Credit and debit cards like Mastercard and Visa
- UK bank transfers
- e-wallets like Skrill and PayPal
The best Ethereum trading platforms in the UK will be compatible with a wide range of deposit methods so that you can fund your account with ease. eToro accepts all the above and as we said, you will only be charged 0.5% to exchange GBP to USD.
How to Get Started With the Best Ethereum Trading Platform in the UK
In case you are unfamiliar with the procedure of signing up with a broker – find below a four-step walkthrough detailing how to get started with the best Ethereum trading platform in the UK.
We are using eToro for this step-by-step guide. This is because the platform is regulated by the FCA, offers a range of Ethereum markets and deposit options, super low fees, and an easy-to-use website!
Step 1: Open an Ethereum Trading Account
Go to the official eToro platform and look for the ‘Join Now’ button. Click this and it will reveal a sign-up form as you see below. You will need to think up a secure password that you’ll remember.
You will also have to enter the email address that you want to be connected to your account, as well as your name, chosen username, and contact details such as phone number. Read the terms and conditions and tick the boxes to confirm all.
When you have checked the personal information is accurate, you can click ‘Create Account’ to move to the next step. You will be asked a few questions regarding your knowledge of risk and trading experience. This regulated brokerage will also need a copy of your passport or driver’s license to confirm your ID, and a dated bank statement or utility bill for your address validation.
Important: Please note that eToro will let you trade Ethereum prior to completing the KYC process. However, you must upload documentation before you may withdraw any funds – or deposit an amount of $2,250 (approximately £1,600) or more. This usually takes minutes, so most traders opt to get it over and done with when signing up.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Ethereum Trading Funds
Now, you should have a validated and funded account at eToro. As such, you can add some funds to trade cryptocurrencies.
eToro – the best Ethereum trading platform in the UK, accepts the following deposit methods:
- MasterCard
- Maestro
- Visa
- PayPal
- Neteller
- Skrill
- UK bank transfers
Don’t forget, there will be an exchange fee of 0.5% charged on UK deposits as the broker site is denominated in US dollars.
Step 3: Go to Ethereum Trading Area
Now, you can find Ethereum by looking through the ‘Trade Markets’ area – or by simply using the search bar, which you will see on the main dashboard.
Type in ETH or Ethereum and click ‘Trade’ when you see it. This will take you to the last stage of placing your first order with the best Ethereum trading platform in the UK!
Step 4: Place Ethereum Trade
You will see a trading order box appear – like below. Note that the default setting is a market order – which indicates you are happy to enter the trade now, and at the price quoted. You might also opt for a limit, allowing you to be price specific.
Now, enter the units into the ‘amount’ box. Remember, at top-rated eToro, you can stake from as little as $50 on Ethereum. When you are happy with the information entered, you can click ‘Trade’ to instruct eToro to execute your order.
Best Ethereum Trading Platforms in the UK – Conclusion
Throughout this guide, we have thoroughly reviewed the best Ethereum trading platforms in the UK – covering fees, regulation, markets, safety, and more. We found providers like Coinbase, OKEx, and Binance all offer a good range of digital coins and low fees.
However, the overall best Ethereum trading platform in the UK is eToro. Not only is this brokerage site regulated by the FCA, but the newbie-friendly platform will allow you to trade Ethereum from just $50.
You will only pay the spread when buying and selling ETH coins and it takes just minutes to add funds to your account thanks to the selection of fast and convenient payment types.
eToro – Best Ethereum Trading Platform UK
FAQ
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