Best Crypto Exchanges for Day Trading (Rated & Reviewed)

One way to make money in the cryptocurrency market is through “Crypto day trading,” which entails purchasing and selling cryptocurrency on the same day. The value of a cryptocurrency asset can rise or fall at any time due to the market’s volatility.

Investors in cryptocurrencies can take advantage of this price fluctuation by purchasing coins at the trade’s low and selling them when their value has risen.

Here’s a list of the 5 best Crypto Exchanges for Day Trading:

Binance

Binance is the most cost-effective Exchange for day trading cryptocurrencies.

Crypto.com

Crypto.com is a world leader. As it works with over a hundred coins, it’s perfect for those who want to buy altcoins.

Coinbase Pro

Coinbase Pro, a subsidiary of Coinbase Global, is a digital currency trading platform targeted at professional traders.

Bybit

Bybit promotes the idea of a unified global economy and what appears to be a swift, safe, and open system for commercial transactions. 

MEXC Global 

MEXC Global has established a presence on three continents by registering in each country’s legal and regulatory systems.

Before starting day trading cryptocurrencies, you need to have the right hardware and software. This means having a good laptop and also open an account on a cryptocurrency exchange. Whether you’re just getting started with cryptocurrency trading or are a seasoned pro, this overview of the best cryptocurrency exchanges will help you select the ideal platform for your requirements.

So let’s take a look.

1. Binance.

Binance is the best crypto exchange for day trading with low commission rates.

You can quickly sign up for Binance without much hassle and start trading. It accepts bank cards and dealings are fast.


Thomas’ Take

Binance is the most cost-effective Exchange for day trading cryptocurrencies. Ever since its 2017 inception, Binance has boasted a flagship commission rate of a mere 0.10% per transaction. You can lower this charge by trading more frequently and for larger monthly sums. Paying in BNB(Binance’s native coin) also results in a 25% savings in commission.

Binance’s US-facing website now supports 60 different digital currencies. A total of over a thousand markets are open to all other countries. In addition, the Binance exchange supports both cryptocurrency and fiat currency deposits. U.S. customers, for instance, can make deposits by the Automated Clearing House (ACH), local bank wire, or through their credit or debit cards

Cryptocurrency deposits are also accepted. Once you’ve financed your Binance account, you’ll have the option of using either the standard or advanced interface. Those are just getting their feet wet in cryptocurrency day trading will find the basic platform to be the most user-friendly. 

PROS:

  • Simple and quick sign-up procedure.
  • Acceptance of bank cards
  • Funds Deposited at No Cost to You
  • Lightning-fast financial dealings

CONS

  • High costs of withdrawing money
  • In the past, hackers were able to breach Exchange.
  • The United States does not have access to the primary site.

Best For

Low Commission Rates

Price

FREE or Upgrade to premium

Ease of use

Easy to use

Free Trial

Yes

Our second option is:

2. Crypto.com.

Crypto.com is a secure platform for everyone who wants to win big profits.


Thomas’ Take

When it comes to cryptocurrency trading platforms, Crypto.com is a world leader. As it works with over a hundred coins, it’s perfect for those who want to buy altcoins before the rest of the world. 

Furthermore, Crypto.com has several exclusive features that no cryptocurrency trading platform provides. For example, users can profit from options and futures trading, stake their coins to increase their value, and utilize up to 10x leverage on trades when they are sure of a coin’s value.

Crypto.com has put a lot of resources into protecting its trading platform, so you can feel confident using its services. In addition, the Exchange is extremely responsive, with price updates occurring many times per second. As a result, it provides day traders with a significant advantage.

PROS

  • Users with large balances in CRO can take advantage of reduced trading fees.
  • Buy cryptocurrency with up to an 8% discount at Crypto.com. Those with sizable amounts in CRO can make purchases with their Visa debit cards.
  • There is some margin trading, but just a tiny amount.
  • A very high standard for security.

CONS

  • Trading fees are higher for lower volume trades.

Best For

Best for Buying Cryptocurrencies

Price

FREE or Upgrade to premium

Ease of use

Simple to use

Free Trial

Yes

3. Coinbase Pro.

Coinbase Pro is a digital currency trading platform targeted at professional traders.


Thomas’ Take

Formerly known by its acronym, GDAX, Coinbase is now one of the most popular bitcoin exchanges. Coinbase Pro, a subsidiary of Coinbase Global, is a digital currency trading platform targeted at professional traders. The platform has over 130 different cryptocurrencies available for trading and lower costs than Coinbase.

Coinbase Pro, an upgraded version of the original Coinbase exchange, features enhanced security, more liquidity, and a user-friendly interface. With Coinbase Pro, expert and retail traders can take advantage of various high-volume, sophisticated trading options. In addition, because it offers trading in more than 40 different currency pairs, it is a popular option for large investment firms.

PROS

  • A simple U.I
  • Trading costs can be reduced as volume increases
  • Powerful safety measures
  • Superior Trading Capabilities

CONS

  • Consistently fast support isn’t always the case
  • It is not a platform for novices
  • Costs that are significantly higher than those of competing services
  • Just 2 chart overlays and indications

Best For

Simple User Interface

Price

Free trial

Ease of Use

Easy to use

Free Trial

Yes

.

4.  Bybit.

Bybit is a cryptocurrency derivative exchange platform.


Thomas’ Take

In 2018, Bybit was founded, and it has quickly grown to become a leading cryptocurrency derivatives exchange. A group of people well-versed in investment banking and the foreign exchange market created the company. Bybit is headquartered in Singapore, with the company registered within the British Virgin Islands. It promotes the idea of a unified global economy and what appears to be a swift, safe, and open system for commercial transactions. 

It has started down the path of creating the next-generation financial ecosystem supported by cutting-edge blockchain technology. Bybit has over 1.6 million users worldwide, including professional and retail clients, and the company is always looking for new ways to improve its service.

PROS

  • A new user does not have to go through KYC checks. Opening a trading account is simple.
  • Traders can access the platform through a desktop computer or a mobile app.
  • Bybit offers a high degree of leverage, low trading fees, and a generous market maker rebate.
  • Backed by a solid insurance fund that can help lessen the blow and pay for any damage that does occur.
  • Very generous bonuses.
  • Compared to similar marketplaces, Bybit’s fees are one of the lowest.

CONS

  • There is no way to verify trading volume data for accuracy independently.
  • Americans are prohibited from participating in trade.
  • Insufficient regulations.
  • There is a restricted number of possible pairings.

Best For

Opening a trading account is easy

Price

No fee

Interface

Medium Easy

Free Trial

Yes

5. MEXC Global

Best high-performance trading platform for traders across the globe.


Thomas’ Take

MEXC Global was established in 2018 and is now widely recognized as the premier high-performance and super-matching technology exchange. MEXC Global’s staff members are leaders in the fields of finance and blockchain technology. It currently serves over 6 million consumers in more than seventy countries.

With its high-performance trading platform built by banking industry professionals, MEXC Global achieves record-breaking efficiency and performance. The Exchange processes 1.4 million transactions every second.

MEXC Global places a premium on user safety. Thus they distribute their servers across many countries for redundancy and to prevent any single point of failure from jeopardizing the security of customer data.

PROS

  • There are currently over 1,520 different cryptocurrencies to choose from.
  • Many distinct marketplaces for commercial Exchange.
  • Several digital currencies support staking.
  • Allows for trading with leverage of up to 125x
  • Has a smartphone application.

CONS

  • Unable to withdraw MEXC funds in fiat currency
  • There is only a small selection of cryptocurrencies readily available for purchase.

Best For

Commercial Cryptocurrency Exchange

Price

Depends on Transaction amount

Interface

Super easy

Free Trial

Yes

Final Thoughts on Best Crypto Exchanges for Day Trading

With so many options, choosing which cryptocurrency exchange is best suited for day trading might be challenging.

However, if you look through this compilation of the top day-trading exchanges, you will have a better chance of zeroing in on the ideal platform.

If you are not very experienced in Crypto trading check out the best Crypto Podcasts available right now.

Thomas Raynott

Thomas Raynott

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