8 Top Crypto Exchange Platforms For Day Trading

Last updated on December 9th, 2024 at 10:29 am

Are you looking for some of the top crypto exchange platforms for day trading?

Look no further! We’ll be considering 8 top crypto exchange platforms for day trading in this article.

A lot of traders are worried about the best exchanges they can use for day trading that support multiple digital assets, high trading volume, high volatility, and strong security to maximize profits.


Day trading is a means where a trader buys and sells crypto assets within the same day to gain profit upon price movement.

Strategies For Crypto Day Trading

Given the volatility of the crypto industry, a trader must come up with strategies to manage risk on day trading while exploring opportunities. To succeed in day trading, a trader needs to combine technical analysis and decision-making in the fast-evolving crypto space. We’ll dive into some game plans for successful crypto day trading:

• Evaluation of Risk Tolerance: A well-thought-out risk tolerance is important considering the volatility of the crypto space. Traders should use a stop loss at a specified level of loss to protect investment.
• Setting Goals: traders should set goals and advanced plans to exit trade at a given period.
• Employ Mechanism: Traders need to use technical approaches such as taking or limiting orders to secure profits while maintaining trading discipline.

How To Choose Exchange For Day Trading

Here are some factors to consider while choosing an exchange for day trading:

• Low Fees: users should consider exchanges with low fees for their various day trading.
• High Liquidity: users should go for platforms that have high trading volume and multiple digital assets for faster trading.
• Automated Trading Tools: platforms with trading bots help with efficiency in day trading based on the rules and indicators.
• Security: It’s important to pick a platform with a good reputation for security and customer support.

Top Exchange Platforms For Day Trading

It’s important that the traders are armed with the right skill set and risk management in order to succeed in day trading.

Bybit

Bybit is a top cryptocurrency exchange that’s suitable for day trading with super fast speed and is capable of doing 100,000 transactions in seconds. It has robust security and a dual price mechanism that helps traders from market manipulation. Data and assets are stored on offline cold storage.

This exchange is available in over 160+ countries, and it offers 100x leverage for perpetual contracts and futures while 10x for margin trading.

Binance

Binance is the world’s largest crypto exchange with wider acceptance across the globe. According to Coinmarketcap, Binance has a daily trading volume of $76 billion and 90 million customers. This exchange through SAFU reimburses users if the exchange crashes or is attacked by hackers, and it supports over 350 cryptocurrencies.

Kraken

Kraken is a top exchange choice for daily trading with attractive low fees and high liquidity. Kraken fees vary, but the instant buy feature charges flat fees of 1.5%. This exchange also offers advanced traders Kraken Pro with chart tools and asset details for trading.

This exchange was founded in 2011 by Jesse Powell and supports over 100 crypto assets and 7 fiat currencies through a user-friendly interface. It also secures user’s assets through multi-factor authentication and cold storage for robust offline security.

Coinbase

Coinbase Exchange is a top US-based exchange for traders to buy and sell crypto assets. This exchange supports over 150 crypto assets with maker fees of 0.00%-0.40% and 0.05%-0.60% for taker fees.

This exchange was co-founded by Brian Armstrong and Fred Ehrsam. Coinbase Pro allows users to access up to 3x leveraged USD-quoted books. Coinbase offers users enhanced security through 2FA and cold storage to store digital assets.

MEXC

MEXC is a leading crypto exchange founded by innovative and enterprising Ryder Junji and has rapidly gained traction with 5% of the global digital asset trading market. MEXC supports over 10 million users in more than 170 countries across the globe. This exchange has the groundbreaking capability of completing 1.4 million transactions per second.

MEXC offers attractive low trading fees of 0% for both makers and takers and charting tools for advanced traders to analyze detailed asset information.

Phemex

Phemex is a top Singaporean centralized exchange that was established in 2019 by Jack Tao. Phemex supports 294 coins and 303 trading pairs with a daily trading volume of $161 million. It serves over 5 million users across 200 countries and supports 150 trading pairs with up to 100x leverage. Phemex offers a 0.1% fee for both makers and takers and contract fees of 0.01% for makers and 0.06% for takers, with up to a $100 welcome bonus for new users.

OKX

OKX is a Seychelles-based incorporated exchange that offers trading services such as spot and derivatives trading to over 200 countries. OKX supports over 350 cryptocurrencies and 500 trading pairs. It also offers users low trading fees of 0.10%. It offers margin trading with leverage of up to 10x, while derivatives include future trading and perpetual swaps with up to 125x leverage.

Gate.io

Gate.io is a top exchange platform that offers users tools such as indicators, charts, and signals to maximize daily trading. Gate.io supports spot, margin, and future trading. It uses cold storage, SSL, 2FA, and anti-DDOS to secure users funds.

Conclusion

When choosing the best crypto exchange for day trading, you need to consider all these factors to make the right decision. This article is for informational and educational purposes only.

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