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Looking for the Best Crypto Exchange For Day Trading? For Day traders, optimizing for quick trades and fees with minimal slippage is essential. Check out the top crypto platforms that are ideal for day trading crypto.
Exchange | Fees | Available Crypto | Maximum Leverage | Available Countries | Rating | |
---|---|---|---|---|---|---|
Maker fee: 0.08%; Taker fee: 0.1% | 350+ | 100x | 100+ | 5 | Visit | |
Maker Fees: 0.1%; Taker Fees: 0.1% | 1,700+ | 100x | 200+ | 4.7 | Visit | |
Maker fee: 0.02%; Taker fee: 0.05% | 400+ | 125x | 100+ | 4.5 | Visit | |
Maker fee: 4.5%; Taker fee: 4.5% | 248 | 10x | 100+ | 4.2 | Visit | |
Maker fee: 0.1%; Taker fee: 0.1% | 100+ | 200x | 100+ | 4 | Visit | |
Maker fee: 1%; Taker fee: 1% | 21 | 30x | 76 | 4 | Visit | |
Maker fee: 0.1%; Taker fee: 0.1% | 908 | 100x | 200+ | 3.9 | Visit | |
Maker fee: 0.1%; Taker fee: 0.1% | 100+ | 125x | 185+ | 4.9 | Visit | |
Maker fee: 0.75%; Taker fee: 0.075% | 250+ | 100x | 100+ | 4 | Visit | |
Maker fee: 0.01%; Taker fee: 0.06% | 350 | 100x | 100+ | 3.8 | Visit | |
Maker fee: 0.02%; Taker fee: 0.05% | 262 | 50x | 150+ | 3.5 | Visit | |
0% for makers and 0.1% for takers | 1100+ | 200x | 170+ | 3.5 | Visit |
OKX:Best day trading crypto exchange with low fee and efficient trade execution; It also offers diverse assets to trade in and supports copy trading and bots
Bitget:A comprehensive crypto exchange for high volume Day Trading and known for strong security measures; Ensures convenience for experts with higher leverage support
Gate.io:One of the best options for day trading with 1,700+ tradable coins, including margin trading with up to 100x leverage. It comes with advanced security protocols and a user-friendly interface, which is ideal for the active traders.
Binance:The ultimate day trading exchange platform with good market depth and advanced order types; It also balances well between higher leverage and lower fees for the traders
Coinbase:Crypto trading platform ensuring user-friendly interface and higher liquidity for the day traders; it is also preferable beginners as the interface is easy to navigate user-friendly interface.
ByBit:Well-known for its rapid order-matching engine and user-friendly interface with an active and dedicated trading community
eToro:Crypto exchange to elevate the day trading experience, offering copy and social trading features, thus considered another ideal platform to start with for beginners
KuCoin:A one-stop crypto exchange for traders looking to automate their daily trades with inbuilt trading bots; balances ideally between low fees, high liquidity, and personalized bots
Crypto.com:An ideal platform for traders who want to day trade their cryptocurrencies from anywhere and spend them easily with an integrated debit card.
Phemex:A beginner-friendly crypto exchange with a user-friendly interface and fast order execution rate; ideal for expert traders seeking higher liquidity and advanced trading tools
Kraken:Best crypto exchange for day traders looking for low average cost per trade; it comes with a beginner-friendly interface and the Pro version offers advanced trading tools too
MEXC:A crypto exchange as a gateway to cost-effective crypto day trading with higher leverage and competitive fees
For day traders in search of the perfect platform for their trading activities, we review the best crypto exchanges for day trading. We consider factors relevant to day traders and base our selections on how these exchanges perform according to these parameters.
OKX’s low trading fees and high fees make it a solid choice for day trading. OKX offers crypto trading services to investors in over 100 countries around the world. With fees as low as 0.08% for makers and 0.1% for takers, it offers traders a platform to run their trading activities and worry less about losing profits to fees.
It is used by millions of traders and market makers around the world and this contributes to the platform’s high liquidity. In addition to the high leverage allowance, the demo account to practice trading makes it the best crypto exchange for paper trading with margin trading.
The OKX trading app is available for mobile devices, allowing traders to trade conveniently from their devices. You can also integrate your trading bot into your OKX trading account.
Fee | Maker fee: 0.08%; Taker fee: 0.1% |
Supported Crypto | 350+ |
Maximum Leverage | 200x |
Available Countries | 100+ |
If you intend to trade several cryptocurrencies as part of your day trading operation, then Gate.io might be the best option for you. Gate.io scores high in terms of the availability of crypto assets. Over 2,000 cryptocurrencies are listed on the platform, it supports the highest number of cryptocurrencies and allows leverage of up to 100X for leverage traders for margin trading.
Gate.io also offers a relatively competitive fee structure, as low as 0.02% for makers and 0.05% for takers on its futures trading platform. Spot traders are charged 0.1% per trade. Gate.io is also richly liquid and saves users losses due to high slippage. Gate.io also supports over 19 fiat currencies and enables users to trade cryptocurrencies using their traditional currencies.
Fee | Maker Fees: 0.1% for spot trading and 0.02% for futures trading; Taker Fees: 0.1% for spot trading and 0.05% for futures trading |
Supported Crypto | 1700+ |
Maximum Leverage | 100x |
Available Countries | 200+ |
Binance exchange is arguably one of the best platforms for day traders in Europe and other regions. It is the largest crypto exchange in terms of daily trading volume. Over 400 crypto assets are listed on the platform and at least $10 Billion worth of crypto assets are traded on the platform daily.
Binance’s high liquidity and low fees support day trading ventures. Traders pay as little as 0.02% in fees for spot trades. Binance also allows up to 125X leverage for leverage traders and offers additional privileges for experienced traders. With the perfect blend of features and competitive fees, Binance is a top low-fee crypto exchange for day traders.
It also supports about 10 Fiat currencies and on-ramp trading. Binance’s interface is also comprehensive enough to enable newbies and experienced traders to run their trading activities easily.
Fee | Starting at 0.57% |
Supported Crypto | 400+ |
Maximum Leverage | 125x |
Available Countries | 100+ |
Coinbase’s compliance with financial regulations in the American region makes it a reliable platform for day traders. The platform is also richly liquid with a daily trading volume of over $1.7 Billion. Coinbase, however, charges up to 4.5% in fees for spot trading and just 10X leverage for leverage traders.
Its reputation as the premium trading platform for traders in the American region positions it as a good crypto exchange for beginners.
In addition to regular crypto trading, Coinbase Exchange also offers extra financial services like self-custody of crypto assets via the Coinbase Wallet and passive income opportunities for users of the platform.
Fee | 0.5% to 4.5% |
Supported Crypto | 248 |
Maximum Leverage | 10x |
Available Countries | 100+ |
Bybit is one of the best platforms for day trading due to its high liquidity and availability of several crypto assets. Bybit supports over 600 cryptocurrencies. Daily trading volume on the platform is over $3 Billion. With the high liquidity, day traders are unlikely to face losses due to high slippage. Trading fees are as low as 0.1% for takers and makers. Bybit also allows up to 200X leverage for leverage traders. These features make it a solid choice for crypto day trading. Bybit also supports up to 5 Fiat currencies, including the USD and GBP.
Fee | 0.1% for non-VIP traders, lower for VIPs |
Supported Crypto | 100+ |
Maximum Leverage | 200x |
Available Countries | 100+ |
eToro is a good choice for day trading if you wish to trade crypto assets alongside other traditional assets. eToro is originally a platform for trading traditional assets, however, it supports up to 30 crypto assets. mainstream investors who wish to dive into the crypto space can leverage the platform to day trade cryptocurrencies.
eToro is only available in about 75 countries and charges up to 1% in trading fees. It is still a solid choice for day trading cryptocurrencies with up to 30X leverage for leverage traders. eToro is also the best Bitcoin CFD Provider with support for a wide range of assets.
Fee | 1% |
Supported Crypto | 21 |
Maximum Leverage | 30x |
Available Countries | 76 |
Kucoin supports over 1200 cryptocurrencies, making it an ideal crypto day trading platform. It is a good platform for day trading cryptocurrencies due to its wide support for crypto assets and relatively low trading fees (0.1% for makers and takers).
Kucoin is available in over 200 countries and supports over 45 fiat currencies. It allows up to 100X leverage for leverage traders.
Fee | 0.1% |
Supported Crypto | 908 |
Maximum Leverage | 100x |
Available Countries | 200+ |
At least $1.5 Billion worth of crypto assets are traded daily on Bitget, making it one of the best crypto exchange for day trading. The platform has a competitive fee structure for both takers and makers and supports over 800 crypto assets. Bitget is sufficiently liquid for routine purchase and sale of crypto assets. users can also integrate their day trading bots to aid their trades with margin trading.
The leverage level on the platform is up to 125X. Bitget is also designed with an intuitive interface that makes it easier for beginners and experienced day traders to use the platform. Bitget is available in over 185 countries worldwide.
Fee | Maker fee: 0.02% to 0.1%; Taker fee: 0.06% to 0.1% |
Supported Crypto | 100+ |
Maximum Leverage | 125x |
Available Countries | 185+ |
Thanks to its low fees and support for several crypto assets, Crypto.com is a good platform for day trading. It charges as low as 0.05% for takers and 0.75% for makers. Crypto.com supports over 360 cryptocurrencies and is available for traders in over 100 countries worldwide. It is also a solid option for day traders in the US region. Leverage traders can use up to 100X leverage while day trading on the crypto.com derivatives platform. Crypto.com also offers additional financial services like crypto credit cards, passive income programs, and on-ramp trading with support for the USD and EUR fiats.
Fee | 0.5% |
Supported Crypto | 250+ |
Maximum Leverage | 100x |
Available Countries | 100+ |
In terms of trading fees, Phemex is one of the best crypto day trading platform. It charges only 0.01% of the traded volume for makers and 0.06% for takers. Phemex also supports over 350 crypto assets and allows up to 100X leverage for leverage traders.
However, with an average daily trading volume of just over $92 Million, liquidity on the trading platform could be lower than in many other platforms. Phemex is available for traders in over 100 countries worldwide.
Fee | Maker fee: 0.018% to 0.1%; Taker fee: 0.055% to 0.1% |
Supported Crypto | 350+ |
Maximum Leverage | 100x |
Available Countries | 100+ |
Kraken offers low trading fees and sufficient liquidity for traders. It is a solid choice for day trading due to its high liquidity and compliance with financial regulations, especially in the American region. Day traders on the platform worry less about high slippage due to low liquidity.
It supports over 250 crypto assets and is available in over 150 countries in the UK, US, and American regions. Kraken supports up to 5 fiat currencies, including the USD and GBP.
Fee | 0% to 4% |
Supported Crypto | 262 |
Maximum Leverage | 50x |
Available Countries | 150+ |
MEXC’s support for several digital assets and considerably low trading fee structure make it a good choice for day trading. MEXC charges 0.1% of the traded amount for takers and zero fees for makers. With up to 200x leverage, MEXC is also the best crypto leverage trading platform for most users.
With a reported daily trading feed of over $1.5 Billion, the platform is also sufficiently liquid for concurrent trading. MEXC is available in over 100 countries worldwide and supports over 14 fiat currencies. Day traders can connect trading bots to their accounts to assist in their trading.
Fee | 0% for makers and 0.1% for takers |
Supported Crypto | 1100+ |
Maximum Leverage | 200x |
Available Countries | 170+ |
Day trading is the act of buying and selling (trading) assets within the same day. It is not like traditional investing, as the day traders focus on short-term price movements here. They often pay less attention to the long-term potential of the assets they trade but focus on instant movements.
While day trading is a common concept for both crypto and stocks, there are some differences that one must be aware of before getting started, to ensure informed decision-making along with more profit accumulation. Here are the key differences between crypto day trading and stock day trading:
Factor | Crypto Day Trading | Stock Day Trading |
Market Hours And Accessibility | Crypto markets never sleep. Thus, they offer the traders round-the-clock trading. | The stock market follows a schedule of a few-hour span during the day when trading is open. |
Market Volatility | Crypto market is highly volatile. | Stock market has a steadier price movement. |
Risk And Rewards | There are more risks with high volatility, but the crypto market also comes with high rewards. | The steadier stock market has a steady reward rate. |
Liquidity | They have lower liquidity compared to stocks. | Stock markets are the top players in terms of liquidity. |
Regulations | Crypto is decentralized and doesn’t follow many regulations, assuring more freedom. | The stock market plays by the regulatory compliance, assuring more safety. |
Crypto-day trading strategies require a tailored approach for success depending on market trends. Here are some most effective trading strategies for crypto day traders and high volume traders:
Scalping is a trading strategy that helps day traders take profits from small price changes within shorter periods. It involves making quick and small profits by executing multiple trades within a single day. Traders make the buy/sell orders within seconds/minutes of price fluctuations.
Crypto markets are volatile. This strategy involves predicting price movements using options. Traders must understand the factors affecting volatility, including dividends, risk-free interest rates, and option expiration. This can help make more informed trading decisions.
As is evident, there exist numerous best crypto exchanges for day trading. There exist some price differences in these exchanges, opening opportunities to profit. Traders can buy an asset from one exchange at a lower price and sell at another for a higher price. This can also be automated for better profits.
This requires the art of identifying ranges for an asset’s price. This can be used by traders to benefit from short-term price movements. For better results, trading bots can also be used to automate trades within the identified ranges.
It is one of the advanced trading strategies. This also involves capitalizing on minuscule price changes by executing a large number of trades within shorter periods. It involves leveraging complex algorithms to execute a large number of traders. The algorithms also ensure quicker trade execution.
It is a long-term strategy that is efficient in managing risk. It involves adjusting asset allocations to align with changing market trends and risk tolerance. An effective portfolio management strategy is essential for every type of trader.
To choose the best crypto exchange for day trading, consider the following factors:
Consider how much the chosen crypto exchanges charge on various trades and compare and contrast them to find the most suitable option. Also, the crypto exchanges offering discounts based on trading volume might come in handy for you with added cost-saving and enhanced profit.
Low slippage is key for day traders, saving in moments when you make a move but the market movements don’t catch as expected. Thus, choosing the best crypto exchange for day trading with low slippage and high liquidity is recommended. This helps ensure that you are executing trades without a setback.
Time is money, and day trading demands efficiency. Thus, it is recommended, like other jobs, to leverage automation and automated tools. The best crypto trading bots can limit and stop orders, choose your priorities and select the best crypto exchange for day trading that caters to your needs.
Some crypto exchanges, such as OKX, also have inbuilt trading bots that cover most basic use cases.
Variety is a recommended choice in the crypto space. Thus, the chosen crypto exchange for day trading must support a diverse range of digital assets, including altcoins. It ensures you have options and can best analyze the most suitable and trustworthy projects.
Make sure that your chosen crypto exchange operates in your country. Several regulatory uncertainties hit these digital assets. Thus, this constant check helps ensure easier deposits and withdrawals.
A secure trading environment is non-negotiable when such valuable assets and wealth are at stake. Thus, you must choose the best crypto exchange for day trading with solid security measures to trade with peace of mind.
Taxation for crypto day trading varies from country to country. For crypto day traders, profits are often the key earnings on their income statements. This means they must follow trading rules and deal with the taxman’s scrutiny of their earnings based on their residential country. Regulatory compliance is essential for all traders.
Based on our analysis of the reviewed platforms, OKX, Binance, KuCoin, and MEXC are some of the best crypto exchanges for day trading. These crypto exchanges support a wide range of assets and offer lower fees, making them attractive to advanced traders. They also provide extensive leverage options, accommodating both beginners and experienced traders. Additionally, they offer comprehensive learning resources to enhance the trading experience, making them ideal choices for day trading.
While the crypto exchanges listed here are the best for day traders, they might not be ideal for others. Consider exploring other centralized crypto exchangess if you’re interested in expanding your trading beyond day trading.
Due to their low fees and high liquidity, top day trading crypto platforms like Binance, MeXC, and Kraken are some of the best crypto exchange for day trading. Day trading involves the purchase and sale of an asset within 24 hours. It exploits the rapid changes in the value of assets.
Based on our analysis of the reviewed platforms, OKX, Binance, KuCoin, and MEXC are some of the best crypto exchanges for day trading. These crypto exchanges support a wide range of assets and offer lower fees, making them attractive to advanced traders. They also provide extensive leverage options, accommodating both beginners and experienced traders. Additionally, they offer comprehensive learning resources to enhance the trading experience, making them ideal choices for day trading.
Yes, day trading cryptocurrencies can be immensely profitable. However, the profitability of crypto day trading depends on the traders’ skills and trading strategies.
Yes, day trading crypto is legal in most countries, including the US. However, you must also remember that the profit made from day trading is often taxable in most jurisdictions.
Many platforms such as OKX and Binance offer automation tools such and trading bots. They empower user accounts to automate various aspects of day trading activities. These tools also streamline processes and enhance execution speed, enabling traders to implement their strategies efficiently.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..