Best Crypto Exchange for Day Trading [2025]

Day trading cryptocurrencies involves buying and selling cryptocurrencies within a single day. This benefits crypto traders from the fluctuating prices of cryptocurrencies. To do this traders must be vigilant in selecting the best crypto exchange to minimize the risks.

Generally, the best crypto exchange for day trading must offer high liquidity, low fees, and efficient tools to make the trading efficient. In this article, you can learn what crypto exchanges offer and how the best one can make day trading easier for you. Read on to know!

Best Crypto Exchange for Day Trading

Best Place to Day Trade Crypto

Founded in 2017 by Changpeng Zhao, Binance is known for its high market liquidity and fast trading opportunities. The platform offers competitive fees of 0.1% along the discounts available for those using Binance’s native token BNB. This essentially makes it the best crypto exchange for day trading. The user-friendly interface is accessible in over 180 countries worldwide. 

It supports over 350 trading pairs with a variety of options for day traders to increase their portfolios. Various trading types are supported by the exchange including automated trading opportunities.

Binance has consistently innovated, offering features like Binance Smart Chain (BSC) and Binance Labs to support blockchain projects. However, the exchange has faced regulatory challenges in countries like the UK, the US, and Japan, prompting the creation of Binance.US for American users.

This platform also offers advanced charting tools, indicators and APIs for automated trading bots. Additionally, the Binance Earn program allows users to earn passive income through staking, liquidity pools and savings plans. If you’re thinking of investing your money in Binance, use the Binance Referral ID to get an additional bonus of $100 on sign up. 

Trading Options

• Spot Trading: Buy and sell cryptocurrencies instantly.
• Futures Trading: Trade contracts predicting the price movement of cryptocurrencies with leverage options.
• Margin Trading: Borrow funds to trade large positions. This increases the potential profits and risks.
• Options: Flexible contracts allowing traders to hedge risks or speculate on price movements.
• P2P Trading: Direct trading between users without intermediary fees.

Pros

• Low trading fees with discounts for BNB users.
• High liquidity provides excellent trade with minimal losses.
• Advanced tools for automated trading.

Cons

• Restricted access in the USA and some other countries.
• A less-friendly user interface for beginners.

Best Site to Day Trade Crypto

Kraken is also popular among expert day traders as it offers discounts for high-volume trading. It was founded in 2011 and is one of the oldest and the best crypto exchange for day trading. The exchange offers fees of 0.16%, which is a bit higher than Binance but less than many other exchanges. Additionally, its user interface is intuitive and is easily accessible in over 190 countries with limited functionality in some regions like Afghanistan and Japan. 

This exchange is the preferred choice for institutional investors and retail traders alike because of its many features. It provides access to over 200 trading pairs including fiat-to-crypto exchange options. More exciting features of this platform include staking, API integrations. and OTC services.

For advanced traders, Kraken Pro is the better option as it has customizable charting and several hundred technical indicators. As for security, this platform provides cold storage and 2FA to keep the funds safe at all costs. So, if you’re looking to trade on Kraken, don’t forget to use the Kraken Referral feature to earn passive income while you trade or even sleep. 

Trading Options

• Spot Trading: Execute real-time trades with major and minor crypto pairs.
• Futures: Access contracts with up to 50x leverage for trading.
• Margin Trading: Trade on borrowed funds with detailed margin management tools.
• Staking: Earn rewards by locking tokens in Kraken’s staking pool.

Pros

• Trustworthy, secure and reliable platform.
• Provides a wide variety of trading pairs and fiat options.
• Supports margin trading with advanced tools.
• Works in most counties including the USA.

Cons

• Higher fees as compared to Binance and some other exchanges.
• Limited selection of supported cryptocurrencies.
• A bit complicated platform for beginners.

Best Exchange for Day Trading Crypto

OKX, established in 2017 and headquartered in Seychelles, is renowned for its cutting-edge ecosystem and diverse trading options. OKX is a trusted platform among skilled crypto day traders. It offers a wide range of assets along with high liquidity. The exchange offers competitive fees of 0.1% for takers and 0.08% for makers along with smooth user experience. Can easily be used by both the beginners and expert traders.

The platform supports more than 500 trading pairs so that traders can easily diversify their crypto portfolios. Moreover, the platform offers DeFi tools, staking, and a way to store tokens and NFTs. It is especially popular in Asia and Europe for its advanced tools and wide asset selection.

Another exciting thing about this best crypto exchange for day trading is that it has pre-built bots for grid, arbitrage and DCA strategies. So, if you’re new to crypto trading, use the OKX trading bots to do all the heavy listing for you. It also has a fully optimized on-the-go trading app with live updates and alerts. Recently, OKX announced its integration with Google Cloud to enhance its AI-based trading tools and analytics. Don’t forget to use the OKX invite code for additional bonuses. 

Trading Options

• Spot Trading: Buy and sell cryptocurrencies in real-time.
• Futures: Leverage trading contracts with flexible expiry dates.
• Perpetual Swaps: Trade contracts without expiry, allowing continuous speculation.
• Margin Trading: Access leveraged trades with advanced risk management tools.
• Options Trading: Execute options contracts to hedge or speculate on market moves.

Pros

• Low trading fees with discounts on high trading volumes.
• Advances trading tools for automated and margin trading.
• Offers integration between DeFi and NFT.
• Available in over 200 countries. 

Cons

• Doesn’t operate in the USA.
• Some features are complex for beginners.
• Slow customer support when under high network traffic.

Best Day Trading Platform for Cryptocurrency

MEXC was launched in 2018 and has gained publicity due to its excellent market liquidity alongwith zero maker fees and a low tier fees of only 0.1%. WIth these competitive fees, it has attracted active traders who want to maximize their profits. The platform has a very easy to use interface, making it accessible to both beginner and experienced traders. 

The most appealing feature of MEXC is its selection of over 1,600 trading pairs. It supports all major trading strategies including spot trading and margin trading. The additional features include a launchpad for new token offerings, a secure wallet for asset management, and staking options to make passive income. 

MEXC also has an academy which is perfect for beginner traders to learn anything and everything about cryptocurrency and blockchain technology. Additionally, the feature that attracts us the most are the trading bots which help automate day trades with multiple customizable strategies. 

Trading Options

• Spot Trading: Trade over 1,600 cryptocurrencies.
• Futures: Derivatives trading with leverage up to 200x.
• Leveraged ETFs: Access leveraged trades without risk of liquidation.

Pros

• No maker fees and less taker fees.
• A huge selection of trading pairs (over 1600).
• An extensive user base with operations in various regions.

Cons

• Inefficient customer support
• Limited regulatory compliance in some regions.

Best Crypto Exchange for Day Trading in US

Coinbase was started in 2012 by Brian Armstrong and Fred Ehrsam. It is one of the most trusted crypto exchanges in the world, especially in the United States. This platform is great for beginners because it is simple to use. It also has an advanced tool called Coinbase Advanced Trade for day traders who want more control. Coinbase is known for following strict rules, which makes it safe and reliable.

Coinbase has great security. It uses cold storage, two-factor authentication, and insurance for your funds. This means your money is well protected. Moreover, the platform offers educational tools like Coinbase Earn where you can learn about cryptocurrencies and even earn small amounts of crypto.

It also has staking features. This means you can earn rewards by locking up your tokens, such as Ethereum and Cardano. Coinbase works in over 100 countries, including the U.S., Canada, and the U.K. Its mobile app is easy to use and great for trading while on the move. In 2023, Coinbase launched a new blockchain called Base. This technology helps users trade faster and with lower costs. Coinbase is also working with U.S. regulators to make crypto rules clearer and safer for everyone.

Trading Options

• Spot Trading: Buy and sell cryptocurrencies instantly. Great for quick trades.
• Advanced Trading: Use tools like charts and stop-losses for better control of your trades.
• Perpetual futures trading: To speculate on the future pricing and make profits. 
• Staking: Lock tokens like Ethereum to earn rewards over time.
• Coinbase Earn: Learn about new cryptos and earn a small amount of them while learning.

Pros

• Easy to use, especially for beginners.
• Very secure with insurance for digital assets.
• Great for U.S. users because it follows strict rules.
• Educational features help users learn about crypto.

Cons

• Higher fees compared to other platforms.
• Futures trading is only available for non-US customers. 

Best App for Day Trading Crypto

Bybit started in 2018 and is based in Dubai. It is known for fast trading and modern features. Bybit started as a platform for derivatives, which are trades based on future prices. Now, it also has spot trading, staking, and even NFTs. Bybit’s mobile app is very popular because it’s easy to use and works in over 160 countries, with the U.S. as an exception. 

This best crypto exchange for day trading also offers futures trading with leverage up to 100x. This means you can trade with borrowed money, which can bring bigger rewards (or losses). It also has spot trading with zero fees on some pairs. The platform supports automation tools, like trading bots and APIs. These let you set up automatic trades based on your strategy. 

Bybit also has Earn products, like dual asset mining and staking. Through this, you can grow your investment even when you’re not actively trading. The best part about this platform is that its app is smooth and gives real-time updates so you can make trades anytime according to market conditions. Make sure to use the Bybit referral code while signing up to get extra benefits and discounts. As for the latest news, in 2023, Bybit partnered with Oracle Red Bull Racing which made it quite popular among crypto and sports fans.

Trading Options

• Spot Trading: Buy and sell cryptos instantly, with no fees on selected pairs.
• Futures: Trade with leverage to multiply potential profits or losses.
• Perpetual Contracts: Trade contracts with no expiry date for continuous strategies.
• Leveraged Tokens: Get higher exposure without worrying about being liquidated.

Pros

• No fees on selected spot trading pairs.
• High leverage for experienced traders.
• Easy to use mobile app with real-time updates.
• Offers tools for automated trading.

Cons

• Restricted in the U.S.
• Spot trading is newer and has fewer features than competitors.

Best Broker for Crypto Day Trading

PhemeX was created in 2019 by former Morgan Stanley employees. It is designed for both beginners and experienced traders. The platform is known for being fast and reliable. It offers many trading options, including spot trading and futures. PhemeX works in over 120 countries, but it is restricted in the U.S.

It is one of the few platforms to offer zero-fee spot trading, making it great for saving money. It also has futures trading with leverage up to 100x, perfect for short-term trades. If you’re looking for passive income, you can use its staking features to earn rewards on your crypto by locking them up.

Another exciting feature that you might not see in any other exchange is that it has a premium membership which gives traders perks like zero fees and priority customer support. Moreover, for safety, PhemeX uses cold wallets and regular security audits. It also has a mobile app which is easy to use and is designed for traders on the go. In 2023, PhemeX launched a new premium plan with extra benefits, such as zero fees for premium users. They also expanded their staking program to include more cryptocurrencies.

Trading Options

• Spot Trading: Trade crypto directly with no fees for premium members.
• Futures: High-leverage trading contracts for short-term strategies.
• Staking: Lock your tokens and earn rewards passively.
• Perpetual Contracts: Trade without worrying about expiry dates.

Pros

• Zero fees on spot trading for premium members.
• High leverage options for futures traders.
• Strong security with cold wallets and audits.
• Easy-to-use mobile app for trading anywhere.

Cons

• Fewer fiat trading options compared to other exchanges.
• Restricted in the U.S.

How To Get Started with Crypto Day Trading

Don’t stress out where to start if you are just stepping into crypto trading. Here are some tips for you to start day trading with proper preparation and minimum risks.

Understanding the market

It is essential to know what is trending and how the market works. Trading without knowing where you are going to trade can be challenging. Analyze market trends, get technical knowledge, and read charts to understand the market better.

The technical knowledge and charts are insufficient and sometimes can be misleading. Therefore:

• Perform due diligence: Know the details of the crypto you are going to trade.
• Know the fundamentals: Study the market behavior and do technical analysis.
• Learn from expert traders: Observe the crypto traders and the intricacies of trading.

Know your exchanges

Knowing your exchange is essential in day trading. All the crypto platforms have unique features, varying fees, and offer different tools. Compare the pricing and features and pick the one that matches your requirements.

• Compare features: Features to be compared include tools asset lists, security offered by the exchange and fee charges.
• Keep your portfolio extended: Use a variety of coins and tokens for the investment purpose.
• Protiotize reliability: Exchanges with user-friendly interfaces and strong reputations are worth selecting.

Develop a trading strategy

Various strategies are used for day trading purposes. Select the trading strategy that best suits your trading requirements and gain a competitive edge. The popular strategies used for day trading include:

• Scalping: It is used to gain profits on minor price fluctuations. It is based on quick decision-making and understanding price movement over shorter time frames.
• Range/Swing Trading: Relies on predetermined support and resistance levels to guide buy and sell decisions.
• High-Frequency Trading: It includes the use of advanced algorithms to exploit short-term market disruptions.
• News-Based Trading: Works on taking advantage of market news and events such as collaborations and acquisitions.

Practice with a demo account

Protecting your trade from risks is essential to trade safely. Use a demo account first to learn the market dynamics and enhance your trading skills.

• Redefine strategies: Select and test the trading strategy to avoid financial losses.
• Create real scenarios: Gain essential knowledge about the platform and trading tools.
• Gain confidence through learning: Get enough knowledge about day trading that makes you confident about it.

Start Small

Always start with minimum investment to avoid risks. Increase investment after you get familiar with the trading process. It is essential to:

• Avoid Over-leveraging: Never invest all the capital in a single investment.
• Preserve funds: Keep some capital to invest in better opportunities and balance cost-averaging.
• Learn before investing: Experience before making large-scale investments is essential.

Conclusion

In the end it all comes down to your individual needs, goals and experience level while choosing the best crypto exchange for day trading. Overall Binance and Coinbase usually stand out from other exchanges because of their years of services. However, platforms like Bybit, MEXC and OKX are not far behind with high liquidity and 24 hour trading volumes. 

When deciding on an exchange, consider factors like liquidity, trading fees, automation tools, and available trading options. For day traders, access to real-time updates, advanced charts, and quick execution is crucial. So, do your due diligence, go through each of the platforms and choose the one that’s legally available in your region and has all the features that you’re looking for. 

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