Ethereum brokers

For more information on cryptocurrencies and cryptocurrency trading, please see our tutorial: the basics of cryptocurrency.

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Top 10 Online Brokers to Buy Ethereum, ethereum brokers.

The simplest way to buy ethereum (or ether) is through any of the well-known bitcoin exchanges or trading platforms. You can find our top choices above.

Top 10 online brokers to buy ethereum

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Risk warning: users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading cfds. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser disclosure: topbrokers.Trade is an independent professional comparison site funded by referral fees. The compensation topbrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.

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The beginner’s guide to ethereum

What is ethereum?

Ethereum is a blockchain platform with a smart contract functionality and a cryptocurrency. It was invented by vitalik buterin in 2013 and is a decentralized platform created for app developers to build on.

Ethereum can be utilized to decentralize, codify, secure and trade almost anything: voting, financial exchanges, domain names, crowdfunding, company governance, agreements, contracts, as well as intellectual property.

What is ether?

Ether is the legal tender of the ethereum platform. Anyone wanting to use or to build upon the ethereum platform will require ether. Many people use the term ethereum for referring to the currency instead of ether, which can cause some confusion. Similar to bitcoin, ether can be traded and mined and can be bought at any of the brokers found on the above chart.

Ethereum vs. Bitcoin

Although ether and bitcoin are both cryptocurrencies built on blockchain technology, they are distinct in a number of ways. Most of these differences are related to the refinement of the protocol. Thanks to the way that it is mined, transactions can occur much faster. For instance, the standard “block” time for ethereum is 12 seconds compared to the 10 minutes needed for bitcoin.

With ethereum you can pay and clear transactions much quicker than with bitcoin. As well, it does not have the automatic restrictions placed on supply growth that bitcoin does. The limitation is due to the bitcoin block rewards which are halved every four years whereas the amount of ether stays the same and is always available each year.

Additionally, regarding supply, ethereum was crowd-funded whereas bitcoin was released. Because of this, the early bitcoin miners gathered the primary supply and currently own most of the coins in circulation. Ultimately, bitcoin uses a different algorithm to that of ethereum, mitigating against the use of application-specific singular circuits. Ethereum supports a decentralized mining operation for people using their gpus.

How to buy ethereum

The simplest way to buy ethereum (or ether) is through any of the well-known bitcoin exchanges or trading platforms. You can find our top choices above.

The benefits to using ethereum’s decentralized platform

Decentralized applications use the blockchain to run, which they, therefore, benefit from the blockchain’s properties.

Secure

Without any central point of failure and secured by using cryptography, the applications strongly protected against hacking attacks and fraudulent activities.

Immutability

Third parties can’t make any adjustments to the decentralized platform’s data.

Corruption and tamper proof

Based on a network that is established around the consensus principle, these apps make censorship impossible.

Zero downtime

The apps cannot be switched off and can never go down.

The downside to decentralized applications

Regardless of its number of advantages, decentralized applications are not without faults. As a result of smart contract code that humans write, the smart contracts will only be as good as those writing them. Oversights or code bugs can also lead to unintentional unfavourable actions being taken. For example, if there is a mistake or problem in the actual code that gets exploited, there’s no adept and efficient way to stop exploitation or an attack, besides attaining a network consensus and having to re-write the code that’s underlying. It goes against the blockchain’s principle that is supposed to be unchangeable. As well, any action that’s taken by an important party raises key questions concerning the application’s decentralized nature.

Day trading ethereum

If you are only interested in earning on the exchange rate, you can invest in cfds as well. The concept is that rather than having to buy ethereum you can trade according to the exchange rate. The cfds are better suited to experienced traders. However, many beginners are getting into ethereum CFD trading.

Mining ethereum

Proof-of-work is used in mining ethereum. It’s very similar to bitcoin mining because there’s a diminishing block reward earned for each block mined. If you retain a dedicated GPU that’s set up on your computer, then you can start to reap some actual rewards.

Ethereum and ether are largely disruptive technologies that are positioned to alter how the internet inherently works. For now, it is easy to get your piece of “the future of the internet” by following the steps we mentioned above.

How to choose the best platform to buy ethereum

As the trade volumes are reaching billions of dollars a day and the market caps are hitting tens of billions of dollars, it is no wonder that cryptocurrencies fuel the modern day gold rush. Today is an age of digital currencies, with hundreds of cryptocurrencies birthed within the decade. There are already more than a thousand cryptocurrencies in the market, and almost daily a new initial coin offering (ICO) appears.

Because there’s so much competition in the ethereum exchange market as well as having countless brokers and exchanges to choose from, it can be difficult to know which option will work best for you. Here are a few things we suggest keeping in mind before you decide on the right broker for you:

Regulation

Use a regulated ethereum broker or exchange. The regulatory body develops rules and services protect the integrity of the market, as well as traders, and investors. Because of possible safety concerns, you should open accounts exclusively with regulated brokers.

Customer service

Trading happens 24 hrs a day, so customer support should be available at all times. You’ll want to be able to speak with a live support person. The representative’s ability to answer your questions regarding spreads and leverage, as well as company details is very telling.

The details of a good broker should be out in the open for everyone to see, either online or otherwise.

Account types

Your ideal broker to buy ethereum should be able to offer either multiple account options or provide you with an element of customizability. Look for an ethereum broker that offers competitive spreads and easy deposits/withdrawals.

Platform type

The trading platform is the investor’s portal to the markets. So with that in mind, look for a platform that is easy to use, straightforward and offers an advanced collection of analytical and technical and tools, to enhance your trading experience. For more information on selecting the right trading platform for you, please see our tutorial: what to look for when choosing A trading platform

Tradeable assets

While selecting the best trading broker for you, it’s possible just to concentrate on cryptocurrencies if you choose. However, you should keep in mind there are many types of investment alternatives offered as well, such as forex, stocks, cfds, etfs, or trading in options or futures.

Currency pairs

The best brokerages can provide a huge selection of currency pairs. However, it is most important is that they provide the variety of pairs that interest you. While there are many currencies and digital currencies available for trading, there are only a few get the majority of the attention, and as the result, trade with the highest liquidity.

If you want to buy ethereum, it costs money. However, unlike buying stocks or bonds, brokers generally charge a percentage. You may consider looking for a broker that charges a flat rate fee instead of the percentage model.

Liquidity

Because ether is traded in a market where people are both looking to buy or sell the digital currency, it’s crucial to consider the amount of liquidity that an exchange can have. Liquidity is the ability to sell without the price being significantly affected, causing the price to drop.

For more information on cryptocurrencies and cryptocurrency trading, please see our tutorial: the basics of cryptocurrency.

Best ethereum broker to trade ethereum 2020

Ethereum is the second largest cryptocurrency in the world. Ethereum started gaining traction when the price of bitcoin started slumping. Ethereum trade has also picked up and many investors are willing to put their money behind this digital currency. As a result, many ethereum trade brokers have cropped up. Some of the brokers are trustworthy while others are not. You need to ensure that the broker you are dealing with is credible and offers you the best chance of making a profit from your trades. Your broker should offer more than just a trading platform. They should offer you all the tools you need to be able to trade successfully.

We took it upon ourselves to find out which one is the best ethereum broker to trade ethereum 2020. There are many ethereum trade brokers in the industry who claim to offer all sorts of privileges. Our ethereum experts went out to explore the various ethereum brokers available to find out which one is the best. IQ option rose the best ethereum broker to trade ethereum. There are many factors that were put into consideration while coming up with that conclusion. Below we explore these factors and all other aspects of IQ options that make it one of the best, if not the best ethereum broker in the industry.

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My recommended brokers updated january 2020

IQ option

Any person who has been on the online trading space for a while must have heard about IQ option. It is one of the most popular trading platforms. As part of its cryptocurrency trade, it offers ethereum trading. You can trade ethereum on IQ option as pairs with other mainstream currencies. For instance, you can trade with a USD/ETH pair or a EUR/ETH pair. Before we get to how you trade ethereum on IQ option, here is a bit of background information about IQ option.

IQ option has been in operation for almost a decade now. It is operated by a cyprus-based company and the trading platform is regulated by cysec. IQ option is one of the most trustworthy trading platforms in the world. It is available in most countries around the world except the ones listed below.

Japan

Turkey

Israel

Syria

Sudan

Iran

Russia

Canada

Australia

Belgium

France

Its fast growth was informed by its friendly trading environment. To understand how IQ options trading environment looks like let’s explore its trading platforms and accounts.

Trading platform and accounts

IQ option has gone out of its way to ensure its trading platforms are easily accessible. They offer a desktop app, a web-based platform, and a mobile-based platform. You can connect to the platform with any device that has access to the internet. The desktop app and the web-based platform offer the best trading environment. They come with all the tools you need to be able to trade successfully and they are easy to navigate through. The mobile trading platform is accessible from both android and ios systems. It is a very user intuitive platform as well, and it automatically syncs your settings from your desktop or web-based platform.

For ethereum trade, IQ option offers three types of accounts. IQ option also offers a demo account for beginners who are not yet competent enough to engage in the real markets. The cheapest account on IQ options is the entry-level account which requires a minimum deposit of $10. It is a very basic account that allows you to participate in the real markets by placing trades of $1. The other accounts are the top level account and the VIP account. These require minimum deposits of $1000 and $3000 respectively. They come with additional privileges that enable you to trade successfully. The privileges increase as the minimum deposit increases.

Fxdailyreport.Com

In the recent times, the popularity of cryptocurrencies has seen a steep increase. The bitcoin’s price has more than tripled last year. The prices of other altcoins have also registered tremendous growth. Ethereum grew by over 1,000 percent. The price of ethereum has risen from just $10 at the start of this year to the current level of $100. Meanwhile, DASH’s market capitalization grew by 750 percent. The price of DASH grew from $12 to as much as $91.5 and that of ripple (XRP) zoomed by an astonishing 3,600 percent to 36 cents from 1 cent in january.

The growth in the popularity of digital currencies is due to the increased public interest in a decentralized economy. The recent political and financial developments have also contributed to the heightened interest in digital currencies. This has encouraged the forex and CFD brokers to join the bandwagon and offer cryptocurrencies for trading. The first retail forex broker to offer trades in ethereum was fxopen.

Top trusted forex brokers offering ethereum trades

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: 0 spread: non-spread, fee 0.1% per trade leverage: non-leverage regulation: -	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker
min deposit: €100 spread: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD) leverage: 1:294 regulation: ASIC, cysec, FCA (UK)	visit broker
min deposit: $100 spread: starting from 0.9 pips leverage: 400:1 regulation: MIFID, FSB & ASIC	visit broker
min deposit: $100 spread: from 0,2 pips leverage: 1:200 regulation: FCA UK (#186171), cysec (#259/14), CIMA (1442313) and DFSA (F000048)	10% welcome bonus up to $5,000	visit broker
min deposit: $100 spread: fixed and variable leverage: 300:1 regulation: cysec, FSB	visit broker

What is ethereum ?

Ethereum is a decentralized applications platform. Invented by vitalik buterin, ethereum was announced in 2014 as an alternate blockchain-based system with superior tools for global developers. The beta version of ethereum was launched in july 2015 and in the production version innovation in 2016 introduced turing-complete smart contracts. These applications take into account if-then scenarios when executing specific terms of agreements.

The ethereum blockchain’s value token is referred to as ether and is listed as ETH for trading on cryptocurrency exchanges. Ether’s design is such that it does not function as a global digital currency. It is used for making payments for specified actions that happen on the ethereum network. Users may receive it if they use their computing power for validating transactions and contribute to its development.

Currently, the exchanges and infrastructure that have been developed for bitcoin network support the ether’s market. While the value of bitcoin grew as more people participated in the network, ethereum’s development took place under different circumstances.

Market participants can purchase and sell ether with fiat currency and/or bitcoin. Such transactions can be executed through various exchanges, as a number of organizations are currently offering these trades. The ethereum platform is still in its infancy. As a result, ether has been experiencing sharp fluctuations in price.

Some people might think that trading in ether is not very attractive because of its price volatility. However, the price gyrations do present traders with a lot of opportunities. Sharp volatility in the digital currency’s price allows traders to speculate on its price levels in the future so as to make an attempt to earn a profit. Some others, on the other hand, make use of ether to hedge their bitcoin trades.

Having said this, here are some of the best forex brokers that offer ethereum trading:

3 ethereum alternatives that banks should be monitoring

The wave of decentralized finance applications that launched in 2020 owed a great debt to the smart contract platform ethereum, where traders busily pushed defi volumes into the billions. Ethereum-based decentralized applications (dapps) were the biggest success story of the year, at least if you discount bitcoin’s stratospheric push towards $30k. Open finance protocols such as those related to lending, staking, and saving reiterated the raison d’être for cryptocurrencies, providing users with a trustless means of transacting value without depending on a trusted third party. In the space of a year, defi redefined the expression “free market” in its own image.

Unsurprisingly, major financial institutions have started to watch the crypto landscape closely, threatened by the speed at which ethereum captured value while selling the dream of financial inclusion. And they have other networks to worry about too: while ethereum undoubtedly dominated the defi landscape in 2020, spiraling network fees caused by high congestion, not to mention sluggish transaction confirmation times, highlighted common concerns about the platform’s long-term viability. Banks reconnoitering the defi landscape, therefore, should be aware of these fast-rising ethereum competitors in the year ahead.

Radix

A public decentralized ledger that demonstrated processing an impressive 1.4 million transactions per second, radix is a leading contender for ethereum’s defi crown. Reinforced by a next-generation consensus mechanism called cerberus and powered by the developer-friendly radix engine, the layer-1 protocol is the brainchild of autodidact dan hughes, a british blockchain evangelist and genius coder who first experimented with bitcoin in 2011. Indeed, hughes was inspired by the original bitcoin code when he started developing radix, which recently raised $12.7 million from its first-ever token sale and exceeded its funding goal.

In terms of performance, the platform is expected to surpass all defi rivals, including ethereum, when it launches its mainnet, a consequence of its lightning speed, infinite scalability, and robust security – elements hughes believes will drastically reduce defi hacks, exploits, and failures. Another USP of radix, according to CEO piers ridyard, is that it doesn’t proclaim to be a general-purpose platform: it’s built specifically to improve the pain points of defi.

To that end, radix has already integrated the leading oracle network chainlink into its public network, giving developers access to a treasure trove of secure, accurate off-ledger data. Other radix integrations include REN and quantstamp, to name a few. The implications of a blockchain with this level of performance include adoption from stock exchanges, credit card processors, and other traditional financial services providers.

Polkadot

Another british blockchain OG is behind polkadot , an interoperable blockchain ecosystem that uses unique “sharding” technology. Like dan hughes, gavin wood was first introduced to bitcoin in 2011 and later co-founded ethereum with vitalik buterin, coding the network’s first functional implementation. Having disembarked from the ethereum bandwagon, polkadot now consumes all of his attention. A third-generation blockchain project with an $8.45 billion market cap , the platform seeks to facilitate endless economic scalability by enabling a common set of validators to secure multiple blockchains.

Within the polkadot ecosystem, parachains bolt on to the main network, relying on its security while retaining their independence. Application developers can choose to deploy dapps as smart contracts on existing parachains or as their very own parachains. The polkadot defi stack is expanding at a rapid rate, with projects such as cross-chain DEX networks ( zenlink ), amms (polkaswap), and staking platforms (bitfrost) already in the wild. There is also moonbeam, an ethereum-compatible toolkit for smart contract deployment. Despite having only launched in mid-2020, polkadot is currently the largest staking network by total value locked.

COSMOS

The third ethereum alternative banks would do well to keep their eyes on is COSMOS , a decentralized network of parallel blockchains powered by BFT consensus algorithms. Interoperability and scalability are the watchwords at COSMOS, which recently organized a hackathon (hackatom V) geared towards defi solutions such as cross-chain staking. COSMOS already boasts its own version of makerdao in the form of kava , a defi protocol that enables users to deposit digital assets and borrow kava’s dollar-pegged stablecoin, USDX. Cross-chain decentralized liquidity network thorchain is also based on tendermint and cosmos-SDK.

With defi requiring new sources of liquidity and collateral, COSMOS is well-positioned to capitalize in 2021. Kava’s CEO brian kerr has even alluded to the possibility of existing ethereum defi projects like compound and augur being ported onto cosmos via bridges or integration with kava itself.

Banks are still the behemoths of finance, but if 2020 taught us anything, it was that existing systems can be upended in a matter of months. Expect the aforementioned ethereum alternatives to be making big moves in defi in the year ahead.

Disclaimer: the information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and icos in his or her country.

Ethereum code review

The ethereum code is a scam trading software, which promises to make you a lot of money. They claim you will make huge profits of thousands per day, however the truth shows otherwise.

The problem is, that the ethereum code is identical with an old binary options scam software. Before you become the next victim of a classic investing scam, here is what you need to know.

WARNING! Before losing your money at a scam…

The ethereum code scam

The reason why “the ethereum code” is a total scam, has to do with the false claims they make about how you will get rich fast. They display on their website, only 6 copies available, but that is not true because we opened 3 accounts with them today. The goal of their video, is to get you to open a trading account at an unlicensed scam broker.

If you look at the popular crypto trading robots, you will see how they use licensed and regulated crypto brokers, see here.

The ethereum code review

A real automated trading software is supposed to be based on technical indicators and generate trade alerts and place trade for your account.

When we signed up for the software, they simply ask you to deposit money into the brokerage account. There is no ability to see the actual software, how it works, or if there are any settings for it. We can only assume that ethereum code is just a “funnel” to get you to deposit money at some offshore, unlicensed broker.

Real auto trading robots allow you the investors to configure all aspects of the software, before you make a deposit, see here.

Ethereum code results from 2016

Warning about broker scams

It is important for every investor to know, that your money is held at a broker, and if that broker is not licensed, you will never see your money again! When you learn how these scams operate, you will understand why they recommended an unlicensed broker, read this article.

If you are interested in trading CFD’s on ethereum or other crypto currencies, you can see the list of popular brokers here.

Which ethereum code are you using?

This is standard with trading robots, multiple companies use the same name for different products.

Go visit to official software at: ethereum-code-pro.Com.

Please share with other investors which broker the ethereum code scam told you to use, in the comment section below.

Is ethereum halal or haram — we have researched for you

As we are growing digitally and investment options are changing dynamically, it becomes important to keep a check on them. At halal trading brokers, our team reviews all available cryptocurrencies and platforms to bring halal suggestion.

When it comes to ethereum’s popularity, it is among the fastest-growing blockchain technology and cryptocurrency. Millions of people are leveraging this altcoin to diversify their portfolio. If you are also planning to put money into this, you need to read this guide as we have covered ethereum from an islamic and sharia way.

Ethereum is a decentralized online asset like BTC and it functions as a medium of exchange like money that is halal as per pious islamic and sharia laws given by muhammad prophet. When you buy or perform trading in ethereum (in a riba-free way), you are owning a part of that organization by having ethereum’s private key. It makes your ethereum investment halal and sharia-compliant.

Many people confuse cryptocurrency including ethereum with gambling, but it’s not. Gambling is when you put your money in something that you don’t own. With ethereum, you are investing your money into an asset that is operated under a company.

If you want to get started with ethereum trading and not sure where to start, we are here to help. Get in touch with us using the contact form and our team will be happy to help.

What is ethereum? Know the complete system

Ethereum is the second-largest widely used decentralized currency after bitcoin. Ethereum offers more vast applications than bitcoin offers. It is a complete platform where anyone can write code and make applications. Clearing the confusion, ethereum is a vast open-source network and ether is a derived cryptocurrency in which people invest their money.

Talking a little bit about its history, in november 2013, vitalik buterin published an ethereum whitepaper. In the year 2014, the development of the ethereum platform was announced and after a couple of months, ethereum ICO raised $ 18.4 million funding and the company released its test net under the name of olympic. Cutting it short, in the year 2016, the company released its first stable ethereum that went out on block 1,150,000.

After its stable release, this cryptocurrency got a huge spike in popularity and as of now, it holds the market capitalization of $24.80B. Many people just know about cryptocurrency but ethereum is the second-largest and circulated decentralized cryptocurrency. It’s among the safest and fastest transaction platforms also that is used by many companies and organizations.

Millions of people are diversifying their portfolio in a halal way to grow their capital. If you searching for the best platforms to invest in ethereum, we have researched the best halal brokers all around the world for you. Get started with online crypto trading now.

The difference between ethereum and bitcoin explained

It’s a common perception that both ethereum and bitcoins are the same but technically both share some major differences. The ethereum is a full-fledged open-source technology and its coin value is known as ether. As the bitcoins are bought and sold for the transaction and investment purpose, ether serves the same purpose and it’s potentially competing with BTC.

Ethereum is a ledger tech that organizations used to build new applications and programs. Both the BTC and ETH operates on the blockchain technology stack. However, ethereum is more robust and advanced in terms of performing complex operations. To simplify, if bitcoin was the first version in terms of technology, ethereum is the second and more robust version.

A major part of people purchases ETH for investment purposes and its a good option for that. From the past couple of years, this stock has shown strong signs of growth. As it’s getting advanced, the prices are also surging because of its security.

When compared with BTC, the applications of ethereum technology is more robust and it’s widely acceptable international technology for developing secure payment and other blockchains applications.

Ethereum is completely a halal cryptocurrency as you are using it as a medium of transaction. On the other side, while you perform trading in ethereum, you own a part of that asset that makes it sharia-compliant.

Start trading with halal ethereum brokers

Online trading is the largest growing investment options available today. Muslims are leveraging this opportunity to grow their capital in a sharia-compliant way. As ethereum is a halal to trade, you can start investing in it using a swap-free account.

A swap-free account is a special islamic account in which your broker won’t deduct any money for holding a stock’s position overnight. It gives you the freedom of performing trading in a riba-free way. We at halal trading brokers connect you with the best halal ethereum broker all around the world.

Coming back to halal ethereum trading, many online third-party brokers claim to offer islamic trading but you need to be careful from them. We review numerous online platforms to suggest you the best halal for trading. As a novice, it becomes overwhelming to decide which is the right one to get started. But, you don’t have to worry about it as we have done the complete research for you. All you need to do is just get in touch with us using the contact form and we will help you get started with halal ethereum trading.

Ethereum price prediction: ETH/USD now keeps a strong upsurge as it approaches a value resistance at $1,400

Last updated: 10 january 2021

Ethereum price prediction – january 10
the market trade-worth of ETH/USD has continually to be on appreciation over a couple of days’ trading sessions until now. Initially, the crypto-pair maintained its north-path in bullish channels.

ETH/USD market
key levels:
resistance levels: $1,600, $1,800, $2000
support levels: $1000, $800, $600

ETHUSD – daily chart
as distinctively being depicted by japanese trading candlestick features; the formation of a set of bullish trend has dominated the ETH/USD chart. The two trading SMA indicators are located far below the trading price line. That shows that buying pressures still ongoing. The stochastic oscillators are dipped into the overbought region to consolidate their moves within it. That besides shows that price upsurge isn’t yet weak.

What’s the direction ETH/USD price may follow next?
The current big decimating line for the present ETH/USD market-bulls is at the $1,200 price level. It should serve as support for bulls to safely prolong their high-swinging moves. In that wise, a breach of key resistance at $1,400 will give way to achieving a more appreciative price worth above the market-point mentioned earlier.

Suggesting a resumption of a bearish move in the market of ETH/USD, a sudden and sharp bearish candlestick needs to emerge to engulf about four or five previously-formed bullish candlesticks to have a decent thought of getting a sell-entry point. In the meantime, market-value around $1,400 may witness a series of price convergences or rejections, in return may result in a bullish reversal pattern in a near trading session.

ETH/BTC price analysis
in the recent past, while comparing the market-worth of ethereum with bitcoin’s, the former was intensely under pressure by the latter-crypto’s value. The trading chart also shows that channel trend-lines representing bearish trend came into play. Meanwhile, on january 3, a spike occurred from the lower channel to briefly break past the upper channel trend-line at the B0.030 mark. In the subsequent trading day, the base currency managed to capitalize on it, to trade above the upper channel closer to B0.036 value. The stochastic oscillators are now attempting to cross hair northward below range 80. That signifies that the base currency is on the verge of regaining its strength against the counter trading instrument.

Ethereum plunges to $1,000 following weekend sell-off

ETH/USD rose to highs of $1,352 before sell-off pressure pushed it to a major support level at $1,000

Ethereum (ETH) corrected to the $1,000 support level, losing the upside momentum that had brought bulls so close to a new all-time high. Before correcting, ETH/USD had surged by about 89% since 2 january, reaching highs of $1,352 on bitstamp.

ETH price currently hovers around $1,085 on most exchanges. As seen on coinmarketcap, the second-largest cryptocurrency by market cap is down nearly 20% in the past 24 hours. At the time of writing, ethereum’s market cap has also shrunk by about 17%, from $144 billion to about $125 billion.

But given bitcoin’s dump to lows of $32,000 and subsequent rebound to around $35,000 (as of writing), it appears ETH/USD will follow suit.

On the daily chart, the key price area to watch is $1,065. A daily candle close above this line suggests that bulls will retain the upper hand. On the contrary, failure to keep the support level could see buyers forced to defend the 20-day EMA ($970) and the 50-day EMA ($772).

While the broader correction as witnessed in the crypto sector has most digital assets trading lower for the first time in days, bitcoin’s resilience above $35,000 could see bulls across the market regroup quickly. Ethereum appears to project this outlook on the 4-hour chart.

The 50% fib retracement level offers an immediate support zone at $1,061, while the latest upside attempt is largely capped at the 61.8% fibonacci retracement level ($1,131).

If bulls reclaim support above this minor resistance level, the next move could be a massive jump. The chart suggests the main barrier is at the 76.8% fib retracement level of the swing to $1,352, which provides a barrier at $1,230.

The level is critical as it also mirrors another crucial price level—the 100 hourly simple moving average (100-SMA). This price curve is hugging the $1,227 line to suggest bulls might find strong support if they sustain upward momentum to the area above $1,230.

On the downside, ethereum’s breakdown below $1,000 included a breach of the lower boundary of an ascending parallel channel. The 38.2% fibonacci retracement level of the recent up move to $1,352 provided major support at $991 to prevent a retest of the 100-day EMA line ($984).

The RSI on the 4-hour chart is below 50 and is indicating a negative divergence. If ETH/USD drops below the key support zone at $991-$984, bearish pressure could push it to an initial support zone around $750.

Best cryptocurrency brokers for 2021

Daniel ‘harris’ major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

After trying out most brokers, here are the best cryptocurrency brokers:

Best cryptocurrency brokers (non-US traders only)

Plus500 – top rated trading platform

Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.

Trade cfds on bitcoin & many other cryptos

Minimum deposit is only $100

Regulated and trusted platform

Very fast signup process

Live chat

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Plus500 disclaimer: 76.4% of retail CFD accounts lose money.

IQ option – lowest minimum deposit ($10)

If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

You can trade many cryptocurrencies

Minimum deposit is only $10

Best trading platform

Multiple account currencies

Free demo account

Regulated by CYSEC (#247/14)

Etoro – top crypto broker

Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.

Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.

Trade bitcoin & many other cryptos

Minimum deposit is $200

Regulated and trusted platform

Australian traders are also accepted

Great support team

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Etoro disclaimer: 71% of retail CFD accounts lose money.

Highlow – best all-round crypto broker

Due to regulation highlow stopped accepting traders from the EU and UK.

Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).

I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.

The payouts on highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

Trade bitcoin & other cryptos

Minimum deposit is only $50

Regulated and trusted platform

Fastest signup process (no questionnaires)

Multiple account currencies

Free demo account (no registration needed)

Nadex – US traders welcome

Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.

Only US traders are allowed on nadex. Non-US traders check out the next broker.

Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.

Recently, nadex started offering bitcoin trading.

Trade bitcoin, forex or binary options

Minimum deposit is $250

CFTC regulated broker

Great support team

Many payment methods (even paypal)

Crypto brokers with most cryptocurrencies

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.

Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.

Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.

Lowest minimum deposit brokers

These are the best brokers with low minimum deposit requirements:

Etoro – $200

Plus500 – $100

Avatrade – $100

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

Top rated brokers that have cryptocurrencies

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

Etoro disclaimer: 71% of retail CFD accounts lose money.

You still can’t decide which broker is best for you?

How to choose your cryptocurrency broker

Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Which cryptocurrencies are you interested in trading?

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

Pros and cons of cryptocurrency brokers

Here are some features that these broker have or don’t:
pros

Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading

If you are less tech-savvy then a broker is safer for you

You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method

Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Cryptocurrency brokers – what to look for

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What are the weekend hours like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How is it hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

More great features you could be interested in

Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.

Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Ready to start trading?

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

So, let's see, what we have: don't miss out on the hype! Find the best places to buy ethereum online and compare fees, commissions, promotions and features all in one place! At ethereum brokers