Best Crypto Trading Platform For Day Trading – Welcome to our guide to the best crypto exchanges for day trading. As active traders, we know the importance of finding a reliable and efficient platform to transact quickly.
In this article, we will share our top picks and personal experiences of the best crypto trading platforms. All of them are very suitable for day trading, and not so much for beginners who want to buy and hold crypto. Let’s begin.
Best Crypto Trading Platform For Day Trading
Bybit is one of the more interesting platforms we came across while compiling this list. In keeping with the decentralized nature of crypto, ByBit allows users to trade without submitting KYC documents, so you can remain anonymous. Not only is this a great option for those who want to maintain complete privacy while trading, it also simplifies the registration process. When registering for the first time, all you have to do is provide your email address, enter your password, and then enter the six-digit PIN you received in the email. Seconds later, we can make a deposit and start trading.
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Bybit is the best site for day trading because of its reliability: it has 99.99% system efficiency, deep liquidity and fast trading speed of 100,000 transactions per second. This means you can focus on making the right trading decisions all day and not worry about whether the site can handle all the traffic. Bybit has over 10 million subscribers, so you know they’re doing it right.
If you are a new trader, you may be confused by everything on offer. However, if you are looking at day trading, you probably have some crypto trading experience, so this shouldn’t be a problem. Bybit has many markets available such as spot trading, profit trading and derivatives trading, with more than 280+ currencies on offer.
Commissions are low and only 0.1% for spot trading and 0.01 / 0.06% (maker/taker) for derivative trading. If you are a high volume trader, you can further reduce your commission based on your trading volume in the last 30 days. You may be interested in the Bybit VIP program where you can participate in VIP events and campaigns, as well as claim up to $30,000 in bonuses if you meet the deposit and trading requirements in the Bybit Rewards Hub. Sign in here to access this offer and $5 Free Bitcoin
The reason we put ByBit on the list of best crypto exchanges for day trading is the combination of trading reliability and ease of registration.
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For example, ultra-low fees and a minimum deposit of just $1 allow expert traders to evaluate the platform properly before committing. It helps new traders to try crypto day trading before getting serious about it.
In addition, ByBit allows opening short and long transactions in different levers at the same time, in the same contract.
MEXC Global is #2 on our list and the best crypto day trading exchange for US residents, as Bybit is not available in the US. MEXC has many factors that make it a great exchange to day trade.
First, there are over 1,520+ cryptocurrencies available for trading, which is an impressive number, more than any other exchange we tested. There are also more than 2,110 trading pairs, which can be traded in different ways, for example spot trading, spread trading and futures trading.
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We found the lowest fees compared to day trading exchanges. If you want to trade as a market maker, there are no trading fees for spot trading or futures trading! If you take markets, spot trading fees are only 0.1% and futures trading fees are only 0.03%. If you sign up using this link you can also take advantage of 10% commission, plus $30 USD free.
Another strength of MEXC is that it has the highest liquidity among the leading crypto exchanges. It has more than twice the liquidity of its closest competitor BitGate, and nearly 10 times the liquidity of crypto giants such as Bybit, Binance, Huobi and OKX. This means that your larger orders are more likely to be filled, which is very important when you are a day trader, benefiting from small price changes.
If you are learning about crypto trading, we recommend you take a look at our free crypto trading course for beginners. This is a 9-lesson course where you quickly learn how to trade by doing technical analysis and looking for chart patterns. There are many screenshots of MEXC trading accounts so that you can follow them easily after registering with MEXC. You will be a professional crypto trader in no time!
The reason we put MEXC Global on our list is because of how thorough it is. If you are looking for a hassle-free crypto trading platform with low fees, multiple currencies and many trading features, MEXC is a strong consideration.
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With high liquidity, you’ll see orders executed quickly and with so many coins available, you’re sure to find a market to profit from day trading.
KuCoin is an all-in-one crypto platform that is a solid choice for day traders, and here’s why. For starters, the site is reliable and intuitive. We do not face any problem during registration, deposit, trading or withdrawal. The trading user interface is more beginner-friendly than other options on our list, as it is well-organized, but still has all the features you would expect from a day trading exchange.
KuCoin offers over 700 cryptocurrencies to trade, which is more diverse than many crypto exchanges. There are also different markets, such as spot trading, spread trading and derivatives trading. The fee is only 0.02 / 0.06% for futures trading and 0.1% for spot trading, which can be reduced by 20% if you pay the fee using KCS (KuCoin Native Token).
One of the features that makes KuCoin popular among its 20 million users is the free trading bot included in the platform. If you are interested in day trading, you will know how important it is to constantly watch the charts. However, there will be times when you are busy, or just sleeping, and cannot monitor the price chart. This is where the KuCoin bot comes into play. You can set parameters for the bot to trade when certain criteria are met, so you don’t miss any profitable trades. This is another great tool that day traders can use to maximize their profits.
Factors That Affect Daily Trades
The reason why KuCoin earned a spot on the list of best crypto exchanges for day trading is a combination of factors.
One of the most obvious features is the intuitive trading interface, 700+ cryptocurrencies and low trading fees. Also, you have free trading bot access as well as the option to earn interest in crypto while holding or lending crypto on the platform.
Margex is one of the most trusted daily crypto exchanges With a Trustpilot score of 4.5 / 5 stars, we wonder why it’s rated so highly. From our research, we found that Margax holds 100% of its assets in offline cold storage, which is higher than other exchanges that typically only store 95-97% offline. In addition, Margex has real-time monitoring and alerts, as well as an access segregation system to prevent employee fraud. Finally, Margax has an intelligent system to detect suspicious trading activities and prevent price manipulation, which is not available on other day trading exchanges.
Before we continue, note that this exchange specializes in margin trading, which offers a high-risk, high-risk day trading style. A spot trading feature has been developed, but spread trading is the only available trading option at the time of writing. We do not recommend margin trading for new traders as it is very risky and you can easily lose your investment amount. If not, how has our experience been with the platform?
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We found Margx’s crypto trading pairs with high leverage (up to 100x) and low fees – 0.019% for makers and 0.060% for takers – perfect for day trading. The main weakness of Margex is the limited cryptocurrencies offered, with only 13 available. While one day traders want to diversify and trade other markets, for others, they don’t mind trading only the most popular and liquid currencies.
If you want to use Margx, sign up using the exclusive link to claim $100 + 15% bonus on your first deposit as a bonus.
Margex is on the list mainly because of the security it offers day traders and 100x leverage for margin trading. Unlike other day trading exchanges, they have measures in place to protect day traders (such as prevention of price manipulation), giving you peace of mind. Profitable trading is not for everyone, but for experienced traders who make the right decisions, you can quickly double your profits.
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