The 5 Best Crypto Exchanges for Day Trading (2024) Review

December, 14th 2023

Best Crypto Exchanges for Day Trading are very useful for daytime traders who love to trade during the day instead of all night. Choosing a cryptocurrency exchange is often the foremost step investors take when exploring digital asset. While there are many ways to exchange cryptocurrencies with each other, centralized exchanges offer a relatively easy way to transform cash into coins and tokens.

You can choose from many exchanges, some of which have a longer track record than others. When comparing exchanges, investors can see fees, cryptocurrency selection, advanced trading options, customer service offerings, and more. However, it is also important to pay attention to some points.

Some stock brokers also offer crypto exchanges (described below as "online broker recommendations"), but crypto trading is not subject to investor protection as would be gained with traditional investments. U.S. Securities Investor Protection Corporation insurance does not apply to cryptocurrencies, so it could lose its investment if an exchange goes bust (as in FTX in fall 2022). For this reason, some users prefer not to store their assets on the exchange unless they actively trade. In many cases, you can use your crypto wallet to store, trade, and transact with your cryptocurrency.

What is Crypto Day Trading?

Before moving to the best crypto exchanges for day trading, knowing what day trading is necessary, traders today are good at quick entry and exit to the market, and the coin price volatility has become quite favorable for them.

In a day trading strategy for cryptocurrencies, you take a position and sell it on the same trading day. This is sometimes referred to as "day trading," meaning that trading begins and ends on the same day.

Profiting from the minute changes in the market is the sole purpose of cryptocurrency day trading. Due to the high flexibility of cryptocurrencies, day trading in demand is very advantageous. By comparison, even in a typical stock or commodity, it is rare to see a 10% increase in value in a day. In the cryptocurrency world, such jumps are common. Like other cryptocurrency trading methods, day trading means more than just speculation.

Why do we have a day trade of cryptocurrencies?

The main motivation for day trading cryptocurrencies is money making. Since the value of cryptocurrencies is more volatile than other asset classes, traders familiar with the market can take advantage of this. Best crypto trading exchanges for day trading are very useful in this situation.

If you can understand the pattern and have a healthy day trading strategy for cryptocurrencies, the cryptocurrency market may be beneficial for you.

Another benefit of day trading cryptocurrencies is that they can benefit in the short term. In contrast to buying, holding, and holding for a long time, you can make a day trade quickly and profit from the market.

Best Crypto Exchanges for Day Trading Binance

It is at the top of the list of our best crypto exchanges for day trading. Binance is a regular OTC trading platform that deals with many crypto tokens and coins. You can use custom APIs to connect other trading applications to Binance. The minimum deposit of this crypto exchange is low and guarantees a convenient interface. It has other crypto markets such as DeFi, Margin, dApps, and NFTs.

Crypto-day trading exchanges offer low spreads, which are essential for frequent trading. Crypto-day traders can get a discount on their trading fees when trading BNB tokens. On Binance, you can earn revenue from crypto assets through stablecoins.

Also, day traders can borrow stakes in futures, margin, and spot trades. It is the best crypto exchange for partial liquidation and flexible repayment. You can also make use of dual investment trading to get higher rewards. The exchange's low fees help maximize profits, and you can trade Bitcoin for free on Binance.

Features

Binance Feed Offers Latest Crypto News from Influencers And Mainstream Media.
You can access the Binance community, interact with other traders, and learn about crypto.
Binance rewards your idol tokens.
There are various payment methods to fund your crypto account.
Use Binance NFTs to explore Phantokens, IGOs, and rare mystery boxes.
Crypto day traders can earn rewards through Binance Pay and the Binance Marketplace.
Binance protects its share of user funds by keeping 10% of all transaction fees.
Crypto exchanges allow day traders to personalize the controls to manage addresses and devices.
Your data is secure with end-to-end encryption.

BYDFi

BYDFi ranks 2nd on our list of Crypto Exchanges for Day Trading and has a rating of 4.9/5, as it has many advantages for individuals involved in cryptocurrency day trading. Its features make it an excellent choice for day traders looking for a seamless experience.

One of the distinguishing qualities of BYDFi is its emphasis on speed and efficiency. The platform leverages new technologies and sophisticated algorithms to execute trades quickly and accurately. This allows day traders to take advantage of rapid market opportunities, make timely decisions, and maximize their potential profits. This was our experience when we tested the platform. Our transaction was executed quickly, and there was no noticeable slippage.

BYDFi provides a well-designed interface that meets the needs of day traders. The platform provides basic and advanced charting tools, real-time market data, and customizable indicators, enabling traders to perform technical analysis in their own way. With these devices at their disposal, traders can identify entry and exit points and apply strategies to almost any market.

Features

Advanced Charting Tools: BYDFi's advanced charting tools are very effective when doing technical analysis, which is an important component of crypto day trading.
Traders can access various indicators, overlays, and drawing tools to analyze price patterns and identify trends.
Active Community and Social Trading BYDFi has an active community of traders that favors crypto day traders. Traders can participate in discussions, share trading strategies, and gain insights from other experienced traders.
In addition, the exchange offers social trading features that permit users to copy trades and portfolios of successful traders. This feature allows inexperienced traders to understand and mimic the techniques of experienced traders, potentially improving their own trading results.
Quick deposit and withdrawal process: BYDFi provides an efficient deposit and withdrawal process, allowing traders to transfer and withdraw funds to their accounts as they wish.

Coinbase

Coinbase has powerful tools to enhance the day trading of cryptocurrencies. One example of this is TradingView. It has various APIs, order types, and advanced charting tools. Coinbase encrypts all its services for security while trading cryptocurrencies. Crypto-day trading platforms have more than 550 markets. It is also considered in our list of Crypto Exchanges for Day Trading.

Coinbase Pro achieves low fees through a trading volume-based trading model. You can use One Balance to upgrade your account and unlock all features from the Pro version. Coinbase Advanced API provides more control to your custom watchlist. It also has other features like technical indicators and live crypto market data.

Your crypto assets will not be lent out without your permission. It is also backed up in a 1:1 ratio to maintain high liquidity and protect against volatility. It is the best crypto exchange that supports quick trade execution with real-time order books. Day traders can better manage volatility with stop and limit orders.

Features

It features a free Web3 profile to access tokens and NFT collections.
Coinbase has a simple interface for managing all digital currencies and trading cryptocurrencies in one place.
You can schedule cryptocurrency purchases in months, weeks, and hours.
Coinbase is offering delayed withdrawals to increase safety.
All digital currencies are stored offline for safety.
All digital currencies are stored offline for safety.
The exchange maintains a risk management plan to protect users from the shocks of the cryptocurrency market.
Day traders can set up business payments through Coinbase Pa

Revolut

Revolut is another significant crypto platform for Americans. If you already have a ZenGo account but want a backup exchange to buy and sell crypto (a smart choice), Revolut is the perfect choice. So, we have added it to our list of best Crypto Exchanges for Day Trading. Revolut offers a fee-free crypto transaction for the first $200,000 of every month. It's an easy-to-use app that's used by more than 20 million people around the world and has a lightning interface. As well as major cryptocurrencies (such as Bitcoin and Ethereum), the Revolution also supports more than 30 types of fiat money, so you can easily swap cryptocurrencies for the currencies you need, whether in the United States, Europe, or anywhere else. The coins are stored offline for complete security, and you can also set up automated trading orders when your favorite coins reach their target price.

As a financial super app, Revolut offers commission-free cash withdrawals across the United States and can receive payments up to two days early once a salary arrives with an account transfer. Fee-free international transfers are ten times a month, and transfers within the United States are free at any time.

New users of Revolut will be able to open an account in a few minutes and start crypto trading immediately.

Features

Crypto trading with no commission up to $200,000 a month (1.5%～2.5% commission over $200,000 a month)
Fee-free cash exiting at more than 50,000 ATMs across the United States
For account transfers, salary pick-up can be up to two days earlier.
10 fee-free international transfers each month
National remittance in U.S. dollars is unlimited
Unlimited virtual cards to maximize online privacy and security

Crypto.com

Crypto.com appreciates itself as a crypto day trading platform that offers true costs. You can apply for a crypto.com Visa card and use your encrypted earnings after you qualify. The crypto day trading platform offers discounts and low fees when using your card. The more you trade each month, the better.

You can wager DOT, SOL, and ETH on the best crypto exchanges for day trading. You can earn interest on various blockchains. You can put price alerts for crypto coins like Cronos, Polkadot, Bitcoin, etc. Monitoring your trading position will support you in trading crypto coins. There is no fixed period for crypto assets to lock up for rewards. You can get up to three times the yield on DeFi Swap.

Features

Crypto.com will regularly update the proof of reserves.
You can buy your favorite cryptocurrencies regularly.
On-chain staking allows you to get passive income.
You can get a crypto.com card and get up to 5% chargeback.
The exchange allows you to earn lock-up rewards from more than 21 different cryptocurrencies.
It maintains deep order book liquidity due to high trading volumes.
You have the option to save your crypto wallet key.
It has a detailed learning center with educational resources for crypto traders.

Bonus Tip: Best Crypto Trading bot of 2024 to Generate High Profit

If you are beginner or experienced trader but don’t have time to make researches here is the bonus tip for you. Automate crypto trading with the most advance and leading Crypto bot know as Refonte Infini Crypto Trading bot . It stands at the forefront of the Crypto Trading bots , providing innovative solutions through its Scientific Trading bots. With an array of plans catering to diverse user needs, Refonte Infini offers a free plan, a starter plan, and a standard plan, each equipped with powerful features and cutting-edge technologies. Whether you are a seasoned trader or a newcomer to the crypto space, Refonte Infini's suite of tools promises an immersive and strategic journey through the ever-evolving world of digital assets.

Features:

Varied plans cater to different user preferences, ensuring flexibility.
The platform charges a percentage of profits as an incentive fee, aligning interests with users.
Users can receive signals directly to their wallets or brokers, streamlining the trading process.
Refonte Infini prioritizes user assistance, offering continuous support to address queries and concerns.
The platform employs Gaussian Mixture Models to cluster signals, enhancing precision.
Hidden Markov Models are utilized to detect regime changes in signals, adapting to market dynamics.
Entry and exit points are triggered using Johnson's Su Model, optimizing trading decisions.
Signals are spread and scraped across 320 data centers globally, ensuring fast and high-frequency connectivity.

Is free crypto trading possible?

Yes. Free crypto trading is possible. Some platforms do not charge fees on crypto transactions and make money on the market and other forms of trading. That said, finding a 100 percent free platform can be difficult.

You may have no choice but to settle on a platform that offers very low-cost or discounted trading features. While many exchanges charge crypto traders for spread costs, they are very low for hardcore crypto traders and are often at a negligible level. Similarly, some exchanges offer commission discounts to traders who invest in certain native coins or trade very often.

What is a zero-fee platform?

Trader Union experts have chosen a fee-free platform based on each entry's unique pricing model, low or non-existent fees, reliability, liquidity, crypto asset selection, and more. Although there are exchanges where the fees are totally free, they are usually by no means the best exchange. Locating a good balance between cost and quality is key, so remember that many of the crypto trading platforms featured in this guide are not 100% free for a reason.

Conclusion: Best Crypto Exchanges for Day Trading

Finding the Best Crypto Exchanges for Day Trading may be difficult, given the number of available exchanges and their features. That's why we delved into what the best exchange for day trading is - low fees, the latest market prices, intuitive apps, and more - and handpicked a top crypto platform for day traders.