Ethereum is one of the cryptocurrencies that has seen the biggest growth and use in the online casino world. And you are not alone in your desire to invest in the world’s first peer-to-peer computer network. Anyone who understands the technology underlying Ethereum and the potential disruption it may bring in the future is either interested in investing and gambling with it or has already done so.
As with conventional currencies, you may trade with your Ethereum gambling win. You can easily buy and sell Ethereum as values rise and fall. However, the question is where punters can sell their ETH winnings.
This is when cryptocurrency exchange enters the picture. To assist you in getting started as quickly, we’ve included a list below of the 5 finest peer-to-peer crypto platforms to sell your Ethereum gambling wins.. But, before moving any further, kindly check out the best Ethereum casinos in 2021.
The first on our list! Coinbase is the most popular digital exchange – using your local money, you can quickly purchase and sell popular cryptocurrencies such as Bitcoin, Litecoin, and Ethereum.
The platform is geared toward beginners and miners interested in purchasing or selling digital assets. To promote good customer security, the exchange leverages various security techniques, including two-factor authentication, multi vault/wallet, and so on.
Coinbase also offers a vault, which increases security by saving assets offline, requiring several approvals for withdrawals, and giving the customer greater control over their accounts.
- High restrictions
- Simple to use for new users
- With debit/credit cards, an instant purchase is available
- Purchases made by bank transfer may take time
- It may keep track of your purchases
Poloniex is a digital asset exchange that uses complex trading techniques to ensure your transactions are secure.
The technology enables the exchange of any virtual asset stored offline in cold storage, lessening the risk of attacks without impairing trading. It holds your funds solely for you and doesn’t use fractional reserves as banks do.
This means that you can always market or withdraw all of your cash without encountering any quantity restrictions. Poloniex monitors all activities around the clock when it comes to stability. If any suspicious activity is detected, it immediately implements a functional block to prevent events from spiralling out of control.
- High cashflow
- Margin trading is a possibility
- Support is inadequate
- It may not be intuitive for new users
Bitfenix is a cutting-edge exchange platform that offers a leveraged margin of up to 3.3X when trading via the peer-to-peer funding market. What I find more remarkable is that liquidity providers can earn interest on funds they offer to traders. It provides traders with various order types, enabling them to trade intelligently in response to market conditions.
You can even view your positions, orders, and price alerts on the screen with its great graphing features. Bitfinex ensures the highest level of security for its customers by storing and concealing both their user information and cash. As with the other exchanges, Bitfinex stores your cash (about 99.5 percent) in cold storage to guard against online attacks.
- Withdrawal is unlimited.
- Numerous payment methods.
- It is possible to maintain anonymity and privacy.
- Had been hacked in 2016
- The user interface may appear difficult to new users.
Kraken, a great exchange, is designed for experienced traders that engage in day-to-day cryptocurrency trading. Also, it can be just as beneficial for casual traders.
Kraken’s trading engine is fast and fluid, with advanced order types, and it supports margin trading, allowing you to take advantage of long or short market positions. The exchange supports leverage trading up to 5X and includes advanced order types and other features to help you automate your trading approach.
Kraken, like others, is subjected to frequent audits and is aware of the need for digital security. That is why it stores your cryptocurrency in encrypted cold storage to protect them from hacks and thefts.
- Low taker and maker fees
- High cash flow and protection of assets
- Provides evidence of stored assets
- It’s difficult for new users.
- It is not private, as identification is required.
Bittrex is a massive trading platform that offers a premium user experience and facilitates the exchange of over 190 digital currencies. This platform is created for traders that require lightning-fast trade execution based in the United States of America. Not only that, Bittrex, like a select few other exchanges, offers algorithmic trading via third-party and custom yet secure trading bots.
Anyone may enjoy purchasing and selling coins as fast as possible with its intuitive interface, while professional traders can employ algorithmic bots to automate trading through its safe APIs. Bittrex ensures the highest level of security for its consumers by implementing industry-standard techniques such as cold storage and two-factor verification for withdrawals.
- Quick verification procedure.
- Excellent assistance and security.
- There is no margin trading
- At times, liquidity may be limited
There will never be a scarcity of Ethereum exchanges in the near future, and the number will only increase, in my opinion. However, if you want to test out the best exchange and have a hassle-free trading experience, the exchanges listed above are your best bet.
Also, I recommend that you avoid storing all of your cryptocurrency cash in one or more exchanges and instead keep them in your wallet on a safe computer — or, preferably, a paper wallet.