What is the Best Ethereum Exchange?

What is the Best Ethereum Exchange?

What is Ethereum?

Ethereum is one of the best performing cryptocurrencies in 2017. It experienced a 2800% increase in exchange market price in the last year and is according to some speculators, will overtake Bitcoin in 2018. Since the currency’s inception in 2015, it has been growing and so there’s a lot of people looking to invest in digital currencies. If you don’t know what Ethereum is or how Ethereum works, check out this blog.

Most people hear about Ethereum, or Ether, the currency which is now working wonders in the digital currency market. It’s true, Ethereum has risen from $0.10 to around $400 now and a lot of mainstream media is calling it a bubble. This might be true, but the bubble would never burst because of the advancements that blockchain technology is generating. That’s why Ethereum, the currency, is one of the safest investments in digital currency today

In this article, we’re going to look at a few of the best Ethereum Exchange available in the market today.

What’s the best Ethereum Exchange?

Coinbase is the world’s most popular Ethereum exchange, over $6 Billion worth of digital currencies have been exchanged on the platform. You can also trade Bitcoin, Ethereum and Litecoin. The exchange provides many advantages such as low fees, secure storage and faster transactions.

Changelly is an Ethereum exchange platform which has some of the best exchange rates on the market. The website automatically looks for the best trade when you want to exchange your coins in order to make sure everybody receives a fair deal!

CEX.IO is an exchange platform founded in 2013 as a bitcoin mining cloud service which recently transitioned into a simple exchange platform. It’s one of the safest Ethereum exchange to use, with the level of security that it offers. The company boasts a large banner on its homepage which reads, “Bitcoin Exchange You Can Trust”.

Deposits and Withdrawals


Coinbaseprovides several secure ways of depositing and withdrawing from your online wallet on the Ethereum Exchange. Depending on your region, you will be able to use credit cards, bank transfers and paypal in order to deposit money. Once you create you account, it’s very easy to connect your bank account with the Coinbase wallet, using a secure method so that your information is safe. You can then deposit money into your wallet and start buying Ethereum! The minimum deposit on Coinbase is $100.

The withdrawal process is quite simple as well; you need to verify yourself on the platform and connect your Paypal or bank account or online wallet. Then, you can withdraw the funds on your Coinbase account.


Firstly, for Changellyusers from the US, Canada and Australia, there’s a $50 limit on the first transaction. After the first transaction, the second can only be done 4 days after which has a limit of $100. After 7 days of the first buy, the limit is $500 and there is no monthly limit.

The Ethereum exchange platform charges a commission fee of 0.5% on each transaction. It’s relatively insignificant considering you exchange small amounts of coins. Whereas if you need to exchange large numbers, you’ll face a higher fee which increases as the amount increases. Therefore, it is suited for any beginner but for professionals who would like to invest, Changelly has very high commissions.


On CEX.IO you can deposit money into your basic free account or choose to fill your account with any cryptocurrency! That basically allows you to exchange your currency to bitcoins or ethereum, whichever you prefer. The website also accepts credit card payments, wire and SEPA transfers, which a lot of Ethereum exchanges don’t.

In order to deposit money into your account to buy Ethereum, you don’t need to go through the identification process. However, if you sell Ethereum on the website and would like to withdraw your funds higher than $10,000 per month, you need to go through the identification process.

Security and Privacy of the best Ethereum Exchange

Coinbasehas many security measures in place in order to secure your bank credentials and your online wallet. Firstly, Coinbase insures all deposits. That makes you 100% safe even in an event of hacking. You’d get your Ethereum or Bitcoins back if it was the case.

Secondly, Coinbase keeps 98% of all customer funds offline. Therefore nobody can access the funds.

Coinbase removes customer’s secure information off of its networks. Then, it copies the data to USB drives and paper backups. Coinbase keeps these paper backups and USB drives in deposit boxes around the world to ensure no breach is possible.

Changellyhas had press on many big media such as Forbes and CoinTelegraph since it’s a project by Minergate, one of the largest mining pools today and therefore it’s pretty reliable as an exchange.  Charlie Shrem, the Vice Chairman and founding member of the Bitcoin Foundation, also uses Changelly so it’s legit.

The security is quite modern onCEX.IO since they recommend you to use a third-party card manager in order to make sure that you can pay quickly whilst remaining completely protected.  Wire and SEPA transfers, both available on CEX.IO  is better for maintaining the security of your bank details.

The platform freezes your account if you have suspicions that your account is hacked. It also automatically resets all passwords for you. The CEX.IO team then investigates the situation further. The team is pretty helpful in a case like this, so you can rest assured!

2 Factor Authentication

All of these platforms offer two-factor authentication. Two-factor authentication is one of the greatest tools to secure your online presence on these platforms. To be completely honest, it’s one of the most important things to do when you open a new account on a platform.

A 2-factor authentication is essentially a text that is sent to your phone that has a code which is used to verify any transaction that you carry out online. That makes sure that a hacker cannot enter your online wallet and send your money to different accounts on the Ethereum Exchange.

Our Recommendation of the Best Ethereum Exchange

Coinbasehas been the benchmark of good quality online exchanges, providing great security standards and several different coins, but is now facing many issues. Coinbase has been having issues with the website, users claim it bugs when coins are at their highest or lowest, restraining people from trading at such moments.

Changellyhas been facing issues recently. The website had delays on payouts at the time of writing this article. In order to make sure that their customers trust them, they displayed a message on the homepage. The messaged read “There are delays on payouts. All funds shall be returned soon.”. I think this is a testament to the dedication that Changelly has to its users.

Changelly is a well known and reliable company. So, you can be sure of getting your money back if there’s an issue. Although it has its issues, Changelly remains the Ethereum exchange with the widest range of currencies.

Frankly, I was surprised by the level of security that CEX.IO offers, it makes sure that each of its users are secure. The website is very minimalistic and is quite interactive. CEX.IO now provides Margin trading as well now, which is a great advantage for traders besides the Ethereum exchange. The FOK orders feature that CEX.IO uses has increased the capabilities of the website, since people are able to make instantaneous purchases. The platform also makes sure that during a transaction, if the market worsens or rises, you do not lose your money. I think that’s what makes CEO.IX stand out, the attention to consumer satisfaction is unparalleled in the industry. Therefore, we at WikiCrypto recommend CEX.IO.

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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