Ethereum is an open-source block chain based platform which has been created to carry out the trades of the cryptocurrency ETHER. Like Bitcoins, it is traded on exchanges and carries the characteristics of digital currencies stored in digital wallets. Again, Ether is not issued or regulated by government regulated banks or other authorities.
By the end of this article, you will be able to open a trading account with a recommended broker with a couple of minutes and start trading immediately.
- CMC Markets
CMC markets is known as a multi asset broker. The market has attained experience over 30 years of trading. It is regulated by the strict policies of UK’s Financial Conduct Authority (FCA). The funds are safe here and are segregated. There is high level security and safety is guaranteed. It is a publicly-traded company on the London Stock Exchange.
Ethereums can be traded in the CMC markets with the use of spread bets or CFD account. The account offers trade on more than 9,000+ trading instruments covering Forex, Cryptocurrencies, Commodities, Shares etc.
- It is regulated and publically traded on the London Stock exchange
- 9000+ trading assets and instruments.
- Feature-rich proprietary Next Generation trading platform
- News and analysis from experts and analysts.
Binance has been known to rule the crypto world and the markets. The market is very comfortable for beginners and excellent for advance users. The beginners will find the site very user friendly. Binance has been ranked in the top 5 exchanges time and again by the CMC. Binance also gives you a feature where you can use BNB tokens to trade. Users will receive 50% discount on their trading fees which is quiet an amount. Binance is one of the easiest apps to use on phones as well.
This exchange is one of the oldest sites which offers entry into the trading world of cryptocurrencies. The volume of cryptocurrencies in this site is quiet high. The exchange always ranks among the top 10 on the CMC hence it is definitely reputed. Users are guided by the instructions given by time at every point. Registering on Bitfinex will take time as they make sure to verify your ID and authenticate you as a user. The process as a whole will take up to 10-15 days. It is also available as a mobile app on android and IOS. It is accessible to all countries with an exception of some.
Another well known and a popular trading site when it comes to cryptocurrencies. You can deposit currencies in the form of USD, EUR. GBP etc. and the app will cash in the cryptocurrencies in your wallet. Coinbase is a very handy app and allows you to by currencies in the most simplest ways.
Now, this exchange has been made, and is run by professional algorithm traders and developers. It is used extensively by economists as well. Hence, it is one of the crowded exchanges. The site has all the tools and techniques you wish to analyse a cryptocurriency. There are certain tools for beginners to experiment and use too. The registration process is also quite simple on this site.
Always keep in mind that the exchanges, whichever you might use, are centralized in nature. Which means it is advisable to not hold cryptocurrencies in your wallet for too long. The world of cryptocurrencies is heating up. The youth are running towards this direction everyday. It looks like a revolution in the world of trading technology and financial world.