Top 5 Best Ethereum Exchanges, Reviewed for 2022

Ethereum is available on a broad array of exchanges across the globe. Below, you will find a list of five of the best Ethereum exchanges you can use to buy and sell ether (ETH).

Coinbase

Coinbase is a leading digital asset exchange headquartered in San Francisco, California. It supports a wide range of cryptocurrencies, including ETH.

The exchange is available in over 100 countries and on six continents. Moreover, Coinbase offers several payment methods depending on your country. For instance, US users can make payments through a bank account, debit card, and wire transfer.  The exchange also allows US customers to make withdrawals using PayPal.

Coinbase charges a spread of about 0.5 percent for buy and sell transactions. Moreover, the exchange charges an additional fee, “which is the greater of the flat fee or the variable percentage fee.” These fees are available on the website.

Users that use Coinbase can enjoy features like buying and selling crypto, storing their holdings, and earning crypto.

Pros

• It is a trustworthy exchange
• Coinbase is available in many countries
• The website is easy to use
• Coinbase uses an insurance policy to protect the crypto that users store on servers
• You can purchase crypto (near) instantly
• Coinbase offers an Android and iOS app

Cons

• Bank account payments take days to process
• The acceptable payment methods are limited
• Wallets are custodial

Coinmama

Coinmama is one of the best exchanges to buy ethereum. The exchange is accessible in 188 countries where users can buy and sell several cryptocurrencies including, Ethereum. Coinmama has offices in Ireland and Israel.

Coinmama accepts credit cards, debit cards, Apple Pay, and bank wire transfer payments. Moreover, the crypto exchange charges a commission fee of up to 3.9 percent on buy transactions and up to 0.9 percent on sell transactions.

The exchange uses the TradeBlock XBX rate plus two percent to set its market rate. Also, Coinmama charges additional fees based on the payment method.

Pros

• It offers high spending limits (up to $30,000 with a bank account)
• Coinmama does not hold customer funds or store payment details
• Effective customer support

Cons

• Higher fees than Coinbase
• Limited payment methods

Kraken

Kraken is a San Francisco-based digital asset exchange that supports a wide range of cryptocurrencies including, ETH. It is accessible in 46 US states and 176 countries. On Kraken, customers can buy and sell crypto, trade futures, carry out margin trading, and make large trades over the counter. Users can make payments with credit and debit cards and bank wire transfers.

Since Kraken offers several products, the fees will depend on the type of product you are using. The exchange has outlined all the charges in a fee schedule. For example, the maker fee for trading 30-day crypto volumes of $50,000 or less is 0.16 percent.

However, the exchange does not charge any fees for staking, storing funds, and transferring funds from and to a futures wallet.

Pros

• 24/7 live customer support
• You can buy crypto instantly
• Kraken offers an Android and iOS app
• Low maker and taker fees

Cons

• Most of the products that Kraken offers are not beginner-friendly
• Few payment methods

LocalCryptos

LocalCryptos is a P2P crypto marketplace formerly known as LocalEthereum. The platform provides more than 40 payment methods such as PayPal, gift cards, debit cards, digital currencies, WeChat Pay, Western Union, and bank transfers.

Australia-based LocalCryptos is available in more than 130 countries. Additionally, the platform supports four cryptocurrencies including ETH.

The P2P marketplace charges a maker fee of 0.25 percent and a taker fee of 0.75 percent. Besides the P2P marketplace, LocalCryptos offers a blockchain-powered escrow service and customer support services.

Pros

• LocalCryptos is non-custodial, which means you have full control of your keys and coins
• It offers a lot of payment methods
• Escrow protects the transactions between traders
• Users can join the referral program to earn commissions
• Messages between traders are encrypted

Cons

• The platform only supports a few cryptocurrencies
• LocalCryptos does not offer an app

CEX.io

CEX.io is a UK-based crypto exchange accessible in 47 US states and all countries excluding about 33 nations. The list of countries that CEX.io does not support is available on the website.

You can buy ethereum on the exchange with a debit or credit card, Skrill, bank transfer (SWIFT, SEPA, Faster Payments, and ACH), and crypto.

The 30-day volume of less than five BTC attracts a maker fee of 0.16 percent and a taker fee of 0.25 percent. On the other hand, the deposit and withdrawal fees depend on the payment method you are using.

CEX.io supports several cryptocurrencies including, ETH. Also, you can enjoy other products like staking, crypto-backed loans, margin trading, and spot trading.

Pros

• You can buy crypto instantly
• Users can access the exchange via a mobile app
• Customers can make use of the affiliate program to earn an income
• It is available in many countries

Cons

• Few supported cryptocurrencies.
• It could take up to a day to get a reply on live chat.

How to Exchange Ethereum to USD

You can exchange ETH to USD by selling it on any of the exchanges above. To sell ethereum on an exchange like Coinbase, Kraken, Coinmama, or CEX.io, follow the steps below.

• Create an account on any of these platforms.
• Verify the required identity and payment details.
• Deposit funds to your account.
• Click “Sell” and select ETH.
• Choose an ETH/USD trading pair.
• Next, create a sell order or fill an existing order. Once the exchange executes your order, you will receive USD in your account. You can choose to withdraw it or use it in another trade.

Alternatively, you can sell ETH for USD in a P2P marketplace like LocalCryptos by following this procedure:

• Create an account on a P2P marketplace and verify your identity.
• Browse offers from traders that want to buy ethereum and pay in USD.
• Once you find a suitable buyer, start a trade with them.
• Send them the payment details and any additional trade instructions.
• Once the buyer has paid, confirm the payment and release the ethereum from escrow.
• Complete the trade and leave the buyer a review.

With any of these exchanges, you can buy and sell ETH with ease. To learn more about Ethereum, click here.