Trade Ethereum (ETH)
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Payments
Smart Contracts
Proof of Work
Ethereum is among a host of cryptocurrencies that traders can buy and sell on the market today. Its volatile nature has attracted a lot of traders and investors who see an opportunity to rack in unprecedented returns. At AskWhales, we list all the best platforms on which you can ply your trade at for maximum return on investment.
Top Platforms for Ethereum Trading
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Etoro
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High Risk
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Margin
Easy to get started
Exclusive
To Etoro
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Binance
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Reliable
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Good for trading
To Binance
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Plus500
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High Risk
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Short
To Plus500
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Simple FX
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High Risk
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Intuitive
To Simple FX
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Bitmex
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High Risk
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Possibility to short
To Bitmex
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CEX.io
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Reliable
To CEX
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Deribit
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Futures
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Reliable
To Deribit
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Changelly
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Buy With Credit Card
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Beginner Friendly
To Changelly
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Local Bitcoins
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Buy With Cash
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Trusted
To LocalBitcoins
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Coinbase
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Fiat deposits
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10€ free
To Coinbase
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Etoro
- High Risk
- Margin
Easy to get started
To EtoroExclusive
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Binance
- Reliable
- Good for trading
To Binance -
Plus500
- High Risk
- Short
To Plus500 -
Simple FX
- High Risk
- Intuitive
To Simple FX -
Bitmex
- High Risk
- Possibility to short
To Bitmex -
CEX.io
- Reliable
To CEX -
Deribit
- Futures
- Reliable
To Deribit -
Changelly
- Buy With Credit Card
- Beginner Friendly
To Changelly -
Local Bitcoins
- Buy With Cash
- Trusted
To LocalBitcoins -
Coinbase
- Fiat deposits
- 10€ free
To Coinbase
Trading Ethereum can take place in two ways. First up, it can occur via the acquiring and selling of “coins” normally on an exchange. Alternatively, it can occur via a CFD (contract for difference) on a trading platform. As is the case with any market that is growing at a rapid rate, upcoming investors might feel like they are joining the market “too late” or there’s no chance of further growth taking place.
Although there’s a substantial risk when trading with Ethereum owing to its volatility, its computational blockchain is capable of restructuring financial, real-estate and casino gaming markets among others. There exists some advantage to the idea that one of these days, Ethereum might be rendered ubiquitous such that all the smart contracts which will have been developed on the Ethereum blockchain will become a necessity for corporations and companies to remain competitive.
Day traders might be disinterested in the long term basics of the Ethereum blockchain. Nonetheless, due to the volatility of this market, a successful day trader can become abundantly wealthy in the snap of a finger. Anyone keen on trading Ethereum, not as a short time investment should be assured that there is only a small amount of institutional cash being exchanged on the market to-date. It is highly likely that cryptocurrencies and blockchain technologies are here to stay, and even if Ethereum fails to top the charts, another cryptocurrency most definitely will.
That said, one trading strategy that may come in handy for traders is Margin trading. This enables traders to borrow so as to buy larger volumes of Ethereum. The amount traders are allowed to borrow, often referred to as “initial margin”, as stipulated by the brokerage and will differ in terms of size. Buying on margin is a lucrative affair for most traders although there are considerable risks attached. To discourage traders from borrowing a lot, margin accounts are normally restricted by a “maintenance requirement” which shows the minimum amount traders are supposed to possess in equity on their margin account.